British Prime Minister Boris Johnson on Friday won the historic UK General Election as his Conservative Party crossed the 326-mark required for a majority in Parliament, marking a victory for his "Get Brexit Done" message and setting the UK on course to leave the European Union (EU) in the New Year.Johnson, who won his own seat in London's Uxbridge and South Ruislip, hailed the projected win for his Conservative Party as a powerful new mandate to move forward with his deal to leave the 28-member economic bloc."It does look as though this One Nation Conservative government has been given a powerful new mandate to get Brexit done and not just to get Brexit done but to unite this country and to take it forward, said the 55-year-old Tory leader in his winner's speech after the results in his constituency were declared.Close While stressing that the final tally is yet to be confirmed, he said the election would give him the chance to respect the democratic will of the British people, to … [Read more...] about Boris Johnson wins UK’s Brexit election, hails powerful mandate
Backstop to the northern ireland border
Highlights- Historic win for Conservative party reduces political uncertainty- Victory an implied affirmation for Brexit- Next step: Deal follow-through in Parliament; Transition in focus- Positive for pound, UK equities (smallcaps) and Indian exporters to UKUK’s Conservative party led by Prime Minister Boris Johnson has secured a resounding election mandate which will put much of Britain's political uncertainties to rest. The unusual election, which was fought primarily on Brexit, has led to a massive win for Conservatives last seen when Margaret Thatcher had come to power. This is also seen as the second UK referendum in favour of Brexit.With the mandate, Johnson can easily pass the first hurdle of UK Parliament’s approval for his Brexit plan. The Street is expecting a quick follow-through in Parliament and an anticipated ratification from the European Union (EU). While sketchy details of a free trade agreement will keep politics and markets on the edge, the market is … [Read more...] about Huge mandate for UK’s Johnson clears political fog, India Inc smiles
High net worth Indians (HNIs) are looking to secure their assets against possible loan defaults in the current economic climate are turning to newer tax havens as the government now receives data from Switzerland, reports The Economic Times.Malta, Dubai and Singapore have emerged as new favourites where Indians create 'family trusts' to which their assets are transferred to insulate against future litigation, the paper added. These trusts then become the holding entity or beneficiary for the family.However, the paper quoted an expert as saying that such arrangements help from a tax point of view, but given present laws it would be more beneficial if created by non-resident Indians (NRIs).Close Apart from the uncertain economic situation, an expert told the paper that HNIs are looking at this as a means of tax planning to diversify their investments. related news NCL aims coal production of 115 MT by FY24, to stop road evacuation Corp Affairs Ministry reviews … [Read more...] about Are HNIs moving to these newer tax havens to secure assets against uncertainty?
The Northern Coalfields Ltd (NCL) on December 13 projected a production target of 115 million tonnes by 2023-24, while planning to focus on offtake by railways, instead of roads, to meet environmental obligations.The Coal India subsidiary with the highest growth of 9 per cent transports 17 million tonnes of coal per annum by trucks."We will do away with road movement of coal to meet the green regulations toward sustainability. We are looking at 106 million tonnes of coal production for FY'21 and 115 million tonnes for 2023-24, as per the current projections," NCL chairman and managing director P K Sinha said.Close He was speaking on the sidelines of the 2nd International Conference on Opencast Mining Technology and Sustainability (ICOMS-2019) in association with IIT (BHU), Varanasi, organised on the eve of the World Energy Conservation Day on December 14. related news A look at top equity schemes that saw highest inflows CCI approves stake buy in SBI General … [Read more...] about NCL aims coal production of 115 MT by FY24, to stop road evacuation
“I bet no CEO of a company has said this to his team,” Shake Shack leader Randy Garutti tells a roomful of employees. “I want to challenge you to put us out of business.” advertisement advertisement It’s less than 30 minutes before the 11 a.m. grand opening of what will be the 66th Shake Shack–a gleaming, multimillion-dollar outpost located in a Victorian brownstone on Newbury Street, in Boston’s gold coast shopping district. The assembled workers sit riveted, but this last-minute dare is probably not what they were expecting. Garutti, the company’s CEO, has been up since 3 a.m. He came to Boston on a late-arriving early-morning Amtrak train, and he plans to hit three other Boston-area Shacks before heading home to New York. It has already been a long day. Is he having some kind of stress-induced, Howard Beale–style meltdown? Well, no. He’s just passing along a bit of the wisdom that has made his company one of … [Read more...] about How Shake Shack Leads The Better Burger Revolution