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Time of India
5 days ago
- Business
- Time of India
CETA signed between India and UK: What it means for students and young professionals in both countries
A landmark moment unfolded yesterday as India and the United Kingdom signed the Comprehensive Economic and Trade Agreement (CETA), a Free Trade Agreement (FTA) that marks a significant step forward in bilateral economic cooperation. Tired of too many ads? go ad free now While the headlines have largely focused on the projected $34 billion annual boost to trade and the reduction of import duties across key sectors, the long-term implications for students and early-career professionals in both countries are equally noteworthy. CETA is not just a trade agreement; it is an enabler of talent mobility, skill-building, and expanded access to global opportunities. For young Indians and Britons entering a competitive workforce shaped by artificial intelligence, climate transitions, and post-pandemic economic shifts, the deal could be a defining tool in navigating their career trajectories. A stronger pipeline for internships, apprenticeships and exchanges The agreement is expected to expand education and training partnerships between Indian and UK institutions. Students can also expect the rise of new bilateral programmes under schemes such as the UK's Graduate Route visa and India's Study in India initiative. These pathways are likely to see greater alignment with industry needs, particularly in sectors such as manufacturing, green tech, digital services and pharmaceuticals, which the agreement identifies as priority areas. As more British universities explore collaborations with Indian public and private institutions, students could benefit from joint degrees, twinning programmes and integrated internships with multinational employers. These offerings may carry greater recognition and employability value across both markets, opening new doors for those seeking global work experience early in their careers. Boost to MSMEs may open new startup and skilling avenues One of the core aims of the CETA is to empower Micro, Small and Medium Enterprises (MSMEs) through easier access to cross-border trade. Tired of too many ads? go ad free now For young professionals and entrepreneurs, this means more room to build or work in export-driven startups, particularly in sectors like textiles, chemicals, marine products, electronics, and leather. Schemes such as India's Skill India Mission and Startup India could now have a stronger UK-facing component. Professionals trained in high-demand domains may find more opportunities to work with British partners. Opportunities in sustainability-linked sectors Both countries have committed to promoting sustainability within trade. This creates additional scope for young professionals in clean energy, ESG consulting, green finance, and climate-tech solutions. British universities and research centres are already known for their work in sustainability science and policy. The trade deal could make it easier for Indian scholars and researchers to collaborate in these domains, with industry tie-ups for real-world application. Similarly, India's push to become a global manufacturing hub through the 'Make in India' campaign finds resonance in the agreement. This could lead to technical training, innovation labs, and knowledge-sharing formats that prepare students not just for employment, but for leadership in evolving industries. Mutual recognition and smoother career mobility Though not explicitly detailed, CETA is expected to bring improvements in the mutual recognition of qualifications. In practice, this could reduce bureaucratic hurdles for engineers, architects, IT professionals, and financial analysts seeking roles in either country. It may also streamline short-term work visas and consulting opportunities, which are often a grey area for recent graduates. Given that the UK remains a top destination for Indian students and India represents one of the UK's largest higher education partner countries, the move is timely. It aligns with a wider global trend where geopolitical relationships increasingly shape student outcomes and graduate job prospects. A long-term shift in how career pathways are built CETA's benefits are unlikely to be instantaneous. However, for students currently enrolled in undergraduate or postgraduate programmes, and for young professionals in the early years of employment, it provides a future-facing framework. Cross-border careers may now include smoother transitions, clearer growth ladders, and more diversified exposure. As Prime Minister Narendra Modi stated during the signing, this is about "paving a strong path for the future generations." And for that generation, the students, the interns, the first-time founders, and the early-career professionals, CETA signals that international careers are no longer shaped solely by university choices or job market fluctuations. They are increasingly tied to the policies that define where talent can thrive. TOI Education is on WhatsApp now. Follow us .
Economic Times
09-07-2025
- Business
- Economic Times
Adani Enterprises' public debt issue oversubscribed on launch day, bankers say
Indian billionaire Gautam Adani's flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indian billionaire Gautam Adani 's flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Adani Enterprises plans to raise up to 10 billion rupees ($116.7 million) through the sale of two-, three- and five-year issue opened for subscription earlier in the day and received bids worth 15 billion rupees as of 5 p.m. IST, the bankers will now close on Friday, ahead of its earlier schedule of July 22, Adani Enterprises said in a public notice."We think the company will tap this market on a regular basis considering the strong response," one of the bankers are directly involved in the issue and requested anonymity as they are not authorised to speak to the Enterprises will pay an annual coupon of between 8.95% and 9.30%, they led demand for the issue, followed by high net-worth individuals and retail investors, they is India's biggest public issue in 14 months and comes after a subdued first quarter where firms were able to raise only about 15 billion rupees. Trust Investment Advisors and Tip Sons Consultancy Services are the lead managers for the Enterprises did not immediately respond to a Reuters request for September, the company raised 8 billion rupees in its debut public issue, offering yields 30-60 basis points higher across Enterprises was able to garner over 7 billion rupees in bids on the first day until 5:00 p.m. IST last year.($1 = 85.6800 Indian rupees)
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Business Standard
23-06-2025
- Business
- Business Standard
Poonawalla Fincorp up 4% after board approves to raise ₹1,600 cr via NCDs
Poonawalla Fincorp shares gained 3.8 per cent in trade on Monday (June 23, 2025), logging an intraday high at ₹431.1 per share on BSE. The buying on the counter came after the company's board approved to raise ₹1,600 crore through non-convertible debentures (NCDs). At 12:06 PM, Poonawalla Fincorp share price was trading 3.21 per cent higher at ₹428.65 per share on the BSE. In comparison, the BSE Sensex was down 0.77 per cent at 81,774.86. The company's market capitalisation stood at ₹33,362.92 crore. Its 52-week high was at ₹436.65 per share and 52-week low was at ₹267.25 per share. "We hereby inform you that the finance committee, as authorised by the board of directors of the company had approved today issuance of secured, redeemable, rated, listed, non-convertible debentures of face value of ₹1,00,000 each (NCDs) for an amount aggregating up to ₹16,00,00,00,000 (Rupees One Thousand Six Hundred Crore only) ('Issue' or 'Issue Size')," the filing read. Further, the company shall pay coupon on the NCDs at a rate of 2 per cent (two percent) over and above the applicable coupon rate for any delay in payment of interest/principal amount of the NCDs for the period until such event of default is cured to the satisfaction of the Debenture Trustee (acting on the instructions of the Debenture-holders). What are NCDs? NCDs are a type of debt instrument issued by companies to raise capital from investors. They are essentially a loan that the company takes from investors, where the company promises to repay the principal amount along with interest at a specified rate and maturity date. About Poonawalla Fincorp Poonawalla Fincorp is a Non-Banking Financial Company (NBFC) in India, focusing on consumer and MSME (Micro, Small, and Medium Enterprises) financing. Headquartered in Pune, the company was formerly known as Magma Fincorp Limited and rebranded in 2021 following a strategic acquisition by the Cyrus Poonawalla Group. Poonawalla Fincorp offers a diverse range of financial products such as personal/business/ professional loans, loans against property, pre-owned car loans, medical equipment and machinery loans, consumer durable loans, supply chain finance, and digital consumption loans.
Egypt Independent
21-06-2025
- Business
- Egypt Independent
Egypt, Italy mull ways to boost AI cooperation
Minister of Communications and Information Technology, Amr Talaat discussed with Italy's Minister of Enterprises, Adolfo Urso, ways to strengthen bilateral cooperation in the field of Artificial Intelligence (AI). They held a meeting in the Italian capital, Rome, in the presence of Bassam Rady, Egypt's Ambassador to Italy, to review key developments in AI applications in both Egypt and Italy. They also followed up on discussions initiated during Urso's visit to Egypt in April 2024, which aimed to lay the foundations for constructive collaboration between the two countries in various aspects of AI and its infrastructure. During the meeting, Talaat explained the main aspects and objectives of the second edition of Egypt's national AI strategy, noting that it focuses on building digital capacities, AI governance, fostering innovation, research and development, and enhancing international cooperation in this field. For his part, Urso highlighted Italy's efforts to support startups working in the AI sector. He also outlined the features of an initiative launched by Italy during its 2024 presidency of the G7, which involves the establishment of an 'AI center for Sustainable Development'. This initiative aims to support the use of AI in advancing development efforts across the African continent. Urso expressed keenness to strengthen bilateral cooperation in AI, as well as to collaborate on a regional level to implement and achieve the goals of this initiative. He also thanked the Egyptian Ministry of Communications for nominating a representative to serve on the center's executive committee. This meeting is part of Talaat's visit to Italy, in response to an invitation from Urso. During the visit, several meetings were held with officials from Italian companies and institutions to boost cooperation and attract more investment into Egypt's communications and IT sector.
Indian Express
18-06-2025
- Business
- Indian Express
Fintechs should see agri, rural areas as new markets, not just social responsibility: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has called on India's fintech companies to view the country's agriculture sector and rural areas as more than just a social responsibility, saying they were an opportunity to 'create new markets'. 'Agriculture and rural areas need more innovations so that farmers will have to be connected to the markets better. Every fintech firm should view rural India as a fertile ground not just as a social responsibility but as an opportunity to create new markets. And you'll know from the Fast Moving Consumer Goods (FMCG) companies that in the rural area today demand is reviving and sustaining itself and it is there that we need to have greater participation from our side,' the Finance Minister said on Wednesday at the Digital Payments Awards 2025, hosted by the Ministry of Finance's Department of Financial Services. Sitharaman also said fintechs should participate more when it comes to providing credit to Micro, Small, and Medium Enterprises (MSMEs). The Finance Minister said many other countries could only dream about the speed with which Indian companies were innovating in the digital payments space, with even several advanced countries not making progress at the same pace. 'There are several countries which appreciate and equally ask us if there can be an interaction which can be enabled,' Sitharaman said. A host of companies won at the Digital Payments Awards, including Punjab National Bank, Bank of Baroda, and UCO Bank in the public sector bank category and HDFC Bank, City Union Bank, and IDFC FIRST Bank among private banks. In the small finance and payments bank categories, Equitas Small Finance Bank and India Post Payments Bank were named winners. Among fintechs, Whatsapp Meta, Navi, and Mobikwik won joint first place in the third-party app providers category, while PhonePe, Paytm, and Google Pay were awarded the top three places in the offline digital payments acceptance infrastructure category. 'Push the boundaries' While lauding the 'light-touch regulation, heavy encouragement' approach, the Finance Minister said India still needs 'a bulk of its population' to benefit from financial inclusion. To become a developed country by 2047, Sitharaman called on those in attendance to 'push the boundaries'. 'You have set pioneering targets, achieved them. But now we need to take it further and set standards,' she said. Noting that the fintech adoption rate in India was 87 per cent as against 67 per cent globally, the Finance Minister said nearly Rs 44 lakh crore had been transferred through Direct Benefit Transfers (DBT) since 2014, resulting in savings of Rs 3.48 lakh crore. Going forward, the Finance Minister said financial inclusion should be advanced even further, with regional languages playing a bigger role, strengthened by voice-based services. Account aggregators, she added, could unlock new possibilities, with the number of entities on the account aggregator platform rising to nearly 700 as of March 2025 from 24 three years ago. Sitharaman also highlighted the need to improve literacy and cybersecurity, with solutions needed to ensure people don't fall prey to being 'digitally arrested' or that fly-by-night operators don't take away their money. 'We need a set of fintech companies which are constantly working on giving solutions for the newer challenges which are arising.' Speaking earlier at the awards, M Nagaraju, Secretary, Department of Financial Services, lauded the accomplishments of Unified Payments Interface as a mode of digital payment, saying its success had crossed borders as it was live in seven countries, namely Bhutan, France, Mauritius, Nepal, Singapore, Sri Lanka, and the UAE. Nagaraju echoed Sitharaman's priorities for the future, naming deepening digital payment adoption across sectors and geographies, strengthening cybersecurity and fraud prevention frameworks, promoting digital and financial literacy at the grassroot level, and 'ensuring that digital payments remain inclusive, secure, and citizen-centric'. Make for the world According to Sitharaman, India's fintech companies and their innovations have the potential to become global public goods that can benefit other emerging and developing economies, which would open new markets for Indian firms. 'Our players must aim to export our successful models abroad. We have the talent, we have the market scale, and we have also proven solutions. So fintech revolution in India will further flourish,' she said. Pointing out that India's fintech market is projected to grow to over $400 billion by 2028-29, Sitharaman said the scale of opportunity is immense and that the sector's 'best chapters are yet to be written'. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More
