Latest news with #bp
Mint
5 days ago
- Business
- Mint
India-UK FTA: ‘Win-win for both countries, boost to economic activity' - How business leaders are reacting to trade deal
As India and the UK sign the 'historic' Free Trade Agreement, aiming to enhance bilateral trade to $120 billion by 2030, prominent Indian business leaders have welcomed the development, calling it a major boost for trade, investment, and collaboration across key sectors such as energy, technology, and manufacturing. Kartikeya Dube, Head of Country and Chairman, bp India, described the agreement as 'a great step towards enhancing the trade relationship between the two partner nations.' He added, 'This will not only enhance the easier trade of goods and services but will also enable a seamless flow of talent and expertise. In the energy sector, this will encourage collaborations and investments, including renewables.' Echoing similar sentiments, Anish Shah, Group CEO and Managing Director of Mahindra Group, hailed the deal as more than just a trade pact. 'This landmark UK-India trade deal is more than an economic milestone – it's a bold vision for shared prosperity and innovation,' he said. 'It opens new doors for collaboration in clean energy, advanced tech, and sustainable manufacturing.' He further added, 'At Mahindra, we see this as a powerful platform to deepen global partnerships and drive inclusive, future-ready growth. It also signals India's growing leadership in shaping a new era of global cooperation.' Meanwhile, Anil Agarwal, Chairman of Vedanta Ltd., in a video message, praised the leadership of both nations. 'I congratulate PM Modi and PM Starmer for this historic agreement. This is a great achievement between Britain and India as they walk down the progressive path. A lot of hard work has gone into it.' Calling it a 'win-win' for both countries, Agarwal stated, 'The FTA will boost economic activity and create many more jobs and opportunities for entrepreneurship in both countries. This will help both countries to increase trade by at least $20 billion.' Prashant Bangur, Vice Chairman of Shree Cement, called it 'a landmark moment for India and the UK,' and said the agreement is 'a testament to India's growing global engagement under PM Shri Narendra Modi's leadership.' He highlighted that the deal would 'improve market access and open new doors in manufacturing, services, and mobility,' while also 'strengthening India's position in global value chains and paving the way for a more resilient, self-reliant, and shared economic future.' On the education and cultural collaboration front, Alison Barrett MBE, Country Director India at the British Council, emphasised the deal's impact beyond economics. She said the FTA 'unlocks thousands of jobs and boosts growth across both economies,' and that the Comprehensive and Strategic Partnership will 'see closer collaboration on defence, education, climate, technology and innovation.' Barrett welcomed the focus on education, stating, 'I am pleased to see education recognised as a core pillar of the partnership, placing people – especially young people from India and the UK – at the heart of this vibrant relationship.' She added that the British Council continues to work closely with the Indian government to support the National Education Policy 2020's goal of internationalisation, noting, 'The shared vision gives us a strong institutional framework for closer and more effective collaborations.' Following the signing of the pact, Prime Minister Narendra Modi stated that it would reduce the 'cost of doing business' and boost the 'confidence of doing business.' He added that this agreement between two major economies would also contribute to global stability and prosperity.
Globe and Mail
5 days ago
- Business
- Globe and Mail
WEX® and bp Partner on earnify™fleet Fuel Card Program
WEX ® (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced a new partnership with energy leader bp to provide fleet drivers access to fuel savings through the earnify ™ fleet fuel card program in the U.S. Moving forward, earnify ™ fleet cards can be used for fuel and vehicle-related purchases at merchants that accept WEX and Mastercard ® with on-going fuel rebates available at over 8,000 stations across the bp family of brands. Designed for small businesses and large fleets, this partnership will expand the program's valuable fuel rebates to bp, Amoco, TravelCenters of America, TA Express, and Petro stations across the country. This press release features multimedia. View the full release here: 'With the earnify ™ fleet card, we're combining WEX's leading payments technology with bp's robust fueling network to give fleets a smarter, more efficient way to manage operations,' said Brian Fournier, Americas SVP & GM, Mobility at WEX. 'From real-time controls to detailed data insights and fraud protection, this program demonstrates how WEX technology is driving the next generation of fleet payment innovation.' Drivers can use their earnify ™ fleet card to pay for parts and service, tolls, car washes, parking, and roadside assistance. With all of these options available on one card, this simplified solution can also be utilized for integrated reporting and invoicing. Business owners and fleet operators can set purchase controls on employee spending based on product type, dollar amount, time of day, and more. The cards come with EMV chip technology, giving businesses extra protection from fraud. earnify ™ fleet drivers can sign up for the earnify ™ rewards program and earn personal loyalty points when they fuel for work at participating locations. This added benefit is designed to enhance earnify ™ fleet driver satisfaction and encourage in-network fueling, benefiting both drivers and fleet managers. 'We're excited to expand our long-standing relationship with WEX as we launch the earnify ™ fleet card,' said Debi Boffa, CEO of TravelCenters of Americas and bp VP of Fleet Mobility. 'By creating a new card program that brings together all of our fuel brands — bp, Amoco, TA, Petro, and TA Express — we're making it easier than ever for fleet customers of all sizes to fuel, save, and stay loyal across our entire network.' The combined power of WEX and Mastercard satisfies customer needs for more comprehensive coverage and greater purchasing power by offering expanded Mastercard acceptance for a range of vehicle-related expenses, all through one-card convenience. 'We're delighted to collaborate with WEX and bp to launch this next-generation fleet card offer,' said Mark Aquilina, SVP, Corporate Solutions and B2B Transportation at Mastercard. 'Mastercard's purchasing capabilities, security, and added convenience will help deliver even more value for commercial customers and we look forward to the impact this program will have on fleets across the country.' About WEX WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility, and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements including, but not limited to, statements regarding the expected benefits resulting from the Company's new partnership with bp relating to the earnify ™ fleet fuel card program in the U.S. Any statements in this press release that are not statements of historical facts are forward-looking statements. When used in this press release, the words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'project,' 'will,' 'positions,' 'confidence,' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. Forward-looking statements relate to our future plans, objectives, expectations, and intentions and are not historical facts and accordingly involve known and unknown risks and uncertainties and other factors that may cause the actual results or performance to be materially different from future results or performance expressed or implied by these forward-looking statements, including the ability of the Company and its customers to realize the expected benefits Company's new partnership with bp relating to the earnify ™ fleet fuel card program in the U.S. and the Company's ability to successfully convert the existing BP portfolio to the WEX platform; as well as other risks and uncertainties identified in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission on February 20, 2025, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the Securities and Exchange Commission on May 1, 2025 and subsequent filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release and undue reliance should not be placed on these statements. The Company disclaims any obligation to update any forward-looking statements as a result of new information, future events, or otherwise.
Business Wire
5 days ago
- Business
- Business Wire
WEX ® and bp Partner on earnify ™ fleet Fuel Card Program
PORTLAND, Maine--(BUSINESS WIRE)-- WEX ® (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced a new partnership with energy leader bp to provide fleet drivers access to fuel savings through the earnify ™ fleet fuel card program in the U.S. Moving forward, earnify ™ fleet cards can be used for fuel and vehicle-related purchases at merchants that accept WEX and Mastercard ® with on-going fuel rebates available at over 8,000 stations across the bp family of brands. Designed for small businesses and large fleets, this partnership will expand the program's valuable fuel rebates to bp, Amoco, TravelCenters of America, TA Express, and Petro stations across the country. 'With the earnify™fleet card, we're combining WEX's leading payments technology with bp's robust fueling network to give fleets a smarter, more efficient way to manage operations,' said Brian Fournier, Americas SVP & GM, Mobility at WEX. 'With the earnify ™ fleet card, we're combining WEX's leading payments technology with bp's robust fueling network to give fleets a smarter, more efficient way to manage operations,' said Brian Fournier, Americas SVP & GM, Mobility at WEX. 'From real-time controls to detailed data insights and fraud protection, this program demonstrates how WEX technology is driving the next generation of fleet payment innovation.' Drivers can use their earnify ™ fleet card to pay for parts and service, tolls, car washes, parking, and roadside assistance. With all of these options available on one card, this simplified solution can also be utilized for integrated reporting and invoicing. Business owners and fleet operators can set purchase controls on employee spending based on product type, dollar amount, time of day, and more. The cards come with EMV chip technology, giving businesses extra protection from fraud. earnify ™ fleet drivers can sign up for the earnify ™ rewards program and earn personal loyalty points when they fuel for work at participating locations. This added benefit is designed to enhance earnify ™ fleet driver satisfaction and encourage in-network fueling, benefiting both drivers and fleet managers. 'We're excited to expand our long-standing relationship with WEX as we launch the earnify ™ fleet card,' said Debi Boffa, CEO of TravelCenters of Americas and bp VP of Fleet Mobility. 'By creating a new card program that brings together all of our fuel brands — bp, Amoco, TA, Petro, and TA Express — we're making it easier than ever for fleet customers of all sizes to fuel, save, and stay loyal across our entire network.' The combined power of WEX and Mastercard satisfies customer needs for more comprehensive coverage and greater purchasing power by offering expanded Mastercard acceptance for a range of vehicle-related expenses, all through one-card convenience. 'We're delighted to collaborate with WEX and bp to launch this next-generation fleet card offer,' said Mark Aquilina, SVP, Corporate Solutions and B2B Transportation at Mastercard. 'Mastercard's purchasing capabilities, security, and added convenience will help deliver even more value for commercial customers and we look forward to the impact this program will have on fleets across the country.' About WEX WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility, and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements including, but not limited to, statements regarding the expected benefits resulting from the Company's new partnership with bp relating to the earnify ™ fleet fuel card program in the U.S. Any statements in this press release that are not statements of historical facts are forward-looking statements. When used in this press release, the words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'project,' 'will,' 'positions,' 'confidence,' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. Forward-looking statements relate to our future plans, objectives, expectations, and intentions and are not historical facts and accordingly involve known and unknown risks and uncertainties and other factors that may cause the actual results or performance to be materially different from future results or performance expressed or implied by these forward-looking statements, including the ability of the Company and its customers to realize the expected benefits Company's new partnership with bp relating to the earnify ™ fleet fuel card program in the U.S. and the Company's ability to successfully convert the existing BP portfolio to the WEX platform; as well as other risks and uncertainties identified in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission on February 20, 2025, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the Securities and Exchange Commission on May 1, 2025 and subsequent filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release and undue reliance should not be placed on these statements. The Company disclaims any obligation to update any forward-looking statements as a result of new information, future events, or otherwise.
Mint
5 days ago
- Business
- Mint
India-UK FTA: 'Win-win for both countries, boost to economic activity - How business leaders are reacting to trade deal
As India and the UK sign the 'historic' Free Trade Agreement, aiming to enhance bilateral trade to $120 billion by 2030, prominent Indian business leaders have welcomed the development, calling it a major boost for trade, investment, and collaboration across key sectors such as energy, technology, and manufacturing. Kartikeya Dube, Head of Country and Chairman, bp India, described the agreement as 'a great step towards enhancing trade relationship between two partner nations.' He added, 'This will not only enhance easier trade of goods and services but will also enable a seamless flow of talent and expertise. In the energy sector, this will encourage collaborations and investments, including renewables.' Echoing similar sentiments, Anish Shah, Group CEO and Managing Director of Mahindra Group, hailed the deal as more than just a trade pact. 'This landmark UK-India trade deal is more than an economic milestone – it's a bold vision for shared prosperity and innovation,' he said. 'It opens new doors for collaboration in clean energy, advanced tech, and sustainable manufacturing.' He further added, 'At Mahindra, we see this as a powerful platform to deepen global partnerships and drive inclusive, future-ready growth. It also signals India's growing leadership in shaping a new era of global cooperation.' Meanwhile, Anil Agarwal, Chairman of Vedanta Ltd., in a video message, praised the leadership of both nations. 'I congratulate PM Modi and PM Starmer for this historic agreement. This is a great achievement between Britain and India as they walk down the progressive path. A lot of hard work has gone into it.' Calling it a 'win-win' for both countries, Agarwal stated, 'The FTA will boost economic activity and create many more jobs and opportunities for entrepreneurship in both countries. This will help both countries to increase trade by at least $20 billion.' Prashant Bangur, Vice Chairman of Shree Cement, called it 'a landmark moment for India and the UK,' and said the agreement is 'a testament to India's growing global engagement under PM Shri Narendra Modi's leadership.' He highlighted that the deal would 'improve market access and open new doors in manufacturing, services, and mobility,' while also 'strengthening India's position in global value chains and paving the way for a more resilient, self-reliant, and shared economic future.' On the education and cultural collaboration front, Alison Barrett MBE, Country Director India at the British Council, emphasised the deal's impact beyond economics. She said the FTA 'unlocks thousands of jobs and boosts growth across both economies,' and that the Comprehensive and Strategic Partnership will 'see closer collaboration on defence, education, climate, technology and innovation.' Barrett welcomed the focus on education, stating, 'I am pleased to see education recognised as a core pillar of the partnership, placing people – especially young people from India and the UK – at the heart of this vibrant relationship.' She added that the British Council continues to work closely with the Indian government to support the National Education Policy 2020's goal of internationalisation, noting, 'The shared vision gives us a strong institutional framework for closer and more effective collaborations.' Following the signing of the pact, Prime Minister Narendra Modi stated that it would reduce the 'cost of doing business' and boost the 'confidence of doing business.' He added that this agreement between two major economies would also contribute to global stability and prosperity. UK Prime Minister Starmer described the trade pact as "historic". "Both countries will see a boost in wages and living standards," he said, adding that the trade deal will boost whiskey distillers in Scotland. "It will bring down prices of Indian clothes, shoes, foods for British citizens."
Time of India
21-07-2025
- Business
- Time of India
BP appoints Albert Manifold as new chair; to take charge on October 1
New Delhi: bp on Monday announced the appointment of Albert Manifold as the next chair of the company, with effect from October 1. He will join the company's board as a non-executive director and chair-elect on September 1, succeeding Helge Lund, who will step down after a seven-year tenure. Manifold served as Chief Executive Officer of CRH plc from January 2014 to December 2024. He is currently a non-executive director at LyondellBasell , a chemicals company listed on the New York Stock Exchange, and at Mercury Engineering , a privately owned engineering consultancy. Under his leadership at CRH, the company restructured its portfolio and focused on capital efficiency and cash generation. Manifold holds a Master of Business Administration and a Master in Business Studies from Dublin City University. He is a Certified Public Accountant and a Chartered Accountant. 'It is an honour to be appointed chair of one of the world's great energy companies , and to have the opportunity to help the company reach its full potential,' Manifold said. 'bp has a vital role to play in addressing the world's growing energy needs. I look forward to working with the bp board, Murray and the leadership team to accelerate delivery of bp's strategy and drive compelling and sustainable shareholder value creation,' he added. The succession process was led by Dame Amanda Blanc , bp's senior independent director. 'I am delighted that following a rigorous and comprehensive global search we have been able to appoint Albert as our new chair. His impressive track record of shareholder value creation at CRH demonstrates he is the ideal candidate to oversee bp's next chapter,' she said. 'Albert has a relentless focus on performance which is well suited to bp's needs now and into the future,' Blanc added. bp said Manifold remains a special adviser to the board of CRH and an adviser at private equity firm Clayton Dubilier & Rice. The company clarified that there are no additional matters requiring disclosure under 6.4.8R of the UK Listing Rules. Ben Mathews, Company Secretary, is responsible for arranging the release of the announcement, which contains inside information, bp said.
