News Broadcasting
India Inc explores investment opportunities in the UK
MUMBAI: CNBC-TV18 and UK Trade & Investment, in Mumbai last week, arranged a first-of-its-kind discussion on the investment opportunities in the United Kingdom.
Eminent luminaries from the diplomatic and corporate spheres like Sir Michael Arthur- the British High Commissioner in India, Tata Consultancy Services Ltd CEO and MD S Ramadorai, Wockhardt Ltd chairman Habil Khorakiwala, BSR & Co. partner and head of tax and regulatory practice Sudhir Kapadia and Picton Howell Solicitors, UK solicitor Dina Dattani discussed the opportunities awaiting Indian companies in the UK.
The discussion on ‘Go Global? Think UK’ presented the benefits of investing in the UK. The UK presents prospective investors with one of the lowest tax rates in Europe, deregulated economy and world class research and development facilities.
Speaking at the forum, Ramadorai said, “A company needs to be fundamentally strong if it needs to establish itself in another country. In UK, ease of business is possible, rules of the games are clearer. The opportunities in UK are phenomenal, UK welcomes any kind of competition. For a company to acquire another in UK, what is most important is that the two companies need to be synergistic, with the aim of providing value to the customer in the end!”
Commenting on the initiative with UK Trade & Investment, CNBC-TV18 spokesperson said, “India Inc is growing by leaps and bounds and is constantly on the look out for fresher investment avenues. CNBC-TV18 in association with the UK Trade & Investment endeavors to assist the growing Indian Economy to encash the opportunities offered to both entrepreneurs and established companies in the United Kingdom through this free flowing forum.”
News Broadcasting
BBC to cut up to 2,000 jobs in biggest overhaul in 15 years
Cost pressures and leadership change drive major workforce reduction plan
LONDON: BBC has unveiled plans to cut up to 2,000 jobs, roughly 10 per cent of its global workforce, in what marks its biggest downsizing in 15 years.
The announcement was made during an all-staff meeting led by interim director-general Rhodri Talfan Davies, as the broadcaster moves to tackle mounting financial pressures and reshape its operations.
Between 1,800 and 2,000 roles are expected to be eliminated from a workforce of around 21,500. The cuts form part of a broader plan to save £500 million over the next two years, aimed at offsetting rising costs, stagnating licence fee income and weaker commercial revenues.
In a communication to staff, BBC interim director-general Rhodri Talfan Davies said, “I know this creates real uncertainty, but we wanted to be open about the challenge,” acknowledging the impact the move would have across the organisation.
The restructuring comes at a time of leadership transition. Former director-general Tim Davie stepped down earlier this month, with Matt Brittin, a former Google executive, set to take over the role on May 18, 2026.
While some cost-cutting measures are being implemented immediately, the majority of the structural changes are expected to roll out over the next few years, with full savings targeted by the 2027–2028 financial year.
The broadcaster had earlier signalled its intent to reduce its cost base by around 10 per cent over a three-year period, warning of “difficult choices” as it adapts to shifting economic realities and audience expectations.
With operating costs hovering around £6 billion annually, the BBC’s latest move underscores the scale of the financial challenge it faces, as it balances public service commitments with the need for long-term sustainability in an increasingly competitive media landscape.
