Keir Starmer meets Xi Jinping in Beijing to boost UK-China economic and trade ties

Keir Starmer meets Xi Jinping in Beijing to boost UK-China economic and trade ties


British Prime Minister Keir Starmer met Chinese President Xi Jinping in Beijing to strengthen economic and political ties, marking the first UK PM visit since 2018. (A file picture)
| Photo Credit:
STEFAN ROUSSEAU

British Prime Minister Keir
Starmer met Chinese President Xi Jinping in Beijing on Thursday
for ​talks he hopes will deepen their economic relationship,
signalling a breakthrough in ties after years ‌of distrust and
acrimony.

On the most important day of his four-day visit to China,
Starmer was greeted ​by Xi at the Great Hall of the People for a
discussion expected to last around 40 minutes, before they lunch
together. He will also meet Premier Li Qiang later on Thursday.

Starmer, whose centre-left Labour Party government has
struggled to deliver the economic growth it promised, has made
improving relations with China one of his priorities in the hope
it can yield business opportunities.

The visit to China, the first by a British prime minister
since 2018, comes amid tension between Britain and its
longstanding close ally the United States over President Donald
Trump’s recent remarks, ​including threats to take control of
Greenland.

Kerry Brown, professor of Chinese studies at King’s College
London, said he ⁠expected that a number of deals between Britain
and China would be announced to show how their relationship has
improved.

“This must look like it’s been a success,” he said. “For
both sides, they don’t want a meeting which is going to be
arguing about things they disagree on.”

European and ​other Western countries have engaged in a
flurry of ⁠diplomacy with China as they hedge against
unpredictability from the United States under Trump.

Starmer’s visit immediately follows that of Canadian Prime
Minister Mark Carney, who signed an economic deal with Beijing
to tear down trade barriers, drawing Trump’s ire.

China is also eager to mend ties, portraying the
relationship with Britain as being at a “pivotal ‌moment”.

“China stands ready to take this visit as an opportunity to
enhance political mutual trust with Britain, ‌deepen practical
cooperation…and together make due efforts and contributions to
world peace, security and stability,” the state-run Xinhua news
agency said in an editorial on Wednesday.

SEEKING A “MATURE” RELATIONSHIP

Starmer has adopted a new ‍policy of engagement with China
after relations deteriorated for years under previous
Conservative governments when London restricted some Chinese
investment over national security worries and expressed concern
over a crackdown on political freedoms in Hong Kong.

Speaking to a delegation of business ‍leaders hours after
arriving in the country on Wednesday, Starmer said it was time
for a “mature” relationship between Britain and the world’s
second-biggest economy.

He then dined at a Chinese restaurant known for its
mushroom-laden dishes that also hosted former U.S. Treasury
Secretary Janet Yellen during her 2023 visit. He discussed how
to pronounce the Chinese word for thank you – ‘xie xie’ – as he
posed for photos with restaurant staff, a video posted on Weibo
showed.

In a sign of how the countries can work together, Downing
Street said Starmer and Xi would announce that Britain and China
would work together to tackle the gangs involved in trafficking
illegal migrants.

The deal will be focused on reducing the use of Chinese-made
engines for small boats being used to ⁠transport people across
Europe to claim asylum.

British and Chinese officials will share intelligence to
identify smugglers’ supply routes and work with Chinese
manufacturers to prevent legitimate businesses from being
exploited by organised crime, Downing ​Street.

Starmer told reporters on the plane to China that he will
“raise the issues that need to be raised” ⁠on human rights with
Xi when asked if he will bring up the case of Jimmy Lai, the
former Hong Kong media tycoon and British citizen who was
convicted in December of national security crimes.

But the presence of more than 50 business leaders
accompanying Starmer and his itinerary shows the priority for
this trip is economic ties.

“Everything you’re doing here, everything I’m doing here is
focused on how do we benefit people ⁠at home,” he told the
business leaders on Wednesday.

Published on January 29, 2026



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Star Health Insurance Q3FY26 results: net profit dips 40%, GWP rises 22%

Star Health Insurance Q3FY26 results: net profit dips 40%, GWP rises 22%


Star Health Insurance reported a 40% decline in net profit to ₹128 crore for Q3FY26, despite gross written premiums rising 22% year-on-year to ₹4,624 crore. Under Ind AS accounting, the insurer posted a Profit After Tax of ₹449 crore, up 414% YoY.
| Photo Credit:
ANI

Star Health Insurance reported a 40 per cent dip in its net profit at ₹128 crore for the quarter ended December 2025 (Q3FY26), as per financial statements filed with the exchanges. The standalone health insurer recorded a gross written premium (GWP) of ₹4,624 crore, up 22 per cent year on year.

Strong PAT Growth

In a statement, the company said that under Ind AS Accounting (Indian Accounting Standards, a framework for financial reporting), it posted a Profit After Tax (PAT) of ₹449 crore, a 414% YoY growth. The GWP on N basis (Net basis, which excludes reinsurance ceded) stood at ₹5,047 crore, a 23% YoY growth.

Claims Settlement

Star Health said it has settled 1.36 million claims amounting to ₹8,900+ crore during 9M FY26. “Renewal trends were robust during 9M FY26 with 99.2% Persistency,” it said.

“Star Health remains focused on maintaining leadership in retail health and our actions towards portfolio recalibration, disciplined underwriting, prudent expense management, and technology-led delivery are translating into a stronger operating profile,” Anand Roy, CEO & Managing Director, Star Health and Allied Insurance Company Limited, said.

Healthy Investment Yield

He added that alongside the firm’s operating drivers, it has also reported a healthy investment yield of 9.6 per cent. “We are encouraged by the growth-supportive macro and policy environment and are committed towards actualising the national ambition of ‘Insurance for All’ by 2047,” Roy said.

On Wednesday, shares of Star Health Insurance closed at ₹440.00 on the NSE, up ₹14.80 or 3.48 per cent from the previous day.

Published on January 29, 2026



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Bharat Forge Ltd mourns the passing of Ajit Pawar

Bharat Forge Ltd mourns the passing of Ajit Pawar


People pay their last respects to Maharashtra Deputy Chief Minister Ajit Pawar after he was killed in a VSR Ventures-operated Learjet 45 aircraft crash in Baramati, India, January 28, 2026.
| Photo Credit:
FRANCIS MASCARENHAS

Paying tribute to Maharashtra Deputy Chief Minister Ajit Pawar, who died in an air crash at Baramati, Baba Kalyani, Chairman and Managing Director, Bharat Forge Limited, said that the state has lost a decisive and dynamic leader.

“We extend our heartfelt condolences to his family Sunetra Pawar, Parth Pawar, Jay Pawar, and the extended Pawar family during this time of profound grief,” said Baba Kalyani.

In a statement he added, “Ajit Pawar made significant contributions to Maharashtra’s development, particularly in the areas of irrigation, agriculture and rural development. A dynamic and decisive leader, his administrative capabilities and commitment to public service have left a lasting impact and will be deeply missed.”

He also expressed condolences to the families of those who lost their lives in the tragic air crash in Baramati.

Bharat Forge Limited stands in solidarity with the people of Maharashtra and prays for strength, courage and peace for everyone affected by these tragic events, the statement added.

Published on January 28, 2026



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Veranda Learning Solutions files scheme for commerce vertical demerger with NCLT

Veranda Learning Solutions files scheme for commerce vertical demerger with NCLT


The scheme was filed post the receipt of a letter with “no adverse observations” from National Stock Exchange of India Limited and BSE Limited. 

Chennai-based listed education enterprise Veranda Learning Solutions Limited has filed the scheme pertaining to the demerger of its commerce vertical with the National Company Law Tribunal (NCLT), Chennai.

The scheme was filed post the receipt of a letter with “no adverse observations” from National Stock Exchange of India Limited and BSE Limited. 

The proposed demerger of Veranda Learning’s Commerce Education business will consolidate the operations of its brands including JK Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce and Logic School of Management, into a newly incorporated entity, JK Shah Commerce Education Limited. 

The entity will offer CA, CS, CMA and ACCA test preparation across India and overseas.

“With the scheme filed before the NCLT, the commerce vertical demerger is progressing as planned and remains subject to shareholder and other statutory approvals, in line wit happlicable regulatory requirements,” the company’s exchange filing said.

Published on January 28, 2026



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Aircraft that carried Ajit Pawar holds ₹210 crore in liability insurance

Aircraft that carried Ajit Pawar holds ₹210 crore in liability insurance


Baramati, Maharasthra, 28 Jan 2026: Remains of the Learjet 45 (private jet) carrying Deputy Chief Minister Ajit Pawar crashed near the Baramati Airport runway, at Baramati, Maharasthra, on 28 January 2026.
| Photo Credit:
EMMANUAL YOGINI

The aircraft in which Maharashtra Deputy Chief Minister Ajit Pawar was travelling held ₹210 crore in liability insurance.

The aircraft of VSR aviation, solely insured by ICICI Lombard General Insurance, was valued at ₹50 crore. The private sector general insurer’s exposure under the policy is supported through adequate reinsurance arrangements.

Pawar and four other persons on board the aircraft VT-SSK were killed after it crashed near the Baramati airport in his home district of Pune on Wednesday morning. Of the total five persons on board there were two crew members.

Baramati is an uncontrolled airfield and traffic information is provided by the instructors/pilot from the flying training organisations.

VSR Ventures is a Non-Scheduled Operator (NSOP). The Initial AOP was issued on April 21, 2014. The AOP was last renewed on April 3, 2023, and is valid till April 20, 2028. The organisation currently has 17 aircraft in the fleet.

The aircraft VT-SSK was manufactured in 2010. “This aircraft has a liability limit of ₹210 crore in insurance,” sources told businessline.

ICICI Lombard expressed its deepest condolences to the families affected by the unfortunate aircraft incident.

“The aircraft was insured under an aviation insurance policy issued by ICICI Lombard. Consistent with our prudent risk management and retention framework, the exposure under the policy is appropriately supported through adequate reinsurance arrangements,” it said.

“We remain committed to the highest standards of regulatory compliance and corporate governance. Our teams are closely coordinating with the relevant authorities and stakeholders to facilitate the claims process in accordance with policy terms and applicable regulatory requirements,” the insurance company added.

Published on January 28, 2026



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