Business
‘EU-India trade talks reinforce long-term confidence’ – The Times of India
NEW DELHI: The ongoing trade negotiations between the EU and India, and New Delhi’s openness to deepening economic partnerships, reinforce confidence that there is significant scope for long-term cooperation, a top European Investment Bank (EIB) official has said but called for accelerating approvals and providing a level-playing field for global investors.“Despite the current geopolitical uncertainties in South Asia, India stands out as a country of remarkable resilience and opportunity,” Nicola Beer, vice president of the European Investment Bank (EIB) told TOI during her visit to India, during which she unveiled a string of investments from upgrading water infrastructure in Uttarakhand to metro projects in Nagpur and Pune to strengthening participation in the India Transition Fund. “For EIB, which has committed over 5.6 billion euro to India in last 20 years with more than 90% dedicated to climate action, this means India remains a highly attractive destination for investment, particularly in sectors that align with both India’s and Europe’s priorities,” said Beer. EIB is one of the world’s largest multilateral banks.She said sustainable transport is leading EIB investment in India and EIB has signed 3.6 billion euro in loans for metro projects in the country, making India the largest recipient of EIB urban mobility financing outside the EU, with metro projects in cities like Agra, Bengaluru, Pune, Nagpur, Lucknow, Bhopal and Kanpur.“Energy transition is another key area, especially renewables, energy efficiency, and grid infrastructure,” Beer said when asked about the priority sector for EIB. “These sectors not only address India’s development needs but also create opportunities for technology and investment flows between India and the EU,” said Beer.She cited the $60 million commitment to the India Energy Transition Fund, managed by EAAA Alternatives, as an example of engaging with the private sector.Beer said this fund is designed to channel equity and “last mile” financing into greenfield infrastructure and growth-stage companies, accelerating projects in renewables, energy efficiency and clean mobility.“The fund is expected to mobilise significant additional private capital, including from leading European institutional investors, and to foster innovation in areas like battery storage and circular economy.” She said while the opportunities are significant, there are still some barriers to greater European investment in India.
Business
Ministers urged to stick to ticket tout ban amid fears of delay
The Government has been urged to stick to its pledge to ban ticket touting amid concerns the policy will be left out of next month’s King’s Speech.
In November, the Government announced that new rules making it illegal to resell tickets for live events for profit would end the “industrial-scale” touting that has caused misery for millions of fans.
Ministers confirmed plans to make it illegal for tickets to concerts, theatre, comedy, sport and other live events to be resold for more than their original cost.
The Labour manifesto promised stronger protections to stop consumers being scammed or priced out of events by touts, who frequently use bots to buy tickets in bulk the moment they go on sale, which they can then sell on for huge mark-ups on secondary ticketing websites.
The proposed rules make it illegal for tickets to be sold at a price above the face value – defined as the original price plus unavoidable fees including service charges.
Service fees will be capped to prevent the price limit being undermined by platforms, which will have a legal duty to monitor and enforce compliance, and individuals will be banned from reselling more tickets than they were entitled to buy in the initial sale.
A host of globally renowned artists have backed the plan, including Radiohead, Dua Lipa and Coldplay.
Following a report in the Guardian that the minister responsible for the policy, Ian Murray, had told music industry groups not to worry if the measure was not part of the King’s Speech on May 13, the Government said it required new primary legislation that it was working to deliver at the earliest opportunity.
A Government spokeswoman said: “Ticket touts are a blight on the live events industry, causing misery for millions of fans.
“We set out decisive plans last year to stamp out touting once and for all, and we are committed to delivering on these for the benefit of fans and industry.”
The music industry and Which? raised concerns about the suggestion of any delay, as sites appeared to show touts selling tickets for the Radio 1 Big Weekend in Sunderland well above the two-ticket limit for buyers and at vastly inflated prices.
Annabella Coldrick, chief executive of the Music Managers Forum, said: “2026 was supposed to mark this Government moving ‘from announcements to action’ but we have little evidence of this to date.
“A ban on ticket touting was one of only two music-related commitments in the Labour manifesto, alongside fixing EU touring.
“These are widely supported, pro-growth measures that will deliver tangible benefits to the British public. However, if ticket resale legislation is not presented in the King’s Speech, it will have the opposite effect and continue to cost those constituents hundreds of millions of pounds a year.
“This Government needs to stand by its promises and get it done.”
Adam Webb, campaign manager at FanFair Alliance, said: “The Government has a big decision to make: will they ‘put fans first’ or not?
“Last November, ministers committed to ‘bold new measures’ to ban online ticket touting and support consumers.
“Enacting these measures should be a no-brainer but, if legislation is not presented in the upcoming King’s Speech, the cycle of industrial-scale exploitation will continue.”
Lisa Webb, consumer law expert at Which?, said: “The Government has promised to put fans first but, if this legislation is not included in the King’s Speech, the only ones celebrating will be the rip-off secondary ticketing websites and online touts.”
Business
Warner Bros shareholders approve Paramount’s $111bn takeover
The approval came as Donald Trump is to attend a dinner with billionaire Paramount backers the Ellisons.
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Business
France Ends Airport Transit Visa Requirement for Indian Travellers | Business – The Times of India
France has lifted the airport transit visa requirement for Indian nationals with effect from April 10, the French Embassy in India announced on Thursday.Indian nationals holding ordinary passports are no longer required to obtain an airport transit visa when passing through the international zone of airports located on French territory during a layover en route to a third country.The change follows a decree amending the 2010 regulations on documents and visas required for the entry of foreigners into French territory. The decree was adopted and published in the French Official Gazette (Journal Officiel) on April 9, 2026.MEA welcomes the moveThe Ministry of External Affairs welcomed the announcement.“We welcome the announcement on the operationalisation of visa-free transit for Indian nationals transiting through French airports,” MEA Spokesperson Randhir Jaiswal said.He recalled that the removal of the transit visa requirement for Indian passport holders was agreed between Prime Minister Narendra Modi and French President Emmanuel Macron during their meeting in Mumbai in February this year.“The government of France has now operationalized this agreement,” Jaiswal added.Who benefitsThe measure applies to Indian nationals transiting through mainland France exclusively by air, remaining in the international airport zone without entering French territory.President Macron had announced during his visit to India in February that measures would be taken to ease travel for Indian nationals via France.
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The updated procedures have been reflected on the France-Visas platform.
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