Spanish banking giant Santander, has announced that it plans to cut down 1,900 jobs in its three British arms in the coming year.

Earlier this year, Europe's second-biggest bank, Santander has acquired two banks .

According to reports, the company’s third quarter net profit rose 4.3 per cent to 2.2 billion euros.

CRISIL, a leading credit rating agency, has decided to sell 90% of its equity stake in its United Kingdom arm, Gas Strategies Group (GSG).

According to sources, the company would sell the stake to the management team of its UK arm. 
 
The sources further disclosed that the remaining 10% stake will be hold by CRISIL.

Gas Strategies Group offers consulting, training and information services for the worldwide gas and liquefied natural gas (LNG) business.
 

Tata Elxsi, a leading Bangalore based information technology conglomerate has announced that it proposes to set up Design studio in UK
According to the sources, this design studio will offer a range of high value services to clientele in the European region with a worldwide perspective.

The sources further revealed that this is the first of a network of global design studios, which will connect into IDE, the industrial design division of Tata Elxsi in Bangalore.

Corus, Europe’s second major steel producer, has informed that it has sold its 50 percent stake held in GrantRail Group to its joint venture (JV) partner, VolkerWessels.

The conglomerate is a an arm of Tata Steel.

According to the sources, GrantRail Group is a leading provider of rail infrastructure services and is not a part of Corus` core business i.e. steel production activities.

Scrip of Tata Steel closed at Rs 155, up 3.19 percent on National Stock Exchange (NSE). The total volume of shares traded at NSE was 8,391,877.

Indian telecom major Tech Mahindra has made announcement that the company will soon open a call centre at Jarrow, South Tyneside, and anticipates to create 500 jobs in the UK.

According to sources, Tyneside regional development agency, One North East has given the firm £2 million grant to bring the conglomerate to the area.

Tech Mahindra, which is working jointly for BT (British Telecom), will recruit about 500 IT and call centre staff over five fiscals for the centre at the Viking business park in Jarrow.

UK-based real estate major Eredene Capital has announced that it planned to pump around Rs 40 crore for building a Container Freight Station (CFS) near the Ennore port, partnering with Chennai-based Sattva Business Group.

While commenting on the plans, Mr. Nikhil Naik, Chairman, Eredene Infrastructure Pvt Ltd remarked, “We would be investing around 85 per cent of the stake through (FDI) and the remaining 15 per cent would be shared by Sattva Business Group for setting up the CFS at Ennore port.”