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Jaguar Land Rover will get backing from the UK govt for a 1.5-billion-pound ($2 billion) loan aimed at easing the strain on suppliers hit by a production halt at the carmaker that was triggered by a cyberattack.The loan, to be provided by a commercial bank and guaranteed by UK Export Finance, will be repaid over…
The UK government has announced a loan guarantee of up to £1.5 billion ($2 billion) to support Jaguar Land Rover (JLR) after a major cyberattack forced the carmaker to suspend production at its UK factories, the trade minister said on Sunday.JLR, the Tata Motors-owned luxury automaker, said earlier this month it was hit by hackers,…
Flipkart’s Big Billion Days 2025 sale has run into trouble as customers report widespread cancellations and delays of smartphone orders — particularly the iPhone 16. The smartphone was advertised at a special price of Rs 52,999 in the Flipkart Big Billion Day sale. Despite completing payments, many buyers found their orders either abruptly cancelled or…
LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its updated…
Accenture, the global IT services and consulting firm with a significant Indian workforce, reported a 7 per cent year-on-year increase in revenue to $17.60 billion for the June-August 2025 quarter, reflecting steady client demand and digital transformation projects, the company said on Thursday. The growth included a 2.5 per cent foreign-exchange impact, PTI reported.Julie Sweet,…
The US Treasury is in discussions with Argentina to provide a $20 billion swap line to the South American country’s central bank, Treasury Secretary Scott Bessent said Wednesday, as right-wing President Javier Milei seeks to stabilise markets ahead of upcoming midterm elections. Following the announcement, the Argentine peso gained 2.4 percent to 1,333.90 per dollar.“The…
PhonePe plans $1.5 billion IPO PhonePe Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) late Tuesday night, taking the confidential route.The company confirmed the development and said the filings were made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, reported ET.PhonePe…
Nvidia and OpenAI have announced a massive partnership, with the US-based chipmaker committing to invest $100 billion in the ChatGPT-maker and supply it with advanced data centre chips. The deal brings together two of its most influential companies in the artificial intelligence (AI) sector.According to a report by news agency Reuters, the collaboration involves two…
India’s pharmaceutical market grew 8.1% in August as compared with the same month last year, according to data from IQVIA quoted in an HDFC Securities report. The growth follows a 7.1% rise in July and is close to the 8% pace seen through FY25. However, unit sales in August slipped 0.8%.The steady performance was led…
India will enter the Asia Cup Super 4s with an unbeaten record. Their first match is against Pakistan on September 21. (Getty Images) TimesofIndia.com in Abu Dhabi: In Suryakumar Yadav‘s 12-minute press conference, six questions were asked about the India-Pakistan match scheduled to be played at the Dubai International Stadium on Sunday. Interestingly, throughout the…
