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Corporate

JLR Extends Production Shutdown to October 1 After Cyberattack

Jaguar Land Rover (JLR), the luxury carmaker owned by Tata Motors, said on Tuesday that its production lines in the U.K. will remain shut until at least October 1 after suffering a cyberattack that struck earlier in September, further compounding losses and rippling through its extensive supplier network.

The company had initially halted operations on August 31 following the cybersecurity breach. Factories in central and northwest England were shut, and more than 30,000 direct employees were told to stay home. In making this latest extension, JLR said it wished to provide “clarity for the coming week as we build the timeline for the phased restart of our operations and continue our investigation.”

JLR has stated that its technical teams are working around the clock with cybersecurity specialists, the U.K. National Cyber Security Centre and law enforcement agencies to ensure that production resumes in a safe, secure and controlled manner. The automaker’s retail operations and dealerships remain open, and it said it is supporting suppliers, colleagues and customers through the disruption.

The decision to prolong the shutdown places mounting pressure on both the company and its supply chain. JLR estimates its three U.K. plants, collectively producing roughly 1,000 vehicles a day, are losing tens of millions of pounds per week in foregone output. Moreover, JLR’s supply chain—which supports over 100,000 jobs in Britain—is already under severe strain. Many smaller suppliers, which depend heavily on just-in-time deliveries to meet production schedules, have reportedly scaled back operations or laid off workers.

Labour unions, particularly Unite, have raised concerns that longer shutdowns may lead to permanent job losses among suppliers if financial relief or support is not forthcoming. UK ministers, including Business Secretary Peter Kyle and Industry Minister Chris McDonald, are due to visit affected sites and meet with supply chain firms to assess damage and explore possible support measures.

Despite the severity of the operational disruption, JLR has said that no customer data was compromised in the incident. The company’s global operations, retail channels, and post-sales support have all been impacted, but only internal production systems were fully disabled. The precise nature of the attack remains under investigation.

In India, the announcement also caught market attention: Tata Motors shares dropped nearly two per cent from their intraday highs following the update, reflecting investor concerns over lost production, revenue disruption, and implications for future profitability.

The extension to October 1 represents a second postponement; earlier, production was expected to resume by September 24. The delay underscores the complexity of recovering from cyberattacks in an industry increasingly dependent on digitised operations and interconnected supply chains.

JLR said that the pause is needed not only to restore technical systems but to validate new controls, test security postures, and assure both suppliers and regulators of safety. It also emphasised that when operations resume, it will be in a phased manner.

The incident adds to the growing narrative of cybersecurity as a critical risk for automotive manufacturers. In an era when modern vehicle production, parts ordering, diagnostics, and even vehicle licensing are embedded in digital systems, disruptions of this kind bring not only financial consequences but reputational risk.

As JLR works toward a safe restart, the broader industry is watching closely. The stakes are high: failure to resume smoothly or to support suppliers effectively could have long-term implications for jobs, competitiveness, and the resilience of the U.K. automotive sector.

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Corporate

Cochin Shipyard Inks Strategic Deal With South Korea’s HD KSOE

In a landmark move designed to propel India towards global shipbuilding leadership, Cochin Shipyard Limited (CSL) has signed a strategic agreement with HD Korea Shipbuilding & Offshore Engineering (HD KSOE).

The partnership, announced on the sidelines of the “Samudra se Samriddhi” event in Gujarat, aims to blend CSL’s domestic infrastructure and expertise with HD KSOE’s advanced technology and global market access.

The collaboration is a key pillar in India’s ambitious Maritime India Vision (MIV) 2030 and Maritime Amrit Kaal Vision (MAKV) 2047, which seek to position the country as a major global shipbuilding and repair hub.

The agreement outlines the joint construction of large and next-generation vessels, including Suezmax tankers and Capesize bulk carriers, leveraging CSL’s new 310-metre dry dock in Kochi.

This facility, inaugurated in January 2024, can build up to six such vessels annually. The partnership also involves knowledge sharing, workforce upskilling, and exploring new business areas.

CSL is supporting this expansion with investments, including approximately ₹3,700 crore for a new Block Fabrication Facility in Kochi. This facility is expected to create around 2,000 direct jobs. CSL is also considering a significant greenfield investment in Tamil Nadu, potentially with HD KSOE, to establish a new shipyard.

This collaboration aligns with India’s Atmanirbhar Bharat initiative. Partnering with HD KSOE, a subsidiary of HD Hyundai, provides access to advanced technology, enhancing efficiency and competitiveness.

For HD KSOE, it offers entry into India’s growing maritime market, supported by government policies.

Analysts believe the deal will help CSL enter the higher-value segment of commercial vessel construction.

The combination of technological expertise and increased production capacity is expected to strengthen CSL’s global standing and boost India’s share in the global shipbuilding market.

The partnership represents a significant step for Indian shipbuilding, aiming for global competitiveness and technological advancement in line with national maritime goals.

Also Read: Apple Enters India’s Top 5 as Smartphone Market Grows 2% in H1 2025

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SAP Deepens India Commitment with Sovereign Cloud and Massive Campus Expansion

SAP’s strategic focus on India is intensifying, evidenced by the recent launch of its Sovereign Cloud offering and the inauguration of a sprawling new campus in Bengaluru. This two-pronged approach highlights India’s critical role in SAP’s global growth strategy, particularly in the fields of cloud technology and Artificial Intelligence (AI).

Sovereign Cloud for Secure Data within India

On September 19, SAP unveiled its Sovereign Cloud in India, a significant development designed to meet the stringent data residency and compliance requirements of Indian government agencies and regulated industries like banking and healthcare.

This initiative empowers these organizations to leverage advanced cloud and AI solutions while ensuring their sensitive data remains within India’s borders, according to ANI News. Martin Merz, President of SAP Sovereign Cloud at SAP-SE, confirmed a global investment of 20 billion euros in sovereign cloud infrastructure, with India being a key beneficiary.

The offering aligns fully with India’s National Information Security Policy & Guidelines (NISPG) and the new Digital Personal Data Protection Act, 2023, providing a secure, compliant, and future-ready digital ecosystem.

Bengaluru Innovation Park: A Hub for Global R&D

Further demonstrating its commitment, SAP Labs India inaugurated its second campus in Bengaluru in August 2025. Named the SAP Labs India Innovation Park, this expansive 41-acre facility, built with a €194 million investment, is poised to become a major global hub for SAP’s research and development efforts.

It is designed to accommodate up to 15,000 professionals, underscoring India’s importance in SAP’s talent strategy.

This new campus will focus on cutting-edge areas including product engineering, enterprise AI, and customer support, serving both local and global clients. Notably, it houses India’s second SAP experience center and a Secure Operational Facility purpose-built to meet the exacting security requirements of Indian national security authorities. According to The Indian Express, the campus is located in Devanahalli, near Bengaluru’s international airport.

Investing in Talent and AI Future

SAP sees India as its fastest-growing market among its top 10 globally and is prioritizing talent development and AI innovation within the country. The company plans to hire “over proportionally” in India compared to other global locations, focusing on AI-first skills. IBEF also reports that SAP is directing a large portion of its research and development investments to India. SAP Labs India is responsible for a significant portion of the development of SAP’s AI co-pilot, Joule. The company is also collaborating with academic institutions and training programs like EduBridge to foster AI talent and address the evolving needs of the digital landscape.

These concerted investments in sovereign cloud infrastructure, R&D facilities, and talent underscore SAP’s long-term vision for India as a pivotal innovation engine and a crucial market for its cloud and AI solutions.

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Corporate

JBM Auto Partners with Al Habtoor Motors to Launch Electric Buses in UAE

In a significant development in the electric mobility sector, JBM Electric Vehicles, a subsidiary of JBM Auto Ltd., has entered into a strategic partnership with Al Habtoor Motors, a leading automobile distributor in the UAE. This collaboration aims to introduce next-generation electric buses to the UAE market, supporting the nation’s ambitious Net Zero by 2050 initiative.

Under the terms of the agreement, Al Habtoor Motors will serve as the exclusive importer and distributor of JBM’s electric buses in the UAE. The partnership is set to enhance the country’s public transportation infrastructure by providing sustainable, low-emission mobility solutions. The electric buses will be deployed across various segments, including urban city transit, school and staff transport, airport tarmac operations, and intercity tourist coaches.

Nishant Arya, Vice Chairman and Managing Director of JBM Auto, emphasized the strategic importance of the UAE market for the company. He stated, “The UAE is a strategic market for JBM Electric Vehicles. We are eager to contribute to the UAE government’s vision of sustainable transport.” This collaboration underscores JBM Electric Vehicles’ commitment to expanding its global footprint and promoting clean energy solutions in the transportation sector.

The partnership aligns with the UAE’s broader environmental goals, aiming to reduce carbon emissions and operating costs while enhancing passenger comfort. The electric buses are equipped with advanced lithium-ion battery systems, smart charging capabilities, and comprehensive safety features designed to meet the UAE’s climate and regulatory standards.

Ahmed Al Habtoor, CEO of Al Habtoor Motors, highlighted the significance of the partnership in advancing the region’s green mobility agenda. He remarked, “This partnership represents a significant milestone in our journey toward green mobility. Together, we aim to be among the top two e-mobility players transforming the clean public mobility landscape in the region.”

The collaboration also leverages JBM Electric Vehicles’ E-verse platform, an integrated EV ecosystem that includes electric buses, charging infrastructure, and leasing services. This holistic approach aims to provide a seamless and efficient electric mobility solution for the UAE’s public transportation network.

The announcement of the partnership has had a positive impact on JBM Auto’s stock performance. Shares of the company rose over 6% on the day following the announcement, reflecting investor confidence in the company’s strategic move into the UAE market.

This partnership marks a significant step in the global transition toward sustainable transportation solutions. By combining JBM Electric Vehicles’ expertise in electric mobility with Al Habtoor Motors’ strong local presence and distribution network, the collaboration is poised to play a pivotal role in shaping the future of public transport in the UAE.

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Beyond

GST 2.0 Reforms to Put ₹2 Lakh Crore Back in People’s Hands: Sitharaman

Union Finance Minister Nirmala Sitharaman has said that the sweeping Goods and Services Tax reforms that come into effect from September 22, 2025 will leave about ₹2 lakh crore more in the hands of Indian households, boosting domestic consumption significantly. Speaking at the 80th anniversary of the Tamil Nadu Foodgrains Merchants Association in Madurai, she emphasized that the simplification from the earlier four tax slabs to two—5% and 18%—is meant to ensure that the poor, middle-class families, and MSMEs benefit most from the changes.

Sitharaman explained that the new “GST 2.0” structure will move almost all items taxed at 12% into the 5% category, and a large portion of those taxed at 28% into the 18% slab. Essential items such as everyday household goods, certain foods, and agricultural inputs will see sharp reductions in tax rates, while the higher slab will apply to standard goods. There will also be a 40% rate reserved for luxury and “sin” goods—such as tobacco, pan masala and aerated drinks—but the implementation of that higher rate for some of these items will be phased.

She said that because of the two-slab structure, many goods consumers buy regularly will become cheaper, encouraging greater spending. Industries are expected to respond by increasing production, thereby creating more jobs and expanding the tax base. Sitharaman pointed out that entrepreneur registrations under GST have risen sharply since 2017: from about 65 lakh to 1.51 crore, which she says reflects growing participation in the formal economy.

The government is also easing procedural burdens: registration and return filing processes will be simplified, refunds sped up, and compliance for MSMEs reduced. These reforms follow decisions taken at the 56th GST Council meeting, and official notifications have been issued to operationalize the changes.

Critics, however, have questioned why the rate-cuts have taken eight years to implement and whether the benefits will reach all categories of consumers equally. Some business analysts warn that while the tax burden will fall on many products, certain goods still in higher slabs or under the luxury/sin category may not see relief, and the timing of adjustments will matter for low income households.

Overall, the government’s claim is that GST 2.0 will stimulate demand, improve affordability, and ensure that taxation is simpler, fairer, and more inclusive, especially for those who were previously bearing heavier indirect tax burdens.

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Rupee Strengthens to 87.81 Against Dollar Amid Fed Rate Cut Hopes

The Indian rupee opened higher on Wednesday, September 17, 2025, appreciating 28 paise to 87.81 against the U.S. dollar in early trade. The rise came as the dollar softened globally, driven by expectations of a 25-basis-point rate cut by the U.S. Federal Reserve. Investors are closely watching the Fed’s policy meeting and upcoming commentary from the Fed Chair for further guidance on interest rate direction.

At the interbank foreign exchange market, the rupee opened at 87.84 before strengthening to 87.81, building on a 7-paise gain recorded on Tuesday when it closed at 88.09 against the dollar. Analysts noted that the USD/INR pair is likely to remain volatile amid the softer dollar and the Reserve Bank of India’s monetary stance. However, they cautioned that medium-term downward pressures on the rupee may persist due to external factors and policy uncertainties.

The dollar index, which tracks the U.S. currency’s strength against a basket of major currencies, was trading slightly higher at 96.73, while Brent crude oil futures dipped 0.20% to $68.33 per barrel. Market experts highlighted that the weaker dollar environment, coupled with optimism from ongoing U.S.-India trade talks, provided additional support to the rupee. Analysts suggested that if the rupee decisively breaks below the 87.90 level, it could move toward 87.50, and potentially even 87.20 if the momentum continues. Resistance for the currency was seen around 88.20 in the near term.

On the domestic equity front, Indian benchmark indices continued their upward trajectory in early trade. The Sensex rose 262.74 points to 82,643.43, while the Nifty 50 climbed 85.25 points to 25,324.35. Foreign institutional investors were net buyers on Tuesday, purchasing equities worth ₹308.32 crore, reflecting continued overseas investor confidence.

The positive market sentiment was further bolstered by developments in U.S.-India trade relations. Talks between U.S. trade negotiator Brendan Lynch and Indian counterpart Rajesh Agrawal were described as constructive, with both sides making progress on a proposed bilateral trade framework. This comes after a period of tension in the bilateral relationship following U.S. President Donald Trump’s decision to impose higher tariffs on Indian goods, including a 50% duty on select items and an additional 25% tariff related to India’s purchase of Russian crude oil.

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Textile Stocks Rally on September 16 Amid Renewed Hopes for India-US Trade Talks

Textile stocks surged on September 16, buoyed by renewed optimism surrounding trade discussions between India and the United States. The uptick comes as trade negotiator Brendan Lynch from the Office of the US Trade Representative (USTR) arrived in India to discuss ongoing trade issues between the two nations.

While Special Secretary Rajesh Agarwal clarified that Lynch’s one-day visit is not the sixth round of formal trade negotiations, but rather a consultation to “discuss trade issues,” investors are hopeful that these talks could pave the way for easing trade tensions that have weighed on bilateral commerce in recent months.

India and the US began negotiations for a Bilateral Trade Agreement (BTA) in March this year and have conducted five rounds of discussions, with the latest held in July in Washington, DC. However, relations soured after President Donald Trump announced a hike in tariffs on Indian goods, doubling them to 50 percent. As a result, the next round of trade talks, initially scheduled for late August in New Delhi, was postponed.

In recent days, relations appear to have improved. Both leaders signaled intent to revive trade discussions, with Trump referring to Prime Minister Narendra Modi as a “dear friend” and expressing optimism about the prospects of enhanced trade cooperation. Modi, in turn, reaffirmed the strong partnership between India and the US and expressed confidence that ongoing talks could unlock new opportunities for both economies.

Finance Minister Nirmala Sitharaman confirmed that India’s diplomatic team remains actively engaged in negotiations. Trump also posted on his social media platform Truth Social, stating, “I am pleased to announce that India, and the United States of America, are continuing negotiations to address the Trade Barriers between our two Nations.”

The positive signals from both sides have reignited investor confidence, particularly in the export-driven textile sector, which stands to benefit from a resolution to trade disputes. Indo Count Industries led the gains with a nearly 10 percent jump, closing at Rs 307.79 per share. KPR Mill shares surged 7 percent to Rs 1,121.80, while Pearl Global Industries rose by nearly 6 percent. Raymond Lifestyle shares gained close to 4 percent, and Arvind shares climbed approximately 2 percent.

With easing tensions potentially restoring trade flows and boosting exports, textile companies are well placed to benefit from renewed diplomatic efforts. Investors will be closely watching developments as further discussions unfold between the two economic powerhouses.

Also Read: Wipro and CrowdStrike Launch AI-Driven CyberShield MDR to Boost Enterprise Security

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Corporate

Wipro and CrowdStrike Launch AI-Driven CyberShield MDR to Boost Enterprise Security

Wipro Limited has strengthened its collaboration with U.S.-based cybersecurity firm CrowdStrike by launching Wipro CyberShield MDR, an AI-powered managed security service aimed at helping organizations tackle increasingly complex cybersecurity threats. The new offering combines Wipro’s global security expertise with CrowdStrike’s advanced threat intelligence platform, providing enterprises with a unified and automated approach to detecting, investigating, and responding to cyberattacks.

Enterprises today are burdened by fragmented security tools and a flood of alerts, making it difficult to distinguish between genuine threats and false alarms. Many organizations struggle to integrate security operations across endpoints, cloud workloads, identities, and data, leading to gaps in visibility and delayed incident response.

Wipro CyberShield MDR addresses these issues by offering a consolidated security framework that improves detection and response times while reducing operational inefficiencies.

At the heart of CyberShield MDR is the Falcon Next-Gen Security Information and Event Management (SIEM) platform from CrowdStrike, which uses artificial intelligence and machine learning to identify threats in real time.

By analyzing large volumes of data across enterprise environments, the solution helps security teams quickly pinpoint malicious activities and prioritize responses based on severity and risk.

The service also automates incident response processes, enabling organizations to contain threats faster and reduce the potential damage of cyberattacks. Wipro’s eight Cyber Defense Centers (CDCs) located across the globe ensure that clients benefit from 24/7 monitoring and expert support, no matter where they operate. This global infrastructure allows Wipro to provide consistent, high-quality protection against the constantly evolving threat landscape.

Wipro CyberShield MDR is designed not only to enhance technical capabilities but also to simplify security management. It offers centralized visibility, bringing together data from disparate tools and systems into one cohesive platform. This helps security teams make informed decisions, respond faster, and reduce the complexity of managing multiple solutions.

With cyberattacks becoming more sophisticated and frequent, organizations need robust, adaptive security solutions to stay ahead of threats. The partnership between Wipro and CrowdStrike reflects a shared vision of making advanced cybersecurity accessible and efficient for enterprises worldwide. By leveraging artificial intelligence, automation, and expert-driven processes, Wipro CyberShield MDR offers a forward-looking approach to safeguarding digital assets and maintaining business continuity.

The launch of this service marks a significant step in Wipro’s commitment to innovation and security, positioning it as a key player in the global cybersecurity space. Through this partnership, Wipro aims to empower businesses to confidently face cyber risks and maintain resilient operations in an increasingly interconnected world.

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Government Extends ITR Filing Deadline to September 16 Amid Portal Glitches

The Indian government has extended the deadline for filing Income Tax Returns (ITR) for Assessment Year 2025-26 by one day, moving it from September 15 to September 16, 2025. This decision comes in response to widespread technical issues reported on the Income Tax Department’s e-filing portal, which hindered taxpayers from completing their filings on time.

On the final day of the original deadline, users across the country experienced slow page loading, errors in uploading forms, and repeated system failures while submitting their returns. These issues were particularly pronounced during peak hours, leading to significant frustration among taxpayers and tax professionals. In light of these challenges, the Central Board of Direct Taxes (CBDT) announced the extension late on Monday night, providing an additional day for taxpayers to file their returns without incurring penalties.

The extension reflects the government’s responsiveness to user concerns and aims to facilitate smoother compliance with tax filing obligations. Taxpayers are encouraged to complete their filings promptly to avoid any further complications.

For those still in the process of filing, the Income Tax Department has provided troubleshooting steps to address access issues, including trying different browsers or clearing cache. Additionally, the portal will remain in maintenance mode from 12:00 AM to 2:30 AM on September 16 to facilitate necessary updates.

As of the latest reports, over 7.3 crore ITRs have been filed, surpassing last year’s record of 7.28 crore. The brief extension is intended to assist those who have yet to complete their filings.

Taxpayers are advised to utilize this additional time to ensure their returns are accurately filed and e-verified to avoid any potential issues.

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Gadkari Calls for Vehicle Scrappage Drive to Boost Industry, Jobs and Clean Energy

Union Minister Nitin Gadkari on Friday made a strong appeal to the automobile sector, saying that India could unlock Rs 40,000 crore in Goods and Services Tax (GST) if the country’s 97 lakh unfit and polluting vehicles were scrapped. Speaking at the ACMA Annual Session 2025, Gadkari highlighted that the clean-up initiative would not only enhance government revenue but also create 70 lakh jobs and accelerate India’s ambition to become the world’s leading automobile industry within the next five years.

Gadkari’s pitch comes at a time when progress under the Vehicle Scrapping Policy, also known as the Voluntary Vehicle Fleet Modernization Program, has been modest. Up to August 2025, only 3 lakh vehicles, including 1.41 lakh government-owned ones, have been scrapped. On average, 16,830 vehicles are being phased out monthly, while the private sector has invested Rs 2,700 crore in building the scrappage ecosystem.

Urging automobile manufacturers to support the policy, Gadkari proposed offering at least a 5 percent discount to customers who present a scrappage certificate when purchasing new vehicles. “It is not charity, because it is going to increase the demand,” he said, emphasizing that the cycle of scrapping and replacement would strengthen the industry’s growth prospects.

Gadkari also pointed out that effective implementation of the policy could reduce the cost of automobile components by 25 percent, as recycled materials like steel and aluminium would be reintroduced into the supply chain. At the same time, removing unfit vehicles would significantly cut emissions, reduce fuel consumption, and improve road safety.

Underlining India’s long-term vision, he expressed confidence that the country’s automobile industry, currently worth Rs 22 lakh crore, could overtake China’s Rs 47 lakh crore and the US’s Rs 78 lakh crore sectors within five years. He further linked this ambition to energy security, noting that India’s Rs 22 lakh crore annual fossil fuel import bill was unsustainable. Gadkari advocated for scaling up ethanol production and blending it more heavily with petrol, citing Brazil’s 27 percent ethanol-blended fuel as a successful example.

The minister also addressed road safety concerns, highlighting the alarming statistics of 5 lakh accidents and 1.8 lakh deaths in 2023, with a majority involving young adults aged 18–34. He described fuel policy, vehicle scrappage, and safety as integral to national security amidst global instability.

Looking ahead, he said that the Automotive Research Association of India (ARAI) is testing E27 fuel compatibility, and once cleared, the proposal will proceed to the petroleum ministry and then to the Cabinet. Gadkari’s vision ties environmental action, economic growth, and energy independence into a unified strategy for India’s future.

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