Tata Motors faces a potential $2.1 billion tariff hit on Jaguar Land Rover due to new US trade measures, according to Chairman N Chandrasekaran. Mitigation plans aim to reduce this impact to $790 million. Chandrasekaran addressed shareholders at Tata Motors' AGM, his first appearance since the Air India flight incident.
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A public disagreement has erupted between Anthropic and Nvidia, sparked by Nvidia CEO Jensen Huang's misrepresentation of Anthropic's stance on AI development. Anthropic refuted Huang's claim that its CEO, Dario Amodei, believes AI is too dangerous for widespread development. The company clarified Amodei advocates for AI transparency and acknowledges concerns about AI's potential impact on employment.
The Assam government has issued a shoot-at-sight order in Dhubri, a town bordering Bangladesh, following communal tensions. Chief Minister Himanta Biswa Sarma cited a "communal group" attempting to destabilize the region, including alleged poster campaigns advocating for Dhubri's integration with Bangladesh.
India will face Pakistan in Colombo on October 5 during the 2025 Women’s ODI World Cup, hosted by India and Sri Lanka. The marquee clash follows a hybrid model due to political tensions, with Pakistan’s matches held in neutral Sri Lanka.
Following Israeli strikes on Iranian military sites, Air India rerouted or turned back at least 16 international flights, including those from London, Toronto, and New York, due to the closure of Iranian airspace. Passengers faced significant disruptions, with the airline offering refunds and rescheduling options. The airline is offering full refunds or complimentary rescheduling to affected passengers and is arranging accommodation where necessary.
Deepak Parekh disclosed that Chanda Kochhar once suggested a merger between ICICI Bank and HDFC. Parekh declined the offer. He cited regulatory pressure as the main driver for HDFC's eventual merger with HDFC Bank. Parekh described the merger's conclusion as both sad and happy. He emphasized the need for larger Indian banks through acquisitions.
Former NFL star Antonio Brown faces serious legal trouble. A warrant has been issued for his arrest in Miami-Dade County, accusing him of attempted murder with a firearm. The charges stem from an altercation outside a celebrity boxing event in May. Surveillance footage allegedly shows Brown firing shots at a man, who sustained injuries.
The Enforcement Directorate's summons to senior advocates Datar and Venugopal drew strong condemnation from legal bodies like the SC Bar Association and SCAORA. They argued the summonses undermine the independence of the bar and attorney-client privilege protected by the Bharatiya Sakshya Adhiniyam, 2023. Concerns were raised about a chilling effect on legal professionals providing honest opinions.
Following Israeli strikes on Iran's Natanz nuclear facility, the IAEA warns of potential radiological and chemical contamination, though external radiation levels remain normal. Damage is confirmed at Natanz and Isfahan, raising global concerns, while the UN criticizes Israel's Gaza operations, citing 'horrifying' Palestinian suffering and urging immediate action to halt the violence.
As tensions escalate between Israel and Iran, China remains cautious, offering rhetorical support but avoiding military intervention. Despite a strategic partnership and economic ties, Beijing prioritizes its own interests, including energy security and avoiding entanglement in a conflict with US-backed forces. China's approach reflects a broader strategy of non-interference and risk aversion in the Middle East.
Air India faced disruptions with three international flights cancelled due to maintenance, technical issues, and volcanic activity near Bali, impacting passengers who had already boarded. The airline is working to rebook passengers and offers refunds or rescheduling. These cancellations follow increased scrutiny of Air India's Boeing 787 fleet after a recent crash, leading to intensified checks and coordination efforts.