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PRODUCTION SHUTDOWN
JLR projects revenue growth and return to profit in FY27, doubles down on USJaguar Land Rover anticipates a strong comeback in financial year 2027. The company projects a 13% revenue increase and a return to profita...- US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materialsAmerica is investing heavily in its chip industry. The US government has given a massive $500 million to SandboxAQ. This company will devel...
- Starbucks Korea to shut 2,000 stores to teach history lessons to employeesStarbucks Korea is closing over 2,000 stores for mandatory history and social sensitivity training after a marketing campaign sparked outra...
- Ukrainian attacks push Russian oil output 10% below target in May, IEA saysRecent Ukrainian assaults on Russian oil installations are severely curtailing production levels. Last month saw a notable decline in crude...
- Tata says India pollution board drops scrutiny of Apple iPhone parts plantTata Electronics, an Apple supplier, has cleared pollution concerns at its iPhone plant in Tamil Nadu. The state pollution control board dr...
- Moscow oil refinery damaged in Ukrainian drone attack: Moscow Mayor Sergei SobyaninA Ukrainian drone struck a Gazpromneft oil refinery near Moscow. The facility sustained damage. No casualties were reported. Emergency serv...
- Crop prices drop as Hormuz reopening to ease farm-input shockThe development, stemming from an interim US-Iran agreement, could alleviate food inflation fears fueled by the Middle East conflict.
- Morbi's ceramic Kilns blaze again as fuel supply crisis easesWith the dust settling from the Iran war, Morbi's ceramic industry has emerged from its hiatus, bringing workers back to the bustling facto...
- Indian officials survey farms around Tata iPhone parts plant after water pollution warningGovernment officials are inspecting farmland near Tata's iPhone parts factory in Hosur. This follows reports that wastewater discharge from...
- US-Iran peace deal brings relief, but India turns to a risk at homeIndia just got a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakness and potential El Niño conditio...
- America's shutdown of Anthropic's AI models is not a surprise. And India has seen it coming for 30 yearsThe US government's export control order on Anthropic's advanced AI models, blocking non-American nationals, highlights a long-standing Ind...
- IIT Madras develops indigenous pilot plant to process 100 tonnes of eWaste per yearIIT Madras researchers have created a pilot plant in Tiruchirapalli. This facility can process 100 tonnes of electronic waste annually. It ...
- Two phones and an app: How Russians skirt Putin's digital iron curtainSince the Kremlin ratcheted up control over the internet this year, Russians have been turning to increasingly convoluted technical solutio...
- Project Glasswing melts: US government suspends early access to Anthropic's Fable 5, Mythos 5 within days of rolloutIndia's brief access to advanced AI models from Anthropic has ended. A US government directive halted local access to Mythos 5 and Fable 5....
- Tata's Apple iPhone factory in Tamil Nadu faces shutdown threat over farmland water contamination; pollution body seeks explanationAn Indian pollution regulator has accused Tata Electronics, a key supplier for Apple's iPhones, of contaminating groundwater near its Hosur...
- Maintenance of Srinagar International airport runway necessary: AAISrinagar International Airport will undergo runway maintenance. Flights will be affected on Mondays and Tuesdays starting July. A complete ...
- Hormuz oil traffic rebounds as Gulf exporters find workarounds: ReportOil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Was...
- Majority of Indian firms face persistent external disruptions: ReportIndian businesses face talent challenges due to external disruptions. Climate shocks, infrastructure issues, and health outbreaks are affec...
- JSW Steel crude steel production rises 15% to 22.93 LTJSW Steel reported a significant 15 percent jump in crude steel production for May. The company produced 22.93 lakh tonnes, a notable incre...
- Vedanta's Zambian unit shuts copper smelter for maintenanceVedanta's Konkola Copper Mines has begun a 60-day shutdown of its Nchanga smelter in Zambia for essential maintenance. This move aims to bo...
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