Short news for quality minds. Power your niche.Smartly curated short news for quality minds. Want your own niche feed? Integrate with us today.
India's core sector growth eased to a three-month low of 4.8 percent in August. Contractions in coal, natural gas, crude oil, and fertiliser production hurt the index. However, cement and electricity showed strong growth, helping the sector. Many components struggled, but construction-linked activity stayed steady as the government kept spending money.
Stellantis took full control of its Thiruvallur plant and plans a 160% production ramp-up by 2028. The facility currently makes four Citroen models. CEO Shailesh Hazela said, "We continue to see significant opportunities ahead." The company also aims to double its shopfloor workforce as it expands its Indian manufacturing ecosystem further.
Microsoft India President Puneet Chandok said India could become a benchmark for AI infrastructure across Asia. Microsoft is expanding its data-centre capacity and R&D footprint in the country. Chandok noted, "We'll continue to invest in the country," as the company builds its new AI-ready region in Hyderabad to support growth.
Noel Tata opposed the extension of N. Chandrasekaran’s term during a September 17 board meeting. Tata Trusts later called the decision a “legal nullity.” The dispute started after the RBI rejected a request to avoid listing. Noel argued that the page has turned, while the board backed the chairman’s new term.
Donald Trump said on Monday that Russia has "lost control" of its diesel oil industry due to the war with Ukraine. He claimed many refineries got damaged and are out of commission. Trump also called for an end to the conflict, saying the "ridiculous and never ending War" must stop.
The Tata Sons board approved another five-year term for N. Chandrasekaran as chairman. This decision sparked questions about governance as Tata Trusts chairman Noel Tata opposed the move. Meanwhile, the Reserve Bank of India rejected the company’s request to surrender its registration, keeping the focus on its future regulatory path.
Surat’s manmade textile units face trouble as polyester yarn costs rose by Rs. 20 per kg. Manufacturers struggle with sluggish demand ahead of the festive season. SGCCI president Ashok Jariwala said, “It is an artificial price rise. It is a cartel.” The industry now seeks government help to restore competitive pricing.
Microsoft opened its fourth data centre in Hyderabad as part of a $20.5 billion investment commitment. The facility uses zero water cooling and offers AI services to local organisations. Minister Jitin Prasada said, “Investments such as these expand national AI capability, accelerate innovation, and enable developers to build with confidence.”
A global diesel shortage will likely last into 2027 as storage tanks drain. Wars in Iran and Ukraine disrupted supplies, pushing prices to record highs. Steven Barsamian said, "Why would you pay for a storage tank when there is no diesel to store?" Many businesses now struggle with these rising costs.
Sensex settled 564.03 points higher on Monday, while Nifty ended at 23,414.30. Markets rose as crude oil prices fell and foreign investors bought shares. Saurabh Jain of SMC Global said, "While bargain buying and short-covering may follow the past six weeks' slide, domestic market sentiment remains cautious to neutral."
The Kremlin said on Monday that Russia does not pose a threat to France. Spokesman Dmitry Peskov rejected claims made by Marine Le Pen and Jordan Bardella. He said, "Russia therefore poses no threat whatsoever; it threatens no one and blackmails no one." Moscow insists it has no serious disagreements.
Tata Motors introduced the Sierra Dark Edition in Mumbai with a starting price of Rs 13.99 lakh. The SUV features a unique Violet Eclipse interior theme and a triple-screen infotainment setup. It also got a 6-way powered driver’s seat with memory, offering many modern technology features across its 23 variants.