Jaguar Land Rover (JLR) has been impacted by a cyber attack. The company stated it shut down its systems to mitigate the impact. The cyber attack occurred late on Sunday evening, impacting vehicle production. “JLR has been impacted by a cyber incident. We are now working at pace to restart our global applications in a controlled manner. At this stage, there is no evidence that any customer data has been stolen, but our retail and production activities have been severely disrupted,” JLR mentioned in a statement.
NDTV board clears ₹400 crore rights issue
The Board of New Delhi Television Limited (NDTV), one of India’s leading entities in news broadcasting and digital journalism, has approved the capital raise of up to Rs 400 Crore through a Rights Issue to its eligible shareholders. This proposed capital raising will mark a significant step in strengthening NDTV’s balance sheet and enhancing its financial flexibility. The additional resources will enable the company to pursue its growth agenda with greater resilience, including expansion of distribution to widen its domestic and international presence, investment in brand-building, development of new intellectual properties, reduction of debt, and other general corporate purposes.
Adani Electricity repurchases $44.6m notes, trims outstanding debt
Adani Electricity Mumbai Ltd. (AEML), the distribution arm and a subsidiary of Adani Energy Solutions Ltd. (AESL), announced that it has repurchased $44.6 million of its $300-million 3.867% senior secured notes that were due to mature in 2031. The buyback, funded through internal cash flows, reduces the company’s outstanding debt to $255.3 million, according to a stock exchange filing.
TCS expands €550m, seven-year digital transformation deal with Tryg
Tata Consultancy Services has expanded its existing partnership with Scandinavian non-life insurer Tryg for a seven-year, €550-million digital transformation contract that would simplify and standardise operations across the insurer’s three major markets, Denmark, Sweden and Norway. The expanded partnership will create an opportunity for TCS to streamline a historically complex IT landscape shaped by organic growth and acquisitions, unify fragmented operating models across geographies, and embed automation and AI to enhance efficiency in every element of the IT operations value chain, said a company press release.