The UK government has announced that it will guarantee a £1.5 billion loan to Jaguar Land Rover (JLR) to support its supply chain, following disruptions caused by a cyberattack in August. “The loan from a commercial bank, backed by the Export Development Guarantee (EDG) provided by the UK’s export credit agency, UK Export Finance, will be repaid over five years and strengthen JLR’s cash reserves so it can support its supply chain, which has been severely impacted by the shutdown,” the government said in a statement.
has been barred from onboarding new customers at its. India’s largest private-sector lender said it has initiated steps to comply with the Dubai Financial Services Authority’s notice and added that it does not expect any material impact. Exact details of the alleged violations that led to the action against HDFC Bank were not immediately available.
will exit the Hyderabad Metro project as the Telangana government assumes operational control. The state will take over the Phase 1 Metro Rail project by absorbing approximately ₹13,000 crore in current debt and providing a one-time settlement of ₹2,000 crore for L&T’s equity investment in L&T Metro Rail Hyderabad Limited (LTMRHL). The development follows discussions between Telangana Chief Minister A. Revanth Reddy and L&T Chairman & Managing Director S.N. Subrahmanyan, along with other senior officials, to resolve outstanding issues and pave the way for the second phase of the metro project.