Business
Jaguar Land Rover to resume some manufacturing after cyber-attack
Theo Leggettbusiness correspondent and
Rachel Clunbusiness reporter
Getty ImagesJaguar Land Rover has said it will resume some production in the “coming days” after a cyber-attack forced the carmaker to suspend operations.
Work at its three UK facilities in the West Midlands and Merseyside were halted on 1 September after a cyber-attack the night before.
The BBC understands manufacturing will resume first at the engine facility in Wolverhampton on 6 October, and production at other plants will have a phased return.
A JLR spokesperson said: “Today we are informing colleagues, retailers and suppliers that some sections of our manufacturing operations will resume in the coming days.”
Industry sources said they expect it to still be several weeks before the production lines are running at full capacity.
In a note to JLR staff on Monday, the company said the “foundational work of our recovery programme is firmly underway”, and the phased restart was to ensure IT systems were brought back in a “safe and secure manner”.
Previously, the company had said it did not expect production to resume at its facilities until 1 October at the earliest.
The spokesperson said JLR was continuing work on its recovery following the shutdown.
“We continue to work around the clock alongside cybersecurity specialists, the UK government’s National Cyber Security Centre and law enforcement to ensure our restart is done in a safe and secure manner,” they said.
Phased restart
Companies in JLR’s supply chain, which has been under huge financial pressure as a result of the stoppage, have welcomed the news.
Many smaller companies in particular were thought to be at risk of bankruptcy.
About 30,000 people are directly employed at the company’s UK plants in Solihull, Wolverhampton and Halewood, and about 100,000 work for firms in the supply chain.
Some of these firms supply parts exclusively to JLR, while others sell components to other carmakers as well.
One supplier told the BBC the news that the restart was welcome and would provide some relief for businesses that rely on orders from JLR, but insisted that the losses already caused meant that financial assistance was still badly needed.
The supplier warned that vulnerable firms could not afford to take on more debt.
Over the weekend the government announced it would provide loan guarantees worth £1.5bn for JLR, with the stipulation that the supply chain would be supported.
Speaking at the Labour Party conference in Liverpool, Chancellor Rachel Reeves said the loan would “provide certainty” and “support for the jobs in its business and its supply chain”.
Sources within JLR itself have pointed out that the funding will be used to support suppliers with which it has a direct relationship, to ease cashflow and help pay for parts orders. It will be up to those businesses to pay their own suppliers.
The JLR spokesperson said the company thanked everyone connected to the manufacturer “for their continued patience, understanding and support.”
The spokesperson continued: “We know there is much more to do but the foundational work of our recovery is firmly underway, and we will continue to provide updates as we progress.”
JLR is one of several UK companies that have been hit in a spate of cyber-attacks this year.
Luxury department store Harrods was contacted by hackers this week after data related to 430,000 customer records was stolen in an IT breach.
That breach was separate to attempts to hack into separate Harrods systems earlier this year.
The group of Hackers that claimed responsibility for that attempt has also claimed responsibility for hacks on retailers M&S and Co-op, which have cost the companies hundreds of millions of pounds in lost sales.
Business
No More Mandatory Probate Of Will In Mumbai, Chennai, Kolkata: What Does It Mean For Heirs?
Last Updated:
Probate of wills is no longer mandatory in Mumbai, Chennai and Kolkata after Parliament amended Section 213 of the Indian Succession Act, 1925.
ig Relief For Families: Wills No Longer Need Probate In Mumbai, Chennai, Kolkata
The probate of wills is no longer mandatory now in Mumbai, Chennai and Kolkata. The Indian government has brought amendment into Section 213 of the Indian Succession Act, 1925 under the Repealing and Amending Act, 2025.
Probate is a court’s legal confirmation that a will is valid. It allows the executor to distribute the deceased person’s assets.
Parliament passed the Repealing and Amending Act, 2025, which deletes Section 213, ending the requirement of mandatory probate for wills in Mumbai, Chennai, and Kolkata.
The government argued that the rule was a colonial-era provision, discriminatory, and causing unequal treatment between communities and regions.
What does this mean for heirs now?
Heirs of Mumbai, Chennai and Kolkata can claim property without probate like in other parts of the country. Banks, registrars and authorities may accept the will directly.
The process becomes faster, cheaper and less court-driven.
However, probate is still required in case there is a dispute over the will. The matter then can be proceeded with in the court for resolution.
Why was mandatory probate only for Mumbai, Chennai & Kolkata?
The mandatory probate was applicable only for these three cities, which reflects a remnant of the colonial era. The British created special succession rules only for these cities.
During British rule, Mumbai (Bombay), Chennai (Madras) and Kolkata (Calcutta) had Presidency High Courts.
Muslims and Christians were already exempt from mandatory probate even in these cities. This Section only applied over Hindus, Buddhists, Sikhs, Jains and Parsis.
December 31, 2025, 13:01 IST
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Business
KSE-100 Index surges past historic mark – SUCH TV
The Pakistan Stock Exchange (PSX) continued its upward trend on Wednesday, with the benchmark KSE-100 Index crossing over the historic 175,000-point milestone in early trading.
During the trading session, the KSE-100 Index rose by over 700 points, reaching a high of 175,232 points, its highest level ever.
Earlier in the day, the index had climbed 208 points to 174,681.
At the close of trading on Tuesday, the KSE-100 Index had ended at 174,472 points, highlighting the market’s continued bullish momentum as the year comes to a close.
Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and power generation.
Index-heavy stocks, including HUBCO, MARI, POL, PPL, OGDC, PSO, HBL, MEBL and MCB, traded in the green.
Business
Asian stocks today: Markets trade mostly in red on last trading day of 2025; HSI sheds over 200 points, Kospi flat – The Times of India
Asian markets slipped mostly into red on Wednesday, the final trading session of 2025, as investors remained cautious ahead of the New Year holiday and took cues from Wall Street losses.In Hong Kong, HSI slipped over 224 points to 25,630. Nikkai was also trading at a loss, shedding 187 points or 0.3%. Shanghai and Shenzhen were also down 0.07% and 0.67% at 10:35 AM IST. South Korea’s Kospi was also down 6 points to trade at 4,214. With the holiday season keeping participation low, trading volumes across the region remained thin. Commodities offered a steadier picture, with precious metals holding their ground after retreating from record levels seen earlier in the week. The uneven performance followed a muted session in the United States, where major Wall Street indices finished slightly lower on Tuesday. Investor unease over stretched valuations in artificial intelligence (AI)-linked stocks continued to weigh on sentiment. Even so, US markets were still set to deliver solid gains for the full year, a trend mirrored across much of Asia. Regional markets benefited from a combination of easing monetary conditions and a powerful rally in technology shares. In China, fresh official data showed factory activity edged up marginally in December, offering a rare positive signal at the close of an otherwise subdued year for the world’s second-largest economy. A key driver of the year’s global market strength has been the US Federal Reserve’s shift towards monetary easing in the latter half of 2025, alongside a flood of investment into AI-related technologies. Minutes from the Fed’s December policy meeting revealed that most officials consider further interest rate cuts appropriate, provided inflation continues to cool as anticipated. Precious metals have been among the most volatile assets in recent days, lifted by their demand as safe-haven investments amid ongoing geopolitical tensions. Gold and silver both touched record highs last week before pulling back.
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