Business
Jaguar Land Rover says some IT systems back online after major cyber attack
Jaguar Land Rover (JLR) has said parts of its IT systems are back online amid a “phased restart” of its operations following a major cyber attack.
The British carmaker has paused production at its UK factories for several weeks after being targeted by hackers.
The company said it is “working to clear a backlog of payments” to suppliers, and has increased its processing capacity for invoicing.
A cyber attack on the carmaker in August forced it to shut down its IT networks and suspend production lines. Factories remain closed until next month at the earliest.
A statement from JLR said: “As part of the controlled, phased restart of our operations, today we have informed colleagues, suppliers and retail partners that sections of our digital estate are now up and running. The foundational work of our recovery programme is firmly underway.”
The company’s centre for supplying parts to distribution centres for retailers in the UK and globally is returning to full operations, JLR confirmed.
The financial system used to process the wholesale of vehicles has also been brought back online, meaning sales and registration are now faster again.
JLR said it is working with cyber security specialists, the UK government’s National Cyber Security Centre (NCSC) and law enforcement.
“Our focus remains on supporting our customers, suppliers, colleagues and our retailers. We fully recognise this is a difficult time for all connected with JLR and we thank everyone for their continued support and patience,” a statement said.
The government has said it was considering intervening to support JLR’s parts suppliers, with concerns growing that some could go bust due to the shutdown of operations, especially small businesses.
The manufacturer is owned by India’s Tata Motors, and builds around 1,000 cars a day across its three factories in Solihull and Wolverhampton in the West Midlands, and Halewood in Merseyside.
Workers were told to stay home on 1 September, and JLR has not confirmed a return date.
Around 30,000 people are employed at the company’s plants, with a further 100,000 working for employers in the supply chain.
Unions have called for a Covid-style furlough operation for those in the supply chain, but this is not thought to be viable given the scale and the cost. Businesses are also reportedly unwilling to consider a government-backed loan, given the uncertainty they currently face.
Chancellor Rachel Reeves was asked during a ministerial visit if the government was set to step in to help firms in the supply chain.
“We are working very closely with Jaguar Land Rover, but not just with the company but also with the wider supply chain,” Ms Reeves said.
“The focus is both getting the business back up and running as quickly as possible, but also making sure, as a government, we are doing everything we can to stand by the company and the wider supply chain.”
Business
Without Rera data, real estate reform risks losing credibility: Homebuyers’ body – The Times of India
New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of updated annual reports is crucial as these contain details of data on performance of Reras, including project completion status categorised by timely completion, completion with extensions, and incomplete projects. The ministry’s format for publishing these reports also specifies providing details such as actual execution status of refund, possession and compensation orders as well as recovery warrant execution details with values and list of defaulting builders.FPCE said annual report data is not only vital for homebuyers to assess system credibility, but is equally necessary for both state and central govts to frame effective policies, design incentivisation schemes, and develop tax policy frameworks.“Unless we have credible data proving that after Rera the real estate sector has improved in terms of delivery, fairness, and keeping its promises, we are merely firing in the air,” said FPCE president Abhay Upadhyay, who is also a member of the govt’s Central Advisory Council on Rera.As per details shared by the entity, seven states — Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Himachal Pradesh and Goa — have never published a single annual report since Rera’s implementation, and nine states, including Maharashtra, Uttar Pradesh and Telangana, which initially published reports, have discontinued the practice.Upadhyay said when regulators themselves don’t follow the law, they lose the legal right to demand compliance from other stakeholders. “Their failure emboldens builders and weakens the very system they are meant to safeguard,” he said.
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Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Infosys logo is seen.
IT major Infosys rolled out performance bonus payouts averaging around 85 percent for the quarter ended December 31, 2025 (Q3FY26), marking the strongest variable pay outcome for eligible employees in at least the past three-and-a-half years, Moneycontrol reported citing people in the know.
The bonus payout for mid- to junior-level employees ranges between 75 percent and 100 percent, with most employees clustering around the organisation-wide average of 85 percent, the report said. The development signals a steady recovery in variable compensation at the Bengaluru-headquartered IT services firm. Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Employees are expected to receive their bonus letters over the next few days, with the payout scheduled to be credited along with their February salary.
One employee told the outlet that it is the strongest bonus outcome seen in recent years. The payout is also among the rare instances since the Covid-19 period when variable pay has approached the upper end of the eligible range.
Infosys last paid out 100 percent variable compensation during the pandemic. In the quarters that followed, payouts were lower amid macroeconomic uncertainty and a broader slowdown in client spending across global markets.
The higher payout comes at a time when global IT stocks have faced renewed pressure, driven by concerns over rapid advances in artificial intelligence and their potential impact on traditional IT services models.
Shares of global IT firms have seen sharp sell-offs in recent weeks amid heightened investor focus on AI leaders such as Anthropic. Investors fear that generative AI tools could compress pricing, automate routine services work and reduce demand for legacy outsourcing models.
Against that backdrop, the improved bonus payout at Infosys is being viewed as a signal of operational resilience and near-term performance strength, even as sentiment around the broader IT sector remains cautious.
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February 13, 2026, 21:44 IST
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