business 31 - The Latremie Post

After a month, JLR to resume manufacturing cars from tomorrow

**JLR to Resume Manufacturing Cars Starting Tomorrow Following Cyberattack**

*By Dwaipayan Roy | Oct 07, 2025, 04:23 PM*

Jaguar Land Rover (JLR) has announced a phased resumption of production at its UK manufacturing facilities, starting tomorrow. This follows over a month-long halt caused by a cyberattack in late August that disrupted the company’s global manufacturing and retail operations.

**An Important Step in Recovery**

Adrian Mardell, JLR’s outgoing CEO, described the restart as an “important moment” in the company’s recovery process. While acknowledging there is still significant work ahead, Mardell emphasized that JLR is now firmly on the path to recovery.

To aid this process, JLR has introduced a new short-term financing scheme designed to provide upfront cash to its suppliers, helping them manage cash flows as production ramps up again.

**Phased Restart Across Key Facilities**

The phased production restart will begin at JLR’s West Midlands sites, including the engine plant in Wolverhampton and the battery assembly facility in Hams Hall near Birmingham. Key stamping plants located in Castle Bromwich and Solihull will also resume operations.

In addition, the body shop, paint shop, and logistics center at Solihull vehicle manufacturing plant will restart. However, the restart at the Halewood plant on Merseyside remains pending further updates.

**Global Production Updates**

JLR’s vehicle production in Nitra, Slovakia, is set to resume soon. Meanwhile, the Range Rover and Range Rover Sport production lines at Solihull are expected to restart later this week. Some employees have already returned to work at the Wolverhampton site as of Monday.

**Supporting Suppliers with New Financing Scheme**

To support its suppliers during this challenging period, JLR has launched a new short-term financing scheme. Under this scheme, suppliers will receive most of their payments upfront once an order is placed, with the final payment made upon invoice receipt. This initiative aims to accelerate payments by up to 120 days, significantly easing suppliers’ cash flow pressures.

Mardell highlighted the scheme’s importance in sustaining supplier relationships and ensuring a smoother production restart.

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With the phased resumption underway and supplier support in place, JLR is making crucial strides toward full operational recovery following the cyberattack disruption.
https://www.newsbytesapp.com/news/auto/jlr-to-resume-production-after-month-long-cyberattack-break/story

Prithvi Shaw slams century against Mumbai: Key stats

Prithvi Shaw Slams Century Against Former Side Mumbai

By Parth Dhall | Oct 07, 2025 | 05:03 pm

Prithvi Shaw, the out-of-favor Indian batter, is making a strong case for his return to the national side. After an impressive start with Maharashtra in the 2025 Buchi Babu Invitational Tournament, the 25-year-old scored a fluent century against his former team, Mumbai.

Shaw reached three figures on Day 1 of a three-day warm-up match between Mumbai and Maharashtra at Pune’s MCA Stadium, showcasing his excellent form.

Stellar Performance: Shaw and Kulkarni Put On 305 Runs

Opening the innings for Maharashtra, Shaw partnered with Arshin Kulkarni to put on a massive 305-run stand for the first wicket on Day 1. The duo batted together for 49.4 overs before Shams Mulani dismissed Kulkarni, who scored an impressive 186 off just 140 balls.

Meanwhile, Shaw reached his half-century in 84 balls and completed his century off 140 deliveries. He excelled against a star-studded Mumbai bowling attack featuring Shardul Thakur, Tushar Deshpande, Tanush Kotian, and Shams Mulani.

Move to Maharashtra

Earlier this year, Shaw made a stunning start to his domestic cricket stint with Maharashtra. He scored a brilliant century in his maiden innings for the state during the 2025 Buchi Babu Trophy match against Chhattisgarh at Guru Nanak College in Chennai.

Notably, Shaw parted ways with Mumbai at the end of last season to join Maharashtra after being dropped from their Ranji Trophy squad. He last featured for Mumbai in December 2024.

Career Trajectory: A Look at Shaw’s Journey

Shaw, a highly-rated talent, made his international debut in 2018 as a teenager, scoring a century against the West Indies. However, despite a promising start, he hasn’t been able to consistently live up to his early potential.

He has played five Tests, six ODIs, and one T20I for India before losing his way in 2021. Currently, Shaw has amassed 4,556 runs from 58 First-Class games at an average of over 46. He also boasts an average of 55-plus in List A cricket.

Youngest Centurion on Test Debut for India

At just 18, Shaw became the youngest centurion on Test debut for India in 2018. According to ESPNcricinfo, he is the second-youngest Test centurion for India after the legendary Sachin Tendulkar. His debut century came against West Indies in Rajkot.

With his current rich vein of form, Shaw is clearly signaling that he intends to fight his way back to the top, making him a player to watch in the upcoming domestic and international matches.

https://www.newsbytesapp.com/news/sports/prithvi-shaw-slams-century-against-mumbai/story

Taylor Swift’s ‘Showgirl’ sets 2nd-largest sales week in history

**Taylor Swift’s ‘Showgirl’ Achieves 2nd-Largest Sales Week in History**

*By Apoorva Rastogi | October 7, 2025*

Taylor Swift’s latest album, *The Life of a Showgirl*, has made an extraordinary impact, reportedly selling an astonishing 2.7 million copies on its first day in the United States. This marks Swift’s biggest single-day sales week ever and the second-highest sales week for any album since Luminate began tracking data in 1991.

The only album to surpass this feat is Adele’s *25*, which sold 3.378 million copies in its first week back in 2015, underscoring the magnitude of Swift’s achievement.

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### Vinyl Sales Record Broken

In addition to digital and physical sales, *The Life of a Showgirl* has shattered vinyl album sales records. The album sold 1.2 million vinyl copies in its first week, surpassing the previous record held by Swift herself. Her 2024 album, *The Tortured Poets Department*, had sold 859,000 vinyl copies during its debut week.

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### Box Office Success for Concert Film

Swift’s momentum extends beyond music sales. Her concert film, *The Official Release Party of a Showgirl*, topped the box office during its opening weekend, generating $33 million in North America, according to estimates from Comscore.

Internationally, the film earned an additional $13 million through AMC Entertainment Holdings Inc., playing for over three days in all 540 AMC theaters across the US.

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### Historic Career Milestone

Adding to her list of accomplishments, the Recording Industry Association of America (RIAA) recently announced that Taylor Swift has become the first and only female artist to surpass 100 million album sales in the United States.

To date, Swift has sold an impressive 105 million albums, ranking her sixth among the highest-selling artists worldwide. She follows iconic legends such as The Beatles, Garth Brooks, Elvis Presley, Eagles, and Led Zeppelin.

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Taylor Swift continues to break records and redefine success in the music industry with *The Life of a Showgirl* era, further cementing her status as one of the top artists of all time.
https://www.newsbytesapp.com/news/entertainment/swift-s-the-life-of-a-showgirl-shatters-sales-records/story

Bank Insider Gets 9-Year Jail Term for Gold and Cash Theft

TOKYO, Oct 7 — The Tokyo District Court sentenced former Mitsubishi UFJ Bank assistant branch manager Yukari Yamazaki to nine years in prison on October 6 for stealing approximately 400 million yen worth of gold bars and cash from a bank safe deposit vault.

During the trial, the defense argued that weaknesses in the bank’s security system had allowed Yamazaki to repeatedly commit the thefts. However, the court dismissed this claim in its ruling.

The court stated that the defendant, who had earned the bank’s trust and held a position of responsibility, exploited security systems in a way that only someone in her limited position could, effectively rendering the safeguards powerless.

The court further declared that Yamazaki’s actions were strongly deserving of condemnation.

https://newsonjapan.com/article/147179.php

Taylor Swift’s ‘Showgirl’ sets 2nd-largest sales week in history

**Taylor Swift’s ‘Showgirl’ Achieves 2nd-Largest Sales Week in History**

*By Apoorva Rastogi | October 7, 2025*

Taylor Swift has done it again. Her latest album, *The Life of a Showgirl*, has reportedly sold an astounding 2.7 million copies on its first day in the United States alone. This marks Swift’s biggest single-day sales week ever and the second-highest sales week for any album since Luminate began tracking in 1991.

The only album with a larger sales week is Adele’s *25*, which sold 3.378 million copies in its first week back in 2015.

**Vinyl Sales Record Broken**

In addition to dominating digital and physical sales, *The Life of a Showgirl* has also shattered the record for the most vinyl album sales in a single week. The album sold 1.2 million vinyl copies, surpassing the previous record held by Swift’s own 2024 release, *The Tortured Poets Department*, which sold 859,000 vinyl copies in its first week.

**Box Office Success**

Swift’s success extends beyond music sales. Her concert film, *The Official Release Party of a Showgirl*, topped the box office during its opening weekend. The film earned an impressive $33 million in North America, according to Sunday estimates from Comscore.

Internationally, it added another $13 million through AMC Entertainment Holdings Inc., playing in all 540 AMC theaters across the U.S. for over three days.

**A Historic Milestone**

In further recognition of her remarkable career, the Recording Industry Association of America (RIAA) announced last week that Taylor Swift is the first and only female artist to surpass 100 million album sales.

To date, she has sold 105 million albums, placing her sixth among the highest-selling artists in history. She follows legendary acts such as The Beatles, Garth Brooks, Elvis Presley, Eagles, and Led Zeppelin.

With *The Life of a Showgirl*, Swift continues to solidify her place as one of the most influential and successful artists of her generation.
https://www.newsbytesapp.com/news/entertainment/swift-s-the-life-of-a-showgirl-shatters-sales-records/story

Canara Robeco AMC’s Rs 1,326 cr IPO to open on Oct 9

Canara Robeco Asset Management Company has set a price band of Rs 253-266 per share for its upcoming Initial Public Offering (IPO), valuing the company at approximately Rs 5,300 crore at the upper end. The Rs 1,326 crore IPO is scheduled to open for subscription on October 9 and will close on October 13. Additionally, anchor investors will be able to participate in a one-day bidding session on October 8, as per the company’s public announcement.

This IPO is a pure Offer For Sale (OFS) of 4.98 crore equity shares, with no fresh issue component. Under the OFS, the promoters—Canara Bank and ORIX Corporation Europe NV (formerly Robeco Groep NV)—will be selling 2.59 crore and 2.39 crore shares respectively. Canara Bank currently holds a 51% stake in Canara Robeco, while ORIX Corporation owns the remaining shares.

Since the IPO is entirely an OFS, Canara Robeco will not receive any proceeds from the public issue. Instead, the funds raised will go directly to the selling shareholders.

**About Canara Robeco**

Canara Robeco’s core activities include managing mutual funds and providing investment advice focused on Indian equities. It holds the distinction of being the country’s second-oldest asset management company. The state-run lender Canara Bank initially floated the company in 1993, later partnering with Robeco (now part of ORIX) in 2007.

The company operates in a competitive market alongside established players such as HDFC Asset Management Company, Nippon Life India Asset Management, and UTI Asset Management Company.

**Issue Allocation and Management**

The IPO has been allocated as follows:
– 50% reserved for Qualified Institutional Buyers (QIBs)
– 35% for retail investors
– 15% for non-institutional investors

SBI Capital Markets, Axis Capital, and JM Financial will act as the book running lead managers for this issue.

Shares of Canara Robeco are expected to be listed on stock exchanges on October 16.

**Additional Context**

In December 2024, Canara Bank received approval from the Reserve Bank of India to divest its stake in life insurance and mutual fund ventures. Following this, the IPO of Canara HSBC Life Insurance Company—a complete OFS comprising 23.75 crore equity shares—is set to open for public subscription from October 10 to October 14.
https://www.freepressjournal.in/corporate-gallery/canara-robeco-amcs-rs-1326-cr-ipo-to-open-on-oct-9

US researchers: Choose Europe, but part-time

Amid the European rush to attract disenchanted US researchers, the Volkswagen Foundation is experimenting with a different approach: grants for US researchers to split their time between the US and Germany.

The funding scheme, set to open in January, will award up to €300,000 to US-based professors specializing in democracy and fundamental rights. Recipients will spend three to six months a year in Germany, with the rest of the time maintaining ties with the US.

The new Transatlantic Bridge Professorships scheme is the Volkswagen Foundation’s contribution to the conversation about how Europe can respond to the Trump administration’s obstruction of academic freedom and science funding in the US.

“We felt we wanted to offer the opportunity and provide continuous support for research cooperation. We want to add to what others are doing, in general,” said Johanna Brumberg.
https://sciencebusiness.net/news/r-d-funding/horizon-europe/us-researchers-choose-europe-part-time

Canara Robeco AMC’s Rs 1,326 cr IPO to open on Oct 9

Canara Robeco Asset Management Company has fixed a price band of Rs 253-266 per share for its upcoming Initial Public Offering (IPO), valuing the company at approximately Rs 5,300 crore at the upper end. The IPO, amounting to Rs 1,326 crore, is scheduled to open for subscription on October 9 and close on October 13.

Ahead of the public subscription, the one-day bidding for anchor investors will take place on October 8, as per the company’s public announcement.

This IPO is a complete Offer For Sale (OFS) of 4.98 crore equity shares, with no fresh issue component. Under the OFS, the promoters—Canara Bank and ORIX Corporation Europe NV (formerly Robeco Groep NV)—will sell 2.59 crore shares and 2.39 crore shares, respectively. Canara Bank currently holds a 51% stake in Canara Robeco, while ORIX Corporation owns the remaining stake in the asset management company.

Since the IPO is entirely an OFS, Canara Robeco will not receive any funds from the public issue. Instead, the proceeds from the sale will go directly to the selling shareholders.

Canara Robeco primarily engages in managing mutual funds and providing investment advice on Indian equities. It is recognized as the country’s second oldest asset manager. The state-run lender, Canara Bank, originally founded the company in 1993 and later partnered with Robeco—now part of ORIX—in 2007.

Operating in a highly competitive space, Canara Robeco faces competition from established listed players such as HDFC Asset Management Company, Nippon Life India Asset Management, and UTI Asset Management Company.

The IPO allocation is divided as follows: 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors. SBI Capital Markets, Axis Capital, and JM Financial are appointed as the book running lead managers for this issue.

Shares of Canara Robeco are expected to list on stock exchanges on October 16.

In a related development, Canara Bank announced in December 2024 that it had received approval from the Reserve Bank of India to divest its stakes in life insurance and mutual fund ventures. The IPO of Canara HSBC Life Insurance Company, a complete OFS involving 23.75 crore equity shares, is scheduled to open for public subscription from October 10 to October 14.
https://www.freepressjournal.in/corporate-gallery/canara-robeco-amcs-rs-1326-cr-ipo-to-open-on-oct-9

Pi Network sheds $18B in six months: ‘That’s basically a rug pull’

**Key Takeaways**

– Pi Network’s token, PI, has plunged over 90%, erasing nearly $18 billion in market capitalization and fueling fresh rug pull claims.
– Without addressing community concerns and supply growth issues, PI could remain under downward pressure in the coming months.

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**Why Is Pi Network Facing Rug Pull Claims Again?**

Since its debut in March, the Pi Network [PI] price has crashed over 90%, reigniting allegations that the project might be a rug pull. At launch, the price soared to $2.79, pushing the market capitalization to approximately $18 billion amid a wave of FOMO (Fear Of Missing Out). However, the price has since slipped below $1 and plunged further to around $0.26, wiping out more than $16 billion in market cap over the past six months.

A pseudonymous crypto market commentator known as Mr Spock weighed in on the situation, stating, “Pi crashed over 90% from its highest position, that’s basically a rug pull.”

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**Hype and Speculative Interest Fade**

Back in May, Pi Network faced similar rug pull accusations after the team allegedly established a $100 million venture fund amid more than six years of unmet expectations and broken promises. Many community members believed that this fund—partly sourced from internal revenue and mining activities—was diverted for external purposes rather than being reinvested into the ecosystem.

This backlash contributed to the token’s inability to rebound in May, dragging the price down below $0.50. Despite the sour market sentiment, data from Pi Scan indicated some continued accumulation of PI tokens. Over the past 24 hours alone, a net flow of $112.3 million was recorded, meaning more PI tokens flowed out of exchanges than into them, which suggests buying activity.

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**Derivatives Data Show Collapse in Speculative Interest**

Despite signs of accumulation, speculative interest has sharply declined. While there has been some improvement in the futures market demand, overall speculative interest dropped by more than 10 times. According to Glassnode, PI’s Open Interest (OI)—the total value of open contracts in the derivatives market—plummeted from nearly $120 million to about $20 million.

This sustained bearish pressure reflects the community’s growing frustration and feeling of being sidelined by the Pi Network team.

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**Inflationary Pressure Weighs on Price**

Another major factor dragging down PI’s price is inflationary pressure. Since May, the circulating supply of PI tokens has surged by over 1 billion tokens, exacerbating downward price pressure.

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**What’s Next for PI?**

Unless the Pi Network team addresses community concerns and carefully manages token supply growth, PI could continue to face heavy downward pressure. Rebuilding trust and stabilizing the token economy will be critical to any future recovery efforts.

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*Stay tuned for updates on Pi Network and other cryptocurrency developments.*
https://ambcrypto.com/pi-network-sheds-18b-in-six-months-thats-basically-a-rug-pull

All set for Maynilad’s P45.8-B stock debut

MANILA, Philippines – Maynilad Water Services Inc. is moving closer to its P45.8-billion initial public offering (IPO) this month after receiving approval from the Philippine Stock Exchange (PSE).

The operator of the local bourse announced in an advisory on Monday that Maynilad would offer up to 2.3 billion shares at a price of up to P20 each.

This development marks a significant step for Maynilad as it prepares to enter the public market, aiming to raise substantial capital through the IPO.
https://business.inquirer.net/551033/all-set-for-maynilads-p-45-8-b-stock-debut