Nestle announced on Monday that it had dismissed Chief Executive Officer Laurent Freixe with immediate effect, following an internal investigation. The inquiry revealed that Freixe failed to disclose a romantic relationship with a direct subordinate, a breach of the company’s code of conduct.

Philipp Navratil, a veteran Nestle executive who joined the group in 2001, has been appointed as the new CEO.

Heavy rain on Monday evening left Gurugram flooded, forcing the administration to order corporate offices and schools to shift online for Tuesday.

The District Disaster Management Authority (DDMA) said over 100 mm of rainfall was recorded between 3 pm and 7 pm on September 1, with the India Meteorological Department (IMD) issuing an orange alert for September 2, warning of heavy to very heavy rainfall.

Reliance Jio’s public listing planned for the first half of next year could well be the India’s largest at ₹30,000 crore, according to brokerage Motilal Oswal (MOSL), which has pegged the equity value of the holding company, Jio Platforms Limited (JPL), at ₹11.9 trillion or $135 billion.

Till now, Hyundai India’s IPO holds the badge of largest IPO that the country has seen. It had raised $3.3 billion in 2024.

Amid the ongoing trade tensions, United States (US) President Donald Trump has said that India has offered to cut tariffs on US goods to 'nothing'. Trump posted on Truth Social about the status of India's tariffs on US goods and said, "They have now offered to cut their Tariffs to nothing, but it's getting late. They should have done so years ago. Just some simple facts for people to ponder!!!"

India’s equity market may be underestimating the potential inflection point in the growth cycle, as current valuations do not fully reflect the nation’s improving macro fundamentals and imminent earnings recovery, foreign brokerage Morgan Stanley has said in a report.

The peak in earnings and equities lies ahead, not behind, supported by resilient domestic consumption, robust demographic trends, proactive policy reforms, and rising infrastructure investment, believes the US-headquartered firm.

OpenAI, the company behind ChatGPT, is exploring local partners to set up a data centre in India with a capacity of at least 1 gigawatt, Reuters reported citing Bloomberg News.

Backed by Microsoft, OpenAI has formally registered as a legal entity in India and started building a local team. The company said in August that it plans to open its first office in New Delhi later this year, expanding its presence in its second-largest user market.

Prime Minister Narendra Modi on Monday hailed the India-Russia ties, saying that New Delhi and Russia have “always stood shoulder to shoulder even in the most difficult situations”. The Prime Minister's remarks came during his bilateral talks with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, China.

In his opening remarks, PM Modi described ties with Moscow as a “special and privileged partnership” marked by continuity and high-level engagement.

Prime Minister Narendra Modi on Monday delivered India’s statement at the Shanghai Cooperation Organisation (SCO) Members Session in Tianjin, China. In his address, Modi emphasised the need for a collective and impartial approach in the global fight against terrorism, adding that the menace must be countered without bias to ensure long-term peace and stability.

More than 200 people were killed and hundreds more injured after a 6.0 magnitude earthquake struck eastern Afghanistan, in a mountainous region near the Pakistan border, according to a state-run news agency. The quake hit the Jalalabad area at around 11.47 PM local time.

Prime Minister Narendra Modi on Sunday held bilateral talks with Chinese President Xi Jinping on the sidelines of the two-day Shanghai Cooperation Organisation (SCO) summit in Tianjin. This is the first meeting between the two leaders in 10 months.

The meeting comes at a time when India and China are working to improve relations following a sudden downturn in India-US ties triggered by US President Donald Trump's tariff policy.

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