US President Donald Trump on Tuesday strongly denied social media rumours about his deteriorating health. Some posts had claimed that he was seriously unwell or even dead. Speaking to journalists in the Oval Office, the 79-year-old leader called the claims “fake” and criticised the media for amplifying them.

In the wake of devastation due to floods, Congress leader Rahul Gandhi on Wednesday urged Prime Minister Narendra Modi to immediately announce a special relief package for Punjab, Jammu and Kashmir, Uttarakhand and Himachal Pradesh, as well as accelerate relief and rescue operations.

The Leader of Opposition in the Lok Sabha said, "Modiji, floods have caused massive destruction in Punjab. The situation in Jammu and Kashmir, Himachal Pradesh and Uttarakhand is also extremely worrying."

The water level of the Yamuna reached 205.75 metres at Delhi’s Old Railway Bridge on Tuesday morning, surpassing the danger mark of 205.33 metres. The increasing water level in the river is posing a risk of flooding in the low-lying parts of the city, authorities said.

On Monday, Delhi Chief Minister Rekha Gupta assured that the government is fully prepared to handle the situation.

Sharpening his criticism of India, White House trade adviser Peter Navarro accused Prime Minister Narendra Modi of aligning with Russia and China following his bilateral meetings with the leaders of the two countries on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Tianjin.

“Shame to see Modi getting in bed, the leader of the biggest democracy with two biggest authoritarian dictators, Putin and Xi Jinping,” Navarro told reporters.

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.

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