Veteran industrialist AM Naik formally steps down as Non-Executive Chairman of Larsen & Toubro (L&T), passing on the reins of the $23 billion conglomerate to S N Subrahmanyan. Naik, 81, will focus on IT companies and philanthropic initiatives, leaving behind a legacy of six decades at L&T.

British luxury carmaker Aston Martin aims to capitalize on the anticipated growth of high-net-worth individuals in India, with plans to double its presence in the country over the next five years. The company's expansion strategy includes introducing electric vehicles (EVs), renewing its sports car lineup, and launching hybrid supercars and SUVs.

As the US government faces a potential shutdown, issues surrounding student loans and the well-being of low-income Americans come into focus. Political disagreements over funding for federal agencies could impact federal employees, nutrition assistance programs, and air travel.