N Chandrasekaran will step down as chairman of Tata Sons when his current term ends on February 20, 2027, ending his tenure after the board failed to reach a unanimous decision on his reappointment.

Chandrasekaran has decided not to seek another term and has asked the Tata Sons board to begin the succession process, stressing the importance of leadership clarity for employees, investors and other stakeholders.

The decision follows reported differences between Tata Sons and Tata Trusts, which holds a 66% stake in Tata Sons. Tata Trusts had recommended a five-year extension for Chandrasekaran, but the proposal did not receive unanimous support from the Tata Sons board.

The reported disagreements involve representation, the group's future strategy, Air India's losses and the possibility of Tata Sons eventually being listed.

N Chandrasekaran to Exit Tata Sons Chairmanship in February 2027

Elon Musk remains the world's richest person, but his fortune has suffered one of the sharpest declines ever recorded after heavy selling in Tesla and SpaceX shares. According to the Bloomberg Billionaires Index, Musk's net worth has fallen below the level it stood at before SpaceX's blockbuster stock market debut. His estimated fortune has dropped from around $1.45 trillion to just over $700 billion, wiping out roughly $650 billion in paper wealth within just a few weeks. The decline follows a steep correction in SpaceX shares, which have fallen around 45% since their record-breaking IPO, while Tesla stock has dropped approximately 17% after reporting weaker-than-expected second-quarter earnings.

Elon Musk Loses Nearly $650 Billion In Weeks | Tesla And SpaceX Selloff Ends Trillionaire Status

India's Lok Sabha has passed the Anti-Paper Leak Bill following nationwide student protests over the NEET paper leak controversy. The bill was cleared amid heated exchanges and loud protests from the opposition. BJP leaders also launched a sharp attack on Leader of Opposition Rahul Gandhi after he alleged that Union Home Minister Amit Shah had authorized police firing on student protesters.

Meanwhile, the conflict in West Asia continues to escalate as the United States and Saudi Arabia say they carried out strikes on an Iraqi militant alliance in response to recent attacks. In Japan, a powerful earthquake has claimed at least 13 lives, with rescue teams racing to find survivors trapped under collapsed buildings.

Former Bangladesh Prime Minister Sheikh Hasina says she is determined to return to Bangladesh by December despite security concerns. Europe is also battling devastating wildfires, with thousands evacuated in Spain while French firefighters struggle to contain rapidly spreading blazes.

Indian stock markets ended sharply higher, with the Sensex surging nearly 900 points and the Nifty closing at 24,250, adding nearly ₹4 lakh crore to investor wealth despite rising oil prices linked to the US-Iran conflict.

Stay tuned for the latest national and international news updates.

India Passes Anti-Paper Leak Bill | Rahul Gandhi vs BJP | US-Saudi Strikes Iraq | Japan Earthquake 

American companies are becoming more global than ever, even as Washington continues its America First agenda and pushes massive investments into domestic AI infrastructure. New data shows that S&P 500 companies now generate around 42% of their revenue from outside the United States, reaching a historic record and surpassing previous highs seen during the dotcom era. Technology companies are leading this global expansion, with foreign markets contributing more than half of the sector’s revenue. Major communication companies, including firms like Meta, Alphabet, and Netflix, have also increased their international exposure significantly.

US companies hit record global revenue levels despite America first push and AI boom

Trump Media and Technology Group has launched Truth API, a paid data service offering Wall Street trading firms millisecond-fast access to posts from some of the most influential accounts on Truth Social, including President Donald Trump’s account. The service, reportedly priced at around $100,000 per month for premium access, has sparked debate over whether early access to presidential posts could provide an advantage to investors before market reactions occur.

Trump Media Faces Backlash As Truth API Turns Presidential Posts Into A Business Model | US News 

IBM shares plunged 25% in their steepest single-day decline since 1968 after the company issued a preliminary earnings warning that fell short of Wall Street expectations. The sharp selloff wiped out more than $100 billion in market value and erased much of the company's AI-driven gains from earlier this year.

IBM blamed weaker-than-expected results on a global memory chip shortage, saying customers redirected spending toward AI servers, storage, and memory hardware instead of software and mainframes. The warning also weighed on the broader technology sector, with software stocks declining while chipmakers and storage companies gained as investors shifted toward AI infrastructure.

IBM shares plunge 25% after shock earnings warning, ai chip shortage hits software demand

External factors such as tariff concerns, rupee depreciation, and weak earnings trends are further contributing to market volatility.

‘Only 4% return on 10% profit’: How currency and taxes are driving FIIs away from Indian stock market

Asian stocks fell on Friday as traders were disappointed by the absence of specifics from a Chinese economic conference. Additionally, risk appetite was lower ahead of next week's federal reserve policy meeting.

Asian markets slide on China's economic outlook

Shares of Bajaj Housing Finance are poised to make their debut on Dalal Street today, September 16. The initial public offering (IPO), which garnered historic interest from investors during its three-day bidding process, has sparked significant discussion regarding its potential to deliver multibagger returns.

Bajaj Housing Finance IPO expected to have a strong listing on Dalal Street

Apple Inc's stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021. Watch this video to know more.

World Business Watch: Apple's stock market value falls below $2 trillion

A secret service report says, Chinese hackers have stolen tens of millions of dollars worth of US Covid relief benefits since 2020. The secret service declined to provide any other details.

World Business Watch | Chinese hackers stole millions worth of US Covid relief benefits: Report

Automakers see higher month-on-month sales in October this year aided by discounts as consumers are coming out in good numbers. Watch this video to know more.

Festive season brings cheer to India auto firms