According to Reuters, HDFC Bank Chief Executive Sashidhar Jagdishan has decided not to seek reappointment when his current term ends on October 26, 2026. India’s largest private lender announced the departure on Saturday, setting up a fast-tracked leadership transition amid recent governance reviews. Succession Plans and External Candidates Deputy managing director Kaizad Bharucha stands as … Read more
Himalayan Flood Death Toll Nears 600 as Rescue Teams Reach Ruins Rescue teams in Nepal and China resumed operations in the flood-hit Himalayas, with a Chinese rescue team reaching the all-but-obliterated Gyirong border crossing complex for the first time and finding “nothing but ruins,” according to reports from Reuters. A glacier collapse unleashed a massive … Read more
The Indian Army has signed an agreement with the United States to purchase Javelin anti-tank missile systems, according to an announcement by the U.S. Embassy in India on Friday. The medium-range guided missile system is jointly produced by Lockheed Martin and RTX, and the deal was finalized through the U.S. Foreign Military Sales route via … Read more
Federal Bank plans to raise $500 million through a five-year dollar bond sale, according to bankers who requested anonymity because they lack authorization to speak with the media. The capital-raising effort follows a board approval on Friday for foreign-currency-denominated bonds issued through the International Financial Services Centre Banking Unit located in GIFT City. Federal Bank … Read more