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
Russian-speaking hackers used SpaceX’s AI coding assistant, Cursor, to compromise a Belgian chemical company and at least six other firms earlier this year, according to cybersecurity data reviewed by Reuters and published on Thursday by Gambit Security and CloudSek. Exposed Server Reveals Cursor AI Hacking Methods According to Gambit Security, the campaign came to light … Read more
The U.S. Department of Homeland Security proposed raising the H-1B visa application fee to a permanent $103,265, following a legal battle over President Donald Trump’s initial efforts to overhaul the skilled foreign worker program. According to Reuters reporting, the visa program allows technology companies and other industries to employ foreign professionals for a few years, … Read more
South Pacific Growers Ltd received a $13 million Government loan from the North Island Weather Event Fund in December 2023, according to an MBIE spokesman, but the company has since collapsed into receivership with the debt entirely unpaid. Appointed receiver BDO Auckland confirmed that none of the cyclone recovery loan has been repaid, leaving unsecured … Read more
Water Polo New Zealand chair Alex Shine has resigned following the unauthorized disclosure of confidential documents and an ongoing, complex Sport Integrity Commission investigation into the sport, according to reporting by the New Zealand Herald and coverage tracked by outlets like The Gist. Shine’s abrupt departure marks the second leadership exit at the national sports … Read more
Leah Stewart survived a brutal white shark attack at Coogee Beach in Sydney’s east, an ordeal that left her in a medically induced coma for nearly two weeks, according to reports by ABC News and news.com.au. The 35-year-old mother of one was swimming between the flags on June 13 when the suspected 3.5m great white … 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
Driven by land speed legend and retired Royal Air Force pilot Andy Green, a hydrogen-powered streamliner has set a new speed record of 653.87km/h at Utah’s Bonneville Salt Flats, according to JCB. The achievement eclipses the previous hydrogen internal-combustion benchmark of 298.5km/h set by BMW’s H2R in 2004, as reported by Forbes, though the result … Read more