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CEO's refusal to overhaul fueled surprise HDFC Bank leadership shakeup

Rajiv Kumar urged HDFC Bank CEO Sashidhar Jagdishan to accelerate loan growth, step up technology investments and address legacy issues, sources said

Apple's 2,275% gain under Tim Cook is a tough act for John Ternus to follow

Cook's 15-year tenure saw Apple's market value grow from less than $350 billion to $4.6 trillion, with shares gaining 2,275% since he became CEO

Apple sets pay targets at $58 million for Ternus, $47 million for Cook

The new CEO will be paid a $3 million annual base salary moving forward and receive a stock grant with a target value of $55 million next year

Food safety crackdown on dirty kitchens rides wave of online anger in India

Violations discovered during recent raids include infestations of flies, rats and cockroaches, expired or adulterated raw ingredients and improper storage

Tata Sons chairman search hits roadblock over trust's nomination delay

The search process is being held up because Sir Ratan Tata Trust remains barred from conducting internal meetings under restrictions tied to an ongoing probe

Global Bond selloff sends yields to the highest level since 2008

The move started after Federal Reserve Chairman Kevin Warsh doubled down on his vow to finally tame inflation, and was extended this week as energy prices rose on renewed conflicts in the Middle East

Weak monsoon threatens India's key crops, raises risk of food price rise

India faces below-normal rainfall in September after a 14% deficit through August, raising concerns over soil moisture and crops including rice, sugar cane and soybeans

Will miss this work, says Tim Cook in final memo as Apple CEO; backs Ternus

Cook, who succeeded Steve Jobs in 2011, will become Apple's executive chairman and continue working with governments including those of the US and China

India's stock auction needs market makers as price swings persist

The NSE auction absorbed a record $4.2 billion in MSCI-linked trades, but sharp price swings persisted, highlighting concerns over thin liquidity and the lack of market makers

Apple accuses OpenAI of destroying evidence in trade secrets lawsuit

Apple alleged OpenAI is destroying key evidence and said former engineer Chang Liu downloaded a confidential circuit schematic and used it in his work at the AI company

US plans to get board veto, right of first refusal in Venezuela oil deal

The White House said the US will have first rights to buy 80% of the oil produced by a private operator in Venezuela and veto power over board appointments

Pakistan says more Muslim nations keen to join Mecca Defense Pact

Bangladesh is the latest country to express interest in joining the pact, signed on Aug. 7, which stipulates that an armed attack against any of the three nations will be considered an attack on them

Saudis explore about $8 billion in loans as war strains finances

State-backed oil major Saudi Aramco is holding similar discussions with banks, some of the people said. Both potential transactions are at an early stage and may ultimately not materialize

Trump's ICE eyes $2 million Robot Dogs for immigration enforcement

From Shock Gloves to Robot Dogs: ICE Expands High-Tech Enforcement Arsenal

Shein IPO values fast-fashion giant at $26 billion, far below peak

Shein raised $1.7 billion in its Hong Kong IPO at a $26 billion valuation, as slowing growth, tariffs and competition threaten the fast-fashion retailer's prospects

MSCI rebalancing threatens to turn 'messy' in India's new closing auction

India's new closing auction system will face its biggest test on Monday as MSCI rebalancing sends about $5 billion in passive-fund trades through markets, raising liquidity concerns

Billionaire PV Krishna Reddy taps $700 mn private credit for Megha buyout

Megha Engineering MD PV Krishna Reddy is seeking about $700 million from global private credit investors to fund the purchase of his uncle's 43% stake in the company

BYD's overseas revenue tops China sales for first time as profit rises

BYD's overseas revenue accounted for 53% of first-half sales as domestic revenue fell 31%, highlighting the growing importance of foreign markets for Chinese carmakers

EssilorLuxottica clan's $47 billion fortune rift grows with heir's exit

A feud among Leonardo Del Vecchio's heirs over his €40 billion fortune is deepening, raising governance concerns at Delfin and its key investments

Iceland votes against resuming European Union re-entry talks in referendum

Icelanders reject reopening EU membership talks, citing sovereignty and control over fisheries, dealing a blow to the bloc's efforts to revive its appeal