Shanti Ekambaram, Kotak Mahindra Bank's Deputy MD, will retire in October 2025 after three decades. Her departure follows Uday Kotak's exit and other senior leaders, including KVS Manian. Paritosh Kashyap is appointed as whole-time director, pending approval. Ekambaram's exit adds to the list of senior leaders who have exited since Uday Kotak's early retirement.
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At Harvard's convocation, Dr. Abraham Verghese, an Indian-origin physician and author, delivered a commencement speech subtly critiquing the MAGA-infused political climate. He highlighted the importance of American values like the rule of law and truth, which he believes are currently under threat.
Sikh Federation UK threatens to campaign against Labour MPs starting August 1 if PM Keir Starmer doesn't announce a judge-led public inquiry into Britain's role in the 1984 Operation Blue Star by the end of July.
Royal Challengers Bengaluru dominated Punjab Kings, securing an eight-wicket victory in Qualifier 1 and advancing to their first IPL final since 2016. Punjab's aggressive batting faltered, leading to a mere 101 runs. RCB chased the target in 10 overs, propelled by Phil Salt's explosive half-century.
Defence Minister Rajnath Singh has approved the AMCA Programme Execution Model, aiming to boost indigenous defence capabilities. The Aeronautical Development Agency will collaborate with industry partners to develop the AMCA prototype, a fifth-generation stealth fighter jet. While the first two squadrons will use GE-F414 engines, the next five will feature 110 kilonewton engines, with production expected by 2035.
Good news for taxpayers. The Central Board of Direct Taxes has provided an extension for filing Income Tax Returns. The new deadline is September 15, 2025. This applies to returns originally due by July 31, 2025. The extension accommodates revisions in ITR forms. It also considers ongoing system development.
Muhammad Yunus, the interim head of Bangladesh, is reportedly considering resigning due to political deadlock and pressure from various factions. He faces criticism for delaying elections, a warning from the army chief, and accusations of undermining freedoms from Human Rights Watch. According to reports, Yunus said in the meeting with his advisers, "what is the point of being the chief advisor if he cannot function properly?”
Muskan Rastogi, accused of murdering her husband, an ex-merchant navy officer, has expressed her desire to study law while incarcerated in Meerut's Chaudhary Charan Singh District Jail. Claiming inadequate legal support, she aims to represent herself. Jail officials are exploring options for her to pursue legal studies through IGNOU, despite her lacking the required senior secondary certificate.
In Bengaluru, a businessman named Shashank S. has accused a Zepto delivery agent, Vishnuvardhan, of physical assault following a dispute over a mismatched delivery address. The incident escalated when Shashank intervened in an argument between the delivery agent and his sister-in-law, resulting in the agent allegedly punching him and causing a skull fracture.
In Gorakhpur, Uttar Pradesh, all poultry shops are closed for 21 days after avian influenza strains H5N1 and H9N2 were detected in bird samples from five city localities. Following confirmation from NIHSAD Bhopal, culling operations began within a 1km radius of infected zones.
CBSE now permits students with Basic Mathematics in Class 10 to opt for Standard Mathematics in Class 11 for the 2025-26 session. This continues a relaxation started during COVID-19. The decision allows greater academic flexibility, especially for those now wanting a stronger math foundation. Principals must ensure students have the aptitude. Once subjects are finalized, no changes are allowed.