President Financial News

Bharti Enterprises and Del Monte Pacific Ltd, on Thursday announced Abhinav Kapoor as its new chief executive officer with immediate effect. He will lead the Del Monte Foods senior leadership team across functions and steer long-term strategy for the business, a company statement said. According to Harjeet Kohli, joint managing director, Bharti Enterprises, Kapoor will also amplify focus on the B2B and B2C spaces. Kapoor was previously vice president, sales at VIP Industries, where he was overseeing P&L, multiple channels and sales, the company said in a statement, adding that Kapoor has over two decades of experience in sales and distribution within consumer businesses. He has previously held leadership positions at Cavinkare, Britannia Industries, Mondelez and Marico, the statement said. He succeeds former chief Mahesh Kanchan.

Canada’s second largest airline, WestJet, has reached a deal with its mechanics to end a strike that had disrupted the travel plans of tens of passengers over the Canada Day long weekend

US President Joe Biden is behind many national surveys, especially after the first presidential debate. Many Democrats who are desperately trying to replace Biden on the ballot box have found a consensus candidate in Vice-President Kamala Harris. Biden has not stepped down and has said that he intends to contest the election. As the Democrats grapple with this challenge, Allan Lichtman, a presidential historian and professor who had correctly predicted nine out of the last 10 elections, has a word of advice for the Democrats. He has said that Biden is the best person to contest the upcoming election and Harris cannot rescue the Democrats.

George Clooney, an actor and die-hard Democrat, recently wrote an opinion article in 'The New York Times' advising President Joe Biden to drop out of the 2024 Presidential Election. Renowned political activist Clooney expressed apprehension over Biden's latest debate performance and its consequences for the Democratic Party's chances in November, as per the reports of 'Yahoo News'.

This year's Rath Yatra will feature crucial rituals such as 'Nabajouban Darshan' and 'Netra Utsav' on Sunday. Typically, these rituals precede the Rath Yatra. 'Nabajouban Darshan' symbolizes the youthful appearance of the deities, who were secluded for 15 days in a ritual known as 'Anasara' (quarantine) following 'Snana Purnima'. Mythologically, the deities are said to fall ill after the excessive bathing ritual of 'Snana Purnima' and thus stay indoors. Before 'Nabajouban Darshan', priests perform 'Netra Utsav', where the deities' eyeballs are freshly painted. The Rath Yatra, also called the Chariot Festival, is considered to be as ancient as the Jagannath Temple itself. President Droupadi Murmu is expected to join the multitude of devotees witnessing the Rath Yatra on Sunday, for which the state government has arranged her visit meticulously. The Odisha government has implemented extensive measures to ensure the festival proceeds smoothly, even though it is usually organized within a single day. The chariots, stationed in front of the Lion's Gate of the Jagannath temple, will be transported to the Gundicha temple, where they will remain for a week. Devotees will pull the chariots on Sunday afternoon.

Droupadi Murmu, Prime Minister Narendra Modi and Odisha Chief Minister Mohan Charan Majhi on Sunday wished the people on the occasion of Rath Yatra of Lord Jagannath. The President, in X posts in Odia and Hindi, greeted people on the auspicious day. «I extend my heartiest greetings to all people of our country on the occasion of the world-famous Rath Yatra of Mahaprabhu Shree Jagannath. Countless Jagannath lovers of the country and the world are eagerly waiting to see three deities on the chariot today,» she said. Notably, President Murmu is in Odisha and is scheduled to witness Rath Yatra in Puri this afternoon.

Budget date: Narendra Modi’s first Budget of his third term, to be presented on July 23, will see Finance Minister Nirmala Sitharaman leveraging revenue growth and a record dividend from the Reserve Bank of India. The focus will be on infrastructure investment and targeted spending for the middle class, women, and the agricultural sector. Besides showcasing economic resilience, the government plans to introduce reform measures that bypass the need for legislative approval. “Hon’ble President of India, on the recommendation of Govt of India, has approved the proposal for summoning of both the Houses of Parliament for the budget session, 2024 from 22nd July, 2024 to 12 August, 2024 (subject to exigencies of parliamentary business). Union Budget 2024-25 will be presented in Lok Sabha on 23 July, 2024,” parliamentary affairs minister Kiren Rijiju said in a post on X.

French President Emmanuel Macron on Monday decided to keep his Prime Minister Gabriel Attal in office after parliamentary elections in which the government's political camp lost its role as the strongest party to the left in a hung parliament. «The President has asked Gabriel Attal to remain prime minister for the time being in order to ensure the country's stability,» Macron's office said in a statement. Attal had already flagged on Sunday he would offer his resignation, which follows French political tradition, but added he was prepared to stay in office longer as a caretaker but it was up to the president to decide.

British Prime Minister Keir Starmer has said he would seek to improve the trade deal with the European Union as he began a two-day tour of the U.K. as part of an “immediate reset” with governments in Scotland, Northern Ireland and Wales

Rishi Shah, an Indian-American entrepreneur, has been sentenced to seven and a half years in prison for his central role in a $1 billion fraud scheme linked to his healthcare advertising startup, Outcome Health. This case has reverberated through major financial entities and highlighted issues of corporate governance and accountability.

Toronto, Ontario–(Newsfile Corp. – July 9, 2024) – Cypherpunk Holdings Inc . (CSE: HODL) (OTC Pink: CYFRF) (“Cypherpunk” or the “Company”), a Canadian-based holding vehicle dedicated to investing in companies, technologies, and protocols within the blockchain ecosystem today announced the appointment of Leah Wald, crypto industry veteran, as President and Chief Executive Officer.

US Democratic party are reported to have given a two-week grace period to Biden to improve his approval rating on the various national surveys. This comes in wake of what many are considering to be a disastrous performance by Biden in the last presidential debate. Many donors indicated that it will be tough for them to stomach Biden’s falling numbers and possible loss in the presidential election. Biden seem to be confident of his chances and has refused to step down from the contest against Trump. The donors have asked Biden to take action and fix the falling survey numbers, according to the New York Post.

India and Russia on Tuesday discussed plans to end the Ukraine conflict peacefully as Prime Minister Narendra Modi, during his annual summit meeting with President Vladimir Putin in Kremlin, referred to the death of innocent children in war and terror attacks. «Any person who believes in humanity feels pain when people die, and especially when innocent children die. When we feel such pain, the heart simply explodes, and I had the opportunity to talk about these issues with you yesterday,» Modi said, adding that a «solution cannot be found on the battlefield». The PM said: «For a bright future, war is not a solution. India is in favour of peace. I am hopeful of peace. Ready to cooperate for peace,» Modi said. Briefing the media, foreign secretary Vinay Kwatra said the two leaders discussed several ideas on addressing the Ukraine conflict.

WASHINGTON—The White House once hoped the NATO summit that opens Tuesday would showcase President Biden’s leadership of the trans-Atlantic alliance and his differences with Donald Trump. Instead it has become a pivotal test of his fitness for a second term. A solid performance during the three-day gathering of North Atlantic Treaty Organization leaders could help shore up his candidacy, reminding voters of his support for the 75-year-old military partnership that his predecessor regularly attacked.

It’s time to confront an urgent question: Am I the leader I used to be? The risk of avoiding this question is playing out in Washington right now. And while the fate of the free world might not rest on the answer for most of us, the futures of our companies and co-workers just might. If an honest assessment reveals a lost step, it might mean making small adjustments such as cutting back hours.

Co-host of ‘The Big Money Show’ Brian Brenberg analyzes the latest inflation data and discusses California’s $20 minimum wage increase.

SCO) Summit being held here under the Kazakhstan Presidency will adopt an important document to combat terrorism, separatism and extremism, echoing India's stand on countering terrorism and radicalisation in the Eurasian region. The July 3-4 summit will also discuss an anti-drug strategy to counter the rising menace of drug addiction. Recent arrests of terrorists in Kyrgyzstan and earlier in Tajikistan have established ISIS links emanating from Afghanistan. The Indian establishment has been closely monitoring the spread of ISIS influence in Eurasia and its impact across the border in India, ET has learnt. What has come to their notice is recent ISIS literature that aims to target India, according to sources.

Russia's parliament has approved a bill that would raise income taxes for the rich, in a move to help fill government coffers during the fighting in Ukraine

Samajwadi Party chief Akhilesh Yadav on Saturday accused the Uttar Pradesh government of trying to hide its failure in the Hathras stampede that killed 121 people by making "minor arrests". Yadav, in a post on 'X', said that it looks like such accidents will continue to happen since the state government does not seem to have learnt from the administrative lapses that led to the stampede. The SP chief also tagged a letter addressed to him in his post on X, in which, Ankit Yadav, a resident of Mainpuri district, claims that his father has been wrongly framed in connection with the stampede, and insists that his father has no link with the incident. In a post on 'X' in Hindi, Yadav said, «To hide its failure in the 'Hathras incident', the UP government wants to shirk responsibility for the deaths of hundreds of people by making minor arrests. If this happens, it will mean that no one has learnt any lesson from the administrative failure in such events and such accidents will keep repeating in the future.»

Hemant Soren preparing for his third term as Jharkhand’s chief minister, attention turns to whether she will join his cabinet. Kalpana's political ascent Kalpana’s life took a significant turn in March this year when she officially joined the Jharkhand Mukti Morcha (JMM), over a month after Hemant’s arrest by the Enforcement Directorate (ED). At 38, her transition from homemaker to politician saw her actively campaigning for the party, with Champai Soren’s backing, as JMM's face during the Lok Sabha elections. As per a TOI report, she conducted 151 election rallies, appeared alongside top INDIA bloc leaders, and secured a victory by over 22,000 votes in the Gandey assembly segment in Giridih district. This seat had been vacated by Hemant to bring her into the state assembly in case he was imprisoned due to the ongoing land scam investigation. Upon entering politics, Kalpana stated, «I will be ready to take on whatever responsibility the party gives me.» After her election from Gandey, she emphasised her commitment to accelerating development in her constituency ahead of the assembly elections.

Indonesia’s anti-graft court has sentenced a former agriculture minister to 10 years in prison for extortion, abuse of power and bribery involving ministry contracts with private vendors