News

Seven & i Holdings is preparing for current president Ryuichi Isaka's retirement, intending to appoint outside director Stephen Hayes Dacus as his successor, marking the company's first non-Japanese president. The leadership shift occurs amid acquisition interests and strategic plans to strengthen their global convenience store operations.

The Enforcement Directorate (ED) conducted searches in Tamil Nadu related to offenses involving the Tamil Nadu State Marketing Corporation Limited (TASMAC) and its associated entities and individuals. The ED also seized cash and incriminating materials in a Rs 400 crore foreign remittance case involving the illegal import of gold, diamonds, and precious stones.

India is set to host the inaugural World Audio Visual and Entertainment Summit (WAVES 2025), which aims to foster global collaboration, innovation, and creativity in media and entertainment. Key initiatives include the "Create in India" challenge attracting over 80,000 entries, a USD 1 billion funding initiative, and the establishment of an Indian Institute of Creative Technologies in Mumbai.

Assam Housing and Urban Affairs Minister Jayanta Mallabaruah outlined a comprehensive plan to tackle artificial floods, improve urban infrastructure, and enhance water management in Guwahati City. The plan includes desiltation work, advanced drainage solutions, restoration of Silsaku Beel, development of sewage treatment hubs, and improved water supply.

The Israeli Air Force conducted airstrikes on a Palestinian Islamic Jihad command center in Damascus, killing at least one person. Meanwhile, the UN Commission of Inquiry accuses Israel of destroying the Palestinian territory's main fertility center and committing acts of genocide during its war in Gaza.