The Supreme Court, led by a two-judge bench, criticized Parliament for failing to enact a law on appointing the Chief Election Commissioner and Election Commissioners even after a 2023 court direction. The bench described the delay as the “tyranny of the elected,” highlighting how electoral governance rules remain unsettled due to legislative non-action.
Citibank has appointed Raj Rathi as its new head of mergers and acquisitions in India, effective June 2026. He will oversee Citi’s M&A operations, advising on major transactions and strengthening relationships with clients across priority sectors. Rathi previously worked at Dream Sports, marking a shift from startup deal activity to leading one of the world’s banking deal teams in India.
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Hindustan Aeronautics Ltd (HAL) announced that Dr. D K Sunil has stepped down as Chairman and Managing Director upon his superannuation on April 30, 2026. He took over these roles in September 2024. The company disclosed the change through a regulatory filing, signaling a transition in the top leadership at one of India’s key defence aerospace firms.
The Delhi High Court has dismissed a petition challenging the legitimacy of the National Company Law Tribunal’s acting president. The court said the issue has become moot after the Centre appointed Justice Anupinder Singh Grewal as the tribunal’s president. The ruling clears the way for the new leadership, ending the legal contest over the acting arrangement.
Axis Bank said the Reserve Bank of India has approved Subrat Mohanty’s reappointment as Executive Director for a further three-year term. The extended tenure will start on August 17, 2026 and is scheduled to end on August 16, 2029, keeping him in the role under RBI clearance for the next period.
Dr Nikhil Tondon has been appointed officiating Director of AIIMS Delhi on a working arrangement for six months or until a permanent director is selected. The change follows Dr M Sirinivas moving to NITI Aayog. Tondon replaces Dr VK Paul, who has shifted to a full-time member role within the governing structure.
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President Trump has nominated G. Hunter McMaster II as Assistant Treasury Secretary for Financial Markets, a position he has been carrying out since July. McMaster previously led trading at Key Square Group and held senior Treasury advisory and policy planning roles. The Treasury Department also named Quinn Gabriel as White House liaison among other key appointments.
Visa has appointed Suresh Sethi as its Group Country Manager for India and South Asia, entrusting him with strategy and operations across six countries. Based in Mumbai, Sethi will report to Stephen Karpin. He previously headed Protean e-Gov Technologies Ltd, and the move signals a fresh leadership direction for Visa in the region.
IndusInd Bank has appointed Sunil Kumar Singh as its new Chief Compliance Officer, effective April 30, 2026. He will succeed Sachin Patange, whose term ends on April 29, 2026. The board approved the move, and Singh will take on the role as Senior Management Personnel for a three-year term.
Allcargo Group has appointed Punit Misra as President, Chairman Office & Chief Business Officer. With around three decades of experience across media, entertainment, and FMCG, Misra will partner closely with Founder and Chairman Shashi Kiran Shetty to strengthen institution-building and push long-term business sustainability.
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The Public Enterprises Selection Board has recommended Ajit Kumar Panda for the role of Chairman and Managing Director at CONCOR. The selection meeting was held on Saturday. Panda, an IRSME officer with mechanical engineering expertise, has previously worked with RVNL and the Railway Board and has been recognized with national awards for his service.
HDFC Life’s board has approved Vibha Padalkar’s reappointment as Managing Director and CEO, starting September 12, 2026, for a five-year term. Shareholder and regulatory approvals are still awaited. The company says the move supports leadership continuity, and Padalkar has not been debarred by regulators.
The Appointments Committee of the Cabinet has asked the Department of Financial Services to amend the Nationalized Banks schemes and set up FSIB as a single entity. After Finance Minister approval, a government resolution will be issued to centralize recommendations for appointing whole time directors and non-executive chairpersons across banks and financial institutions.
Allcargo Global Limited has appointed Vaishnav Shetty as Deputy Managing Director and inducted him as a member of its Board of Directors. The development signals a leadership reshuffle within the company as it looks to strengthen decision-making and execution. The appointment comes as the firm continues navigating its business priorities and growth plans.
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