Curated news coverage, institutional background, regulatory filings, and investigative reporting across RDU Global.
Jim Ukrop, the longtime leader of Richmond’s Ukrop’s grocery chain and a prominent civic figure, has died at 89, according to local reports. His death closes a chapter on one of the region’s most recognizable family businesses, which grew from a neighborhood grocer into a cultural and commercial fixture in central Virginia.
India's cumulative Foreign Direct Investment (FDI) has reached an unprecedented $843 billion from 2014 to 2026, with a record $94.53 billion inflow in the last fiscal year, according to Commerce and Industry Minister Piyush Goyal.
In a significant ruling, an appeals court has determined that states, including Ohio and Tennessee, have the authority to regulate Kalshi's sports prediction markets under existing gambling laws. This decision poses further challenges for the burgeoning prediction market sector as regulatory scrutiny intensifies.
In a surprising turn of events, the CEO of a leading financial firm has left the company following backlash over a Facebook post featuring an AI-edited family photo. The incident raises questions about corporate governance and social media accountability.
US President Donald Trump has rejected an Iranian proposal to restore commercial shipping through the Strait of Hormuz within seven days, dismissing Tehran's offer as unacceptable despite mounting economic pressure from the waterway's effective closure. The decision deepens uncertainty over a conflict that has already disrupted one of the world's most critical energy chokepoints, rattled oil and gas markets, and increased the likelihood of renewed military escalation.
The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.
The Reserve Bank of India will conduct an overnight Variable Rate Reverse Repo auction under the Liquidity Adjustment Facility on September 28, 2026, offering to absorb up to Rs 2,00,000 crore from the banking system for one day. The move signals the central bank's continued active management of short-term liquidity as it reviews evolving money-market conditions.
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