Apple Announces John Ternus as New CEO; Tim Cook to Step Down in September

In a monumental shift for the global tech and business landscape, Apple has officially announced that hardware veteran John Ternus will succeed Tim Cook as the Chief Executive Officer, effective September 1, 2026. This massive transition comes as the company heavily focuses its resources on navigating a rapidly evolving market dominated by artificial intelligence, with Cook stepping into an executive chairman role. In domestic corporate news, the Enforcement Directorate (ED) marked its 70th ED Day with Director Rahul Navin highlighting that terror financing and crypto frauds are now absolute primary focus areas for the agency, alongside reporting a massive ₹63,142 crore in asset restitutions. Meanwhile, the Employees' Provident Fund Organisation (EPFO) is currently exploring a new, lower-pension scheme that could potentially replace the existing higher pension system, a move likely to shrink future payouts for subscribers and spark intense debate.