CEO Financial News

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Digital Commerce (ONDC), the aggregator platform that runs on open-source technology, is set to launch insurance and mutual fund products in the next two months and will partner MasterCard for credit cards. ONDC also launched six-minute digital loans that will offer unsecured credit to salaried and non-salaried customers. “We have deployed a Marine app, one insurer and two more are coming,” said T Koshy, CEO, ONDC. “For health (insurance) also, we are live, but the partner doesn’t have the licence. The motor (insurance) should happen in the next month or so. And MF will go live next month. We want to hit the 100-200 transactions first.”

Italian Coast Guard announced on Thursday that the body of British tech magnate Mike Lynch is among those recovered from the wreckage of a superyacht off the coast of Sicily. The yacht, deemed unsinkable by its builders, was involved in a tragic incident where one woman, Lynch's daughter, remains missing. Lynch, who had recently celebrated his acquittal on fraud charges with his family and supporters, was among six people whose bodies were recovered by rescue crews following Monday’s disaster. The Bayesian, a 56-meter (184-foot) British-flagged yacht, sank in a storm early Monday while moored about a kilometer (half a mile) offshore. Civil protection officials suspect the vessel was struck by a tornado, or waterspout, which caused it to sink rapidly.

Toronto-Dominion Bank has now set aside a total of US$3 billion to cover a global settlement of criminal and civil investigations into shortcomings in anti-money laundering (AML) controls in the United States, which is likely to turn attention to a plan to replace chief executiveBharat Masrani.

According to its annual investment stewardship report covering the period from 1 July 2023 through to 30 June, the firm only supported 4% (20 out of 593) of proposals put forward by shareholders on climate and natural capital and company impacts on people. This was down from 7% (30 out of 455) in the prior year, and significantly lower than the 47% high in 2021, at the height of the ESG investing boom. BlackRock CEO Larry Fink drops use of term 'ESG' BlackRock's global head of investment stewardship Joud Abdel Majeid said the firm found that most of these proposals were «overreachi...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for the next chief executive officer. The board has extended CEO Bob Iger's retirement date five times. Iger retired once and then was brought back in late 2022 to replace his hand-picked successor, Bob Chapek. Disney won a months-long proxy war with activist investor Nelson Peltz and is refocusing attention on finding Iger's successor.

Cardea, a wealth manager established in 2018, is looking forward to a fresh start – and it’s getting a multimillion-dollar kickstart from a prestigious source.

Zomato has stopped using AI-generated food images. Artists and several others have also come out against such images. While there might be a compelling case for AI-generated images in some instances, platforms have to ensure transparency.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Toronto-Dominion Bank’s expensive foray into the U.S. was supposed to supercharge its growth. Instead, it’s become a drag on profitability and badly dented the lender’s reputation.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

The study reveals that passive funds AUM has grown to Rs 10.2 lakh crore with 17% of total market share. The AUM of active funds stands at Rs 50.9 lakh crore as of June 2024. The equities take away the majority of the share with 59.75% of total AUM, followed by 26.95% in debt, 8.85% in hybrid and 4.44% in others.

Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off

As the wealth management industry faces a plethora of terms and conditions on managing a practice, it can be difficult to keep up with compliance – especially if you’re a newly independent advisor.

Arch Resources and Consol Energy are combining to form a single coal producer valued at more than $5 billion

Time CEO Jessica Sibley made the layoff announcements on Tuesday to her staff. She listed several business challenges, such as decreased advertising budgets, changing consumer behaviour, competition, and a need to concentrate on coverage areas with higher growth, like health, artificial intelligence, and climate change. In order to guard against this time of change and volatility in the media sector, TIME is currently implementing adjustments throughout the entire company. Twenty-two positions at Time magazine, including those in editorial, technology, sales & marketing, and Time Studios, are being laid off. Also Read: Could your daily meat habit be boosting your risk of type 2 diabetes? Here is all you need to know

Karnataka Bank and financial services company Navi Technologies have announced the launch of credit line on UPI, an offering by the National Payments Corporation of India (NPCI). The private sector lender will be offering credit lines through a strategic partnership with Navi, marking Karnataka Bank as one of the early adopters of this next-gen credit product. «This is currently offered to a closed group of select users who are pre-qualified for the product, and it will be launched to more users based on customer feedback,» a release said. It further said the bank is starting with a short-term monthly loan product and is in discussions for adding other variants, like EMI facilities, and working capital credit lines in the future, aligned to customers evolving needs.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

A ban on noncompete agreements that would have widespread impact on employment across industries has been struck down in court.