CEO Financial News

29.07 / 19:03

Provident CEO Platform Strategy Experts Updates Multimedia Vanilla boosts advisor support with education platform reboot

Vanilla, the estate planning-focused fintech provider, is helping to raise the bar on estate planning across the wealth space as it revives a key advisor education initiative.

29.07 / 15:35

CEO Assurant community hospital Department patient Investigations Steward Health Care announces closure of 2 Massachusetts hospitals

Steward Health Care announced Friday that is it closing two hospitals in Massachusetts because it received no qualified bids for the facilities after declaring bankruptcy earlier this year

29.07 / 14:13

markets CEO Platform Adventure information Features Sporting Ola Electric to launch first all-electric motorcycle in India by 2025: CEO Bhavish Aggarwal

Ola Electric has been known for its electric scooters, including the Ola S1 Pro, Ola S1 Air, and Ola S1X, but the company is now setting its sights on the electric motorcycle market. As per the publication, according to Aggarwal, the first electric motorcycle will be available within the first half of 2025. More detailed information on the forthcoming models will be unveiled at an event scheduled for August 15.

29.07 / 12:25

markets Target CEO Strategy Metro wellness performer BHIVE Workspace leases 42,000 sq ft in Bengaluru

BHIVE Workspace, a managed office spaces firm, has leased 42,000 sq ft of Grade-A office space in Garudacharapalya, Mahadevapura in Bengaluru.

29.07 / 02:31

UPS Provident CEO Experts information reports Wider income tax slabs, higher standard deduction make the new tax regime more attractive. Has Budget 2024 made you richer?

deductions under Section 80 or giving more exemptions have been sorely disappointed. The Budget has not made any change in the old tax regime, but proposed some tweaks in the new tax regime to make it more attractive. The Budget may have also increased the tax outgo for many taxpayers by hiking the tax on capital gains and removing the indexation benefit that applied to property,hybrid mutual funds and gold. Changes in new tax regime

29.07 / 01:55

markets Provident Aware CEO Software Experts Features NPS Vatsalya announced, another tax nudge for NPS in Budget 2024: All you need to know

In a bid to spread the net wider and make the National Pension System (NPS) scheme more attractive, the government has brought private sector employees at par with government staffers in terms of the tax gains that the pension scheme offers.

28.07 / 22:27

Citi Adoption Digital CEO Trade Bitcoin Cantor Fitzgerald Launches $2 Billion Bitcoin Financing Initiative

Cantor Fitzgerald LP is set to venture into the Bitcoin financing sector, providing leverage to cryptocurrency investors.

28.07 / 13:05

COST Digital CEO Platform Food Diversity inclusion Magicpin to invest Rs 100 crore to onboard 1 lakh new restaurants and cloud kitchens on ONDC

fashion discovery and savings platform Magicpin said it will invest Rs 100 crore to onboard 1 lakh new restaurants and cloud kitchens on ONDC.

28.07 / 07:31

markets CEO Platform Remark Trade show Investment in equity MFs surge 5-fold to Rs 94,151 cr in June qtr amid robust eco environment

Investment in equity mutual funds surged over five-fold to Rs 94,151 crore in the June 2024 quarter against Rs 18,358 crore a year ago, driven by a strong economic environment, supportive government fiscal policies, investors confidence and robust stock return. This has also pushed the industry's assets under management (AUM) by 59 per cent to Rs 27.68 lakh crore in June from Rs 17.43 lakh crore a year ago, data from the Association of Mutual Funds in India (AMFI) showed.

28.07 / 07:17

markets Digital CEO Action information reports Updates Cipla expects to commence supplies to US from China plant later this year

Cipla expects to commence supplies to the US market from its China facility in the second half of the current fiscal after getting approval from the American health regulator, according to its MD and global CEO Umag Vohra. Addressing shareholders in the company's Annual Report for 2023-24, he noted that the company is working with the USFDA to resolve issues with its various domestic plants.

28.07 / 05:17

CEO Manoj Mittal takes charge as Chairman and Managing Director of SIDBI

Manoj Mittal takes charge as Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (SIDBI), following his appointment by the Government of India. He has over 33 years of extensive experience in the Finance sector, including his previous tenures as Managing Director and CEO at Industrial Finance Corporation of India (IFCI) and Deputy Managing Director at SIDBI. SIDBI was established on April 2, 1990, under an act of the Indian Parliament. SIDBI is mandated to serve as the Principal Financial Institution for executing the triple agenda of promotion, financing and development of the MSME sector and coordination of the functions of the various Institutions engaged in similar activities.

28.07 / 02:12

markets COST CEO Sustainability Election country Chain reaction: Sluggish demand takes toll on retail operations

retail chains such as Reliance Retail, Shoppers Stop and Spencer’s Retail are facing a prolonged slowdown in consumption, pushing them to exit unprofitable markets, raise debt and control costs.

27.07 / 15:50

Waters CEO security economy Align poverty track NITI Aayog meet: PM Modi calls for preparing an investor friendly charter; rank states on the index

Narendra Modi called for a nationwide investor friendly charter and an index, to be prepared by the NITI Aayog, to rank states on their ability to attract investments.

27.07 / 10:28

markets Provident CEO Software awards Research innovations Top Admired companies in India 2024

Discover the leading companies in India to watch in 2024, distinguished by their innovation, leadership, and commitment to excellence. These admired organizations are setting new benchmarks across various industries, showcasing remarkable growth and resilience. With their forward-thinking strategies and dedication to quality, they are not only achieving significant milestones but also inspiring others in the business world. As we enter the new year, keep an eye on these influential companies that are poised to make a substantial impact and continue shaping India's economic landscape.

27.07 / 07:29

markets FIVE CEO Pool Universities 2020 Mirae Asset Mutual Fund withdraws temporary suspension in large & mid cap fund

Mirae Asset Mutual Fund has announced the withdrawal of the existing temporary suspension on subscription in Mirae Asset Large and Midcap Fund. The fund will resume accepting subscriptions through Systematic Investment Plans (SIP), Systematic Transfer Plans (STP), switch-ins, and lump-sum investments.

27.07 / 07:19

markets CEO Apple economy love consequences Interviews CK Prahalad, the oracle whose wisdom still echoes in Indian boardrooms

From failed steel to soul: Vinay Rai’s dubious reset and redemption During a period when Apple was struggling after Steve Jobs' departure and John Sculley's leadership setbacks, Prahalad still regarded the company as a visionary force. He believed that Apple's recovery, which would indeed occur a few years later, would be driven by its core strength: user-friendliness.

27.07 / 03:08

COST UPS Booking CEO track reports IndusInd Bank Q1 profit flat at Rs 2,171 crore in a lean season

IndusInd Bank Friday reported a flat 2% on-year rise in its June quarter net profit at ₹2,171 crore as business slowed in a seasonally weak review period that the lender's chief executive described as «challenging.» Analysts tracked by Bloomberg had pegged net profit of ₹2,358.6 crore. The lender had earned a net profit of ₹2,124 crore in the year-ago period.

27.07 / 01:49

Waves Manufacturing CEO Enterprise wellness electronic exclusive India is doing a factory reset on the jobs scene

India and the government's budget boost for factory jobs might just be the catalyst to turn a swell into a wave.

27.07 / 01:40

markets CEO reports Schools A third of Mphasis' deal pipeline is AI-led: CEO

Mphasis, which on Thursday night reported a 2.1% increase in first-quarter net profit, is now seeing a third of its deal pipeline being led by artificial intelligence, chief executive Nitin Rakesh said.

26.07 / 23:50

Provident CEO Merit ICE testing recommendations Courts Court order puts DOL fiduciary rule on ice

The future of the DOL’s fiduciary rule became uncertain on Thursday, after a US district court judge ordered a stay on the controversial regulation.

26.07 / 22:08

UPS CEO classical reports International Sporting Kamala Harris suits up in classic pumps for Zeta Phi Beta. Details here

Kamala Harris arrived at Indianapolis International Airport on Wednesday to deliver a keynote speech at Zeta Phi Beta Sorority’s Grand Boule event, her dress and shoes became the talk of the town. She was in a polished ensemble, highlighted by a pair of classic nude pumps. According to the 'Footwear News', Harris chose a pair of nude pump shoes that were timeless and strategic. These pump shoes are actually “power pumps,” and a quintessential power look, that symbolizes confidence and authority while maintaining a sleek and polished appearance.

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