CEO Financial News

Viacom18 has made three key appointments to its technology leadership team as it looks to scale up its OTT platform, JioCinema. The company has appointed Bharath Ram as Chief Product Officer and Ad Tech Platform Lead. He will be reporting to Kiran Mani, CEO, Digital, Viacom 18. He joins Viacom18 from Flipkart, where he led Product and Engineering functions for key charters including user growth, retention, new product innovation, and new categories.

As part of her new role, Hardman will be responsible pushing through for Downing's £1.6bn pipeline, including ten projects set to be developed across the UK in 2025 and 2026. The company, called Aboria Capital, will leverage Downing's 35-year experience in UK real estate development. Hardman joins Aboria having spent over seven years at DWS, where she started as head of the European portfolio management team in October 2017. There, she oversaw the business's global and European funds and the international clients' separate management account strategies. DWS names head of alternative c...

Wealth Enhancement Group has strengthened its presence in the Northeast with its acquisition of a specialized wealth management practice in Massachusetts.

Among the distinguished guests were US television personalities Kim Kardashian and Khloe Kardashian, Nigerian rapper Rema, and former UK Prime Minister Tony Blair. The event also saw the attendance of business magnates such as Saudi Aramco CEO Amin Nasser and Samsung Electronics Chairman Jay Lee. Bollywood's elite turned out in full force, with stars like Amitabh Bachchan, Shah Rukh Khan, Salman Khan, Ajay Devgn, Ranbir Kapoor, Alia Bhatt, Tiger Shroff, and Varun Dhawan gracing the occasion. Southern cinema icons Rajinikanth, Ram Charan, and Mahesh Babu also added to the glittering guest list. Indian cricket legends Sachin Tendulkar and Mahendra Singh Dhoni, along with current stars like Jasprit Bumrah and Hardik Pandya, were present to celebrate the union.

MUMBAI : Brokerages are fielding increasing demand from clients for a margin trading facility to invest in stocks, possibly triggered by the market regulator’s recent spate of regulatory tweaks aimed at tempering the retail investor frenzy in the futures and options segment. Margin trading facility, or MTF, is considered safer, offers higher leverage, and includes a broader range of stocks.

Mercedes-Benz India MD & CEO Santosh Iyer told the Times of India, «We need to see whether it makes sense… Investments can be done only if the tax advantage of 5% GST on EVs will continue for the next ten years… that gives us confidence.» Iyer added, «This will prompt us to do a business case to start with. Today, there is no business case.»

Laffer Tengler Investments CEO and CIO Nancy Tengler explains why she's recommending investing in equities over bonds for the long term.

Mint. During the height of the Ukraine war, in July 2022, the Reserve Bank of India said that it would put in place an additional arrangement for invoicing, payment and settlement of exports and imports in rupees. The RBI’s move was aimed at promoting trade in rupees and to help ease settlements with Russia.

₹50 crore) and potentially challenging India's largest corporations, or 'rulers', said Mukherjea. “Over the last 12 months, CCP underwent a significant increase in allocation to companies (from 10% previously to over 50% currently) which have seeded new business optionalities through capital allocation decisions over the last 3-5 years," according to Mukherjea’s May 2024 portfolio update.

MUMBAI : India’s highest-paid banker isn’t Sashidhar Jagdishan, chief of the country’s largest private lender, HDFC Bank Ltd. That title goes not to Rajeev Jain, the CEO of Bajaj Finance Ltd, India’s largest non-bank, but to Abhay Bhutada, the recently retired chief of Pune-based Poonawalla Fincorp Ltd. Shadow banks such as Poonawalla Fincorp and Bajaj Finance have been able to shower their bosses with hefty salaries, bonuses and stock options as they reap the rewards of robust business growth.

Revolut CEO Nikolay Storonsky plans to sell a portion of his stake in a $500 million share sale, adjusting his multibillion-dollar investment in the fintech giant.

Leaviss, who has been at the firm for 27 years, will leave in the autumn to pursue a career in academia. Chorlton is currently head of fixed income at Schroders, a position he has held since 2020, and brings more than 25 years' experience in fixed income markets. He will report to M&G Investments CEO Joseph Pinto. As part of the wider succession, Eva Sun-Wai and Rob Burrows will become co-lead managers of M&G's Global Macro Bond strategy, effective from 1 August 2024. M&G's Fedeli: Taking on the CIO role, 'the big industry disruptor' and global opportunities Sun-Wai joined the f...

Ajay Kejriwal, CEO, Choice Equity Broking, says that from the investor's perspective, it is going to have an impact, more so from a trader’s perspective, because some traders had that benefit and some did not. Now all will be at par. And though it is minuscule on the client end, it will benefit the traders. Differential offering was the norm. The regulator, Sebi, came out and said no preferential rates, it should be uniform and now some of the biggest voices in technology-backed low-cost broking are coming out and saying that we may have to hike charges. What is the future? Is the zero broking era over and now, even if it is low, charges would have to be levied?

Minaya will join on 3 September and will report to Robin Vince, president and CEO of BNY.  Once Minaya joins, Smits will transition to chair of BNY Investments to help oversee the change through to the end of 2024. Smits joined BNY in 2020 from Newton Investment Management, where she was CEO for four years. 30% Club's Smits on pushing for parity and moving 'beyond the boardroom' Prior to Newton, she served on the Executive Committee at private equity firm Adams Street Partners from 2001 to 2014, having been Chief Investment Officer from 2008 to 2014. She is currently the glob...

In a trading update for the third quarter published today (12 July), the AIM-listed asset manager reported that AUM fell by 0.9%, from £10.7bn at the start of April to £10.6bn, as market gains of £39m failed to offset net outflows of £139m. Investors withdrew £100m from multi-asset funds and £77m from equities, while £79m flowed into fixed income strategies and investment trusts remained flat. These outflows were slower than the £268m reported last quarter. «It is pleasing to note that we have seen continued demand for our fixed income funds as well as a more recent improvement in the...

When California’s minimum wage increase went into effect in April, fast food workers across the state went from making $16 to $20 overnight

Virginia’s largest utility says it will explore the possibility of using small nuclear reactors to meet growing electricity demands

Ericsson has reported a 44% on-year fall in sales in the second quarter of calendar 2024 in market area Southeast Asia, Oceania and India, primarily due to a moderation in network capex spends by India's top two telcos, Bharti Airtel and Reliance Jio, post-completion of their pan-India 5G rollouts. Ericsson's sales in the Southeast Asia, Oceania and India market area plunged to 7.7 billion crowns (₹6,116 crore approx) in Q2 2024, from 13.8 billion crowns (₹10,961 crore) in the year-ago period. Sequentially, the vendor's net sales in this region was down 10%. «Sales decreased by -44% YoY. Networks sales declined primarily in India as investment levels have normalised after a record year in 2023,» Ericsson said in its earnings report Friday.

Leading Filipino crypto exchange Coins.ph has launched its Philippine Peso stablecoin, PHPC, on the Ronin blockchain.

Delta Air Lines says its second-quarter profit is down 29% from a year earlier, and it's giving a disappointing outlook for the third quarter

Shares of Chewy are volatile in early trading after a regulatory filing revealed that Roaring Kitty, an investor at the center of the meme stock craze, has taken a 6.6% stake in the online pet retailer