CEO Financial News

Canara Bank MD & CEO K Satyanarayana Raju has handed a dividend cheque of Rs 1838 crore to Finance Minister Nirmala Sitharaman for the financial year 2023-24. Raju handed the cheque at an event in Delhi on Wednesday attended by Prashant Kumar Goyal, joint secretary at the ministry of finance (MoF), and bank’s executive directors Debashish Mukherjee, Ashok Chandra, Hardeep Singh Ahluwalia, and Bhavendra Kumar and Delhi circle chief general manager Rajesh Kumar Singh. This dividend payout reflects Canara Bank's unwavering commitment to its stakeholders and its strong financial health, driven by strategic initiatives and sound banking practices. The bank continues to play a pivotal role in supporting India's economic growth and development through its extensive range of financial products and services, the bank said in a statement.

Union Budget 2024 announcements may include continued focus on renewable energy by the Narendra Modi government, industry players have said, as they expect policy stability and investment in the sector. «From budget what we expect that there are certain areas on which we need to focus. We have seen in budget what is required for the sector. One is the policy stability is very important because there should not be any fear because today we invest, project takes 18 months to 24 months, so policy stability is one key which we expect,» Sharad Mahendra, Joint MD & CEO, JSW Energy told ETNow in an interview. «One is the policy stability is very important because there should not be any fear because today we invest, project takes 18 months to 24 months, so policy stability is one key which we expect. And boost the renewable energy investment, that is also very-very important because the kind of investment which is required to add almost 40 to 50 gigawatts every year is huge,» Mahendra added.

The partnership with Visa will combine a Visa payment card with Tangem's hardware wallet enabling users to make seamless payments using their crypto or stablecoin balance at Visa-accepting merchant location.Tangem Wallet is a card-shaped cold wallet that allows users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets. Unlike traditional custodial solutions, which depend on third-party entities to handle user funds, Tangem's card embeds a private key within the chip and requires the physical card's use in every transaction.

Vanguard, the retail investing giant, is officially entering a new era with a new chief executive taking the reins.

Retiring early, at an age before 60 or even 50, is becoming more and more appealing to many individuals, thanks to the increasing awareness of financial planning and the availability of various investment options. Attaining this objective necessitates a disciplined approach to saving and investing. However, the decision to retire early should not be made hastily. It is essential to evaluate your current financial situation and make adjustments to your investment and savings in line with your retirement objectives.

developers, housing societies are increasingly turning to self-redevelopment. This involves residents hiring a contractor and project management consultant, excluding builders. Selfredevelopment offers clear advantages: any surplus from selling additional inventory stays within the society and is distributed among members. “The major advantage is that society members reap the benefits of the property’s potential rather than the builder,” says Anuj Puri, Chairman of ANAROCK Group. By securing additional FSI directly, the society gains up to 25-30% more carpet area, compared to the typical 10-15% offered by builders. Moreover, the society controls every aspect of redevelopment. “Societies have more say in design, amenities and construction quality,” points out Swapnil Anil, Executive Director & Head, Advisory Services, Colliers India. They can also choose new members for the free-sale area.

quick commerce companies saw an upto 40%-50% uptick in sales and revenues on Saturday nightthanks to the T20 World Cup final and India's victory against South Africa.

deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project «if the project comes for re-bidding», a senior official said. JSW Group had failed to emerge as the winning bidder in the last tendering round, where Adani Ports and SEZ Ltd (APSEZ) had emerged as the L1 bidder in October 2022, and a Letter of Intent to Award (LOIA) was handed over to the company.

Akasa Air spreads its wings on domestic and international routes, the less-than-two-year-old airline's chief Vinay Dube has said he does not think about competition in encouraging or discouraging terms, as the aviation market is «big enough for us to succeed». The carrier, which took to the skies in August 2022, currently has a fleet of 24 Boeing 737 MAX planes and operates more than 900 flights weekly.

Satya Nadella, CEO of Microsoft, recently took to Twitter to extend his heartfelt congratulations to the Indian cricket team for their remarkable victory over South Africa in the T20 World Cup final. The thrilling match, held in Bridgetown on Saturday, June 29, concluded with Captain Rohit Sharma's team clinching a victory by seven runs.

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A bullish move may be ahead for both value and growth in the year's second half.

Ola Electric is working on building solid-state batteries, the chief executive officer of the SoftBank Group-backed electric scooter maker said on Saturday.

Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss weekend paper «Schweiz am Wochenende» on Saturday. «From the second quarter and for the rest of the year, we can expect a stable, positive contribution to growth from volume and product mix,» Markus Schneider was quoted as saying by the newspaper.

fertiliser demand is just now starting to stabilise from seismic shocks of the past few years that left the company with wild profit swings. “We’re getting back at least to a market that we would call stable,” Nutrien Ltd. Chief Executive Officer Ken Seitz said Wednesday in an interview at Bloomberg’s headquarters in New York. Black Swan-like events — unanticipated calamities that pull markets into a tailspin — upended the typical cycles of the market, the CEO said. Russia’s 2022 invasion of Ukraine disrupted global fertiliser shipments and pushed prices — and Nutrien earnings — to record heights. But as farmers and retailers balked at the sticker shock, demand tumbled.

Donald Trump's warning during his debate with Joe Biden that immigrants are taking “Black jobs" and “Hispanic jobs” prompted outrage from Democrats and Black leaders who found the language vague and racially discriminatory

Amazon is reviewing claims that the artificial intelligence startup Perplexity AI is scraping content — including from prominent news sites — without approval

Investor Warren Buffett has announced another $5.3 billion in charitable gifts Friday

Fashion and jewellery retailers are hopeful that festivals and the wedding season in the second half of the year will create more demandas discretionary spending has been subdued, reported TOI. A good monsoon, which gives cash to the people employed in the agricultural sector, is also expected to boost consumption. There was a rise in consumption towards the end of March quarter but full recovery in demand still remains. The mass segment has been impacted the most as there has been a slowdown in spending from the lower income households. The premium segment continues to do well.

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The former CEO of Brazilian retail giant Americanas, Miguel Gutierrez, was arrested Friday in Madrid, and stands accused of participating in a 25 billion reais ($4.5 billion) fraud scheme