CEO Financial News

SBI Mutual Fund has announced the launch of SBI Silver ETF Fund of Fund, an open-ended fund of fund scheme investing in SBI Silver ETF. The new fund offer of the scheme will open for subscription on June 27 and it will close on July 5. The investment objective of the fund is to provide returns that closely correspond to returns provided by SBI Silver ETF.

Succession planning is crucial for strategic business management and remains a top priority for boards, alongside fundraising and maintaining balance sheet health, says Ishwa Consulting “Our research indicates that companies with robust succession plans outperform their peers by 20% in revenue growth and shareholder returns. However, promoter-driven companies continue to lag behind. In 2024, 27% of promoter-driven companies have formal CEO succession plans, up from just 9% a decade ago,” it adds.

Matthew Baltzell, CEO of Cap X Media, ignited an online controversy with his recent LinkedIn post about firing an employee. The post, featuring a smiling photo of Baltzell, detailed the termination process, which many found both professional and insensitive. In his post, Baltzell described the 10-minute meeting where the employee was informed of their layoff, offered a severance package, and a future job reference. He emphasized maintaining honesty and professionalism throughout the process. The post quickly drew mixed reactions on social media.

International Yoga Day 2024: Transcending the boundaries of cultures and ethnicities, Yoga has become a global movement for fitness enthusiasts and those who want to adopt a healthy lifestyle. The celebration of International Yoga Day on June 21 worldwide is a testimony of the growing influence of the ancient Indian practice.

Tesla camp, as recent reports reveal that Elon Musk's organization has downsized its employee count by at least 14% this year. The aggressive approach towards employee downsizing comes shortly after Musk had announced in April that Tesla will be doing away with its global workforce by a margin of 10% in the coming days.

Celebrity chef Andrew Gruel discusses the rising cost of doing business in California as a beloved fast-food chain is forced to close 48 locations throughout the state.  

Fiera Capital Corp.’s founder and his top managers solidified their control over the Canadian asset manager, striking a deal to buy out a top investor that was looking to exit its holding.

Jupiter’s non-banking finance company (NBFC) business, housed under a separate entity named Amica Finance Pvt Ltd, has raised Rs 20 crore in its maiden equity funding round from investors, including Peak XV Partners and Matrix Partners. The funding round was led by Peak XV Partners, with an infusion of Rs 5.2 crore, followed by Matrix Partners, with a Rs 4.3 crore investment. Other investors in the round include QED Fund, Greyhound Capital, Tiger Global, Beenext, Mirae Asset Venture Investments, and Global Founders Capital, among others. These investors have also backed Jupiter.

Anthropic, a startup backed by Google and Amazon.com, on Thursday released an updated artificial intelligence model and a new layout to boost user productivity, continuing an industry sprint to push technology's frontier. Three months after rolling out its Claude 3 family of AI models, Anthropic said it was launching Claude 3.5 Sonnet.

"Banyan," could feature a superior version available for a monthly fee of around $5."Banyan," named after the expansive ficus trees, represents the first major update to the voice assistant since its 2014 launch alongside the Echo speaker line, adds the report. The new iteration, dubbed "Remarkable Alexa," is expected to significantly enhance the assistant's capabilities.

cybersecurity firm Kaspersky denied Friday that it is a security threat after the U.S. Commerce Department banned the use of its software in the United States. The Moscow-based company — whose CEO Eugene Kaspersky is Russian — said in a statement that the Commerce Department's decision would not affect its ability to sell and promote its cyber security products and training in the U.S.

Bitcoin was trading 1.3% lower at $64,592 as of 11:56 a.m. IST, while Ethereum was below the $3,550 level.

Nifty index, a pivotal benchmark, erased all 2024 gains, descending below 21,300 to conclude at 21,884.50, whereas the Sensex closed at 72,079.05, indicating a substantial decline.Sudden reactions, such as panic selling, can be detrimental during these times of volatility. This article aims to furnish essential insights for effectively navigating the turbulent market.Amid ongoing market volatility, it is essential for investors to consider and contrast traditional and alternative investment approaches to make well-informed decisions that can safeguard their portfolios from uncertainty and cultivate potential for future growth.

Green finance is one of the most fundamental requirements to make MSMEs more climate-friendly. Many small and medium businesses face challenges in raising capital to run and expand their businesses. So their challenge becomes steeper when it comes to raising funds to invest in cleaner technologies, energy efficiency upgrades and sustainable business practices. But now, fintech is working on developing innovative solutions for MSMEs to make the transition to greener processes. Register for the ET MSME Day 2024 here.

Rajat Sharma, Founder & CEO, Sana Securities, says initiating a lot of buying right now in technology and pharma sectors. Technology as a sector has done nothing. There is some kind of perception that Indian companies have not caught up with the whole artificial intelligence, with the whole AI theme and the stocks. If we look at how stocks in the US have moved, how Nasdaq has moved, the Indian IT sector has completely lagged behind and pharma is the other one. Considering you have been bullish on the private sector banks, you must be smiling right now. Rajat Sharma: No, actually, I have really not been bullish on private sector banking. The only bank from the private sector space that I have in my portfolio is Federal Bank and that is because I am positive on smaller private sector banks like IDFC First and Federal Bank. What I had said was, the larger private sector banks like HDFC Bank, IndusInd Bank, Axis Bank have really not delivered any return in the last three years or so.

SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000. «SoftBank Group has done many things until now that have all been a warm up for my great dream to realise artificial intelligence,» Son told shareholders at the group's annual general meeting.

YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of Baroda among others will be in focus due to various news developments. YES Bank The Board of YES Bank will meet on June 25 to consider and approve a fundraising proposal through issuance of debt instruments.

₹55,000 crore, have evoked disparate reactions from bankers. While lenders are salivating at Bharat Petroleum Corporation Ltd’s (BPCL’s) ₹32,000 crore loan proposal, they are circumspect on lending to Vodafone Idea, which is looking to raise ₹23,000 crore through loans to strengthen and expand its network. Combined, the two loans equate to about 2% of the outstanding loans to large industries.

Tech giant Nvidia is now worth over $3.2 trillion, with its dominance as a chipmaker making it the poster child of the artificial intelligence boom

MyVest, a prominent provider of enterprise wealth management technology to deliver personalized, tax-efficient retirement income solutions through a new collaboration.

Carson is extending its reach in the Northeast as it brings  a two decade-old independent into its partner network.