CEO Financial News

Reuters reported that the upcoming first full-fledged Budget 2024 of Modi 3.0 is expected to relieve taxpayers, as the government considers reducing income tax rates for specific groups of individuals. The report also indicates that the government is considering lowering income tax rates for individuals earning annual incomes of ₹10 lakh.Moneycontrol reported, quoting government officials, that the Centre plans to raise the income threshold before any tax is levied from ₹3 lakh to ₹5 lakh in the upcoming budget.

NPS vs PPF vs EPF: Selecting the right investment vehicle is essential when planning for retirement. In India, three popular options with distinct advantages and features are the Public Provident Fund (PPF), National Pension System (NPS), and Employees' Provident Fund (EPF). However, there is no one-size-fits-all strategy. Choosing between the NPS, PPF, and EPF depends on the individual's financial goals and risk tolerance. Financial experts recommend starting retirement investments at a young age—the earlier, the better—to experience the power of compounding.

₹5,560 crore (USD 670 million). This investment includes both new capital and share purchases. This is the largest foreign investment in India's general insurance sector and the first major investment since the FDI limit was raised from 49% to 74% in 2021 in the insurance sector.“The acquisition of Kotak General Insurance sets the way forward for Zurich to be a leading player in a very significant growth market – India.

Sam Salehpour, an engineer at Boeing, told lawmakers that the company is cutting corners in assembling its 787 and 777 jets and claimed his supervisors have retaliated against him for blowing the whistle. (Credit: Senator Hawley Press Office)

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A South Korean crypto fraudster will serve 10 years in jail after the High Court upheld his original sentence.

The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February

MONTREAL — Nuvei Corp. shareholders have voted in favour of a plan that will see the company bought by an American private equity firm and taken private.

cryptocurrency market cap dropped by 2.03% to around $2.36 trillion in the last 24 hours. As of 11:45 a.m., Bitcoin was down 0.8% at $65,701, while Ethereum fell below the $3,450 level.

Wealth Enhancement Group is expanding its East Coast profile as it snaps up an independent fee-only investment and planning firm.

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology

Hyundai Motor Group says it plans to begin manufacturing IONIQ 5 electric SUVs at its sprawling new plant in Georgia this fall

Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry's bidding by considering changes to a sweeping set of regulations aimed at boosting the capital cushion that large American banks would be required to hold.

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Boeing Chief Executive David Calhoun faces a congressional grilling Tuesday that will include surprise allegations from another whistleblower over quality issues. Calhoun will appear before a Senate subcommittee that is probing problems at Boeing, from glitches in its production process in the wake of a Jan. 5 blowout to claims of retaliation against employees who raise red flags.

Boeing's CEO is getting his day in front of Congress, and lawmakers are expected to have many questions about safety at the troubled aircraft company

Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday

Sony Pictures Entertainment on Tuesday said it has appointed Nachiket Pantvaidya as General Manager of Sony Pictures International Productions (SPIP), India. He will oversee local Indian production while working alongside Shony Panjikaran, General Manager and Head of Sony Pictures Releasing International, India, the company said in a statement. «As he takes up this new assignment, he will continue to perform his duties as CEO, Sony Entertainment Talent Ventures in parallel,» it added. An industry veteran, Pantvaidya was the Group CEO, Balaji Telefilms and Business Head of Sony Entertainment Television. He was also the Business Head of Star Plus and held several roles in the Star TV network, including Head of Star Pravah and Managing Director of Fox Television Studios.

Fisker, a much-hyped startup that sought to mimic Tesla’s success, has filed for bankruptcy, roughly a year after releasing its first electric-vehicle model. The filing marks the second time an automotive venture by car designer Henrik Fisker has gone bust and follows weeks of quietly winding down its operations. The seven-year-old California-based company sought a cheaper and faster entry into the auto industry by outsourcing manufacturing but struggled with the complexities of running a publicly held company.

Tether on Monday launched Alloy, a gold-backed stablecoin pegged to the US dollar. This marks the issuer’s tethered asset debut, with Alloy (aUSDT) mintable through the new platform.

Boeing 737 Max jetliners plan to be in the room, watching him. CEO David Calhoun is scheduled to appear before the Senate investigations subcommittee, which is chaired by Sen. Richard Blumenthal, D-Conn., a Boeing critic. The hearing will mark the first appearance before Congress by Calhoun — or any other high-ranking Boeing official — since a panel blew out of a 737 Max during an Alaska Airlines flight in January. No one was seriously injured in the incident, but it raised fresh concerns about the company's best-selling commercial aircraft.