CEO Financial News

Elon Musk has denied that he discussed crypto policy with presidential candidate Donald Trump. His comment comes after Bloomberg reported Thursday that the two have had crypto-related talks as Trump highlights Bitcoin and other digital assets on his campaign trail to appeal to a broader voter base.

₹865 a share (25 shares equal one contract). This is the price that option sellers have charged buyers of the 22500 call and put option—straddle in market speak—which works out to a total 7.7% range (22500-865 and 22500+865)to cover their risk in the event of sharp price movements.For context, the Nifty swung 427 points (4%) between intraday high and low in the previous Lok Sabha election result day on 23 May 2019 and 433 points (6%) during the results for Lok Sabha 2014 polls on 16 May 2014.During such events traders' anticipation of wild swings raises prices of both call and put options.

BHP Group has dropped its 38.6 billion pound or $49.3 billion bid for Anglo American

Arete Wealth has announced a deal to bolster its presence in California with a new branch office and more than $800 million in AUM.

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Realta Wealth has taken another step in its leadership-building efforts with a new C-suite addition.

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Orient Electric, part of the diversified $3 billion CK Birla Group, has appointed Ravindra Singh Negi its managing director and CEO, effective May 31, 2024 (subject to regulatory approvals), the company said in a statement on Friday. Negi joins the Orient Electric Board as a full-time Director and will be based in New Delhi. “Negi’s extensive experience across industries and especially electrical consumer durables will be pivotal in guiding Orient Electric towards sustained growth,” CK Birla, Chairman, Orient Electric said in a statement. “Under his leadership, Orient Electric will accelerate its journey to becoming a future-ready consumer-centric organisation. He will continue to build organisation capability and execution excellence towards growing all key businesses.”

Red Bull has bought a minority stake in English soccer club Leeds in a deal that will also see the energy drink company become the team’s shirt sponsor next season

Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Justice Department to prevent and prosecute alleged collusion and price-fixing in the oil industry

Rooftop solar capacity installations in India registered a 26 per cent year-on-year decline to at 367 megawatts during January-March period, mainly on account of rise in input cost, according to Mercom Capital. The country had witnessed 485 megawatt (MW) of rooftop solar installations during the first quarter of 2023, the research firm said in a report on Friday. India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said. India's cumulative rooftop solar capacity was 10.8 GW as of March 2024.

energy minister paused at about 9 p.m. in front of some 1,000 people and told them it was bedtime for Amin Nasser, the chief executive of giant state-owned oil producer Saudi Aramco. He was not joking.

The two FS giants worked with Standard Chartered-owned Hong Kong digital bank Mox and asset tokenisation tech firm Libeara on the PoC, which took place on the Hong Kong Monetary Authority's Fintech Supervisory Sandbox. It saw the first live test of the Mastercard Multi-Token Network (MTN) used for a test scenario where a Mox client wants to buy a carbon credit to offset personal carbon usage and deposit the funds for this in their bank account. In the pilot, Mox requests Standard Chartered tokenise the desired carbon credit using Libeara. Then, through the Mastercard MTN, the client’s deposit is also tokenised and an atomic swap is initiated between the two instruments. The result is a transparent, real-time transaction between Standard Chartered and Mox, with the end client receiving access to a tokenised version of their carbon credit. This can be held in a digital wallet, or used to offset their carbon footprint. Mary Huen, CEO, Hong Kong, Standard Chartered, says: "The tokenisation of real-world assets and the potential use of different forms of tokenized currency is integral to the future of the financial industry."

Also Read- Lok Sabha Elections 2024: Defence, power, industrials among sectors to bet on ahead of election resultAnshuman Arzare MD CEO of Yes Securities said that before election results, investors should adopt a strategy of diversifying their portfolios across various sectors to mitigate risk. Focusing on defensive stocks, such as those in the FMCG (Fast moving Consumer Goods), healthcare, and utilities sectors, can provide stability and reduce volatility.Additionally, maintaining a portion of the portfolio in cash or liquid assets can enable investors to capitalize on market corrections, with buying during dips being a potentially fruitful strategy, suggests Arzare.After the election results, investors need to assess the new government's policies and their potential impact on different sectors as per Arzare.

PPF account qualify for tax deductions under Section 80C of the Income Tax Act, providing additional financial benefits to investors. Third, it helps build a retirement corpus.The current PPF interest rate is 7.1%, which the government has maintained without alteration over recent years.

Anant Ambani will tie the knot with Radhika Merchant on July 12 in Mumbai. The wedding ceremony will take place in the traditional Hindu Vedic way at the Jio World Convention Centre in the Bandra-Kurla Complex (BKC).The main ceremonies will start on Friday, July 12, with the auspicious Shubh Vivah, or wedding function.

A recent survey found that nearly 80% of gamers in the United States have never heard of or played blockchain video games.

LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse.

Ulrich Körner, who served as CEO of Asset Management at Credit Suisse until July 2022 when he became CEO of Credit Suisse, will step down from the UBS Group executive board at the end of June. He plans to retire from the firm later this year, UBS said in a statement today (30 May). This comes on the eve of the merger of UBS AG and Credit Suisse AG — the former owner of Credit Suisse bank -  which is set to take place on Friday (31 May). UBS makes AT1 bonds worth $5bn available for equity conversion Credit Suisse was taken over by UBS in 2023 for $3.3bn when the Swiss bank collapsed...

Morgan Stanley. The global investment bank, in its latest report '2024 Global Economic Midyear Outlook', attributed India's firm growth to three megatrends — global offshoring, digitalization, and energy transition. Morgan Stanley forecasts 6.8 per cent growth in 2024 (against RBI's 7 per cent), and 6.5 per cent the next, and thinks inflation will stay within policymakers' comfort zone.

The New York Stock Exchange (NYSE) on Wednesday announced its intention to introduce cash-settled spot Bitcoin options, pending regulatory clearance.