CEO Financial News

Paytm, according to sources cited by The Times of India. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad on Tuesday to "finalize the contours of a deal."However, Paytm denied any such talks.In a clarification issued on the bourses, it said, "We hereby clarify that the abovementioned news item is speculative and the Company is not engaged in any discussions in this regard.

Shark Tank India to begin investing in mutual funds and through systematic investment plans (SIPs).In a video posted on X (formerly known as Twitter), Gupta is seen behind the scenes on the sets of Shark Tank India, advising and encouraging staff to begin investing.Also Read | Monthly SIPs, gift fund & more: Edelweiss' Radhika Gupta's guide to investment plans for children"Can’t take the Mutual Fund CEO out of me, even behind the shoots of Shark Tank," she posted."This conversation is a reminder of how many people still need to learn about the power of MFs and start investing… and for my MFD friends, a nudge that a lot of people are looking for guidance and advice!" she added.In a video post on May 29, Gupta asked Shark Tank India staff backstage how many of them have invested in mutual funds (MF) or started an SIP, to which a majority replied that they haven't started any yet.To which she responded with: "Before I leave this schedule, all of you need to start an SIP. Kaise karni hain, hum sab baithe hain, agar aaj nahi hui toh hum aake class lenge.

Aditya Birla Fashion and Retail: ABFRL reported a net loss of ₹266.4 crore for Q4, an increase from the previous year’s loss of ₹194.5 crore. The company’s revenue rose by 18.3% to ₹3,406.7 crore. EBITDA also increased by 47.1% to ₹283.7 crore, and EBITDA margin improved to 8.3% from 6.7%.

The project stands to revolutionize how data is accessed, utilized, and secured, boldly challenging the centralized industry giants that have dominated the AI lifecycle

Carson Group fired back at a former executive’s retaliation and discrimination claims in court last week.

Sorin Investments, an early-stage venture firm founded by former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore, people aware of the matter told ET. The fund counts KKR cofounder Henry Kravis, and Indian family offices such as Hero Group’s Munjal family and Hong Kong-based The Caravel Group’s Banga family among its key sponsors. Sidbi-sponsored Fund of Funds for Startups (FFS) scheme, and a startup fund set up by the Uttar Pradesh state government also took part in the fundraise.

deal tenures for India’s over $250-billion outsourcing industry. At least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrangements are now ending in four years. Earlier, the tenures ranged between 10-12 years.

OpenAI has started training of an upgraded artificial intelligence (AI) model. This AI model, once implemented, will be advanced than that of GPT-4 system. OpenAI revealed the establishment of a new safety and security panel, which will provide guidance to the entire board on essential safety and security matters related to its projects and operations.

The former chief executive of FTX’s Bahamas subsidiary was ordered to spend 7.5 years in prison, the first of Sam Bankman-Fried’s close associates to be sentenced in the wake of the cryptocurrency exchange’s implosion.

National Asset Reconstruction Company (NARCL) has recommended P Santhosh for the post of managing director and chief executive officer of the state-owned bad bank, people aware of the matter said. Santhosh has been interim CEO of NARCL since January, soon after N Sundar abruptly resigned as the CEO ahead of his term.

Financial services firm IIFL Securities is set to venture into the wealth management business. The company has roped in industry veterans Raghav Gupta, Prakash Bulusu and Amit Srivastava from ASK Asset and Wealth Management to drive the unit. Gupta and Bulusu will be in charge of the wealth businesses as joint CEOs, while Srivastava will oversee investments and products for the firm as a senior managing partner. «With the joining of these three veteran and accomplished private bankers, the mandate is now to transform IIFL Securities and take it to the next level,» said R Venkataraman, chairman of IIFL Securities. Currently, IIFL Securities has retail broking, institutional broking and investment banking units.

Taylor Swift, the pop icon whose wildly successful Eras concert tour catapulted her net worth to stratospheric heights last year, isn’t the only new billionaire to take a spot among the wealthiest women in the US.

Dominari Financial CEO Kyle Wool discusses Federal Reserve policy, stock performance and top IPOs on 'The Claman Countdown.'

Triton 4000/2 Abyssal Explorer is a vessel worth $20 million designed by Patrick Lahey. Conner claimed that the two-person submersible can make repeated voyages in the deep ocean. "Patrick has been thinking about and designing this for over a decade.

Consumer confidence in the U.S. rose in May following three straight months of declines, but Americans remain anxious about elevated inflation and interest rates

Grandage had originally assumed the role in an interim capacity following Young's departure at the end of April this year. Stephen Bird exits abrdn as Jason Windsor takes interim CEO role He will report to Peter Branner, abrdn's chief investment officer, and lead the global sustainability and ownership strategy.  In the role, Grandage will continue to ensure that sustainability remains an integral consideration in the investment process to help deliver risk adjusted returns.  Prior to his decade at abrdn, Grandage held positions with WSP and RPS Group, which was acquired by the ...

OpenAI says it’s setting up a new safety and security committee and has begun training a new artificial intelligence model to supplant the GPT-4 system that underpins its ChatGPT chatbot

T-Mobile is buying U.S. Cellular’s wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry

Senior living firm Columbia Pacific Communites is being merged with Kites Senior Care. This merger is expected to create one of the largest senior living firms in India. “The merger is under process for the India business of Columbia and is unlikely to impact the existing joint ventures. Columbia Pacific Communities has a net worth of over Rs 25 crore and is likely to be valued in the same,” said multiple people aware of the development. The latter has undergone a leadership change, with Mohit Nirula resigning in July 2023 to join Oberoi Hotels. V Siva Kumar was appointed interim director at Columbia Pacific Communities and is now the CFO.

Sriraman Parthasarathy, Partner, Deloitte India, says, “The role of CTrO involves overseeing trust-building initiatives by continuously assessing the trust levels within and outside the organisation. The trust framework chosen by the organisation would typically include several domains covering interalia corporate culture, employee satisfaction, compliance, digital, customer experience, etc. While trust building is a collective responsibility within the company, having a CTrO often makes one person directly accountable to the board, due to the critical and overarching nature of the role.” Shantanu Rooj, Founder and CEO, TeamLease Edtech, explains that the underlying reasoning for this designation is the rising importance of trust in today’s world. The pace of digital transformation, increasing polarisation of media, geopolitical uncertainty and increasing expectations of stakeholders make trust a top-of-mind issue for executives. As more business functions seek to demonstrate trust, the chief trust officer has emerged as a strategic leader to help build trust across the organisation and the surrounding ecosystems.

Apollo Hospitals' arm to raise ₹2,475 crore from Advent InternationalModenik Lifestyle is the merged entity of Advent International's portfolio companies Dixcy Textiles Pvt Ltd and Gokaldas Intimatewear Pvt Ltd, the parent firm of the Enamor brand. The company is headquartered in Bengaluru.Advent International acquired a 60% stake in Dixcy Textiles in 2017, and bought the remaining 40% in 2019.