CEO Financial News

AbleCredit, a credit underwriting company, has raised $1.25 million in the seed round led by Merak Ventures, with participation from Venture Catalysts and Helios Holdings. The investment from Merak Ventures will enable the startup to scale its operations, along with business growth and expansion, it said.

Mygate has entered the insurance distribution business, having received the aggregator licence from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance policies. The Bengaluru-based company has partnered with insurtech startup Acko General Insurance to distribute its insurance products. It is integrating Acko General Insurance’s services into its platform to provide access to insurance for four million households on the Mygate app.

He blamed management for losses of $108.5 million he discovered last year.

As climate change makes storms more frequent and intense, Florida community foundations are looking for new ways to make sure they have resources on hand to support the public before, during and after a disaster

Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather

₹16,600 crore through qualified institutional placement (QIP) and other methods.The Board of Directors of Adani Enterprises, at its meeting held on May 28 has approved raising of funds by way of issuance of equity shares and other eligible securities or any combination thereof, for an aggregate amount of ₹16,600 crore by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches, Adani Enterprises said in a regulatory filing.However, the fundraising will be subject to the receipt of the necessary approvals including approval of the members at the ensuing Annual General Meeting of the Company scheduled to be held on Monday, 24th June, 2024 and other regulatory and statutory approvals, the billionaire Gautam Adani-led company added.Also Read: NCLAT upholds Adani Goodhomes’ resolution plan for Radius EstatesOn Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.On Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.In 2023, the flagship Adani Group company Adani Enterprises came with a follow-on public offer (FPO) to raise ₹20,000 crore.

₹60.41 crore for it, including the cost of stamp duty. The apartment is on the 24th floor of the Three Sixty West building on Dr. Annie Besant Road.

announced his intention to step down after 25 years at Sony last week.At Disney Star, Banerjee oversaw content for Hindi entertainment and Disney+ Hotstar, and served as business head for Star Bharat, as well as Hindi and English movies, kids & infotainment, and regional (east) channels. He was not immediately available for comment.A former journalist, Banerjee began his career at Aaj Tak before joining Star News in 2004 as a prime-time anchor and senior producer.

CNBC-TV18 reported.During the recent earnings conference call, IndiGo's CEO Pieter Elbers revealed the airline's foray into the business class segment. "We will have business class seats deployed on India’s busiest and business routes," CNBC-TV18 quoted an Indigo official.Thus, as per media reports, business class seats will be available on India's most prominent airlines, with 10 to 15 aircraft operating on major domestic metro routes.

Mukesh Ambani and his wife Nita Ambani are all set to host Anant Ambani and Radhika Merchant's second pre-wedding celebrations in Italy between 28 May to 1 June. It is expected that actors, cricketers, businessmen and celebrities would mark their presence at the event.Earlier on Monday, Alia Bhatt, Ranbir Kapoor, Ranveer Singh, Salman Khan, MS Dhoni, and Anil Ambani were seen at Mumbai's private airport. The luxury cruise will embark on a picturesque 4,380-kilometre journey from Italy to the South of France and back.

The Covid-induced lockdowns, which spared millions of ordinary officegoers the daily commute and spawned a loyal army of equity investors, appear to have drastically altered the asset-class mix of household savings in India. Equity is now the visibly dominant category in pooled funds, garnering a three-fifths share of the money mobilised by mutual funds, as stocks became the preferred bet for the ordinary saver seeking to beat a sticky inflation gauge.

Infosys is pivoting to a GenAI first company, Salil Parekh, chief executive and managing director of India’s second-largest software services firm told ET. In a wide-ranging interview with Sameer Ranjan Bakshi, Beena Parmar and Surabhi Agarwal, he spoke of his plans to prepare the $18.6 billion software services giant — through its Topaz platform — for the GenAI-led transformation that will take root as global macro-economic concerns ease. For now, as clients postpone large digital transformation projects amid uncertain demand for technology services, Infosys will choose profitability over growth. The 59-year-old — whose second tenure as Infosys CEO extends until 2027—said his spare time these days is devoted to experimenting with different AI tools. Edited Excerpts The current financial year was supposed to be one of recovery, how has it been so far?

Online fashion retailer Myntra has gained market share over the past 12-18 months, chief executive Nandita Sinha told ET, even as the platform is facing rising competition from rivals like Reliance Ajio and Nykaa. Sinha, a Flikpart veteran and the fashion etailer’s CEO for nearly two-and-a-half years, said international brands and direct-to-consumer (D2C) brands have emerged as a top focus area for the firm, as they drive a significant part of high-value retail for the firm. Myntra is also accelerating diversification into fashion peripheral sectors like beauty and home decor, she said in an interview.

Bill Gross, the veteran bond investor often referred to as the “Bond King,” has spoken out about the potential impact of a Donald Trump presidency on the US bond market.

A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs.

polling stations, mostly located in North and South 24 Parganas districts of West Bengal, were damaged due to the impact of Cyclone Remal, a senior poll official said on Monday. The disaster also adversely affected preparations for the upcoming seventh and final phase of polling scheduled on June 1, he added. «Most of these polling stations have been badly hit by the cyclone. They are submerged in water or have sustained other types of damage,» the official told PTI. Polling for the nine Lok Sabha seats — Dum Dum, Barasat, Basirhat, Jaynagar, Mathurapur, Diamond Harbour, Jadavpur, Kolkata Dakshin, and Kolkata Uttar — is scheduled on Saturday. Among these, several assembly constituencies under Diamond Harbour and Basirhat seats were hit by the cyclonic storm.

Also Read: Avaada Energy secures 1,050 MWp solar power project from NTPCHere’s a small example of how solar investing works if you are investing in solar assets through a Limited Liability Partnership (LLP).Initiation by an Organization: An organisation or housing society wants to set up cost-effective solar power for their consumption and have another source of energy. They don’t want to do it on their own as they are not sure about the initial investments.Role of the Leasing Platform: Now, a leasing platform steps in, instals, and maintains the solar panels.

Free, ad-supported streaming television, or FAST channels as they are known, is slowly gaining popularity among Indian viewers who are looking for programming that is free of cost and caters to specific language or genre segments as the penetration of large connected TV (CTV) sets grows. The channels, targeted at niche audiences, are ad-supported like linear TV channels, but allow content owners with specialized libraries including music, news or regional content, to build their own audience independent of traditional networks.

MUMBAI : Investors in India’s equity markets seem to have regained confidence about political and economic continuity heading into the last leg of the national election. One clear indicator of this is that the net value of the marketwide options' open position plunged from ₹4.96 trillion on 7 May to ₹91,149 crore on 24 May, a day ahead of the sixth phase of the election. The last phase of voting will be held on 1 June, and the election results declared on 4 June.

Nazara Technologies share price rallied over 11.50 per cent on Monday to ₹685 per share, hitting 52-week high after the company said that the promoter Mitter Infotech sold 6.38 percent stake to Plutus Wealth Management through a block deal, on May 27. Plutus Wealth Management has been a pre-IPO investor in Nazara Technologies since 2020.“The Block Trade will provide liquidity for the promoters who have dedicated 25 years to the Company’s growth.

ALSO READ: What does Google CEO Sundar Pichai like to eat in India? 'Dosa in Bengaluru, Chole Bhature if it is…'Sharing the glimpses, a social media user named Aditya Worah took to X and wrote, "Only in Delhi can you expect this. Eat Chole Bhature, Lose Weight, Reduce Diseases."Soon after he shared a post in X, it became viral and garnered 47.5K views.