CEO Financial News

₹4.2 trillion overnight. Foreign investors trooped in after selling for two months, lifting India's stock market -- the world's fifth-largest and snapping at the heels of Hong Kong -- to a closing high of $5.05 trillion. Foreign portfolio investors (FPIs) bought shares worth a provisional ₹4,670.95 crore on Thursday, while domestic institutions settled for ₹146.51 crore.

Sequentially, the firm’s net profit registered a sharper increase, rising 45% from Rs 32.41 crore in the October-December quarter.

Tesla has left out its goal of delivering 20 million vehicles a year by 2030 in its latest impact report, another sign the company is tempering its auto ambitions as it shifts focus to robotaxis. Musk said in 2020 that Tesla aspired to sell 20 million vehicles by the end of the current decade — nearly twice as many as those sold by Toyota, the world's largest automaker. «Our goal is to build and deliver 20 million vehicles a year by 2030. To achieve this goal, we need to make our products even more accessible,» the company had said, while reiterating the goal in its 2022 impact report.

Chief Minister Siddaramaiah on Thursday asked banks not to adjust drought relief funds the government has released to individual farmers through a direct benefit transfer (DBT) against the dues of their agriculture loans. The CM, who chaired a meeting of deputy commissioners and zilla panchayat CEOs in the presence of ministers and department secretaries, said officials must ensure farmers got loans for the oncoming crop season on time. The government had already sent this year's agriculture credit plans, and officials must now act by coordinating with bankers in districts, he said. Siddaramaiah disapproved of the way insurance firms were handling the crop loss insurance claims. Such conduct would bring bad name to the government, he said, and asked officials to discuss with insurance firms and make life easy for farmers.

James Gorman will cede his role as Morgan Stanley chairman at year-end, capping a nearly two-decade run at the firm in which he rescued it from the brink of failure and turned it into a wealth-management powerhouse.

FitzPatrick, is joined by Northern Trust Asset Management's John McCareins and State Street Global Advisors' Ann Prendergast, who replace former CEO of JO Hambro Capital Management UK Alexandra Altinger, head of EMEA at BlackRock Stephen Cohen and HSBC AM CEO Nicolas Moreau, whose three-year terms come to an end. The IA thanked the three outgoing directors for their «involvement and dedication.» Prior to his stint at the top of SJP, FitzPatrick worked with Deloitte for 26 years until 2017, focusing on financial services in the UK, Europe and South Africa. In July 2017, FitzPatrick joined...

Wipro Ltd’s former chief executive officer (CEO) Thierry Delaporte became Indian IT sector's highest-paid top boss for the financial year ended March 2024, earning $20.1 million ( ₹167 crore) during the period, the company’s filings with the US Securities and Exchange Commission showed.Frenchman Delaporte’s remuneration doubled from FY23, when he earned about $10 million in annual compensation. His salary increase in FY24 was primarily driven by a cash severance payment of $4.33 million, and the cost of accelerated vesting of 9,89,130 unvested stock options.

Sikich maintains majority control of the company and its existing executive and leadership teams, led by Christopher Geier (Chief Executive Officer). Founded in 1982, Sikich has been on a path of rapid growth under the leadership of Geier, who assumed the CEO role in 2017. During this time, Sikich has grown revenue by nearly 300% and expanded its geographic reach, now serving clients in all major U.S. markets and around the world with nearly 2,000 employees.

Red Nose Day has raised $370 million since 2015 to fund anti-poverty efforts

MUMBAI:In a significant setback to Gift City's ambitions of becoming a global financial hub, the much-anticipated merger between the two international exchanges located there, NSE IX and India INX, has been called off, according to two persons aware of the development.India INX is a subsidiary of BSE Ltd, while NSE IX is led by the National Stock Exchange Ltd.The merger was expected to enhance trading volumes and attract international investors to Gujarat's Gift City, where the average daily turnover on international exchanges runs into billions of dollars.The talks were called off by the BSE because discussions, on since 2022, had failed to make any headway, said one of the persons cited above.A BSE spokesperson confirmed that the merger talks are "off the table" but declined to comment on the reasons for the decision. Attempts to reach a spokesperson of the National Stock Exchange (NSE) were unsuccessful."The merger was driven by the IFSCA's objective of making Gift City a global financial centre rivalling the likes of Singapore, Hong Kong, Luxembourg, and Dubai.

Shares of Nvidia rose on Thursday after the chipmaker forecast an upbeat second-quarter revenue and announced a stock split that floored investors and once again showcased its dominance in the AI-related chips market. The company's stock rose 6.5% in premarket trading, with rival AI-related chipmakers Advanced Micro Devices, Broadcom and Micron Technology also gaining between 2% and 3%.

Indian Premier League 2024 is nearing its conclusion with just two matches—a playoff and a final—left for the season. On 24 May, the second qualifier between Sunrisers Hyderabad and Rajasthan Royal will decide which team will play in the final with Kolkata Knight Riders on Sunday.The 2024 IPL season saw a host of captaincy changes by franchises, including the five-time trophy winners Mumbai Indians and Chennai Super Kings.

IRDAI) on Wednesday released a master circular on corporate governance for insurers.Although the circular becomes effective upon issuance, the insurance companies are given time up to June 30, 2024 before they are mandated to adhere to the provisions of this 70-page circular. The latest set of instructions carries a set of disclosure requirements, among a number of other requirements, for insurance companies.

Also Read: How to calculate income tax benefits on home loan EMIs — explainedBelow is a summary of their effects along with some crucial points to remember:Higher EMIs: To start with, high interest rates present a double-edged sword for borrowers of home loans. One major challenge is the higher equated monthly payment (EMI). The EMI takes up a larger portion of your pay, leaving you with less money for other needs and discretionary purchases.

Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt Ltd has approved Rs 3.94 per unit distribution to ordinary unitholders aggregating Rs 508 crore for Q4 FY24. The per unit distribution comprises Rs 1.79 as interest, 20 paise as dividend, Rs 1.94 as repayment of SPV loan and 1 paisa as treasury income, it said in a statement. «The Board of Directors of the Investment Manager has declared a distribution per unit (DPU) of Rs 3.94 to ordinary unitholders, amounting to a total distribution amount of Rs 508 crore,» the statement said.

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed

The former head of Britain’s Post Office Paula Vennells has broken down in tears on several occasions while giving evidence to an inquiry into one of the country’s biggest miscarriages of justice that saw hundreds of branch managers wrongly convicted o...

₹81 crore and revenue from operations grow 12% in fiscal year 2024, according to TCPL's annual report released on Thursday. In fiscal year 2023 the coffee chain had reported a loss of ₹23.9 crore.

Federal officials are transfering former FTX CEO Sam Bankman-Fried to a new prison in California.

Gold prices were listless on Thursday after a recent rally lost steam to dip more than 1% in the previous session, as traders started pulling back their expectations of rate cuts by the U.S. Federal Reserve this year. FUNDAMENTALS

leadership who have been with Wipro for many years and as measure to stem the exit of internal talent which had plagued the company during previous CEO Theirry Delaporte's tenure, new CEO Srini Pallia has promoted at least five Wipro insiders, including three veterans, in the last one and half month. Days after Pallia took charge of the top office, Wipro appointed Malay Joshi, a Wipro veteran for 28 years, as CEO of Americas 1, the company's largest market. Early this month, Wipro appointed Hari Shetty, a Wipro veteran for 31 years, as chief strategist and sales excellence officer of the company.