CEO Financial News

One might think wirehouse operators consider Chuck Failla, CEO of Sovereign Financial Group and host of goRIA, as public enemy number one.

Universal Music Group (UMG) plans to expand its India business through both organic and inorganic routes as the country is expected to enter the top 10 music markets globally in the coming years from being the 14th-largest music market currently, its chief executive for Asia, Africa and the Middle East, Adam Granite, told ET. «We will continue to look for M&A opportunities here in India and across all of our markets where it makes sense,» he said, adding that the company is talking to many companies in multiple markets. In India, UMG is looking to acquire companies across the music ecosystem, including labels and catalogues. «Music has to be a central piece of the company,» Granite said.

CAIS, an alternative investment platform catering to independent financial advisors, has announced an expansion of its offerings through a partnership with Blackstone.

Concurrent Investment Advisors has established a new foothold in the Sun Belt with the launch of a new independent firm.

QI Research CEO Danielle DiMartino Booth and Parametric Managing Director for Fixed Income SMA Nisha Patel discuss the impact inflation is having on the U.S. economy on 'Making Money.'

NEW DELHI : Belgium-based Proximus Group, which has acquired a majority stake in communication platform as a service, or C-PaaS, firm Route Mobile, intends to double the group's revenues to $3 billion in 3-4 years, on the back of synergies from the new acquisition, chief executive officer Guillaume Boutin told Mint in an exclusive interaction. Boutin has kept a goal of attaining 15% margin on the revenue target, even as he pegged India to become among the key contributors to the group's growth where Route Mobile alone is expected to generate $1 billion in revenues.

mutual fund KYC (know your customer) rules came into effect from April 1, around 3% of MF accounts have ‘KYC Hold’ status, stated the Association of Mutual Funds of India (AMFI) on Thursday. While noting that the mutual fund industry is addressing concerns for a smooth KYC process, AMFI CEO Venkat Chalasani said, “Together with AMCs, distributors and other stakeholders, we are committed to facilitating a seamless KYC validation process for all, thereby ensuring the integrity and accessibility of mutual fund investments across the board.” “If KYC was to be an issue, then you clearly would have seen a downtick in transaction count. Amounts may not necessarily be the best indicator. It is really the number of transactions. And I think we have to, from a perspective of the industry, thank the regulator as well because they have also been pushing all of us, AMCs, MFDs, RIAs, etc, to make sure we handhold the customer,” said Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund.

President Droupadi Murmu on Thursday conferred Padma awards during a Civil Investiture Ceremony at Rashtrapati Bhawan in Delhi. Yesteryear actor Vyjayanthimala Bali, Telugu star Konidela Chiranjeevi, the first woman judge of the Supreme Court late M Fathima Beevi, and "Bombay Samachar" owner Hormusji N Cama were honored with Padma awards by the President. BJP leader O Rajagopal, Ladakh's spiritual leader Togdan Rinpochey, Tamil actor late «Captain» Vijayakant (posthumously), and group editor and CEO of Gujarati newspaper «Janmabhoomi» Kundan Vyas were also conferred Padma awards at a civil investiture ceremony held at the Rashtrapati Bhavan.

Zee Entertainment Enterprises will meet on May 17, Friday, to consider and approve the company's financial results for the quarter and year ended March 31, 2024. It is also likely to recommend the payment of equity dividend for the financial year 2023-24. The company announced the development after market hours on Thursday. The stock ended at Rs 132.40 on the NSE, down 1.49%.

Maryland Motor Truck Association President and CEO Louis Campion on the recovery and impact on the trucking industry from the Francis Scott Key Bridge collapse.

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Mumbai (Maharashtra) [India], May 3: Tata Projects, one of the leading Indian Sustainable Technology-led Engineering, Procurement, and Construction (EPC) company and part of the world-renowned Tata Group, announced its financial results for the fiscal year. Mr. Vinayak Pai, MD & CEO at Tata Projects, elaborating on the FY24 performance, said "Our strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results.

Kisanserv has announced a plan to open 250 new retail stores across Pune and Mumbai over the next three years, tripling its current footprint. According to the company, it's unique selling proposition lies in offering fresh, premium-packed fruits and vegetables at prices 15–25% lower than the market average. Niranjan Sharma, Founder and CEO of Kisanserv, said in a statement, «Our mission at Kisanserv is twofold: to provide consumers with affordable, high-quality produce and to support local farmers by ensuring fair prices and direct sourcing.»

Exodus Movement, a prominent crypto wallet company, has announced a delay in its planned listing on NYSE American, the sibling market of the New York Stock Exchange.

₹511.60 apiece during today's trading session, as investors reacted negatively to the company's performance in the March quarter. The decline in the stock price today has pushed it to trade near its lowest point in the past two months.

Apple CEO Tim Cook is set to turn 64 this year, speculation has emerged about who could likely replace him at the helm of the tech giant. As per a recent Bloomberg report, the candidate most likely to take the post is long-time loyalist and hardware engineering chief John Ternus. Known for spearheading the Apple iPad, AirPods and latest iPhone series, Ternus' name popped up from among other suitable candidates at the company, including Chief Operating Officer (COO) Jeff Williams, Bloomberg reported.

LinkedIn after the employment-focused social media platform removed his post on “pronoun illness". In a post on X (formerly Twitter), he wrote, “This post of mine was about YOUR AI imposing a political ideology on Indian users that’s unsafe, sinister." “Rich of you to call my post unsafe! This is exactly why we need to build own tech and AI in India. Else we’ll just be pawns in others political objectives," he said while sharing the screenshot of post on gender pronouns that went viral on the internet.

₹1,618 crore from ₹954 crore in FY23. In addition to announcing its best-ever financial performance, the BSE declared a final dividend of Rs 15 per equity share for FY 2023–2024, as per the filing. In FY24, the exchange's net profit climbed to ₹404 crore, a 97% rise over the previous fiscal year.

Tether Operations Limited, the USDT stablecoin issuer, disclosed today its plans to expand its presence in Eastern Europe through further investment in CityPay.io.

Nigeria has fired back at Binance Holdings’ bribe accusation, claiming it’s a distraction to shift focus away from the exchange’s actions.

Google cuts jobs globally, but expands hiring in India and Mexico Pichai admitted that errors pertaining to Gemini's image generation feature and said, "From the ground up we are retraining these models...as soon as it’s ready, we will get it out to people". Pichai revealed that the feature will be re-released in a few weeks. Pichai is set to share a vision for the company’s future at Google I/O--the company’s annual developers conference next week.