CEO Financial News

In a letter to shareholders on Monday (6 May), Graham Tuckwell, chair of ETFS Capital, which holds around an 18% stake in WisdomTree, asked investors to vote against the re-election of Steinberg and two other board members at the firm's annual meeting on 12 June.  Laying out its own letter in response, WisdomTree asked shareholders to ignore the activist's callout, calling Tuckwell's latest move «against three of WisdomTree's directors – his third attempt against the board in the past three years – that is a waste of time and resources and not in the best interests of the company and all...

British neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million.

Top-up home loans are a type of loan offered to homeowners who already have an existing home loan. This type of loan allows borrowers to borrow additional funds on top of their existing loan amount. 

₹2 lakh on the interest paid on the loan each year, reducing your taxable income. Moreover, the repayment of the principal amount can also lower your taxable income by up to ₹1.5 lakh annually. Under the old tax regime, first-time homebuyers opting for a home loan can benefit from tax deductions to reduce their tax burden.

Gulf Cooperation Council (GCC) has announced a new unified tourist visa called "GCC Grand Tours," allowing travelers to visit all six Gulf countries and stay for over 30 days. This initiative, unveiled by the United Arab Emirates Minister of Economy, Abdulla bin Touq Al Marri, at the Arabian Travel Mar ket (ATM), aims to boost tourism and make travel across the GCC region more convenient. The Gulf Cooperation Council, also called the Cooperation Council for the Arab States of the Gulf, includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The GCC Grand Tours visa is designed to attract a higher number of tourists by simplifying the process of visiting multiple countries in the region, similar to the European Union's Schengen visa. This new unified visa is expected to significantly contribute to the growth of the tourism sector in the Gulf and increase the number of hotel guests, ultimately establishing the region as a leading destination for regional and international tourists.

Worldcoin officials want to smooth out their “differences” with Argentina regulators, with Tools for Humanity CEO Alex Blania visiting President Javier Milei’s advisors this week.

due diligence around customer onboarding and bring all branches under centralised processes as it puts in place safeguards to ensure the fraud reported in its Aizwal branch is not repeated, CEO Raul Rebello told analysts in a conference call. The changes include changing the organisation structure to one headed by a branch executive who will also be in charge of risk and appointing a fraud control head to oversee risk management, Rebello said, explaining the changes the company has made to ensure that the fraud unearthed in the company's Aizwal branch is not repeated.

Srinivas Pallia completed one month as CEO of fourth largest software services firm Wipro, which has been trailing its peers on growth and profitability, he has been travelling across the globe to meet employees and stakeholders. Last week, he did a town hall in London, a geography on the other side of the Atlantic — where he has been focussed till recently as CEO of Americas 1. Pallia was elevated as CEO of Wipro, after Thierry Delaporte's sudden exit from the firm 15 months before the expiry of his term.

Air India and Lufthansa have strengthened their relationship with the German major expanding the code-share agreement on the popular India-Australia route. Under this new pact, passengers of Lufthansa, from its hub in Frankfurt and Munich, will be able to travel to Sydney and Melbourne via Delhi and Mumbai airports on Air India.

VT Tatton Passive Cautious, the VT Tatton Passive Balanced and the VT Tatton Passive Growth funds are risk-rated as four, five and six by Defaqto, respectively. They are meant to complement Tatton's managed portfolio service and expand on its existing Tatton Blended Funds hybrid range.  CEO and CIO of Tatton Lothar Mentel said the new funds are set to «benefit our proven investment process» and provide repeatable performance «at very competitive cost». «We have designed the asset mix to complement our managed portfolio service to offer a consistent investment approach across our di...

Dover, DE, USA, May 7, 2024 — ChainGPT ,  the AI-powered Web3 infrastructure providing a diverse suite of tools and services, will exclusively launch the IDO of its latest launchpad project: OMNIA Protocol , a specialized RPC (remote procedure call) provider solving a wide range of challenges in DeFi relating to decentralization, security, compliance, and user experience. Set for May 9, OMNIA Protocol’s IDO leverages the ChainGPT Pad and its incubation program to launch the $OMNIA token—supporting the wider blockchain ecosystem through a seamless interface combining decentralization, real-time pending transaction streams, liquidity aggregation, and more. 

₹1,307 crore for the quarter ended March (Q4FY24), surpassing analysts' expectations. Net profit rose 36% year-on-year, primarily driven by strong performance in the US market. In an exchange filing, the Hyderabad-based company said that revenue increased to ₹7,083 crore during the quarter, a 12% year-on-year (YoY) growth, fuelled by solid sales in North America and emerging markets.

Mint. Last month, Zee's board of directors approved a new organizational framework suggested by Punit Goenka, the managing director and CEO. Under this new structure, Goenka will take direct oversight of the domestic broadcast business and aims to enhance synergies across core business segments including broadcast, digital, movies, and music.

The private credit market is offering a lifeline for businesses and strong returns for investors, according to a new report.

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone

Senate Republicans are returning to a strategy they hope could neutralize their Democratic rivals' financial edge: Find rich people to run

Hospital operator Steward Health Care has filed for bankruptcy protection, but pledged to maintain the eight hospitals it operates in Massachusetts

The Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street’s view and its streaming business was profitable

Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales

ETFS Capital has called for changes in WisdomTree’s leadership, urging shareholders to vote against the re-election of certain directors.

Crypto  wallet developer Exodus Movement has received approval to list its common stock on the NYSE under the ticker EXOD.