CEO Financial News

02.05 / 13:03

CEO Sustainability WhatsApp innovations reports Tata Projects Q4 Results: Firm posts PAT of Rs 120.5 crore

Tata Projects on Thursday reported a profit after tax of Rs 120.57 crore for the quarter ended March 31 on the back of higher revenues. The company had posted a loss of Rs 366.42 crore in the year-ago period, Tata Projects said in a statement. These figures are after exceptional and/or extraordinary items.

02.05 / 12:57

COST CEO security stage reports recommendations International Federal Bank in advanced stage of sending names of CEO candidates to RBI

Federal Bank is in an advanced stage of sending the names of potential candidates for the post of managing director and chief executive officer, according to CEO Shyam Srinivasan, whose term ends on 22 September. “There is a bank board established search panel and they have a slew of candidates to choose from," said Srinivasan at a post-results press conference. "It could be internal or external.

02.05 / 12:57

UPS Manufacturing CEO economy Continental pandemic International Europe takes radical steps to boost production; ‘There is no other option’

FLAMANVILLE, France—Early this year, a top European Union official made an eye-catching proposal: A €100 billion public fund that would curb Europe’s reliance on U.S. defense manufacturers, who make nearly two-thirds of Europe’s military hardware. The cash could subsidize European companies to develop and manufacture more weapons at home at a time when the continent faces a growing threat from Russia.

02.05 / 12:55

CEO Platform wellness President Aon innovations BlueRock invests in Townsend for private wealth expansion as Aon sells firm

Plans have been announced for a strategic partnership that will enhance the U.S. private wealth distribution channel of real assets investment firm The Townsend Group which advises clients with $218 billion in assets.

02.05 / 12:33

Twitter CEO security Strategy reports Patricia Crypto Exchange Patricia’s CEO Denies Closure Rumors – Here’s The Latest

Patricia Exchange’s CEO Fejiro Hanu, has refuted rumors of the exchange’s closure, dismissing them as media sensationalism aimed at generating clicks. Patricia Exchange is the first platform to offer crypto exchange services in Nigeria. Hanu said,

02.05 / 12:16

markets UPS Digital CEO Gap country inclusion Fin inclusion, digital growth to drive payments bank momentum in India: Airtel Payments Bank CEO

Airtel Payments Bank CEO Anubrata Biswas is optimistic that the payments bank momentum in India will yield strong growth horizons and opportunities in the coming years, supported by financial inclusion imperatives and rapid pace of economic and digital growth. In an interview to PTI, Biswas said FY24 has been a «remarkable year» for Airtel Payments Bank, which has been growing in double digits across all key metrics such as users, revenue, and profits. «We are still closing the books (for the fiscal) but as we stand today, we are going to see high double-digit growth rates on revenue, profit and users continue,» he said. Airtel Payments Bank has nearly 500,000 banking points spread across the country, today.

02.05 / 09:53

markets Target CEO performer reports recommendations Q4 results review: IndiaMART InterMESH zooms 10% despite target price cuts as Q4 PAT jumps 79%

IndiaMART InterMESH (Indiamart) surged 10 percent in intra-day deals today (May 2) on the back of robust March quarter (Q4FY24) results. The rise comes even after brokerages cut target price for the stock post its Q4 results. The stock rose as much as 10 percent to its day's high of ₹2,913.

02.05 / 08:39

Digital Aware CEO Platform 2020 reports Schools Paytm Money CEO Varun Sridhar steps down; Rakesh Singh appointed as chief executive

Paytm Money, the wealth management platform of One 97 Communications Ltd, has appointed Rakesh Singh as its CEO replacing Varun Sridhar, who had been its chief executive since 2020, people aware of the matter said. Singh, who was the CEO of broking services at PayU-backed Fisdom, is learnt to have joined Paytm Money last month, one of the persons said, adding that Sridhar has been moved to a different role within the group.

02.05 / 08:39

Provident Digital CEO Sustainability performer track innovations Axis Mutual Fund launches Axis Nifty Bank Index Fund

Axis Mutual Fund has announced the launch of Axis Nifty Bank Index Fund, an open-ended index fund tracking the Nifty Bank TRI. This open-ended index fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks, the fund house said in a release. The new fund offer or NFO will open for subscription on May 3 and close on May 17.

02.05 / 08:35

UPS CEO Telegram Tether show exclusive TOKEN2049 Dubai Hailed as an Outstanding Success, with 10,000 Attendees

Dubai, UAE — May 1, 2024 — TOKEN2049, the premier crypto event, saw record-breaking success for its inaugural Dubai conference, which took place from April 18-19, during TOKEN2049 Week.

02.05 / 08:00

COST UPS CEO reports Earnings Impact: REC jumps 9.5% to record high on strong Q4 results, soars 30.5% in 8 sessions

REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today's rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 percent year-on-year (YoY) jump in its consolidated net profit in the quarter under review to ₹4,079 crore, helped by healthy growth in core income and a provision write-back.

02.05 / 07:59

Provident Digital Progressive CEO Platform security innovations PayNearby partners with MyShubhLife to provide MSMEs with easy access to credit

PayNearby, India’s leading branchless banking and digital network, has announced a strategic partnership with MyShubhLife, an embedded credit platform. This collaboration aims to provide distributors with easy access to revolving credit lines, enhancing financial agility in the MSME sector.

02.05 / 07:59

markets Citi CEO economy Sustainability beautiful Destinations The Rise of Offbeat Destinations: A paradigm shift in residential real estate

Over the last few years, the Indian real estate sector has observed a notable shift, as homebuyers are increasingly looking out for serene and offbeat destinations that are far away from the hustle and bustle of metropolitan cities. Cities like Sonipat, Bhiwadi, Panchkula, and Meerut have emerged as premier locales for residential investments, boasting a blend of natural beauty, cultural richness, and a growing economy. This transition reflects a desire for a better quality of life, where serenity meets modern amenities in a relaxed environment.

02.05 / 07:59

Hollywood COST UPS Digital CEO film show Contentious VPF issue adds to woes of ailing theatrical business

PVR Inox and Malayalam film industry producers has brought the long-standing issue back to the fore yet again. The issue has added to the woes of the theatrical business that has already hit rock bottom over the past few months. Last month, the multiplex chain had decided to stop screening Malayalam films after the Kerala Film Producers’ Association demanded that movies must be released at screens in malls of the state at a low VPF using content mastered at the PDC (Producers’ Digital Cinema), a facility promoted by the producers.

02.05 / 07:59

Provident CEO country cover inclusion reports Features Bima Vistaar priced at Rs 1,500: Life, health, property insurance bundled in one product | Know full features and benefits

The Insurance Regulatory and Development Authority of India (IRDAI) has reportedly fixed the pricing of ‘Bima Vistaar’ – a single insurance product that covers life, health, accidental damage and property. This all-in-one insurance product, designed for people living in rural areas of the country, is priced at Rs 1,500 per policy, various media reports suggest. These reports have cited industry officials who attended a two-day programme called ‘Bima Manthan’ held on April 25-26 in Hyderabad.

02.05 / 07:59

markets CEO Assurant Invesco BlackRock Research country Most foreign fund houses miss India growth train

When Invesco decided to sell 60% stake to the Hinduja group earlier this month, it didn’t surprise anyone. That’s because only a handful of foreign fund houses have been able to grow in the country even though the Indian mutual fund industry has already topped Rs 50 trillion (Rs 54 trillion in FY24).

02.05 / 03:23

COST Provident CEO Healthcare trends UnitedHealth CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast

02.05 / 03:23

Provident CEO security wellness Healthcare UnitedHealth information Change Healthcare cyberattack was due to a lack of multifactor authentication, UnitedHealth CEO says

The beginning of the Change Healthcare cyberattack happened when hackers entered a server that lacked multifactor authentication

02.05 / 03:23

markets Provident CEO Gap Continental Diversity innovations More money is going to African climate startups, but a huge funding gap remains

African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa

02.05 / 03:23

CEO Parke Adventure President information George W. Bush's portraits of veterans are heading to Disney World

Walt Disney World will host dozens of portraits of service members and veterans from the nation’s Painter-in-Chief

02.05 / 03:23

UPS BLOCK CEO students Department Schools Colleges Experts fear 'catastrophic' college declines thanks to botched FAFSA rollout

The bungled rollout of a new federal student aid form has left millions of students in limbo and some wondering if their college dreams will survive

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