CEO Financial News

Freshworks said on Wednesday that founder Girish Mathrubootham will step aside as the chief executive and will take on the role of executive chairman. Meanwhile, Dennis Woodside will take over as CEO of the CRM software maker. In a post on X, Mathrubootham said, «After spending almost 14 years since founding Freshworks as a tiny startup in Chennai, to scaling it to be a global Saas player and the first Indian Saas company to list on Nasdaq, I’m excited to announce that I’m stepping into a new role as Executive Chairman of Freshworks.»

MUMBAI : KVS Manian’s abrupt exit from Kotak Mahindra Bank Ltd a week after the central bank’s knuckle-rap and barely two months after he was elevated as joint managing director may have derailed the lender’s carefully scripted restructuring. Kotak Mahindra Bank informed the stock exchanges late Tuesday that it had accepted Manian’s resignation with immediate effect, stating that he had “stepped down to pursue other opportunities in the financial services sector". It appears, however, that Manian, 62, who has spent nearly three decades at the bank and had been in consideration for the top role, may not have anticipated having to leave immediately.

C3.ai chairman and CEO says AI is being used by bad guys in huge ways on 'Cavuto: Coast to Coast.'

Sanctuary Wealth is supercharging its appeal to independent advisors as it finalizes a transformative acquisition in Oregon.

The miracle of Ukraine’s most dominant soccer club over the past decade isn’t so much its continued success while the country has been at war. Nor is it the team’s reconstruction after losing all of its foreign players. The real surprise for Shakhtar Donetsk, based in the Donbas region of Eastern Ukraine, is that it has kept winning despite not playing a single home game since 2014.

He was previously head of distribution and, in the new role, will lead distribution for the UK, Guernsey, Jersey and the Isle of Man as well as oversee the international sales team across Europe, the Middle East and Asia. Reporting to managing director Duncan Stratford and CEO of international Andy Finch, Muncaster will focus on expanding CGWM UK's distribution channels as well as growing its client base. Canaccord Genuity Wealth Management names co-CIOs He joined the wealth manager in 2021, and prior to that he led distribution teams at UBS, Close Brothers and Bordier & Cie. Da...

VALR, the largest cryptocurrency exchange in South Africa, is set to offer its crypto asset services in Poland and is actively exploring opportunities in other jurisdictions worldwide. 

Digantara, which focuses on space situational awareness (SSA), has been chosen for a joint industry space mission called Mission for Australia-India's Technology, Research and Innovation (Maitri) to manage debris in space. The mission, led by Space Machines Company, has won over AUD $8.5 million (Rs 46 crore) in grants from the Australian Space Agency as a part of the International Space Investment (ISI) India Projects programme.

American Express has opened its largest campus globally in India, spanning around one million square feet, demonstrating its commitment to the country. “American Express in India continues to develop in-country capabilities by leveraging our global expertise and local talent, fostering new opportunities and innovation for customers worldwide. The new office building provides a modern, energy-efficient workspace, enabling our teams to continue driving innovation and delivering exceptional value to our customers worldwide,” said Sanjay Khanna, CEO and Country Manager of American Express, India. According to the company, employees will begin moving to the new facility, located in sector 74A Gurugram, in phases, starting at the end of May 2024. The facility has received Leadership in Energy and Environmental Design (LEED) Gold certification for Building Design and Construction (BD+C) Core and Shell Development,” the company said.

Deep Kalra, Den Network's Sameer Manchanda and Ashish Gurnani of Assago group have joined the list of the prominent names who own apartments at TheCamellias by DLF in Gurgaon. While Ashish Gurnani and family and Deep Kalra has bought two apartments of 7,430 sq ft, Sameer Manchanda has bought 10,813 sq ft apartment, according to documents accessed through CRE Matrix, a real estate data analytics firm. The Camellias, launched less than a decade ago at Rs 22,500 per square foot, are currently selling at Rs 60,000-95,000 per square foot, depending on the floor and the interior work done by the seller. Simply put, a 7,400 square feet apartment bought bare shell in 2014 for Rs 16 crore is now nearly three times as much at Rs 45 crore.

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Franklin Templeton is building an advanced financial AI platform and is working with Microsoft to drive the project forward.

Supam Maheshwari, cofounder and CEO of IPO-bound mother and childcare e-commerce platform FirstCry, saw a 49% drop in monthly remuneration to Rs 8.61 crore for the first nine months of FY24, according to the company’s draft red herring prospectus (DRHP). Maheshwari's total remuneration for the nine months until December 31, 2023, was Rs 77.5 crore, down from Rs 200.7 crore for the whole of FY23.

LONDON—Help wanted: Someone to oversee $3 trillion in assets and 221,000 workers. Must be worldly, willing to travel constantly, knowledgeable about Chinese politics and able to deal with a demanding boss. Salary: Half of what you would make in the U.S.

CryptoQuant CEO Ki Young Ju explained on April 30 the dilemma facing Bitcoin miners post-halving. According to the researcher, miners are now at a crossroad – they can either capitulate to current market conditions or await a potential BTC price increase.

Kotak Mahindra Bank’s joint managing director, KVS Manian, resigned today (April 30) and is said to be taking up an offer from Federal Bank as MD CEO, said people with knowledge of the matter. The bank informed the stock exchange late Tuesday evening that Manian has stepped down from his position to pursue other opportunities in the financial services sector. Manian, who spent 29 years with the bank, has resigned with immediate effect. Manian had to confirm to Federal Bank by May 21 whether or not he would accept the offer, people cited above said.

The exodus toward independent channels continues, according to a new Cerulli Edge study. And not just from wirehouses.

employees, the company said in its financial statements. Investigation into the complaints is ongoing and till now no instance of financial impropriety has been found, chief executive and managing director Angan Guha said.

Starbucks lowered expectations for its full-year sales and profit Tuesday after a disastrous quarter that saw a slowdown in store visits across the world. The Seattle coffee giant said revenue for the January-March period dropped 2% to $8.56 billion. That was far short of Wall Street's forecast of $9.12 billion, according to analysts polled by FactSet.

Amazon has reported strong results for the first quarter

Binance founder and former CEO Changpeng 'CZ' Zhao was sentenced to four months in prison in a Seattle courthouse on Tuesday, the AP reported.