CEO Financial News

Binance, the world’s largest cryptocurrency exchange, secured a highly anticipated crypto license in Dubai following the resignation of Changpeng Zhao “CZ” as CEO.

it is cutting 10 per cent of its staff globally- around 14,000 jobs. Also Read: Elon Musk in India: From meeting PM Modi to Agra visit, check out Tesla CEO's likely plans for upcoming visit The next day, Tesla announced it would try to re-instate Musk's $56 billion pay package that was rejected by a Delaware judge in January, who said that the arrangement was dictated by Musk and was the product of negotiations with directors who were not independent of him, according to Associated Press. Tesla shares hit an all-time intraday high of $415.50 in November of 2021, adjusted for a 3-for-1 stock split that took effect in August 2022.

Toronto-Dominion Bank is confronting shareholders at a moment when investors and executives alike are clamouring for clarity on potential penalties in a U.S. probe and the future of the firm’s leadership.

Crypto wealth management firm Abra said it has launched the “Abra Prime” and “Abra Private” platforms for private clients and received approval from the U.S. Securities and Exchange Commission to operate as an investment advisor.

₹7,975 crore in the March quarter, while total revenues came in at ₹37,923 crore. The company said its revenues in constant currency (CC) terms remained flat year-on-year (YoY) and declined by 2.2% sequentially. The company also saw its American Depository Receipt shares plummet on the New York Stock Exchange on Thursday evening.

₹7,975 crore for Q4FY24 against a profit of ₹6,134 crore in the same quarter last year. Its revenue for the quarter under review came at ₹37,923 crore, up 1.3 per cent YoY. The company said its revenues in constant currency (CC) terms remained flat YoY and declined by 2.2 per cent QoQ.

Arunachal Pradesh is all set to vote on Friday to elect two Lok Sabha MPs and 50 MLAs. In the 60-member assembly, the BJP has already won 10 constituencies unopposed. In the Arunachal West Parliamentary seat, eight candidates are in the fray including Union Earth Sciences Minister Kiren Rijiju and state Congress president Nabam Tuki. Sitting BJP MP Tapir Gao and state Congress vice-president Bosiram Siram are among six candidates who are contesting from Arunachal East.

Honda Motorcycle & Scooter India (HMSI) on Thursday inaugurated a new engine assmebly line with capacity of manufacturing 60 engines daily at its Global Resource Factory situated in Manesar, Haryana with focus on CKD (Completely Knocked Down) exports. «The new assembly line is equipped to produce engines for models ranging from 1100cc to 300cc, catering to diverse needs and preferences of customers across the globe,» said the company through a press release. «We are happy to introduce a new engine assembly line for CKD exports at our Global Resource Factory in Manesar. It is a testament to our relentless pursuit of driving technological advancements in the industry. With this step, HMSI aims to boost its export capabilities, reaching new heights in market expansion and adherence to global quality standards,» said Tsutsumu Otani, Honda Motorcycle and Scooter India Managing Director, President and CEO.

Binance  has made a significant strategic move by converting the entire pool of assets held in its emergency fund for users into USDC (USD Coin), a stablecoin issued by Circle Internet Financial. 

Thomas Michaud, CEO of KBW, a Stifel Company, assesses the stability of regional banks, commercial real estate and the Basel III proposals.

Wipro is estimated to report a consolidated net profit of ₹2,746 crore Q4FY24, registering a muted growth of 1.92% from ₹2,694.2 crore in Q3FY24. The company’s IT services revenue is expected to see a sequential growth of 0.18% to $2,661 million from $2,656 million, while in rupee terms, the revenue may fall by 0.28% to ₹22,141 crore from ₹22,205.1 crore, quarter-on-quarter (QoQ), due to macro impact and continued softness in verticals, as per average estimates of five brokerages.

Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications.

Did you apply for a personal loan and receive a rejection from the bank despite having a good CIBIL score? Though there are several grounds on which a bank can reject a loan application, one reason might be your repayment capacity.

Struggling to secure a loan in India can be a frustrating experience, especially when you need financial assistance for essential expenses or investments. However, being denied a loan doesn’t mean you’re out of options.

sustainability fast and businesses are adopting green practices to reduce their operations’ negative impact on the environment. Sustainable practices generally refer to green operations, which are all about integration of environmentally friendly practices into business operations. While sustainability is here to stay and grow, implementing green technologies such as eco-friendly infrastructure may require a high upfront capital investment. Are green practices only for businesses with deep pockets? TVS Motor Company is of the view that while some green initiatives may require initial investments, these investments should not be seen as expenses, but as building blocks for a future-proof business. “Shifting to renewable energy like solar power offers greater price stability compared to the unpredictable fluctuations of fossil fuels. Our investments in green initiatives, such as bio-reserves and CSR projects, contribute to a healthier environment and stronger communities. Collaboration with our supply chain partners on sustainable practices fosters a more resilient and efficient ecosystem,” it says, explaining how the focus on sustainability translates into long-term gains.

Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday

An engineer at Boeing alleges the aircraft company is taking manufacturing shortcuts that could lead to jetliners breaking apart

A National Public Radio editor who wrote a critical essay saying that his company had become intolerant of all but liberal views has resigned

Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas

CSX railroad's first-quarter profit slipped 10% even though the railroad delivered 3% more goods as shipments it handled shifted to a less-profitable mix

United Airlines says it lost $124 million in the first quarter, and it's blaming Boeing