CEO Financial News

Apella Wealth, a wealth management provider for individuals, families, and businesses, has just expanded its East Coast footprint in a big way. The Connecticut-based RIA announced that it has snapped up ClearLogic Financial, a Reston, Virginia-based advisory firm.

Summit Financial is looking to help advisors woo and retain high-net-worth clients by stepping up its alternatives game.

CNBC Make It. Nolan Church, former Google recruiter and current CEO of salary data company FairComp, told CNBC Make It that “it is the biggest red flag" in a job candidate. “There is a truism in recruiting that the best people are not looking for jobs," he said, adding that recruiters perceive that such people would not be advertising that they’re looking for work.

Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, has collaborated with StakeStone, and Scroll to launch a new yield product, Queen Stone (stoneQUEEN).

YieldNest simplifies and enhances ETH yields for EigenLayer restakers through curated AVS Baskets and specific AVS categories, reducing risk and operational complexity.

Digi Yatra Foundation on Wednesday said the Digi Yatra application has always been under its full control amid controversy with respect to a former vendor that had offered billing account and management services for the application. According to reports, there are concerns about data shared by passengers on Digi Yatra and that former vendor Dataevolve Solutions had come under investigation. When asked whether Dataevolve is still associated with Digi Yatra, the foundation replied in the negative. «There is no association of Digi Yatra with Dataevolve.»

BJP leader was kidnapped in Arunachal Pradesh, Chief Electoral Officer (CEO) Pawan Kumar Sain on Wednesday said no interference in the poll process by underground elements will be tolerated and stringent action will be initiated against such activities. Sain's assertion came following abduction of the BJP leader by insurgents in Longding district and the alleged use of underground elements by a poll contestant in the same district which falls under the Arunachal East Lok Sabha seat. Inspector General of Police (Law & Order) Chukhu Apa acknowledged the abduction and said that police and paramilitary forces are on the job to rescue the person. The IGP, however, refused to provide details of the incident.

Palumbo Wealth Management founder and CEO Philip Palumbo suggests how investors can build a sound portfolio on 'The Claman Countdown.'

ALSO READ: US stocks: Dow Jones, S&P 500, Nasdaq surge led by megacaps Its revenue rose nearly 10 per cent, to $12.54 billion, beating the Wall Street forecast of $12.45 billion. For the second quarter, the airline expects an adjusted profit of $3.75 to $4.25 per share. United also maintained its full year profit outlook of $9 to $11 a share.

NEW DELHI : Tata Communications’ net profit for the quarter ended 31 March surged to ₹321.52 crore, from ₹45.1 crore in the previous quarter, but was down 1.5% from ₹326.42 crore in the same quarter a year ago. Consolidated revenue for the quarter rose 24.6% year-on-year to ₹5,692 crore. Of this, data revenue rose 26.9% to ₹4,656 crore.

Biocon on Wednesday said it has tied up with Brazil-based Biomm SA for the commercialisation of its diabetes drug in the Latin American nation. Under the terms of the agreement, Biocon will undertake the development, manufacturing and supply of Semaglutide (gOzempic), and Biomm will be responsible for obtaining regulatory approval and commercialization in the Brazilian market. Biomm focuses on developing, manufacturing and commercialising complex biotech and biosimilar drug products at its production facility in Nova Lima. «Our partnership with Biomm marks another important step forward in our strategy to expand our global footprint beyond the US and Europe for Peptides,» Biocon CEO and MD Siddharth Mittal said in a statement.

Proxy adviser Glass Lewis recommended shareholders vote against his re-election, as well as that of Tudor Davies and Christopher Mills, arguing the board lacks gender diversity and independence. They highlighted the financial interests of Davies and Mills, noting Davies controls a firm which has received £91,000 for consulting services from the firm, while Mills sits as CEO at Harwood Capital, the largest shareholder of AssetCo, with a 14.5% stake.  AssetCo losses triple to £26.7m in 'exceptionally difficult' year The firm also took aim at Gilbert's role in the business, arguing he...

The AVI Global Special Situations fund follows the existing strategy, which aims to use a bottom-up, research-driven approach to engage with companies to provide value and drive returns. AVI CEO and CIO Joe Bauernfreund, who manages the AVI Global Trust, will also manage the Dublin-domiciled fund along with a research team of 12. Quintet and BlackRock partner for multi-manager US equity launch The fund will be benchmarked against the MSCI AC World index and charge a management fee of 0.75% Bauernfreund said: «We are seeing attractive opportunities in all parts of the equity mark...

Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, two sources familiar with the discussions said. Musk will meet Modi on Monday during his India trip, when the billionaire is expected to unveil his plans to enter the world's third-largest auto market where electric car adoption is still in its infancy. India's EV market is small but growing and dominated by local carmaker Tata Motors. EVs made up just 2% of total car sales in 2023, but the government is targeting 30% of new cars to be EVs starting 2030.

Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The company announced on Wednesday that the Adani family, promoters, has fully subscribed to the warrants program by injecting remaining Rs 8,339 crore out of the total Rs 20,000 crore. In October 2022, Ambuja Cements issued warrants totaling Rs 20,000 crore to the Adanis on a preferential basis at Rs 418.8 per share. Initially, the company received Rs 5,000 crore (25% of the warrant issue) as the mandatory upfront payment. On March 28, 2024, the group paid Rs 6,661 crore towards part of the shares' issuance. Currently, the Ambuja Cements stock is trading at Rs 555, a 47% premium over the issue price of Rs 418.8. The stock rallied 88% in the past three months compared to a 17% jump in the benchmark Sensex.

IFFCO in the country in the next three years. Nano Urea Plus is a new version of nano urea meant for meeting crop nitrogen requirements at critical growth phases. According to a gazette notification, the government has approved Nano Urea Plus in liquid form with 16 per cent nitrogen content in weight by weight, and pH value of 4-8.5 and viscosity of 5-30. This product will be manufactured by the cooperative major IFFCO for a period of three years, it said.

Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk's record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January. The compensation includes no salary or cash bonus, but sets rewards based on Tesla's market value rising to as much as $650 billion over the next 10 years. Tesla is now valued at $500.36 billion, according to LSEG data.

Crypto.com CEO Kris Marszalek has raised concerns about the sustainability of the surging valuations in the cryptocurrency sector. 

Daimler India Commercial Vehicles on Wednesday said it plans to foray into the domestic battery electric segment with the launch of the all-electric next-generation light duty truck eCanter in the next 6-12 months. The all-new next-generation eCanter had its world premiere in Japan and Europe in the second half of 2022. «The launch of the all-electric eCanter in India, within the next 6 to 12 months, is the first step in our long-term strategy to decarbonise our entire product portfolio,» Daimler India Commercial Vehicles (DICV) MD and CEO Satyakam Arya said in a statement. However, the reality is that diesel ICE and carbon dioxide neutral propulsion technologies will continue to co-exist in the Indian market for the foreseeable future, he added.

Anand Mahindra, had on Tuesday, taken to microblogging site X to share a tweet on Dubai rain and floods. His tweet read, “Nope. Not Mumbai.

There is an increased need now to have leaders with know-how on tech and systems, says Pranshu Upadhyay, Regional Director, Head-India Technology Practice, Michael Page. Even board directors today need to have a grasp on the fundamentals of artificial intelligence (AI), big data and cybersecurity, says Somdutta Singh, Founder and CEO of Assiduus Global Inc.