CEO Financial News

Medulance, an emergency healthcare services startup, has raised $3 million in Series A funding, led by Alkemi Growth Capital. The funding round also saw participation from investors such as Dexter Capital, Boat founder Aman Gupta, and Emcure Pharmaceuticals’ executive director Namita Thapar.

A former executive at BlackRock who focused on business development for its investment management technology offering has joined SimCorp as managing director and head of Americas.

Juniper Green Energy on Tuesday announced commissioning of 25.2 MW capacity of its 70-MW wind power project. The project has been commissioned almost nine months before the scheduled commercial date of operation, the company said in a statement. The operational 25.2 MW is part of the project's progressive rollout, it said. This project will deliver power under a 25-year Power Purchase Agreement (PPA) with GUVNL at a tariff of Rs 2.90, aligning with efforts to provide cost-effective and environmentally responsible energy solutions, as per the statement.

While the advisory industry must contend with a “human capital crisis,” some advisors are stepping up to the plate to try to fix the problem.

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday

General Motors will move its Detroit headquarters to a new downtown office building next year and redevelop its iconic home along the Detroit River

water crisis? With polls, politics, and heatwaves coming up in the national capital the common man's life will be at stake. While the Delhi Jal Board claimed that there was no deficit in water provision, it is also true that water production has remained unchanged over the past year. As per ToI report, in Feb 2023, DJB's internal report to chief minister «Arvind Kejriwal» stated that the optimal water production level was 990 million gallons per day (MGD). On April 3 this year, the water utility said in a written statement that water production in the capital stood at 990.2 MGD on average between the end of March and start of April. Many within DJB privately accepted that this was going to be the toughest summer that the water utility has faced.

I am 29 and earn a monthly salary of Rs 75,000. I don’t have any investments. I aspire to retire within 20 years. How can I retire with a corpus of Rs 6 crore? Naveen Kukreja, CO-FOUNDER AND CEO, PAISABAZAAR.COM: Consider allocating 50% of your current salary towards retirement savings and increase it 10% annually.

Baidu said on Tuesday its artificial intelligence chatbot “Ernie Bot” has garnered more than 200 million users as it seeks to remain China’s most popular ChatGPT-like chatbot amid increasingly fierce competition. Robin Li, CEO of the Chinese internet company, revealed the new milestone at a conference in Shenzhen on Tuesday. The chatbot was released to the public eight months ago.

RIL, Jio Financial, JSW Infra, Cipla, Gujarat Gas among others will be in focus due to various news developments. Crisil, SG Mart, Den Networks Shares of Crisil, SG Mart, and Den Networks will be in focus as the companies will announce their fourth quarter results on Tuesday.

Wipro, Srinivas Pallia, who has been with the company for over three decades, sold all his shares worth Rs 5 crore in it in the public market. Pallia disposed of his 1,00,000 Wipro shares through “market sale” on February 14 this year and the transaction was reported to the exchange on February 15. The total value of the transaction was Rs 5,05,12,640. As per information on the BSE, securities currently held by Pallia post transaction amounted to zero.

The CFP Board said the March CFP certification exam had a record-breaking number of participants.

The company plans to spend over 70% of its over ₹45,000 crore fundraise via debt and equity into capex for 5G rollout and 4G network expansion, a person familiar with the matter said. Addressing reporters on Monday, chief executive Akshaya Moondra said the ₹18,000-crore follow-on share sale will see the government stake diluted to 24%, which could rise to a comfortable 32-33% if the Centre decides to convert some of the principal dues into more equity.

70 hours a week. We at Wakefit have been following this debate for a while now. With the start of a new financial year and appraisal season in top gear, today seems to be a good time to share our views.

Former Tesla board member Steve Westly joins ‘Varney & Co.’ to break down the automakers' 1Q delivery report and its potential impact on the stock market.

With the start of the new financial year, you must be making all efforts to plan your investment strategy based on your tax liabilities and financial goals. It is imperative to make your investment planning in advance to avoid the last-minute hassle.

Ambuja Cements on Monday said it will acquire My Home Group's cement grinding unit at Tuticorin in Tamil Nadu for a total value of Rs 413.75 crore. The company — a part of the Adani Group — has signed a definitive agreement to acquire the cement grinding unit of the My Home Group, which has a capacity of 1.5 MTPA, Ambuja Cements said in a statement. «The acquisition estimated at a total value of Rs 413.75 crore through internal accruals will aid in enhancing the coastal footprint across southern markets of Tamil Nadu and Kerala,» it added. The total cement capacity of Adani Group stands at 78.9 MTPA, the company said.

Mahindra Group will foray into the hybrid renewable energy segment with an investment of Rs 1,200 in a solar and wind project, the company said in a stock exchange filing on Monday. Mahindra Susten, its renewable energy platform, will develop the project along with Ontario Teachers' Pension Plan Board as a strategic partner. As a part of this project, the group will install ˜101 MW wind capacity and ˜52 MW solar capacity. The project will be one of the largest co-located solar + wind hybrid projects in Maharashtra to deliver clean energy to Commercial and Industrial (C&I) customers, it said.

While investors try to meet their long-term financial goals, they should engage a financial consultant, believes Nishant Srivastava, CEO, Mass Affluent Business, Torus Wealth.

Election Commission of India (ECI) Order, granting a paid holiday to employees on the day of polling in the NCT of Delhi under Section 135B of the RP Act 1951. The polling day in the NCT of Delhi is scheduled for May 25. As per the order, all eligible employees, be they public or private, who are voters in the NCT of Delhi are entitled to a paid holiday to exercise their democratic right to vote on the polling day. Besides, it is to state that voters of neighbouring cities Uttar Pradesh, Haryana and Rajasthan working in Delhi will also be given a paid holiday on the day of voting and vice versa for voters of Delhi working in neighbouring cities as per their polling dates, the office of the Chief Electoral Officer informed through a press release.

Amid persistent advisor demand for exposure to alternatives, particularly in the private-credit space, iCapital has announced a deal to help more investment professionals and their clients diversify into the sector.