CEO Financial News

As Bachman-Turner Overdrive once sang, advisors are “taking care of business.” With April well underway and tax season coming to a close, some advisors might be considering doing some spring cleaning around the office.

The anemic start to the year for sales of nontraded real estate investment trusts is yet another indication of the tough market for commercial real estate investors, which is leading some market participants to expect a reduction in the value of some REITs, particularly the popular net asset value or NAV products.

Arax has just taken a massive step to expand its wealth management capabilities with a deal in Texas. The wealth firm announced the incorporation of U.S. Capital Wealth Advisors, a step that elevates Arax’s assets under management to more than $16 billion.

Morgan Stanley’s wealth unit is under the regulatory microscope, with multiple federal agencies scrutinizing its procedures for evaluating the risk of money laundering among clients within its extensive wealth management arm.

A subsidiary of Japanese-based Fujifilm Corp. plans to expand further a massive biopharmaceutical manufacturing plant in the state, even as the initial phase is yet complete

With reports and rumors swirling about possible mergers and bids to acquire Paramount, the film studio put its best foot forward for theater owners at CinemaCon on Thursday

According to data sourced from Prime Database, there are 28 non-India expat CEOs among the 2,521 CEOs cumulatively appointed by 2,048 listed companies at end of FY24. The number of expat CEOs has hovered around the same levels over the past decade with several being individuals of Indian origin. In a country that is a CEO factory for the world, an expat CEO remains an exotic species. India Inc has largely been homogeneous in its C-suite appointments with a clear preference for home-bred desi CEOs. This is due to a variety of reasons such as cost, culture fit, understanding of the market complexities & regulatory systems.

The federal government has announced a series of measures to make it easier for first-time buyers to break into the housing market with changes to the Home Buyers’ Plan and amortizations on some mortgages.

The cement industry is one of the largest emitters of carbon dioxide and is responsible for some 8% of global emissions each year

Amazon is adding artificial intelligence visionary Andrew Ng (EE-ng) to its board of directors

Kishida cracked jokes and invoked a touchstone of American culture as he quoted from «Star Trek» at Wednesday's state dinner, telling guests at the White House that he hoped the «unshakable relationship» between his country and the U.S. would «boldly go where no one had gone before.» «I would like to propose a toast to our voyage to the frontier of the Japan-U.S. relationship with this word: boldly go,» Kishida said, quoting the iconic opening monologue of the original «Star Trek» series.

tax system, hangs over many non-resident Indians (NRIs), recent migrants, and families who are planning to make the UK their new home. The new tax order, expected to take effect in April 2025, would increase their tax burden, require meticulous planning, and may even make the UK a less attractive country to migrate. Think you check all the immigration boxes? Find out Over the past one month, tax experts and lawyers have been visiting London, exchanging notes with their City counterparts, to find ways to soften the blow.

Bangkok, April 11, 2024 – Southeast Asia Blockchain Week (SEABW), a premier blockchain conference exploring the evolving landscape of Web3 in the Southeast Asia region, is thrilled to announce the speaker lineup for the main SEABW conference. The headline speakers include Aptos Co-Founder and CTO Avery Ching, Animoca Brands Co-Founder & Chairman Yat Siu, SCBX Deputy CEO Arak Sutivong, Hashed CEO & Managing Partner Simon Kim, Nansen CEO Alex Svanevik, YGG Co-founder Gabriel Dizon, Wintermute Co-founder Yoann Turpin, and The Spartan Group Co-founder & Managing Partner Kelvin Koh.

₹441, a 7.5% drop from its 10 April closing price of ₹477.70. Systematix Institutional Equities, meanwhile, has a “hold" rating on Wipro with a target of ₹440 per share. The Bengaluru-headquartered company has seen an exodus of top talent, including chief financial officer (CFO) Jatin Dalal, who joined rival Cognizant, and Rajan Kohli, the digital business head, who joined as chief executive officer (CEO) of Citrus Tech last April.

Ruia's owned Essar Power Limited has appointed Ankur Kumar as the Chief Executive Officer of its renewables business division, the company said on Thursday. «Ankur will play a key role in advancing Essar's commitment to transitioning into green energy and establishing a robust renewable ecosystem in India,» said Essar Power in a press statement, adding that with over 24 years of experience in renewable energy and public infrastructure sectors, Kumar brings a wealth of knowledge and expertise to his new role. Previously Kumar served as the CEO at ACME Solar Holdings Pvt. Ltd., spearheading the strategic expansion of the company into green hydrogen and ammonia businesses. He also held a leadership position at TBEA Xinjiang Sunoasis Co. Limited, a Chinese green energy company.

The AmeriFlex Group has hailed its innovative programs for attracting advisors and achieving strong growth for its hybrid RIA business.

First Horizon Corp. has appointed Martin de Laureal to head its wealth management subsidiary and its private banking operations.

Mercedes-Benz is unfazed by the likelihood of Tesla entering India with imported electric cars at much lower duty and believes that the country's new EV policy has safeguards for existing players, a senior company official said on Thursday. While the entry of the likes of Tesla and VinFast will help expand the market and accelerate EV adoption in India, Mercedes-Benz is confident to maintain leadership in the luxury EV space as the new entrants would play in the lower segment. «I think new competitions and new players are always welcome. It helps to expand the market, spread more awareness, which is also the need of the hour to get more EV penetration,» Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI. He was responding to a query on the implications of India's new EV policy and if it puts manufacturers which have already invested in the country at a disadvantage.

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Andhra Pradesh Chief Electoral Officer Mukesh Kumar Meena on Thursday ordered end-to-end surveillance of liquor movement, aimed at curtailing influence of liquor in the run-up to Assembly and Lok Sabha elections in the state. As part of state-wide monitoring, the CEO ordered the managing director of the Andhra Pradesh State Beverages Corporation Ltd (APSBCL) to track the movement of liquor by deploying Global Positioning System (GPS). Similar directives were also issued to the commissioners of Prohibition and Excise Department and Special Enforcement Bureau (SEB). «The movement of liquor from the distillery/ brewery to the godown of APSBCL should be GPS tracked (and the) feed of which also to be provided to the District Election Office control room and the CEO control room,» said Meena in an order.

equity markets through mutual funds, investors can choose from a wide variety of schemes like the smallcap, midcap fund or largecap fund, or choose a combination of the same under the flexicap fund. The capital market regulator has defined the top 100 companies by market value as largecap companies, the next 150 companies as midcap companies, and beyond the top 250 companies by market value are called smallcap companies. An investor can allocate funds across these different market cap companies either by choosing the amount to be allocated to each fund category individually or leaving the decision to a fund manager who would allocate across different categories of market caps dynamically depending on various factors like current market conditions, future growth outlook and relative valuations. It appears a large number of investors prefer to leave the judgment of allocation across the different market caps to the fund manager, as evidenced by the fact that the flexicap category is the largest category among all equity mutual fund schemes today commanding almost close to Rs 3.5 lakh crores worth of assets, which is larger than any category of mutual fund schemes.