CEO Financial News

F.L.Putnam is expanding its reach in New Hampshire as it scoops up a practice specializing in trust services for the high-net-worth.

SIPs offer a pathway to long-term wealth accumulation and the attainment of financial goals. Kartik Jhaveri, Director of Wealth at Transcend Capital, emphasises the potential for long-term wealth accumulation through mutual fund Systematic Investment Plans (SIP). “SIPs provide investors with the opportunity to tap into the average returns offered by the equity market.

Swarup Mohanty, Vice Chairman & CEO, Mirae Asset Global Investments, says “every fund manager will ask you to buy a good company at a good price. You have to decide how much of your portfolio is invested in good companies and the good companies are invariably the larger companies which have more from a balance sheet stability perspective. So, if you have bought more of the smaller companies, it is time to rebalance and that would be the right way of going ahead.” Good to see that despite the kind of volatility that we have seen in the stock markets, the SIP data continues unabated. What is your own expectation of what the next realistic target should be for the SIP figures on a monthly basis? Swarup Mohanty: It has become the go-to way of investing broadly for Indians. It is such a wonderful process of investing. It does allow investors to catch volatility like this and then over a period of time, the rupee cost averaging does set in. So, the process of investing through SIP is always the disciplined way and hence I think more and more Indians are catching on to it, 19,200 per month as we speak. My figure for December 2024 is 25,000. I do not see any stoppage of this at all. So, yes, I mean, great to be at the receiving end of the SIP flows.

Delta Air Lines has reported a small first-quarter profit and says travel demand is strong heading into summer

Macy’s said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain

The United Nations climate chief says humanity has only two years left “to save the world” by making dramatic changes in the way it spews heat-trapping emissions

Stocks that traded heavily or had substantial price changes on Wednesday: Hexcel, WD-40 fall; Macy's, Roblox rise

Carlyle is in formal discussions with TPG Growth to sell at least 25-30% stake in VLCC Healthcare Ltd, within a year of acquiring the wellness, beauty products and services company, said people aware of the matter. VLCC’s nearly 78% surge in valuation in just 12 months is the key trigger for Carlyle to take some money off the table, the people said. Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands.

Financial author and forecaster Harry Dent explains why he's predicting 'very strong, sudden tightening' of markets has yet to fully shock the economy.

Bringing aboard 2,400 financial advisors from seven separate broker-dealers, as LPL Financial is doing with its acquisition of Atria Wealth Solutions Inc.’s network of firms, will be “complex,” even for a firm with LPL’s long experience with acquisitions, according to a March research note from analysts at JPMorgan Chase & Co.

Technologists have been doing it. Jamie Dimon just did it in his latest letter to shareholders. I’m referring to the way people are comparing the transformational impact of artificial intelligence (AI) to that of the steam engine.

Warburg Pincus has bought a majority stake in Chennai-based Appasamy Associates, India's largest maker of ophthalmic equipment and intraocular lenses (IOLs). Financial details of the transaction were not disclosed. Appasamy operates across the entire value chain of ophthalmic devices — diagnostic, surgical equipment, and IOLs, according to company statement. ET was the first to report last July that Warburg Pincus was in advanced stages of talks to acquire Appasamy, having signed an exclusivity agreement, and started due diligence of the company. Promoters of Appasamy were expecting a valuation of ₹3,000-₹3,200 crore, ET reported at the time. Warburg planned to buy a 60-70% stake in the company and the business would continue to be run by the current management, ET reported. Post the deal, Appasamy will continue to be led by recently appointed CEO, Senthil Kumar who will drive the business going forward with support of the promoter family and in partnership with Warburg Pincus, according to the statement. Appasamy is also the exclusive distributor for Canon medical equipment in India.

Waverly Advisors has expanded its operations in the eastern US with the acquisition of an investment advisory firm in North Carolina. Waverly, a top fee-only RIA, is making its maiden foray into Charlotte, North Carolina, by acquiring McShane Partners, which was among the first fee-only investment advisory firms in the city.

Assam State Rural Livelihoods Mission and the Assam State Urban Livelihoods Mission, achieved a remarkable feat by enlisting in the India Book of Records. More than 40 lakh women members of Self-Help Groups (SHGs) from Assam came together on a single day to pledge their support for the forthcoming General Election to Lok Sabha in 2024. The initiative was aimed to uphold the democratic traditions of the country and the dignity of free, fair and peaceful elections. It also envisioned at improving electoral participation not just in terms of numbers but also in terms of quality through the effective implementation of Systematic Voters’ Education and Electoral Participation (SVEEP), a flagship program of Election Commission of India. The member of SHGs ‘Sarathi Baideo’ took active role and held help desk at various government outlets in consultation with District Administration and District Election Offices.

Tesla CEO Elon Musk on Wednesday confirmed his visit to India in a post on X (formerly Twitter). Musk wrote, «Looking forward to meeting with Prime Minister @NarendraModi in India!» The CEO is likely to announce the company's investment plans in the country, reported PTI, citing sources. Musk, who has described as a 'natural progression' to provide Tesla electric vehicles in India, is likely to be accompanied by other company executives during the visit that is expected in the week of April 22, as per PTI source. However, there was no confirmation about this from Musk.

ALSO READ: QS Asia Rankings 2024: India beats China with highest number of universities QS CEO Jessica Turner has said providing high-quality tertiary education in the face of exploding demand is the biggest challenge faced by India. "This was recognised by 2020's NEP (National Education Policy), which set the ambitious target of a 50 per cent gross enrolment ratio by 2035.

BUIDL Asia 2024 elevates the Web3 ecosystem with discussions on blockchain, AI, and the future of digital integration

Wipro Ltd appoints company veteran Malay Joshi as the chief executive officer (CEO) of its largest and fastest-growing market, Americas 1, the company informed the stock exchanges. Joshi will succeed current Wipro CEO Srinivas Pallia, who headed the market unit from January 2021 until his promotion a few days back.

Garuda Aerospace on Wednesday said it has bagged the first order from ISRO for the supply of its cutting-edge quadcopter drones. Equipped with Machine Learning and Artificial Intelligence, the quadcopter drones would significantly enhance efficiency across the operations of the Bengaluru-headquartered space agency. During the Covid-19 lockdown, ISRO utilised the services of Garuda Aerospace in 2021 for sanitising its premises using drones, the city-based drone manufacturer said in a press release.

CashKaro to integrate decentralised blockchain technologies into CashKaro’s cashback services and online retail space. Zyber 365 Group was founded by Pearl Kapur, who recently became India’s youngest billionaire at 27. Zyber 365, valued at $1.2 billion currently, is an Indian cashback and coupon site. This alliance marks a pivotal juncture in the evolution of cashback space and online e-commerce, promising unparalleled innovation, scalability, transparency, and efficiency for consumers and retailers alike, Zyber 365 said.

The California homeless charity that received $53 million over the years from investors who wanted a private lunch with billionaire Warren Buffett has found a new business executive to auction off a meal with