CEO Financial News

First Digital’s native stablecoin FDUSD, which has a market cap of over $3 billion, is now available on the third blockchain – Sui, after integrating Ethereum and BNB Chain.

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₹25,000 and the Grand Vitara Sigma variant will be ₹19,000 pricier. The new prices will be effective from April 10, said the company. In January, the automaker had announced a 0.45 per cent price hike across models citing increased cost pressure driven by overall inflation and increased commodity prices.

Kotia appears in news headline whenever it's poll time — but not because it is a critical seat or something. It is because of the unique privilege its voters enjoy — they can vote in two states. Kotia is located along the Andhra Pradesh and Odisha border. The place is at the centre of a long-running territorial dispute between the two. Electorally, it falls in two Lok Sabha constituencies: Araku in Andhra and Koraput in Odisha. The area has more than 2,500 voters spread across 21 tribal villages. These voters hold voter IDs, ration cards, and even pension cards of both Odisha and Andhra.

Movie theater owners who gathered in Las Vegas this week for the annual CinemaCon convention and trade show are still feeling the high from “Barbenheimer.”

A Senate subcommittee has opened an investigation into the safety of Boeing jetliners, intensifying concerns about the airworthiness of the company’s aircraft

Grayscale Bitcoin Trust may be reaching an equilibrium after months of investor selling, Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on the latest episode of Inside ETFs. Grayscale has battled to retain dominance of the bitcoin exchange-traded fund (ETF) market since rival offerings from nine other issuers emerged in January, after the U.S. Securities and Exchange Commission (SEC) approved the launch of the products after a decade-long tussle with the crypto industry.

mutual funds and foreign portfolio investors (FPIs) raised stakes in the fintech firm. March quarter shareholding pattern shows that MFs raised their stake in Paytm by 117 bps to 6.15% in Q4, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund. As a result, domestic institutional investors witnessed an increase in stake by 79 bps from 6.06% to 6.86%. FPIs increased their stake in Paytm by 200 bps to 20.64% during the quarter.

Congress MP and Lok Sabha poll candidate from Nagaon constituency in Assam, Pradyut Bordoloi, has filed a complaint against Chief Minister Himanta Biswa Sarma, alleging that he violated the model code of conduct by offering money to all ration cardholders during the ongoing election campaign. Bordoloi filed the complaint to the chief election commissioner on Tuesday night, alleging that Sarma, in a public meeting in Lakhimpur during the day, made a promise to transfer Rs 10,000 to the bank accounts of every ration cardholder after the election. Stating that such assurances are a «clear violation» of MCC, the Congress leader said, «Such promises are not only unethical but also an attempt to influence voters through financial inducements, thereby compromising the integrity of the electoral process». He urged the ECI to investigate the matter thoroughly and take appropriate action against the chief minister for his «misconduct».

While speaking to the design team at Flipspaces, we uncovered the secret sauce behind the awe-inspiring designs that we see. The journey started with an immersive engagement with the BFIL team, where Flipspaces conducted extensive focus group discussions to grasp the diverse aspirations across multiple stakeholders. This research-driven approach served as the cornerstone for coming up with the winning formula of a vibrant, biophilic, and rural-themed design. These three themes are beautifully complimented in every nook of the office across meeting rooms, reception, workstation bays and breakouts. The moment you enter the office you will be welcomed by rural-themed murals representing various facets of rural India, empowerment of which is the vision of the BFIL brand. The meeting rooms depict art and culture of various states where BFIL is present, through interesting wall graphics and artefacts. Biophilia is a common thread in high-density zones such as workstation areas, where the natural greens give a soothing effect to the eyes. Across the office, we see colour-blocking at its best through vibrant hues to break the monotony.

One 97 Communications, the parent company of Paytm, shows that the holding of domestic investors has increased in the fourth quarter of FY24 driven by mutual funds along with new FPIs buying the stock. Mutual Funds have increased their stake in Paytm by 1.17% from 4.99% in the quarter ended December 2023 to 6.15% in the March 2024 quarter, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund.

(This story originally appeared in on Apr 10, 2024)

Marc Benioff. The San Francisco-based charity helps the homeless and those in poverty in the same city where Benioff oversees a software empire. The final auction of a lunch with Buffett two years ago attracted a record $19 million price that isn't likely to be matched.

The market for commercial real estate mergers and acquisitions showed signs of life Monday when Blackstone announced that it was acquiring a listed real estate investment trust, Apartment Income REIT Corp., for $10 billion in cash.

If the Terminator movies were right about one thing, it’s that the machines – and humans’ trust in them – are indeed rising.

JPMorgan Chase Banking Business CEO Ben Walter discusses how small business optimism can increase on The Claman Countdown.

Flags Group, the India-focused consumer fund set up by Rakesh Kapoor, former global CEO of Reckitt Benckiser, has struck its first deal in India by investing an undisclosed amount in speciality coffee chain Blue Tokai Coffee Roasters. Kapoor confirmed the deal to ET. He, however, declined to give further details on the investment. A Blue Tokai spokesperson declined to comment. The investment by 12 Flags comes at a time when cafe chains in India are growing faster than quick service restaurants (QSRs), fuelled by younger set of consumers, aspirational demand, and menu innovation. In addition to new-age speciality coffee chains such as Blue Tokai, Third Wave and Slay, there are legacy brands such as Tata Starbucks, Costa Coffee and Barista, as well as relatively newer global entrants to India like British chain Pret a Manger and Canada's Tim Hortons, all of which are fuelling demand for cafes.

Ripple’s CEO, Brad Garlinghouse, anticipates the cryptocurrency market cap soaring to $5 trillion this year, fueled by significant macro factors such as the launch of the first U.S. spot bitcoin ETFs and the forthcoming bitcoin halving event. With the the XRP price predictions seems to be taking a bullish turn.

In the face of economic uncertainties, high mortgage rates, and caregiving responsibilities for both children and aging parents, a majority of millennials are letting their long-term need to prepare a legacy fall by the wayside, according to a new study.

India now consumes more than double the petrol it used a decade ago as new and larger vehicles are selling at a scorching pace. Diesel consumption is up by about a third while the overall oil demand is up by half. «The data show that fossil fuels continue to be in demand despite policy push for EVs (electric vehicles) and renewables. From the trajectory of demand numbers, it appears that oil will continue to be in demand for some time and peak oil demand in India is not likely before 2040,» said Mukesh Surana, CEO, Ratnagiri Refinery & Petrochemicals Ltd. «It's a positive trend for Indian refiners, at least for the next 10 years.» Between 2013-14 and 2023-24, the annual consumption of petrol increased 117%, diesel 31%, aviation turbine fuel 50% and LPG 82%, according to the petroleum and natural gas ministry data. Kerosene consumption slumped 93% during this period as the government's clean cooking drive increased access to LPG.

MUMBAI : To capitalize on the country’s rising equity investment trend, especially through mutual funds, IndusInd International Holdings Ltd. (IIHL), a Mauritius-based investment firm led by the Hinduja brothers, said on Tuesday it has entered into an asset management joint venture with Atlanta-based fund management group Invesco Ltd.