CEO Financial News

Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO A K Singh said. Petronet is making a foray into the petrochemical business by investing Rs 12,685 crore in a propane dehydrogenation plant that will convert imported feedstock into propylene, as well as setting up an LNG import facility at Gopalpur in Odisha at a cost of Rs 2,300 crore, he told reporters on the sidelines of India Energy Week here.

Google has introduced a free artificial intelligence app that will implant the technology on smartphones

The recent introduction of India's Unified Payments Interface (UPI) at the Eiffel Tower in France marks a monumental step in the global acceptance of digital payments, particularly benefiting Indian tourists who can now pay in rupees while visiting this iconic landmark. Tourists visiting Paris' Eiffel Tower will now be able to book their trip to the iconic monument using India's Unified Payment Interface.

In November 2023, a New York Judge approved Celsius to form a restructuring plan to repay customer assets.

CoinDesk’s CEO Kevin Worth has stepped down as part of a major restructuring effort led by the crypto exchange Bullish, which recently acquired the media outlet.

₹3.5 lakh, ₹7 lakh and ₹10 lakh. While earlier all students who were keen on the firm were allowed to apply, this time, preference will be given to students who are certified in AWS, Oracle, Java, etc," said the placement head of a leading engineering college based in Tamil Nadu that has over 5,000 students graduating this year. Cognizant, which offers ₹6.5 lakh onwards, is also looking at similar skill sets; more than 1,000 students will apply for the two firms, the placement head added.

RateGain Travel Technologies Limited is a global p... moreRateGain Travel Technologies Limited is a global provider of SaaS solutions for the travel and hospitality industries.

The deal means BitGo will offer a single platform to service both traditional private securities and blockchain-based assets globally, allowing for the tokenisation of real world assets.The crypto firm - which was valued at $1.75 billion in a 2023 funding round - gets a technology stack including multi-asset custody, advanced capital formation solutions and streamlined record-keeping and transfer agent services.Mike Belshe, CEO, BitGo, says: "We currently have a dichotomy in financial services - one side deals with traditional securities and the other deals with up-and-coming blockchain-based assets and cryptocurrencies.

Transak is tapping into Visa Direct, meaning that its users in over 145 countries can convert more than 40 different cryptocurrencies into fiat in under 30 minutes.Yanilsa Gonzalez-Ore, North America head, Visa Direct and global ecosystem readiness, says: “By enabling real-time card withdrawals through Visa Direct, Transak is delivering a faster, simpler and more connected experience for its users — making it easier to convert crypto balances into fiat, which can be spent at the more than 130M merchant locations where Visa is accepted."Sami Start, CEO, Transak, says: “We believe this partnership is an inflection point for Web3 as a whole. Now, millions across the globe have a straightforward way to cashout their digital asset holdings to their local currency in real-time and intuitively.

Shares of iRobot (NASDAQ:IRBT) plunged in premarket trading after the robot maker and Amazon (NASDAQ:AMZN) announced they mutually agreed to terminate their acquisition deal.

By Abhijith Ganapavaram and Valerie Insinna

Dollar Tree (NASDAQ:DLTR) was lifted to Overweight from Neutral at JPMorgan in a note on Monday, with the firm raising its price target for the stock to $155 from $122 per share.

Mindspace Business Parks REIT has leased office spaces spread over 4.5 lakh sq ft in the quarter ended December, taking its cumulative leasing for the nine months of the current financial year to 1.6 million sq ft. The REIT has witnessed a robust trend of expansionary demand with over 80% of the new and pre-leasing by existing occupiers across various sectors. Of the total fresh leases, it has re-leased 4 lakh sq ft office space at a 17.1% higher rent during the quarter.

Compound Planning has announced a significant step in its development with the strategic hire of nine financial advisors.

Rolls-Royce Plc has formalized a pivotal seven-year agreement with Azad Engineering, based in Hyderabad, aimed at the production and supply of intricate components crucial for its defense aircraft engines. Azad Engineering's disclosure to the bourses on Monday underscored the strategic significance of this collaboration, positioning the company within the global supply chain for the intricate components essential to Rolls-Royce’s cutting-edge aero engines. Expanding Global Footprint: Under the seven-year commitment, Azad Engineering will play a key role in manufacturing and supplying critical engine parts designed for Rolls-Royce’s defense and military aircraft engines.

Zerodha tech glitch: Kite app 'connectivity issue' resolved, says brokerage firm The service disruption caused significant inconvenience and distress among traders, as it not only rendered customers unable to access their account details but also posed challenges in placing orders or closing open positions. Acknowledging the issue, the company said, "Due to a connectivity issue, some of our users were intermittently facing issues with order placement on Kite.

By John Revill

A post shared by Nithin Kamath (@nithinkamath) The video begins with Kamath's message, stating, "We carried out a fake police raid in our office to see how the team reacts to extreme stress and to have some fun, of course." Technicians set up hidden cameras to capture every moment of the unfolding drama. Kamath hired actors to impersonate police officers who, armed with a fabricated Bombay High Court order, stormed the Zerodha office.

So if you are an executive looking to become a CSO, it is important to understand what the role entails.

By Tom Sims, Jesús Aguado and Valentina Za

While societal acceptance of such relationships has increased, at least in metros and tier 1 cities, they continue to be beset with several legal and financial issues. Though living together is not considered illegal or a criminal offence, there are no specific laws governing such relationships and the couples do not enjoy the same legal and financial rights as married couples. Over the years, however, several Supreme Court rulings have accorded legal protection to the relationship based on a loose definition of cohabitation. “Live-in relationships have legal validity, though India does not have a dedicated statute for these and it is only governed to a limited extent by judgments of the Supreme Court,” says Rohan Mahajan, Founder and CEO of LawRato.com. Such couples face several challenges because most financial and government institutions recognise only married couples and blood relatives for legal transactions. Inheritance rights, joint tax benefits and health insurance coverage can be tricky, while long-term financial planning for goals like retirement and buying property can be complicated. Overcoming these requires careful financial planning and legal documentation to ensure stability and security in the long run. Joint financial products