CEO Financial News

finfluencers. Although the regulator has come up with clever ideas on how to tackle finfluencers, I think the finance minister could also play a huge role.

By Sriram PH

Zaggle, India’s leading & listed B2B SaaS FinTech providing spend automation solutions, has announced its partnership with Hyperface, Asia’s first Credit Cards as a Service (CCaaS) platform. The partnership will strengthen Zaggle’s product suite, and add to its expense management solutions with multi-wallet functionalities.

Agratas, Tata Group’s global battery business, and Tata Technologies, an engineering and digital services company have announced their collaboration to scale Agratas’ product development and enterprise systems, supporting the design, development and manufacturing of best-in-class battery solutions.

The real estate sector, buoyed by a remarkable year, has again started looking towards the upcoming Interim Budget 2024-2025 with a blend of hope and expectations. The previous year, as detailed in various reports, was a milestone for residential real estate, witnessing an upsurge in both new launches and home sales. This success story has set the stage for what many in the industry hope will be a transformative period of policy reform.

OpenAI CEO Sam Altman is visiting South Korea on Friday and meeting leaders of chipmakers Samsung Electronics and SK Hynix, two sources with knowledge of the matter said. Altman is expected to discuss potential partnerships for making chips, the sources said, declining to be identified.

share price targets on Tech Mahindra after the IT company's third-quarter net profit plunged 60% from the same period a year ago. The stock dropped 5.89% to close at ₹1,325 on Thursday. The average analyst price target on Tech Mahindra by Bloomberg after the third quarter results was at ₹1,302, implying a downside of 1.67% from Thursday's closing. Analysts said that the company's weaker performance indicates that turnaround would be tough in the near term, given the weak demand environment. Nomura said that despite a strong team led by new CEO Mohit Joshi, the turnaround remains challenging, however, the FY25 dividend yield of 5% is expected to be supportive. «While new CEO Mohit Joshi reiterated the contours of his broad strategy around verticalisation of sales and delivery to drive better sales and margin outcomes in the medium term, finer details around investments needed to accelerate growth will not be known until April 2024, with the release of 4Q FY24 results,» said Nomura in a note. HSBC said that margin expansion is contingent on «pyramid improvement» or a «pricing uptick».

Morgan Stanley Chairman James Gorman's compensation jumps 17% to $37 mn in 2023 Piepszak, 53, succeeded Lake as CFO, capping a relatively quick ascent into the realm of potential Dimon successors, and she has gained momentum as the top candidate in the years since. Her new role broadens her experience on the Wall Street side of the house, where she started her career before making a rare leap to the consumer side more than a decade ago. Rohrbaugh, 53, rose through JPMorgan’s bond-trading apparatus to become global head of markets in 2019.

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The stock market has been surging this year, but investors had started out 2024 with a lot of money in cash products, Ameriprise executives said during the firm’s earnings call Thursday.

Shares of T-Mobile (TMUS) fell 2.3% in after-hours trading Thursday after the wireless network operator reported Q4 2023 results.

By Mimosa Spencer

Tesla tumbled seven per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world’s most valuable automaker.

Italian Premier Giorgia Meloni is slamming carmaker Stellantis, accusing it of weakening Italy’s industrial footprint since the merger of FiatChrysler and Peugeot that created the world’s fourth largest auto maker

A group of federal appeals court judges in New Orleans is mulling whether a 2018 social media post by Tesla CEO Elon Musk unlawfully threatened Tesla employees with the loss of stock options if they decided to be represented by a union

Union Pacific's fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and chemicals

Nokia has reported a double-digit decline in sales and a fall in profit in the last three months of 2023

Alaska Airlines says the grounding of some Boeing planes will cost the airline $150 million

Quiver Quantitative — Tesla (NASDAQ:TSLA) experienced a significant drop in its stock value, nearly 11%, following CEO Elon Musk's announcement of slower sales growth and a focus on developing a more affordable electric vehicle. This projected decrease in market capitalization, which could reach $70 billion, compounds an already challenging month for the automaker, with its valuation potentially shrinking by approximately $200 billion.

Worldcoin is seeking to release a new version of its futuristic-looking Orb device. Alex Blania, CEO and co-founder of Tools for Humanity, the company behind Worldcoin, told TechCrunch that the new Orb will resemble an Apple product.

Lvmh Moet Hennessy Louis Vuitton (LVMHF) said Thursday that its growth was higher quarter-on-quarter in Q4, while organic growth was 13% year-on-year in 2023.