CEO Financial News

Axis Bank, ZEE, Cipla among others will be in focus due to various developments and quarterly numbers. Here's a complete list of stocks for investors to track.

In a recent interview with CNBC, Cathie Wood, the CEO of Ark Invest, projected a significant rise in the value of Bitcoin by 2030. According to her forecast, Bitcoin could reach approximately $600,000 under base scenarios. More optimistically, considering factors such as a potential bull market and the possibility of the U.S. Securities and Exchange Commission (SEC) approval, she expanded her projections to an ambitious level of $1.5 million​​.

(Reuters) -Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.

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A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX amid concerns about widespread fraud preceding the collapse of the multibillion-dollar cryptocurrency exchange.

Yes Bank, Ranbaxy and Theranos? You would have probably guessed that each of these once-lauded companies was involved in a major scam, causing an incalculable erosion of wealth, reputation, shareholder value, and, in some cases, worse. There is a more disturbing commonality among these fraudulent companies. All of them had been awarded prestigious accolades.

Zee Entertainment Enterprises CEO & MD Punit Goenka and the promoter family he belongs to from continuing to call the shots with a tiny equity stake, if other shareholders in the company once again choose to give him a long rope. Our Bureau explains: Will that change? So far, it hasn't and chances are it won't — at least for some time.

An independent bankruptcy examiner must complete an investigation into the collapse of FTX, a federal appeals court ruled Friday.

The CEO of a large-scale crypto Ponzi scheme known as IcomTech has been sentenced to five years in prison and ordered to forfeit $914,000 in criminal proceeds.

businesses took place at Davos. As has been the norm, India had strong representation, with multiple states putting up lounges to attract global investor attention. In fact, some lounges on the promenade gave one the impression of walking in Delhi on a chilly morning.

Terraform Labs has filed for Chapter 11 bankruptcy in the United States following the collapse of the TerraUSD and Luna crypto assets.

₹95,585.6 crore via equity schemes of mutual funds in the fiscal year through November, retail investors—including small, HNI and NRI investors—investing directly on the exchanges have net sold shares worth ₹43,091 crore over the same period. While purchasing a net ₹8,700 crore on NSE, they net sold shares worth ₹51,791 crore on BSE, accounting for an overall net sale figure in the period under review.

Reliance Industries chairman Mukesh Ambani; Sunil Bharti Mittal, founder and chairman of Bharti Enterprises; Kumar Mangalam Birla, chairman of the Aditya Birla Group; Hero Enterprise chairman Sunil Munjal; Zee CEO Punit Goenka; Vedanta chief Anil Agarwal; Niranjan Hiranandani, MD of the Hiranandani Group, and Oyo founder Ritesh Agarwal were among those who attended the event. «Lord Ram is arriving today. January 22 will be Ram Diwali for the entire country going ahead,» said Mukesh Ambani as he arrived in Ayodhya with his family including wife Nita Ambani, daughter Isha Ambani, sons Akash and Anant Ambani, daughter-in-law Shloka Mehta and Anant Ambani's fiancee Radhika Merchant. Mittal said he was feeling «blessed» to be in Ayodhya.

₹2,850.5 crore, compared to ₹2,062.2 crore in the year-ago period. Net loss was narrowed down to ₹221 crore from ₹392 crore reported in Q3 FY23. Notably, the firm has not posted a net profit since it went public in November 2021.

Mint Explainer: The collapse of Sony-Zee merger and its wider implications The global brokerage firm has further slashed the target price of Zee Entertainment stock by 34% to ₹198. Sony has formally asked Zee to halt the merger, while simultaneously seeking a termination fee of $90 million, alleging breaches on the part of the Indian media giant. Sony has escalated the matter by initiating arbitration proceedings against Zee.

SEBI as part of its ongoing investigation against the key management personnel of ZEEL, namely Punit Goenka, CEO and MD, has questioned some of the erstwhile directors of Zee Entertainment Enterprises Ltd (ZEEL), asking them about the steps they took to protect the minority shareholder rights of the company. On Monday, Sony Group Corp terminated its proposed $10 billion merger — first announced in December 2021 — between its India operations and Zee to create the largest media giant in the country. Following the development, at least 6 institutional shareholders cumulatively owning over 30 per cent of ZEEL are believed to be planning to approach the board and stock market regulator SEBI in the next week, to call an extraordinary general meeting (EGM) of ZEEL and seek the removal of ZEEL chairman R Gopalan and Punit Goenka, CEO and MD of the company. Over 350 ZEEL retail shareholders too are planning to join forces and write to SEBI seeking its intervention to protect their shareholder rights.

Zee Entertainment, global broking firm CLSA on Monday downgraded the stock to sell rating and warned investors that a valuation de-rating could be in the offing.

NEW DELHI : InterGlobe Enterprises, the parent company of India’s largest airline IndiGo, has announced the appointment of Aditya Pande as group chief executive officerwith effect from March. Pande joins the travel conglomerate from Udaan, India’s largest enterprise e-commerce company, where he was chief financial officer the past three years. Udaan announced his resignation on Monday.

Tamilnad Mercantile Bank has recommended the names of three individuals for the post of Managing Director and CEO to the Reserve Bank of India, a top official said on Monday. The Tuticorin-based bank said it has developed a mechanism towards ensuring big fund transactions take place after getting an approval from a concerned officer.

₹330.11 crore for the December quarter mainly led by a double-digit growth in the toothpaste segment. The oral hygiene product maker had posted a net profit of ₹243.24 crore in the year-ago period, Colgate-Palmolive India Ltd (CPIL) said in a regulatory filing. Its sales were up 8.21 per cent to ₹1,386.41 crore in the third quarter of the current fiscal.

Zee Entertainment Enterprises Ltd (ZEEL) Punit Goenka today dubbed the breakdown of Sony-Zee deal as a sign from Lord Ram.