CEO Financial News

Wipro announced its September-December quarter results for fiscal 2023-24 (Q3FY24) today, reporting a consolidated net profit of ₹2,694 crore, a mere 1% QoQ jump, while showing a 12% decline on a year-on-year (YoY) basis. The revenues of Wipro came in at ₹22,205 crore in Q3, indicating a 4.4% decrease compared to the revenue of ₹23,229 crore reported in the corresponding period last year. Sequentially, revenue also saw a 1.4% drop.

The Japanese brokerage and financial services firm, Monex Group, has announced a significant move in the cryptocurrency sector. It plans to acquire a majority stake in 3iQ Digital Holdings, a Canadian digital asset investment fund manager. This acquisition is priced at $39.8 million, marking a pivotal moment for Monex Group in its journey to expand its crypto business​​​​.

During the course of his protracted legal struggle in the United States, Changpeng "CZ" Zhao, who formerly served as the CEO of Binance, has encountered a serious setback. In response to Zhao's second request to fly outside of the country, a federal judge named Richard Jones of the United States District Court for the Western District of Washington in Seattle declined to grant his request. This determination was made as a part of the processes that took place prior to the sentence hearing for Zhao.

renewable energy for a cleaner future, 'Make in India' for domestic manufacturing, and EV infrastructure development. Key in this arena is the rise of green infrastructure, like LEED-certified buildings, which exemplify sustainable real estate practices. ESG (Environmental, Social, and Governance) criteria further enrich this domain, enabling investors to evaluate companies on broader societal impacts.

Simplilearn has appointed Veerasundar V as its chief financial officer, the edtech firm said in a statement on Friday. Veerasundar has experience in maximising enterprise value through strategic financial management and supporting business transformation. He has previously played crucial roles in supporting industry-leading growth, implementing business processes, managing fundraises, overseeing public listings, providing exit to private equity firms and collaborating with external consultants for business transformation. In his previous stints, he has worked at CSS Corp, Quest Global and Intel. «Veerasundar's extensive financial expertise aligns seamlessly with our commitment and support to continued expansion.

5paisa Capital Q3 Results 2024: The third quarter of the fiscal year 2024 (Q3FY24)Stock broking company 5paisa Capital on January 11 announced that its profit after tax (PAT) increased by 37 per cent year-on-year to ₹15.1 crore for the quarter that ended in December 2023. In the same period last year, the amount was ₹11 crore. The stocks of 5Paisa Capital were trading in red, down 7.15 per cent, at ₹642.70 on BSE at 10:33 am on January 12, 2023.

Shares of electric vehicle giant, Tesla (NASDAQ:TSLA) are down nearly 3% in afternoon trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.

By David Shepardson

In this article

Union Budget 2024-2025 is expected to have a significant impact on the MSME sector, which is considered the backbone of India’s economy as it contributes to about 30% of our GDP, 48% of exports, and employs over 11 crore people. “Allocation of more funds for the ‘Raising and Accelerating MSME Performance’ (RAMP) scheme would provide major financial and technical support to MSMEs.

Bengaluru CEO Suchana Seth's son murder case have found a crucial piece of evidence: crumpled tissue revealed a six-line note. This note, a crucial piece of evidence, sheds light on Suchana's mental state, indicating that the custody dispute had been weighing heavily on her, Times of India reported, citing investigators. Suchana Seth, the CEO of Bengaluru start-up Mindful AI Lab, is accused of murdering her 4-year-old son in a north Goa apartment. The note was found within the suitcase containing the lifeless body of her four-year-old son. The note, inscribed with an eyeliner, cited coercion from the court and her estranged husband, who, she claimed, pressured her to give up custody of her son. «Court and my (estranged) husband pressurising me to give custody of my son, and I cannot take it anymore,» says the note, written with an eyeliner, according to the report «My ex-husband is violent… he used to teach bad manners to (my) son. I don't want to give even a day's custody to the father.» Investigators disclosed that Suchana sang a lullaby in an attempt to lull her son to sleep before allegedly taking his life. Authorities plan to submit the note for forensic analysis to authenticate the handwriting. In addition, Suchana had been in contact with a parental therapist before the tragic incident, prompting investigators to scrutinize call records for further insights, the report said.

OpenAI unveils GPT Store for custom AI-powered chatbots Pictures of Altman's wedding began circulating on social media on Thursday, showing the couple surrounded by palm trees in a ceremony apparently attended by only a dozen or so people. According to a report by The Free Press Journal, Altman and Mulherin shared the news of their union via a post on Instagram.

online audiobook and podcast service Audible is laying off about 5% of its workforce, marking the third round of job cuts at the ecommerce giant's businesses this week as the technology industry continues to shed roles in the new year. In a memo sent to employees Thursday, Audible CEO Bob Carrigan said the company is in good shape, but faces an «increasingly challenging landscape.» «We did not take this route without considerable thought,» Carrigan said. «But getting leaner and more efficient is the way we will need to operate now — and in the foreseeable future — in order to continue delivering best-in-class audio storytelling to our customers around the world.»

Circle Internet Financial, the company behind stablecoin USDC, said on Thursday that it had confidentially filed for a US initial public offering as part of plans to become a publicly-traded company. Circle did not disclose the number of shares it plans to sell or the proposed price range for its new IPO filing.

Discord, the social chat and messaging startup beloved by gamers, told employees Thursday that it would cut 17% of its staff, adding to the string of recent jobs reductions by tech firms. Roughly 170 jobs will be affected by the layoffs, according to an internal memo sent by Jason Citron, Discord's founder and CEO, which was seen by The New York Times.

Start investing, even with small amounts, but stay invested for the long term. Here are some reasons why it's never too early to start planning for your retirement: As per Albert Einstein, 'compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it'.

Real estate company TARC Ltd, listed on NSE & BSE, has announced the launch of its ultra luxury residential project in New Delhi. The company plans to invest close to Rs 1200 crore in this high-rise project, named TARC Kailasa, which will be centrally located on main Patel Road.

More people than ever held the certified financial planner credential last year, and the number of those sitting for the exam to earn the credential also hit a record, according to the organization that grants the mark.

Hightower has announced the completion of a strategic investment in a New York wealth management and financial planning firm managing $3.3 billion in assets.

Uri Kolodny, the CEO and co-founder of StarkWare Industries, has stepped down from his role due to family health issues. However, he will remain a board member of StarkWare and Starknet Foundation.

The Kentucky Derby purse has been raised to $5 million for the 150th edition in May