CEO Financial News

It is important to meet deadlines especially when it comes to income tax as it can help avoid paying penalties, penal interest, and file income tax return (ITR).

Tourism & Hospitality (FAITH) announced the appointment of IHCL MD and CEO Puneet Chhatwal as its chairman on Wednesday. He takes over from Nakul Anand who will no longer be a member of the Hotel Association of India (HAI) Executive Committee, thereby relinquishing his position at FAITH, the industry association said in a statement. The announcement came following Anand's retirement from his position as executive director, ITC. Chhatwal takes over with immediate effect. An announcement to this effect was made by Rajiv Mehra, honorary secretary, FAITH. «With the support of all the members I will strive to make FAITH, a strong policy advocacy body on issues related to tourism and hospitality industry and carry forward the legacy built by Mr Anand,» said Chhatwal.

Alternative Investment Funds (AIFs) in India. This platform provides a seamless solution, simplifying the challenges faced by fund managers and investors in dealing with the intricacies of AIFs. Over the last decade, commitments to AIFs have experienced an astonishing surge, skyrocketing from ₹1,437 crore in 2013 to ₹8,33,774 crore in March 2023—an extraordinary 580x increase.

retail investor interest sparked by soaring yields in 2023. Online brokerage Public, wealth management platform Wealthfront and fintech software company Apex Fintech Solutions are among the firms launching new products that aim to make it easier and more affordable for individual investors to gain exposure to fixed-income products like Treasuries and corporate bonds.

Steep price cuts helped electric vehicle maker Tesla Inc. increase its fourth-quarter vehicle sales by almost 20% as EV sales growth slowed across the industry

Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with a U.S. subsidiary of global energy giant Iberdrola has been scuttled

collision of two airplanes at Tokyo's Haneda airport, weeks after the global airline industry heard fresh warnings about runway safety. All 379 people aboard a Japan Airlines Airbus A350 escaped after a collision with a De Havilland Dash-8 Coast Guard turboprop that killed five of six crew on the smaller aircraft.

Groww, AngelOne and PhonePe are emerging as top distributors of mutual fund products, adding lakhs of new systematic investment plans (SIPs) every month. They drew in nearly half the new SIPs opened in November 2023, according to data from asset management companies shared exclusively with ET. The Association of Mutual Funds of India (AMFI) noted that over 3 million new SIPs were created in November 2023, of which around 1.3 million were opened on fintech platforms, according to industry estimates. Groww opened more than 700,000 new SIPs while more than 200,000 were generated by AngelOne and over 120,000 by PhonePe. Paytm Money, the wealth management subsidiary of Paytm, generated around 76,000 new SIPs in November.

A Catholic values group plans to launch a multiple employer 401(k) plan this month that is compliant with the church’s teachings.

Financial industry opponents and investor-advocate supporters of a Department of Labor investment advice rule squared off in their familiar positions as the public comment deadline on the measure approached Tuesday.

Quiver Quantitative — Tesla (NASDAQ:TSLA) wrapped up 2023 with a record-setting fourth quarter, delivering 494,989 electric vehicles, yet it couldn't retain its position as the leading EV manufacturer, surpassed by China's BYD (SZ:002594). Despite achieving a remarkable annual production of 1.85 million units, Tesla fell short of CEO Elon Musk's goal of 2 million. In comparison, BYD, bolstered by Warren Buffett's backing, surpassed Tesla with 526,409 deliveries in the fourth quarter, reflecting a consumer shift towards more affordable EV options in an economy burdened by high interest rates.

By Jonathan Stempel

Crypto voters could play a key role in swinging the 2024 election, a new survey from the Crypto Council for Innovation reveals.

Even though 2024 has just begun, Canada’s top 100 highest-paid CEOs have already made more than the average worker.

Trillion-dollar asset managers are eyeing approval for their Bitcoin (BTC) ETF products within days, and all are competing to seize market share at the opening bell.

Recently, a video surfaced revealing the involvement of big banks in the drafting of the Digital Asset Anti-Money Laundering Act, initiated by Senators Roger Marshall and Elizabeth Warren. The act, originally introduced in December 2022, has garnered significant attention due to its potential impact on the cryptocurrency sector.

Canada’s 100 highest-paid chief executives broke records with their compensation in 2022, according to the Canadian Centre for Policy Alternatives.

By Nivedita Balu

Now-defunct cryptocurrency exchange FTX is embroiled in a legal battle that could extend over several years as creditors seek to recover over $8 billion. 

Birlasoft, part of the diversified CK Birla Group, has appointed Manjunath Kygonahally as chief executive officer for the ‘rest of the world’ (RoW) region, effective January 2. He will be based in the UK. Kygonahally will be responsible for the company’s business and strategic growth initiatives in the RoW region, which comprises all regions outside of the Americas.

The chief executive of Cetera Holdings sees a bright future for its financial advisor wealth hub.