CEO Financial News

Uday Kotak, the founder and director of Kotak Mahindra Bank, wants you to move away from banks in a bid to create sustained growth story. You heard that right. In so called year-end musings, Kotak highlighted a changing landscape where savers are transforming into investors, presenting challenges for the banking sector regarding deposits and funding costs. «As savers become investors the banking sector faces challenges on its deposits and cost of funds. The large corporate sector has to meaningfully move to capital markets (debt and equity) and away from banks,» Kotak wrote on a Twitter post. «Banks will become distributors of corporate debt rather than storage houses. They will need to penetrate mid sized corporates, MSMEs and consumers,» he added. He also said that we need to keep Japan of the 80s at the back of our mind.

How the interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is calculated The interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is not fixed. It is linked to the interest rate of the National Savings Scheme (NSC), a small savings scheme offered by the Union government. RBI Floating Rate Savings Bonds will pay 0.35% higher than what NSC offers.

SPIEF says its June 2023 event in St. Petersburg (Russia) witnessed 900 investment agreements worth about $47.6 billion, and 43 agreements between Russian and foreign businesses. Amidst global economic upheavals, SPIEF has been spearheading alliance building/ fostering alliances between Russia and its trade partners, including India.

Sheetal Diamonds preferential issue 2023: Shares of Sheetal Diamonds Ltd are one of the multibagger stocks that Indian stock market has delivered in 2023. The micro-cap stock has risen from around ₹4.61 to ₹61.66 apiece levels in YTd time, delivering around 1,250 per cent return to its shareholders in 2023. However, it seems that the multibagger stock still has some steam left in it.

NPS contributions more accessible, efficient, and flexible. This initiative by PFRDA will empower NPS subscribers to take control of their retirement savings and benefit from the advantages of systematic investment planning. Under this new mechanism, subscribers can utilise the UPI QR Code to transfer their contributions.

Morgan Stanley next week, the three-decade bank veteran's frank manner and steady hand will help him steer the firm through a dealmaking slump. Pick's cool head in difficult situations is an asset, said Tom Glocer, Morgan Stanley's independent lead director since 2017 and former Reuters CEO. "The great sin that gets people into super trouble at banks is the trader's instinct to hold on (to losing positions)...

₹1.12 trillion tax payments retrospectively. However, as the notices await adjudication, the final figure has not yet been determined under the provisions of Central GST Act. Delhi-based lawyer Dhruv Garg, who is a technology law and policy expert, said 2023 and 2024 have been a mixed bag for the industry.

Frozen 2, Disney Animation's highest-grossing film to date, left fans eager for more, and now, an update on Frozen 3 is finally here. Disney CEO Bob Iger's recent announcement of Frozen 4 added an extra layer of excitement to the franchise. Jennifer Lee, the director, teased that the narratives of the next two movies might be intricately linked, suggesting a story too expansive for a single film. In an exclusive interview with The Direct, producer Peter Del Vecho, responsible for the first two Frozen movies and Disney's latest animated feature, Wish, shared insights on the much-anticipated Frozen 3.

vinyl records have undergone an extraordinary revival, achieving their most significant sales surge in over three decades. Official data, not commonly accessed, reveals a striking upswing of nearly 12% in the vinyl market, sustaining an upward trend for the 16th successive year. As the year approached its end, sales skyrocketed, eclipsing a quarter-million vinyl albums sold in the final week before Christmas—a remarkable milestone unrecorded in this format during the 21st century. Eminent in the music sphere, an artist retained her dominance as '1989 (Taylor's Version)' emerged as the year's highest-selling vinyl album. Expanding her impact, the same artist secured two additional spots among the top ten with 'Speak Now (Taylor's Version)' and 'Midnights'.

Delhi court on Thursday extended by one day the Enforcement Directorate custody of three Vivo-India executives in connection with a money laundering probe against the Chinese smartphone-maker and others. Additional Sessions Judge extended the custody of Interim CEO of Vivo-India Hong Xuquan alias Terry, Chief Financial Officer (CFO) Harinder Dahiya and consultant Hemant Munjal on an application moved by the ED. The federal agency had earlier arrested four people — mobile company Lava International's MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik — in the case.

New Delhi, January 1, 2024 - Roadserve, India's leading 24x7 roadside assistance company, has launched an empowering initiative - Lifetime Free Roadside Assistance for women drivers. This pioneering offering aims to address the unique challenges faced by women on the road and provide them with reliable support during breakdowns. Many car drivers have experienced anxiety and frustration following an unexpected breakdown or accident while driving solo when there’s no reliable local assistance.

The U.S. ecommerce company Zulily says it is closing down, surprising customers, after efforts to salvage the business failed

Accepting and rejecting cookies. Most people don’t even know what cookies are when they answer this question 30 or 40 times a day. It would greatly simplify your day if you could set it and forget it or at least be asked for only certain types of sites, such as medical ones.

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Pensions plans made the political headlines in 2023 like seldom before, from Alberta’s threat to pull out of the Canada Pension Plan with more than half of the fund’s assets to Ottawa’s desire, stated in the fall fiscal update, to have the globetrotting trillion-dollar asset managers invest more at home. The Financial Post spoke to Alberta Investment Management Corp. chief executive Evan Siddall about these issues, geopolitics and how AIMCo is evolving its investment strategy for 2024 and beyond. This interview has been edited and condensed for space.

By Lisa Baertlein

In a recent development that’s invigorating the cryptocurrency market, Bitcoin (BTC) has experienced a resurgence, now hovering around the $43,000 mark. This comes after a momentary dip below $42,000, with the digital currency currently trading near $42,300.

A South Korean court has released a media mogul and business executive on bail as a probe into market manipulation and insider trading at the crypto exchange Bithumb continues.

WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Wednesday it has filed a lawsuit against Grand Canyon University for deceptive advertising, illegal telemarketing and misrepresenting the school as a nonprofit.

Mint, Pratap Khedkar, chief executive of ZS, said the company reported sustained growth in contrast to the top IT service providers due to resilient tech spending across the pharmaceutical sector. He also spoke about how global pharma giants are prioritising tech investments to grow revenues, over margin expansion, and the distinction bletween artificial intelligence advanced statistics, and process automation. Edited excerpts: How is the downturn in IT affecting ZS? Most of India’s tech majors operate across nearly 50 industries, while ZS focuses only on healthcare.

basmati rice have fallen due to militant attacks against merchant ships in the Red Sea, leading to 5-10% fall in basmati prices in the domestic market, exporters said. Leading shipping lines' decision to avoid the Suez Canal route amid Houthi attacks has also impacted sunflower oil imports from Russia and Ukraine. Sunflower oil prices in the local market are likely to go up by 3-4% as international prices have increased by $30 per tonne in the last one week to $940 per tonne, trade insiders said.