CEO Financial News

Wipro has initiated legal proceedings against its former CFO, Jatin Dalal, in a civil court in Bengaluru. In response, Dalal has filed an application requesting the court to refer the matter to arbitration. While the specific grounds for the lawsuit remain unclear, arguments from both parties have been presented, and the next hearing is scheduled for January 3, according to a report by Times of India.

Financial Planning: 4 experts share tips on how to plan your finances for 2024 Another channel to dupe new investors for money is to feed them with tips through social media platforms. Many times, investors are sent messages and they are introduced to a free social media handle or channel. Sometimes scamsters claim that these are run by successful traders, which is not the case.

SAO PAULO (Reuters) — Brazilian insurer BB Seguridade said on Tuesday its CEO Ullisses Assis has resigned from his position and its controlling shareholder, Banco do Brasil, has nominated one of its executives to replace him.

This past year was a pivotal one in terms of the crypto industry’s relationship with regulators and financial markets. U.S. authorities cracked down on major players and financial titans threw their hats in the ring as mainstream finance took steps to accept, if not embrace, crypto.

Tether has minted $1 billion USDT for an “inventory replenish,” according to CEO Paolo Ardoino.

In an ever-evolving investment landscape, it is not advisable to sit ideal and wait for your investment to grow on their own. You must keep adjusting and accommodate new strategies to ensure your investment grows as expected and you are able to achieve your financial goals.

The unsettling narratives of individuals falling victim to AI-based deepfake scams, such as a Kerala man losing ₹40,000, a woman losing Rs 1.4 lakh to an AI voice scam, and a man being duped out of over Rs 5 crore by a scammer employing AI face-swapping technology, are just a glimpse into the broader challenge. In India, financial entities find themselves contending with an emerging and chilling risk – the proliferation of deepfakes.

Mumbai, Pune and Hyderabad will be the driving forces in the Indian residential real estate sector’s anticipated continued growth in 2024, according to Housing.com. Its latest report highlights these cities as the epicentres of intensified market activity, poised to significantly shape the sector’s narrative in the upcoming months.

The Indian real estate market is currently in its best shape since 2014, with healthier developer balance sheets and shorter property sale cycles. While caution is advised to prevent excessive price increase, the next couple of months show promising signs of increase in residential demand and supply, says Sudhir Pai, CEO, Magicbricks.

Hartek Power Private Limited, the Power system and T&D Business unit of Hartek Group, announced the successful acquisition of a significant contract from SPRNG Energy (100% owned by Shell) for the establishment of a 33kV/400kV Pooling Substation. This substation will play a crucial role in supporting a 300 MW Solar Power Plant at Ramsan Village, Taluka Deesa, District Banaskantha, Gujarat. «The contract with an order value of approximately 320 Million INR underscores Hartek groups prowess in providing innovative and sustainable solutions for the energy sector.

Nalin Negi, CFO and Interim CEO, BharatPe, said, “We are thrilled to announce yet another year of exceptional performance at BharatPe. The significant growth across our business verticals, coupled with improved financial metrics, underscores our commitment to creating value for our merchants and stakeholders. These results are a testament to the hard work and dedication of our team, as well as the trust and support of our valued customers."Added Nalin, “Going forward, our strategic focus is on sustained profitability, scaling lending, POS, and soundbox businesses, and launching new merchant-centric products.

Pharmaceutical giant Bristol-Myers Squibb (NYSE:BMY) announced Tuesday that it is acquiring RayzeBio (RYZB) for $4.1 billion, strengthening its oncology portfolio with promising radiopharmaceutical therapeutics (RPTs).

By Steven Scheer

epilepsy is no longer having seizures. Earlier, Angus Bain endured seizure attacks at least once a week for most of his life. Doctors have expressed hope that he will be free of the debilitating condition after he became one of the first patients in the UK to have the new laser surgery. In the trailblazing surgery, the doctors have removed the brain tissue that causes seizures. For the first time in 13 years, Angus has not had a single incident in ten weeks.

Ahmedabad (Gujarat) [India], December 8: NEPRA Resource Management Pvt Ltd, India's leading Sustainability Solutions Company, proudly announces its remarkable success at three prestigious award ceremonies, recognizing the organization's outstanding contributions to sustainable waste management practices. NEPRA's commitment to environmental responsibility and innovative waste management solutions has garnered accolades at the Confederation of Indian Industry (CII) 3R Awards 2023 and the 7th ISC-FICCI India Sanitation Conclave 2023.

Also Read: Sebi pitches instant equity settlements Analysts believe that the regulator’s plan may free up the margins and boost liquidity in the markets, but will impact the business models of stock brokers who rely on interest income from client funds. “The shift to instantaneous settlement is a substantial milestone, streamlining operations and cutting down on risk.

Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund underscores the growing might of domestic investors. He highlights that retail investor behaviour during periods of volatility will be a challenge that could crop up in 2024 and needs to be appropriately addressed. In an interview with Mint, Subramaniam shared his views on the domestic market, economy and the upcoming Budget. Edited excerpts: The year has been a great one for the markets as domestic flows, especially the SIP (systematic investment plans) book, have been strong and giving buying support whenever FPIs (foreign portfolio investors) flows have slackened.

₹200 crore issued by Muthoot Fincorp, according to news agency PTI. The flagship company of 136-year-old Muthoot Pappachan Group on Tuesday said the debt issue has a five-year maturity with half-yearly being the frequency of the interest payment.

Savills India. Bengaluru, Delhi-NCR and Mumbai are the top 3 performing cities and contributed to nearly 60% of the gross leasing activity in 2023. “Indian office market has seen an all-time high leasing in 2023, reversing the tides of subdued demand till six months ago. Mumbai and Chennai hit their peaks, as the second half of 2023 recovered strongly compared to the trailing 12 months (June 2022-June 2023). The renewed confidence of the markets bodes well for the industry as well for the economy, especially as we tread into a year of major democratic elections, in India as well as the US” said Anurag Mathur, CEO, Savills India. Mumbai saw record leasing activity at 10.1 mn sq.

Paytm, the fintech giant's CEO, Vijay Shekhar Sharma, has revealed a comprehensive plan for the year 2024, focusing on major Artificial Intelligence (AI) upgrades. The company, aiming to boost efficiency, reduce costs, and accelerate product development, is placing significant emphasis on AI integration. In a candid post on social media platform X, Sharma shared his insights on Paytm's evolving landscape, stating, «Making my to-do list for 2024. What would you like to change/upgrade in the Paytm app?» He highlighted the revamp of the Paytm app's Home Screen and the segregation of offerings from Paytm Payments Bank and other group entities, aiming for a «cleaner view.» This move is part of Paytm's broader strategy to enhance user experience through personalised AI-driven features. Sharma emphasised the importance of AI in customer care operations and disclosed ongoing efforts to tailor user experiences using AI tools from Microsoft and Google. The announcement triggered responses from the community, with product director Anurag Verma from Makemytrip sharing valuable suggestions.

Sunil Bohra, Group CFO & CEO, UNO Minda, says “we are expecting to build a land bank in each of the auto regions. We already bought around 86 acres of land in Pune, in Maharashtra, we are working to acquire land in Gujarat, in Haryana and also in Tamil Nadu. So overall, in addition to Rs 700-800 crore of capex, we might be spending somewhere around Rs 500 to 600 crore on land in next six to nine months.” Let us talk about the new plant that you are putting up because it is an entry into seat recliners for four-wheelers and the passenger vehicle space. What about the new products that you will start manufacturing there? What is the revenue potential that you foresee? Sunil Bohra: So, the new plant, which we have just commissioned in Gujarat, is for a mechanism for seat recliners, not even the full recliners. When we entered into a JV with Tachi-S, which is the global major in seating, PV seating, our endeavour was to move into seating business step by step. We already are present in the seating business through Harita seating, which we acquired two years back. We are already in two-wheeler seating, CV seating, off-road seating, but we are not in a big way in PV seating. So, that was the background for the joint venture with Tachi-S.