CEO Financial News

Asiatic black bear cub was successfully rehabilitated and released back into the wild by the Department of Environment and Forest Arunachal Pradesh, Wildlife Trust of India (WTI) and the International Fund for Animal Welfare (IFAW). The bear was radio-collared and released in Pakke Wildlife Sanctuary and Tiger Reserve. A male Asiatic black bear cub was rescued by the Sagalee Social Forestry Department earlier this year and despite attempts to find its mother, she could not be located. As the cub was too young to survive on its own in the wild, it was admitted to the Centre for Bear Rehabilitation and Conservation (CBRC) in Pakke for nursing and care. Jointly run by the Wildlife Trust of India (WTI), the International Fund for Animal Welfare (IFAW) and the Department of Environment and Forest Arunachal Pradesh, CBRC is the only facility in India, dedicated to hand-raising and rehabilitating bear cubs. After months of care and specialized rehabilitation provided by the dedicated team of veterinarians and keepers at the centre, the cub underwent a soft-release procedure.

On Tuesday, it was announced that Deutsche Lufthansa (DLAKY) will buy up to 100 737 MAX jets, representing its first Boeing (NYSE:BA) single-aisle order in nearly 30 years.

Halfway through Jamie Dimon’s special incentive to stay five more years atop JPMorgan Chase & Co., insiders are predicting more senior leadership changes to help potential successors gather experience.

The expansion of the SEC’s Rule 35d-1, the “Names Rule,” to include ESG terms has led to the launch of a new tool to help asset managers and financial advisors assess compliance.

Savvy Advisors has hired an experienced industry professional who led a $425 million team at Empower as its newest principal wealth manager.

Premier League (IPL) as the most expensive player in history. Kolkata Knight Riders secured his services with a whopping bid of Rs 24.75 crore in Tuesday's players' auction. Starc surpassed the previous record held briefly by Australia captain Pat Cummins, who was bought by Sunrisers Hyderabad for Rs 20.50 crore.

₹20.50 crore at the Indian Premier League (IPL) 2024 mini-auction on Tuesday, December 19. Follow IPL Auction 2024 Live Updates here Pictures of Maran went viral social on Tuesday as social media users took notice of "a big smile on her face" after SunRisers Hyderabad bought Sri Lankan leg-spinner Wanindu Hasaranga at the base price of ₹1.5 crore. She is a well-known name in the IPL and has, time and again, grabbed attention during the matches.

By John Revill and Noele Illien

Grayscale CEO Michael Sonnenshein believes the Securities and Exchange Commission (SEC) needs to approve spot Bitcoin (BTC) exchange-traded funds (ETFs) simultaneously. 

Bitcoin (BTC) witnessed a notable increase of over 5% , reaching $43,100 on Tuesday, amidst pivotal developments in the cryptocurrency landscape.

Nila Spaces on Tuesday said it has launched an accelerator programme called ‘VisionX Program’ for proptech startups and committed $1 million to it. The programme will be managed by Awfficacy Capital, a management consultancy firm, as per a statement from the Nila Spaces. VisionX is a 12-week rolling accelerator programme.

Jubilant FoodWorks, master franchisee of Domino's Pizza and Dunkin' Donuts, on Tuesday announced the appointment of Suman Hegde as the Executive Vice President and Chief Financial Officer of the company. The board of JFL, in its meeting held on Tuesday, approved the appointment of Hedge, who is presently working with the leading FMCG maker Hindustan Unilever as Vice President of Finance – Beauty, Wellbeing & Personal Care, South Asia. Hedge's appointment is effective from March 1, 2024, said a statement from JFL, which is also a master franchisee of leading QSR brands such as Fried Chicken brand Popeyes and Hong's Kitchen. Commenting on the development, JFL CEO & MD Sameer Khetarpal said: «As a leader, she brings high-quality experience in customer-first thinking, ability to partner with businesses and lead high-performing teams. The appointment is in line with the company's strategic priority of building a solid yet diverse foundation of people and culture.» Hedge has over 20 years of experience and held leadership positions in the finance function. She is a Chartered Accountant and MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai. In India, JFL operates a network of 1,888 Domino's stores across 397 cities.

Zee Entertainment Enterprises (ZEEL) fell nearly 5% to the day's low of Rs 267.15 on NSE on Tuesday after Sony Pictures Networks India (SPNI) said that it has not yet agreed to a deadline extension requested by ZEEL for their merger, and is looking forward to knowing how the latter planned to complete the remaining critical closing conditions. The news did not go down well with the investors as significant selling pressure was seen on the counter. At 1:50 pm, over 2.59 crore shares changed hands on the NSE.

By Svea Herbst-Bayliss

NeSL, incorporating their expertise in e-Stamping and e-Sign. This integration eliminates the traditional physical signing and stamping processes, seamlessly transitioning into a secure and efficient digital format.

By Anton Bridge and Makiko Yamazaki

BNB and Solana. The global cryptocurrency market cap also rallied nearly 3.6% to around $1.61 trillion in the last 24 hours. At 12.19 p.m., BTC was trading 4.2% higher at $42,912, while Ethereum was up 3.02% at $2,241. Other popular altcoin, such as Solana and Cardano, surged 8.2% and 6.4%, respectively. BNB, Avalanche, Polkadot, Chainlink, and Shiba Inu also gained 2-4%. After trading in the red for the first time in 9 weeks, BTC started the 10th week hitting early $40k support levels but bounced soon to test $43.5k. At the same time, BTC has been able to maintain its dominance at 53.5% for the past few days, which is a positive sign for its price action, said CoinSwitch Markets Desk.

Karan Taurani, Senior VP, Elara Securities, says “we believe that over the next two days, we will get clarity in terms of where that is heading. Otherwise, if the extension is sought for, the extension could be for three to four months and that would primarily be for the regulatory approvals which is from the MIB side, maybe a fresh approval with the ROC side for the new CEO, some kind of shareholder approval for the new CEO. It will not require any big regulatory hurdle in terms of a fresh NCLT approval because NCLT approval is not time-bound. Let us just get in a view because there has been so much flip-flop. Just last week, there was a request by Zee Entertainment to extend that deadline. What exactly is the implication of Sony Pictures saying that this triggers an existing contractual provision in the deal? This does not mean that by any means it is being called off? Yes, absolutely. Zee sought an extension on the deal and Sony has failed to agree on the same. This is one thing that the likelihood of the deal getting called off remains to be low primarily because of this reason. Because if the deal was to be called off, this kind of extension would not have been sought. Now, what we believe is that negotiations are ongoing between both the parties and we believe that Mr Punit Goenka wanting to be the CEO could be a potential roadblock here in terms of the merger going through, in terms of Sony wanting or not wanting an extension.

Home loan buyers have borne the burden of expensive home loans either in the form of higher interest rates or extensions. For the last two years, home loans have become more expensive for new entrants and also for existing borrowers.

sugarcane to produce ethanol could increase the closing stocks of sugar from the multi-year low of the previous season, leading to some moderation in the soaring sugar prices, say experts and industry stakeholders. Industry observers say as the government has a focus on the ethanol blending programme, more relaxation is likely if sugar surplus is in line with the estimates after the crushing season ends in the first quarter of FY25. Khushbu Lakhotia, Director, India Ratings & Research, says: “While the government has now allowed ethanol production through both cane juice and B- heavy (a category based on sucrose content) molasses, the sugar diversion has been capped at 1.7 million tonnes (MT), which is around 60% lower than the last season and similar to the diversion without cane juice under the order passed on December 7. Even under the revised order, India’s sugar production could increase by 2-2.5 MT to around 31 MT.

hiring numbers in calendar year 2024 compared to the previous year, with manufacturing, automotive and BFSI leading hiring. According to the Taggd India Decoding Jobs 2024 report released on Tuesday, 60% companies plan to hire for hybrid roles in 2024 compared to 56% in 2023. Devashish Sharma, CEO of digital recruitment platform Taggd said, “Positive trends in hiring, especially in sectors like automotive, manufacturing, and BFSI, indicate a dynamic recovery.