CEO Financial News

Paycraft has partnered with NSDL Payments Bank and the National Payments Corporation of India (NPCI) for the launch of One Nation Corporate Card. This card serves as an employee tax benefit instrument and also comes with a corporate expense management platform for the employer to manage their expenses digitally. The card is built on an indigenously developed multi-wallet platform with transit issuance and processing capability.

Zee Entertainment Enterprises lost nearly 5 percent in intraday trading on Tuesday following a report by Mint indicating that Sony Pictures is unlikely to extend the timeline for the $10 billion merger of its India Business with Zee. The development puts the country's largest-ever entertainment deal on the brink of collapse after enduring months of discussions, particularly concerning the appointment of a CEO for the combined entity. The uncertainty surrounding the merger's fate has added to the ongoing challenges and debates within the companies involved.

The Globe and Mail first published those allegations, which stemmed from a resignation letter from Dr. Braden Manns, who was an interim VP at AHS.In the letter verified by Global News, Manns said he was resigning because the premier “was reaching down four levels into AHS” to instruct that Hinshaw’s contract be pulled.“Well, I can tell you that I put Dr.

Federal drug officials are warning Georgia to shelve its plans to be the first state to allow pharmacies to dispense medical marijuana

Southwest Airlines is paying $140 million to settle a government investigation over a meltdown last holiday season that led to thousands of canceled flights

Today, the industry comprises only 4 crore unique investors who have around 15 crore folios. MF AUM as a percent of GDP stands currently at 14%. In comparison, countries like China (23%), South Africa (45%) and Brazil (72%) are significantly ahead. Developed markets like the US, France and Australia stand north of 100% on this metric. Clearly more than 4 crore people in India can invest in mutual funds. Over 50 crore people have an OTT subscription, over 25 crore ordered food online last year and over 20 crore have shopped online. I would argue that all these people can certainly start a Rs 500 monthly SIP in mutual funds. At a very conservative estimate, at least 20 crore people in India can be mutual fund investors. Affordability is not the issue. So why are more people not investing in one of the most transparent, well-regulated investment opportunities in the country? I am certain that everyone who is ordering food online is aware of mutual funds and can invest, but for some reason many do not take the next step of considering it as an investment avenue. Why?

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion

The longtime president of the William and Flora Hewlett Foundation, Larry Kramer, will step down from his role at the end of 2023

Sony Pictures Networks India (SPNI) has said that it has not yet agreed to extend the deadline to complete the merger deal with Zee Entertainment Enterprises Limited (ZEEL). In a statement, the company said it looks forward to hearing ZEE’s proposals and how they plan to complete the remaining critical closing conditions. “ZEE’s notice to the Bombay Stock Exchange and the National Stock Exchange of India dated December 17 is an acknowledgement that they will not be able to meet the December 21, 2023 deadline to close the SPNI/ZEE merger," the SPNI statement reads. It added that the notice triggers an existing contractual provision in the deal that allows for both parties to discuss the possibility of extending the deadline. «SPNI is required to start those conversations but has not yet agreed to a deadline extension.

Sebastian Siemiatkowski is a co-founder and CEO of Klarna, the Sweden-based company that’s one of the world’s biggest providers of buy now, pay later services to customers

The founder of Nikola Corp. has been sentenced to four years in prison for his conviction for exaggerating claims about his company's production of zero-emission 18-wheel trucks

Jaideep Hansraj, MD & CEO, Kotak Securities, says “just stick to what you think your asset allocation should be because ultimately I agree with the fact that it is stocks which make money, it is sectors which make money. But ultimately, equity as an asset class is giving you the returns and it does not matter whether you buy X bank versus Y bank. Yes, I agree with the fact that some of the banks or some of the stocks have not done as well as the other but ultimately it will even out in the long run.” I remember when we spoke, Sensex was at 3000, now Sensex is at 70,000. That is true. We were discussing the importance of FIIs. Everybody is now saying, kahan jaige FII, ab nahi toh kabhi nahi. (Where will FIIs go? If not now, when?) Is there merit in assuming that in the next six months, there would be FOMO, there would be desperation and what we have seen in December is just the trailer of what flows will come in next year? See, I personally believe that FII flows will have an uptick going forward and my reasons are coming from the fact that a combination of how the US interest rates behave and how the dollar index behaves and how crude oil behaves.

By Scott Murdoch and Melanie Burton

Binance and its former CEO, Changpeng Zhao, approving billions of dollars in fines for money laundering following a case brought by the U.S. Commodity Futures Trading Commission, the agency said on Monday. Zhao will pay $150 million and Binance will pay $2.7 billion to the CFTC, the agency said in a statement.

The move comes after an order in October from the US International Trade Commission (ITC) that could bar Apple from importing its Apple Watches after finding the devices violate medical technology company Masimo's patent rights.

CK Venkataraman, managing director of Titan Co. Ltd, as Business Leader of the Year at The Economic Times Awards for Corporate Excellence 2023, recognising his contribution to keeping the nearly 40-year-old company young and buzzing. The State Bank of India, the country’s largest lender, bagged the coveted Company of the Year award in a unanimous vote for its spectacular turnaround from heavy losses a few years ago.

Zee Entertainment Enterprises Ltd. This brings the country’s largest-ever entertainment deal to the brink of collapse after months of debate over the appointment of a chief executive officer (CEO) for the merged entity. Two persons aware of Sony’s plans confirmed this on condition of anonymity.

Nithin Kamath, chief executive officer of one of India’s largest stockbrokers, Zerodha, last week posted a deepfake video of himself to highlight the potential impact of such technology in the financial services world. “As the deepfakes improve, I think it will only become harder over time to validate if the person on the other side (of a video) is real or AI-generated. This problem will be bigger for banks that have more stringent regulatory requirements during onboarding,” wrote Kamath on microblogging site X (previously Twitter).

global CEO of luxury brand Chanel, has several significant firsts to her credit. At Unilever, Nair, 54, was the first woman to lead global human resources. And then, Chanel appointed her as its first global CEO of Indian origin. She was a fashion industry outsider when picked by the French fashion house to lead it in 2022. “I am humbled and delighted to receive this prestigious award. India has shaped my values; it is where I grew up, where I completed my education, and where I spent 40 years of my life, including two decades of my professional career,” she told ET after being chosen for the Global Indian Award. “This award is a recognition of Chanel, an iconic and admired luxury brand, and our teams across the world. We believe in the freedom of creation, encouraging human potential and acting to have a positive impact in the world.”

NEW DELHI : Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, on Monday announced a complete integration of the acquired Vitaris’ biosimilars business in 120 countries, a year ahead of schedule. The firm had acquired the American pharmaceutical company’s biosimilars business in November 2022.

SAO PAULO (Reuters) — The new CEO of Brazilian lender Bradesco, Marcelo Noronha, sees an open window for public offerings in the country next year, he said on Monday, mentioning falling interest rates in the United States and stronger growth in Brazil.