CEO Financial News

Vedanta A Board meeting of Vedanta is scheduled on December 19 to consider issuance of non-convertible debentures (NCDs) on a private placement basis. BHEL BHEL and CMTI have signed a memorandum of understanding (MoU) for collaboration on technology development in the areas of Hydrogen value chain and IIoT solutions for predictive maintenance of machines and manufacturing processes. Hero MotoCorp The company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO).

trading at new lifetime highs, wealth managers are seeing enquiries from investors on how they should approach the markets. And most out there give the same advice: stick to long-term goals and maintain asset allocation — which means diversifying portfolios across different assets such as equity, fixed income, and gold. «Asset allocation determines as much as 90% of the long-term returns of an investor's portfolio,» said Misbah Baxamusa, CEO of NJ Wealth. Maintaining asset allocation is a continuous process and should be carried out whenever there is a sharp rise in one of the asset classes, he added. Over the last year, the Nifty 50 moved up by 13.64%, while the Nifty Midcap 150 rose 35.91% and the Nifty Smallcap 250 rose 39.03%.

Unilever Plc is in advanced talks to sell Elida Beauty, a division that includes non-core beauty and personal care brands such as Q-Tips and Impulse, to private equity firm Yellow Wood Partners, people familiar with the matter said on Thursday. Elida's brands also include Caress, TIGI, Timotei, Monsavon, St. Ives, Zwitsal, Ponds, Brut, Moussel, Alberto Balsam and Matey.

InvestmentNews is proud to honor the top movers and shakers in wealth management in this year’s inaugural Hot List.

Osaic Inc., formerly Advisor Group, said Thursday it had reached an agreement to acquire Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corp. the wealth management firms that make up “Lincoln Wealth,” from the insurer Lincoln National Corp.

By James Oliphant and Alexandra Ulmer

Kristen Stewart will be honored with the Visionary Award at the 2024 Sundance Film Festival at its opening night gala January 18. Stewart is receiving the award as a recognition of her «work as an uncompromising artist and contributions to the field of independent film.»

In a discussion moderated by Sruthijith KK, the ET CEO Roundtable panellists were not too worried about external headwinds, except for supply chain issues and commodity prices. They were of the view that with its entrepreneurial spirit and a young generation unafraid to take risks, India can forge ahead with the right kind of education and use of technology. What is the one aspect of global turmoil that is impacting your business? And what is one aspect of what India can do to thrive under the circumstances? Kunal Shah: Our industry is kind of limited to the startup ecosystem. The investors are telling us an interesting story —that in our markets, there seems to be this complete distress and we should not be acting.

General Motors’ troubled Cruise autonomous vehicle unit is cutting over 900 jobs as it moves to reduce costs and remake itself after a series of safety problems in San Francisco

Taurus, a Swiss crypto custody firm supported by Deutsche Bank, has entered into a partnership with Teylor, a fintech lending platform based in Zurich and specializing in the German SME marketplace.

The Commodity Futures Trading Commission has voted on a proposal to introduce a rule aimed at enhancing safeguards for individuals engaging in trades through a derivatives clearing organization.

At its ‘AI Everywhere’ event in New York today, Intel (NASDAQ:INTC) unveiled a comprehensive portfolio of AI products.

Canada’s housing market cooled further in November as sellers joined buyers on the sidelines, hoping for activity to heat back up in the spring, according to the national real estate association.

Less than a month after Edelman Financial Engines acquired PRW Wealth Management, it’s adding another firm to its arsenal.

The 28th Conference of Parties concluded Wednesday with a historic agreement to move away from fossil fuels – but what that means for sustainable investing is unclear at best.

Sage Advisory Services, a $23 billion investment manager based in Austin, Texas, has secured an injection of capital to assist its continued exponential growth.

Danish fintech firm Pleo has appointed a new chief financial officer, the company told CNBC exclusively, beefing up its executive team — a sign the company is readying itself for an eventual initial public offering.

DoubleLine Capital CEO Jeffrey Gundlach said Wednesday the 10-year Treasury yield will continue to fall to the 3% range next year, following the Federal Reserve's new forecast for rate cuts.

Adesh Kumar Gupta has decided to quit as the non-executive, non-independent director of entertainment giant Zee Entertainment Enterprises Limited (ZEEL) ahead of the company's annual general meeting (AGM) on December 16. In a stock market filing, the company said it had received a letter from Gupta informing it of his intention not to continue as a director of the company after the AGM. ZEEL added that Gupta will cease to be a member of the Audit Committee and the chairman of the Risk Management Committee and Stakeholders Relationship Committee of the board after the AGM. Gupta was appointed as a non-executive director at the AGM held in 2022 and is liable to retire by rotation. ? «I have communicated from time to time that owing to personal reasons and commitment, I regret that I will not be able to continue as the director of the company after the ensuing Annual general Meeting (AGM),» Gupta said in a letter to the ZEEL board. ZEEL's FY23 annual report states that one of the ordinary businesses that will be transacted at the AGM is to appoint a director in place of Gupta, who retires by rotation and, being eligible, offers himself for re-appointment. «Accordingly, I withdraw my re-appointment as director of the company at the AGM,» Gupta said, adding, «I wish a great success to the company and hope the pending merger with Sony will be completed at earliest.

Bank of Nova Scotia plans to add hundreds of financial advisers to boost sales of mutual funds and investment products, part of a sweeping overhaul by the new management team to improve shareholder returns.

If domestic manufacturers and suppliers keep pushing their prices up on food and several household goods, Dollarama Inc.’s chief executive says retailers will have no choice but to pass the increases on to customers.