CEO Financial News

By Muvija M and Chavi Mehta

equity mutual funds fell to ₹15,536 crore in the month of November from ₹19,957 crore in October, revealed the AMFI (Association of Mutual Funds in India) data for the month of November. The number of systematic investment plans (SIPs) exceeded ₹17,000 crore for the first time. The SIP book for the month reached ₹17,073 crore, surpassing the October figure of ₹16,928 crore, shows AMFI data.

The CEO of chipmaker Nvidia views Malaysia as a potential hub for artificial intelligence “manufacturing.”

At the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting on December 08, 2023, the RBI Governor Shaktikanta Das announced the MPC’s decision to maintain the repo rate at 6.5 per cent. After a three-day bi-monthly meeting, the committee emphasized its dedication to maintaining its existing policy stance. It was evident from the announcement that the RBI has no intent to withdraw its accommodation stance regarding its decision on repo rates. 

Meta is rolling out end-to-end encryption for calls and messages across its Facebook and Messenger platforms, the company announced Thursday

Axis Mutual Fund announced the launch of the 'Axis US Treasury Dynamic Bond ETF Fund of Fund'. Benchmarked against the Bloomberg US Intermediate Treasury TRI, the primary investment objective of the scheme is to provide regular income by investing in units of overseas ETFs where the investment mandate is to invest in US treasury securities across duration. The fund will be managed by Vinayak Jayanath. The new fund offer (NFO) is set to open for subscription on December 12, and will close on December 19. The scheme will predominantly follow an active investment strategy for investments in the overseas mutual funds. The fund is designed to dynamically adjust to market fluctuations, aiming to capitalize on the expected yields and minimize risks. This fund has the potential to be an ideal addition for those looking to diversify their portfolio for international exposure. This dynamic management approach allows the fund to adapt to changing macroeconomic conditions, targeting both capital appreciation and income generation opportunities.

Netflix to obtain the official rights for producing merchandise for the movie 'The Archies'. The movie was released on Netflix on December 7th. UNIREC's merchandise will be crafted using sustainable fabrics, and initiative and the company has also pledged to plant a tree for every garment sold.

RBI has been holding rates since February. Here 11 mutual fund managers explain the policy for investors. Mahendra Jajoo, CIO Fixed Income, Mirae Asset MF In line with market consensus, MPC conveyed a balanced approach with keeping key policy rates as well as stance unchanged considering ebbing inflationary pressures globally but still emphasising on the need for policy to be actively disinflationary. The pleasant surprise was a significant revision upwards in FY24 growth projections by 50 bps to 7%. Inflation projection for FY 24 remains unchanged at 5.4% but that for Q2FY25 is projected at 4%. Market will feel somewhat relieved on the suggestion that with liquidity turning in deficit on its own accord, OMO operations may not be needed in the immediate term.

rival brand when you are an airline CEO? It’s just another day of boarding the flight for AirAsia CEO Tony Fernandes. Taking to Instagram, the entrepreneur revealed that he was unable to book a seat in AirAsia, and so opted to fly with Singapore Airlines flight. Sharing a picture of his seat inside the plane, Fernandes wrote, “No seat on @flyairasia for three flights so had to take @singaporeair.

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% in its December Monetary policy which is also its last for 2023. While retaining its stance of withdrawal of accommodation, the Central Bank's decision to leave rates unchanged was unanimously voted by the 6-member MPC panel, while the need to retain the stance was voted by 5 out of 6 members. While the policy was pretty much in line with the Street's expectations, here is how experts reacted to Governor Shaktikanta's monetary policy speech: Santosh Meena, Head of Research, Swastika Investmart In response to RBI policy decision and Das' confidence in economic growth, our market continues its bullish momentum, with the Nifty reaching a significant milestone of 21,000.

RBI) kept the repo rate unchanged at 6.5 percent as expected and raised the FY24 GDP forecast to 7 percent from 6.5 percent earlier. However, it retained the FY24 CPI inflation forecast at 5.4 percent. The Monetary Policy Committee (MPC) of the central bank also retained its stance of remaining focused on “withdrawal of accommodation." Seconds before the announcement of the RBI’s policy actions, the Nifty 50 scaled the 21,000-mark for the first time.

Within a recent post on social media, Richard Teng, who was recently hired as the CEO of Binance, provided reassurance to stakeholders over the exchange's commitment to maintaining its key principles. His message, which comes after a turbulent era for the corporation, is a promise of stability and a focus on the user from the company's perspective. Given the recent legal problems that have involved his predecessor, Changpeng Zhao, this promise is especially noteworthy in light of those specific occurrences.

The recent events surrounding Atomicals Market (AM) have been a significant concern for the Atomicals community, especially following a severe security breach in two of its trading markets. This breach led to hacker attacks and considerable losses for users, stirring up discussions and demands for action within the community. Shep.eth, an early participant and active community member, took the initiative to address these issues directly with the AM team.

When employees at fashion giant Shein crowded into an elevator in the company’s Guangzhou office at the end of one workday this summer, no one took notice of Sky Xu. The quiet man in the corner was one of the wealthiest people in China, the driving force behind an app that has quickly become one of the top shopping destinations in the world—and the boss of everyone riding the elevator. With Xu that day was Frances Townsend, a senior adviser to Shein.

A federal judge in Seattle has ruled that Changpeng Zhao, the founder and former CEO of Binance, must remain in the United States while awaiting sentencing on money laundering charges.

The Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) meeting on December 6, 2023. The committee’s verdict on the crucial policy rates is eagerly awaited and is scheduled to be disclosed on December 8, 2023.

Nvidia is in advanced talks with Malaysian power-to-property conglomerate YTL on a data centre deal, three sources familiar with the matter said. The potential tie-up would include collaborating on cloud infrastructure, and is likely to be anchored at YTL's data centre complex in the southern Malaysian state of Johor, bordering Singapore, one of the people said.

Bitcoin is here to stay whether big banking executives like Jamie Dimon like it or not, according to Grayscale CEO Michael Sonnhenshein.

Archies, released on Netflix. Besides, the musical thriller Chamak, Manoj Bajpayee‘s intense drama Joram, and Timothée Chalamet’s Wonka are other exciting OTT releases that have been released this week. Theatrical releases score over web originals on OTT The movie revolves around Archie Andrews and his group of friends who try to save a park in Riverdale.

Tata Motors is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla's plans to enter the market, people with direct knowledge said. As India tries to boost domestic manufacturing and electric vehicle (EV) adoption, Tesla is proposing to set up an Indian factory but is demanding lower import taxes for electric cars.

Israel-Hamas War Day 63: Joe Biden holds talks with PM Netanyahu It was a solemn moment for all of Israel and not only for families of the 138 Israelis still held hostage. For some Israelis, the feeling is of a country shrinking. Some 200,000 Israelis have been uprooted from both the south of Israel where Hamas infiltrated and the north of Israel where Hezbollah attacked from Lebanon.