CEO Financial News

A growing market has helped DPL Financial Partners accelerate its sales of commission-free annuities to surpass $2 billion.

Full-service independent wealth manager DFPG Investments has launched the Diversify Advisor Network to offer expanded affiliation options to advisors who want to grow their independent practice.

The industry is proposing a three-tier regulatory mechanism, where SRBs are brought under an oversight committee formed by the government, Dream11 cofounder and CEO Harsh Jain and Games24x7 cofounder and CEO Trivikraman Thampy told ET on Tuesday, on the sidelines of the Indian Gaming Convention here.

₹510.40 on NSE on Monday’s trading session after the company informed the completion of the acquisition of Sanghi Industries Limited (SIL) on December 5, in an exchange filing to Indian bourses. Meanwhile, the share price of Sanghi Industries hit 5% upper circuit, traded at ₹129.90 per share on Monday. ACL has secured a commanding 54.51% stake in SIL, emphasizing its dedication to harnessing operational synergies from this acquisition.

National Payments Corporation of India (NPCI), has successfully integrated SBI Card, one of India’s leading credit card issuers, into the credit card category of Bharat BillPay. This integration marks a significant advancement, streamlining the credit card bill payment process for millions of customers. Noteworthy credit card issuers already present in this category include Kotak Mahindra Bank, BoB Financial, Federal Bank, AU Small Finance Bank, IndusInd Bank, and Canara Bank.

Aditya Birla Sun Life Insurance Company Limited (ABSLI), the life insurance arm of Aditya Birla Capital, has introduced the “ABSLI Salaried Term Plan". This tailored and cost-effective protection solution is specifically designed for salaried professionals. The plan, categorised as non-linked, non-participating, life individual, pure risk, and a premium plan, empowers salaried individuals to customise their protection plans based on their unique needs.

By Kate Abnett, William James and Valerie Volcovici

CVS Health (NYSE:CVS) has forecasted revenue for 2024 to be at least $366 billion, which exceeds the current Street estimate of $345.5 billion.

Crypto analyst Bluntz is bullish on the future of the Solana (SOL) crypto. The trader references numerous technical analysis theories related to the current market structure, including the Elliott Waves, the support, and the resistance. Blunz projects that Solana is gearing up, describing a solid move in the asset's overarching trend direction following a correction.

Motilal Oswal AMC, said, “In the last 2-3 years, we've witnessed a remarkable surge in small-cap fund flows, and this trend indicates a structural shift in investor preferences. Small caps, with their agility and growth potential, have become a focal point for discerning investors looking beyond conventional avenues.

Global South needs to adopt digital public infrastructure to technologically leapfrog and achieve sustainable development goals (SDGs), India's G20 Sherpa Amitabh Kant said on Tuesday. Addressing an event organised by Carnegie India, Kant said now the world will grow on the back of digital public infrastructure. He said if the the world has to grow equitably then the global south is important because 4 billion people still do not have digital identity, 1.3 billion people do not have a bank account, while 133 countries in the world do not have fast payments.

Vested on Tuesday said it is expanding its alternative investment portfolio by offering of Peer-to-Peer (P2P) lending via Vested Edge, and INR (Indian Rupee) bonds and solar projects via Vested Solar. With its solar offering, Vested is looking to give individuals the opportunity to earn while helping India transition to clean energy, a company statement said. Through Vested Solar, investors can own solar panels in rooftop projects and earn 10-13 per cent rate of return from the electricity generated over the panel's lifetime.

₹76,054 crore during the second quarter of FY 2024, industry data showed. Last year, ₹71.916 crore of loans were disbursed in the same period. In terms of volume, a total of 1.69 crore were disbursed during Q2 FY2023-24, as against ₹1.81 crore loans in Q2 FY 2022-2023, as per the latest data by Microfinance Institutions of India (MFIN).

BNB (0.8%), Avalanche (2%), and Polkadot (0.1%) were trading in the green, while Ethereum (-0.45%), XRP (-1.8%), Solana (-6.9%), Cardano (-0.6%), Polygon (-3.2%) and Dogecoin (-0.3%) were trading in the red. However, the global cryptocurrency market cap surged by 0.44% to around $1.55 trillion in the last 24 hours. At 11.30 a.m., BTC was trading 1% higher at $41,900. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $819 billion. «Speculation around an impending approval of Bitcoin spot ETF has fueled the asset into a 19-month high near $42,000. While BTC encounters strong resistance at this level, once breached, there is a clear path to $48,000 in the upcoming weeks,» said Vikram Subburaj, CEO of Giottus Crypto Platform.

Weikfield Foods, which released a campaign last month with a lie detector test to testify the healthier ingredients in its pasta, will explore similar options to communicate about its other brands as well, the company’s chief executive officer D.S. Sachdeva, told ET in an interview.

SoftBank Corp will invest roughly 473 million euros ($514 million) to take a 51% equity stake in Cubic Telecom that will give the Dublin-based connected-vehicle technology provider greater access to Asian automakers. The Japanese telecommunications arm of tech investment giant SoftBank Group and Cubic «will form a strategic global partnership to pioneer the future of software-defined connected vehicles,» the two companies said on Tuesday.

fintech and marketplace platform Digivriddhi Technologies (DGV) has raised $6 million in a Series A funding round led by Omidyar Network India, the venture company said. Existing investors Omnivore and InfoEdge Ventures also participated in the round. Founded in 2019 by Ragavan Venkatesan, DGV provides dairy farmers and micro-enterprises access to institutional credit. It plans to use the funds to expand its reach and drive technological innovation.

Logistics (I&L) sector in Kolkata will record a 5-year high supply in 2023 as a result of the completion of pent-up projects across the city and its peripheries. Total I&L supply in 2023 is likely to touch 5.2 mn. sq. ft.

South Korea’s five biggest crypto exchanges will team up with financial regulators to search for “undeclared crypto operators.”

women borrowers, which can vary from lender to lender. “Generally, the concession ranges from 0.05% to 0.10% on the standard home loan interest rates," said Kamaljeet Rastogi, Chief Executive Officer, of Manipal Business Solutions.

TechCircle, the Argentinian-Italian executive discusses HPE’s cutting-edge technology innovations in artificial intelligence (AI), data, and hybrid cloud, the importance of culture and employee engagement, what drives his energy as a CEO, the technology landscape in India, and his plans for the Indian market. Edited excerpts: Currently, the global economy is going through some uncertainty and readjustments. However, India has been at the forefront of digital transformation and is probably the fastest-growing economy in terms of gross domestic product (GDP).