CEO Financial News

National Pension System (NPS) subscribers in the 'All Citizen Model' and 'Corporate Model' categories, allowing them to choose preferred fund managers for equity, corporate debt, and gilts. The National Pension System (NPS) consists of an open architecture that provides flexibility to subscribers to choose across asset classes, Pension Fund Managers (PFMs), and Central Recordkeeping Agencies (CRAs).

global market front, Asian markets traded mixed while the US stocks ended higher on dovish commentary from Fed officials. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 4 The Indian equity market witnessed healthy gains on Friday, with the benchmark Nifty 50 hitting its fresh record high in the intraday session after India's Q2 GDP numbers exceeded expectations.

Raymond Group chairman Gautam Singhania and his wife Nawaz Modi following their separation, legal sources close to the couple said. Lawyers from both sides held discussions on possible contours of a settlement in recent days, two officials close to the matter said.

Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Teslaholds Cybertruck event; China EV deliveries; Rivian launches leasing.

By Rajesh Kumar Singh, Akanksha Khushi and Anirban Sen

If retirement feels like an out of reach financial goal, you aren’t alone.

IDBI Bank Ltd and a couple of other state-run banks. “Well, IDBI has been going on for years. Nothing has happened.

MUMBAI : Piramal Alternatives and CDPQ-backed performing credit fund have agreed to extend a ₹200 crore sum to ATM (automated teller machines) operator Transaction Solutions International (India) Pvt Ltd (TSI) in a structured credit transaction, a top executive said. The capital, raised against convertible securities, will help with TSI’s business expansion initiatives and accelerate its ATM deployment and other payment processing plans, the firm said. “With TSI, we had the opportunity to participate in a professionally led business within the high growth consumer payment sector.

As Bitcoin soars to a striking $39,390, up by a significant 1.50% in the last day, the crypto community is abuzz with anticipation. This remarkable surge forms a crucial part of the broader escalation in the total cryptocurrency market cap, which has now eclipsed the $1.5 trillion milestone.

India), has secured Rs 200 crore of investment from Piramal Alternatives. TSI has more than 14,000 ATMs under management and offers automated Bill Pay solutions for utility companies.

The blue chips Nifty 50 and BSE Sensex gained 2.39% and 2.29%, respectively, led by a rise in energy stocks. Faster-than-expected quarterly economic growth and acceleration in factory growth in November supported the rise in domestic equities. Here's how analysts read the market pulse: «Nifty continues to ascend as the bulls maintain control.

Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said. Pepe Jeans London, owned by Spanish global fashion group AWWG, is «very buoyant» for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI. As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels.

Delhi airport operator DIAL plans to levy higher charges from airlines for grounded aircraft as they occupy available parking space and impact overall operational efficiency, amid rising instances of grounding of planes due to technical and other issues. «We are planning that in the next traffic calculation, we are going to request that for people who are grounding (aircraft) here for more than a certain period, there should be some sort of higher charges because otherwise it disturbs the operations of other airlines,» Delhi International Airport Ltd (DIAL) CEO Videh Kumar Jaipuriar told PTI in an interview. Jaipuriar, who is in charge of the country's largest airport, was responding to a query on whether the operator will look at levying higher charges from airlines for aircraft that are grounded at the airport.

Car care services startup Park+ expects to turn profitable by the January-March 2024 quarter and close the current fiscal with over Rs 200 crore, a senior company official said. Park+ founder and CEO Amit Lakhotia said that the company at present has operations in about 30 cities and plans to expand to over 100 cities by 2024. The Epiq Capital backed company has raised $55 million till date to fund its operation which is sufficient for the company to fund operations as well as planned expansion.

rooftop solar installations in India registered a 34.7 per cent year-on-year jump to 431 MW during July-September 2023, aided by a fall in module prices, Mercom India said. The rooftop solar installations were at 320 megawatt (MW) during the three-month period of 2022, the research firm said in a report. The rooftop solar capacity addition was also higher at 1.3 gigawatt (GW) in the first nine months of 2023, compared to 1.2 GW in January-September 2022.

surging bull market is undeniable. The thrill of surging stock prices is not only in witnessing sky-rocketing portfolio returns, but also in getting the vindication in the underlying investment theses. Who wouldn’t welcome the excitement of a bull market? However, there’s a catch. While it’s a common tendency to view downcycles as emotionally draining experience, the same emotional complexity often gets oversimplified or outrightly ignored when it comes to upcycles.

OpenAI, expressed the significance of the company's work as "extraordinarily important." He emphasized the importance of OpenAI operating as a "corporation with a conscience." According to a report from Bloomberg, Larry Summers stated on Bloomberg Television's Wall Street Week with David Westin that OpenAI has to be prepared to cooperate with key government officials on regulatory issues, on national security issues, on development of technology issues. The statements provide insight into the focus of Summers, a former US treasury secretary, in his role at the Silicon Valley startup. He officially became a member of OpenAI's board this week, following a turbulent leadership dispute that captured the attention of Silicon Valley.

Telangana Assembly started at 8 am on Sunday. The election in the state was held on November 30, 2023.

The New Yorker shares elaborate details on the whole backchannel saga that led to Sam Altman's exit and then his comeback. OpenAI has been one of the most crucial investments for Microsoft for its artificial intelligence ambitions and over the years the tech giant has raised its stake in OpenAI.

OpenAI, a leading artificial intelligence research lab, has announced a significant change in its leadership. Sam Altman, the previous CEO, has stepped down and left the board of directors. The decision comes after the board concluded that Altman was not consistently candid in his communications, affecting their ability to fulfill their responsibilities. As a result, Mira Murati, OpenAI's Chief Technology Officer, initially took over as the interim CEO​​.

Binance, the biggest cryptocurrency exchange in the world, is about to embark on a new section of its history with Richard Teng serving as its Chief Executive Officer. Changpeng Zhao, the creator of Binance, made the announcement on this consequential shift in leadership. Not only does Teng's appointment come at a vital moment for the exchange, but it also marks a new direction in the administration and strategy of the exchange.