CEO Financial News

Less than two years after nearly being killed by a Russian bomb while reporting, Fox News' Benjamin Hall returned to Ukraine this week

Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements

MSMEs for imports from the UK. The partnership envisages an intent to establish a financing programme of up to GBP 100 million HSBC India and UKEF today signed a Letter of Intent (LoI), which enables them to work together on opportunities relating to UKEF's guarantee-backed structures.

Write to Berber Jin at [email protected], Deepa Seetharaman at [email protected] and Tom Dotan at [email protected] Alert!Livemint tops charts as the fastest growing news website in the world

Bank of Baroda is yet to complete the forensic audit into the recent graft allegations against some of its key employees of its mobile app Bobworld, a senior bank official said on Thursday. «We are still working on the forensic audit as the central bank is still doing some more due diligence on the app Bobworld,» Joydeep Dutta Roy, an Executive Director of the bank, told reporters on the sidelines of the two-day national banking summit organised by IBA and Ficci. On October 10, the Reserve Bank of India (RBI) banned the lender from on-boarding new customers on its mobile app after finding certain material supervisory concerns.

Binance’s total asset holdings have remained largely unchanged following the recent settlement of civil and criminal charges between the crypto exchange and CEO Changpeng “CZ” Zhao and US authorities. 

Former  Binance  CEO Changpeng Zhao, commonly known as CZ, is still worth $15 billion despite recently pleading guilty to federal money laundering charges.

HCLTech chief delivery officer for nearshore & new vistas locations Appa Rao VV has resigned, the IT services company said in a notification to stock exchanges. Rao was the company’s chief human resources officer before he took up the chief delivery officer role in October 2022. Ramachandran Sundararajan had succeeded him as chief HR officer at the time.

Anil Kothuri, MD & CEO, Fedbank Financial Services, says RBI’s intent is to clamp down on unsecured lending which is used to fuel consumption and that is what they seek to moderate and put guardrails around. “The loans that we do are loans for working capital for self-employed customers. To the best of my understanding, that is outside the ambit of the circular that the RBI has recently issued. Almost all the loans that we do in Fedfina qualify for priority sector lending by banks.” In terms of your loan book, I believe, 86% of the portfolio is backed by the assets for the company. Where do you see this target going up? Do you expect this to be at these levels in terms of the secured loan book or could this vary and maybe see a bit of a reduction? We are in business to empower emerging India with easy access to loans. We serve the working capital requirements of the small self-employed customer. We do that against the pledge of gold, mortgage of property and we do unsecured loans too. Our unsecured book is about 14% of the overall portfolio. But it has the lowest behavioural tenor. Unsecured loans get repaid within 30 months as opposed to secured mortgage loans which get repaid in about eight years. Which is why with each passing month, the proportion of secured loans in the portfolio keeps increasing. So, this 14% that you see will keep coming down with the passage of time and we will move to a greater proportion of secured assets in our book.

Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The number of Apple smartphones sold declined 4% year-on-year during the two-week sales from October 30 to November 12, the research consultancy said on Thursday. In comparison, the number of units sold by Huawei and Xiaomi grew 66% and 28%, respectively year-on-year over the same period.

Axis Bank, catering to affluent and private banking clients, the company said in a statement. "Krishnamurthy's experience and knowledge of HNIs in India will enhance our firm's pursuit of delivering innovative services to this high-potential market segment. "With Krishnamurthy at the helm, and the existing team and fresh talent, we have confidence in our capacity to expand our digital-led wealth management business, effectively meet the requirements of the High Net Worth segment and ensure profitability in our endeavours," 360 One founder MD and CEO Karan Bhagat said.

rising prices and as refiners face negative margins after making heavy imports in the past few months, industry officials told Reuters on Thursday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures which are trading near their highest in level in two months. «Traders are attempting to liquidate stocks accumulated at ports due to aggressive imports in recent months,» Rajesh Patel, managing partner at edible oil trader and broker GGN Research told Reuters. «Currently, there's no import parity. Older imported stocks are being offered at lower prices compared to the price of new shipments.» The landed cost of crude palm oil for December shipments on the west coast without import taxes is 77,500 rupees per metric ton, whereas already imported oil is being offered at 76,500 rupees, traders said. Higher imports during July to September lifted vegetable oil stocks in India to 3.3 million tons on Nov.

By Christoph Steitz

By Anna Tong, Jeffrey Dastin and Krystal Hu

Private Media, the publisher of Crikey and other titles, has cut its workforce by 15 per cent as it reels from a slow advertising market.

AustralianSuper has blasted attempts by Brookfield to “buy more time” on its $18.7 billion bid for Origin Energy, describing an alternative deal asa “low-ball offer” that would shortchange investors in favour of a private equity consortium.

bargains; finding those companies whose stock may be out of favor for one reason or another and whose stock is inexpensive relative to the company’s earnings or assets. Value investors are looking for companies with reasonable balance sheet strength and have little corporate debt but hold the potential for robust earnings increase in the medium to long term. Identifying a company that meets the above criteria is only the first step.

Fitspire, a vegan and plant-based personal wellness brand has entered into the $17 billion global skincare market by launching plant-based biotin, collagen, and omega products. While the category caters to the burgeoning demand for cruelty-free skin-care products in India, Fitspire said it aims to tap into Indian consumers seeking vegan, natural, clean, and cruelty-free products to support their lifestyle. “The demand for cruelty-free and eco-conscious choices is gaining momentum, and the rise of vegan beauty products has become a phenomenon. Consumers are now embracing products that are manufactured ethically.

In a market buzzing with anticipation and regulatory crosswinds, Bitcoin has once again captured the spotlight, soaring past the $37,000 mark. This latest surge, marked by a nearly 2.75% to $37,353 on Thursday, comes amidst a backdrop of thin holiday trading and a strengthening dollar.

World Cup, the cost of a base ticket to the finals, in the black market, was about Rs10,000 (actual price Rs1,500). A day before the finals it peaked at Rs35,000. If you had bought a ticket at the start of the World Cup, well, you had limited expectations on who would play the finals, much less who would win it.

Binance wallets have moved $3.9 billion worth of Tether (USDT) in a recent transaction amid the exchange’s pending $4.3 billion penalty that it agreed to pay to the Department of Justice.