CEO Financial News

Silvеr coins havе long bееn chеrishеd as gifts, thеir еnduring valuе and classic appеal making thеm a timеlеss choicе. Thеy can bе a symbol of prospеrity, making thеm an еxcеllеnt choicе for various occasions likе wеddings, birthdays, or fеstivals. They also hold sеntimеntal and monеtary value.

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A number of altcoins bankrolled by recently convicted FTX founder, Sam Bankman-Fried, appropriately dubbed “Sam coins,” have continued to rally this week ahead of his potential March trial.

gifting companies are feeling the freeze of the slowdown in the IT and IT-enabled services sector this Diwali season. IT/ITeS companies — which, with their huge workforces, are among the biggest spenders on Diwali gifts — have slashed their gift budgets by up to 50% and some have done away with gifting altogether, gifting companies such as PrintStop, IGP, Loopify and Swageazy told ET. «There's a blanket reduction in gift budgets. IT typically accounts for about 50% of our clients; there's been a 50% drop in their spends,» said Pratik Shah, cofounder of customised gifting company PrintStop.

By Saqib Iqbal Ahmed

Popular gaming platform Roblox could look to add cross-platform NFTs in-game, founder and CEO David Baszucki said.

Elon Musk Biopic in the Works at A24 With Darren Aronofsky Set to Direct A biopic on world's richest man Elon Musk biopic is in the workis. The film, which will be made by American independent entertainment company A24, is likely to be directed by Darren Aronofsky. As per a report on Variety, the biopic will be based on Walter Isaacson’s authorized biography of the tech mogul. Interestingly, 2015 Universal film on Steve Jobs, starring Michael Fassbender as the Apple CEO, was an adaptation of a book written by Issacson. The report further said that there was intense competition among studios and filmmakers vying to secure the rights to Walter Isaacson's book, with A24 emerging as the winner in the bidding war.

₹10,000 crore in its born-electric sports utility vehicle (SUV) program, with five EVs slated for launch on its grounds-up electric platform called Inglo. The first of these EVs will hit the market towards the end of 2024. The auto major has also inked global sourcing agreements for key components for the vehicles and has onboarded marquee investors such as British International Investment (BII) and Temasek for its EV subsidiary.

Investing.com — Unity Software on Thursday failed to provide full-year guidance after reporting mixed third-quarter results as revenue missed Wall Street estimates following slowing new game launches and weakness in China amid a government crackdown on gaming.

AssetMark Financial Holdings hit its sixth consecutive quarter of record-breaking results in the third quarter, and it shows no sign of slowing.

New opportunities for wealth and alternative asset managers is the focus of Emigrant Partners, and the firm is aiming for new growth with the expansion of its headcount.

US Bankruptcy Judge Martin Glenn signed off on the restructuring on Thursday. Fahrenheit will pivot the business to pay back customers through bitcoin mining and earning "staking" fees by validating blockchain transactions, according to Reuters.

The former Bitwise Industries CEOs, Irma Olguin Jr and Jake Soberal, were charged by the SEC with misleading investors about the company’s finances. “We allege that Soberal and Olguin resorted to blatant fraud, including the creation of fake financial documents, to deceive investors and raise money,” said Monique C.

Bankman-Fried was convicted after a month-long trial in which he was accused of stealing $8 billion from his crypto exchange users in one of the hugest financial fraud cases in history.

Ajoy Chawla, CEO, Tanishq said «Over the past three weeks of this festive season, we've observed a significant upswing in customer sentiment. Notably, our new collections, including Dharohar, a showcase of Indian craftsmanship, Rivaah X Tarun Tahiliani's exquisite bridal jewellery, String It, our chic lightweight neckwear, and more, have been receiving remarkable traction across all categories.

Festival time is the best opportunity for accumulation of a few assets and gold is a preferred choice among Indian households who wish to purchase this metal not only for investment but also because it is considered auspicious.

Having established itself as a leading full-stack real estate service provider during its 17-year-long journey, Magicbricks has now set its sights on expanding the home loan segment. The company is poised to collaborate with more financial institutions and digitize the entire home loan process in a bid to establish one of the largest home lending channel partner networks in the country.

Mahindra Lifespace Developers, the real estate and infrastructure development business of the Mahindra Group, has decided not to undertake a joint development on a nearly 5-acre land parcel in Mumbai’s western suburb Dahisar owing to significant delays in fulfilment of certain conditions precedent. The company had finalised the terms for this project in October 2021 and the development was estimated to provide around half a million sq ft of carpet area. The terms of this joint development were subject to conditions precedent including regulatory clearances and approvals for effective development of the land parcel in a timely manner. “In the best interest of the company, owing to significant delays in fulfilment of certain conditions precedent, the same shall be discontinued and shall not be pursued,” the company said. Mahindra Lifespace Developers recently acquired 5.38 acres of land in Wagholi locality of Pune. The land is estimated to have a development potential of over 1.5 million sq ft of saleable area. For the quarter ended September, the company has recorded pre-sales of Rs 455 crore for 0.68 million sq ft saleable area in its residential business. The company has a healthy pipeline of business development with Gross Development Value {GDV) of over Rs 5,000 crores, Amit Sinha, Managing Director & CEO, Mahindra Lifespace Developers told investors during its September quarter earnings call. The company has multiple launches coming up in the second half of the current financial year.

Some organisations, especially in the IT sector, recently issued strict orders asking their mid-career professionals to return to the office. Some return-to-office mandates had led to the rise of terms such as coffee badging and office peacocking, which we had discussed recently. But what does this mandate mean from a leader’s point of view?

Westpac boss Peter King called it “one competitor”. National Australia Bank’s Ross McEwan referred to “a couple of players looking to grow market share”. ANZ has become the bogeyman of banking – say his name three times, and its chief executive, Shayne Elliott, appears to shrink your margins.

₹24.95 crore of Pawan Munjal, CMD of Hero MotoCorp, in Delhi. The probe agency attached three immovable properties located in the national capital under the provisions of the Prevention of Money Laundering Act, 2002 belonging to Munjal. According to a press statement by the anti-money laundering agency, ED officials initiated the investigation on the basis of a "Prosecution Complaint filed by Directorate of Revenue Intelligence (DRI) u/s 135 of the Customs Act, 1962 against P K Munjal, Chairman and CMD of M/s Hero Motocorp and others for taking foreign exchange/currency out of India illegally".