CEO Financial News

The Chief Executive Officer of Ripple, Brad Garlinghouse, has voiced his disagreement with the regulatory posture taken by Jay Clayton, who formerly served as Chair of the US Securities and Exchange Commission (SEC). This criticism surfaced in response to statements made by Clayton during an interview with CNBC on June 29, 2023. Clayton was discussing the SEC's more aggressive legal stance against corporations, especially those operating in the cryptocurrency industry.

By Steven Scheer

₹50 lakh for his studies. Mehra had a rich stock portfolio, besides a property in Delhi-NCR that he could have sold off to pay for his studies. “I opted for an education loan because I felt that my corpus would fetch me returns that would negate what I had to pay as the interest on the education loan," says Mehra, who is now co-founder and CEO of GyanDhan, an education financing marketplace.

InterGlobe Aviation Ltd’s flight would face some disturbance in FY24. InterGlobe runs IndiGo, India’s largest airline by market share. Pratt & Whitney engines are facing a ‘powder metal’ issue, and 600-700 engines are being removed worldwide for inspections.

SBI Holdings and Standard Chartered’s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: a Sell initiation at Tesla, and downgrades at Ginkgo Bioworks, Navient, and Masonite International.

₹16,927.86 crore in October, up 5.5% from the previous month, data from the Association of Mutual Funds in India (AMFI) showed. Small-cap funds witnessed net inflows of ₹4,495.13 crore in October, up 67.8% from a month ago and mid-cap funds attracted net investment of ₹2,408.9 crore, up from ₹2,000.88 crore in September. At ₹723.81 crore large cap funds witnessed inflows for the first time since April.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

U.S. Securities and Exchange Commission Chair Gary Gensler indicated a potential reboot of FTX during DC Fintech Week on Wednesday, prompting FTX’s digital token, FTT, to rally. 

By Anandita Mehrotra

Purchasing gold on Dhanteras has evolved into a cherished tradition. For investors seeking to participate in this practice, the government’s Sovereign Gold Bonds (SGB) scheme, introduced in 2015, offers a more contemporary and convenient alternative to acquiring physical gold.

The Board of Directors of Ashok Leyland in their meeting have approved an investment of Rs 1,200 crore in Switch Mobility as equity through its holding company Optare UK. 

According to an official release, Mudrex, a global crypto investment platform, announces Muhurat Offer this Diwali to invest and trade in over 350+ cryptocurrencies and 20+ Crypto Indexes called CoinSets. During this Diwali, the platform is expected to execute trades and investments at zero fee

The immense amount of energy needed to power generative artificial intelligence models, like the one behind ChatGPT, is creating a new market for data centers that run on alternative energy sources. Supply of electricity, which currently powers the vast majority of data centers, is already strained from existing demands on the country’s electric grids.

Royal Philips, the Dutch health technology company on Thursday announced the launch of its new innovation campus in Yelahanka, Bengaluru. The 650,000 square feet campus will accommodate over 5,000 professionals working on innovative health technologies aimed at improving patient experiences, achieving better health outcomes, improving staff experiences, and lowering the cost of care. With approximately 9,000 employees across India, Phillips has established a strong presence in the country with Healthcare Innovation Center in Pune, Global Business Services in Chennai, and commercial teams in Gurgaon. The new center in Bengaluru not only signifies a landmark in Philips' global footprint but will also play a pivotal role in revolutionizing the healthcare landscape in India and beyond, the company said. “This new campus is a testimony of our commitment to further building our capabilities in India and leveraging the same for customers globally,” Roy Jakobs, CEO Royal Philips. “In India, we not only want to speed up access to care but also locally develop and contribute to solutions for the rest of the world,” Jakobs added. Philips is trying to leverage India's deep-rooted expertise in healthcare innovation and informatics.

Airtel Thursday said it has expanded its 5G network to all 23 districts of West Bengal, which will bring the high-speed technology to its 1.6 million customers. This marks a significant milestone for Airtel as the company has achieved 5G coverage across all districts and union territories in the country within a year of the launch of the service, the company said.

Jewellers are cautiously optimistic about gold demand on the Dhanteras day on Friday and expect a 10 per cent increase in gold jewellery and bullion sales amid a sharp rise in gold prices in view of geopolitical developments. Gold prices have shot up by more than 20 per cent since last Dhanteras to nearly Rs 61,000 per ten grams. Gold prices in Delhi were ruling at Rs 50,139 per ten grams, excluding taxes, on last year's Dhanteras, while at Rs 47,644 on 2021 Dhanteras festival.

It was only a matter of time. Antony Catalano has taken his first official step towards spoiling ASX-listed ARN Media’s plans to acquire rival Southern Cross Austereo, Street Talk can reveal.

HSBC analysts initiated research coverage on Tesla (NASDAQ:TSLA) stock with a Reduce rating and a $146 per share price target.

The joint venture will focus on investing in companies across the digital assets spectrum including market infrastructure, risk and compliance tools, DeFi, tokenisation, consumer payments, and the metaverse. The parties intend to capitalise the vehicle with $100 million.Alex Manson, CEO, SC Ventures, says: “The region is fast becoming a hub for fintechs in the digital asset space due to its regulation, strengthening infrastructure and talent.

PV Subramanyam, CEO, Subramoney.com, says “I would rather put it in a multi-asset fund because a multi-asset fund would have 10% of its money in gold. So at any point in time, they will keep selling equity, buying gold or selling debt, buying gold or maybe selling gold and buying equity. That balancing will be done by the fund house and that is more tax efficient than you being able to do it. If you sell gold, you will pay capital gains tax. If you buy more gold, you will pay GST and things like that but if you let the fund manager sell equity, sell debt and buy gold when it is efficient that makes more sense. So a multi-asset fund with 10% in gold or 15% in gold makes more sense and it is more tax efficient also.” During Diwali time, especially Dhanteras, talk about gold is mandated even as we are dealing with a lot of uncertainties right now. There are geopolitical concerns, concerns over crude oil prices, which way they are going to go and of course slowdown in key economies. How important is gold as an investment class today? Normally you tend to have about 5-10% of your portfolio in gold but gold is not very efficiently taxed.