CEO Financial News

Gary Gensler, Chair of the Securities and Exchange Commission (SEC), has issued a warning about the prevalence of fraud in crypto, stating that there are multiple “notorious fraudsters” operating in the space.

gold and silver on Dhanteras day. This time Dhanteras is on November 10, 2023, i.e., tomorrow. If you want to avoid the crowds in a jeweller shop, then there is an option to buy gold coins and bars online. One can buy gold coins, bars online from MMTC-PAMP, reputed branded jewellers such as Tanishq, Malabar Gold & Diamonds etc. MMTC-PAMP is a joint venture between the Government of India-owned Metals and Minerals Trading Corporation of India (MMTC) and Switzerland-based gold refining company, Produits Artistiques Métaux Précieux (PAMP). MMTC-PAMP sells gold and silver coins and bars only through their offline and online stores. One cannot buy gold and silver jewellery from MMTC-PAMP. The products sold by MMTC-PAMP have received accreditation from the London Bullion Market Association (LBMA). «Since Diwali is dedicated to the worship of Goddess Lakshmi while Dhanteras marks the beginning of the five-day Diwali celebrations, buying pure gold and silver on Dhanteras holds specific significance. At MMTC-PAMP, we offer the purest 999.99+ Gold (24K) and silver products, seamlessly blending the finest Switzerland technological craftsmanship with Indian traditional values and customisation,» says Vikas Singh, MD & CEO, MMTC-PAMP.

Adani Ports Q2 Results: Adani Ports and Special Economic Zone (APSEZ) Ltd announced its July-September quarter results for fiscal 2023-24 (Q2FY24) on Wednesday, November 9, reporting a rise of 4.2 per cent in net profit at ₹1,747.8 crore, compared to ₹1,677.5 crore in the corresponding period last year. The port major's revenue from operations in the second quarter of current fiscal stood at ₹6,646.6 crore, registering a growth of 27.6 per cent, compared to ₹5,210.8 crore in the year-ago period. On the operating front, Bata India's earnings before interest, taxes, depreciation, and amortization (EBITDA) during the September quarter came in ₹4,053.9 crore, marking a growth of 35 per cent, compared to ₹3,005.5 crore in the same period last year.

Myer’s outgoing chief executive John King predicted Black Friday trading to beat Christmas this year, after reporting improved turnover in the past seven weeks.

Revenue from operations during the second quarter increased 28% year-on-year (YoY) to Rs 6,646 crore. It was Rs 5,211 crore in the in the last year quarter. EBITDA for the quarter (excluding the forex loss) jumped 19% YoY to Rs 3,880 crore in the July-September period. The domestic cargo volumes of the company jumped 13% YoY to 98.12 mmt, while the total cargo volumes rose 17% YoY to 101.22 mmt in the reporting quarter. Mundra Port handled cargo volumes to the tune of 44.44 mmt in the September quarter, up 14% YoY.

InCred Financial Services is set to raise Rs 500 crore ($60 million) in a fresh round of funding from a clutch of investors, including corporate treasuries, global private equity funds, family offices and ultra-high-networth individuals. In a release issued on Thursday, the lending company said that it has already received the full commitment and post the closure of the round, will achieve a valuation of a billion dollars, thereby entering the unicorn club. The release, however, did not name any of the investors.

Vivek Karwa, CEO, VRIDHI Investment, says his two bets in safe sparklers include ICICI Bank and Piramal Pharma. “ICICI Bank is a very safe bet among the largecaps. It would be the safest as no stop loss is required and you can buy as much as you can. Piramal Pharma, is definitely a volatile stock, but I am putting it in a safe category because after a long time, after the split happened, the company has shown profits and the management is very clear that here on, things are going to be good.” We have decided to split the top picks in three different categories; safe sparklers, high risk rockets and value bombs and I have heard that you do not have one, but two in each category that you will advise investors to look at. I did not know one was enough and that is the reason I said two. Absolutely, more the merrier. Splitting into three categories is an interesting idea because no two investor is the same. Their risk appetites are not the same. And hence anyone wanting to choose can choose accordingly.

Fuels supplier Viva Energy is targeting nearly a 150 per cent jump in earnings from its convenience and fuels retailing business in five years, after paving the way for a huge expansion in convenience retailing that will also make it one of the country’s biggest employers.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of MintGenie. We advise investors to check with certified experts before taking any investment decisions.Pranav Haridasan, MD & CEO, Axis SecuritiesMilestone Alert!Livemint tops charts as the fastest growing news website in the world

First-time home buyers who borrowed in the interest rate trough and bought a house at the previous price peak are rolling on to new variable interest rates that are higher than the buffers applied by banks when customers took out the loan.

Dhanteras 2023: Real estate has always been considered an investment option that provides security to the investor. Gold has historically been used as a hedge against inflation. India has a very old tradition of buying gold on auspicious occasions. 

In Heather Reisman’s first quarterly conference call with analysts since her return to Indigo Books & Music Inc. in September, she introduced herself as both the company’s CEO and “chief book lover.”

A major Russian bank has created a solution that lets digital ruble holders perform real-time “withdrawal”-type cash conversions at ATMs.

Disney CEO Bog Iger has said that the media conglomerate would like to stay in the Indian market even as it is considering options for the Star India business, which is also known as Disney Star. «We'd like to stay in that market. But we're also looking to see whether we can, obviously, strengthen our hand and improve the bottom line,» Iger said in response to a question about the company's India business during the Q4 2023 earnings call. While stating that Disney is considering various options for the India business, which comprises 77 TV channels and one streaming platform, Disney+ Hotstar, Iger added that the company has an opportunity to strengthen its hand in the market. «We're considering our options there.

Tata Power share price declined nearly 3% in early trade on Thursday after the company reported its earnings for the quarter ended September 2023. Tata Power shares fell as much as 2.96% to ₹247.35 apiece on the BSE. Tata Power Company reported a growth of 8.79% in its consolidated net profit for the July-September quarter on a year-on-year (y-o-y) basis at ₹1,017.41 crore.

A push by Facebook and Instagram into video has caused a “significant increase” in their use of video content produced by publishers which should be factored in when renegotiating multi-million dollar deals under the news media bargaining code, Nine Entertainment’s chief executive says.

National Australia Bank lifted cash profit by 8.8 per cent to $7.7 billion for the 2023 financial year and boosted its final dividend to 84¢ a share, but pointed to a “more challenging environment” in its second half and for 2024.

Walt Disney Co. has reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger

Airbnb says the biggest reason it loses some bookings to hotels is that people never know exactly what their Airbnb rental will look like until they check in

Nextdoor is laying off 25% of its full-time staff as the neighborhood-focused social network company cuts costs with its losses widening

Beyond Meat’s revenue fell nearly 9% in the third quarter as higher sales of its plant-based meat in Europe failed to make up for plummeting demand in the U.S. Beyond Meat on Wednesday reported revenue of $75.3 million for the July-September period