CEO Financial News

In the rapidly evolving world of NFTs and digital collectibles, agencies are poised to play a pivotal role. Whether they specialize in marketing, branding, talent management or focus solely on NFT creation, these agencies have a unique power to shape the trajectory of Web3 adoption and elevate the realm of digital assets. I believe their influence will be indispensable.

Fragile markets, shadow lenders, international tensions and too many wars — global bankers gathering in Hong Kong were meant to discuss how they’re adapting to the financial world’s “complexity” and ended up dwelling on the potential for big blowups instead.

Market maker and alternative asset manager Abacus Life is expanding into financial planning with the launch of a new wealth division to support its secondary insurance market clients.

₹151 crore, led by healthy growth in domestic and international business. Revenue increased 9% YoY to ₹882 crore in the fiscal second quarter (Q2FY24). Earnings before interest, tax, depreciation, and amortization (Ebitda) for the quarter stood at ₹251 crore, a 24% improvement YoY, with an Ebitda margin of 28.5%., the company said in a notification to the exchanges.

financial markets. It plans to introduce Mutual Funds services catering to both traders and retail investors. With the company's promoters retaining full ownership, Bigul aims to broaden its footprint beyond its current presence in Maharashtra, Rajasthan, and Madhya Pradesh.

According to an official release, E2E Networks Ltd., a homegrown Cloud GPU infrastructure and AI technology, announced its active participation in Nasscom’s Generative AI Foundry program. Nasscom recently unveiled the inaugural cohort of about 26 innovative startups.

livestreaming platform has not been seen in public for weeks, state-run media outlets reported, after an investigation into illegal content on his site. DouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during a livestream on the platform, The Paper, a government-run outlet based in Shanghai, reported Monday.

Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications. The facilities—which have yet to be disclosed publicly—would be explicitly designated as a “secure enclave," according to people familiar with the development.

OnFinance.ai, a provider of Generative AI SaaS solutions, has announced that it has raised a $1.05 million seed funding round led by Silverneedle Ventures and IAN. Reportedly, the funding round also saw participation from investors, including LetsVenture Fund, SSV Fund, and Kunal Shah (CRED), along with some angels. 

Square Yards, India’s largest integrated real estate platform, has reached a significant milestone of Rs 100-cr recovery of invested funds, with over 300 legal cases resolved for homebuyers and property owners, with the help of its asset management arm, PropsAMC.

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Diwali just around the corner, it's important to avoid overspending on jewellery, and understanding how making charges on gold are calculated can help save money. Jewellery involves labour costs and all jewellers pass on this cost to the buyers in the form of making charges. Making charges are usually a percentage of the current gold price.

Sam Bankman-Fried has been found guilty on all sev... moreSam Bankman-Fried has been found guilty on all seven counts related to fraud and money laundering.

Guruprasad Srinivasan, CEO and Kamal Pal Hoda, CFO, Quess Corp, in conversation with ET Now. Huda says: “We have a plan to break even in Foundit business by the end of this year, and we are very much on track. Foundit has had a 35% sales growth quarter on quarter and year on year. And there are a lot of initiatives that have been taken in Foundit to look at our cost base, our marketing costs. The development cost of the new product has been largely through so we expect Foundit to break even by the end of this year.” What is leading to this high EBITDA growth? Has the cash burn in Foundit reduced? Kamal Pal Hoda: Yes, the cash burn in Foundit also reduced, but that is not the only reason for EBITDA to go up. There have been a lot of operational synergies. As you can see, the EBITDA in all four of our platforms have gone up. So the WFM EBITDA has gone up by 5%. GTS the EBITDA has gone up 4% quarter on quarter. OAM, the facility management business, the EBITDA has gone up 14% quarter on quarter. So, yes, there is a reduction in cash burn in Foundit, but that is not the only reason, we had good growth from all our four platforms.

Paisabazaar is looking to clock a net profit from next quarter onwards, in line with its parent PB Fintech, Naveen Kukreja, cofounder and chief executive of the credit marketplace, told ET. The company has been earnings before interest, taxes, depreciation, and amortization (Ebitda) positive since the December quarter.

WeWork filed for Chapter 11 bankruptcy protection in the United States on Monday, as part of what it described as a «comprehensive reorganization» of its business. The startup, which was once worth about $47 billion, had started sending distress signals months in advance.

The benchmark Nifty50 is expected to scale 21,000-mark by the next Diwali, according to over 56% of the 16 respondents who participated in the survey conducted by ETMarkets on what the new year for Dalal Street will look like. Since last Diwali, the 50-stock index has net gained 9.5%, and the 21000-level target for Nifty50 implies a somewhat similar quantum of gains from the current levels. The bullish optimism among money managers for the next year comes despite the general elections on the anvil. While events such as these will bring in short-term volatility, the structural growth story of India remains intact and this is likely to drive strong capital inflows, according to money managers. Key Drivers General elections will be one of the major events that will drive domestic equities.

Murthy had said productivity has to rise for the country to grow. “So, therefore, my request is that our youngsters must say, ‘This is my country. I’d like to work 70 hours a week’,” he had said.

Will writing and estate planning is considered an important aspect of financial planning. While wealth creation is important, it is equally important that the assets owned by an individual are easily passed on to their loved ones after his/her death. So, this Diwali, why don't you gift your loved ones a gift card for making a will.

UBS posted its first quarterly loss in almost six years, as the ongoing absorption of Credit Suisse drags on the Swiss lender’s performance.