CEO Financial News

₹15 crore, and raise it to ₹25 crore by 31 March, 2026. According to Movin Jain, founder of Skydo, a cross-border payments company, the neworth criterion may burden some startups. “But I do feel that it is important because the RBI recognizes that unless you have strong financials, it is difficult to get assurance to consumers i.e.

Walt Disney Company has said that it will acquire Comcast Corporation-owned NBC Universal's (NBCU) 33% stake in streaming platform Hulu for $8.61 billion at a valuation of $27.5 billion. Disney hopes to complete the transaction by December 1. Walt Disney said the acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives.

Housing.com has decided to make a strategic investment in EASILOAN, a fintech start-up focusing on digitizing the home loan journey. Although the specific investment sum remains undisclosed, this partnership aims to lay the foundation for Housing.com’s plans to create India’s largest digital home loan origination platform.

European fintech firm Revolut on Thursday said it appointed former Barclays executive Francesca Carlesi as its new U.K. CEO.

A concerted effort is underway to defend against the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Binance. This lawsuit, rooted in allegations dating back to at least July 2017, claims that Binance, under the stewardship of CEO Changpeng Zhao, operated as unregistered exchanges, brokers, dealers, and clearing agencies, thereby generating substantial revenue primarily from transaction fees from U.S. customers​1​. In light of these allegations, the Chamber of Digital Commerce, headquartered in the United States, has mobilized alongside a myriad of other businesses, groups, legal experts, and politicians to challenge the SEC's lawsuit.

Adani Power reported a sharp jump of 848% in its consolidated net profit at ₹6,594.17 crore for the second quarter of FY24. The company’s net profit was ₹695.33 crore in the year-ago quarter.

By Diana Mandia and Matteo Allievi

MOSCOW (Reuters) — Russia's dominant lender Sberbank reported on Thursday 411.4 billion roubles ($4.41 billion) in net profit in the third quarter and a return on equity (ROE) of 27.6% as it recovers from a difficult 2022.

AustralianSuper is seeking to increase its blocking stake in Origin Energy, sending stockbroker Macquarie into the market to buy more shares on its behalf.

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Zydus Lifesciences on Thursday said it has joined hands with oncology firm Guardant Health to jointly promote a portfolio of liquid and tissue biopsy tests across India and Nepal.

real estate platform, Housing.com, owned by REA India has invested undisclosed amount in Easiloan, a fintech start-up focusing on digitizing the home loan journey. Established in 2021 by Pramod Kathuria, Easiloan is a digital home loan marketplace offering personalized, end-to-end home loan solutions through collaborations with over 20 banks across India.

Supreme Court’s latest ruling on IBC, as it recognised tax departments and government agencies on par with secured creditors under the insolvency law. Since its introduction in 2016, the Insolvency and Bankruptcy Code has found more and more takers. Yet it remains marred by some structural shortcomings, including constant delays in resolution and haircuts. Timelines for closure of cases have increased across all categories, data shows.

Narayana Murthy’s 70-hour work week remark: 7 ways to design a “rich" life on your terms Further sharing the examples of some of the legends from different industries such as Virat Kohli, Ratan Tata, Amitabh Bachchan, and late former President of India APJ Abdul Kalam, Shetty said all such people accomplished great heights in their respective careers by pushing themselves beyond limits others had set for them. By talking about a 70-hour work week, Murthy was trying to convey that young adults should spend their earliest years pushing their boundaries, Shetty added.

Women now make up at least half of full-time M.B.A. students at five top business schools, the most to reach that milestone in a given year, new data show. The rising share of female M.B.A.

sahi is sky high. Money is pouring in. New mutual funds are being launched.

₹4,051 crore. Kotak Mahindra Bank and Kotak Mahindra General Insurance Company have entered into definitive agreements with Zurich Insurance Company Ltd, whereby Zurich will invest approximately ₹4,051 crore to acquire a 51% stake in Kotak General Insurance, the private sector lender said in a release.

AustralianSuper, the biggest shareholder in Origin Energy, has swiftly rejected an increased takeover offer for the country’s largest energy utility, leaving the near-$20 billion deal hanging in the balance.

Origin Energy's largest shareholder on Thursday said it would vote against a «best and final» A$16.40 billion ($10.55 billion) offer from a Brookfield consortium for Australia's biggest energy retailer, throwing the deal's future into doubt. AustralianSuper said in a statement the consortium's A$9.53 per share offer, an 8% increase over the previous A$8.81 apiece bid, remained «substantially below» its estimate of Origin's long-term value. «AustralianSuper believes Origin has a highly strategic portfolio of assets to participate in, and benefit from, the energy transition,» a spokesperson said. Origin shares plunged as much as 5.6% to A$8.565 in high-volume trading following the news, as AustralianSuper's 13.68% holding could scupper a deal that requires approval from 75% of the register if not all investors vote. Hours earlier, the consortium led by Canada's Brookfield, which also includes EIG's MidOcean Energy, said the increased offer was its «best and final» proposal, meaning it cannot be increased unless a rival offer emerged. Brookfield did not respond immediately to a request for comment after AustralianSuper's announcement. AustralianSuper, the country's largest pension fund with A$300 billion in assets, on Tuesday had already rejected the prior offer, saying it was «substantially below» its estimate of long-term value as the country moves toward net-zero emissions by 2050. «If AustralianSuper is rejecting it, the likelihood of the deal going ahead is very low,» said Jamie Hannah, deputy head of investments and capital markets at VanEck, which owns a 0.3% stake in Origin. «I think the deal is back at the drawing board at the moment.» Should the deal fail at the shareholder vote scheduled for Nov.

Global asset manager Janus Henderson plans to de-list from the ASX on December 6, citing the decline in shares traded on the local exchange to just 5.5 per cent of its issued capital.

London | The federal government is reluctant to step in with a bailout for Tritium, the embattled maker of electric vehicle chargers, while the company’s managers and investors are still working out next steps, Industry Minister Ed Husic has said.