CEO Financial News

VinFast Auto is evaluating potential sites for its planned manufacturing facility and has already reviewed two locations in Tamil Nadu, people aware of the developments told ET. Touted as a rival to iconic EV maker Tesla, the auto company has been shown land in the Manalur region north of Chennai as well as in one of the state’s southernmost districts Tuticorin, according to sources who said that VinFast was also set to evaluate plots in Gujarat shortly.

South Park, the hit television series, came in the news for yet another controversy as multiple clips from a special television episode went viral on the internet on Friday. The videos went viral for taunting Disney’s support of liberal politics in the US, a move which has often resulted in the company receiving criticism. The clips took aim at Disney’s CEO Bob Iger and the president of Lucasfilm, Kathleen Kennedy. As per reports, the episode displayed its character Eric Cartman who endures a bad dream about his friends getting replaced by a diverse group of women who were being vocal about the patriarchal system. The clips went viral on X (formerly known as Twitter) and showed Cartman conversing with a psychiatrist about his nightmare stating that he wanted to scream and say why every character was getting replaced by “someone who is diverse.” Then the episode showed the character Kenny saying that it was not their fault, but Kathleen Kennedy’s. The clips also showcased Cartman dreaming about Iger and expressing the same to the psychiatrist saying that the stocks of Disney are “going down and down and down” and Iger asking him about what was happening to his stocks. This isn’t the first time that South Park has shown controversial content on the show. Here are 4 episodes which have gained massive controversy.

According to Datasembly, a retail price tracking company, the prices of candy and gum have surged by an average of 13% this month compared to last October, which is more than double the 6% increase in all grocery prices. This increase comes on top of a 14% jump in candy and gum prices in October 2022. Weather Impact The driving force behind these higher prices is adverse weather conditions.

Honda India Power Products recognises the importance of agricultural mechanisation in India and the challenge posed by smaller farm sizes. To address this, HIPP offers a range of equipment ideally suited for small and marginal farmers offering unmatched portability and durability backed by legendary “Honda" quality across its diversified product categories ranging from portable water pumps to power tillers, brush cutters, stationary and back sprayers, reapers powered by Honda GX engines engineered to withstand demanding conditions and provide reliable service to enhance agricultural productivity and thereby empowering the farming community," said Mohit Kumar Singh, General Manager, Business strategy and development of Honda India Power Products Limited.

On October 16, 2023, Upbit Singapore Pte. Ltd. (Upbit Singapore), secured an in-principle approval (IPA) from the Monetary Authority of Singapore (<dfn data-info=«The Monetary Authority of Singapore (MAS) is Singapore» s central bank. the mission of mas is to promote sustained non-inflationary>MAS) for a Major Payment Institution (MPI) licence, marking a pivotal step in the firm's journey to fortify its digital asset venture in the region. This provisional approval allows Upbit Singapore to persist in rendering regulated Digital Payment Token services in alignment with the Payment Services Act 2019, while awaiting the issuance of the full license.

Realty developer Lodha, listed as Macrotech Developers, has reported its best ever pre-sales performance with 12% on-year growth at Rs 3,530 crore for the quarter ended September along with continued debt reduction and robust business development. The company’s collections during the quarter rose 16% from a year ago to Rs 2,750 crore, while revenues from operations declined marginally to Rs 1,750 crore. Net profit for the period declined 42% to Rs 210 crore “We achieved our best-ever quarterly pre-sales performance at Rs 3,530 crore showing 12% on-year growth in spite of the quarter being the seasonally weakest.

SRM platform provider Responsive (formerly RFPIO) told ET while talking about the significance of AI in such capabilities. «The companies who utilize SRM, their chance of winning an RFP or tender is 16% higher,» Shankar said. «Moreover, using the SRM platform for many different teams within an organization improves revenue by 80%.»

Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares.

₹145 crore in Q2. Operating profit after tax came in at ₹240 crore for the first half of FY24, a 63% increase year-on-year. The company reported revenues of ₹492 crore in Q2, up 29% yoy, and ₹909 crore in H1, up 24% yoy.

IDFC First Bank recorded a net profit of ₹751.3 crore in the second quarter of fiscal year 2023-24 (Q2FY24), which is up by 35 percent from ₹556 crore in the year-ago period, as per the standalone results declared by the lender on October 28. The private sector bank's net interest income (NII) during the quarter under review came in at ₹3,950.2 crore, rising by 31.6 percent from ₹3,002.2 crore reported in the corresponding period of the previous fiscal. The gross non-performing assets (NPA) at the end of September 2023 quarter stood at ₹3,747.8 crore, as compared to ₹3,603.4 crore at the end of the preceding quarter.

Downtown Moncton business owner Shawn Arseneault has had to deal with trespassers twice over the past month.He owns a small engineering firm that he runs out of the first floor of his house in the east end.In early October, he had a tense confrontation with two people one of his employees found sleeping on the porch.On Tuesday, he said a woman allegedly tried to break into the property, leaving his employees to wait over an hour for bylaw enforcement officers to arrive.“She got verbally aggressive and threatening toward our staff member,” he said in an interview on Friday.He said she left before bylaw enforcement and the RCMP arrived.“It was a scary incident to say the least,” he said.Greater Moncton Chamber of Commerce CEO John Wishart said Arseneault is not alone in dealing with trespassers.“I talk to scores of business owners every week who tell me stories like Shawn Arseneault’s where he’s confronted by somebody on his premises multiple times,” Wishart said.Public Safety Minister Kris Austin said he heard from many frustrated business owners that they need better resources to deal with trespassing.“When you look at a lot of the urban areas, downtown areas, a lot of the property owners are frustrated.

Icomm has showcased a range of super-efficient and high-precision weapons at the Milipol India 2023, the Indo-Pacific's premier international event for homeland security held at Delhi. A press release from Icomm, an MRIL group company, said the weapons displayed are set to be made locally by Icomm-Caracal in Hyderabad, giving a substantial push to Prime Minister Narendra Modi's 'Make in India' call.

X (formerly Twitter), Telegram and others to either fix their content moderation algorithms or face action Israel-based social threat intelligence firm Cyabra found that from over 162,000 profiles engaged in conversations about Hamas's attacks, 25 per cent — more than 40,000 profiles — were fake.

Microsoft Teams, businesses in India will soon gain enhanced flexibility to connect with customers nationwide via fixed-line internet connections, claims Airtel. Abhishek Biswal, Business Head, Airtel IQ, said in a statement, “We are delighted to partner with Microsoft to bring an agile, flexible and innovative solution to ease one of the biggest issues facing Indian enterprises today.

AU Small Finance Bank on October 28 reported a net profit of ₹401.8 crore in the second quarter of fiscal year 2023-24 (Q2FY24), which is 17.3 percent higher as compared to ₹343 crore reported in the year-ago period. The private sector bank's net interest income (NII) came in at ₹1,249 crore in the September 2023 quarter, higher by 15.3 percent as against ₹I,083.4 crore reported in the corresponding period of the last fiscal. The gross non-performing asset (NPA) ratio of AU Small Finance Bank improved to 1.76 percent in Q2FY24, from 1.91 percent in the preceding quarter.

workspace marketplace and brokerage platform Qdesq has raised fresh funding from Gruhas, a VC with focused investments in PropTech. The company had earlier raised fund from JLL, and has now raised Rs 30 crore till date. Along with Qdesq, the company is building an enterprise SaaS platform called Qudify, which upgrades and digitizes enterprises and workspaces with QR-based visitor management, meeting rooms and complaint management system. “This is our second investment from a venture capital firm after JLL Spark.

Techmaghi has received a funding of Rs 20 lakh from startup-supporting LJ Knowledge Foundation. It would take forward the Kerala-based company's mission to bridge the gap between industries and educational institutions through up-skilling courses that meet the demands of a modern workforce, a statement said here on Saturday. The 2021-founded Techmaghi said the partnership with the Ahmedabad-based LJKF will catalyse the company's expansions towards reaching out to more students and professionals.

ITR filing: The Income Tax Department has added news schedule in Income Tax Return (ITR) form for the the assessment year 2023-24. This new schedule aims to help investors report their income from virtual assets. The name of this new schedule is Virtual Digital Assets (VDA).

Elon Musk walked into Twitter's San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X. X looks and feels something like Twitter, but the more time you spend on it the clearer it becomes that it's merely an approximation. Musk has dismantled core features of what made Twitter, Twitter — its name and blue bird logo, its verification system, its Trust and Safety advisory group. Not to mention content moderation and hate speech enforcement.

Strolling between rows of books and a seemingly endless array of other wares at Indigo Books and Music Inc.’s newest store in Toronto’s The Well building on Thursday, Heather Reisman is in her element.

TOKYO—Toyota sells more cars each year than any other company, and it had similarly big dreams when it created its own in-house technology startup in 2021. It picked an American tech whiz to run it and envisioned building software for its cars that would become a standard for the whole industry. So great were the startup’s ambitions that one of its projects was building an entire new city in the foothills of Mount Fuji where it could test self-driving cars, robots and hydrogen for power production.