CEO Financial News

Elon Musk had a drastic response to the United States Securities and Exchange Commissions' (US SEC) new regulations regarding financial services firms, terming it a “slow strangulation of civilization". “Our civilization is being slowly strangled to death one regulation at a time," Musk posted on his social media site X, formerly known as Twitter. He was quoting a post by Robinhood App CEO and co-founder Vladimir Tenev, who detailed the repercussions of the US SEC's move on fintech companies and customers.

Web Summit Chief Executive and founder Paddy Cosgrave resigned on Saturday after comments he made on the Israel-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. «Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend,» Cosgrave said in a statement.

Kraken, a renowned cryptocurrency exchange based in the United States, has unveiled its strategic plan to acquire Coin Meester B.V. (BCM), marking a significant stride in bolstering its European presence. This acquisition, anticipated to fortify Kraken's stance in the burgeoning Dutch market, is underscored by the latter's endeavor to capitalize on Europe's friendly regulatory landscape, notably post the introduction of the Markets in Crypto-Assets (MiCA) framework.

National Association of Home Builders CEO Jim Tobin reacts to declining construction sentiment and says the government needs to 'be a helping hand.'

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Trinamool Congress has decided to maintain distance from the controversy surrounding its MP Mahua Moitra, who has been facing allegations of taking bribes for raising questions in Parliament. Darshan Hiranandani, the CEO of real estate-to-energy group Hiranandani, who allegedly paid Moitra to raise questions in Parliament about Adani Group, recently claimed in a signed affidavit that she targeted Gautam Adani to «malign and embarrass» Prime Minister Narendra Modi whose «impeccable reputation» gave opposition no opportunity to attack him. A copy of the affidavit was reviewed by PTI.

The Money Club has launched Vrddi, an employee benefits program where organizations can offer their employees financial security and loan-free funds in times of crisis. The company plans to onboard five million users across organizations in India over the next five years. Most working professionals today don’t have access to funds during crises such as medical expenses, marriage, social obligations, education, health and wellness, travel, and home repairs.

Paytm Payments Bank Ltd and One97 Communications Ltd (OCL) are two different companies which operate not just at arm's length but «at farms» length, a top official of Paytm said on Saturday. In response to a question on the impact of the RBI banning Paytm Payment Bank Ltd (PPBL) from onboarding new customers, Paytm founder and CEO Vijay Shekhar Sharma during the company's second-quarter earnings call said that the company does not need incremental customers for the growth of credit business. "Paytm Payments Bank Limited and Paytm, which is OCL, are two very different companies not just at arm's length, I call it farm length now.

The fallout from the Israel-Hamas war has spilled into workplaces everywhere, with corporate leaders from the highest ranks of prominent companies weighing in with their views while workers complain their voices are not being heard

InsuranceDekho. “I fell in love with books when I was seven and they’ve been a big part of my life since,” shares the CEO. “From the enchanting tales of Enid Blyton to the thought-provoking works of Franz Kafka, I find solace and enlightenment in the words of authors, both classic and contemporary.” Agrawal says his reading habits have changed over time but his love for learning and storytelling remains the same. “In my younger days, I would devour eight books a month. Now, with a busier life, I manage to read [about] four books a month, which is a testament to the power of books to transport me to other worlds.” And a physical book is the key to unlocking these other worlds. “Physical books are a tactile and visual pleasure for avid readers,” says the CEO. “They offer a unique experience that cannot be replicated by digital books, with their crisp pages, cool covers, and special features.” Agrawal, who is currently reading Competing in the age of AI by Karim R Lakhani and Marco Iansiti, says that he tries not to restrict himself to any one genre but reads across a wide variety of fiction, historical tomes, business books and autobiographies. “The beauty of reading lies in its boundless diversity,” he explains. Four books on his absolute must-read list for any entrepreneur or avid reader are:

Kotak Mahindra Bank on Saturday said the Reserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the bank's Managing Director and Chief Executive Officer (MD & CEO) for a period of three years. Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak who quit as MD of the bank effective September 1. At present, Vaswani is President of Pagaya Technologies Ltd — a US-Israeli AI Fintech.

Kotak Mahindra Bank, Ashok Vaswani was CEO at Citigroup Asia Pacific and a Member of the Citigroup Global Operating and Management Committees. He also built and ran various country and regional businesses across geographies. The international banker “brings with him significant exceptional experience with a high degree of compliance and industrial strength across Corporate and Consumer businesses," the company release said.

Ashok Vaswani as the next chief executive offier (CEO) of Kotak Mahindra Bank, the private's lender founder and director Uday Kotak said on October 21. “I am delighted that the RBI has approved our recommendation, Ashok Vaswani, as the next CEO of Kotak Mahindra Bank. Ashok is a world class leader and banker with digital and customer focus .

Ashok Vaswani as the managing director and chief executive officer of Kotak Mahindra Bank for a period of three years from January 1, 2024. Vaswani has more than three decades of experience in the banking sector. He was Chief Executive Officer of Barclays Bank, UK, and subsequently CEO of their global consumer, private, corporate and payments businesses.

Yes Bank Q2 results 2023: Yes Bank Limited has declared its second quarter results for the current financial year 2023-24. The private lender has managed to beat the market estimates as it has manged to report rise in net interest income (NII) on both YoY and QoQ basis.

later denied, that he earns more than AirAsia CEO Tony Fernandes who sacked him a few years ago. His monthly income may not be fixed, but one can always get a rough idea of his average income based on a back-of-the-envelope calculation. A rough multiplication shows that Taneja, with 8.6 million subscribers, uploads around 4-5 videos in a week on his channel ‘Flying Beast’.

Houston’s next mayor will tackle many challenges similar to ones faced by other large U.S. cities: crime, crumbling infrastructure, budget shortfalls and a lack of affordable housing

Despite a housing slump going back more than a year, soaring home prices in recent years and a stubborn shortage of properties on the market are helping to drive solid profit gains for sellers

Inbound charter flights, which ferry hundreds of foreign travellers to the sunny beaches on India's western shores of Goa every winter, continue to stare at cloudy skies. The prolonged geopolitical turmoil in Russia and Ukraine, the economic chill in several parts of Europe and an escalating West Asia conflict are mainly to blame.

Kotak Mahindra Bank Q2 Results Preview: Kotak Mahindra Bank is all set to announce its July-September quarter results for fiscal 2023-24 (Q2FY24) on Saturday, October 21. The leading private sector lender is expected to report a healthy quarter aided by higher net-interest income (NIIs), strong loan growth and net profit, according to estimates by analysts and leading brokerage houses. This is the first quarterly earnings results since the bank's managing director (MD) and chief executive officer (CEO) Uday Kotak resigned from his position in September, three months ahead of schedule, and passed on the baton to Dipak Gupta - who is currently serving as interim CEO till December 31, 2023.

Veteran dealmaker and CEO Larry Roth has taken a step back from financial advice but is still very active in the industry.