CEO Financial News

The price of bitcoin briefly crossed the $30,000 mark Friday for the first time since August on optimism that a spot bitcoin exchange-traded fund (ETF) will likely be approved by the U.S. Securities and Exchange Commission (SEC) in the near future.

Failed crypto exchange FTX has announced an updated plan for sending 90% of distributable funds—money it has recovered—to former customers in its bankruptcy proceedings, but that doesn't necessarily mean they will get back 90% of the money they lost.FTX is expected to file the proposal in a U.S. bankruptcy court by Dec. 16.

Sequoia Financial Group is acquiring M Capital Advisors, a Nashville, Tennessee-based RIA that oversees $930 million in assets, the firm announced Friday.

Artificial intelligence is certain to change how financial advisors and wealth managers operate, with many applications streamlining and accelerating processes.

WASHINGTON (Reuters) — The top Republican on the U.S. Senate's health committee has called on the chief executive of 23andMe to provide the panel with details after data from the family genetics website was advertised for sale on the dark web.

By Joey Roulette

₹595 crore, which is 46 percent up compared to the same period in the previous year, it said in a regulatory filing on 20 October. In Q2 FY2022-23, the firm had registered a profit of ₹406 crore, it said. The Net interest margin (NIM) of the firm was up 11 percent at ₹1,729 crore in Q2 FY23-24 against ₹1,563 crore in Q2 FY22-23.

JSW Energy on Friday posted an 82 per cent rise in its consolidated net profit to Rs 850 crore for the September quarter on the back of higher revenues. «Profit After Tax (PAT, or consolidated net profit) was Rs 466 crore in the corresponding period of previous year,» a company statement said.

New Delhi (India), October 20: In the constantly evolving world of finance and investment, opportunities are explored and expanded every minute. Stockify is emerging as a notable name in this realm, pushing the boundaries of traditional investment avenues. The company is garnering significant attention from investors by offering a diverse array of financial products and services.

A new documentary “Uncharitable,” from “Paris Trout” and “Losing Isaiah” director Stephen Gyllenhaal, puts the long-running debate in the nonprofit sector over the role of overhead back in the spotlight

By Shivansh Tiwary and Raechel Thankam Job

JSW Energy Q2 results:JSW Energy released its July-September results on Friday and the company reported an 83% year-on-year rise in the net profits which rose from ₹466 crore in Q2FY23 to ₹850 crore during the quarter under review. The revenue of the company increased 30% YoY to ₹3,387 crore in the quarter ending September 2023 from ₹2,596 crore during Q2FY23.

Canadian Prime Minister Justin Trudeau had triggered a diplomatic storm by claiming involvement of Indian agents in the killing of Khalistani terrorist and Canadian citizen Hardeep Singh Nijjar. His statement led to mutual recall of some diplomats and India suspending visa services in Canada. While Canada had expressed concerns over its diplomats' safety in India, Khalistanis in Canada keep putting up large hoardings with names and photographs of Indian diplomats calling for their assassination. With the removal of Canadian diplomats from Canada, any hopes for a thaw in diplomatic ties between India and Canada have dimmed. Canada has temporarily suspended visa and in-person consular services in Bengaluru, Chandigarh and Mumbai. These will be available only at the Canadian High Commission in Delhi. India had suspended visa processing in Canada about a month ago.

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. The profit margin on median-priced single-family homes and condos nationally soared to 59% in the July-September quarter, according to a report released Thursday by real estate information provider Attom. The profit margin in a home sale represents the percent difference between the original purchase price and what it was sold for. “Prices and profits around the U.S.

Voltas has ventured into the water heater segment as part of its plan to transform into a home appliance manufacturer. Water heaters are a thriving category in the Indian market with an annual demand of around five million units. The segment has experienced consistent growth of 10-12 per cent year on year, with sales happening for ten months in a year. Pradeep Bakshi, managing director and CEO of Voltas, said with the arrival of festival season, the demand for hot water solutions have seen a considerable uptick, making this the perfect time for this new launch. «As we expand our product portfolio, we remain committed to providing our customers with smart and reliable solutions that enhance their daily lives,» he said. Voltas said besides the extreme weather conditions, the increasing real estate footprint and disposable incomes will lead to a surge in the penetration of electrical water heaters.

WhatsApp accounts simultaneously on a single Android device. Mark Zuckerberg, CEO of Meta, shared the news, highlighting the convenience this update brings to users who frequently switch between accounts.

Akasa Air might be slowly coming out of the turbulence caused by sudden pilots' exits but the airline's chief Vinay Dube is «dead set against» the idea of having any kind of no-poaching agreement between airlines, asserting that it will not be right. The airline, which has been flying for more than a year, has more than 450 pilots and the number will go up as it expands the fleet from 20 aircraft now. «We had about 330 pilots in April.

Knight-Swift Transportation (NYSE:KNX) shares gained more than 17% in pre-open Friday trading following the company’s reported Q3 results, with EPS of $0.41 coming in better than the consensus estimate of $0.36.

VanEck has lent its voice to institutional investor resistance to Origin Energy’s $18.7 billion takeover offer from Brookfield and EIG Partners, declaring it will reject the deal unless it is increased amid mounting opposition.

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ISB-accelerated EV finance platform, Perpetuity Capital, has secured Rs 5 crore in debt from Clime Finance. Perpetuity Capital is an online platform that helps delivery drivers and autorickshaw drivers avail finance to purchase electric vehicles (EVs) for commercial use.