CEO Financial News

«I think you have to see our growth and where the growth is coming from. I think we have domain specialisations. So, our two domains actually got subdued during the COVID crisis, which is the vehicle finance as well as the microfinance and we were very conservative on that,» says Sumant Kathpalia, MD & CEO, IndusInd Bank. Bulls on the wall really are a mascot of how good you are feeling about the world and how good you are feeling about India. Yes, I think, in a very difficult macro and the world macro, India, it continues to outshine and I believe it has just started. I think the next decade belongs to India and I am completely convinced that whatever our regulators and the ministry is doing will only fuel the growth in the Indian economy. Let us talk about specifics of IndusInd Bank. If I take the clock back, let us say, five-six quarters ago, IndusInd Bank was growing in mid-teens. Now you are growing in early 20s, much higher than the industry average. You are growing without raising capital. Your CASA is in place. So, can I say that now the bank is firing full cylinders? I think you have to see our growth and where the growth is coming from. I think we have domain specialisations. So, our two domains actually got subdued during the COVID crisis, which is the vehicle finance as well as the microfinance and we were very conservative on that.

Five major proxy advisers recommend investors reject Qantas’ executive pay scheme and have demanded more details over why the board has not sanctioned the airline’s management financially over an adverse High Court ruling and its flight credits saga.

The independent chairman of the new advisory group overseeing ASX’s CHESS replacement, Alan Cameron, said it will not act as a rubber stamp for the market operator’s decisions on the new clearing and settlement system for the equity market.

Sydney-based private equity firm Crescent Capital has appointed Deloitte to help sell its swimwear business Tigerlily, known for its bohemian prints and feminine styles, three years after emerging from voluntary administration.

Debashis Chatterjee, CEO & MD, LTIMindtree, says “while last year we were very confident that we should see good growth but having seen the Q1 and Q2, it is probably not fair to call out anything specifically. But as I said, we are fairly confident that our second half will be better than the first half. So you can do the math and we have to probably wait for another quarter to see where we eventually end up. But definitely we are confident that the second half will be better than the first half.” Let us just start by talking about your numbers. You sounded very confident about your second half being stronger than the first half of FY24. What gives you such confidence? We have always been saying that this whole year has a very cautious outlook and now we can confidently say that the cautiousness will continue through the rest of the calendar year. But having said that, we have closed many opportunities in Q1 and Q2 which are ramping up and so in spite of the challenges that we see in Q3 in terms of furloughs, in terms of some ramp down etc, but given the fact that there are a lot of ramp-ups also which will happen we are very confident that our second half will be better than the first half of FY24.

Humanitarian donations to conflict-ravaged Haiti have dramatically declined since the assassination of its President Jovenel Moïse in 2021

Union Pacific's third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations

CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight

The Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans

San Francisco business leaders launched a new $4 million marketing campaign ahead of a global economic summit expected to bring tens of thousands of visitors to the embattled city

The cost of financing a home surged again this week, keeping the average long-term U.S. mortgage rate at its highest level since December 2000

U.S. stocks ended lower on Thursday, with shares of Tesla down sharply and Treasury yields surging after Federal Reserve Chair Jerome Powell spoke about monetary policy and investors worried whether rates would stay higher for longer. Tesla shares dropped a day after the carmaker missed Wall Street expectations on third-quarter gross margin, profit and revenue, and its CEO Elon Musk said he was concerned about high interest rates affecting demand. Treasury yields rose further and the benchmark 10-year note yield was at a 16-year high of almost 5%. «The 10-year looks like it's establishing a new higher trend, which… is putting pressure on equities, at least in the short term,» said Oliver Pursche, senior vice president, advisor for Wealthspire Advisors in Westport, Connecticut. «Markets were hoping that Jay Powell would indicate that the Fed is going to pause in its interest rate hikes, and he effectively hinted at the idea that they're going to have to raise again if they continue to have elevated concerns over inflation.» Powell said at the Economic Club in New York that U.S.

Permissionless perpetual trading platform SynFutures has recently secured $22 million in a Series B funding round.

(Reuters) — WeWork's Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on Thursday, days after it named interim chief David Tolley as permanent CEO.

Gerber Kawasaki CEO Ross Gerber has the latest on the company's earnings on The Claman Countdown.

Thales CEO Patrice Caine hinted at in a recent interview with ET. India has the right market size and produces qualified manpower to use this to its advantage. Already, technology companies use India as a base for developing new products or improving existing ones.

If you know how to use your credit cards wisely, it can help you save a lot of money. Often, we keep a credit card just to make transactions and fail to make full use of its features and offers that are available on our credit cards. However, you must know the features of your credit cards and when you are eligible to use more discounts and offers online and offline.

Gold Price in India Trends and Prediction (October 2023): The retail price of pure 24-carat gold has jumped around Rs 2500 per 10 grams in the last 10 days. At the time of writing today, 24-carat Gold was selling at around Rs 60,490 per 10 grams in Mumbai as against Rs 57,980 on October 9, 2023.

ALYF is a tech-enabled fractional ownership platform that makes holiday home ownership accessible & hassle-free through its smart ownership model. Currently having 9 projects in locations such as Goa, Lonavala and Alibaug, it has plans to expand to international destinations by the middle of next year. And over the next 12 months, its goal is to have over 100 holiday homes in its portfolio.

The real estate sector on a reported basis accounted for more than 50% of the total realizations under IBC (Insolvency and Bankruptcy Code). However, subsequent to release of data by IBBI, a large key case went sub-judice following admission of an appeal before the Hon’ble NCLAT, resulting in the real estate sector accounting for 18.8% of total realizations under IBC. This compares very well to total realizations of 1.2% in the period between its inception in FY17 and September 2022 as indicated in an earlier report, finds a joint report by property consultants ANAROCK and leading law firm Khaitan & Co.

A team that oversaw $1.37 billion in client assets at Merrill Lynch has joined RBC Wealth Management, the firm announced Thursday.