CEO Financial News

Securities and Exchange Commission (SEC) Chairman Gary Gensler remained tight-lipped as usual when asked about the state of spot Bitcoin ETF applications being handled by the agency on Wednesday.

Cryptocurrency exchange FTX has issued a renewed public warning about phishing emails and scam sites that are designed to impersonate its Debtors' portal. The alert was disseminated via the company's official Twitter account on October 5, 2023. In the tweet, FTX explicitly stated, «Please remain aware of phishing emails that look like they are from FTX Debtors and scam sites from channels that may appear to look like the FTX Debtors' online claims portal (https://claims.ftx.com). Reminder: FTX Debtors will never ask you to connect your wallets.»

Mumbai: Private equity firm Faering Capital has acquired a $30 million stake from Multiples Alternate Asset Management and others in Vastu Housing Finance Corp., the two firms said on Thursday. The transaction is a secondary sale by funds managed by Multiples Alternate Asset Management and other shareholders of the company, the company said. “Housing finance and specifically affordable housing are multidecadal opportunities in India.

By Divya Rajagopal and Neha Arora

South Indian Bank reported 23% growth in net profit for the quarter ended September'23 on better credit quality and improved profitability. The bank declared net profit of Rs 275 crore for the September 2023 quarter compared to Rs. 223 crore in the same period a year ago.

DTCC says the deal, set to close within weeks, will position it as a leader in bridging best-in-class industry practices with advanced digital technology to encourage acceptance and adoption of digital assets. Securrency will become a fully-owned subsidiary of DTCC and will operate under the name DTCC Digital Assets. Nadine Chakar, CEO of Securrency, will lead the unit and be joined by around 100 other staffers. DTCC has a long history of exploring digital assets and distributed ledger technology.

The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come.

VinFast's (NASDAQ:VFS) CEO, Le Thi Thu Thuy, has stated that the company anticipates the ongoing sales of electric cars and scooters to a connected ride service, owned by the founder, to persist throughout 2024.

Investors worry about the future of U.S. airlines as concerns about a weakening economy and rising costs overshadow the ongoing travel boom. This has led to a decline in airline stocks, despite positive earnings reports indicating strong consumer demand for travel.

Smarter Dharma, a sustainable solutions platform for real estate firms, has raised $500,000 in seed funding from Zerodha’s Rainmatter, Gruhas and Anthill Ventures, among others. The Bengaluru-based startup works towards reducing the carbon footprint of companies in the real estate sector.

Zoya from the House of Tata unveils ‘Her Becoming’, a collection of rare jewels in white diamonds that translate the iconic geometry of ancient Ikat into wearable art. The design direction imbues meaning into every piece, celebrating the Zoya woman as she truly and completely comes alive, the ultimate auteur of her life. The collection was launched by the CEO of Titan’s jewellery division, Ajoy Chawla and Zoya’s brand ambassador, Sonam Kapoor.

Digital lending startup Yubi on Thursday announced the launch of its online bond platform Aspero, which allows retail investors to trade in multiple listed bonds across various rating categories. The platform provides investors the opportunity to enter the bond market with investments as low as Rs 1,000, offering yields ranging from 9% to 14% for bonds rated in the investment-grade category, the company said. Also, it does not impose any transaction fees, and users can conduct transactions beyond regular market hours and even on holidays.

The suit relates to a failed partnership between Gemini and DCG unit Genesis on the former's Earn interest-bearing product. Last year, customer assets were frozen after Genesis halted withdrawals following the FTX collapse. The suit alleges that Gemini lied to investors about Earn, repeatedly assuring customers that investing with Genesis through the programme was low-risk investment despite the fact that its own internal analyses showed that the company’s financials were risky.

Tata Steel Long Products Ltd on Thursday said the National Company Law Tribunal (NCLT) has approved the amalgamation of the company with Tata Steel Ltd. Tata Steel is to merge Tata Steel Long Products and six other subsidiaries with itself.

Tata Motors said it will acquire a 27% stake in digital logistics solutions platform Freight Tiger for Rs 150 crore, with an additional investment of Rs 100 crore over the next two years, according to a company filing on the BSE on Thursday. Freight Tiger is a digital platform that provides end-to-end logistics value chain solutions for cargo movement across India. It connects shippers, carriers, logistics service providers and fleet owners to a single digital marketplace, along with other Software as a Service (SaaS) solutions to streamline logistics interactions such as freight tracking, assignment, carrier matching, documentation, and payment processing.

Traditionally, CXOs were primarily responsible for overseeing the day-to-day operations of their organizations, ensuring profitability, and managing risk. While these responsibilities remain crucial, the demands of the modern business environment have reshaped the role of CXOs. They are now expected to be visionary leaders who not only steer their organizations but also lead them through complex transformations in response to digital disruption, market shifts, and evolving customer expectations. Best Professional Courses on

By Aditya Soni and Akash Sriram

Biocon Biologics on Thursday announced it has appointed Kedar Upadhye as its new CFO. Upadhye will be replace current CFO MB Chinappa who will take up strategic finance role at Biocon Group and will work with Peter Bains, the recently appointed Group CEO of Biocon. The leadership changes will be effective October 31, 2023, Biocon Biologics said in a statement. «He (Kedar) joins us at an inflection point in our journey to become a leading global biosimilars company as we look to consolidate and unlock value in the acquired business,» said Shreehas Tambe, CEO and MD of Biocon Biologics. «I am confident that he will build further on the strong foundation and with his expertise and experience work closely with all stakeholders to drive growth and deliver on our business goals,” Tambe added. Upadhye brings with him over 23 years of experience in senior global leadership roles at leading pharma, energy and FMCG companies such as Cipla, Dr.

Binance France's general manager has decided to step down from her role after one year and six months, adding her name to the list of senior executives to leave the largest crypto exchange this year.

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