CEO Financial News

A multi-family office managing $7 billion in client assets has promoted two long-serving members of its team to key management roles.

₹275 crore. In comparison, the bank reported a net profit of ₹223 crore during the corresponding period last year and ₹202 crore in Q1FY24. Net interest income (NII), the difference between interest earned from lending and interest paid to depositors, increased by 14% YoY to ₹830 crore, compared to ₹726 crore in Q2FY23, while the net interest margin improved to 3.33% in Q2FY24 from 2.98% in Q2FY23.

(Reuters) -The Australian Shareholders' Association will vote against a bunch of resolutions, including the nomination of Qantas Chief Executive Officer Vanessa Hudson (NYSE:HUD) as a director of the airline and its remuneration report, it said on Thursday.

By Sarah Wu and Yimou Lee

(Reuters) — U.S. stock index futures fell on Thursday as Treasury yields climbed to fresh 16-year highs, taking the sheen off stocks in premarket trading, while Tesla (NASDAQ:TSLA) dropped and Netflix (NASDAQ:NFLX) surged after their quarterly earnings.

₹500 crore with a green-shoe option of ₹200 crore and will invest it across completed Class A rent-generating commercial properties leased to multinational and blue-chip tenants in India’s tech hubs. For its previous fund PREF I, launched in March 2021, PropShare Capital aimed to raise ₹700 crore but could only put together ₹75 crore. Through the maiden vehicle it invested in four commercial properties in Bangalore and Mumbai, which have been leased out to companies such as LG, Tata Finance and 24/7 AI.

PREF II will also focus exclusively on completed class-A income-generating commercial real estate leased to multinational and blue-chip tenants in the tech hubs of India. The proposed fund will also have a Rs.

Germany’s state-owned railway operator, Deutsche Bahn, says it has agreed to sell its European public transport subsidiary, Arriva, to U.S.-based infrastructure investor I Squared Capital

Costco says CEO W

President Joe Biden's pick to lead the Federal Aviation Administration has moved a step closer to Senate confirmation

Delta Air Lines will move more slowly in tweaking its frequent-flyer program after customers complained loudly about changes the airline announced back in September

Tesla has reported that its net income slumped in the third quarter versus a year earlier

Nick Scali shares rose on Thursday after the sofa and homewares company provided first-half profit guidance ahead of market expectations, with trading still down but steadily improving.

«So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates,» says Nilesh Shah, MD & CEO, Envision Capital. It is not alarming, but it is getting sticky. Markets are hitting a pause button. Do you think we have done for the year in terms of a level, in terms of where market would settle at? I would tend to think so that we have had a sharp kind of an up move over the last six to nine months and so, this calendar year. This financial year so far has been fantastic in terms of price moves, in terms of re-ratings and then that is got backed by strong earnings growth as well. So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates.

By Ludwig Burger

Goldman Sachs currently employs 45,900 people. In the past 12 months, it's cut 3,200 jobs. This has not, however, prevented all kinds of people from wanting to work there. 

Like Goldman Sachs, Morgan Stanley did not have a great third quarter. Also like Goldman Sachs, Morgan Stanley is paying its bankers and traders well all the same.

2023 has been a funny year in investment banks. After a poor bonus round for 2022, it might have expected that people would move in search of more lucrative seats. Instead, 2023 has been characterized by fear of moving into a new role. 

Now that all the big investment banks (JPMorgan, Goldman, Citi, Bank of America and Morgan Stanley) have reported their third quarter results, there's more clarity on the performance of investment bankers working in M&A and debt and equitycapital markets. 

Woolworths’ partial acquisition of PETstock has hit a competition snag forcing it to divest a package of stores and veterinary hospitals to try to win approval from the regulator, which found historical transactions by the pet retailer may have breached competition laws.

₹7.25 crore in pre-seed funding round led by Unicorn India Ventures and the Unmaj Group Family Office. The proceeds will be used for advancing product development and executing a strategic go-to-market rollout, the fintech said in a statement. Former NTT Data India CEO Dewang Neralla along with Geeta Chauhan and Ujwal Tamminedi, professionals in the information technology and services sector, co-founded HiWi.