CEO Financial News

The federal government is forcing Canada’s big banks to take unresolved customer complaints to a single independent dispute-resolution body — one that three of the country’s largest financial institutions have stopped using over the years as a result of disagreements over how it dealt with complaints.

LTIMindtree on Wednesday announced that it's consolidated net profit fell by a marginal 2% to Rs 1,162 crore in the September quarter. It was Rs 1,188 crore in the year-ago quarter. The profit, however, beat the ET Now Poll estimate of Rs 1,120 crore. Revenue from operations, meanwhile, jumped 8% to Rs 8,905 crore in the second quarter.

symphony is over! For David Solomon, CEO by day and DJ by night, the music has stopped, literally. Solomon, the Chief Executive Officer of Goldman Sachs, doubled up as a high-profile party DJ in his time away from the boardroom. But that musical soiree is now over for this corner-office occupant after the bank's board showed concerns at the adverse attention that his non-work stint was drawing.

₹721 crore. Bandhan Bank's Net Interest Income has grown to ₹ 2,443 crore in Q2 FY24 from ₹ 2,193 crore in Q2 FY23.

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Aditya Birla Sun Life Mutual Fund announced the launch of the Aditya Birla Sun Life US Treasury 3-10 Year Bond ETFs Fund of Funds, an open-ended fund of funds scheme investing in units of ETFs focused on US Treasury Bonds having maturity between 3-10 years.

Bandhan Bank on Wednesday said its net profit more than tripled for the quarter ended September 2023 to Rs 721 crore. The net profit rose by a massive 245%, compared with Rs 209 crore in the last-year period. Net interest income (NII) of the lender grew 11% year-on-year (YoY) to Rs 2,443 crore in the second quarter from Rs 2,193 crore in the same quarter of last year. Operating profit for the quarter rose 2% to Rs 1,583 crore as against Rs 1,553 crore in the same period last year. The net interest margins stood at 7.2% in the reporting period, better than 7% in year-ago period.

NeoLiv, residential investment and development platform, founded by Mohit Malhotra, former MD and CEO of Godrej Properties plans to launch at least 10 projects with the revenue potential of Rs 12,000 crore on the next 3-4 years. NeoLiv has already secured the permission from the Securities & Exchange Board of India (SEBI) for a category II Alternate Investment Fund (AIF) with a plan to raise $ 150 million including a green-shoe option of $60 million. It plans to develop 10 residential projects in Delhi and Mumbai using the first round of fund. “We have identified 13 projects in Delhi-NCR and Mumbai and due diligence is on. We should be able to announce our first project in 2-3 months,” Malhotra told ET. Wealth and alternates-focused asset firm 360 ONE, erstwhile II FL Wealth & Asset Management, has entered into a strategic partnership with strategic partnership with NeoLiv by making a minority entity-level equity investment. “In the real estate sector, financial institutions and developer are two separate institutions but we have brought it together.

Quilter CEO Steven Levin

Toncoin and Tron were trading in the green, while Ethereum, XRP, BNB, Cardano, Dogecoin, and Polkadot were trading in the red. The global cryptocurrency market cap surged 0.76% to around $1.09 trillion in the last 24 hours. Bitcoin was up 1.1% at $28,586 as of 12:39 p.m., while Ethereum was below the $1,600 level. «Bitcoin has maintained a trading position above the $28,300 mark in the last 24 hours. This price movement is driven by growing excitement among investors about the potential approval of a Bitcoin Spot ETF in the United States,» said Edul Patel, CEO of Mudrex. «BTC has successfully reclaimed the 200-day Simple Moving Average (SMA) and is currently holding above it.

Syngene Q2 results: Syngene International has cut its FY24 growth guidance to mid-teens on a constant currency basis compared to earlier guidance of high-teen growth. The share price of Syngene corrected more than 7%. The challenges are posed in the Discovery Sciences segment.

home loan helps a great deal to achieve this target. Accordingly, it’s not a surprise to see several companies offering home loans for people from different walks of life. A report by the Reserve Bank of India (RBI), released in March, indicated that there was a significant decadal growth in home loan advances of almost 6 per cent to 14.2 per cent in March 2023 from 8.6% in March 2012.

LAGUNA BEACH, Calif.— Artificial intelligence will likely lead to seismic changes to the workforce, eliminating many professions and requiring a societal rethink of how people spend their time, prominent tech leaders said Tuesday. Speaking at The Wall Street Journal’s Tech Live conference on Tuesday, OpenAI CEO Sam Altman said that the changes could hit some people in the economy more seriously than others, even if society as a whole improves. This will likely be a hard sell for the most affected people, he added.

mutual funds in the past one year ending September 30, 2023. The mutual fund schemes witnessed an inflow to the tune of ₹22,837 crore, next to only small cap mutual funds and around 18 percent of the total equity inflows. Around 75 percent of the flows came through new fund offers (NFOs).

STOCKHOLM (Reuters) -Truck maker Volvo (OTC:VLVLY) reported on Wednesday a bigger than estimated rise in adjusted operating profit and said it expected the major European and North American heavy trucks markets to be strong this year but would slow next year.

Wagering giant Tabcorp could face a strike against remuneration for the first time since 2018, as proxy firm Ownership Matters and ISS joined the Australian Shareholders’ Association in urging shareholders to vote against the proposed salaries of its CEO and directors.

The former boss of Victoria’s rail agency breached its code of conduct by suggesting that a government joint venture should grant him an equity stake, the state’s auditor-general has found after investigating how $20 million of taxpayer funds were lost on a company created to remotely monitor bridges.

By Sarah Wu

Nourish Ingredients, a company with backers including superannuation fund Hostplus and Hong Kong billionaire Li Ka-shing, is preparing for a capital raising next year as it rolls out a breakthrough product it says makes plant-based “meat” so much better.

Origin Energy chairman Scott Perkins has told shareholders that the board took into account the improved outlook for the business when agreeing to an $18.7 billion takeover offer from two North American suitors.

Shares in Australian debt collecting giant Credit Corp have slumped almost a third after the company took a tumble on chasing money owed in the US.