CEO Financial News

On October 2, 2023, NYSE Arca and Grayscale Investments took a significant step in the regulated crypto investment landscape by filing Form 19b-4 with the SEC. The aim is to convert Grayscale Ethereum Trust (OTCQX: ETHE) into a spot Ethereum ETF. «As we file to convert ETHE to an ETF, the natural next step in the product’s evolution, we recognize this as an important moment to bring Ethereum even further into the U.S. regulatory perimeter,» said Michael Sonnenshein, CEO of Grayscale Investments.

Ripple's Singapore subsidiary, Ripple Markets APAC Pte Ltd, has successfully secured its MPI license for digital payment tokens (DPTs) from the <dfn data-info=«The Monetary Authority of Singapore (MAS) is Singapore» s central bank. the mission of mas is to promote sustained non-inflationary>MAS. The license comes on the heels of the regulatory body's in-principle approval of Ripple's application in June 2023. Singapore has been a pioneer in establishing a robust regulatory framework for DPTs through its Payment Services Act. This license enables Ripple to continue offering regulated digital payment token services in Singapore, a market that has been pivotal for the company's global operations.

By Manya Saini and Nupur Anand

delivering food - we have hundreds of women who deliver food everyday to earn a livelihood for their families, and we are proud of their work ethic," Deepinder Goyal said in a post on X. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The video is viral on social media and has accumulated more than 2.3 million views.

Oil prices edged higher on Tuesday ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with trying to prevent any regional escalation of its war with Hamas. Following a drop of more than a dollar on Monday, Brent futures rose $0.74 to $90.39 a barrel at 10:40 a.m (1440 GMT).

₹7,188 per bbl, having swung between ₹7,132 and ₹7,528 per bbl during the session so far, against a previous close of ₹7,239 per barrel. Also Read: Indian crude basket to average $87/bbl, OMCs to bear the brunt as oil surges 6% over Israel-Hamas war Iran pledged pre-emptive action from the ‘resistance front’ of its allies that include the Hezbollah movement in Lebanon, reported Reuters.

Redfin CEO Glenn Kelman analyzes the state of the housing market after mortgage rates surged past 7% on 'Cavuto: Coast to Coast.'

Israel-Hamas War: As Israel Defence Forces (IDF) continue its retaliatory airstrikes against Hamas targets in Gaza and the Palestinian death toll rises, Google CEO Sundar Pichai is finding himself in the middle of a social media storm. Sundar Pichai is facing some ire online for condemning Hamas's attack on Israel, but not speaking anything on the plight of innocent Palestinians killed in Gaza. "CEO of my former employer Google @sundarpichai has posted twice about events in Palestine in the past week.

Taylor Morrison CEO Sheryl Palmer discusses the headwinds facing the housing market after a drop in August on existing home sales on 'The Claman Countdown.'

By Svea Herbst-Bayliss

real estate services and investment major ESR Group is planning to develop a large logistics park spread over 1.4 million sq ft in Nagpur and has acquired 58 acres of land for the same. The Hong Kong Stock Exchange-listed company will be investing over Rs 400 crores for the construction and development of the warehousing hub, ESR Nagpur Logistics Park 2, which will be its second logistics park in Nagpur and its twentieth park in India. The park is being designed to accommodate 10 buildings, with each building size ranging from 67,000 sq ft to 190,000 sq ft to meet a broad spectrum of tenant needs ranging from e-commerce to third-party logistics (3PL), retail and fast-moving consumer goods (FMCG). “ESR’s investment in this new grade A asset builds upon the robust response to our first logistics park in Nagpur. Our flagship 22.5-acre development, ESR Nagpur Logistics Park 1, has been operating at full occupancy since completion in 2020 having attracted high-profile tenants from retail and e-commerce domains… Our work is focussed on driving long-term sustainable growth of the economy and uplifting local communities,” said Abhijit Malkani, CEO, ESR India. According to him, the company is looking to harness Nagpur’s strategic advantages and support the burgeoning demand for new economy spaces with this second logistics park in the city.

Air Asia CEO Tony Fernandes recently held a meetin... moreAir Asia CEO Tony Fernandes recently held a meeting shirtless, while getting a massage.

₹200 crore in the quarter ending September 2023, as per a regulatory filing made on October 17. The net profit has increased by 14.8 percent annually, as it stood at ₹174.3 crore in the year-ago period. Sequentially, it went up by 5.9 percent from ₹188.9 crore reported in the June 2023 quarter.

₹154 crore from 135 employees. The Bengaluru-based company, which also has an account aggregator licence, said the Esop (employee stock ownership plan) buyback has created 62 millionaires. “A total of 135 employees, encompassing both current and former team members from various departments, have gained membership in the Perfios millionaire club through the buyback program," the company stated.

The Indianapolis Motor Speedway Museum just got $20 million to build a high-tech classroom for visiting students. The source: weight-loss drug wealth. Two nonprofit foundations are large shareholders of Eli Lilly and Novo Nordisk, the companies selling the drugs Ozempic, Wegovy and Mounjaro popularly used to reduce weight.

According to a Financial Times report, David Solom... moreAccording to a Financial Times report, David Soloman, the current CEO of Goldman Sachs has decided to put a stop to his colourful side hustle of being a high-profile DJ.

₹316 crore and a consolidated revenue of ₹2,378 crore in the second quarter of fiscal year 2023-24, as per a regulatory filing made on October 17. Sequentially, the net profit was marginally up by 1.3 percent, as it came in at ₹312 crore in the first quarter of FY24. The growth in revenue was 3.7 percent quarter-on-quarter, as it stood at ₹2,301 crore in the April-June period.

Choice Hotels International (NYSE:CHH) disclosed it made an offer to acquire rival Wyndham Hotels & Resorts, Inc. (NYSE:WH) for $90 per share in cash and stock. The two have been in merger talks for six months but Wyndham has since disengaged, Choice Hotels states.

Bank of America (NYSE:BAC) shares gained modestly following the banking giant's third quarter results that beat on the top and bottom lines.

Global fund managers are turning bearish again and increasing allocations to cash in preparation for weaker economic growth over the next 12 months, according to a survey conducted by Bank of America.

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