CEO Financial News

JPMorgan Chase delivered strong profits for the third quarter along with a stern warning Friday from its top executive about the perils the world faces from multiple threats.

Wells Fargo on Friday surpassed Wall Street expectations in third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity.

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Crypto firm Tether's chief technology officer Paolo Ardoino will also become its CEO from December 2023, the company said on Friday, in a surprise management shake-up for one of the crypto world's top tokens. Current CEO, Jean-Louis van der Velde, will «transition to an advisory role for Tether», the company said in a statement.

Laurus Labs on Friday said it has received approval from Indian drug regulator the Central Drugs Standard Control Organization (CDSCO) for its CAR-T cell therapy NexCAR19 (actalycabtagene autoleucel), for the treatment of certain types of blood cancers. NexCAR19 will be the first humanized CD19-targeted Chimeric Antigen Receptor T cell (CAR-T) therapy indigenously developed in India to be approved.

ALSO READ: France Probes LVMH CEO Arnault Over Deal With Russian Businessman Local media reports indicate that the attacker may have been a former student who has since been arrested alongside his brother. An AFP update quoting police sources suggest that the perpetrator had shouted 'Allahu akbar'.

A team of three advisors has taken the decision to break away from Morgan Stanley to launch an independent RIA firm.

The complaint charges Ehrlich with fraud and registration failures in connection with the Voyager digital asset platform and Voyager’s operation of an unregistered commodity pool. The CFTC alleges Ehrlich and Voyager falsely touted the Voyager platform as a “safe haven” to earn high-yield returns to induce customers to purchase and store digital asset commodities.

₹378 crore for the second quarter of FY24, registering a growth of 15% from ₹329 crore in the same quarter last fiscal. The company’s net premium income in Q2FY24 increased 13% to ₹14,797 crore from ₹13,138 crore in the year-ago period. The first-year premium registered a growth of 6% at ₹2,566 crore as compared to ₹2,423 crore, YoY.

Though most people tend to think they are good drivers, there are hardly any reliable tools or benchmarks to judge how good they are. A new initiative from an insurance company now offers a solution to this problem, and rewards customers who drive well. Zuno Driving Quotient: What it is, how it works Zuno General Insurance has introduced Zuno Driving Quotient, a unique way to score how you drive.

BEIJING — Self-driving air taxis are one step closer to reality in China.

Cortnee Vine, Ellie Carpenter, Hayley Raso and Katrina Gorry weren’t household names when the year began, but the Matildas’ historic FIFA Women’s World Cup campaign changed things – fast.

Fixed-income investments are investments that provide a fixed or stable return on investment over a specified period of time. These can be used by investors to diversify their portfolio given these are not as risky as derivatives and equities. Because the returns in fixed-income investments are reliable, it is particularly popular amongst senior citizens.

Christen Ager-Hanssen, the Group CEO of blockchain technology company nChain, has announced his resignation, effective immediately. Ager-Hanssen took to social media on September 30, 2023, to detail the reasons behind his departure, highlighting a series of serious concerns he reported to the nChain board. Among these, he alleged a conspiracy to defraud nChain shareholders orchestrated by a significant shareholder and raised concerns about the ultimate beneficiary shareholder and the real individuals behind DW Discovery fund registered in Cayman. The former CEO also mentioned that the chairman had been taking instructions from shadow directors, which he found unacceptable.

Anand Rathi, Founder & Chairman, Anand Rathi Group and Rakesh Rawal, CEO, Anand Rathi Wealth in conversation with ET Now. Rathi says “the inflow in our equity mutual fund has increased. Now the equity mutual fund accounts for 50% of our AUM compared to 48% a year back. Even when the markets had outflow in mutual funds, we had positive inflows. We are expecting continuous inflow into mutual funds. ” You have managed to achieve your FY24 AUM guidance of Rs 47,000 crore in the first half itself. What are the underlying factors and what is the new target you are eyeing now? Rakesh Rawal: AUM is a combination of the new monies that we get, as well as the increase in the fund value on account of the market. In the first six months, the market was very positive which led to the numbers being achieved earlier. We have done exceptionally well in terms of gathering fresh funds as well. Having achieved this, obviously in the next six months, we expect to do more. And therefore our revised guidance for the end of the year is now Rs 51,000 crore. Mr Rathi, you have also managed to achieve over 50% of your revenue and profitability target. Would you be looking to revise this? Anand Rathi: Yes, we will. In fact, the last time we gave a profitability target of Rs 205 crore for the whole year. As you rightly said, we achieved more than 50%. And therefore, we are revising our target to Rs 220 crore for the whole year, increasing by Rs 15 crore profit PAT for the year.

Wheebox, India's online testing firm, on October 3 was sold to Educational Testing Service (ETS), a US-based nonprofit educational assessment organization with an aim to expand the firm's foothold globally, said the company through its press release. Following the acquisition, Wheebox which was a a subsidiary of PeopleStrong will continue to operate independently as a subsidiary of ETS.

ANZ breached its continuous disclosure obligations when it did not disclose that underwriters had filled a $790 million shortfall when raising $2.5 billion from institutional investors in 2015, a court has found.

Proxy firm CGI Glass Lewis has advised clients to vote against the election of Bill Wavish to the board of Endeavour Group, despite an aggressive campaign by the company’s biggest shareholder, pubs billionaire Bruce Mathieson snr.

South Korean prosecutors will launch a “full-scale investigation” into the former CEO of the tech powerhouse Kakao over crypto “embezzlement” claims.

₹3543 on Thursday. "The market is likely to remain under pressure because of a disappointing show by the IT majors," said Dhiraj Relli, MD & CEO, HDFC Securities.

Shareholders in Australia’s biggest gold miner, Newcrest, have overwhelmingly voted in favour of a $26.2 billion merger with US gold mining giant Newmont.