CEO Financial News

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Commonwealth Bank chairman Paul O’Malley said a $2 million contribution to the Yes campaign for a Voice to Parliament is consistent with the bank’s values, after some shareholders argued it should not be allocating bank capital to support what they considered a political campaign.

MUMBAI : Insurtech startup InsuranceDekho on Tuesday said it has raised $60 million in a Series B funding round led by Japan’s Mitsubishi UFJ Financial Group (MUFG); insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo; Beams Fintech Fund; and Yogesh Mahansaria Family Office. A person aware of the transaction said the investment valued the company, the insurance unit of used-car platform CarDekho, at around $600 million. While a large part of the funding round is equity, a small portion has been raised via debt, the company said.

A summer of blackouts has emerged as a real risk of Australia’s creaking power system, increasing the likelihood of extra government intervention in a desperate bid to close the gap between the reality of the faltering energy transition and the ambition of 2030 climate targets.

Investing.com — U.S. stocks were rising on Tuesday, boosted by dovish comments from Fed officials that suggested the central bank could be near the end of its rate hikes.

Authenticity is one character trait that is driving women toward success, especially in the wealth management industry. So why is it important?

secret ballot elections for the purpose of granting recognition to unions. In a letter addressed to the Railway Board Chairperson and CEO, the NFIR said the Railway Ministry had decided to conduct secret ballot elections in 2019 and as a follow-up, final modalities were circulated to all zones on August 16 that year.

PepsiCo on Tuesday said its Indian business delivered a «double-digit growth» in beverage unit volumes in the third quarter of 2023. However, its «convenient foods business» had a «mid-single-digit» decline in unit volume in the September quarter, according to a global earnings statement from the food and beverages major.

Navneet Munot, MD and CEO of HDFC Asset Management, has been elected as the Chairman of Association of Mutual Funds in India (AMFI). Navneet Munot is a Chartered Accountant and a CFA charter holder and has over three decades of experience in financial services. “I am hugely excited about the opportunities that lie ahead for the industry. I look forward to collaborating with my industry colleagues and working under the guidance of our regulator SEBI to propel the mutual fund industry to even greater heights. Together, we'll strive to enhance the financial well-being of our investors and bring greater prosperity to our nation. For AMFI as an organization, I look forward to continuing the strong legacy and building on the AMFI 2.0 strategy that has been outlined to strengthen AMFI.”

By Luc Cohen and Jody Godoy

Click here! Anthony Heredia will take over the charge from Radhika Gupta, CEO, Edelweiss Asset Management on October 16. He is a Chartered Accountant and has over 26 years of experience in the investment management industry.

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The Supreme Court has rejected an appeal from former coal company executive Don Blankenship, who argued that major news outlets defamed him by calling him a “felon.”

PepsiCo’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices

With a strong emphasis on prioritizing the ultimate consumer experience, Terrific Minds designs customized solutions utilizing leading-edge platforms such as VTEX. Since 2015, the company has been working with global businesses to reimagine their ecommerce and deliver 10 times value across all domains - be it web design, app development or workflow management.

HR Evolution Perspectives 2023 report reveals that CXOs across India today project high growth and profitability in the coming few years. While 83% of CXOs across India say they expect revenue growth in the upcoming years.

Fibe, (formerly known as EarlySalary) and Axis Bank have partnered to launch India’s first-ever numberless credit card for tech-savvy Gen Zs. With a numberless credit card, customers get an added level of security as there is no card number, expiry date or CVV printed on the card plastic. This reduces the risk of identity theft or unauthorised access to customer’s card details ensuring absolute security and privacy. 

Electric vehicles and their potential impact on job security have become central to negotiations in the U.S. autoworkers strike

Stratos Wealth Holdings has hired a new national business development manager as it seeks to grow its reach across the U.S.

“It’s much more fun to give while you are alive than to give when you are dead,” said Chuck Feeney, one of America’s most prolific philanthropists.

Energy ministers from Australia’s two biggest states have called for the nation to “get on” with building transmission networks as TransGrid boss Brett Redman warned the electricity operator was prepared to compulsorily acquire properties along the route of the proposed 360-kilometre HumeLink.