CEO Financial News

Radhika Gupta, MD & CEO, Edelweiss AMC, says “I do not think the portfolio for a future India can only be a largecap centric portfolio which is what they used to be. The portfolio is going to be a lot more balanced. It cannot be a fully mid and smallcap portfolio, perhaps. But it probably will be an equal weight portfolio of large, mid and small caps. The Indian opportunity is truly multi-sectoral and multi-cap in nature.” You have come out with a very interesting note and research. What are those factors which are coming together to make this decade a potentially good decade for corporate India, for macros and which will be getting reflected in markets as well? Finally markets are an outcome of corporate profitability and of what the economy is going to deliver and as people, we spend a lot of time talking about short-term markets but really what we are investing in when we are investing in funds is investing in India and India's decade.

fintech startup Fibe (formerly known as EarlySalary) said on Tuesday that it has partnered with Axis Bank to launch a numberless credit card. The card is powered by RuPay, which allows the customer to link it with the Unified Payments Interface (UPI) system.

Nelson Peltz said his proxy fight against Disney was over in February, but Bob Iger knew the activist investor might return. The Disney CEO remained in direct contact with Peltz this year, seeking to reassure him that Disney’s $5.5 billion in budget cuts and elimination of 7,000 jobs were progressing quickly, according to people familiar with the matter.

cryptocurrency markets were trading in the red on Tuesday amid geopolitical tensions in the Middle East. Bitcoin was down 0.7% at $27,660, while Ethereum was below the $1,600 level. Meanwhile, the global cryptocurrency market cap declined 1.24% to around $1.08 trillion in the last 24 hours. Other crypto tokens also declined. XRP, Solana, and Dogecoin fell by over 2%. While Toncoin, Polygon, and Polkadot plunged over 3%. «Bitcoin’s price is consolidating above the $27500 mark due to long liquidations following the rising geopolitical tensions in the Middle East and an uptick in oil prices. Bitcoin’s value has currently risen by 66.62% over the year. If the markets turns bearish, Bitcoin will find support at around $27,195,» said Edul Patel, CEO of Mudrex.

Key Takeaways

Key Takeaways

festive season. The first step is to create a budget to establish how much you can spend. “To avoid it, set a practical budget, keeping it within 50% of your monthly income.

Manappuram Finance has entered into a Memorandum of Understanding (MoU) with construction equipment manufacturer JCB India to finance the latter’s range of equipment and engineering products. The agreement was signed by Kamal Parmar, Head, of Vehicle and Equipment Finance, Manappuram Finance, and JCB India representative the other day. As per the agreement, the finance options will be available across the country. The pact will go a long way in helping both sides increase their business volumes.

Bank of India has upgraded its savings accounts for all segments which cover salaried employees, households, individuals, youth, etc. “The bank is poised to grow its Savings customer base with these newly upgraded Savings Accounts which are now enriched with the finest features, concessions & insurance cover," said Rajneesh Karnatak, MD & CEO of Bank of India.

ESOPs are issued to the employees at a lesser price than the market price of the shares of the concerned company. “The difference between the market price and the exercise price is considered to be a prerequisite, which is taxed as salary in the hands of the recipient," said Archit Gupta, Founder and CEO, of Clear. The tax saving opportunities on them are similar to tax saving opportunities available for salaried class of people, like 80C deduction, 80D deduction, etc., Gupta added.

X on Tuesday said it has removed newly-created Hamas-affiliated accounts and purged tens of thousands of posts for sharing graphic media, violent speech, and hateful conduct amid the ongoing Israel-Hamas violence, as its CEO Linda Yaccarino cancelled her appearance at a key tech conference next week. The platform said it is also continuing to proactively monitor for antisemitic speech. «We have taken action to remove several hundred accounts attempting to manipulate trending topics. Community Notes are now live on posts and new accounts are being enrolled in real time to propose and rate notes,» said the social media network.

AuditCue on Tuesday said it has raised $1.5 million in a seed funding round led by Kalaari Capital. Other investors who participated in the round included Java Capital and angel investors from San Francisco.

Defence Minister Rajnath Singh who is on an official visit to Italy, held a meeting with his Italian counterpart Guido Crosetto in Rome and signed an agreement on Defence cooperation between India and Italy. Rajnath Singh who is on a two-nation visit to Italy and France, also held discussions on issues pertaining to defence corporation, including training, information sharing and maritime security. In a social media post on 'X', Defence Minister Rajnath Singh stated, «Had a warm and productive meeting with the Italian Defence Minister Mr Guido Crosetto in Rome.

Humanitarian groups are scrambling to assist civilians caught in the war between Israel and Hamas and determine what aid operations are still safe to continue, efforts that are being complicated by an intensified blockade of Gaza and the ongoing fighting

“The Microcap and Small cap look risky and overheated at this point of time as the stocks have reflected a sharp rise in their prices during the past few months,” says Girirajan Murugan, CEO, FundsIndia. In an interview with ETMarkets, Murugan said: “The small cap and microcap stocks are more sensitive to macroeconomic changes that lead to more volatility in the short term” Edited excerpts: Nifty hit 20200 levels and then we saw some bit of healthy profit-taking amid muted global cues. What is your take on markets for the medium to long term? Our medium to long-term view remains bullish on the Indian stock market. We believe that the current correction in the Nifty of around 4% from the all-time high has offered a good opportunity to accumulate fundamentally strong stocks for the medium to long term at reasonable valuations.

Sam Altman, the founder of Worldcoin and CEO of OpenAI, has voiced his concerns regarding the escalating efforts by the US government to regulate and exert authority over the cryptocurrency market. 

An infusion of federal pandemic relief to America's schools sparked a boom in the education technology sector, an industry where research and evidence are scarce

A financial industry group Monday called on the SEC to withdraw a proposal targeting potential conflicts of interest related to the use of artificial intelligence by financial professionals because the regulation could harm retirement savers.

Legendary investing guru Peter Lynch popularized the idea of investing in what you know and what you see with your own two eyes. So when financial advisors view the half-empty office buildings right in front of them, should they also be seeing an investment opportunity for their clients?

Postcard Hotel will launch India's most expensive hotel next year at Ranthambore in Rajasthan, with an opening price of ₹1.95 lakh per room per night plus taxes, the founder and chief executive of the luxury hospitality chain said. Besides Ranthambore, the chain will also launch seven hotels next year in locations such as Tirupati, Goa, Mashobra, Kanha Tiger Reserve and one in the Himalayas, Kapil Chopra told ET during an interview. «We are profitable at a company level. We have institutional funds working with us.

Crypto payments infrastructure firm MoonPay has unveiled a new feature in its app that enables users to swap one cryptocurrency for another.