CEO Financial News

some of the smartest minds out there are advising caution, does this person/platform know something which no one else does? It’s possible. But unlikely. I believe moments of greed like this one can help you lay a foundation for creating an ecosystem which can help you succeed as an investor.

tax collection at source (TCS) rate on forex outward remittances by resident individuals under Liberalised Remittance Scheme (LRS) has been hiked. Starting 1 October 2023, the new TCS rate for forex outward remittance will be applicable. The tax collection at source or TCS is collected by the seller at the point of sale.

Canberra Airport boss Stephen Byron has called on Qantas to give a free flight to every passenger on the Canberra-Sydney route who has been stuck on the tarmac after the airline’s monthly cancellations hit a record high of almost 15 per cent.

Amazon.com on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on artificial intelligence. Amazon's employees and cloud customers will gain early access to technology from Anthropic as part of the deal, which they can infuse into their businesses. The San Francisco-based startup also committed to rely primarily on Amazon's cloud services, including training its future AI models on large quantities of proprietary chips it would buy from the online retailing and computing giant.

₹952. The biography delves into various aspects of Elon Musk's life, shedding light on his personal relationships, including his involvement with multiple women and his children.

Himanshu Chakrawarti, CEO, Snapdeal. The growth in online shopping would be primarily driven by middle-class individuals who prioritise affordability in their purchasing decisions, he says. In an interaction with ET Digital, Chakrawarti talks about how Snapdeal is supporting micro, small, and medium enterprises (MSMEs) in India by acting as a bridge between MSME sellers and value-conscious consumers, enabling small businesses to reach a larger customer base and expand their businesses.

flexible office space in India are seeing demand outstrip supply as companies expand rapidly and adopt hybrid work models to offer better work-life balance. In recent transactions, companies including Microsoft, EY, DE Shaw India, Coforge, Shell, Groww, and Air India have leased substantial office space through managed office providers to facilitate operational expansion. In the period spanning Q1 to Q2, Google acquired 4,000 seats in Bengaluru, while Mastercard leased 1,000 seats in Navi Mumbai and EY secured 2,400 seats in Pune. “The adoption of enterprise seats closely aligns with the widespread acceptance and adoption of the managed space and the overall flex model,” said Neetish Sarda, founder of Smartworks, a managed workspace provider. “We have around 8 million sq ft of space under management and are in the process of closing another million square feet spread across multiple geographies.

G20 nations under India's presidency should spur the government to give a big push to the MSME sector by simplifying the regulatory process and enhancing their access to affordable capital, say experts. The commitments made in the G20's New Delhi declaration with regard to the MSMEs ought to be followed by the member nations as the sector has the potential to generate employment and promote sustained growth. The New Delhi Declaration adopted early this month said the G20 recognise that startups and Micro, Small and Medium Enterprises (MSMEs) are natural engines of growth.

SBIState Bank of India (SBI) has raised about Rs 10,000 crore through issuance of infra bonds, which carry a coupon rate of 7.4%. This is the fourth such issuance of infra-related bonds by the Bank.Bajaj FinanceThe board of directors of Bajaj Finance Ltd will meet on October 5 to consider and approve fundraising through equity instruments.SAMHI HotelsLeading investment bank Morgan Stanley has offloaded stake in Gurugram-based hotel operator SAMHI Hotels, which debuted on the exchanges on Friday.Strides PharmaStrides Pharma announced that its step‐down wholly owned subsidiary, Strides Pharma Global Pte.

Small-cap investing epitomises the essence of stock investing. While this sounds like a provocative assertion, designed more to cause a stir than to be taken literally, it’s something I believe in. I’m not dismissing picking major stocks like Infosys or Innterglobe as less than genuine equity investing.

Police in Russia have reportedly arrested an entrepreneur and “crypto influencer” known as Bitmama, aka the “Queen of Crypto,” on fraud charges.

Circle Squared Alternative Investments founder Jeff Sica says Taylor Swift's treatment of her employees has raised the bar for CEOs on «Varney & Co.»

BetterPlace. About 6.60 million frontline jobs — which include essential customer-facing roles such as sales and business development executives, call centre workers, delivery personnel, marketing executives, and housekeeping staff among others — were created in the country last fiscal year compared to eight million in FY22, according to BetterPlace's Frontline Index Report based on more than three million data points. «The decline in the overall number of frontline jobs during last fiscal can be attributed to cautious hiring by companies due to the macroeconomic headwinds,» said Pravin Agarwala, cofounder and group CEO of BetterPlace. Also, it comes after a year of aggressive hiring during FY22 when businesses opened up post-Covid, he said. The numbers may improve in the current year as the ongoing festive season is leading to a surge in demand for manpower with companies across all segments looking to hire a combination of on-roll, on third-party roll, and gig workers to meet the rise in consumption, Agarwala said. In FY23, the logistics and mobility sector replaced ecommerce as the highest employment industry for frontline workers with total demand increasing by more than 111% during the year, the BetterPlace survey showed. While demand created by ecommerce fell by 52% on year, it was still the second-largest employer, contributing to 33% of the total jobs.

Elon Musk's biography by American author-journalist Walter Isaacson saw a robust sale in the first week of its launch, selling 92,560 copies. The sale of the biography of Tesla founder and X (formerly, Twitter) — titled 'Elon Musk' — included print copies sold through September 16, according to data collected by book tracker Circana BookScan. Musk on Sunday posted on the bumper sale figure: «Cool, although it's kinda weird seeing so many close-up pics of my face.» The feat makes 'Elon Musk' biography the second best-selling first week title after Isaacson's 2011 biography of late Apple Co-founder Steve Jobs, which sold nearly 383,000 copies in its first week. The book was published just weeks after Jobs' death on October 5, 2011. Isaacson chased Musk for two years, «attended his meetings, walked his factories with him, and spent hours interviewing him, his family, friends, coworkers, and adversaries,» according to book's publisher, Simon & Schuster. He has also written best-selling biographies of Einstein and Benjamin Franklin. 'Elon Musk' also topped The New York Times' combined print and e-book nonfiction and hardcover bestseller list. It is also on Amazon's bestseller list, retailing for $20.99. The book has revealed several facets of Musk's life, including his personal relationships with multiple women.

Mint sat down with Delaporte for an interview, at Wipro’s office in Gurugram, the company announced that its chief financial officer (CFO) Jatin Dalal had resigned. Dressed in white JM Weston sneakers, blue jeans, and a white shirt, Delaporte appeared unfazed by the exits and defended his leadership style. Wipro is in the middle of a ‘tough’ transformation and people not aligned with the company’s objectives leave, he said.

The work ID, long used for gaining entry to the office, now has a new job: tracking how long people stay. Bosses are stepping up office surveillance this fall, vowing to use regular reports from badge systems to determine how many people are adhering to the return-to-work policy. Facebook parent Meta Platforms told employees in August that managers will review badge data monthly to assess whether those assigned to an office are meeting a requirement to spend at least three days a week in-person; repeated violations could result in disciplinary action, including termination.

India’s image as a leading space technology player and reaffirming its position as an attractive investment destination. India is just the fourth country after the US, Russia, and China to achieve a soft landing on the moon, and at a reasonable cost of $75 million. India’s space economy is expected to grow to $12.5 billion by 2025. The multiplier effects of space technology expertise will spill over into component manufacturing, satellite systems, telecom, and assembly, and most importantly, it will create highly skilled and high-paying jobs. India is making its entry into another high-skill Industry — semiconductors.

Sanjeev Mantri who is the current Executive Director of ICICI Lombard has been appointed as the new Managing Director and CEO of the Company with effect from December 1, 2023, said the company through its exchange filing on Sunday.

Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market. The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC, the highest rating-setting panel, was in August. «We do expect the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight.

Audi expect sales momentum to continue in the ongoing festive season with demand remaining robust for high-end cars. With offtake remaining strong, the festive season push could even see the luxury car segment posting its highest ever volumes in a year in 2023.

cricket World Cup tournament is coinciding with the festival season in India for the first time after 1987, and the industry expects the country's most popular sport to act as a catalyst, leading to growth in sales of TV, especially with bigger screen sizes as well as audio products such as battery-powered party speakers, soundbars, wireless headphones and ear buds. TV makers, including LG Electronic, Panasonic and Thomson, expect increased number of replacements of conventional and small-size TV screens with large-size smart TV panels above 55 inch screen size. Premium and ultra-premium ranges of QLED and OLED TVs are also expected to be in much demand during the World Cup from October 5 to November 19. The industry expects overall sales growth of 18 to 20 per cent, and in continuation of the previous year a higher growth of over 30 per cent from premium products such as large screen TVs, higher capacity refrigerators and washing machines. Like in earlier season, the industry is gearing up with offers and interest-free finance schemes to woo customers with new launches along with high-decibel 360 degree campaigns.