CEO Financial News

HDFC Bank: The Reserve Bank of India has approved the reappointment of Sashidhar Jagdishan as HDFC Bank managing director and chief executive officer for three more years till 26 October 2026, the bank said in a regulatory filing. Jagdishan joined the bank in 1996 as a manager in the finance function and became business head of finance in 1999. He was later appointed CFO in 2008.

As Citi prepares to restructure the bank along the lineslaid out last week by CEO Jane Fraser (fewer divisions, fewer regional heads, probably alot of cuts in controls and technology), some people inside the bank say they'd like more appreciation. 

I work for a top French bank in Paris and I am upset with the culture here. There is a huge amount of nepotism.

Russia is set to “integrate” its CBDC, the digital ruble, into its tax system, with legislation set to roll out before the year’s end.

Food ordering business Ordermentum, whose digital system is used by 40,000 pubs, clubs and cafes, has raised $16 million in fresh capital to drive growth as value-seeking diners head to pubs rather than higher-end restaurants.

Offline, a private members’ community for tech founders and CEOs for India, has raised $2 million from a clutch of angel investors including Groww’s Lalit Keshre, Razorpay’s Harshil Mathur and Shashank Kumar, Xiaomi’s Hong Feng and Alvin Tse, Ultrahuman cofounders Mohit Kumar and Vatsal Singhal, in addition to cofounders of startups such as Shiprocket, Polygon, Park+, Fashinza, GoKwik, Mosaic Wellness and others. The community platform, launched by Utsav Somani, former India head of AngelList, will build a closed-knit community of startup founders with a certain growth trajectory. “They need to meet either of these criteria to even apply – $5 million raised or $5 million in revenue or $10 million in a previous exit,” according to a statement.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since Monday: initiation at Underperform at Arm Holdings, and downgrades for Starbucks, Lazard, PayPal, Dropbox, and Arm Holdings.

By Jaiveer Shekhawat and Laura Matthews

Carlyle Group is providing a cash infusion to acquisition-hungry Captrust Financial Advisors, the latest sign that private equity is still very much interested in registered investment advisors and that deals in the space may still be ramping up.

Binance CEO Changpeng "CZ" Zhao has responded to allegations the US Securities and Exchange Commission (SEC) raised regarding Binance.US's association with wallet provider Ceffu.

The debt-financed, $1.2 billion acquisition of Avantax Inc. and its 3,100 financial advisors that Cetera announced last week is not only an indication of firms’ interest in nabbing more and more wealth management assets, but also shows how using debt to fuel such deals could further reshape the financial advice industry landscape, according to one senior industry executive.

Euphoria Season 3 is on the horizon, bringing back familiar faces and their complex tales. The series premiered on HBO in June 2019 and was renewed for a second season in July 2019, which hit screens on January 9, 2022. Season 2 of Euphoria left viewers hanging, fueling excitement for its next installment.

MUMBAI : The Reserve Bank of India has approved the reappointment of Sashidhar Jagdishan as HDFC Bank managing director and chief executive officer for three more years till 26 October 2026, the bank said in a regulatory filing. Jagdishan joined the bank in 1996 as a manager in the finance function and became business head of finance in 1999. He was later appointed chief financial officer in 2008.

Dhanlaxmi Bank was planning a dramatic exit from the board of the Kerala-based lender, another story was unfolding. The bank's largest shareholder had initiated a special resolution to remove the same director from the board a few days before he raised strong accusations against other directors in a letter addressed to the board, which was filed with stock exchanges. In his letter addressed to the board, the largest shareholder, B Ravindran Pillai, proposed «removal of Mr Sridhar Kalyanasundaram from the board of directors», said two people aware of the development at the bank. Pillai proposed a special resolution at the annual general meeting scheduled on September 30 to remove Kalyanasundaram. Pillai holds a 9.99% stake in the old-generation private bank. The bank's managing director and CEO JK Shivan declined to comment on the matter.

Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried's parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars

Instacart’s shares are surging in the grocery delivery company’s stock market debut

Instacart opened for trading Tuesday at $42, up 40% from their initial public offering price of $30. The performance signaled that investors are eager to take a chance on young tech companies — but only at the right price. Instacart's market capitalization, including all outstanding shares, totaled $13.9 billion. But even with the stock price pop, the company's valuation remained a far cry from the $39 billion that investors assigned it in the private market in 2021. It was a painful loss to investors who had bought in at that peak, sending a harsh reality check to other start-ups that raised money at inflated valuations.

foreign degree and career, spike in candidates from Tier 2/3 cities, and foreign institutes stepping up focus on the country with enhanced financial aid/scholarships, leading study abroad consultants told ET. The record Indian surge comes amid a decline in student applicants from China. For study abroad platform Leverage Edu too, the fall intake has been the largest ever.

Meta CEO Mark Zuckerberg's philanthropy venture plans to build a computing system powered by artificial intelligence for life sciences research to study human cells and diseases. The Chan Zuckerberg Initiative, created by Zuckerberg and his wife Priscilla Chan, will use the computing system to run openly available AI models, the philanthropy venture said on Tuesday.

NEW DELHI : The government is ready to offer a payment security mechanism to vehicle manufacturers who bid for its tenders for electric buses, after the failure of the previous bidding round, according to several people in the government and industry. Under the mechanism, manufacturers who participate in an ‘own and operate’ bid will be assured of payments by the state transport units for their service. If transporters fail to make timely payments, bus makers will be able to receive funds from a corpus set up by the government.

(Reuters) — Meta (NASDAQ:META) CEO Mark Zuckerberg's philanthropy venture plans to build a computing system powered by artificial intelligence for life sciences research to study human cells and diseases.