CEO Financial News

According to data from ANSR, while the absolute GCC hiring numbers are still smaller than the IT services hiring numbers, GCCs in India are expected to create 3.64 lakh jobs in 2023 in the country. Of the varied sectors, Xpheno data says 25% of the net additions will come from the banking and financial services sector. And the skills in demand will include software developers, engineers, data scientists, AI/ML scientists, cloud experts and cybersecurity professionals.GCCs have been operating in India for years. The key question for many today is what’s new about the current wave of GCC hiring? Vikram Ahuja, MD of ANSR and CEO & Co-Founder of Talent500, says while there are already 1,600 GCCs employing 1.5 million professionals, growing at 12% year on year, the last 2 years have been transformational. The GCCs are seeing the strongest pipeline ever for their work. He pins the reasons on some specific factors: “The pandemic normalised the idea of remote work. GCCs gained more mainstream acceptability. GCCs, in many cases, outperformed standard organisations on important metrics such as business continuity and information security, which are critical for large global companies. In a way, it served as a litmus test.”

Andrew Croft (pictured) has been at SJP over the last three decades and took over as CEO in 2018.

Solidus Labs, a leading entity in crypto-native trade surveillance and risk monitoring, has recently unveiled that a minimum of $2 billion worth of cryptocurrency has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. This revelation is part of Solidus Labs' latest Crypto Market Manipulation Report.

Salaar’, and Ranbir Kapoor’s gangster drama ‘Animal’ have been postponed due to production delays.

Mumbai: IndiaFirst Life Insurance Company Limited (IndiaFirst Life) has introduced a novel offering -- IndiaFirst Life Guaranteed Single Premium Plan. This unique plan is designed to provide individuals with a seamless blend of financial protection and savings.

«If I were to look at the production and sales numbers of, let us say, the automotive OEM segment, particularly the passenger vehicles, both the sales and the production numbers for the month of August show an increase of almost 12% over the same period last year,» says Harsha Kadam, MD & CEO, Schaeffler India.Let us start off with the acquisition. What kind of revenue and margin impact do you see?Well, at the point time when we made the acquisition, Koovers already had a turnover of about Rs 77 crores and we have bought the company at about 140 odd crores. And we have a clear strategy to scale this up and as I mentioned earlier, today Koovers is operating only in the South of India and we want this to be scaled up to a pan-India level. So, obviously this can only mean an upward growth in the sales volumes.But last quarter you did see strong performance in the auto aftermarket and industrials, which was partly offset I guess by the muted show in auto OEMs. Are you seeing any recovery in that segment?If I were to look at the production and sales numbers of, let us say, the automotive OEM segment, particularly the passenger vehicles, both the sales and the production numbers for the month of August show an increase of almost 12% over the same period last year.

The head of Binance.US, the US offshoot of the largest crypto exchange Binance, has left the digital assets giant as the company is reportedly cutting its workforce by one-third.

European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan.

₹7 lakh a year through international credit and debit cards will be subject to TCS levy at the rate of 20 per cent effective 1 October 2023. Yes, taxpayers can claim a TCS refund in your Income Tax Return.

ASK Property Fund, the real estate private equity arm of the ASK Group, has invested Rs 225 crore in property developer Kumar Realty’s residential project, part of an integrated township Megapolis in Pune’s Hinjewadi. The investment has been made through its recently raised fund, ASK Real Estate Special Opportunities Fund IV (RESOF IV). It raised over Rs 1,500 with the close of this sixth fund including co-investments from investors. The project is focused towards affordable and mid-income segment homebuyers.

KEC International share price jumped more than 11% on Wednesday to hit a 52-week high after the infrastructure company secured new orders worth ₹1,012 crore across its various businesses. KEC International shares rallied as much as 11.22% to a 52-week high of ₹739.00 apiece on the BSE. KEC International said its civil business has secured orders from new clients in the Data centre and FMCG segments in India.

Viva Energy shares have collapsed nearly 10 per cent this week, after Dutch oil trading giant Vitol sold a 16 per cent stake in the Australian company which supplies a quarter of the nation’s fuel.

The bid price for Origin Energy from its North American suitors needs to be boosted towards $10 a share or higher to reflect the big lift in the takeover target’s business since it was agreed, Macquarie has told clients.

Over 20,000 crypto tokens have been manipulated via decentralized exchange (DEX) wash trading in the last three years, according to market surveillance firm Solidus Labs.

Personal Loans start at 10.10% p.a. – a discount of up to 80 basis points, with a nil processing fee and higher loan limits of up to ₹20 lakh. The Bank has introduced a fixed rate of interest option.

Binance US chief executive Brian Shroder will leave the company and be replaced by general counsel Norman Reed on an interim basis, the crypto trading platform said. The exchange will also cut more than 100 positions, said a spokesperson for Binance US, the purportedly independent partner of Binance.

BP has resigned after he accepted that he was not «fully transparent» in his disclosures about past relationships with colleagues, the company said Tuesday.Bernard Looney, 53, took on the role in February 2020. He is stepping down with immediate effect and will be replaced by Chief Financial Officer Murray Auchincloss on an interim basis, BP said. A statement from the firm said its board reviewed allegations relating to Looney's conduct «in respect of personal relationships with company colleagues» in May last year.

Crackerjack Foods, a privately owned Melbourne manufacturer of potato cakes, has been bought out by US french fries giant Lamb Weston, which is backing the potato cakes and hash browns market to grow strongly as Australians demonstrate a preference for pub dining over restaurants.

Ryanair Holdings chief executive officer Michael O’Leary blasted Italy’s new cap on airfares as “illegal” and impossible to comprehend, threatening to scale back some of the discount carrier’s flights on popular domestic routes if the government holds onto the measure.

Paolo Ardoino – the outspoken CTO of Tether and Bitfinex – is set to testify this week as part of a years-long class action lawsuit against both exchanges after the executive's attempt to delay deposition was rejected by the court. 

On New Year’s Day in 2024, there will be a new CEO at Homrich Berg.