CEO Financial News

Senco Gold today said it has become a member of the Responsible Jewellery Council, the world’s leading standard-setting organisation for the jewellery and watch industry. The move is a step towards the company's sustainability journey and Senco said they are the first large jewellery retailer from India to become a member of the Responsible Jewellery Council. «Trust is the cornerstone in the world of retail jewelry and we look forward to building on our association with the RJC to create an ecosystem of responsible practices as a core of sustainability strategy and fulcrum of our future endeavours,” said Suvankar Sen, Managing Director & CEO, Senco Gold. RJC's Code of Practices is the global standard for the responsible jewellery and watch industry, focusing on business ethics and responsible supply chains covering all the primary minerals and metals used in the manufacture of jewellery: gold, silver, platinum group metals, diamonds and coloured gemstones, Senco noted. India is a hugely important market for us and for the jewellery industry as a whole, said Melanie Grant, Executive Director, RJC. Senco Gold ended Wednesday's session with gains of nearly 3 per cent, while the benchmark indices closed up 0.15 per cent.

Narendra Modi on Wednesday spelt out a set of dos and don'ts to be observed by ministers during the two-day event to ensure that the visiting dignitaries are not put to any inconvenience, sources said to news agency PTI. The ministers have been asked to ditch their official vehicles and use the shuttle service to reach the Bharat Mandapam and other venues of various meetings.

The Middle East is home to some of the world’s largest sovereign wealth funds. Overseeing close to $3 trillion of assets, these investing giants have become key players in global dealmaking. 

In the post, Pichai also recounted the first email that he received from his father years back. «I’ve been thinking a lot about how far technology has come over the last 25 years and how people adapt to it. Years ago, when I was studying in the U.S., my dad — who was back in India — got his first email address. I was really excited to have a faster (and cheaper) way to communicate with him, so I sent a message.» «And then I waited…and waited.

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digital payment system, now country's first UPI ATM was launched on Tuesday. Hitachi Payment Services has introduced 'the country's first-ever UPI-ATM as a White Label ATM (WLA) in association with National Payments Corporation of India (NPCI), “ This novel offering empowers any bank customer to experience the convenience of QR-based UPI cash withdrawals," Sumil Vikamsey MD and CEO - Cash Business Hitachi Payment Services said. National Payments Corporation of India (NPCI), said, "We are delighted to empower customers with this innovative and customer-friendly enhancement for ATM transactions.

Former Morrison government transport minister Michael McCormack had competition concerns at the front of his mind in 2018 when he set limits on Qatar Airways expanding in Australia.

On Wednesday, Bitcoin saw a modest uptick, trading at $25,798, marking a nearly 0.50% increase. The financial landscape is buzzing with anticipation as Davis Polk, a prominent grayscale legal firm, ardently advocates for the SEC's approval of the Bitcoin spot ETF. 

home loan borrowers, the country's top lender is offering concessions of up to 65 basis points (bps). The last date for the concession on home loans is 31 December 2023, the lender mentioned on its website. The concessions are based on the CIBIL score.

Reliance Industries Ltd, had entered into a 50:50 joint venture with BlackRock, the world’s largest asset manager, to set up an asset management company with a combined investment of $300 million. Read here: Jio Financial joins BlackRock to launch asset management firm The two partners plan to invest $150 million each in the JV, making it the 44th player in the ₹44.39 trillion Indian mutual fund industry.

G20 Summit in New Delhi sparked a row as the word “India" was replaced with “Bharat". Rather than the customary "President of India," the term "Bharat" was used, triggering speculation within political circles, particularly among members of the Opposition INDIA alliance.

G20 presidency has helped India earn respect of other countries by focussing on inclusivity, digital infrastructure and efforts to bring in the African Union within the fold of the grouping, said Deloitte South Asia CEO Romal Shetty. In an interview with PTI, Shetty said the decision of the Indian government to hold G20 meetings in several cities has also helped in trade, tourism, besides promoting infrastructure development. With regard to the proposal to bring the African Union in the G20 fold, he said Africa is a continent of 1 billion people and its inclusion in G20 will enhance trade opportunities with Asia and rest of the world.Also Read: G20 Summit 2023 LIVE Updates: Xi skipping G20 summit seen as new setback to India-China ties «India has focussed a lot on inclusivity. Prime Minister (Narendra Modi) says that nobody should be left behind. Every voice should be heard. One of the things India has done is to bring in Africa or try to bring in Africa in G20. »Also look at it from trade perspective. My view is if you look at Africa, a billion people continent. If you look at South Asia, a two billion people continent. You are actually bringing people together. You can have trade with 3 billion people. Today the trade levels are fairly low," Shetty said.

Peter McGuire, CEO, XM Australia, says “the uncertainty across the whole sector was severely sold down as far as the producers were concerned. It has rallied very strongly in the last couple of months from that early $70s all the way through to early 90s. There seems to be further upside ahead of it. Many traders are now saying $100 is achievable in September, and I would not be surprised if it takes that number out.”What is leading to the crude rally and do you see an escalation above $90 on Brent?Yes, a couple of things.

ChatGPT alternative Ernie bot last week, reigniting a rally that has increased the company's valuation by $23 billion from last year. Baidu along with other Chinese companies like SenseTime, Baichuan Intelligent Technology, Zhipu AI, and MiniMax had launched their AI chatbot in China after securing regulatory approval for mass release.

The boss of “no-chafing” underwear group Step One says it will be a “slow and steady” recovery for the online retailer which dialled back its United States expansion plans and expanded into women’s underwear.

(Reuters) -SpaceX CEO Elon Musk tapped the rocket maker for a $1 billion loan around the time he was acquiring social media company X, formerly known as Twitter, the Wall Street Journal reported on Tuesday.

ZUG, Switzerland (Reuters) — The new expanded UBS is not too big for Switzerland following the bank's emergency takeover of fallen rival Credit Suisse, Chief Executive Officer Sergio Ermotti said on Tuesday.

Macquarie Group’s asset management arm downgraded its short-term outlook as it expects returns from potential asset sales to push out into the second half of the investment bank’s 2024 financial year.

TPG Telecom’s investors will have to wait a little longer to learn the fate of Vocus Group’s $6.3 billion bid to carve out its non-mobile fibre assets, which was revealed by Street Talk on August 1.

Investing.com — Zscaler reported Tuesday better-than-expected guidance for the current quarter and fiscal fourth-quarter results that topped Wall Street estimates as rising cybersecurity demand bolstered new business wins. 

The Bank of Canada is exploring technologies and technical ecosystems that may inform decisions relating to the development of a potential digital loonie.