CEO Financial News

Gala Games CEO Eric Schiermeyer has filed a lawsuit against the company's co-founder, Wright Thurston, alleging the theft of 8.6 billion GALA tokens worth $130 million in early 2021.

By Victoria Waldersee

In a recent captivating conversation with Rajagopal Menon, Vice President of WazirX, we ventured into the intricate world of crypto regulation both on Indian soil and in the global arena.

Elon Musk completed the buyout of Twitter, when the billionaire Tesla founder met Parag Agarwal, then CEO of the company, and the India-origin CEO came across as a «really nice guy» but that wasn't enough. Musk also found out that Agarwal lacked an important leadership quality.

equity market, will be of immeasurable value as SBI Securities enters its next stage of expansion. As a results-oriented leader, Suresh brings a dynamic, forward-thinking mindset to create innovative business and financial strategies that drive both top- and bottom-line growth," said Deepak Kumar Lalla, managing director and CEO, SBICAP Securities Ltd.

Honda Cars India has unveiled its plans to introduce an all-electric variant of the recently launched Elevate mid-size SUV by 2026. The company disclosed the pricing for the Honda Elevate SUV on Monday, with a price range starting from ₹10.99 lakh to ₹15.99 lakh (ex-showroom). Honda is now focused on delivering a pure electric version of the Elevate within the next three years.

Muthoot FinCorp, the flagship entity of Muthoot Pappachan Group (Muthoot Blue), has announced its 16th series of secured, redeemable, non-convertible debentures (NCDs), that will offer a yield up to 9.43% (per annum). «Effective yield (per annum) for the NCD holders in all categories of investors ranges from 8.65-9.43%,» the company said in a statement. The secured NCDs issued under Tranche I have been rated at ‘AA-/ Stable’ by CRISIL and are proposed to be listed on the debt market segment of BSE. Through the issue, the company plans to raise an amount aggregating up to Rs 400 crore, which is within the shelf limit of Rs 1,100 crore. The first tranche issuance of Rs 100 crore comes with a green shoe option of Rs 300 crore aggregating up to Rs 400 crore. The Tranche I issue with a face value of Rs 1000 has been open to the public from Friday, September 1 till September 14, subject to an early closure as may be approved by the Board. The NCDs under the Tranche I Issue are being offered with maturity/tenure options of 24 months, 36 months, 60 months, and 96 months with monthly, annual, and cumulative payment options across different schemes from which the customers can conveniently choose. The funds will be used for onward lending, financing, and for repayment/ prepayment of interest and principal of existing borrowings of the company and for the general corporate purposes. “Our strength is the belief and trust of our customers from across the country for more than 136 years and I am happy to announce the 16th series of NCDs from Muthoot FinCorp," said Shaji Varghese, CEO, Muthoot FinCorp. «Customers come from various walks of life, and this is a great platform for both existing customers and prospective investors to

India has been a “tremendous success” for Mercedes-Benz in the last few years and the company is revving up to invest in infrastructure and drive in the “right products” to participate in the growth story of the country, Ola Kallenius, chairman of the board of management at Mercedes Benz AG, told ET. Kallenius, who visited India earlier this year to review operations and meet policymakers and industry leaders, said: “We had a very constructive meeting (in India). And you get a sense in India, it's like the 21st century belongs to India.

₹200 crore to develop the new range in order to cater to the evolving needs of farmers. “Swaraj brand's resonance in the hearts of Indian farmers is a source of immense pride. Through this new Tractor range, we're offering latest features and technology to elevate mechanization in Indian agriculture and empower farmers to achieve higher yields and reduce effort, fostering growth and prosperity," a press note quoted Hemant Sikka – the President of the Farm Equipment Sector at M&M – as saying.

Founded in 2007, Vinculum has gained a reputation for its highly advanced technology solutions, enabling brands and retailers to achieve rapid business expansion. With a strong emphasis on D2C, omnichannel retailing and supply chain optimization, automated catalog listing, product information management, and payment reconciliation, Vinculum has proven to be a trusted partner for businesses seeking streamlined operations and elevated customer satisfaction.

A tumultuous legal battle is unfolding in GameFi as Gala Games co-founders Wright Thurston and Eric Schiermeyer lock horns over allegations of theft amounting to $130 million in Gala tokens and corporate mismanagement. 

By Paul Carsten

By Victoria Waldersee

French tier 1 supplier Valeo says the automotive industry is facing its biggest revolution as cars become more electric and more intelligent. To accommodate these new trends, cars include more software and car manufacturers are moving from a hardware-based architecture to a software-based architecture, the Software Defined Vehicle. 

The advent of digitalisation has transformed various sectors, including the real estate market. Renting homes via online platforms has emerged as a novel trend, gaining acceptance for its numerous advantages. Still, some people harbour reservations about the online rental process. Let’s explore how digital platforms are prioritising safety, transparency, and convenience in the home rental landscape.

Financial literacy is very important for everyone and getting your children started with investing can be a valuable step in teaching them financial responsibility and helping them build wealth over time. Time plays a key role when it comes to make good financial moves and grow your wealth. If you prepare your children early in life for key financial lessons, they will know how to make good use of their money and avoid committing big financial mistakes.

Elon Musk took over the social media platform X(formerly Twitter), Walter Isaacson who wrote the biography "ELon Musk" and will be published on 12 September has given a detailed account on why Elon Musk sacked Parag Agrawal, the then Twitter CEO.In an excerpt carried out by The Wall Street Journal , Musk who had a meeting with Parag Agrawal said he was a "really nice guy." "What Twitter needs is a fire-breathing dragon," Elon Musk said after that meeting, as per biographer Isaacson. "And Parag is not that." Elon Musk met Parag Agrawalover a dinner in March 2022, according to the biographer.

IndiGo Airlines board of directors have approved an additional purchase of 10 A320 NEO family aircraft from French aircraft maker Airbus. The order for ten more aircrafts adds to the already placed order for 300 aircraft, as per the company filing. IndiGo in 2019 had placed a record order of over 300 Airbus A320 NEO family aircraft worth around $33 billion at notional catalogue prices with France's Airbus.

non-convertible debentures (“NCDs") to raise an amount aggregating up to ₹400 crores, which is within the shelf limit of ₹1,100 crore. The first tranche issuance of ₹100 crore comes with a green shoe option of ₹300 crore aggregating up to ₹400 crore. The Tranche I Issue with a face value of ₹1000 has been open to the public till Thursday, 14th September 2023.

The Digital Dollar Project is the brainchild of former CFTC chair Chris Giancarlo, ex-CFTC chief innovation officer Daniel Gorfine and Pure Storage CEO Charles Giancarlo, who have set up a not-for-profit to encourage research and public discussion about a CBDC.The project worked with Western Union, BDO Unibank in the Philippines, and Accenture on the latest pilot, designing and configuring a platform using DLT to simulate the payments infrastructure necessary to transfer digital dollars to Philippine pesos. The partners say that they saw reduced counterparty and credit risk thanks to instant settlement.