CEO Financial News

Systematic investment plans through mutual funds (MFs) are the best way to meet your long-term financial goals. Financial planners or advisers will vouch for that. Yet, not many retail investors stay committed to their long-term plans. Only 54% of retail money remained invested in equity mutual funds for more than two years in 2020, as per data from the Association of Mutual Funds in India. The rest was redeemed for various reasons. Notably, investors do have the option of borrowing money against their MF units. Not many are exercising this option. Thus, a very small fraction of assets under management of the MF industry has been pledged. Firms like Bajaj Finance and Mirae Asset Financial Services, and startups such as VoltMoney are now working to change this scenario.

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Sheryl Hickerson believes so strongly in the power of networking that she decided to build her own community of women in financial services. Hickerson serves as CEO of Females and Finance, but she stumbled upon her career in financial services quite by accident. 

The warm months of 2023 haven’t been a vacation for Charles Schwab Corp.

By Marta Nogueira

Former Prudential group CEO Mark FitzPatrick

Qraft Technologies, a fintech firm aiming to drive growth in the asset management industry through its innovations in artificial intelligence (AI) and investing, has announced a strategic alliance with Hex Trust, a fully-licensed and insured digital asset custodian led by veteran banking technologists and award-winning financial services experts. This partnership, solidified by the signing of a Memorandum of Understanding («MoU»), will see Qraft developing digital asset products rooted in its AI-driven asset allocation models, tailored specifically for Hex Trust's clientele.

CME Group, a leading global derivatives marketplace, in collaboration with CF Benchmarks, a prominent provider of cryptocurrency benchmark indices, has announced the launch of two new APAC-specific reference rates for Bitcoin and Ether. These rates, named the CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP), are set to be introduced on September 11. They will offer a daily reference rate for the U.S. dollar value of these two digital assets, with the publication time slated for 4 p.m. Hong Kong/Singapore time.

India is one of the biggest edtech centres in the world and is among the key markets of US-based Anthology, its recently-appointed CEO Bruce Dahlgren said. Anthology, a global edtech company, is operational in 80 countries and has 150 million consumers. It is present in India since 2000 and has three offices — two in Bengaluru and one in Chennai. «I made it a point to ensure that I come to India in my first few weeks itself because of the importance of technology and the people here,» Dahlgren, who is visiting the country for the first time after taking charge of the Florida-based company a few weeks earlier, told PTI. Without sharing details about its India presence, the company said they are among the global leaders in the edtech sector. Dahlgren said more than 25 per cent of its employees are Indian. «Much of the innovation and concepts around the future come from India.

The Wall Street Journal reported Wednesday that federal prosecutors are looking into Tesla’s (NASDAQ:TSLA) vehicle performance claims following a July story by Reuters outlining the electric automaker’s scheme to exaggerate the potential driving distance of its vehicles.

Polestar Automotive (NASDAQ:PSNY) reported 2Q EPS of ($0.14), $0.01 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $685.2 million versus the consensus estimate of $686.4M.

(Reuters) — Over 300,000 homes and businesses were still without power along the U.S. East Coast from Florida to North Carolina after hurricane Idalia battered the region overnight, according to data from power outage tracker PowerOutage.us.

JCPenney says it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain

Indian Railway Management Services (IRMS), Member (Operations & Business Development), Railway Board to the post of Chairman and Chief Executive Officer (CEO), Railway Board in thn Apex scale [Pay Level -17 as per 7th CPC] for a period w.e.f. the date of assumption of charge on or after 01.09.2023 till the date of her superannuation and her re-employment on the post w.e.f.

PTI. According to SEBI, the committee -- constituted in March 2015 and had 20 members when it was last rejigged by the regulator in February 2022 -- has now 25 members. Chaired by Infosys co-founder N R Narayana Murthy, the committee has submitted three reports on the AIF (Alternative Investment Fund) industry.

Klarna Bank reported on Thursday a much smaller six-month operating loss than a year earlier and said it had reached profitability on a monthly basis ahead of target. The January-June operating loss at the privately held (BNPL) fintech, which last made a full-year profit in 2018, was 2.01 billion crowns ($185 million) against a year-earlier loss of 6.17 billion crowns. «We posted a small profit in May,» CEO Sebastian Siemiatkowski told Reuters. «We feel very confident that we'll be posting a profitable quarter very soon and then eventually also a full profitable year.» Klarna allows shoppers to buy online through its merchant partners and settle their dues in instalments using its «buy now, pay later» (BNPL) service. In May, it said it was on track to reach profitability on a monthly basis in the second half of the year. Last year, business conditions deteriorated as soaring inflation and the war in Ukraine hit consumer confidence, prompting it to cut staff and sending its valuation tumbling. Siemiatkowski said in the interview that Klarna had no need in the foreseeable future to raise more funds. Klarna last raised funds in 2022 at a valuation of $6.7 billion, down around 85% from the $46 billion price tag it attracted in 2021.

investment policy advisory committee, which advises the capital markets regulator on a range of issues that impact further development of the AIF space.

Adamantem Capital chief executive Rob Koczkar has asked the Albanese government to lower barriers to entry for investment into private equity, and wants to see a simpler process for business owners exploring merger and acquisition options.

Thursday, August 31, 2023 – Web3 play-to-earn (P2E) meme coin gaming platform Tamadoge is launching a major marketing push that will include the promotion of new staking and burn features as the team targets more top exchange listings.

The Reserve Bank and corporate regulator should be more proactive about promoting competition in sharemarket post-trade services after the ASX’s CHESS replacement debacle, a parliamentary committee has been told.