CEO Financial News

Jacobi Asset Management has unveiled Europe's inaugural spot Bitcoin ETF on Euronext Amsterdam. This ETF, named the Jacobi FT Wilshire Bitcoin ETF and trading under the ticker BCOIN, stands out as the first digital asset fund in compliance with SFDR Article 8, thanks to its decarbonisation strategy.

After receiving two bids to acquire it in the past month, U.S. Steel told its shareholders Tuesday that it is in the process of reviewing multiple offers for the storied company and symbol of American industrialization

DUBLIN (Reuters) — The post-pandemic trend of people prioritising travel could be a more permanent change in consumers' spending habits, the head of Ireland's largest hotel group Dalata said on Tuesday.

Best Buy sales and profits slid in the second quarter as the nation’s largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic

Hero MotoCorp plans to roll out new models and ramp up the sales network as it looks to have a substantial market share in the premium bike segment in the domestic market, CEO Niranjan Gupta said on Tuesday. The country's largest two-wheeler maker currently has just 4-5 per cent market share in the premium bike segment which has been growing at a rate of 20-25 per cent per year. The company, which is a leading player in the entry-level and commuter segments below 150 cc, is looking to introduce a new product every quarter in the next one year to ramp up its presence in the 150cc to 450cc bike segment. «The game for us (premium segment) is just starting.

Tata Power Renewable Energy Limited (TPREL) on Tuesday said it has signed an agreement with automotive components maker ANAND Group to set up a captive 4.4 MW solar project. In a statement, the Tata Power arm said it will facilitate the generation of 10 million units of clean energy and eliminate 5,500 tonnes of carbon emissions annually as part of the agreement. TPREL has signed a power delivery agreement (PDA) for 4.4 MW AC with the ANAND Group, it said. «This group captive project highlights our commitment to support the automotive industry in becoming more sustainable and environmentally focussed,» Tata Power Renewable Energy Limited CEO Ashish Khanna said. Previously, Tata Power and the ANAND Group collaborated for a 10.1-MW Solar PV park power project, located in Maharashtra.

Jobizo has announced its transformation into a global healthcare powerhouse following the successful transfer of business from IFANglobal, a company known for its worldwide healthcare recruitment and training business. With this move the company aims to expand its global reach and talent pool, enabling healthcare organizations to match with more than 10,000 professionals on the platform.

Enforcement Directorate (ED) is expected to press money laundering charges against its two officers and some private individuals who were recently booked by the CBI in a bribery case linked to an accused arrested in the alleged Delhi liquor policy scam, official sources said Tuesday. ED officials Pawan Khatri and Nitesh Kohar, chartered accountant (CA) Praveen Kumar Vats, Air India assistant general manager (AGM) Deepak Sangwan, CEO of Claridges Hotels and Resorts Vikramaditya, Amandeep Dhall, owner of liquor company Brindco Sales who was arrested in the Delhi liquor policy case, and his father Birender Pal Singh, have been named as accused by the Central Bureau of Investigation (CBI) in its FIR filed on August 25. The CBI had acted on a complaint sent by the ED on August 8. While Khatri is an Assistant Director rank officer of the ED working in its Delhi zone office, Kohar is an upper division clerk (UDC) with the federal anti-money laundering agency at its headquarters here and both were not part of the team probing the Delhi liquor policy case. Amandeep Dhall was arrested by the ED on March 1 in the alleged Delhi liquor policy scam.

Miss World 2023 contest is set to be held in Kashmir later this year with 140 participating countries, thanks to the G20 meet held here in May. This was disclosed at a breakfast press briefing in Srinagar on Tuesday. The press briefing was attended by Miss World, Karolina Bielawski, Miss India, Sini Shetty, Miss World Caribbean, Emmy Pena and Miss World England Jessica Gagen and Miss World America Shree Saini and Miss Asia Pricilia Carla Saputri Yules. “Kashmir has everything and it is the best place to host an event like Miss World.

corporate Gmail accounts at an additional cost of $30 a month per person, the Wall Street Journal reported on Tuesday. The announcement is set to be made by Google Cloud CEO Thomas Kurian at the company's annual cloud conference in San Francisco later in the day, the report said. Alphabet did not immediately respond to a Reuters request for comment.

(Reuters) — Piedmont Lithium said on Tuesday it has received a partial prepayment of $31.6 million for the sale of 15,000 dry metric tonnes (dmt) of lithium concentrate under its offtake deal with North American Lithium (NAL).

Alphabet’s (NASDAQ:GOOGL) Google is finally stepping into the realm of AI technology sales in a bid to catch up in the highly lucrative cloud software market.

Aashish Somaiyaa, CEO, White Oak Capital Management, points out that “bulk of whatever net flow is there, a good part of it is going into smallcaps. Those are the signs which tell us that there is some amount of froth in valuation. Some exuberance also points to that and in the last three-four months, suddenly the smallcap and micro cap index have shot up a lot. So, sharp movement in a short time that actually tells you a lot.”You must have read the latest note by Akash Prakash, which is based on your previous boss Raamdeo Agrawal’s recent presentation on flows. Raamdeo has made a presentation to a clutch of investors which is the talk of the town on how meaningful and sustainable domestic flows has the potential to become over the next decade or so. Are you seeing signs that now it is not about retail investors trying to time the market and gradually cyclicality is moving out of it? Yes, I definitely read that interesting piece by Mr Akash Prakash.

On August 25, former FTX CEO Sam Bankman-Fried's attorneys filed a new motion seeking his "temporary release" or, alternatively, requesting that he be allowed to meet with his defense team five days a week based on his right to assist in preparing his defense.

Vivek Kathpalia is MD and CEO – Singapore, Cyril Amarchand Mangaldas; and Shambhawi Mishra is principal associate designate at Cyril Amarchand Mangaldas.

Maruti Suzuki India Ltd has appointed Arnab Roy as Chief Financial Officer (CFO) of the company with effect from January 1, 2024, the country's largest carmaker said in an exchange filing today. According to the company's exchange filing, Arnab Roy will join in as CFO – Designate with effect from October 16, 2023, and as a whole-time CFO of the company from January 2024. Ajay Seth, the company's current CFO, will be superannuating from his post as the company's full-time CFO with effect from the end of business on December 31, 2023, according to the company.

In order to enhance taxpayers experience and keep pace with new technology, the Income Tax Department has revamped its website last week. The newly revamped website, www.incometaxindia.gov.in, was launched by Nitin Gupta, Chairman of the Central Board of Direct Taxes (CBDT). “The Income Tax Department has launched a redesigned website to enhance the taxpayer experience and embrace new technology.

Bayer on Tuesday announced, that after more than 25 years of service, D Narain the current president of Bayer South Asia; vice chairman, managing director & CEO of Bayer Crop Science Limited (BCSL) and the global head of smallholder farming for Bayer, will retire by end of November 2023. Simon-Thorsten Wiebusch will take over as president, Bayer South Asia and as vice chairman, managing director & CEO of Bayer CropScience Ltd (BCSL) on November 1st, 2023. Simon will take on these new responsibilities, in addition to his current role as Country Division Head (CDH) of India, Bangladesh & Sri Lanka (IBSL) cluster in Crop Science. Simon moved to India in December 2018 as Chief Operating Officer of IBSL cluster and in partnership with D established the cluster as a strong growth engine for smallholders before being appointed the Country Division Head (CDH) at the beginning of 2022.

Some small finance banks are giving lucrative fixed deposit options. Is it advisable to opt for such FDs that offer 8-9% returns, instead of a normal debt mutual fund for short- to medium-term investment? Naveen Kukreja, Co-Founder and CEO, Paisabazaar.com: Fixed deposits with small finance banks offer higher capital protection and income certainty than debt mutual funds. The RBI has granted the status of scheduled banks to all existing small finance banks.

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home loan is a better long-term option than renting due to equity growth, stability, tax benefits, and investment potential. However the rule may not apply to everyone, and depending upon certain personal, and professional factors, individuals may decide to go with either of the options. Some individuals prefer to buy their own space and get rid of the burden of paying rent every month.