CEO Financial News

HDFC Capital Advisors and the House of Abhinandan Lodha (HoABL) have formed an alliance to set up a joint venture platform with investments of over ₹1,500 crore to undertake both plotted developments and low-rise projects across key property markets in India. HDFC Capital Advisors will be investing in this new platform through HDFC Capital Affordable Real Estate Fund-3 and the Investment is expected to result in a gross development value (GDV) of over ₹4,500 crore. «We believe there is a significant unmet demand for mid-income low-rise housing in the peripheral areas of tier 1 cities and tier 2 cities, driven by improved connectivity on the back of rapid development of road, rail and air infrastructure projects across India,» said Vipul Roongta, MD & CEO, HDFC Capital Advisors. According to him, through this platform, HDFC Capital will continue to focus on partnering with trusted realty brands to meet the increasing demand for high-quality low-rise developments at affordable prices. «The joint venture with HDFC Capital is a testament to our shared vision of creating exceptional living experiences. By combining our expertise and resources, we are set to redefine the landscape of branded low-rise projects.

Thomson is planning to enter the laptop market in India, with the company close to finalising a Noida-based contract manufacturer to make the devices locally, said a senior executive. “Thomson will be coming in a big manner in the laptop category. This decision has been made to counter laptop brands which have come in smart TVs.

Even though recruiting slowed down in the first half of this year to hit the lowest levels since the credit crisis, some broker-dealers and registered investment advisors are having success in hiring and recruiting from rivals. For example, LPL Financial recruited 47 financial advisors over the first half of the year from Securities America Inc.

When Herman Melville wrote Moby Dick, he had never actually visited the quaint Massachusetts isle of Nantucket. His multivolume novel spanned an epic battle — and now another, maybe less epic battle is being waged on the island dubbed “the most expensive in the world.” This time, the protagonists are all actual real residents, or at least part-time residents.

Mumbai: Developing the company’s culture while working remotely, accepting that the pandemic has changed the expectations of a multi-generational workforce, and tapping the next generation of leaders are some issues India Inc. is grappling with. Global training and development company Dale Carnegie’s global president and CEO Joe Hart explains in an interview given to Mint how firms in India are navigating people challenges, which now includes concerns around artificial intelligence (AI) and job security.

If Microsoft Corp completes its acquisition of Activision Blizzard in the coming months, the $69 billion deal will go down as one of the biggest comeback stories in the history of mergers. By this past April, the gaming industry’s biggest acquisition ever appeared doomed. US regulators had filed a challenge to the takeover and their counterparts in the UK had blocked it outright.

leadership of the WGA. The strike is approaching its fourth month and if a deal isn’t reached soon, the 2023-2024 television season and many high-profile movies are likely to be delayed or scrapped altogether. “We have come to the table with an offer that meets the priority concerns the writers have expressed.

MUMBAI : Muthoot Fincorp Ltd (MFL), flagship company of Muthoot Pappachan Group, on Wednesday said its new digital financial pla-tform Muthoot Fincorp One will introduce insurance, personal loans, two-wheeler, and housing loans in six months. Muthoot Fincorp One has reported over 20,000 daily transactions, and over 200,000 app downloads.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a buy initiation at Madison Square Garden Entertainment , and upgrades at Cognizant, VTEX, and Shift4 Payments.

Bandhan Bank opened its branch in the Leh district of Union Territory (UT), Ladakh, marking its presence in 35 of the 36 states and UTs of India, the bank announced on Wednesday. On its eighth foundation day, Bandhan Bank also opened another branch in Srinagar, J&K. «It has been a great ride in these eight years of Bandhan Bank. With the opening of our Leh branch, we have established our presence in another union territory and enhanced our presence,» said Bandhan Bank's Founder, MD and CEO, Chandra Shekhar Ghosh. The bank will continue to expand its footprint to reach a wider population across the country, he added. The bank also boasts to have a strong network across the country with more than 6100 banking outlets and 3 crore customers. Inauguration of its new branches was not all of it.

ICC Men’s Cricket World Cup 2023. With unwavering confidence, we anticipate a seamless ticketing experience, aimed at offering fans unobstructed access to the thrilling on-field encounters.

startups and investors in the spacetech sector had top management and staff huddle together and cheer India’s Chandrayaan-3 mission as the country’s national space agency, Indian Space Research Organisation (ISRO), landed its rover Vikram on the moon. India is the first country to achieve a south-pole landing on the moon. “India is on the moon! A true testament of ISROs capabilities and India as a builder of technology for the world and beyond. A pivotal moment for India and its next phase of space odyssey and helping humanity,” Speciale Invest managing partner Vishesh Rajaram told ET. Rajaram added that the soft landing was an inspirational moment for the deeptech- and spacetech-focussed venture capital firm as well as other young startups in the space, to build from India for the world. Pixxel founder and CEO Awais Ahmed took to Twitter to share a video of his team cheering on. “This marks a pivotal moment for both the Indian Space ecosystem and the global space community.

Almost 9 in 10 young investors have actively traded stocks this year due to higher interest rates and inflation, according to a new Bankrate survey. And that behavior may cost them in the long run, experts said.

By Fatos Bytyci and Florion Goga

Elon Musk has taken a swipe at Facebook and its CEO Mark Zuckerberg, alleging that the social media giant is engaged in widespread manipulation of public opinion globally. In a scathing tweet, Musk suggested that Facebook's refusal to open source its algorithm is a clear indicator of its intention to influence and control public discourse. Musk's comments come amid growing concerns about the role of social media platforms in shaping public perceptions and influencing elections.

₹ 8,278 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of ₹ 8.278 lakh crore.

Hightower firm Highland Private Wealth Management has expanded its business in Washington with the acquisition of an advisor team with approximately $470 million in assets under management.

Reliance Industries Ltd (RIL) on Wednesday announced that Qatar Investment Authority (QIA) will invest Rs 8,278 crore in its subsidiary Reliance Retail Ventures. This investment values Reliance Retail Ventures at a pre-money equity value of Rs 8.28 lakh crore. The investment by the Qatari fund will translate into a nearly 1% stake in the retail major. In 2020, Reliance Retail Ventures raised Rs 47,265 crore by selling a stake to various global investors.

macroeconomic data that makes a case for continuing with the monetary tightening policy through interest rate hikes. In the US, the benchmark 10-year Treasury yields have soared to levels around 4.366%, their highest since 2007, prompting investors to initiate risk-off trade. The US treasury yields have climbed almost 40 bps month-to-date amid rising bets that interest rates will remain elevated for longer.

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The former boss of Equity Trustees’s trustee business, Harvey Kalman, seems to be shuffling his board portfolio as he prepares to take over as the executive chairman of troubled fund manager PAC Capital.