CEO Financial News
31.07 / 17:19
CEO
Uday Kotak dismisses rumours, says no communication from RBI on Kotak Mahindra's CEO succession: Report
Kotak Mahindra Bank clarified on July 31 that the Reserve Bank of India (RBI) has not communicated anything on the private lender plans on the succession of its CEO.
31.07 / 16:41
CEO
Racing
Strategy
voice
Pirelli gets new board after battle over Chinese influence
MILAN (Reuters) — Pirelli investors on Monday approved a new board for the tyremaker, giving it a new three-year governance set-up after the Italian government last month took steps to curb the influence of the company's leading Chinese investor.
31.07 / 16:41
31.07 / 16:39
COST
UPS
CEO
Exodus
Zions
KeyCorp
Banks Lean On ‘Hot’ Deposits to Shore Up Balance Sheets
Midsize and small banks in the second quarter largely stabilized or even reversed the deposit exodus they suffered earlier this year. To do so, many had to rely on deposits that flowed through third-party brokers. Brokered deposits are a quick and easy way banks can bolster their balance sheets in a pinch.
31.07 / 16:39
COST
Provident
CEO
Pool
performer
cover
Small-Business Lending Is About to Change, With Simpler Requirements
The federal program for small-business lending is undergoing its biggest makeover in decades. The Small Business Administration is simplifying loan requirements, automating more of the process and expanding the pool of nonbank lenders licensed to issue SBA loans. The moves, many of which take effect Aug.
31.07 / 15:53
ETF
CEO
performer
track
cover
Takeover
LIC Mutual Fund completes takeover of IDBI MF schemes
LIC Mutual Fund has completed the takeover of schemes of IDBI Mutual Fund. The effective date of merger was July 29. The move is in line with LIC's mission to strengthen and diversify its product offerings, expand its footprint and grow its assets under management (AUM) to emerge as a leading MF house in the country.LIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June.
31.07 / 15:39
Blockchain
Binance
Digital
Citizens
CEO
Racing
Battlefield
Power
surges
US-China Power Struggle Extends to Crypto Battlefield: China Surges Ahead
The United States and China are competing on both economic and technological fronts – and part of their rivalry includes a race to adopt crypto.
31.07 / 15:17
31.07 / 15:03
Citi
Provident
CEO
love
audience
exclusive
open
Kidbea Signals Strong Growth in Offline Retail, Plans to Open 10+ Exclusive Brand Outlets and 200+ Multi Brand Outlets
Kidbea has been a trailblazer in redefining the shopping experience for parents and children alike. Curating an extensive range of sustainable and eco-friendly products that blend affordability with utmost comfort, Kidbea has captured the hearts of countless families. By expanding its presence into the physical realm, Kidbea seeks to deepen its connection with customers and elevate the joy of shopping through captivating in-store experiences.
31.07 / 14:31
Manufacturing
CEO
Software
country
Paytm Chief Vijay Shekhar seeks PLI scheme for payment devices
Fintech company One97 Communications, which operates under the Paytm brand, wants the government to bring payment segment devices under the production-linked incentive scheme to boost local production, a top company official said on Monday. Paytm founder and CEO Vijay Shekhar Sharma said the company has started manufacturing soundbox devices in India even though local production attracts higher taxes compared to imported ones. While announcing the launch of two new models of payment soundboxes, Sharma said that India is a services-dominated country and there is a need to go towards manufacturing for job creation.
31.07 / 14:13
Provident
Lowe's
CEO
Strategy
Returns
MUTUAL FUNDS: Equity savings fund gaining popularity due to stable returns
Equity savings funds are gaining popularity among investors, especially those looking for stable returns, because of their unique investment strategy and benefit of equity taxation. These hybrid funds invest in equities, debt securities and arbitrage opportunities to generate capital appreciation, manage risk and enhance returns.
31.07 / 14:13
ETF
CEO
country
cover
LIC Mutual Fund completes merger of IDBI Mutual Fund schemes
LIC Mutual Fund (LIC MF) on Monday said it has completed the takeover of schemes of IDBI Mutual Fund. The move is in line with LIC MF’s aim to strengthen and diversify its product offerings, expand footprint and grow its assets under management (AUM) to emerge as a leading fund house in the country, according to a statement. The merger is effective from July 29. As of June 2023, LIC MF had an AUM of Rs 18,400 crore, while IDBI MF had Rs 3,650 crore.
31.07 / 13:49
FIVE
Manufacturing
CEO
NVIDIA
Intel
show
China’s Tech Distress Grows as U.S. Chip Sanctions Bite
China’s tech sector is showing the strain from last year’s sweeping U.S. export restrictions, which seek to stall Beijing’s ambitions in cutting-edge industries such as artificial intelligence and supercomputing. Semiconductor imports to China are falling.
31.07 / 13:31
Twitter
Digital
CEO
Platform
Action
track
social
Twitter threatens legal action against nonprofit that tracks hate speech: 'Tried to hurt social platform'
X Corp., the parent company of Twitter, has threatened a nonprofit origination—which tracks hate speech and misinformation on social media --of legal action saying it tried to hurt the social platform with its research, the New York Times reported. The New York Times reported that X Corp. has sent a notice the Center for Countering Digital Hate accusing it of making “a series of troubling and baseless claims that appear calculated to harm Twitter generally, and its digital advertising business specifically" and threatening to sue.
31.07 / 13:19
CEO
Action
Jammu & Kashmir administration finding ways to transform lives of pastoral community: LG Manoj Sinha
pastoral community in the Union Territory, Lieutenant Governor Manoj Sinha said on Monday. He was addressing the inaugural session of a two-day workshop on pastoral challenges and the community's role in tackling the rangeland degradation in Jammu and Kashmir.
31.07 / 12:45
UPS
Provident
CEO
Platform
Software
BNI
investment platform
FinClear back on the acquisition trail; nabs cash investment platform
Magellan-backed equities clearing firm FinClear has kicked off a spending spree with the acquisition of Transact1, a Brisbane cash investment platform used by industry super funds with $3.1 billion in funds under management.
31.07 / 12:27
Digital
SEC
CEO
coinbase
Bitcoin
Ft
Coinbase CEO: SEC asked for trading halt in everything except Bitcoin - FT
Investing.com -- The U.S. Securities and Exchange Commission requested that Coinbase (NASDAQ:COIN) cease trading in all digital tokens except for Bitcoin prior to filing a lawsuit against the cryptocurrency exchange, according to the Financial Times.
31.07 / 12:13
COST
Twitter
Digital
CEO
Platform
SoftBank
valuation
Robinhood rival eToro agrees $120 million share sale at discounted valuation
Stock trading platform eToro agreed to a $120 million secondary share sale, giving the company a slightly lower valuation than the $3.5 billion it was valued at in a primary funding round earlier this year.
31.07 / 12:11
UPS
Lowe's
CEO
NIFTY
cover
Tech View: Call writers run for cover as Nifty ends above 19,750. What traders should do on Tuesday
Nifty on Monday resumed the uptrend after a two-day fall and ended about 108 points higher above the 19,750 mark to form a green candle with a minor lower shadow on the daily chart. After forming a series of higher highs and higher lows over the last 2 months, Nifty seems to have formed minor degrees of lower highs and lower lows in the last 4-5 sessions amidst range movement. This pattern could be reflecting ongoing consolidation in the market.
31.07 / 12:01
31.07 / 11:53
UPS
Aviat
CEO
audit
Audit watchdog names new CEO as Sir Jon Thompson heads to HS2
Audit and accountancy watchdog the Financial Reporting Council has appointed a new chief executive as incumbent Sir Jon Thompson resigns to lead rail network HS2.
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