CEO Financial News

Earnings season is truly upon us and there have been some stellar results announced-  Just a few days ago JP Morgan Chase announced net income of $14.5 billion which is a jump of 67%. Unsurprisingly, CEO Jamie Dimon was pleased. “We reported another quarter of strong results, generating net income of $13.3 billion and an ROTCE of 23% after excluding a net after-tax gain of $1.8 billion relating to the First Republic transaction, as well as discretionary after-tax investment securities losses of $0.7 billion,” He said in a statement.

IndusInd Bank's first-quarter results were strong, reflecting the bank's strong performance in the past few years. The bank's core business continued to perform well, with net interest income (NII) and net interest margin (NIM) growing at a healthy pace. Asset quality remained stable, with gross non-performing assets (NPAs) falling to their lowest level in several years.

₹311 crore which is 13% higher than the ₹275 crore the company reported during the same quarter in the previous fiscal year. The revenue of the company witnessed a growth of 15% year-on-year growth and EBIT margin was at 17.2%. “We had a quarter of strong deal wins across all five segments, the highlight being a $50M plus deal in Telecom and Hitech.

Yellowstone will make its broadcast debut with CBS's fall schedule which will have Paramount’s reality series including ‘SEAL Team’ and BBC’s ‘Ghosts’. Taylor Sheridan’s Kevin Costner-fronted drama will come to an end in its fifth series. It has been hard hit by the SAG-AFTRA and writers’ strike. The CBS fall series includes the original programming of 185 hours and it will the return of the ‘SEAL Team’. The ‘SEAL Team’ is a military drama, it was produced by CBS Studios and was broadcast by it for four seasons before being shifted to Paramount+ for the fifth season. The renewed seventh season will be aired on Thursday at 10 pm. Paramount will also broadcast its docuseries ‘FBI True’ and repeats of ‘FBI’. Besides, Paramount+ will air its original series on Mondays at 10 pm. Speaking at a panel session at the Banff Media Festival, CBS CEO and President said that the company has been considering which Paramount+ original series should be broadcast on CBS. Similarly the BBC series ‘Ghosts’ will be aired on Thursday at 9 pm. It is streamed on Warner Bros now. In this drama, Charlotte Ritchie and Kiell Smith-Bynoe portray two people who live in a house, haunted by ghosts. Actors like Martha Howe-Douglas, Jim Howick, Lolly Adefope, Matthew Baynton, Simon Farnaby, Laurence Rickard, Ben Willbond, and Katy Wix have played the ghosts. The original fall schedule also includes ‘Survivor’ and ‘The Amazing Race’. ‘Raid the Cage’ and ‘Loteria Loca’ are among those to be aired. ‘Loteria Loca’ will be aired on Mondays at 8 pm. ‘Big Brother’ will be aired on Tuesdays and Thursdays. Other series to be aired include Let’s Make a Deal Primetime, ‘The Challenge USA’ and ‘The Price Is Right At Night’.

quarter as Wall Street's deal-making drought stunted revenue from investment banking. Revenue from investment banking stood at $1.16 billion, in line with last year as Dealogic data showed global M&A activity fell 36% compared to a year ago.

Bank of America (NYSE:BAC) reported stronger-than-expected results for its second quarter to push its shares modestly higher in pre-open Tuesday.

In this article

In this article

Threads. The Twitter rival was launched with great enthusiasm earlier this month. It quickly rose to fame with more than 100 million sign-ups within a week.

Greens senator Barbara Pocock has slammed EY for its lack of disclosure to the Senate inquiry examining consultants.

EY’s boss said the tax leaks scandal at rival big four consulting firm PwC was “deeply disturbing”, but was criticised by frustrated senators investigating the industry for failing to disclose his firm’s partnership deed and partner pay rates.

Mitsubishi UFJ Financial Group Inc. and Morgan Stanley will merge some operations at their Japan-based joint ventures, in the first major reorganization since the two entities were formed more than a decade ago. 

boAt, which had earlier deferred its public share sale plans amid stock market volatility, is «not in a hurry» to go for a listing, and is looking at FY25-FY26 timeframe for the IPO, co-founder Aman Gupta said. In an exclusive chat with PTI on wide-ranging issues, Gupta said that his startup is «well capitalised» for now. There was a phase when startup IPOs were in fashion but then the markets turned choppy, Gupta recounted.

aviation market has a «huge potential» waiting to be tapped, and a growing middle-class and a young population usually showing a greater propensity to travel will contribute to its growth, top experts of the industry have said. Besides, privatisation of airports has been a «big boost for aviation», and huge investment is happening in new airports and existing airports in India, said Nipun Aggarwal, Chief Commercial & Transformation Officer, Air India.

Basavaraj Bommai on Tuesday urged the Karnataka government to declare an "agriculture drought" and provide a grant of Rs 1crore to each constituency to address drinking water issues.Making a preliminary submission in favour of the adjournment notice by him and other party colleagues in the Legislative Assembly, the former CM accused the government of not taking farmer suicides seriously. Several places, including North Karnataka, Kalyan Karnataka and interior parts of the state have not received rains, Bommai said adding it did not rain as per scheduled time.

Paytm fell nearly 3% intraday on Tuesday after SoftBank offloaded another 2% in the company over the past one month. The stock was last trading at Rs 843.6 on the NSE, down about 2.1% from previous close. ET reported that the Japanese investment firm has sold an additional 2% stake in One 97 Communications, the parent of Paytm, generating proceeds of $180 million to $200 million.

ICICI Prudential Life Insurance Ltd on Tuesday reported an 33% year-on-year rise in its standalone net profit for the fiscal's first quarter ended June (Q1FY24) to ₹207 crore. The company had reported a profit of ₹156 crore in the year-ago period. Sequentially, the standalone net profit was down 12%.

Income Tax Refund issue time/timeline AY 2023-24: Many taxpayers, who have already filed their returns, are wondering when would they get their refunds (if any) from the Income Tax Department. Some have also been asking this question to the Income Tax Department on social media.

Should you use your credit card or debit card more frequently to make a payment? On the surface, this seems a frivolous question. However, the decision you take has some financial repercussions which you must understand.

Threads has announced imposing a rate limit to the posts in order to ward off spam accounts. The announcement by Instagram CEO has drawn a sharp reaction from Twitter CEO Elon Musk who has criticized Meta's latest social media offering from day one.

ITR filing 2023: Last date for income tax return (ITR) filing for the financial year 2022-23 is 31st July 2023. Is it mandatory for senior citizens to file income tax returns for the financial year 2022-23? There is confusion in the minds of many persons as regards who has to file an ITR. Introduced in Budget 2021, Section 194P of the Income-tax Act, 1961 offers relief to select senior citizens from filing income tax returns if they meet certain eligibility criteria.