CEO Financial News

Odysse Electric Vehicles has announced its strategic partnership with Flipkart to pre-book and purchase Odysse’s range of electric bikes and scooters bundled with launch offers. The entire range of Odysse products includes Vader, Evoqis, Hawk Plus, Racer Lite V2, and E2Go Lite and its variants.

On July 13, 2023, Ripple Labs, a cryptocurrency-based software company, secured victory in its legal battle against United States (US) Securities and Exchange Commission (SEC). Experts believe that this development can help create the long-awaited regulatory landscape around the cryptocurrency industry. 

Citigroup has hired a senior Deutsche Bank executive to lead its business in the UK as its long-serving chief executive in the country, James Bardrick, steps down after a decade in the role.

Flipkart will receive payments from a $700 million employee stock option (Esop) buyback today. CEO Kalyan Krishnamurthy informed the eligible employees about the payment in an internal email.

Hightower Advisors has announced a strategic investment that will boost its tax advisory capabilities for high-net-worth and business clients.

The boss of JPMorgan says that Joe Biden’s economic policies are making things worse for America.

Yamuna River in Delhi may have the major contributors to the flood crisis in Delhi, say experts. The rainfall alone cannot be blamed. As per a ToI report quoting experts, it has been observed that the Yamuna's water levels have continued to rise despite limited or no rainfall in Delhi over the past four days.

The fall in profit was steeper than expected as most analysts saw the decline to be around 14%. For instance, Axis Securities expected the net profit figure to be around Rs 758 crore.

₹721.05 crore. While NII stood at ₹2,490.8 crore in the quarter under review. Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “This quarter’s performance indicates that the bank is on a stable growth path.

In a move aimed at rebuilding its reputation, edtech firm Byju’s has roped in former State Bank of India chairman Rajnish Kumar and former Infosys chief financial officer TV Mohandas Pai as members of its advisory council. The council, officially called Think&Learn, will play a key role in advising the company’s board and CEO Byju Raveendran, the company said in a statement on Thursday.

Housing.com, India’s leading proptech platform, has collaborated with credit infrastructure provider FinBox to introduce a new service that allows customers to borrow up to Rs 10 lakh. This service aims to support customers with diverse financing needs, including rental security deposits, booking token amounts, renovation costs, and furniture purchases.

«With ‘YONO for Every Indian’, now any bank customer will have access to the UPI features like Scan and Pay, Pay by contacts, and Request money, among others on YONO’s new avatar,» the public sector bank said in a press release earlier this month.How non SBI account holders can use SBI YONO for UPI payments ET Wealth has used the SBI YONO app with a non-SBI account to send money through UPI. Let's see how it works. The SBI YONO mobile banking app is available on both Google Play Store and the iPhone App Store.

SmartDukaan has secured USD 10 million in a funding round led by Findoc Finvest. Other participants in the pre-series A funding round were Leafberry Ads and angel investors.

The exodus of talent from Credit Suisse’s investment bank has been higher than UBS expected, as rivals have made opportunistic moves to hire senior bankers and their teams.

In a surprising development, a ruling by US District Judge Analisa Torres may significantly impact the regulatory landscape for cryptocurrencies. In a lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs, Judge Torres concluded that a substantial portion of Ripple’s digital tokens, known as XRP, were not subject to securities registration requirements.

Sundararaman Ramamurthy, MD & CEO, BSE, says that “in the current year, BSE has picked and chosen equity derivatives first, followed by equity and then currency options. SMEs would be a great focus for us as would mutual funds because of its socio-economic impact and the financial savings being converted into capital market savings impact into the market. Commodities and later interest rate derivatives will all follow.

tax laws. Wrongfully claimed deductions can lead to penalties and criminal charges. Tax authorities can take legal action if discrepancies are found.

₹853.74 crore for the first quarter of FY24, registering a strong growth of 42.2 per cent from ₹600.66 crore in the corresponding period last year. Its net interest income (NII) in Q1FY24 rose 19.6 per cent to ₹1,918 crore from ₹1,604.5 crore year-on-year (YoY). Net interest margin (NIM) contracted marginally by 7 basis points to 3.15 per cent from 3.22 per cent in the June quarter last year.

Twitter, verified users who have achieved a minimum of 5 million impressions on their posts in each of the last three months and possess a Stripe payment account will be eligible to receive a share of the advertising revenue generated from ads displayed in their replies. In an effort to attract more content creators to its platform, Twitter recently introduced the option for users to offer paid subscriptions to their content.

Check all LIVE updates on PM Modi's France visit and Bastille Day Parade here.During his speech, PM Modi drew attention to the increasing presence of international players in India and specifically highlighted the growing popularity of Kylian Mbappe, the captain of the French national football team, among Indian fans. He noted that Mbappe is widely recognized and admired in India, even more so than in his home country.Read more hereIndia has decided to open a new consulate in Marseille in France, Prime Minister Narendra Modi said on Thursday.Addressing the Indian community at La Seine Musicale in Paris, PM Modi also said that Saint Thiruvalluvar's statue will be installed in France.PM Modi in France: Prime Minister Narendra Modi is set to receive a prestigious recognition during his visit to France, as he will be the guest of honour at the Bastille Day 2023 military parade.

That has proved true for the Vulcan, a new rocket developed by the United Launch Alliance, a joint venture between Boeing and Lockheed Martin. The first Vulcan was supposed to launch in May, but a propellant tank cracked during testing in March. Hydrogen leaking from the tank ignited in a fireball, destroying the Vulcan's upper stage and damaging the test stand.