CEO Financial News

Hectar Global has raised $2.1 million in a seed funding round led by Powerhouse Ventures. The round also saw participation from WEH ventures, All In Capital, Indian Silicon Valley, and angel investors Anant Sarda and Adhish Ladha, the company said in a statement Wednesday. The Chennai-based business-to-business cross-border agri-commodity procurement platform was founded by National University of Singapore alumni Srinath Srinivasan, Sibhi Kumaran and Aswath Balaji.

Buying a piece of property can be a hassle at times especially when you are not aware of all the nuances you must know before striking a deal. Though there are many things to keep in mind while buying any property, one of the key things to check is the property ownership type. It could be freehold or leasehold.

As the monsoon season has arrived, car owners must be prepared to safeguard their vehicles from the potential risks and damages associated with heavy rainfall and adverse weather conditions. To ensure comprehensive protection, car owners should consider adding specific insurance add-ons to their policies.

Here’s the irony: about 81% of leaders surveyed in The Grand Manager and Workplace Report by upGrad-led online learning platform Harappa say that managers are indispensable to achieving financial objectives, deploying strategy and driving success. Yet, managers aren’t happy. The main reasons contributing to this frustration are career stagnation (73%), lack of recognition (71%), and feeling overworked (68%), says the survey that draws insights from over 3800 managers (including early and seasoned) in Corporate India, and focuses on the aspirations, burdens, and challenges faced by managers in India. Additionally, 250 individual contributors, 250 HR professional and 500 senior leaders were also surveyed. 81% of managers look at monetary incentives as key to staying motivated, the report found. About 57% also seek autonomy to make decisions at the workplace and 52% would like public recognition for the work they do. Other wants, lower in the pecking order, include purposeful work, career advancement opportunities, building networks and impacting lives. 74% managers say they want to be trained to perform in this role.

The recently announced 28% GST on the gaming indus... moreThe recently announced 28% GST on the gaming industry has set the cat amongst the pigeons.

OpenAI's chatbot, ChatGPT. OpenAI is supported by Microsoft, while Google has introduced its own AI, Bard AI. Also read: Artificial intelligence lashes at the doorstep of films, entertainment Several companies, including Salesforce, Spotify, and Snap, have integrated AI into their products or services.

₹1,400 crore from domestic and international customers in the March ended quarter. The orders were received by its solutions business that caters to products and specialized EPC (engineering, procurement and construction), the company said in a statement. The set of orders, won across domestic and international markets, strengthened the company’s solutions business unit’s order book to ₹5,200 crore during FY23, it added.

Elon Musk, has joined forces with two prominent UFC champions. According to TMZ, Mark Zuckerberg has dedicated the past few days to intense training sessions alongside two UFC champions: Israel Adesanya, the middleweight champion, and Alexander Volkanovski, the featherweight champion. Following Saturday night's UFC 290 showcase in Las Vegas, both fighters immediately traveled to Zuckerberg's residence in Northern California to assist him in his preparations.

Citigroup has been working on AI projects for the past three years, its chief executive Jane Fraser said, as she laid out plans for how the Wall Street bank will embrace the technology.

Global law firm Ashurst said on Thursday that a 10 per cent increase in revenue over 2022-2023 had failed to translate into more pay for partners as rising costs and inflation hit the bottom line.

Enzyme Office Spaces, a Bengaluru-based premier plug-and-play office solutions provider, has leased 1 lakh square feet of office space in Whitefield, Bengaluru. The managed workspace will have over 2,000 seats with state-of-the-art infrastructure to fulfil the burgeoning demand for managed workspaces in the city.Ashish Agarwal, Co-founder & CEO of Enzyme Office Space, said, “As an organisation which is committed to fulfilling the evolving requirements of occupiers, we have been at the forefront of developing state-of-the-art managed workspaces at key locations across the city.

reality show, that first aired in 2021 on Sony Television has witnessed more than ₹100 crore of investment in the deals, including seasons 1 and 2. Redseer Strategy Consultant's latest report mentioned that 27 startups successfully secured funds from external investors with a current valuation of 2.5X that of Shark Tank season 1 valuation. "Most startups that appeared on the show secured deals 6 times greater in value from outside investors within a span of 1.5 years.

Rohit Kapoor, chief executive of Swiggy's food delivery business, said he had shifted his focus back to growth over the past few months, instead of profitability, which is what he’d chased since joining the firm nearly a year ago. He said he doesn’t have the ‘luxury’ to choose between growth and profitability and is trying to balance both. Kapoor, who was the global chief marketing officer at Oyo before joining Swiggy last August, told ET that both growth and profitability are significant for Swiggy, and the food business can expand by around 20% annually.

Washington | Saudi Arabia’s sovereign wealth fund has agreed to invest more than $US1 billion ($1.5 billion) in a new commercial entity controlled by the PGA Tour, and Greg Norman will be ousted as the CEO of LIV Golf if the business deal between the Saudis and the tour is finalised, a tour executive told US Congress on Tuesday (Wednesday AEST).

Laurentian Bank of Canada, which has been working on a turnaround under a new chief executive officer since late 2020, has started a strategic review that may lead to a sale.

Mumbai: Although Indian banks have performed well in a hostile global environment, they should not let their guards down, Reserve Bank of India (RBI) governor Shaktikanta Das told heads of private and state-owned banks on Tuesday.  Das met chief executives of public sector banks and some private sector lenders on Tuesday, RBI said in a statement.   “The governor, in his introductory remarks, while noting the good performance of the Indian banking system despite various adverse global developments, stressed that it is in times like these, banks need to be extra careful and vigilant," the statement said.  According to RBI, Das also emphasized the need for bank chiefs to pay special attention to strengthening governance and focus on the “tripod of banking stability consisting of compliance, risk management and audit functions".  Other issues discussed include strengthening of credit underwriting standards, monitoring of large exposures, implementation of external benchmark linked rate (EBLR) guidelines, and bolstering information technology (IT) security and IT governance. Das also highlighted the need to improve recovery from written-off accounts, and timely and accurate sharing of information with credit information companies.  Das has been pointing out the need for banks to strengthen corporate governance standards.

Disney is exploring strategic options for its Star India business, including a joint venture or a sale, a sign of strain at one of the premier properties it acquired from Fox. The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to people familiar with the matter. The talks are in the early stages and it is unclear which options, if any, Disney might pursue.

Kevin Vaz has formally joined Viacom18 as the CEO of its TV business, sources privy to the development have said. He was previously the head of the entertainment business at Disney Star. His last day at the company was June 13.

The Kerry Stokes-backed Telethon, one of Australia’s most influential charities, has slashed the amount of money given to the children’s medical research institute that bears its name, even as donations from business and government soar.

Asian Institute of Nephrology and Urology (AINU), the largest single-specialty kidney care chain in India. AHH is likely to acquire about 70% stake in the hospital chain at a valuation of ₹500-520 crore, said two people aware of the development. Post transaction, the existing management will continue to run the business, said sources.

NEW DELHI : Pravin Chalikwar refused to restart his single screen theatre, in Maharashtra’s Parbani district, between different lockdowns—in 2020 and 2021. Theatrical releases of films were rare and he decided to wait. His theatre, called Priti Cinema, reopened to the public only in early 2022.