CEO Financial News

The International Maritime Organization adopted a net zero target for 2050, with interim “checkpoints” by 2030 and 2040. If followed, the new strategy would not cut shipping emissions quickly enough to align the industry’s pollution with the Paris Agreement’s stretch goal to limit global warming to 1.5C, the experts said. “This agreement is not aligned with international shipping doing its part to limit global warming to 1.5C,” said Bryan Comer, marine program lead at the International Council on Clean Transportation, a non-profit.

Threads, Meta's new app, is facing a potential legal battle as Twitter has reportedly issued a letter to CEO Mark Zuckerberg threatening to sue. CNN reports suggest that Twitter accuses Meta of engaging in trade secret theft by hiring ex-Twitter employees.

Morgan Stanley managing director Kathy Entwistle and Strategic Wealth Partners CEO Mark Tepper share their economic outlook and weigh the Fed’s strategies for tackling inflation.

ClimateDepot publisher Marc Morano discuss the EV push and how Ford is preparing another round of layoffs on ‘The Bottom Line.'

Mumbai: Indian shares retreated Friday in anticipation that the US Federal Reserve will tighten policy even further to tame sticky inflation. India’s leading equity benchmarks fell nearly 1%, their biggest single-day drop since mid-April — after briefly touching fresh all-time highs in Friday’s trading — dragged down by heavyweight financials, technology, consumer staples and utilities. The Sensex declined 505.19 points or 0.77% to settle at 65,280.45.

Arcil), the country's oldest bad-loan aggregator, reported a 67% increase in net profit for the fiscal year ended March 2023 on the back of higher recoveries, even as the company increased its loan acquisitions during the year. Net profit in fiscal 2023 rose to ₹239 crore from ₹143 crore the year earlier. Loan acquisitions last fiscal year grew 87% to ₹4,300 crore, while recoveries increased 20% to ₹2,750 crore.

Bitcoin (BTC), the dominant cryptocurrency, experienced a downturn as it encountered selling pressure near the $30,202 threshold. 

New Delhi: India has set an ambitious target to produce 5 million metric tonne of green hydrogen by 2030, with 70% allocated for exports and the remaining 30% for domestic consumption, said Bhupinder Singh Bhalla, Secretary, ministry of new and renewable energy. The announcement was made during a press conference held alongside the International Conference on Green Hydrogen (ICGH-2023) to discuss India’s commitment to the development and deployment of green hydrogen.

Financial advisors are jumping onto Threads, but the new social media app from Meta Platforms Inc. could create a new set of compliance headaches for the wealth management industry.

Ethereum co-founder Vitalik Buterin has shared insights regarding new developments on the Bitcoin blockchain. 

Katie Notopoulos announced on Twitter that she is now “fired” as the Editor in Chief of Threads, Meta’s new social media app. The recently launched application possesses comparable functionalities to Twitter and is managed by Meta, establishing it as the most formidable contender in the market. Numerous individuals, including prominent influencers and streamers, have already joined Threads, resulting in a steady growth of its user base. Initially claiming to be the Editor in Chief, Katie Notopoulos experienced significant online backlash following her controversial post expressing support for Nazi ideologies. The controversy began on Thursday, July 6, 2023, when a user named @riff_n_ryan raised a question regarding the app's creators: «Will you ensure the removal of Nazis from this platform?» This inquiry arose due to the concerning state of Twitter under Elon Musk's leadership, prompting many to seek a more favourable alternative to the micro-blogging app.

Regulatory uncertainty in the US is driving digital assets platform Bakkt to expand internationally to Hong Kong, the United Kingdom, and the European Union, CEO Gavin Michael noted.

Systematic investment plans (SIPs) have gained significant traction among investors seeking a disciplined approach to wealth creation. While SIPs offer numerous advantages, failing to pay the dues on time can have serious implication for an investor’s financial well-being.

In the second quarter of 2023, Delhi’s residential demand (active searches) increased 17.7% QoQ, according to Magicbricks’ flagship PropIndex Report (April-June 2023).

The company that wants to mine for critical minerals in southeast Nebraska has signed a deal with Stellantis, giving the automaker access to the rare earth elements used to produce high-powered magnets needed for its electric vehicles

Narayan Murthy, mother to Akshatha Murthy, mother-in-law to UK PM Rishi Sunak, Infosys foundation founder and so much more on Friday during a conclave said that ‘ it is difficult being living with the most successful man’.  Sudha Murthy was speaking at the Moneycontrol Startup Conclave 2023 being held in Bengaluru. At the conclave Infosys founder Narayan Murthy and his son Rohan Murthy talked about the start-up ecosystem in India. According to the video shared by the media outlet, Narayan Murthy had praised his wife, for being his lifelong support.  Post this Sudha Murthy took the stage to share a short piece on women who stand by their partners as strong support, while the latter chase their dreams.  Sudha Murthy started by saying, “I just want to tell all young entrepreneurs that it is very difficult to deal with a more successful man.

The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at a time when the world economy is still dependent on fossil fuels

Threads, Meta’s text-based app seemingly built to rival Twitter, is live

Twitter has threatened legal action against Meta over its new text-based app called Threads

The state will pay the entire premium for the scheme under which workers will get a life insurance cover of Rs 2 lakh and accidental cover of Rs 2 lakh, chief minister Siddaramaiah said while presenting the state budget. While the budget allotment is a welcome move, the state government should build a social security framework in the lines of Rajasthan’s new gig workers Bill to help workers on aggregator platforms, Indian Federation of App Based Transport Workers general secretary Shaik Salauddin told ET. The Congress regime in Rajasthan recently proposed a Bill that would make aggregators register all their gig workers on a government platform.

NEW DELHI : Vedanta Limited, India’s natural resources and technology conglomerate, announced the addition of Semiconductor and Display Glass ventures to its diversified portfolio, the company said in a statement here today. “We believe that semiconductors and display fab are at the core of any electronics ecosystem. This will also spawn the creation of multiple ancillary industries and opportunities both downstream and upstream, creating jobs and will be a GDP multiplier," said Akarsh Hebbar, Global MD, Vedanta’s Semiconductor and Display Business.