CEO Financial News

Sourav Ganguly has picked up a minority stake in food delivery startup JustMyRoots for an undisclosed amount and will also be undertaking endorsement for the brand. JustMyRoots, which operates an inter-city food delivery service, is also in talks with venture capital and private equity funds to raise Rs 120-150 crore for its business expansion. The funds will be utilised for manufacturing units for in-house packaging solutions it has developed and also to start food delivery services within the city like Swiggy and Zomato, said CEO Samiran Sengupta.

Board Advisory Committee (BAC) to guide and advise the beleaguered edtech major on the composition of its board and governance structure, CEO Byju Raveendran told shareholders on Tuesday. The BAC will serve as a working group consisting of independent directors with credible backgrounds and relevant experience from diverse corporate fields, as per a memo of the minutes of a shareholders’ meeting that ET has reviewed.

Japan’s fears about Australia’s “quiet quitting” of the LNG export business hold true while domestic gas users will also suffer, say energy consultants and lawyers, citing the mounting obstacles the Albanese government has put in the way of new gas projects.

Non-binary lawyers represent an emerging cohort in The Australian Financial Review Law Partnership Survey.

Two years ago, just one of Australia’s traditional big six law firms was being led by a woman. Today, four of the big six have female chief executives.

Atsuya Technologies, a Chennai-based startup, has been selected as one of the 20 Indian companies participating in Class 7 of Google's coveted Startup Accelerator programme, the company said in a press release. Google's three-month accelerator programme offers Indian tech companies utilising AI/ML or data access to Google's resources, programmes, people, products, and technology.

TeamLease Edtech has launched Digivarsity, a tech-first platform that integrates academic learning with real-world experience for higher education learners. The platform aims empower students with workplace skills along with the academic knowledge necessary for longterm career success. Digivarsity has already partnered with ten universities in India and over 150 employers to offer innovative work-linked degree programs.

The State Bank of India has announced a slew of management changes amid its ongoing bid to fortifying its dominance. The development comes mere days after the mega merger between HDFC and HDFC Bank created a massive new private sector rival for SBI.

  Chief Minister Yogi Adityanath-led Uttar Pradesh government on 6 July issued a notification to carry out the 'social impact assessment' (SIA) for acquisition of another 2,053 hectares of land for the third phthe use expansion of the upcoming Noida International Airport (NIA) in Jewar. According to the CEO of Noida International Airport Limited (NIAL), Arun Vir Singh, a total of 1,888 hectares of land from 14 villages in Jewar tehsil of Gautam Buddh Nagar is to be acquired, and the SIA is scheduled to be carried out by Gautam Buddha University and completed by this August 30.

Recently, significant Bitcoin transactions have been observed in the market. According to Ki Young Ju, the CEO of CryptoQuant, Bitcoin miners have reportedly transferred a whopping 54,000 BTC to Binance over the last three weeks.

Binance, the world’s largest crypto exchange, is doing “a lot of preparation” to be ready for increased trading volumes over the coming months, CEO Changpeng Zhao (CZ) has said.

Indian equities hit a 10-month high of ₹45,286 crore in June, according to data from the National Securities Depository Ltd (NSDL). Over three-fourths of the purchase, aggregating ₹34,025 crore, occurred in the second half of June, propelling domestic benchmarks Sensex and Nifty to record highs by the end of the month. Both the Nifty 50 and the S&P BSE Sensex rose more than three per cent last month.

Twitter Inc. is refusing to engage in arbitration with ex-employees who were fired when Elon Musk took over the company after pushing them to use that process to resolve claims that they weren’t paid, didn’t get promised severance, or were discriminated against, according to a lawsuit. Twitter, now X Corp has been accused of failing to pay thousands of workers laid off in 2022 after Musk’s acquisition, violating numerous labor and workplace rules.

Bitcoin price is currently trading at $30,543, experiencing around 1% decrease on Thursday. Notably, Larry Fink, the esteemed leader of BlackRock, has expressed his support for Bitcoin, recognizing its potential to revolutionize the financial landscape. 

Boston University, and University of California, Berkeley, have claimed that humility goes a long way when it comes to physical and mental well-being. While the popular sentiment is that humble people have a good psychological adjustment, a section of people still believe that lack of this virtue doesn't make a difference.CRED founder Kunal Shah took to Twitter on Thursday to share his understanding of the quality, especially in successful people. In his post, the avid Twitter user said that Eastern cultures emphasise on the importance of humility in comparison to Western societies.

Also read: Canada: Khalistani group Sikhs for Justice threatens to 'Besiege' Indian missions on Independence Day Reports initially claimed that Pannun, who has been declared a terrorist by India, died in a road accident in the US while driving on Highway-101 in America. Twitter users shared news of his death, with the convenor of Mumbai’s BJP IT Cell @PallaviCT posting ‘unconfirmed reports’ on Pannun’s demise in a car accident.

Threads is brilliant. Twitter is done.

Meta Platforms (NASDAQ:META) launched Threads, a direct competitor to Twitter, on Wednesday. The new service attracted millions of users in a matter of hours. META CEO Mark Zuckerberg said the app attracted 10 million sign-ups in seven hours.

Even though a fear of the unknown triggers thoughts and conversations around insurance, eventually it is a push from friends and family that leads one towards serious purchase consideration. A little later in the purchase journey, while potential consumers turn to online channels for research and comparison, a high preference for purchasing from human agents continues to be visible across categories, according to a consumer insights report by Policybazaar.com.

Mismatch in AIS and Form 26AS: As the tax-filing season is inching closer to the due date for most assessees, several taxpayers on social media have been complaining to the Income Tax Department about the mismatch in their respective Annual Information Statement (AIS) and Form 26AS.

The brand will open at Phoenix Marketcity, Kurla, Uniqlo and plans to open more stores outside North India. All it’s 10 store is in North India and the company is looking to set up a significant manufacturing presence in India through about 20 'production partners. “October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India. Until now, our customers in Mumbai have been using our e-commerce channel to shop for their LifeWear essentials, and we now look forward to welcoming them in person to our first Mumbai store,” said Tomohiko Sei, Chief Executive Officer, Uniqlo India. Uniqlo, Phoenix Marketcity Kurla, will be the 11th brick-and-mortar Uniqlo store in India. Uniqlo has more than 2,400 stores across the world.