CEO Financial News

BharatPe on Wednesday said that it has roped in former Razorpay executive, Pankaj Goel, as its chief technology officer (CTO). Prior to joining BharatPe, Goel was the head of payments engineering at payments infrastructure provider Razorpay. As a part of his new role, Goel will be leading the technology function at BharatPe and spearhead innovation strategy across its group companies.

Thomas Cook (India) Ltd on Wednesday announced top-level rejig with Madhavan Menon designated as Executive Chairman while Mahesh Iyer has been elevated as Managing Director and Chief Executive Officer. The company's board of directors in its meeting on Wednesday approved the re-designation and appointment of Menon as Executive Chairman in the category of Whole-Time Director from his earlier designation as Chairman and Managing Director, Thomas Cook (India) said in a regulatory filing.

MILAN (Reuters) — Stellantis on Wednesday unveiled its new 'STLA Medium' vehicle platform, the first of four new electric-centric bases that will underpin all future models made by the world's fourth largest carmaker by sales.

Now in its fourth edition, ETPWLA 2023 is India's most prestigious awards programme, recognising and honouring present-day and next-generation women leaders who embody excellence in business, entrepreneurship, innovation, and leadership. The list of shortlisted nominees for ETPWLA 2023 represent exceptional women leaders, trailblazers, and changemakers who have made a significant impact and achieved critical milestones in their respective fields over the past year.

Biocon Biologics on Wednesday said it has completed the integration of the acquired biosimilars business from Viatris Inc in over 70 countries in emerging markets effective July 1, 2023, increasing the scale and scope of its business. Following the deal closure in November 2022, this marks the first wave of countries where Viatris' operations have fully transitioned to Biocon Biologics, the company said in a statement.

Veritas Finance Private Limited has raised Rs1,050 crore from Multiples Private Equity along with its co-investors including International Finance Corporation (IFC) to expand access to capital for India’s micro, small and medium enterprises, stated a press release. The deal comprises a primary issuance of Rs400 crore and provides a part exit to early investors, British International Investment (BII) and Lok Capital.

New Delhi: Leading infrastructure major KEC International, an RPG Group company, on Wednesday said it has received new orders worth ₹1,042 crore across its various businesses. The company forayed into the railway business, bagging its maiden international order for a signalling and telecommunication project in SAARC or the South Asian bloc comprising of the countries located in the Indian subcontinent detail, KEC said, without divulging further details. Also, it secured an order in the metals and mining segment from a reputed steel player in India for the supply of various types of cables in India and overseas.

Carat India, a media agency from the house of dentsu, has announced the appointment of Sanchayeeta Verma as chief executive officer (CEO). As per the company, she will report to Anita Kotwani, CEO Media, South Asia, dentsu.

Yandex faces prosecution in a Russian court for alleged offences under the country's so-called "LGBT propaganda" law, a notice on the court's website said on Wednesday. The move to prosecute Artem Savinovsky, for which no hearing date was listed, comes a day after a different court levied a 1 million rubles ($11,048) fine against an online film database owned by Yandex under the same law.

₹1,200 crore investment led by Multiples Private Equity (PE) along with its co-investors including International Finance Corporation (IFC) to expand access to capital for India’s micro, small and medium enterprises.  The deal comprises of a primary issuance of Rs 400 crore and provides a part exit to early investors, British International Investment (BII) and Lok Capital, the lender and Multiples PE said in a statement.  While Multiples PE, along with co-investor World Bank’s private investment arm IFC and others, will be infusing ₹1,050 crore; Avendus Future Leaders Fund also participated in the transaction investing Rs 150 crore.  Veritas proposes to use the fresh capital to enter new markets and strengthen its new product lines, including affordable housing loans.  “The fresh capital raised will provide significant runway for growth, help deepen our existing offerings and expand into the affordable housing space. We strongly believe these partnerships will further catalyse our mission to serve the underserved," said D. Arulmany, MD & CEO of Veritas.

CBI has made a startling submission to a special C... moreCBI has made a startling submission to a special CBI court against Chanda Kochar.

₹1.68 lakh crore by 2030-31 from FY22 level, said the firm's company Managing Director and CEO Hisashi Takeuchi said on 5 July. The firm is expecting India to 'play a very big role' in Suzuki Motor Corporation's goal to achieve a global turnover of ₹4.32 lakh crore in FY30-31, which would be exactly double the turnover of ₹2.16 lakh crore achieved in FY21-22, said Takeuchi. When asked if Maruti Suzuki India was also looking to double its turnover like its parent Suzuki, Takeuchi said, "Yes, of course".

cryptocurrency exchanges, and its founder, Changpeng Zhao, for illegal activities have put commoners’ and businesses’ thinking about the legitimacy and security that was initially promised by cryptocurrencies, non-fungible tokens (NFT) and virtual asset service providers (VASP). Cryptocurrency is a modern-day juggernaut. Its global market was valued at $2,191.25 million in 2022 in the Cryptocurrency Market Report by Polaris Market Research, with an expected Compound Annual Growth Rate (CAGR) of 11.6 per cent from 2023 to 2032.

Proxgy, a leading IoT (Internet of Things) technology start-up from India, has forayed into the Fintech space with the launch of its latest product line named AudioCube, a multi-lingual payment alert audio mechanism with ad network integration for merchants and retailers, that acts as a real time transaction settlement system irrespective of the payment gateway.

In order to widen the reach of Mahila Samman Savings Certificate (MSSC), the ministry of finance has now permitted public and private sector banks to implement and operationalise it. The one-time scheme for women, which is available for subscription in post offices, has a fixed tenure of two years and the maximum amount of investment is `2 lakh. The interest rate offered on MSSC is 7.5% per annum, compounded quarterly. As a result, the effective interest rate is 7.7%, which is much higher than most bank fixed deposits and even post office time deposits of similar tenure. An investor can apply for the scheme on or before March 31, 2025.

In the present scenario, people search for a developed housing society as they desire a quiet, comfortable and serene environment to have a luxurious yet carefree living experience. Choosing an ideal housing society that is reputable, trustworthy and provides an exclusive lifestyle could be a daunting task. Everyone aspires to live in an ideal housing society as it plays a vital role in shaping the quality of life, provides comfort and is also responsible for the overall well-being of residents.

Saving money is important for financial security and freedom, but the key thing is to know the purpose of your saving and how do you want to cater to your goals. It is not advisable to focus on just one thing or goal. You must look at your life span and break your investments to ensure you have sufficient funds for every phase of your life. Let us focus on short-term savings and understand how we can do it.

Income Tax Return (ITR) processing AY 2023-24: More than 1.32 crore taxpayers have filed their Income tax Returns (ITRs) for Assessment Year (AY) 2023-24 till July 2, according to data on the Income Tax website.

The XRP price has dipped by 0.4% in the past 24 hours, amid a slightly bigger dip for the cryptocurrency market as a whole.

Less than 7 per cent of gas sold on the east coast may be subject to the Albanese government’s price caps, meaning the much-vaunted policy may do little to rein in prices for consumers despite having already done irreversible damage to investment confidence.

New Delhi: Carat India, a media agency owned by Dentsu, has announced the appointment of Sanchayeeta Verma as its chief executive officer. Verma will report to Anita Kotwani, CEO Media, South Asia for Dentsu. The company said she will be based in Bangalore and will be responsible for boosting the agency’s growth trajectory through strategic leadership.