CEO Financial News

Singapore'sOversea-Chinese Banking Corporation has set its sights on «longer term opportunities» in Greater China and Southeast Asia and expects the strategy to bring an additional revenue of $2.2 billion by 2025, CEO Helen Wong told CNBC on Monday.

users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. The change will take effect in 30 days, the company said.

Elon Musk, Threads aims to provide users with an alternative platform for social networking and discussions. The app was initially discovered on the Google Play store in Europe on Monday morning and later became available on the Apple App Store by Monday night, according to a report from Forbes. The decision to launch Threads comes in the midst of various controversies surrounding Twitter, such as user limitations and issues with Bluesky, a competing platform founded by Jack Dorsey.

IDFC First BankThe board of IDFC First Bank has approved the merger of IDFC Ltd and IDFC Financial Holding Company with itself through a scheme of amalgamation.Tube InvestmentsTube Investments arm TI Clean Mobility has entered into an agreement with Anand Jayachandran for pursuing electric small commercial vehicle business through a subsidiary to be incorporated by TI Clean Mobility.Oil IndiaThe Board of the company has approved the revision of project capital cost front Rs 6,555 crore to Rs 7,231 crore for implementation of petrochemical project of Numaligarh Refinery Ltd.Read more: What changed the market while you were sleepingIndusInd BankIndusInd Bank's promoter IndusInd International Board is planning to raise $1.5 billion in capital to increase the stake in the lender and other strategic objectives.Reliance IndustriesReliance Jio has launched Jio Bharat Phone, which will enable existing 250 million feature phone users with internet enabled phones. The beta trial for the first 1 million Jio Bharat phones begins from July 7.Bajaj FinanceThe company's assets under management (AUM) rose 32% to Rs 2.7 lakh crore as of June 2023 in Q1.

Misra, who stepped back from his executive role at SoftBank Vision Fund (SVF) a year ago, is open to investing in domestic companies from his new venture, One Investment Management, through debt and equity deals. Misra told ET in an interview that One IM, which currently has a corpus of $7 billion, participated in a debt issue floated by the Shapoorji Pallonji group, making it the fund’s debut in India. The $50 million credit infusion was part of $1.7 billion raised by the Mumbai-based Shapoorji Mistry-controlled group through a bond sale that closed recently.

The world’s 500 richest people added $852 billion to their fortunes in the first half of 2023. Each member of the Bloomberg Billionaires Index made an average of $14 million per day over the past six months, according to data compiled by Bloomberg. It was the best half-year for billionaires since the back half of 2020, when the economy rebounded from a Covid-induced slump.

Brewing giant Lion Group will take full ownership of Four Pillars Gin as it advances its ambitions in the premium spirits category.

Private equity investor Allegro Funds has bought PwC’s government consulting arm for $1 and will invest $100 million in the newly renamed Scyne Advisory. The move is part of a risky and ambitious plan to reshape the industry by creating a huge advisory outfit that consults only to public sector clients.

Advances in AI technology are contributing to an unprecedented rise in investment fraud.

Finra posted a net loss of $218.1 million last year, primarily as a result of operating and investment losses, the regulator said.

ESG ratings have taken a hit amid the controversy about tobacco companies outperforming Tesla, but those questionable grades appear to have little meaning for funds and investors.

The crypto exchange OKX has signed a sponsorship deal with the English football club Manchester City to become its “official sleeve partner.”

Linde sees significant growth coming from traditional as well as new segments in India. The UK-headquartered company is planning to invest $1 billion to expand India operations in three-five years and $50 billion globally in the next 10 years, CEO Sanjiv Lamba tells Kalpana Pathak. Edited excerpts:What are your plans for Linde India? India as you know as a percentage of my global business is very small and disappointingly so.

Victoria Azarenka walked into Court 15 on Monday morning for her first Wimbledon match in two years, she was greeted by polite clapping. When the two-time Grand Slam champion from Belarus finished off a three-set victory more than 2 1/2 hours later, Azarenka shook her racket with her right hand and pumped her left fist, then offered a wave to the spectators who were applauding warmly.

NEW DELHI : Hero MotoCorp on Monday stepped into India’s ballooning market for premium lifestyle motorcycles with the launch of Harley Davidson X440, a fully indigenized 440cc motorcycle it has co-created with the Milwaukee-based cult motorbike maker. The motorcycle comes at an aggressive starting price of ₹2.29 lakh ex-showroom, pricing that makes it a disruptive proposition given that it brings the cult brand within reach of the aspirational premium buyer.

Tata Consultancy Services (TCS), India's leading IT services firm, under the scanner. But this episode is not surprising. India's private sector is not immune to rent-seeking, which permeates everything from marketing to procurement.

United Malt has avoided the fate of a lower bid from French suitor Malteries Soufflet despite the Australian-based supplier of a key ingredient in beer having posted disappointing earnings during due diligence.

IPO, Senco Gold has raised Rs 121 crore in the anchor round, which saw participation of marquee investors like Nippon MF, White Oak, Jupiter asset management, Bandhan MF and 3P India Equity Fund that is owned by Prashant Jain. This is the first IPO investment for 3P India Equity Fund, which picked up 9.22% of the anchor investor portion. The company has allotted about 38.32 lakh equity shares to 21 anchor investors at the upper price band of Rs 317 per unit.

CoinShares CEO Jean-Marie Mognetti says that the crypto ecosystem lacks diversity and a “thorough” approach is required to address the issue.

SGX Nifty, the Singapore Exchange-traded futures on Nifty 50 Index, turned to GIFT Nifty on Monday. Accordingly, all the open positions in SGX have been shifted to Gift City.Nithin Kamath said the shift will add momentum to GIFT City becoming a true international financial centre. «If we could also find a way to allow NRIs to easily invest in India through GIFT, I think we can attract a lot of capital.

WASHINGTON (Reuters) -Two PGA Tour officials have agreed to testify before a U.S. Senate panel next week about the tour's merger with Saudi-backed LIV Golf, but LIV officials declined to appear, lawmakers said on Monday.