CEO Financial News

Bank of America has become the latest bank to cut people in London.

Tax on gains from Mutual Funds: The due date to file the Income Tax Return (ITR) for AY 2023-24 is July 31, 2023. Taxpayers are required to report all their sources of income in the ITR, including income from equity mutual fund investments.

Mahindra Lifespaces Developers Ltd (MLDL), the real estate and infrastructure development business of the Mahindra Group, today announced its foray into plotted developments. The brand unveiled its first plotted development project ‘Lakefront Estates by Mahindra’ at Mahindra World City (MWC), Chennai.

Although Lazard's cuts are numbered in the 100s and won't amount tomuch at all in London, there was much in last week's Lazard investor call to give junior investment bankers the fear. — The «deterioration» in the external environment, the bald statement that there's no sign of «bouncing back,» the admission that higher junior banker salaries are causing a problem. And now there are signs that Morgan Stanley feels the same.

Piyush Gupta has led one of Singapore’s most iconic institutions, the bank that helped turn the Southeast Asian city-state into one of the richest countries in the world. In his time as chief executive officer at DBS Group Holdings Ltd., Gupta has built the lender into Singapore’s largest listed company, moved early into wealth management and other key business areas and delivered equity returns that outstrip global peers.

Twitter users complained that they saw ‘cannot retrieve tweets’ and ‘rate limit exceeded’ error messages on their timelines. Befuddled, many thought it was another Twitter outage. Instead, it was a move by Twitter executive chairman Elon Musk to apply ‘temporary limits’ on the number of tweets a user could see.

options. Link to previous article: Learn With ETMarkets: Options Demystified 303 — Options Greeks (Part 3) -https://ecoti.in/HGiKuY58Put-Call Ratio (PCR): She started by explaining the Put-Call Ratio (PCR), saying, " The PCR is a commonly used indicator to assess market sentiment and predict potential reversals or trends.

Nithin Kamath had decoded the secret to a happy married life. In a recent post on Twitter, the Zerodha founder and CEO revealed that he joins his wife Seema — who is a cancer survivor — for a morning workout session every day. The 43-year-old also said that the daily exercise routine has helped strengthen the couple's bond.

«So naturally, people have now larger exposure, even in debt for the Indian economy. That is where basically they may want to have hedging instruments, like corporate bond index futures or even government bond futures,» says Ashish Chauhan, MD & CEO, NSE.For NSE it is like Diwali has come three months early right, it is that kind of a moment.In a way this was a long cherished dream to bring the markets on shore from where they had gone which is called offshoring and of course there were strategic reasons for a country to have pricing of its assets, especially important assets like markets and that is what the IFSC was created for to compete with the best and the brightest international services zone like Singapore or Dubai or Hong Kong.

cryptocurrency markets were majorly trading higher in Monday's trade. Bitcoin (BTC) rose 0.65% to $30,688, whereas Ethereum (ETH) was above the $1,900 level. BTC volume stood at approximately $10.92 billion, rising 26.43% in the last 24 hours. «Bitcoin began the new week trading above the US$30,700 mark but struggled to surpass the US$31,000 level, indicating a lack of urgency among bulls to secure profits at this time,» Edul Patel, Co-founder, and CEO at Mudrex, said. «The price has remained relatively stagnant between US$31,431 and US$29,500 for a while now. If BTC manages to break through the US$31,000 threshold, there is potential for an upward trend; otherwise, support is currently situated at US$29,500,» Edul added.

This is more a messaging by investors to the board and the management to tune up and take the company to the next stage, says Shriram Subramanian, Founder & MD, InGovern. Chemicals company GHCL's proposal for the reappointment of promoter and non-executive chairman Sanjay Dalmia to the board failed to get enough votes at its AGM on Saturday.

Tresa Motors Monday unveiled its first electric commercial vehicle, the Model V0.1. The Model V0.1 is based on the company’s Axial Flux Motor Platform: FLUX350. “Currently, India has a fleet of 2.8 million trucks, contributing to 60% of emissions, highlighting the urgent need for zero emissions medium and heavy trucks. With the upcoming vehicle scrappage policy in 2024 and increasing fuel costs, the time is ripe for a shift towards medium and heavy electric trucks”, the company said in a statement. Tresa Motors said it is targeting to lead this transition by providing safe, innovative, and eco-friendly alternatives to traditional diesel trucks, with the lowest total cost of ownership.Rohan Shravan, Founder CEO, Tresa Motors, said, “India has the potential to become a global powerhouse for EVs in the years to come. With Tresa Motors, we are determined to contribute to the realization of this vision and position India as a leader in global transportation solutions."

Elon Musk's move to temporarily cap how many posts Twitter users can read on the social media site could undermine efforts by the company's new chief executive Linda Yaccarino to attract advertisers, marketing industry professionals said. Musk announced Saturday that Twitter would limit how many tweets per day various accounts can read, to discourage «extreme levels» of data scraping and system manipulation. Users posted screenshots in reply, showing they were unable to see any tweets, including tweets on the pages of corporate advertisers, after hitting the limit.

“In small cap investing, if you avoid landmines, what you are left with are goldmines. Our focus is on containing downside risks. We firmly believe that if you do that job well, the upside will naturally follow,” says ArunaGiri N, Founder CEO & Fund Manager, TrustLine Holdings Pvt Ltd. In an interview with ETMarkets, ArunaGiri said: “We firmly believe that by avoiding excessive leverage, we can mitigate a significant portion of risks associated with small cap investing” Edited excerpts:Your deep value fund has been in the market for more than 15 years with a CAGR of over 17% that is very impressive. Tell us more about your journey in markets where we have seen global financial crisis as well as deep corrections as well? As fate would have it, the global financial crisis (GFC) unfolded shortly after the launch of our new intrinsic deep value fund.

strategies are the shiny new toys in the investment arena. Asset management companies are making a fervent pitch to investors to put their money in multi-asset allocation funds. Most recently, Edelweiss Mutual Fund and WhiteOak Capital Mutual Fund have introduced their offerings in this space.

Economies’ by Mariana Mazzucato and Rosie Collington. The authors argue that the reliance of large businesses and, even governments, on external experts weakens and undermines their competence and ability to accomplish their goals. The hired experts have no stake in the real outcomes and go through a highly practised performance and make their money.

The average sum insured in retail health insurance has also gone up from Rs.4 lakh to Rs.7 lakh for Reliance General Insurance in the past two years, Rakesh Jain, CEO, Reliance General Insurance tells ET Wealth.In the recent past, IRDAI has mandated several standardised products, such as those for mental health, surrogacy, etc. Are insurers facing any difficulty in implementing these? When it comes to product development, you need to have certain data to create a product and price it. Mental health plans or IVFs were never under the ambit of insurance, and the confidentiality of data meant that the insurance companies could not understand the risk and pricing.

When an exchange operates in the same time zones and language as the US, it faces the challenge of competing with peers that can leverage the world’s largest economy and a marketplace full of international investors. If that wasn’t enough competition, the Toronto Stock Exchange also faces being in the same league as some of its largest rivals.

Retailers are concerned over the tepid response to end of season sales (EOSS) and are offering discounts of up to 75% amid worries they will need to extend the period as business is yet to reach last year's levels. The next few weeks will be crucial as retailers look to clear out inventory before new-season stock is due to come in. According to ICICI Securities, higher discounts are reflective of the relative stress in underlying inventory.

Twitter users experienced difficulties searching profiles, topics, and the feed on Saturday, 1 July. DownDetector first received reports of these issues at around 12pm (noon).

Lafay won the second stage of the Tour de France in San Sebastian, ending a 15-year drought for the Cofidis team. Lafay timed his attack perfectly, breaking away from a group of 24 riders in the final kilometres and holding off Wout Van Aert to the finish line.