Executive Financial News

Cryptocurrency exchange Binance continues to lose some of its key executives amid increasing scrutiny of the platform from regulators around the world.

Aakash Education (AESL) has formed an executive council to appoint a new CEO at the brick-and-mortar coaching network following the official exit of its chief executive Abhishek Maheshwari and chief financial officer Vipan Joshi. Byju Raveendran– chief executive officer at Byju’s, Ajay Goel–group chief financial officer of Byju’s, Anup Kumar Agrawal, chief business officer of AESL and Sachin Saxena, chief human resources officer (CHRO) of AESL are part of the executive council, as per an internal note sent by Raveendran.

The New York Post reported Thursday that another senior executive at Goldman Sachs Asset & Wealth Management was considering heading to the exit, with Laurence Stein, executive vice president and chief operating officer of the group, the next potentially to go.

Years after managing two different verticals of the company, Ola founder and CEO Bhavish Aggarwal is mulling over to appoint a CEO for its cab business reported Economic Times. The new CEO, possibly an ex-Unilever executive, is likely to join the company early next week, reported Economic Times citing sources. Till now, CEO Bhavish Aggarwal has remained the CEO of the company and managed its cab business along with e-scooters verticals.

Amazon executive in northeast Delhi's Bhajanpura area, police said on Friday. The accused have been identified as Sohail (23), a resident of Noor-e-Elahi in Bhajanpura and Jubair (23), a resident of Mohanpuri in Bhajanpura, they said. With this, a total of four people have been arrested in the case so far. Around 11:30 pm on Thursday, police received a tip-off about the accused persons and nabbed them near Burari while they were trying to escape to Punjab, Deputy Commissioner of Police (northeast) Joy Tirkey said.Harpreet Gill (36), who worked as a senior manager with e-commerce giant Amazon, and his maternal uncle Govind Singh (32) were shot at and injured late on Tuesday night in northeast Delhi's Subhash Vihar area when the two were travelling on a motorcycle.

Mohammad Sameer, alias Maya, the leader of the Maya gang, who watched 'Shootout at Lokhandwala' on TV. He really liked the character named 'Maya', played by Vivek Oberoi. This inspired him to create a group called 'Maya Gang', and he started calling himself 'Maya bhai'.

Fortescue Metals has lost its chief financial officer, Christine Morris, just two months after she was appointed to the key position at the clean energy and iron ore group chaired by billionaire Andrew Forrest.

Indian Oil Corp is planning to boost its natural gas consumption two-and-a-half times by 2030 in its quest for carbon neutrality, its refinery chief has said. Indian Oil has set a net zero operational emissions target by 2046 and increasing the use of less-emitting gas is a key element of that plan. «Our natural gas consumption strategy is part of the national goal to increase the share of gas in primary energy consumption to 15% by 2030 from the current 6%,» Sukla Mistry, Director (Refineries), told ET. Currently, Indian Oil's refineries together consume about 8.5 million metric standard cubic meters a day (mmscmd) of natural gas.

CNN is bringing in former New York Times and BBC leader Mark Thompson in an attempt to turn around its fortunes

₹880-crore IPO had a price range of ₹187-197 per share. Shares of TVS Supply Chain Solutions Ltd on Tuesday closed at ₹200, up 1.32%.

Tata Motors is committed to migrate its facilities to become net zero in greenhouse gas emissions by 2045 and is working on multiple technologies to achieve this including electric and hydrogen fuel technology, its Executive Director Girish Wagh said. The USD 37 billion organisation which is the country's leading player in the commercial vehicle segment will continue to invest annually over Rs 2,000 crore in the commercial vehicle business, the official said. «As a part of sustainable transition which is an irreversible megatrend, Tata Motors is committed to become net zero in greenhouse gas emissions by 2045.

Tata Motors has pledged to transform its facilities into net-zero greenhouse gas emissions sites by 2045, and it is actively pursuing various technologies, such as electric and hydrogen fuel, to accomplish this goal, as stated by Executive Director Girish Wagh. The organization, valued at USD 37 billion and holding a prominent position in the commercial vehicle sector within the country, will persist in committing an annual investment of more than ₹2,000 crore in its commercial vehicle business, according to the official.

CaratLane on Friday appointed Avnish Anand as its new chief executive, roughly a week after the departure of its founder and former chief executive Mithun Sacheti. Anand was previously chief operating officer of the Tata Group-owned CaratLane and has been at the firm for more than 8 years. “Avnish… was employee No.1 at CaratLane and an integral part of the founding team.

Also read: Chandrayaan-3 LIVE Updates: Karnataka govt to felicitate ISRO chief, 500 scientists involved in Moon mission For the Professional Programme Examination, the Result-cum-Marks Statement will be dispatched to candidates at the addresses registered with the Institute shortly after the results are announced. In the event that any candidate does not receive the physical copy of the Result-cum-Marks Statement within 30 days of result declaration, they are advised to contact the Institute with their relevant details.

In the wake of restructuring efforts to distance itself from its founder, Leon Black, Apollo Global Management has another problem. On Wednesday, a lawsuit was lodged claiming that the company wrongfully agreed to pay  $570 million for the personal tax bills of its key executives.

Besides Lalan, who is also the leader of the JD(U)'s parliamentary party, other prominent names in the list include veteran leader KC Tyagi, one of the most visible faces in the media, who holds the designation of «special advisor and chief spokesman». All members of the party in both Houses of Parliament, except Harivansh, the Rajya Sabha Deputy Chairman, figure in the list and so do all JD(U) ministers in the state cabinet. The party has 16 MPs, all from Bihar, in the Lok Sabha, and five, including Harivansh, in the Rajya Sabha.

Citigroup Inc. Chief Executive Officer Jane Fraser is weighing an overhaul of the firm’s most powerful committee of decision makers as she seeks to simplify the Wall Street giant. 

Generative Artificial Intelligence is likely to be a tool for augmentation of roles rather than replacement of jobs, although the specific impact on the workforce will become clear overtime, Nasscom Senior Vice President and Chief Strategy Officer Sangeeta Gupta. Her observation comes in the backdrop of several roles in the tech and non-tech industry being impacted by automation, and an industry push for self-regulation and upskilling with companies like HCLTech and Wipro announcing plans to leverage knowledge automation. «How gen AI will impact jobs in India is still very unclear. Because implementation of Gen AI will happen… we believe it's more a tool for augmentation than replacement,» Gupta told PTI on the sidelines of the Nasscom Annual Technology Conference 2023. Speaking at the event, Accenture Managing Director Matt Carroll said AI can potentially replace the 40-hour work week, freeing up time for people to chase their interests. Nassom's Gupta said that the DPDP bill introduces a negative list of data which «works well with the industry» since countries where data interface is happening, will likely be in the positive list. «Given how fast technology is evolving, you cannot expect every use case to be built through this bill… continuous evolution of the rules will happen as new use cases and challenges come up,» she added. On Nasscom pushing startups listed outside India and servicing the domestic market, to come in India, she said a number of startups have located overseas because of investors' interests and concerns around ease of doing business in India. «I think you've seen a number of startups that have located overseas because of two reasons.

The ex-wife of a Microsoft executive who was gunned down in front of his young daughter has been charged with first-degree murder