President Financial News

After the close on Monday, DraftKings (NASDAQ:DKNG) announced leadership changes, with chief financial officer (CFO) Jason Park moving into the role of chief transformation officer, effective May 1, 2024. As a result, Alan Ellingson, DraftKings' senior vice president of finance and analytics, will be elevated to CFO beginning the same day.

Taranjit Singh Sandhu—one of the most experienced Indian diplomats on US affairs—on Tuesday, March 19, joined the Bharatiya Janata Party (BJP) in the national capital city, Delhi. The former ambassador joined the saffron party at its headquarters in New Delhi's Deen Dayal Upadhyay Marg in the presence of party general secretaries Vinod Tawde and Tarun Chugh. The Saffron party may field Sandhu against Kuldeep Singh Dhaliwal of the Aam Aadmi Party AAP from the Amritsar constituency in Punjab in the upcoming Lok Sabha elections 2024, newswire PTI reported.

The youngest daughter of Pakistan President Asif Ali Zardari and slain premier Benazir Bhutto, Aseefa Bhutto has dived into Pakistan’s turbulent politics. She has filed her candidacy for the by-poll at a National Assembly seat in Sindh province left by her father.

New Delhi, Former Indian ambassador to the United States Taranjit Singh Sandhu joined the BJP on Tuesday amid the possibility that he may be fielded in the Lok Sabha polls from Amritsar in Punjab. He joined the party in the presence of its general secretaries Vinod Tawde and Tarun Chugh.

Ethiopia's largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw unlimited funds, according to local media reports.

alcohol beverages industry is poised for margin improvement and higher sales in the fiscal year 2025, according to ICRA, a credit rating agency. ICRA projects a revenue growth of 8-10% for its sample set of domestic alcohol beverages (alcobev) companies in FY2025. Indian made foreign liquor (IMFL) companies are anticipated to witness revenue expansion of 11-13%, driven by a preference for premium products alongside a volume growth of approximately 3-5%. Beer companies are expected to experience a revenue increase of 9-11% year-on-year, primarily due to a 4-6% rise in volumes.

Stanley has spent the past few years turning a vacuum-insulated, 40-ounce water bottle into one of the most-desired womenswear accessories on the planet. Now it is widening its focus to include the customer it was first designed for more than 110 years ago—men. The company, which is owned by Chicago-based HAVI, next year plans to release new products geared toward guys beyond its current male audience of outdoor enthusiasts.

Bharatiya Janata Party (BJP) in the forthcoming Lok Sabha elections saying that the country is fervently demanding a change. Kharge said the Prime Narendra Modi's ‘guarantees’ highlighting in the BJP's poll campaign will mee the same fate as party's "India Shining" slogan ahead of 2004 general elections. "Country is fervently demanding a change.

Lok Sabha polls that are scheduled to take place in seven phases beginning from April 19. “PM Modi is a big leader but injustice done to me and my party. So I am resigning as Union Minister," Paras said after putting his resignation papers.

TOKYO (Reuters) — Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S. Steel is based if the deal goes through, an executive said, adding to the pledges from the Japanese steelmaker to secure the transaction.

By Luc Cohen

Navy Joan Roberts in a statement issued July last year, President Joe Biden has once again refused to acknowledge his fifth granddaughter, fathered out-of-wedlock by first son Hunter Biden and Lunden Roberts. According to the New York Post, participating in a Women’s History Month reception at the White House Monday, he said, «I see a future for all Americans, a future for my daughter and my four granddaughters, by the way, they’re incredible.»

Buy or sell stocks: The range-bound action continued in the Indian stock market for the second consecutive session on Monday. The Nifty 50 index ended 32 points higher at the 22,055 level, the BSE Sensex finished 104 points higher at the 72,748 mark while the Bank Nifty index went off 18 points and closed at the 46,575 level.

Gaza City and Khan Younis. In a post on X (formerly Twitter), Biden said he had a telephonic conversation with Israeli PM Benjamin Netanyahu regarding the latest developments in Israel and Gaza.

Lok Sabha elections 2024 campaign. - Tata Steel Board will meet on Tuesday to consider fundraising through non-convertible debentures (NCDs) on a private placement basis, the company said in an official statement. - Indian cricket legend Virat Kohli is expected to attend the RCB Unbox event in Karnataka today.

iPipeline, a global fintech provider that caters to the life insurance and financial services sector, is changing the face of annuity management by taking a page from the UberEats playbook.

Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for the former president to post a bond covering the full amount of his $454-million civil fraud judgment while he appeals.A state appeals court judge ruled last month that Trump must post a bond covering the full amount to pause enforcement of the judgment, which is to begin on March 25.With interest, Trump owes $456.8 million. In all, he and co-defendants including his company and top executives owe $467.3 million.

ALSO READ: Joe Biden roasts Donald Trump at Washington dinner:‘One candidate is mentally unfit and the other is…' | Top 6 quotes In the filing, Trump said that he has approached about 30 surety companies through 4 separate brokers to reach his estimate that “a bond requirement of this enormous magnitude" could require “cash reserves approaching $1 billion." Trump didn’t explain where he got the figure, but surety companies can require collateral far exceeding a verdict to ensure they don’t face any risk. “Diligent efforts since that time, including countless hours negotiating with one of the largest insurance companies in the world have proven that obtaining an appeal bond in the full amount of the judgment is not possible under the circumstances presented," Trump said.

S Jaishankar. It is important to note that the India-Ukraine inter-governmental commission—established in April 1994—oversees all aspects of the bilateral relationship including trade, economic, scientific, technological, industrial and cultural cooperation. The Ukrainian foreign minister’s India visit has yet not been officially announced by either of the countries, though he is expected to be in New Delhi around March 28, the report said.

NEW DELHI : Packaged consumer goods maker Procter & Gamble India on Monday announced the appointment of Kumar Venkatasubramanian as the company's new chief executive officer, effective 1 May, 2024. Venkatasubramanian will succeed LV Vaidyanathan, who is leaving the company to pursue other interests after 28 years of service to P&G, the maker of Ariel, Tide, Whisper, Olay, and Gillette brands, it said in a statement. Vaidyanathan took over as CEO, P&G India, on 1 July, 2022.

(Reuters) — U.S. Steel, whose deal to be bought by Japan's Nippon Steel has run into political resistance, including from President Joe Biden, forecast first-quarter earnings below estimates on Monday due to lower demand in its tubular business.