CHIEF TRUST OFFICER
Rahul Gandhi as LoP now has a say in important appointments Like CBI, Election Commission, CVC, and CIC chiefs
Rahul Gandhi has become the Leader of the Opposition in Lok Sabha, ending a decade-long vacancy. His role includes participating in the selection of key officials such as the CBI director and Chief Election Commissioners. This position also grants him cabinet minister rank and marks his family's continued political influence, following his father Rajiv and mother Sonia Gandhi.
Modern warfare no longer solely physical domain: IAF chief V R Chaudhari
Indian Air Foece Chief Air Chief Marshal VR Chaudhari emphasised the evolving nature of modern warfare, influenced by cyber technologies, at the Combined Graduation Parade of the 213 Officers' Course. He stressed the importance of adapting, innovating, and leveraging technology for success in conflicts. He urged leaders to embody professionalism, aggressiveness, and initiative. Chaudhari highlighted the values of mission, integrity, and excellence, urging officers to prioritise reading and skills development to excel in their roles.
New York recovers $50 million for defrauded Gemini Earn crypto investors
NY AG Letitia James recovers $50 million from Gemini Trust to repay investors in Gemini Earn program, run by Winklevoss twins. Gemini to provide full recoveries to 230,000+ investors, ban on crypto lending programs in NY.
Inflation, Fed meeting to give clues for US market direction
Investors await next week's inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500's 12% YTD rise hinges on Fed's ability to manage inflation without hampering growth.
Wall St Week Ahead-Inflation, Fed meeting to give clues for US market direction
Political uncertainty may impact market stability. Early presidential debate raises concerns about 2024 election influence. Market attention shifts from economic data to political landscape.
Delhi Exit Polls 2024 Result Live: BJP looks to clean sweep national capital, yet again, predicts multiple exit polls
Exit Polls 2024 Delhi: In a closely contested battle between the BJP and the AAP-Congress alliance for Delhi’s seven Lok Sabha seats, voter turnout on May 25 surpassed 54 percent, despite the scorching summer heat. In the 2019 elections, the voter turnout in Delhi was 60.52 percent, with the BJP sweeping all seats. This year, the AAP and Congress have joined forces to challenge BJP's supremacy.
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Google is using AI to answer your health questions. Should you trust it?
Google AI Overviews, utilizing generative AI, presents search answers with a mix of reputable and commercial sources. Experts raise concerns about accuracy and clarity in medical responses, emphasizing the need for critical evaluation and reliance on trusted sources.
Audit panels of companies can’t escape blame by citing auditors’ failure: NFRA chief
NFRA chairman Ajay Bhushan Pandey emphasized the audit committee's responsibility in ensuring accurate financial statements, even if auditors fail in their duty. He highlighted the need for meaningful communication between audit committees and auditors, stating that it should not be a mere formality. Pandey's remarks come as the NFRA plans to engage with large listed companies to promote accounting standards and curb corporate frauds. This regulatory outreach is part of efforts to protect retail stock investors, a focus highlighted by Finance Minister Nirmala Sitharaman.
TRUST Mutual Fund appoints Jalpan Shah as head of fixed income
Prior to joining TRUST Mutual Fund, Shah served as Senior Vice President at HSBC Mutual Fund. He was a key member of the organisation and is credited for managing substantial AUM in the fixed income space.
The rising importance of the chief trust officer
Businesses are emphasizing trust by appointing a Chief Trust Officer (CTrO) to oversee trust-building initiatives. This role involves assessing trust levels within and outside the organisation, focusing on domains like corporate culture, compliance, and customer experience.
'We have to convert Congress into cadre-based party', says D K Shivakumar
Karnataka Congress president D K Shivakumar emphasizes transforming the party into a cadre-based party by dissolving block units and introducing 'Congress Kutumba'. The initiative aims to bring in new faces and strengthen the party's structure.
NDR InvIT reported a net profit of Rs 18.4 crore for FY2024
NDR InvIT Trust, India's first perpetual warehousing and industrial Parks InvIT, reports a net profit of Rs 18.4 crore for FY 2024, with net revenue reaching Rs 42.7 crore. Plans to add three million sq ft while maintaining healthy metrics and AAA rating.
Army chief highlights rapidly changing nature of warfare
Army Chief Gen Manoj Pande emphasized the need for NDA cadets to enhance technical competencies for future battlefields during the passing out parade of the 146th course.
2024 UP Lok Sabha Polls: BJP, SP locked in battle for Dalit votes of 'weakened' BSP in Ambedkar Nagar
The seat was a BSP bastion between 1996 and 2004 during which Mayawati won the seat thrice. In 2019, BSP candidate Ritesh Pandey won the seat for the SP-BSP alliance but switched over to the BJP in February this year and is now contesting from the party. He is being challenged by Lalji Verma, one of the founding members of the BSP and Mayawati's trusted lieutenant. Verma has been a seven-time MLA and minister in many BSP governments in the state. Currently, he is the sitting SP MLA from Katehari.
Rs 1,800 crore a day! Why FIIs are selling Indian stocks since Lok Sabha elections began
FIIs have sold Indian stocks worth Rs 37,700 cr since the Lok Sabha elections began on April 19, causing nervousness on Dalal Street. India VIX has increased by 67%. In contrast, DIIs have spent Rs 60,000 cr, holding strong amidst market volatility.
CapitaLand Investment appoints Sumit Gera as CEO- India Business Park
Sumit Gera appointed CEO of India Business Park by CapitaLand Investment Limited as part of leadership succession strategy. Gera takes over from Gauri Shankar Nagabhushanam, who becomes CEO of CapitaLand India Trust (CLINT), Asia’s first property trust focused on India. Sanjeev Dasgupta will be succeeded by Nagabhushanam in August 2024.
Awfis sets Rs 364-383 price band for IPO
The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.
CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.
Gauri Shankar Nagabhushanam is set to become the Chief Executive Officer of CapitaLand India Trust (CLINT) in August 2024. He brings over 20 years of experience in real estate private equity, fund management, and corporate finance. Previously, he served as CEO of India Business Park at CapitaLand Investment, overseeing the growth of business parks in India. Gauri holds a Master's in Finance from the London Business School and has worked with companies like Ascendas-Firstspace, Deloitte, TAIB Bank, and Samba Financial Group.
Fashion companies' dull show worries Nexus Select
The concerns are weighing on Nexus as India's first publicly listed retail Real Estate Investment Trust (REIT) is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to grow the total portfolio to 20 malls and 11 million sq ft.
Nexus to add three malls in portfolio with an investment of Rs 1,000 crore
Nexus Select Trust, India's first publicly listed retail REIT, is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to increase its portfolio to 20 malls and 11 million sq ft. The company's performance of fashion brands is a concern, as they contribute 50% of its business. However, other categories like electronics and beauty are growing by 18-20%, helping Nexus achieve its target.
UK Prime Minister Rishi Sunak asks university chiefs to fight antisemitism
British Prime Minister Rishi Sunak urged university leaders to address rising antisemitic abuse on campuses seeking a zero-tolerance approach. This comes amid the Israel-Hamas conflict. The government emphasized the importance of free debate while condemning hate speech. Sunak's meeting with university heads aims to inform guidance on combatting antisemitism on campus. The Office for Students plans to impose sanctions on universities failing to address harassment adequately. Additional funding will support Jewish students through the University Jewish Chaplaincy.
Deeptech startup Myelin Foundry raises $4 million led by Sidbi Venture Capital
Myelin Foundry secured $4 million with participation from existing investors. The funds will fuel platform development, global expansion, and solidify their edge AI leadership.
Embassy REIT to invest Rs 3,800 cr in 4 years to complete construction of 61 lakh sq ft office space
To expand its portfolio, Aravind Maiya, Chief Executive Officer of Embassy REIT, said the company is constructing 6.1 million (61 lakh) square feet of premium office space in Bengaluru to cater to rising demand from global capability centres (GCCs) and also domestic players.
CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings at HITEC City, Hyderabad
CapitaLand India Trust (CLINT) has partnered with Phoenix Group to acquire two IT buildings in HITEC City, Hyderabad, with a total leasable area of 2.5 million square feet. The acquisition is expected to increase CLINT's earnings and distributions for Unitholders, with a pro forma net profit of around S$4.5 million2 on a stabilised basis
TRUST MF Flexi Cap Fund NFO collects over Rs 500 crores
Trust MF Flexi Cap Fund was open for subscription from April 5 to April 20. The total assets collected during the NFO period reflect strong interest and participation from investors and distributors, said the press release by the fund house.
Cropin launches micro language model Aksara to aid climate smart agriculture
Cropin introduced 'aksara', a micro language model for climate smart agriculture, enabling AI solutions for global farmers. The model, designed for major crops in South Asia, aims for sustainable practices and energy efficiency while offering versatile language support.
Trust Mutual Fund launches TrustMF Flexi Cap Fund
The objective of the scheme is to provide long-term growth in capital and income to investors by actively managing investments in a diversified portfolio of equity and equity-related securities across the entire market capitalization spectrum.
Who is former IRS officer Sunita Kejriwal, as she emerges from the shadows?
Sunita Kejriwal, wife of Delhi CM Arvind Kejriwal, has stepped into the public eye, reading a message from his ED custody. A former IRS officer, she supported Kejriwal's activism and political career. Her recent appearance has sparked speculation about her political role. The BJP criticized her, while the AAP maintained that Kejriwal will remain CM. With Kejriwal in custody, the political future of Delhi is uncertain, raising questions about Sunita's potential role.
Role of chief growth officer becomes prominent as companies look for growth avenues in an evolving world
Chief growth officers (CGOs) are crucial for revenue growth and organisational success. They need a visionary outlook, financial literacy, collaboration skills, change initiatives, and industry-specific knowledge. CGOs play a crucial role in understanding the Indian market, leading cross-functional teams, and building strong relationships.
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