Stock exchange BSE Ltd. (NSE:BSE) has appointed Geetha Gangadharan as its chief regulatory officer, effective June 5, according to a Tuesday filing to the National Stock Exchange of India.
She takes over from Kamala Kantharaj, who has resigned from the position of chief regulatory officer and has been redesignated as Chief - Special Duty.
Japan's marine research agency, JAMSTEC, aims to develop a more efficient autonomous underwater vehicle by fiscal 2028 to search for seabed resources such as rare-earth elements, Nikkei Asia reported on Wednesday.The agency, which operates the Chikyu drilling vessel, conducted trial mining this year near Minamitorishima, where large rare-earth deposits are believed to lie in seafloor mud, the news daily said.The new AUV will combine cruising and hovering capabilities to improve survey efficiency and reduce exploration time, with domestic technologies prioritized given the economic security implications of such work, the publication said.The development is part of the Cabinet Office's K Program, with trial outings planned for fiscal 2028, involving the National Maritime Research Institute and Idea Consultants, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Kangqiao Service (HKG:2205) Chairman Song Gewei resigned on Tuesday to devote more time to other business ventures, according to a same-day Hong Kong bourse filing.The property management company named Dai Wei, an executive director, as the new chairman, effective the same day.Separately, Wang Na resigned as chief financial officer due to personal arrangements, the filing said.Yang Chunlei, who has been with the group since 2017 and has held various leadership roles within the finance department, succeeded Wang as CFO.
Japanese banks and insurers are speeding up sales of strategic shareholdings to cash in on surging stock prices, as investors eye how the proceeds will be used, Bloomberg News reported on Wednesday.Sumitomo Mitsui Financial Group (TYO:8316) has already achieved 52% of its 600 billion yen reduction target for the five years through March 2029, while Mizuho (TYO:8411) has cut 110 billion yen and reached 33% of its three-year goal as of March, the news wire said.The three major nonlife insurance groups - Tokio Marine (TYO:8766), MS&AD (TYO:8725), and Sompo (TYO:8630) - aim to eliminate all strategic holdings by March 2031, having already reduced their combined shares from 1.53 trillion yen in March 2024 to 920 billion yen by March 2026, or 40% of their target, the publication said.Recent transactions include major contractor Shimizu (TYO:1803) seeing over 14 million shares sold by Mizuho Bank and Tokio Marine, while five financial institutions offloaded nearly 7 million shares of electronics maker Ibiden (TYO:4062).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)