CEO Financial News

Elon Musk, the CEO of Tesla and SpaceX, said in a post on X on Tuesday that his companies were looking for ways to invest in Argentina and support the South American nation. Argentina is the world's fourth-largest producer of lithium, a critical component of electric vehicle batteries. Musk has previously showed admiration for Argentine President Javier Milei's libertarian politics and his full-throated embrace of private enterprise. The billionaire hosted Milei at a Tesla factory in Austin, Texas, in April.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

NetApp president and chief executive officer, George Kurian said. “It (AI) is expected to transform and deliver 50% of the automation and efficiency improvements for large parts of the work we do. It is expected to transform the way we interact with each other. To put that in perspective, $7 trillion of annual labour productivity improvements will happen over the next decade,” Kurian, who is also a member of the board, said in his keynote address at the NetApp Insight 2024. There has been significant progress in AI’s capability to understand and analyse data over the last year, which has come a long way from the technology’s ability to understand handwriting, followed by speech, image and object recognition. However, this has transformed multi-fold over the last few years as AI can now understand without human involvement the domains in which it operates and switch domains as well, he said.

The hire is part of the group's plans to bring together its public and private markets businesses under a «unified global asset manager», the firm explained in a stock exchange notice today (24 September). Race for private markets M&A: Traditional asset managers face list of hurdles in making tie-ups pay L&G has more then £1.1trn in assets under management and is targeting asset management operating profits of £500-600m by 2028, while aiming to grow the private markets platform from £52bn to £85bn. Adler joins from PGIM where he is president and CEO of the private alternatives busi...

Subscribe to enjoy similar stories. Nike Inc, the sneaker-maker, has gone and done it. Last week, it parted company with Chief Executive Officer John Donahoe and replaced him with Elliott Hill, a longtime Nike executive who had retired in 2020.

single-use plastics were banned on July 1, 2022. However, India used several more types of single-use plastic items. The Plastic Waste Makers Index 2019 ranks India as the thirteenth-largest investor in single-use plastic polymer production across the world. A section of experts and stakeholders say that the ban is not being uniformly enforced and these materials are being used for primary packaging across sectors. Vaibhav Anant, Founder & CEO of Bengaluru-based sustainable packaging solutions provider Bambrew, says that the primary reason single-use plastics are still being utilised for packaging across industries is a deep-rooted and widespread belief that there are no commercially viable alternatives. “All of this is a misconception,” adds Anant.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part of a normal leadership succession plan

Working five days a week has long been the corporate cultural norm

Key export sectors include electronics, pharmaceuticals, and perishables, with companies like DHL predicting a 20% annual growth rate in the industry. «We're bullish,» said Etihad CEO Antonoaldo Neves, highlighting that cargo potential from India. DHL CEO Pablo Ciano also identified significant growth areas in contract logistics and cross-border trade, emphasising that India's finished goods exports are growing at «20% year over year.» The logistics landscape is evolving, with increased investments in warehousing and fulfillment centers tailored to sectors like life sciences and healthcare.

Modi's three-day visit to the United States, where he engaged with leaders from US-based companies specializing in cutting-edge technologies, including AI, quantum computing, and semiconductors. Both Pichai and Huang praised Modi's vision for a "Digital India" and his focus on AI's potential to transform various sectors, such as healthcare, education, and agriculture.Speaking after the meeting, Pichai highlighted Modi's commitment to harnessing AI for societal benefits in India.

Having originated as Peel Hunt's REX platform in 2015, the now independent company received authorisation from the Financial Conduct Authority in April and will be spearheaded by CEO Aaqib Mirza, who was previously chief technology officer at Peel Hunt.  Peel Hunt: All British firms should be included in the GB ISA regardless of incorporation address Mirza noted that RetailBook's independence is «a significant milestone for the firm».  According to the firm, the decision to create an independent company and platform is part of its objective of «creating fairer and more inclusive ca...

Subscribe to enjoy similar stories. Future computer chips may be able to help ease the alarming energy demands of generative artificial intelligence, but chip makers say they need something from AI first: a slowdown in the sizzling pace of change. Graphics processing units so far have dominated the bulk of training and running large-scale AI models.

Wearing the worst mistake in Toronto-Dominion Bank’s 169-year history is not how Bharat Masrani expected to end his 10-year tenure as CEO. U.S. allegations that TD facilitated money laundering by criminal drug gangs in three states to the tune of US$653 million are all that Bay and Wall Streets are talking about when his bank is mentioned these days.

Gaurav Munjal, the CEO of ed-tech platform Unacademy, recently announced on social media that he secured tickets for British band Coldplay's upcoming concert in India. The announcement sparked excitement among fans, leading to a surge of conversations on social media about plans to attend the concert.

Bitcoin, Ethereum, BNB, Solana, and Avalanche. As of 12:27 pm IST, Bitcoin was trading 1.3% higher at $63,703, while Ethereum had risen 3% to $2,656. Other notable gains included BNB up 1.9%, Solana increasing 0.3%, Toncoin surging 1%, Cardano rising 1.3%, Avalanche up 2.2%, and NEAR Protocol gaining 9%.

Fusion Finance expects an increase in its Estimated Credit Loss (ECL) provisioning to Rs 500 crore — Rs 550 crore in Q2FY25, compared to Rs 348 crore in Q1FY25, the micro finance institution disclosed in a stock exchange filing. The company also announced a leadership change with plans to appoint a new CEO. Following the announcement, Fusion Finance’s shares fell 10% on BSE, when the benchmark index gained 0.20% at 1 pm. However, the final provision will be confirmed with the Q2FY25 results, pending a statutory audit review.

artificial intelligence (AI) will most certainly lead to the creation of new roles and jobs in the economy, although some of the current functions involving «repetitive» and «commoditised» tasks may be impacted, according to Deloitte South Asia CEO Romal Shetty. In fact, more new jobs will be created than in the past given the transformative impact of AI, Shetty said and emphasised that human intervention and interface would still be key to optimising the full benefits of emerging technologies. Shetty said that AI could affect jobs that are repetitive and commoditised but will yield more opportunities for companies and workers. "...Where something is repetitive and commoditised, those jobs could be lost but will there be new jobs created, new roles created? Hundred per cent and absolutely," he said in an interaction with PTI editors at the agency's headquarters here.

Overseas investors bought Indian equities worth ₹32,779 crore across 17 sectors in the first 15 days of September, according to data from NSDL. Financial services received the highest inflows as Foreign Portfolio Investors (FPIs) pumped ₹12,253 crore into the sector in the first-half of September, after selling a similar amount in August. Nifty Bank and Nifty Financial Services indices gained 6.13% and 6.95%, respectively, in the past month. From January to August, overseas investors pulled ₹64,932 crore out of the shares in the sector.

Subscribe to enjoy similar stories. A dramatic surge in purchases of index futures contracts and in cash buying by foreign investors on Friday signalled a sharp improvement in their sentiment towards India. The bullishness became apparent after the US Federal Reserve cut its policy rates by an outsized 0.5 percentage points on Wednesday.

Piyush Goyal will meet Indian and Australian CEOs this week to discuss investment opportunities, during his visit to Australia from September 23-25, the government said Sunday. Goyal will co-chair the 19th India-Australia Joint Ministerial Commission meeting with Don Farrell, Australia's Minister of Trade and Tourism, to be held in Adelaide on September 25. «Commerce minister's visit will add further impetus to the strong and growing trade and investment ties between India and Australia, which have received a boost following finalization of the bilateral Economic Cooperation and Trade Agreement (ECTA),» the commerce and industry ministry said in a statement.