CEO Financial News

Nisus Finance Services (Nifco), a real estate investment firm, is in the process of raising approximately $200 million from investors in Singapore, the UK, and the Middle East. The inaugural special situations offshore fund has secured $40 million to date and anticipates the first close by March 2025. An offshore entity will act as a feeder or co-investor in the domestic fund and has commitments of around $40 million. «This capital can be invested alongside the domestic pool, which is nearing final closure. We have an additional $160 million under discussion, with interest from HNIs, bank treasuries, and family offices for high-yield assets,» said Amit Goenka, managing director and CEO of Nisus Finance.

Subscribe to enjoy similar stories. From bolstering its India leadership, which includes shedding the image of the company’s Paris office being the nerve centre, to prioritising operating margins, Srinivas Pallia has embarked on an array of changes to script a turnaround for Wipro since he took over as the company’s chief executive about six months ago. Pallia took over as Wipro CEO on 6 April, replacing Frenchman Thierry Delaporte before the culmination of his term.

Subscribe to enjoy similar stories. Nike’s incoming chief executive is known for welling up with tears when he speaks about the company because he cares so much about it. Elliott Hill started working at the sneaker giant in 1988 as an intern, taking calls from customers and moving boxes in a warehouse.

Commerce and Industry Minister Piyush Goyal will meet Indian and Australian CEOs this week to discuss investment opportunities, an official statement said on Sunday. At the invitation of Don Farrell, the Minister of Trade and Tourism of Australia, Goyal will undertake a visit to Australia from September 23-25. The minister will co-chair the 19th India-Australia Joint Ministerial Commission meeting to be held in Adelaide on September 25, during which both sides will discuss ways to further elevate the bilateral economic engagement. «Commerce minister will interact with leading Australian and Indian CEOs and industry leaders and representatives from Australian pension funds to highlight the vast opportunities for investment in India,» the commerce ministry said.

Saankhya Labs and an IIT, Kanpur-incubated startup to design and roll out value-for-money mobile phones with augmented direct-to-mobile (D2M) broadcast capability. US-based Sinclair Inc., Saankhya Labs and Free Stream Technologies Private Limited, a startup incubated in the IIT-Kanpur, are commencing consumer trials for multi-media delivery and datacasting-use cases. Consumer trials will be conducted on a variety of D2M devices comprising smartphones, USB dongle accessories, set top boxes and gateways and also, low-cost feature phones, a statement from the Bengaluru-based Saankhya Labs said.

NCLAT has dismissed the petition of Adesh Kumar Gupta, former CEO and Executive Director of Liberty Shoes, seeking an exemption from minimum shareholding norm to file a case of oppression and mismanagement against the company. Gupta has 5.83 per cent shareholding in Liberty Shoes. He was removed as an executive director of Liberty Shoes on September 30, 2023 and ceased to be the chief executive officer (CEO) of the company. However, the company informed the stock exchange about his removal from the board on November 21, a day after the Chandigarh bench of the National Company Law Tribunal (NCLT), on November 20 last year, dismissed his earlier plea.

Deloitte South Asia CEO Romal Shetty has said. Shetty, who is the youngest chief executive of a Big Four accounting and consultancy firm in India, said inflation is reasonably under control, there has been a pick-up in rural demand and vehicle sales are improving. «We believe that we would be in the 7-7.1 per cent range in terms of the growth (this fiscal year). You have got the headwinds, the tailwinds… But the fact is, still India is in a better position, in spite of whatever is happening globally but we can't say we're decoupled from the world,» he said, adding that the geopolitical crisis in the Middle East and Ukraine and the slowdown in the western world will impact GDP growth. According to Deloitte projections, growth is likely to be 6.7 per cent in the next fiscal year (2025-26). The Indian economy grew 8.2 per cent in the previous fiscal year — 2023-24.

Alphabet and Google CEO Sundar Pichai has announced a $120 million 'Global AI Opportunity Fund' at the UN Summit of the Future in the US. Pichai said that the initiative will invest «one hundred and twenty million dollars to make AI education and training available in communities around the world. We're providing this in local languages, in partnership with nonprofits and NGOs». Leaders from around the world have gathered for the 79th United Nations General Assembly (UNGA) in New York — including the first ever «Summit of the Future».

Subscribe to enjoy similar stories. Three years ago, Intel was worth more than double its current value, and Chief Executive Pat Gelsinger was on the prowl for acquisitions. Now Intel itself is a takeover target, in a sign of how strategic missteps and the artificial-intelligence boom have combined to reshape the fortunes of America’s most storied semiconductor company.

pistol shooter Kim Ye-ji, whose remarkable skill and nonchalance has grasped global attention at the Paris Olympics, is going to make her debut as an actor for the role of an assassin.

The nation's wealthy opened their wallets in August with a focus on election season, donating millions to the super PACs backing Vice President Kamala Harris, former President Donald Trump and Democrats and Republicans throughout the country, according to monthly reports filed with the Federal Election Commission on Friday.

Meta CEO Mark Zuckerberg has hit the headlines for his latest style statement which features a high end luxury watch.

Air India has refunded the airfare to an India-origin CEO who had complained about facilities in the first class cabin during his recent Chicago-Delhi flight. His video showing various shortcomings in the cabin had gone viral. There was no official comment from Air India. «Come with me on the worst first class cabin I have ever been on,» Anip Patel said in a recent video posted on Instagram and also mentioned in detail about his flight. On the social media platform, Patel mentioned that he recently endured a 15-hour non-stop flight from Chicago to Delhi and that it was far from pleasant.

A major exchange-traded fund and mutual fund manager finds the winning gold trade isn't talked about as much as the artificial intelligence trade — but maybe it should be.

senior citizen earn a regular pension of Rs 1 lakh every month after retirement? A common question that is often asked by those who are about to retire. While investing your hard-earned money, you need to plan well and consider multiple factors — inflation, your risk appetite, how much return it will deliver, how much tax you have to pay, how liquid your investment is, etc. Keeping all these factors in mind, ET Wealth Online tries to derive a retirement plan for senior citizens that can fetch a Rs 1 lakh monthly pension.

alcobev industry serves as a growth catalyst for related sectors like tourism, agriculture, retail and food processing, creating direct and indirect employment opportunities for millions while showcasing the significant potential for global expansion in the spirits segment. Valued at US$52.4 billion, the sector contributes significantly to India's economy, accounting for nearly 2% of the nation’s GDP (FY21). This year, the growing acceptance of the sector was showcased by the participation at the World Food India 2024, organised recently in the capital. During a session on ‘Indian Spirits Brands Going Global: Promotion and Innovation', industry experts discussed the evolution and future of India's alcobev industry. Sanjit Padhi, CEO, International Spirits and Wines Association of India (ISWAI), led the session, and the industry experts shed light on India’s success in producing world-class spirits, particularly single malts, with globally renowned brands leading the charge.

Subscribe to enjoy similar stories. Amazon Chief Executive Andy Jassy set CEOs abuzz with envy—and white-collar workers with fear—this week with a surprise memo calling corporate staffers back to the office full time. Now, long after hybrid work seemed a settled matter at many companies, suddenly both sides are wondering: Who’s next? At a party in Seattle Tuesday evening, shortly after Jassy went public with his plan, his return-to-office rally cry was a hot topic among executives in attendance.

A record-setting week for Wall Street closed on a quieter note

Boeing is replacing the head of its defense and space business

Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending

Summit of the Future' during the UN General Assembly (UNGA). This visit seeks to enhance diplomatic ties and collaborative efforts between India and the US. Here are key agendas of PM Modi's visit to the states: