CEO Financial News

Piyush Goyal will be the guest of honour at a star-studded ceremony to celebrate the winners of the tenth edition of The Economic Times Startup Awards on Saturday, October 5, the country's most coveted recognition in entrepreneurial excellence. The event in Bengaluru will host a galaxy of business leaders and policymakers, as ETSA 2024 marks a decade of celebrating India's brightest entrepreneurs and startups. Goyal's first interaction with startup industry leaders at the ceremony post removal of the so-called 'Angel Tax' is expected to provide insights into the government's push to further support the new-age economy which has seen several companies go public this year.

According to a London Stock Exchange notice today (16 September), group finance director Mike Morgan will take over the Sainsbury's responsibilities, supported by chair Mike Biggs and members of the senior management team.  «The group has put in place robust temporary cover arrangements to ensure continuity in the delivery of the group's strategy during this period,» the firm said.  Close Brothers AM CIO Robert Alster and head of bespoke Giles Marshall depart in restructure Sainsbury joined Close Brothers in 2013 as CEO within the commercial division, and became group CEO in Septem...

Jungkook seemingly gave a shoutout to his labelmate girl group New Jeans through a cryptic Instagram post, fans of the group have noticed some suggestive activity on the Phoning app. Her update read, “Ur my sun (sic) on a cloudy (sic) day.” However, following Jungkook’s posts that same day, she reportedly updated her status to a collection of colourful heart emojis, It is now a “blue heart (sic), pink heart (sic), yellow heart (sic), green heart (sic), purple heart (sic) along with a sparkle (sic), blue cap (sic), and pink heart with an arrow (sic).” Fans were quick to link Danielle's updated status to Jungkook's Instagram posts, interpreting the heart emojis as a nod to the NewJeans members, similar to what Jungkook had done on his own Instagram. However, the use of the blue cap emoji stirred controversy. Many noted that this emoji is often associated with former ADOR CEO Min Hee Jin, who was frequently seen wearing a similar cap during a press conference after her disagreement with HYBE, according to Koreaboo. In light of BIGHIT MUSIC’s statement, where they clarified that Jungkook’s posts were meant to prevent younger artists from being «dragged into disputes or used as shields,» some fans interpreted Danielle’s use of the blue cap emoji as a quiet show of support for Min Hee Jin, resulting in backlash.

Subscribe to enjoy similar stories. New Delhi: At 8 am on 7 September, a large, 2,600-sq.ft coffee shop quietly opened its doors in Delhi’s affluent Punjabi Bagh West. At first glance, it seemed like just another café in a neighbourhood dotted with them.

Subscribe to enjoy similar stories. A tough job just got much tougher for Boeing’s new CEO. When the jet maker’s largest union went on strike Friday, the walkout compounded the list of problems facing Kelly Ortberg, who took Boeing’s top job five weeks ago.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

B2B e-commerce platform Bizongo split its raw material marketplace BizongoBuy and embedded supply chain finance platform Biognosis into new and larger businesses, each to be led by a new chief executive officer. The group--backed by Accel and IFC—also appointed a chief technology and product officer, and chief financial officer, strengthening its senior leadership. Former banker Kiran Dev has been named CEO to lead BizongoFin, the fintech arm specialising in embedded supply chain financing solutions to address the more than $300 billion unmet SME credit needs. With over 19 years of experience, including leadership roles at Disprz and Standard Chartered Bank, she will play a critical role in delivering flow-based embedded financing to SMEs.

«What I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out?,» says Sachin Jain, Regional CEO India, World Gold Council Gold prices have hit a record high of $2,570 per ounce. Do you expect this upward trend in gold prices to continue? What is your internal estimate? Where do you see the prices to be going forward because foreign brokerages are expecting gold prices to touch around $2,700 levels. Sachin Jain: So, I will not be able to comment on the recommendations or the target given by Goldman Sachs or any other company. But what I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out? First of them is the central bank's buying, that is an important consideration. Second is the consumption demand in jewellery. The third is how the financial markets normally react. And the fourth is normally the new age requirements of gold, which are mostly around to do with new age technology and so on and so forth.

While the tax benefits on these investments have shrunk in the past few years, things have been very different for the National Pension System (NPS). Tax benefits for the NPS have progressively increased in the past 10 years, each change making the pension scheme more advantageous for the investor. This year’s Budget has enhanced the tax deduction for those opting for the new tax regime. Under Section 80CCD(2), up to 10% of the basic pay put in the NPS is tax-free. This has been increased to 14% of the basic pay under the new tax regime. This makes the NPS a compelling investment. A person with a basic salary of Rs.1 lakh a month can potentially save Rs.52,000 in tax by opting for the NPS benefit. High income earners with large investible surpluses will find it especially beneficial. Some corporates are going the extra mile to encourage their employees to sign up for the pension scheme. “A leading MNC offered to contribute Rs.1,000 for six months for every employee who chose to open an NPS account. It’s like a Swavalamban scheme for corporate employees,” says Sriram Iyer, CEO of HDFC Pension.

Before he ran for the Senate in Pennsylvania, David McCormick was a big name on Wall Street as CEO of the world’s largest hedge fund

Subscribe to enjoy similar stories. Andrea Orcel made his name helping banks choose the moment to pounce on a rival. Last week, the CEO of Italy’s deal-hungry UniCredit made his own move on Germany’s Commerzbank.

Subscribe to enjoy similar stories. It’s a scenario that has played out at companies for decades: Two colleagues meet. A romance blossoms.

Ride-hailing leader Uber on Friday announced it will dispatch robotaxis built by driverless technology pioneer Waymo beginning next year in Austin, Texas, and Atlanta in a deal that deepens the bond between once-bitter rivals

Subscribe to enjoy similar stories. Mumbai/New Delhi: Bharti Real Estate will not join the bandwagon of companies launching projects beyond their home markets despite its peers doing so, as it continues to focus on building a $2 billion business district near Delhi airport, S.K. Sayal, CEO and MD of the real estate arm of the Bharti Group, told Mint.

Chief Economic Advisor to the Centre, V Anantha Nageswaran has said banks should adapt to changing customer preferences and market dynamics in order to remain competitive. He highlighted the crucial role of agriculture in driving economic growth at an event organised by public sector Indian Bank here on Saturday. In his remarks on the topic 'Indian Economy and Banking: Growth and Trends", Nageswaran stressed on the importance of technological advancements in driving growth and innovation in the industry. The CEA, in a press release issued by the Bank, emphasised the need for banks to adapt to changing customer preferences and market dynamics to remain competitive.

Suresh Narayanan, chairman and managing director of Nestle India. When the 64-year-old is not looking at volume growth and operating margins, the uptick of Maggi and the prices of cocoa, he sets his sights on rocky trails and mountain peaks. An avid trekker and mountaineer, he went on a weeklong arduous trek with a band of friends to Tosamaidan, at a height of 13,000 ft, in Kashmir, a couple of months ago. It is not just Narayanan. A growing tribe of corporate chieftains, in their 50s and 60s, take a break from their corner office for the arduous outdoors. They swap one set of challenges for another as they travel to tough terrains. Some climb Mount Kilimanjaro in Tanzania and Machu Picchu in Peru. Others make their way to the Everest base camp or Kang Yatse in Ladakh. Nearer home, Uttarakhand, Kashmir and Himachal Pradesh are their playgrounds. These executives dare themselves at every stage. The discipline required to push through challenging conditions is something they often bring back to the boardroom.

Adani Green Energy Ltd (AGEL) on Saturday said its board has approved the appointment of Saurabh Shah as the company's Chief Financial Officer. Phuntsok Wangyal, the current Chief Financial Officer, will relinquish his position in view of his resignation, effective on September 30, 2024, the company said in a stock exchange filing. According to the filing, the board in its meeting held on Saturday approved that Shah, presently serving as Deputy Chief Financial Officer at Adani Enterprises Limited, will assume the role of Chief Financial Officer of AGEL with effect from October 1, 2024. Shaminder Singh Jamwal will assume the role of Head — Security, effective from October 1, the company said.

Arunangshu Sarkar to the Oil and Natural Gas Corp board as the company’s first director (strategy and corporate affairs). The Appointments Committee of the Cabinet (ACC) has approved the oil ministry’s proposal to appoint Sarkar, group general manager (production) at ONGC to the board, the oil ministry said in a communication to the company on Saturday. He will stay in this position until his retirement. Nearly two years ago, while appointing Arun Singh, a retired BPCL chairman, as the new CEO of ONGC the government decided to restructure the ONGC board to revitalize the organization. The posts of director (offshore) and director (onshore) were abolished and replaced by two new positions of director (production) and director (strategy and corporate affairs) on the board.

Uber on Friday announced it will dispatch robotaxis built by driverless technology pioneer Waymo beginning next year in Austin, Texas, and Atlanta in a deal that deepens the bond between once-bitter rivals. The alliance expands upon a partnership the two companies forged in Phoenix last year, signaling they were ready to set aside their differences and work together following a bruising legal battle revolving around allegations that Uber had stolen Waymo's trade secrets. Uber's increasing reliance on Waymo's robotaxis to supplement the fleet of cars driven by people responding to requests sent on a mobile app comes just a few weeks after it announced plans to deploy driverless cars from General Motors' beleaguered Cruise subsidiary.

Hindustan Zinc Limited has said its all-women mine rescue team will represent India at an international competition. The country's first all-women mine rescue team will be among 26 teams at the XIII International Mine Rescue Competition to be organized by the National Mining Agency, Colombia, under the guidance of the International Mines Rescue Body (IMRB). «Hindustan Zinc's team marks a historic breakthrough as the first-ever all-women team from India to compete on this prestigious global stage, demonstrating their exceptional rescue skills and expertise,» said Arun Misra, CEO Hindustan Zinc Limited. He said that the participation highlights our ongoing commitment to gender diversity and parity, ensuring equal representation and opportunities across all levels.

Subscribe to enjoy similar stories. Jim Farley had just returned from China. What the Ford Motor chief executive found during the May visit made him anxious: The local automakers were pulling away in the electric-vehicle race.