CEO Financial News

Super.Money has officially launched its credit-first Unified Payments Interface (UPI) application for the public, following a successful beta phase that saw over 10 million transactions. The Bengaluru-based startup has completed testing its credit on UPI solution and has introduced a wait-list programme. Super Money’s first credit solution is a Rupay credit card that functions as an interest-bearing wallet on UPI rails, it said. The company is working with Utkarsh Small Finance Bank, IndusInd Bank and Axis Bank to offer various financial services. Prakash Sikaria, founder and CEO of Super.Money, told ET that the company aims to be among the top five players in India’s competitive UPI market. Currently, Walmart-owned PhonePe and GooglePay dominate the market, accounting for over 85% of the 14.4 billion UPI transactions recorded in July.

Hero MotoCorp is gearing up to expand its scooter range and consolidate its position in the 125 cc bike segment as it looks to grow faster than the competition, according to CEO Niranjan Gupta. The company plans to roll out both petrol and electric scooter trims and also bolster the production capacity of 125 cc bike Xtreme 125R to cater to enhanced demand. «There will be action on the scooters front and action will be big on both ICE and EV side. The Destini full-body change will be unveiled very soon and then it will be followed by Xoom models — 125cc and 160cc — within this fiscal,» Gupta said in an analyst call. Coming to the EV segment, where the company will undertake portfolio expansion into mid- and affordable segments within this financial year, he added.

Starbucks has announced that Brian Niccol will be the new chairman and CEO, effective September 9, 2024. Niccol, who will succeed Laxman Narasimhan, will start his new role amid a significant leadership transition at the global coffee company. Narasimhan's departure, after just over a year as CEO, has set the stage for Niccol's high-profile appointment.

UAVs) is rising in agriculture, surveillance, logistics and infrastructure, among others. As a result, many industries are seeking fresh talent to leverage this technology. The collaborative efforts of the government, industry leaders and educational institutes are helping to bridge the skill gap in this segment. This is also making thedrone industry brim with job opportunities. However, before building a career in this sector, freshers need to know the in-demand roles, skills, pay expectations, and other details.

sports retailer Decathlon on Wednesday said it will invest 100 million euros (around Rs 933 crore) in India, its one of the fastest growing markets, in the next five years to expand retail footprint and manufacturing operations. The company expects its business to become double in next three to five years, said Decathlon India CEO Sankar Chaterjee. The company plans to have a network of 190 stores, having presence in over 90 stores in next 5 years as part of its expansion, he added. Besides, a handful of this would also be spent on enhancing the digital channel as per the omni-channel approach of the company.

BEIJING — China's latest export controls has rattled insiders of the critical minerals industry, and some are concerned that Beijing will leverage its global supply chain dominance in unprecedented ways.

Rivian's head of manufacturing is leaving the electric vehicle startup to join Stellantis at a time when the maker of Jeep SUVs and Ram pickups is preparing to launch a number of battery powered cars. Tim Fallon will join Stellantis as its head of manufacturing in North America effective Sept 2, Stellantis said in a statement. Rivian, known for its R1S SUVs and R1T pickups, appointed its head of logistics Carlo Materazzo, a former Stellantis executive, to oversee production in the interim, CEO RJ Scaringe said in an internal email seen by Reuters.

Saurabh Mukherjea, who runs Marcellus PMS firm, has added smallcap stock CMS Info Systems and two new midcaps — Coforge and Escorts Kubota — while exiting Tata Elxsi from his Rising Giants fund. The midcap-focused fund has underperformed BSE500 TRI across one-month, 6-months and one-year time periods. «We continue to make suitable changes in the portfolio to create more diversity and bring the healthy earnings growth trajectory back in the portfolios,» Mukherjea told clients in a note.

OpenAI on Tuesday announced a multi-year partnership with Conde Nast to display content from its brands such as the Vogue and the New Yorker within the AI startup's products, including ChatGPT and SearchGPT prototype. Financial terms of the deal were not disclosed. OpenAI has signed similar deals with the Time magazine, Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain's Prisa Media over the past few months.

Neville Tata, 32, has taken charge as head of Star Bazaar, signalling the rise of the next generation of Tatas. Star Bazaar is the hypermarket unit of Trent Ltd, which houses the Tata Group’s retail businesses. Neville is the son of Trent Ltd chairman Noel Tata, the half-brother of Tata Group patriarch Ratan Tata who is chairman emeritus of Tata Sons, the conglomerate’s holding company. Neville was on the board of Trent Hypermarket, the grocery retailing subsidiary, as a non-executive director but has stepped down from that post as he takes on a more executive role, executives close to the development said. He was associated with the hypermarket business a few years back, then went overseas to study, sources said. Trent Ltd has identified its hypermarket business as the next growth driver. P Venkatesalu is the CEO of Trent Ltd.

₹4 crore is required. This amount doubles for medium-sized hubs and is about ten times more for large export hubs.

Jammu and Kashmir on Tuesday said that a special summary revision of photo electoral rolls has concluded, registering significant increase in women electors and first-time voters. The CEO informed that 93,000 new voters have been registered and the number of polling stations across the Union territory has also gone up by 209. «As per the Special Summary Revision-2024 completed with publication of the final electoral roll, the total number of voters stands at 88.03 lakh. These include 44.89 lakh males, 43.13 lakh females and 168 third gender electors,» the CEO said in a statement. He further said that the number of young voters in the 18 to 19 years age group has increased by 45,964, with 24,310 of them being women, even as the overall number of the women voters has also gone up by 51,142.

comprehensive strategic partnership following talks between PM Narendra Modi and his Malaysian counterpart Anwar Ibrahim here. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in digital technologies. The bigger focus of the talks was to expand trade and investment and explore cooperation in new and emerging areas.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

The asset management space stands at a crucial inflection point as firms reckon with a growing complexity from economic, technological, and market crosscurrents, according to the latest annual global survey report from the Index Industry Association.

centi billionaires, but their combined wealth is more than $2.2 trillion. The combined net worth of the 15 members has increased by roughly $360 billion this year to $2.2 trillion. Almost all of them have increased their wealth by $360 billion this year. That is less than the combined values of Netflix ($289 billion), Coca-Cola ($298 billion), and Bank of America ($305 billion). It’s time to discover the listicle of individuals whose worth is at least $100 billion. Here’s complete data with a wealth source, a breakdown of the amount each person's wealth has changed this year, as per Bloomberg's estimate of their net worth.

Markets (NISM)) and FPSB India (Financial Planning Standards Board) have come together to launch a Postgraduate Program in Financial Planning along with a series of capacity building initiatives for the securities market’s ecosystem, a media release said. An MoU was signed between FPSB India CEO Krishan Mishra and NISM Registrar Sunil Kadam and aligns with the Union Budget 2024’s focus on skilling and employability, paving the way for enhanced career opportunities for finance professionals.

UKG, a provider of human resources, payroll, workforce management and culture solutions has appointed Nitin Chandel as group vice-president and India country manager. In his new role, Chandel will serve on the UKG senior leadership team and oversee key operations in India, with a focus on hiring top talent and steering in-country product development and engineering for the company’s human capital management (HCM) and workforce management solutions. His appointment follows the recent announcement that former co-CEO of SAP Jennifer Morgan has been appointed CEO of UKG.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Google beta app for Android version 15.32.37.28.arm64. While Google is reportedly working on many layouts, none of them feature the search bar at the bottom of the page.Also Read | Ex-Google CEO Eric Schmidt’s startup White Stork aims to arm Ukraine with AI-powered attack dronesWhile Google hasn't officially confirmed the new change, let alone given a reason for removing the familiar search bar, the tipster suggests that the new UI changes are driven by data analysis and "modelled after how actual users interact with the app".This doesn't mean that the search bar will no longer be available in the Google app.