CEO Financial News

Alimentation Couche-Tard made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co, in what would be the biggest foreign takeover of a Japanese company. A merger would create the world's top operator of roughly 100,000 convenience stores. Valued at the equivalent of $31 billion before news of the offer emerged, Seven & i shares jumped 23% on Monday. The company said the bid was preliminary and non-binding, without disclosing terms. A special committee of independent outside directors will make a «prompt, careful and comprehensive review of the proposal,» Seven & i said in a statement Monday. Couche-Tard confirmed it made a «friendly, non-binding proposal» but gave no details, and said it's not certain an agreement will be reached.

Quidax, a cryptocurrency exchange founded in Africa, said it has become the first crypto exchange to receive a ‘provisional operating license’ from Nigeria’s Securities and Exchange Commission (SEC).

CW Advisors has unveiled the latest step in its national growth strategy with a landmark acquisition.

Mint, sitting in his office in Bengaluru’s Koramangala neighbourhood. In 2013, he co-founded Citrus Pay, another payments company, and sold it to Naspers-owned PayU in a cash deal worth $130 million in 2016. Rau decided to take the keys from Singh and joined Pine Labs as CEO in March 2020.

The price of Solana has risen by 0.5% in the past 24 hours, moving to $142.59 after Asymmetric founder Joe McCann described the alt as the “fastest horse in crypto.”

Aug 19th, Panama – Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Center in Abu Dhabi, a global hub for Web3 technologies, are pleased to unveil Falcon Gate Ventures, a $100 million fund aiming to drive Web3 innovation in the coming years. This joint venture initiative takes a global stance to support Web3 builders that are committed to reshaping the world in the digital age.

Tether Operations, the issuer of the world’s largest stablecoin, has announced its plan to launch U.S. dollar-pegged Tether tokens (USDT) on the Aptos Network.

Incoming Starbucks Corp chief executive officer Brian Niccol is a star executive who is widely considered the best in the business. Quite frankly, it’s surprising the company was able to hire him at all. Despite the coffee-chain giant being one of the world’s most iconic and powerful brands, Starbucks has a problem for any incoming CEO.

Cryptocurrency prices showed mixed trends on Monday, with Bitcoin, BNB, Dogecoin, Cardano, and Shiba Inu trading lower, while Ethereum, Solana, XRP, Toncoin, Polkadot, and Tron traded marginally higher. As of 1:14 pm IST, Bitcoin (BTC) was down 1.6%, trading at $58,652. In contrast, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, was up 0.5%, trading at $2,620.

The ports of Los Angeles and Long Beach, which account for roughly a third of all US container imports, had their third-strongest month ever in July, just shy of an all-time high reached in May 2021. Back then, a wave of inbound consumer goods caused supply bottlenecks on land and a queue of cargo ships waiting for a berth offshore was getting longer by the day. Demand now is driven by retailers and other importers that are stocking up ahead of US tariffs on Chinese goods and a possible strike by a large group of American dockworkers — adding to the usual frenzy of pre-holiday ordering that occurs this time of year.

fuel has provoked no end of excitement. From the deserts of Australia and Namibia to the wind-blasted straits of Patagonia, companies and governments worldwide plan to build almost 1,600 plants to make it. The gas can be produced cleanly by using wind- or solar-powered electricity in a process that splits the molecule from water. There’s only one problem: The vast majority of those projects don’t have a single customer stepping up to buy the fuel. Among the handful with some kind of fuel purchase agreement, most have vague, nonbinding arrangements that can be quietly discarded if the potential buyers back out. As a result, many of the projects now touted with great fanfare by countries vying to become “the Saudi Arabia of hydrogen” will likely never get built. Just 12% of hydrogen plants considered low-carbon because they avoid natural gas or mitigate emissions have customers with agreements to use the fuel, according to BloombergNEF. The media could not be loaded, either because the server or network failed or because the format is not supported.

Some South Korean crypto exchange workers are getting paid more than staff in some of the nation’s top commercial banks, new data shows.

H100 graphic processing units (GPUs) procured by Hiranandani Group’s Mumbai-headquartered Yotta Data Services from American chip maker Nvidia are used by companies abroad and only the rest are used by Indian companies, said Yotta Data Services chief executive Sunil Gupta. He told ET that this was because of a more advanced artificial intelligence (AI) ecosystem in the West that leads to heightened demand for GPUs. By November the company plans to deploy an additional 8,000 GPUs, he said. “Last November we placed an order for 16,384 H100 GPUs. From a medium to long-term scale, 16,384 may not be enough for India. We deployed the first phase of 4,096 chips. By March-April, we had got all the chips. Around seven to eight weeks back, we commissioned all of them,” Gupta told ET in an interview on August 13.

In this article

Chennai Super Kings (CSK) CEO Kasi Viswanathan has denied that the franchise requested the Board of Control for Cricket in India (BCCI) to retain MS Dhoni as an uncapped player for the next IPL season. This comes amid reports that BCCI might bring back a provision allowing franchises to retain retired international players as uncapped, a rule scrapped in 2021. Recent media reports suggested that CSK had approached BCCI during a recent meeting to treat former captain MS Dhoni as an uncapped player. However, Viswanathan refuted these claims in a conversation with the Times of India. «I’ve no idea about it. We’ve not requested it. They (the BCCI) have themselves told us that the ‘uncapped player rule’ may be kept, that’s all. They (the BCCI) haven’t announced anything as yet. The rules and regulations will be announced by the BCCI,» said Viswanathan.

ISRO's latest satellite launch vehicle ' SSLV' is the first rocket in its category to be ready for commercialisation with two others, 'Vikram' from Skyroot and 'Agnibaan' from Agnikul Cosmos, expected to vie for market share to place small satellites in orbit. According to industry estimates, the satellite launch market in India is expected to grow from USD 720 million in 2022 to USD 3.5 billion by 2033 and small satellites are likely to be the most preferred modes for a number of applications ranging from providing internet connectivity to earth observation. Space start-ups such as Pixxel and Satsure have already announced plans to have constellations of small satellites for the range of services they plan to offer and Indian launch vehicles will vie to be the preferred rockets to place these satellites in orbit. «Larger launch vehicles are there, but with a large number of satellites being launched, companies do not want to wait, they want to launch a satellite as soon as they can and small vehicles are tailor made for them,» Lt Gen A K Bhatt (retd), Director General of Indian Space Association, told PTI.

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...

shoemaker Bata expects a revival in coming quarters, helped by festive season demand and retail expansion, according to its India Managing Director and CEO Gunjan Shah. The company expects e-commerce, which is now a «profitable» and «viable» business, to be its growth driver as it has been expanding online sales through its portal and channel partners. Besides, Bata as part of its strategy to attract new generation buyers is also investing in store renovations to become more appealing and trendy and in new relevant products with affordable propositions to increase its play further. Young buyers account for around 40 per cent of its transactions. Moreover, it would also expand its apparel range to 200-plus stores from 70 stores at present. It will also add 13 exclusive outlets of its athleisure Brand 'Power' to take the total count to 15 by the end of 2024, said Shah.

TVS Motor Company plans to expand the sales of its electric vehicles to both developing and developed markets, betting big on India's potential to emerge as a major export hub for electric two-wheelers, according to Director and CEO KN Radhakrishnan. The company will leverage on its plant in Indonesia to cater to other neighbouring markets in the ASEAN region, where it has started selling its electric scooter TVS iQube last year, he told analysts. In the first quarter of this fiscal TVS Motor Co sold a total of 52,000 units of electric two-wheelers, as against 39,000 units in the same period last year. «We strongly believe that India will emerge as a major export hub for two-wheeler EVs. With the continuous improvement in the EV supply chain and infrastructure, we are confident that we will continue to be a strong player in the EV segment,» Radhakrishnan said.

employees, who schemed to get a sick leave approved on August 16 to enjoy an extended holiday, imagine the surprise of those who didn’t even have to ask! With August 15 off for Independence Day and a long weekend ahead, many were crafting the perfect excuse to secure a day off on the 16th, hoping to enjoy five days of bliss. But at Dot Media, the CEO had something else in mind. In a twist that left employees grinning instead of groaning, the CEO took to LinkedIn with a bold announcement: “On the occasion of 'World Sick Leave Day,' we at Dot Media have decided to reject all sick leave requests!” It was the kind of statement that could have sparked a backlash, but what happened next was far from expected. Job seekers quickly inquired about vacancies, with one user quipping, “Wow!!! Amazing job done! Interview ke liye kab aau?” The CEO, not missing a beat, invited them to send in their CVs.