CEO Financial News

Neworld Developers, a Gurugram based realty company is targeting Rs 5,000 crore revenue over the next five years from multiple projects across Haryana and Goa, a senior executive said. With a focus on delivering integrated townships, villas, resorts, and hospitality-linked developments, the company’s first project will be in Goa and will be launched in May 2025. The project, which is near to the MOPA airport, has already received all necessary approvals under state regulations, including the NA (Non-agricultural) registration and Occupancy Certificate (OC), ensuring transparency and reliability for homebuyers.

Subscribe to enjoy similar stories. On 1 April, investors in Vadilal experienced a moment of sweet vindication as shares of the company surged more than 14% intraday, hitting a record high of ₹5,250. This was more than a mere spike in the small-cap stock—it was a resounding vote of confidence.

Bewakoof, founder and CEO Prabhkiran Singh shared his journey from a modest office in a Mumbai slum to building a brand popular among urban youth. Singh posted on LinkedIn about the challenges he faced, including working in a small space without air conditioning under a tin shed, and the resilience that helped the company grow.

Bharat. Mark Duey, CEO, Water For People, and Bishwadeep Ghose, Country Director, India, talk to ET Digital, explaining the role of SHGs in promoting water sustainability and a healthier water future in India. Water For People is a US-based NGO that has been working in India for the past 15 years to ensure access to safe water. Economic Times (ET): Tell us about your Jalbandhu initiative. How is it driving employment in rural communities?

global trade landscape, and to maximise its position in trade realignments, it must strategically defend its key sectors while leveraging shifts in global supply chains, said Brad Staples, Chief Executive Officer of APCO Worldwide. Answering exclusive questions of ANI, Staples said, «India must fast-track its bilateral trade negotiations, „Fast-tracking Free Trade Agreements (FTAs) and ensuring a stable, predictable trade environment will enhance India's appeal as a trusted global trade partner.“ The US is increasingly using tariffs as a strategic tool; it imposed 25 per cent duties on steel and aluminium and recently extended the same 25 per cent tariff to imported automobiles and automobile parts. It is also considering additional levies on pharmaceuticals and semiconductors. This presents both challenges and opportunities for India's trade landscape.

JSW Energy shares are likely to be in the spotlight on Wednesday, April 2, after the company announced a major operational milestone, surpassing the 10 GW installed capacity mark in FY2025, a first in its history. “JSW Energy Limited (“the Company”) has achieved a significant milestone by adding 3.6 GW of generation capacity during FY2025, marking the highest annual capacity addition in the Company's history,” the company said in an exchange filing.

KEC International will be in focus on Wednesday after the company announced that it has secured new orders worth Rs 1,236 crore in both domestic and international markets. According to an exchange filing, the company’s Transmission & Distribution (T&D) business has secured new orders for projects in both India and the Middle East. These include transmission line and substation orders in the UAE and Kuwait, as well as a substation order from a private TBCB player in India.

Subscribe to enjoy similar stories. Hindustan Unilever Ltd (HUL) has drafted in Rajneet Kohli, former chief executive officer (CEO) of Britannia Industries Ltd, as executive director, foods, a move that marks a sharp departure for the FMCG major which has mostly preferred elevating in-house talent to its leadership positions. Kohli, a veteran of the FMCG sector, worked with companies like Jubilant Foodworks, Coca-Cola and Asian Paints before joining Britannia as CEO.

Subscribe to enjoy similar stories. In India, CDSL Ventures Ltd (CVL) is granted recognition by Sebi to act as an accreditation agency for investors. The person will have to carry out the accreditation process on his own, visit the CVL portal, and submit proof of identity, such as PAN, Aadhaar card or passport.

Subscribe to enjoy similar stories. SoftBank Group has agreed to lead a funding round of up to $40 billion in OpenAI. It’s a deal which should boost the value of Microsoft’s stake in the ChatGPT maker but raises the bar for the successful conversion of OpenAI into a for-profit company.

Munro joined Newton in 2021 as CEO from Aviva Investors, where he held a similar role for more than seven years. Prior to that, the outgoing CEO spent nearly 18 years at Standard Life Investments, now Aberdeen, in several senior roles. BNY closes amber-rated Newton Managed Targeted Return fund after failed merger Sheth became co-CIO in 2022, joining from Redington whether he served as CEO for nearly six years. Writing on LinkedIn, Munro said it has been a «privilege to lead this storied firm». «I am leaving behind some of the best investors I have ever had the privilege to work ...

Election Commission of India (ECI) has concluded its largest-ever engagement drive with political parties, conducting 4,719 meetings nationwide at the levels of Chief Electoral Officers (CEOs), District Election Officers (DEOs), and Electoral Registration Officers (EROs) as of March 31, the apex poll body said. According to a ECI release, these meetings, held over 25 days, included 40 by CEOs, 800 by DEOs, and 3,879 by EROs, engaging over 28,000 representatives from political parties across the country. The meetings were held in accordance with directives issued by Chief Election Commissioner (CEC) Gyanesh Kumar, along with Election Commissioners Dr Sukhbir Singh Sandhu and Dr Vivek Joshi, during the CEOs' conference held between March 4-5 this year at India International Institute of Democracy and Election Management (IIIDEM) in the national capital. The nationwide meeting across these levels aimed at addressing the pending issues within the legal framework of the Representation of the People Acts of 1950 and 1951, the Registration of Electors Rules, 1960, the Conduct of Elections Rules, 1961, and ECI guidelines. State and Union Territory CEOs have been asked to submit action-taken reports, with unresolved issues to be escalated to the Commission for further review, the release said.

Christine Hunsicker has resigned from her position as chief executive officer of CaaStle after the fashion-technology startup’s board of directors alleged she misrepresented the company’s performance to investors, according to a March 29 letter to shareholders seen by Bloomberg News. CaaStle faces “a severe and immediate liquidity problem,” and the board is considering options including a possible wind down, liquidation or strategic transaction, according to the letter. The company is planning a two-week-long furlough for its employees. Law enforcement authorities are also investigating the matter and the company is cooperating, the letter said. Hunsicker didn’t respond to calls and emails seeking comment.

Initially announced back in 2024, Amundi will supply non-US products for Victory Capital's distribution in the US as part of the deal, while Victory Capital will provide American active asset management products for Amundi's distribution outside of the US. Amundi appoints Eric Bramoullé as UK CEO In exchange for the partnership, Amundi received 21.2% of equity in Victory Capital, or 17.6 million shares at closing, which equals 4.9% of voting rights in the company. According to Amundi, the firm expects its total equity interest to hit 26.1% in the next following months. Davi...

Lightmatter, a startup valued at $4.4 billion, on Monday released two pieces of technology aimed at speeding up the connections between artificial intelligence chips. Instead of moving information between computer chips as electrical signals, Lightmatter's technology uses optical connections and what are known as silicon photonics to move the information using light. Mountain View, California-based Lightmatter has raised $850 million in venture funding to date as such optical technologies have kicked off a wave of investments in Silicon Valley amid a search for better ways to string together chips to power chatbots, image generators and other AI applications.

Subscribe to enjoy similar stories. New Delhi: A seismic shift is rocking India’s retail landscape, with several chief executives of high-profile companies jumping ship and docking with rivals, even as the industry grapples with slowing growth and evolving consumer behaviour that is moving towards value brands. From Levi Strauss & Co.

Rainbow's move comes after nearly two decades at Schroders, which he joined in 2007 as head of UK marketing. Schroders Americas CEO Phil Middleton to become head of UK as James Rainbow exits «After 17 years, 11 months and 21 days, today marks my last official day at Schroders,» Rainbow said in a LinkedIn post on Monday (31 March). «I know that this was actually announced last November and since then I have enjoyed a fantastic break from work, however it feels like now is the right moment to mark the end of this chapter. „Schroders has unquestionably changed in so many ways since...

He has spent the past seven and a half years as chair of Waverton IM, during which time he briefly served as interim CEO in 2019 and deputy chair of London & Capital following the firm's merger in July last year. M&G, T. Rowe Price and Waverton funds gain RSMR rating Rosier will continue to support the business by establishing a client advisory council which will act as a sounding board for the firm with the aim of strengthening client relationships as the business develops. The retiring chair said it has been «a huge pleasure» to work for Waverton IM and London & Capital.  «Hav...

The chief executive of Primark, one of Europe’s biggest fast fashion retailers, has resigned after an investigation into his behavior toward a woman in a social environment

Renault Monday said it will acquire alliance partner Nissan’s stake to fully control manufacturing operations in India run by JV Renault Nissan Automotive India Private Limited (RNAIPL). Renault will acquire the 51% stake in the manufacturing operations currently held by Nissan, post which RNAIPL will become its wholly-owned subsidiary. Nissan will continue to utilise the manufacturing infrastructure, even after it exits the JV company. Renault will contract manufacture existing and new models scheduled to be launched in the country by Nissan over the next two years, both for domestic and exports markets, till the end of life of these vehicles.

US Cybertruck sales fell 32.5% during the January to February period, down to only 2,619 units, reported Auto Blog. Even though CEO Elon Musk had claimed that the Cybertruck is the company's «best product ever,» according to the report.