CEO Financial News

Wojcicki’s husband, Dennis Troper, shared the heartbreaking news on August 10th, expressing his profound grief. «My beloved wife of 26 years and mother to our five children left us today after two years of living with non-small cell lung cancer,» Troper wrote. «Susan was not just my best friend and partner in life, but a brilliant mind, a loving mother, and a dear friend to many. Her impact on our family and the world was immeasurable. We are heartbroken, but grateful for the time we had with her.»

YouTube CEO Susan Wojcicki passed away after a two-year battle with non-small cell lung cancer, her husband Dennis Troper announced. Google and Alphabet CEO Sundar Pichai shared his tribute on social media, highlightingiGoogle's early history, including advocating for the acquisition of YouTube in 2006.

HDFC faced a hostile banking landscape following the merger in 2022, HDFC Bank MD & CEO Sashidhar Jagdishan was quoted as saying by a ToI report on August 10. Jagdishan acknowledged that the banking landscape changed dramatically after the lender decided to merge with parent HDFC in April 2022, but he defended the decision. Speaking at the bank’s annual general meeting, Jagdishan highlighted that the global economic situation had shifted, altering their initial growth projections due to tighter liquidity conditions and shifts in consumer preferences. Jagdishan noted that the bank's decision to merge had initially factored in growth rates based on a benign liquidity environment. However, this changed after the Reserve Bank of India (RBI) announced a series of repo rate hikes from May 2022, starting with a 40 basis point increase, in response to rising commodity prices following the Ukraine invasion. These rate hikes, totaling 250 basis points, alongside RBI's measures to drain surplus liquidity, increased deposit costs for banks, impacting HDFC Bank significantly as it needed to raise deposits not only for incremental growth but also to cover HDFC's erstwhile assets.

board member, Omid Kordestani, sued the social media company owned by Elon Musk on Friday, claiming that the billionaire refused to cash out more than $20 million worth of shares. Kordestani, who joined Twitter's board in 2015 and helped oversee the sale of the company to Musk in 2022, received most of his compensation in stock. But after Musk bought the company, now called X, he refused to pay Kordestani for those shares, the lawsuit said. X «seeks to reap the benefits of Kordestani's seven years of service to Twitter without paying him for it,» said the suit, which was filed in California Superior Court in San Francisco.

Kirin Holdings Co. wants to overtake entrenched global brands by building a $70 million beer factory and raising fresh funds ahead of a public listing in 2026. B9 Beverages Ltd is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India’s biggest beer factory and expand production, founder and Chief Executive Officer Ankur Jain said in an interview. The company currently leases six brewing units and sells an equivalent of 8 million cases of beer a year. The New Delhi-based company has also appointed investment bank Morgan Stanley to lead another round of fundraising ahead of the IPO.

tech world by storm in the US. A number of the top-tier leadership positions or CXOs in these companies are also held by Indians or those of Indian origin. While the spotlight is on the likes of Microsoft chairman and CEO Satya Nadella and Alphabet CEO Sundar Pichai, the second rung is also filled with Indian Americans who are likely to be the leaders of tomorrow at these companies. They include Apple senior vice president of operations Sabih Khan; Nvidia executive vice president of worldwide field operations Jay Puri and senior vice president of enterprise sales and business development Shanker Trivedi; Tesla chief financial officer Vaibhav Taneja and Google senior vice president Prabhakar Raghavan, who is widely considered to the second most important executive at the search giant. Other prominent executives include Meta vice president of machine learning Sandeep Pandey and vice president of product management Ragavan Srinivasan; storage major Micron’s chief business officer Sumit Sadana; Salesforce president and chief engineering officer Srini Tallapragada; Manish Sharma, chief executive officer, North America, Accenture; or Naga Chandrasekaran, who has been appointed chief global operations officer at global chip company Intel two weeks ago. He replaced company veteran Keyvan Esfarjani who retired after 30 years at Intel.

restructuring spree under new CEO Srini Pallia, IT major Wipro has elevated three veterans, as per an internal email seen by ET. Meanwhile, a senior executive who joined under ex-CEO Thierry Delaporte's watch has decided to exit the firm. Wipro has appointed Nanda Kishore, who has served the company for 30 years, as chief of delivery and operational excellence. He is currently the chief operating officer (COO) of Americas One. Dilip Dialani, who has been with Wipro for almost two decades, will take over from Nanda as COO of Americas One in Q3. Before he succeeded Delaporte as Wipro CEO, Srini had helmed Americas One as CEO. The firm is elevating the role of its chief information security officer Aathir Ahad, a Wipro veteran for over 21 years. Effective immediately, he will report to the company's COO Sanjeev Jain. Ahad will continue to shape the company's security strategy, ensuring compliance and safeguarding data, read the mail. Questions mailed to Wipro remained unanswered till the time of going to press.

Market volatility isn’t just a concern — it’s a constant threat, and Jeff Hausinger, president & CEO at All Seasons Wealth, faces it head-on.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

If you’re going independent, you might prefer to take a hands-on approach and do everything in-house when it comes to managing client assets. After all, that’s part of the reason why you went independent in the first place.

Growing concerns about the US economy which have reignited talk of recession – and this week’s market volatility – are weighing on sentiment of retail investors in equities.

Mint, potentially alleviating their burden of keeping 90 days of stocks. Acknowledging that Honasa's overall inventory with distributors is higher than that of other FMCG companies, Alagh said as the company changes its distribution model from super-stockists to direct distributors, which was announced during Q4 FY24 earnings in May, the supply chain will be streamlined, helping bring down the holding period. Honasa has also signed a partnership with third-party logistics company Delhivery to use its mother warehouse, the CEO said.

Google. They said the tech giant moved too slowly. So they created Character.AI, a chatbot startup, and raised nearly $200 million. Last week, Shazeer and De Freitas announced that they were returning to Google. They had struck a deal to rejoin its AI research arm, along with roughly 20% of Character.AI's employees, and provide their startup's technology, they said. But even though Google was getting all that, it was not buying Character.AI.

tech capital of India, Bangalore has topped the list of 20 APAC cities with the largest flexible office stock at 15.5 million square feet, surpassing cities such as Shanghai, Seoul, and Tokyo. Following Bangalore, Delhi NCR ranks second with a total flexible office space stock of 10.7 million square feet as of June 2024, mentioned CBRE. Recent growth in the Asia Pacific flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible office operators.

Chevron Chairman & CEO Mike Wirth sits down with FOX Business Maria Bartiromo to discuss Americas energy agenda, the demand for data centers and the regulatory environment.

HCLTech's arm HCLSoftware plans to acquire 100 per cent stake in France-based software firm Zeenea SAS at a valuation of 24 million euros, in an effort to diversify its data and analytics business offerings. The all-cash deal is expected to be completed in September 2024, according to a regulatory filing by HCLTech. HCLSoftware Chief Product Officer Kalyan Kumar said the acquisition will enable the firm to offer a unified data intelligence solution that will power enterprises to discover, govern, connect, manage and better leverage data in their data engineering and GenAI journeys. «HCLSoftware Actian Data Platform has seen strong growth in Hybrid Data Management and Integration over the last few years. By adding metadata management, data catalog and governance capabilities, the customers would be able to consume these capabilities of the data platform,» the filing said.

Created by Estée Lauder Companies’ New Incubation Ventures and launched with lead partner Nykaa, this year’s program will highlight the dynamic growth of the beauty sector in India, which is witnessing increased brand activity, innovation, and investment. The 2024 initiative will spotlight companies engaged in social initiatives that improve their communities and ecosystems, as well as founders pioneering new technologies, ingredients, or solutions tailored to Indian beauty consumers. The program has begun accepting entries for this edition of the awards, and participants can submit their entries via [https://beautyandyouawards.com](https://beautyandyouawards.com/) in three categories: Grow, Imagine, and Create. Each category focuses on a different cohort:

According to the firm's annual results published today (9 August), HL recorded £4.2bn in net inflows, down from £4.8bn for 2023. The drop came amid declining client and asset retention rates, which have steadily fallen from 92.1% to 91.4% and from 91.4% to 88.5%, respectively, in the last three years. Net inflows into HL's new funds, launched over the past two years, added only around £500m, while assets under management reached £10.3bn by the end of 2024, aided by market movements. Hargreaves Lansdown's Derren Nathan: Investing in leadership and the rise of the rockstar CEO Dan...

₹150 crore this year to overhaul 25 outlets, enhancing customer experience and transforming showrooms into luxury lounges for clients to make car purchases leisurely. This is no surprise. The German luxury carmaker derives a significant chunk of its revenue and a quarter of its sales volumes from its most expensive cars, all with a price tag in upwards of ₹1 crore.

Coforge and Persistent Systems earned more than their counterparts in TCS and Infosys in the last financial year as some Indian midcap IT firms are paying top dollar to their CEOs who are growing their business despite headwinds from multiple directions. Coforge CEO Sudhir Singh’s annual remuneration jumped three times in FY24 to more than $12.5 million (Rs 105.12 crore), making him the second-highest paid Indian IT firm CEO last financial year, trailing only former Wipro CEO Thierry Delaporte. Other midcap IT firm CEOs like Nitin Rakesh of Mphasis and Sandeep Kalra of Persistent Systems earned Rs 44.13 crore ($5.2 million) and Rs 77.1 crore ($9.1 million), respectively, in FY24, according to the companies’ annual reports.

logistics firm Delhivery’s chief executive Sahil Barua says the economics of deliveries in 10-15 minutes may not be sustainable for categories beyond groceries and fast-moving consumer goods. In an interview with ET’s Pranav Mukul and Samidha Sharma, he says the timelines will start increasing as the cost of quick deliveries becomes apparent. Delhivery, which swung back into a profit for the April-June quarter, is launching a network of shared dark stores for brands and ecommerce players to deliver in 2-4 hours, but will steer clear of instant deliveries, says Barua, who is also an independent director at IPO-bound food and grocery delivery firm Swiggy. Edited excerpts: Revenue growth has been slow for Delhivery over the past year. Is there pressure on your top line? Our express parcel business, which is the ecommerce-linked segment…is reflective of market conditions. Our volume growth could have been slightly higher but last year, Meesho launched Valmo (its logistics vertical) and overall volumes for third-party players have been constrained a little bit. We’re relatively less affected given that we don’t have too much dependence on Meesho, but overall volumes available on the third-party side have come down. Plus, this is the period where we have commercial renegotiations with a lot of our customers. So, until that’s done, the volume uplift takes a little bit of time.