CEO Financial News

Boeing‘s new CEO is on the job and visiting a key factory near Seattle

Liberty Media, owner of Formula One Group, is confirming that it is under investigation by the Justice Department for denying Andretti Global entry into the Formula 1 World Championship

Eli Lilly blew past second-quarter expectations with the diabetes treatment Mounjaro and its weight loss counterpart Zepbound funneling more than $4 billion in sales to the drugmaker

Delta Air Lines is facing a class action lawsuit, which claims the airline refused to give refunds following a global technology outage last month

Legal experts say a lawsuit stemming from the Titan submersible disaster felt inevitable, but winning a big judgment against the owner of the vessel could be very difficult

In a setback to the U.S. Securities and Exchange Commission (SEC), a federal judge on Wednesday ordered Ripple Labs to pay a little over $125 million civil penalty in its ongoing legal battle with the regulator.The SEC initially sought a nearly $2 billion penalty, while Ripple pushed for the fine to be capped at $10 million.

The Sam Bankman-Fried founded FTX and its sister company Alameda Research have been ordered by a New York judge to pay $12.7 billion to creditors, effectively ending a nearly two years long lawsuit from the Commodities Futures Trading Commission (CFTC).

Yulu Bikes is looking to raise upwards of $100 million in a Series C round to expand operations over the next couple of years. Yulu, which has a strategic partnership to develop electric vehicles with Bajaj Auto, is looking at more than doubling the fleet of electric two-wheelers it deploys for passenger as well as cargo movement to 80,000 by the end of this fiscal year. The money will also be used to launch new products, extend reach and develop technology, Amit Gupta, cofounder and CEO of Bengaluru-headquartered Yulu Bikes, told ET. Yulu has raised over $123 million in equity capital — which includes $52 million for Yuma (a joint venture between Yulu Bikes and Magna International) — from investors including Bajaj Auto, Magna International, Blume Ventures, 3one4 capital, Wavemaker, Incubate Fund, Rocketship.vc, and other institutional and angel investors. Yulu has also secured $12 million in debt financing from the US International Development Finance Corporation and Northern Arc. Bajaj Auto had an 18.8% stake in Yulu Bikes as of February 2024.

Aug 8th, Taipei – Gate.io CEO Dr. Han Lin delivered an insightful presentation at the Asia Blockchain Summit 2024, focusing on the evolution of the cryptocurrency industry. Dr. Han explored the current state of the crypto sector, emphasizing that while the industry’s growth has been impressive, there remains substantial potential for further expansion.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Digital asset service provider BitGo has become the latest crypto player to receive the Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS).

Rumble CEO and founder Chris Pavlovski explains why he and other platforms are taking action against an illegal advertising method used by Google.

In weighing up its potential home for a Parameta Solutions IPO, the FTSE 250 company explained in its half-year results that the need for better liquidity could be a factor that could swing the decision.  «We are progressing strategic options in relation to Parameta Solutions, as previously announced. They include a potential offering, which might entail a listing in the United States, with the group maintaining a majority stake,» said Nicolas Breteau, group CEO of TP ICAP.  Superdry proposes delisting from London Stock Exchange as part of turnaround plan The leading over-the-count...

MILAN, Italy — European policymakers have longed for bigger banks across the continent.

Chennai on August 10 (Saturday). It will bring together entrepreneurs, industrialists, policymakers and sectoral experts on a common platform to discuss ways to strengthen the industrial ecosystem in the region. The ET Make in India SME Regional Summit in Chennai will focus on discussing ways to improve the state’s manufacturing and export might. To register for the Chennai summit, click here

Ripple Labs has been ordered by a Manhattan court judge to pay the U.S. Securities and Exchange Commission about $125 million in penalties over charges of improperly selling the cryptocurrency XRP, according to a court filing. WHY IT'S IMPORTANT The SEC had been seeking fines and penalties totaling $2 billion in its case against Ripple Labs, its chief legal officer Stuart Alderoty said in March. This penalty would qualify only for a fraction of that amount.

Singapore's DBS Group has appointed Tan Su Shan, currently its institutional banking group head, as CEO from March, replacing Piyush Gupta, who has led Southeast Asia's biggest bank for 14 years. She will be the bank's first female chief executive and also the first to be appointed from within the ranks of the bank.

Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share from rivals. The app, typically associated with mom-and-pop investors, saw a surge in trading volumes as meme-stock influencer Keith Gill returned to social media and reignited interest in the highly shorted shares of videogame retailer GameStop. Shares of the company rose 2.6% in extended trading after the brokerage also teased the launch of an upcoming desktop version of its popular mobile trading application.

India has been a crucible for some of YouTube’s global product successes, including that of its short video format, Neal Mohan, CEO of the Google-owned platform, told ET. A new app, YouTube Create, and some AI-led language tools are being currently tested in India before their global rollout, he added. Mohan, 51, who grew up in Lucknow, is on his first visit to the country after being appointed CEO of YouTube in February last year. Edited excerpts: What are YouTube’s priority areas and expectations from India? I've been on the ground here for a few days now. It's wonderful to see how dynamic the environment here is. The creator economy on YouTube has generated Rs 16,000 crore of economic activity along with 7,50,000 jobs. We're very proud of it and are investing heavily into it. And I think it's just a small example of where this can go.

LIC, RVNL, BSE, Hindalco, Tata Motors, Eicher Motors among others will be in focus due to various news developments and first quarter results. LIC, Eicher Motors, RVNL, SAIL, MRF and GRSE Shares of LIC, Eicher Motors, RVNL, SAIL, MRF and GRSE will be in focus today as the companies will announce their first quarter results.

Balanced Advantage fund, the second-largest dynamic asset allocation scheme with assets under management of ₹60,000 crore, reduced its equity allocation to 31.2% in July, the lowest in the past 20 months, amid increasing equity valuation. «The fund is run in a countercyclical manner, paring down equity when markets rise and increasing it when markets fall. In line with the model and the prevailing high equity market valuations, the net equity levels of the fund have been reduced,» said Sankaran Naren, CEO, ICICI Prudential Mutual Fund. Balanced advantage funds invest in a mix of debt and equity, based on market valuations. Such schemes lower allocation to equities when market valuations appear expensive and vice versa. The net equity component in the scheme can vary between 30% and 80%, with the balance being invested in a mix of arbitrage and debt, with total equity allocation above 65%, thereby giving it equity taxation. Fund managers decide equity valuations based on the trailing price-to-earnings (PE) ratio of Nifty 50 or S&P BSE 100 and use other ratios like price-to-book and dividend yield to decide equity allocation.