CEO Financial News

In this article

BEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.

The Starknet Foundation (SNF) is undergoing a major leadership transition. Diego Oliva, the Foundation’s first CEO since March 2023, will be stepping down after successfully establishing a robust team and structure.

₹25 lakh segment, which has the highest sales volumes India. The brand, part of the multinational automotive giant Stellantis, has struggled in its eight-plus years in India – Its models like the Compass and Meridian have made little headway, largely owing to their relatively high prices, and the lack of a 'mass-market' product. Now, it may be set to change that.

Microsoft blamed Delta Air Lines on Tuesday for its dayslong struggle to recover from a global cyber outage that led it to cancel more than 6,000 flights. The flight disruptions stranded hundreds of thousands of travelers and are estimated to cost the Atlanta-based airline $500 million. Last week, Delta's CEO Ed Bastian told CNBC that while the airline heavily relies on Microsoft and CrowdStrike, both tech companies had failed to deliver an «exceptional service.» In the interview, he also said that Microsoft had the «most fragile platform.»

₹5,000 crore on data centres over the next few years, Vittal said, which is similar to the capex it had outlined in 2021 for three years. Having postponed its call for a ₹15,000-crore rights issue due to strong cash reserves in the business, the Sunil Mittal-promoted carrier will look at paring expensive debt and distributing dividends to shareholders, as a mix to channel the future free cash flows. The telco paid ₹24,250 crore high-cost spectrum dues from the 2012 and 2015 auctions.

The summit, scheduled on 14 October, is expected to gather around 300 industry leaders in a move to «catalyse investment in the UK», according to the UK government. Chancellor Rachel Reeves, who is meeting the three CEOs in New York this week, reiterated once again that «Britain is open for business» and added that by signing up «to our international investment summit, it shows they believe it too». «They recognise we have taken some difficult decisions to fix the foundations of our economy and set us on a path to sustained economic growth as the government's number one mission – it ...

Nepsis is looking forward to its next leg of growth as it appoints a veteran with experience from Ameriprise to a newly created role.

shares up 5% on Tuesday. With more people returning to offices and stepping out of their homes, ride-sharing demand has got a boost in the past several months, benefiting companies such as Uber and rival Lyft.

India's gold industry, with the support of the World Gold Council (WGC), has established a self-regulatory organisation in a bid to increase consumer confidence and restore trust, the WGC said on Tuesday. The newly-formed Indian Association for Gold Excellence and Standards (IAGES) aims to promote fair, transparent and sustainable practices in the bullion industry, along with regulatory compliance, a code of conduct, and an audit framework, said Sachin Jain, CEO of WGC's Indian operations.

A prominent Vietnamese business tycoon has been found guilty of defrauding stockholders of nearly $150 million by falsely inflating the value of his company, in a case that comes as the government cracks down on widespread corruption in the country

Marico Ltd said during the company’s post-earnings call on Monday. The Parachute hair oil maker on Monday reported a 4% increase in domestic volumes, as consolidated revenue rose 7% year-on-year. For the quarter ended 31 March, the company had alluded to a “visible uptick" in rural demand albeit towards the end of the quarter.

Elon Musk has filed a second lawsuit against OpenAI and two founders, Sam Altman and Greg Brockman

The Canadian government says it has completed negotiations with the United States on an agreement that would allow the use of U.S. space launch technology, expertise and data for space launches in Canada

Cybersecurity software company CrowdStrike is firing back at Delta Air Lines

Donald Trump stated that Meta CEO Mark Zuckerberg called him to apologize for a photo that was incorrectly labeled on Facebook. The photo showed Trump raising his fist after a July 13 assassination attempt at a campaign rally in Butler, Pennsylvania. Facebook had initially marked this photo as misinformation, causing it to go viral with the incorrect label, as per the reports of Fox News. In an interview with Maria Bartiromo on FOX Business' «Mornings with Maria,» Trump mentioned that Zuckerberg called him twice. According to Trump, Zuckerberg expressed admiration for Trump's actions during the event, describing them as brave. Zuckerberg also allegedly said he could not support a Democrat because he respected Trump’s response to the incident. Additionally, Trump noted that Google did not reach out to him after their autocomplete function failed to show results for the assassination attempt.

The wheels of consolidation are continuing to turn at Focus, the Clayton Dubilier & Rice-backed RIA aggregator, as it unveils another merger agreement between two of its partner firms.

In this article

tech companies have again resorted to job cuts to rein in costs, even as advancements in generative artificial intelligence continue to disrupt business. So far this year, 384 tech companies have fired 124,517 employees, according to layoffs tracker website Layoffs.fyi. Chip major Intel, Windows maker Microsoft, Tinder parent Match are among the companies that have announced mass layoffs so far. Back home, Indian tech startups are also shedding jobs amid a difficult funding environment and overall valuation reset.

Actis, a global investor in sustainable infrastructure, and Mahindra Lifespaces, the realty and infrastructure development arm of the Mahindra Group, has set up a joint venture to develop over 16-17 million sq ft industrial and logistics real estate facilities across India. The joint platform Ample Parks is looking to acquire more than 700-750 acres land parcels across the country to develop these 15-17 industrial and logistics parks through greenfield and brownfield sites over the next five-six years. “India’s industrial and logistics sector represents a tremendous investment opportunity, with the country’s market strongly benefitting from a boom in consumer demand domestically and a realignment of supply chains globally in favour of India, with many corporations implementing a China Plus One strategy,” said Brian Chinappi, Partner, head of real estate at Actis.

Both transactions are forecast to be completed by the end of the first quarter of 2025 and will see UBP's assets under management swell by more than CHF 25bn. UBP said the Societe Generale's Swiss private banking branch and UK wealth management arm «have long been recognised throughout the industry», and added it hopes the acquisitions will complement the existing expertise within the firm.  UBP poaches Brown Shipley investment adviser Guy de Picciotto, CEO of UBP, said «We are extremely pleased to onboard skilled and experienced teams, and are looking forward to providing clients ...