CEO Financial News

26.07 / 20:10

Citi CEO Align President Inside hospital Destinations Hotels plan to make room in Bihar, Odisha

hotels in Bihar and Odisha after budget proposals sought to help boost tourism in the two eastern states, industry insiders said. Organised branded hotel supply in the two states is currently limited.

26.07 / 19:50

UPS Waters CEO CRA Courts rights CEO in hot water with CRA after misunderstanding RRSP, pension plan rules

If you participate in your employer’s pension plan, the amount you’re able to contribute to your registered retirement savings plan (RRSP) is reduced by something called a pension adjustment (PA).

26.07 / 17:05

markets FIVE CEO Platform Enterprise reports Schools Direct commerce grew to 15% of ecommerce market from 2-3% in 5 years, says Shiprocket CEO

Direct commerce as a channel for selling online in India has become 15% of the ecommerce market, Shiprocket cofounder and chief executive Saahil Goel said.

26.07 / 13:44

COST CEO Tesla Coronavirus pandemic reports Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays

Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices

26.07 / 13:01

UPS Manufacturing CEO community Investigations boating Company says manufacturing problem was behind wind turbine blade breaking off Nantucket Island

The maker of a massive wind turbine blade that broke apart off Nantucket Island says a manufacturing problem was responsible

26.07 / 10:21

markets Digital CEO Platform community pop innovations Toonsutra raises funding from Funimation founder Gen Fukunaga

26.07 / 07:45

Progressive CEO Tesla social gay Schools Interviews 'Elon Musk is desperate for attention': Tesla CEO's daughter slams him for ‘woke mind virus’ remark

Vivian Jenna Wilson, Elon Musk's estranged daughter, has publicly refuted her father's recent comments about her childhood and transition. Wilson accused Musk of fabricating stories about her and seeking attention through his controversial statements.

26.07 / 01:40

markets UPS CEO Trade President International Gold bondholders winners even after slash in duty

₹3,119 per gram while the current rate of 24-carat gold is ₹6,818 per gram, a gain over two times on investment , or 10.3% compounded annual growth rate, as per Reserve Bank of India (RBI) and India Bullion & Jewellers Association (IBJA) rates. To give context, the Nifty has compounded by 13.8% over the same period, making gold a "reasonably good portfolio diversifier, along with the interest on the issue price," according to Amol Joshi, founder, PlanRupee Investment Services, a mutual fund distributor.

26.07 / 01:17

Citi Extreme CEO reports Schools Colleges International KKR's roll call for EuroSchool chain tempts Carlyle, Partners, EQT, CPPIB

₹1,400 crore, and infused more funds to acquire assets. The private equity firm has hired JP Morgan and Avendus to find buyers for Lighthouse. The 100% stake sale in Lighthouse, that was formerly called EuroKids International Group, assumes significance given that schooling and pre-schooling are perceived as regulated sectors, and any foreign investor will have to get comfort before going ahead with the investment, the three people said.

25.07 / 23:53

CEO Platform Strategy Bitcoin Bitfarms rights Riot Platforms Bitfarms Adopts New ‘Poison Pill’ Strategy After Tribunal Sides with Rival Riot Platforms

Bitfarms, a prominent Bitcoin mining firm, has adopted a new ‘poison pill’ strategy following the Ontario Capital Markets Tribunal’s termination of its initial plan to fend off a hostile takeover attempt by rival Riot Platforms.

25.07 / 18:11

UPS Target CEO Food Loblaw reports Loblaw boycott had ‘minor’ impact on sales, CEO Per Bank says

The boycott of Loblaw stores in May had only a “minor” financial impact on Canada’s largest grocers, according to the company’s CEO.

25.07 / 18:09

Provident Cooper CEO Platform community President rights New York Community Bancorp subsidiary selling residential mortgage servicing business for $1.4B

A subsidiary of New York Community Bancorp, Flagstar Bank, is selling its residential mortgage servicing business to Mr. Cooper Group Inc. for about $1.4 billion

25.07 / 18:08

UPS Digital CEO reports travelers Schools Go Digit net profit surges 73% in Q1 FY25

Go Digit General Insurance reported a 73% jump in net profit to Rs 101 crore for the quarter ending June 30, compared to Rs 58.4 crore last year.

25.07 / 17:42

COST CEO Airlines Discover performer reports travelers Southwest Airlines plans to start assigning seats, breaking with a 50-year tradition

Southwest Airlines plans to drop the open-boarding system it has used for more than 50 years and will start assigning passengers to seats, just like all the other big airlines

25.07 / 17:38

COST CEO Action wellness performer reports Carmaker Stellantis pledges to tackle problems in North America as profits plunge

Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings

25.07 / 17:30

UPS Provident CEO Strategy Research wellness Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena

Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations

25.07 / 17:23

markets Fox CEO show Mortgage rates increase slightly

Redfin CEO Glenn Kelman discusses the housing industry, arguing 'affordability is really a problem.'

25.07 / 14:05

CEO Entertainment Remark wellness Celebrity pop Headlines Min Hee Jin’s inflammatory Kakaotalk chats leaked; ADOR CEO under fire for making offensive remarks on New Jeans members

Min Hee Jin has become synonymous with controversy. The CEO of K-Pop company ADOR and the brain behind 4th generation pop sensation New Jeans.

25.07 / 12:59

markets CEO security Enterprise testing Schools Indian cybersecurity startups on growth path: Accel’s Prayank Swaroop

India’s cybersecurity market, worth about $6 billion in 2023, is set to see considerable growth in the near future with sub-sectors such as application security likely to spawn exciting firms, said Prayank Swaroop, partner at venture fund Accel.

25.07 / 12:00

UPS CEO Mobile Sustainability performer reports Adani Green Energy Q1: Net profit surges 95% to Rs 629 crore

Adani Green Energy Ltd, the renewable energy arm of Adani Group reported a 95% increase in consolidated net profit for the quarter ended June 30, on the back of higher revenues led by capacity addition. Net profit came in at Rs 629 crore against Rs 323 crore reported in the first quarter of the last fiscal year.

25.07 / 10:29

markets CEO Strategy WhatsApp Cycling track Edelweiss Business Cycle Fund garners Rs 1,800 cr in NFO

Asset Management Ltd on Thursday said it has garnered over Rs 1,800 crore during the new fund offering (NFO) of its Business Cycle Fund. Edelweiss Business Cycle Fund, an open-ended equity scheme, was open for subscription between July 9 and July 24. In a statement, the mutual fund house said that NFO received a strong response from investors, with over 90,000 applications amounting to more than Rs 1,800 crore.

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