CEO Financial News

From tech to tractors, companies are dialing back diversity, equity and inclusion efforts. Instead, a DEI alternative endorsed by Elon Musk could alter the fate of your next job application. It’s known as MEI, short for merit, excellence and intelligence.

Nirmala Sitharaman, marks a significant step towards realising the vision of a ‘Viksit Bharat’. The Union Budget focuses on fiscal consolidation with a target of a 4.9% fiscal deficit of GDP. Key allocations include substantial funding for infrastructure, rural development, employment, and skilling initiatives. Significant policy changes include the abolition of the Angel Tax for startups, and promoting investment and innovation. The budget emphasises technology, with increased funding for research and development, also prioritising digital infrastructure, and women's development with a strong support to MSMEs and entrepreneurship.

Masayoshi Son has long prided himself on his ability to detect big shifts in technology early on. During his four decades leading SoftBank, a free-spending Japanese investment group, the billionaire has made some spectacularly successful investments. And some epic flops.

Chinese officials have warned a delegation of top U.S. executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country

Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs

Volunteering helps others out, but it also helps the volunteer

The chief executive of Delta Air Lines expects flight cancellations and delays that resulted from a global technology breakdown last week to be resolved by Thursday

Ross Young, CEO of Display Supply Chain Consultants (DSCC), announced that Samsung is set to begin production of the Galaxy Tab S10 series in August. Young also confirmed earlier leaks suggesting that this year’s series will only include two models: the Galaxy Tab S10 Plus and the Galaxy Tab S10 Ultra.

Elon Musk has once again dropped a bombshell. Now he has claimed on social media that “America is going bankrupt.” Though the SpaceX CEO has made this comment sarcastically, he may not mean it in a real sense. He took to social media platform X to reply to Dogecoin co-founder Billy Markus, who had sarcastically commented about his tax dollars funding government mishaps.

Docupace has announced a strategic investment from Genstar Capital (Genstar) that will make the latter the majority investor of the tech provider.

Raza will join CGAM CEO Alastair Laing and co-CIOs Peter Spiller and Chris Clothier in managing the firm's CG Absolute Return and Capital Gearing Portfolio funds. He joined CGAM in February 2021 as an investment analyst, a position he held for over two years before his promotion to investment manager in June 2023. Raza started his career in PwC as an adviser on corporate finance and infrastructure projects before moving on to work for HSBC in M&A and leveraged finance in 2017. CG Asset Management to launch index-linked bond fund Moriarty, who joined CGAM in 2022, will work with ...

A registered investment advisor with $2.6 billion in assets under management has secured a strategic investment to fuel its national growth.

As Donald Trump accepted the GOP presidential nomination last Thursday, he reminded the megawealthy coterie of oil tycoons backing him why he is their man. “We have more liquid gold under our feet than any other country by far, we are a nation that has the opportunity to make an absolute fortune with its energy," Trump said during his prime-time address. The speech was music to the ears of oil billionaires Harold Hamm of Continental Resources, Kelcy Warren of Energy Transfer, Jeffery Hildebrand of Hilcorp, and George Bishop of GeoSouthern Energy.

Realty developer TARC Ltd has appointed Arabian Construction Company, headquartered out of Abu Dhabi, UAE, as the principal contractor for its luxury residential developments, TARC Kailasa, located in Central West Delhi and its upcoming development TARC 63A located in Gurugram. TARC Kailasa is 2.80 million square feet luxury residential development spread across five 40-storey towers. TARC 63A Gurugram is an upcoming project, estimated to have more than 1.80 million square feet of luxury residential development spread across five 45-storey towers. “As we move forward in our journey of developing world class luxury residential projects in New Delhi and Gurugram, we are forging partnerships with the best in the world. Arabian Construction Company is known to efficiently deliver high quality developments across their 50 years of experience with the highest standards of safety, sustainability and professionalism besides specializing in construction of high-rise buildings. We want to bring the best consultants and engineers for our customers to deliver nothing less than the best,” said Amar Sarin, Managing Director & CEO, TARC Ltd.

The partnership with Visa will combine a Visa payment card with Tangem's hardware wallet enabling users to make seamless payments using their crypto or stablecoin balance at Visa-accepting merchant location.Tangem Wallet is a card-shaped cold wallet that allows users to store, buy, earn, transfer, and swap over 6,000 cryptocurrencies and digital assets. Unlike traditional custodial solutions, which depend on third-party entities to handle user funds, Tangem's card embeds a private key within the chip and requires the physical card's use in every transaction.

Mahindra Lifespace Developers Ltd on Wednesday reported a consolidated net profit of Rs 12.74 crore for the June quarter. The company posted a net loss of Rs 4.27 crore in the year-ago period. Its total income increased to Rs 206.70 crore during the April-June period of this fiscal year from Rs 110.05 crore in the corresponding period of the preceding financial year, according to a regulatory filing.

₹1.25 lakh per year will soften the blow, but only to a miniscule extent. India is a developing country where most of the savings are still parked in fixed assets. Mutual fund penetration is around 15% against the global average of 75%.

Japan’s government says it has protested against Russia’s announcement that it is permanently banning 13 Japanese citizens, mostly business leaders of prominent companies including Toyota Motor Corp., in retaliation for Tokyo’s sanctions over the Russi...

Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire

Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing

These may be the most luxurious Olympics ever