CEO Financial News

CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD and CEO Arnab Banerjee. The company, which has taken price hikes of 2-2.5 per cent in the replacement segment since May, expects another round of increase towards the end of July but is betting on robust demand across categories and turnaround of the rural market to drive growth. «We would like to think that unless there are some unforeseen headwinds, the growth will be steady and positive. We would like to maintain double-digit growth in the replacement segment and international business,» Banerjee told PTI. As for the company's sales to OEM, he said, «We see growth potential much ahead of 3 per cent in the passenger segment for CEAT on the basis of the model pipeline».

‘blue screen of death’ error, Mac and Linux hosts functioned normally. Earlier, CrowdStrike CEO Kurtz, on X, had further reassured its customers, and stakeholders that Mac and Linux hosts had not been impacted.In a post on the social media platform X, Zerodha cofounder Nikhil Kamath's sibling, Nithin wrote, “Almost the entire employee base, including non-technical folks, uses Linux laptops.

Amidst the chaos caused by a faulty software update from global cybersecurity firm CrowdStrike, Bitcoin remains unaffected due to its decentralized nature and independence from centralized providers and infrastructure.

Shriram Properties has appointed Gopalakrishnan J as executive director and group CEO. He is currently serving as an executive director and Group CFO. As part of this transition, K R Ramesh will assume the role of executive director — strategy and corporate development, moving from his current position as ED-Operations. Gopalakrishnan, who joined SPL in 2018, has been instrumental in driving the company's transformation and played a vital role in the IPO process. With over 33 years of experience in corporate finance and capital markets, including tenure at Reliance Industries Limited (RIL) and the Aditya Birla Group, he brings extensive expertise to his new role.

LONDON : Hours before a star-studded runway show at the Tate Modern museum in May, Gucci’s billionaire owner, François-Henri Pinault, huddled with his newly installed leadership team at its London office to figure out where one of the world’s most iconic brands was headed. With his wife, actress Salma Hayek, preparing for the show at a nearby hotel, Pinault pushed his team to define where Gucci should position itself in the market: higher than it is but not too high. His executives presented plans to pare back the many iterations of the interlocking GG logo and better harmonize the brand’s aesthetics.

The mutual fund industry is demanding capital gains tax on the units of debt mutual funds held for more than 3 years to be taxed at 10% without indexation, as applicable in respect of Long Term Capital Gains Tax (LTCG) from debentures. The demand has been raised by industry body Association of Mutual Funds in India (Amfi), which in its proposal sent to the Ministry of Finance has said that it was «logical» to do so as this could encourage retail investor participation in bond markets. «We request for an amendment to Finance Act, 2023 and consider the mutual fund units as securities, with long-term capital tax rate thereon should be according to / in line with the capital gains tax on bonds, debentures, SDL and G-secs etc,» the Amfi budget proposal document said.

worldwide are experiencing a 'recovery' phase following a major outage. The disruption has impacted a range of institutions, including airports, businesses, media broadcasting, the stock market, government offices, and hospitality.1. Microsoft Chairman and CEO Satya Nadella on Friday took to X and wrote, “We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online."2.

CrowdStrike and Microsoft Corp., which have since released patches to address the problem.Here are key points on the issue:Microsoft Chairman and CEO took to X (formerly Twitter) to acknowledge the issue, stating, “CrowdStrike’s recent update has had a global impact on IT systems. We are actively collaborating with CrowdStrike and industry partners to guide our customers through the recovery process and restore their systems securely."CrowdStrike Holdings Inc.

Allegiant Air is getting a new CEO, with longtime leader Maury Gallagher stepping down in September

skilling is key to equip locals to meet evolving industry demands as employment is based on merit and not domicile. HR experts believe implementing a legislation like the job-for-locals bill would pose significant challenges for businesses in talent acquisition, compliance costs and stressed on the importance of skilling to equip individuals with future-proof skillsets. The Karnataka government on July 15, tabled the Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024, in state assembly. The Bill, which mandated factory or other establishments to appoint 50 per cent of local candidates in management categories and 70 per cent in non-management categories, has been temporarily put on hold.

iCapital is helping more advisors gain access to the alternative investment space thanks to a new strategic collaboration.

In the wake of recently raising tens of billions of dollars of capital with nontraded real estate investment trusts and business development companies, Blackstone Inc. is preparing to roll out new funds for financial advisors to sell to clients by 2025.

The S&P 500 is up more than 23 percent over the past year. Inflation is on its way down. And the benchmark 10-Year Treasury yield is over 4 percent, a more than reasonable rate for savers. Put it all together and even goldilocks couldn’t complain about such a benevolent economic environment.

Ryan Selkis, the CEO of Messari, a crypto research platform, has apologised for making a series of extremist pro- Donald Trump comments.

Big Brother (UK), and it was quite risqué. “I looked at it and thought, oh my god, what have I just signed up to make," says Dhar, now the group chief executive officer of Banijay Asia and EndemolShine India. “In those days, people hadn’t thought of 100 cameras, 24x7, unfiltered, reality voyeurism at its best," says 50-year-old Dhar.

Nothing Phone (2a) Plus was earlier spotted on the UAE's TDRA certification website, along with the Bureau of Indian Standards (BIS) and Jio's list of 5G-compatible devices. The TDRA listing had suggested that the Phone (2a) Plus would come with the model number A142P.With Nothing CEO Carl Pei already pushing plans for the Phone (3) to next year, it will be interesting to see what Nothing has to offer with the Phone (2a) Plus.

Tata Communications’ overseas revenues have continued to outgrow its India revenues for three consecutive quarters and hold a 58:42 ratio as of end-June 24, chief executive AS Lakshminarayanan told ET. “In the US and European markets, we are a challenger, so there is a much bigger white space for us to chase and that's why two years ago we started making all these investments in sales and marketing and our products. All of that has started to pay dividends, and we are happy to see the results,” the executive said in a virtual conversation after the company declared its first quarter FY25 earnings.

The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) began on December 22, 2020.

WGC) has made presentations to the Union finance ministry and Reserve Bank of India to come out with appropriate guidelines and regulatory framework for digital gold business in India. The council has asked the authorities to introduce checks and balances to ensure that the gold bought digitally by the customers is protected. It has also asked to put in place a transparent way to buy and hold gold digitally.

Nokia's sales in India continued to plunge in the second quarter of the 2024 calendar year, in line with rival Ericsson reporting a similar fall a few days back, with their big telco clients Reliance Jio and Bharti Airtel cutting down on network capex spends having concluded their pan-India 5G rollouts. Industry executives and analysts say Finland's Nokia and Sweden's Ericsson will now have to rely on fresh 4G and 5G gear supply deals with Vodafone Idea (Vi) to revive their plunging sales in India, and support global growth. On Thursday, Nokia posted a steep 68% Year-on-Year (YoY) fall in India net sales to ₹3,007.3 crore in Q2, 2024, while Sweden's Ericsson reported a 44% YoY slide in sales in its Southeast Asia, Oceania and India market to ₹6,093 crore approx) in Q2, 2024. Ericsson does not reveal India-specific sales numbers.

South Indian Bank reported a net profit of Rs 294 crore during the quarter ended June 2024, up 45% compared to a net profit of Rs 202 crore in the June 2023 quarter. «The bank recorded a strong growth in net interest income, treasury income besides other income on account of recoveries» said P R Seshadri, MD & CEO of the Bank in a telephonic interaction with ET.