CEO Financial News

Based in San Francisco, she takes over from William Huffman, who was promoted to CEO in June. Malik is also chair of Nuveen's global investment committee. She started her career at JP Morgan in 1995 where she worked as an equity portfolio manager and research analyst. Nuveen promotes president William Huffman to CEO Malik joined Nuveen in 2003 as an equity research analyst, and was subsequently promoted to head of global equity portfolio management and then CIO. Huffman said: «As a proven leader who has dedicated two decades of her career to the evolution and growth of Nuveen...

Warner Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses from its legacy TV networks in a bid to boost its flailing stock price, the Financial Times reported on Thursday. The media giant's shares jumped 6.5% in premarket trading.

Logistics industry is expecting steps that will further improve ease of doing business in the country, incentives and benefits for green initiatives in the sector, among others, in the Union Budget for 2024-25, which is set to be presented by the Finance Minister Nirmala Sitharaman in the Parliament next week. «There is significant scope to improve the ease of doing business by streamlining regulations and adopting digital processes. Simplifying and ensuring consistency in GST administration, greater clarity and standardisation in interpretation of customs procedures, and TDS regulations are crucial steps in this direction,» said R S Subramanian, Senior Vice President & Managing Director, DHL Express India. «I am optimistic that the Budget will prioritise infrastructure and logistics as critical levers of growth, consistent with the interim Budget,» said Rizwan Soomar, Chief Executive Officer and Managing Director, DP World North Africa and India Subcontinent.

Shoppers Stop Ltd on Thursday reported a consolidated net loss of Rs 22.72 crore in the June 2024 quarter, hit by subdued consumption due to prolonged heat waves, elections and inflation. The company posted a consolidated net profit of Rs 14.49 crore in the corresponding period last fiscal, Shoppers Stop said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,069.31 crore as against Rs 993.61 crore in the year-ago period, it added.

Bengaluru mall sparked outrage online after the authorities refused to grant entry to an elderly farmer who was dressed in a traditional dhoti-kurta. Recently, an entrepreneur revealed that he and his friend were denied entry to an upscale Bengaluru restaurant because they wore slippers instead of proper shoes. Taking to X on Wednesday, Ganesh Sonawane, the CEO of founder of shoewear brand Frido revealed that he had gone to the eatery with his friend and fellow entrepreneur, Ather co-founder Swapnil Jain. However, both of them were denied entry as they did not adhere to the dress code: Shoes. Both of them were wearing slippers so had to return shamefacedly. “True story: Swapnil, Ather co-founder, and I had once gone to a restaurant in Bengaluru and were denied entry because of wearing slippers instead of shoes,” wrote Sonawane on X.

The round was led by Theory Ventures with participation from seed investors Kleiner Perkins and Amplify Partners, bringing Allium’s total capital raised to $21.5 million.Allium provides enterprise-grade, quick, and simple blockchain data to clients that helps them answer strategic questions, identify investment and growth opportunities, manage business reporting, and power their applications.The firm is hoping to capitalise on the increase in blockchain adoption and the proliferation of different networks, which will see the volume of data surge exponentially. The sheer amount and complexity of blockchain data today makes it tedious and technically challenging to understand and report activity, invest in opportunities, and build products, argues the startup.

California will be the first state to receive federal funds under a program to create regional networks, or “hubs,” that produce hydrogen as an energy source for vehicles, manufacturing and generating electricity

Wireless and fixed-network equipment maker Nokia has reported a double-digit fall in profit and sales in the second quarter due to a continuing weak market as clients are holding off investments in 5G technology

Ford says it plans to start making its F-Series Super Duty pickups at a plant in Ontario, Canada beginning in 2026 in order to keep up with customer demand for the vehicle

Quant Mutual Fund has decreased its cash holding in June to 7.17% from 12.41% in May 2024. The fund house was sitting on a cash pile of around Rs 5,861 crore in June. The total equity AUM of the fund house was Rs 75,846 crore as of June 2024. It has around 21 equity mutual fund schemes. Of these, three had over Rs 500 crore cash in their portfolios. Quant Flexi Cap Fund had the highest cash allocation of Rs 867.93 crore in its portfolio in June against Rs 1,411 crore cash allocation in May. The total equity AUM of the flexi cap fund was around Rs 6,017.25 crore. Also Read | This defence MF gave over 100% return in a year. Worth a look ahead of Budget?

Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said. Sources privy to the development said that the company is seeking an urgent hearing on the matter. Byju's did not comment on the issue.

Jason Starr felt the first flashbacks of pandemic PTSD back in mid-April.

Millington joins Sparrows from 7IM where he worked as a business development manager for more than two years, managing and building relationships with advisers and financial planners from the Midlands and North West. Prior to his stint with 7IM, he spent a year at Benchmark Capital between March 2021 and April 2022, first as a senior business development consultant and later becoming partnership director in November 2021. Jamie MacLeod steps down as Bordier & Cie UK CEO after 14 years From 2016 to 2020, Millington worked with AJ Bell in various positions, most recently as a busines...

Bitcoin Magazine CEO David Bailey is reportedly organizing a fundraiser for former President Donald Trump’s reelection campaign, with a target of $15 million.

Sterling and Wilson Renewable Energy Ltd on Thursday posted a net profit of Rs 4.83 crore for the June quarter. It had clocked a net loss of Rs 95.32 crore in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 927.89 crore from Rs 522.35 crore in the same quarter a year ago.

Founded in 2020 by banking industry veterans Dominic Duru, previously of RBS and Citi, and Khalid Talukder, previously of UBS, Citi & Deutsche Bank, DKK specialises in emerging markets (EM) and foreign exchange (FX) liquidity. The firm last raised a £3 million pre-seed round in September last year at a pre-money valuation of £100 million. DKK has seen its flow rise to $1.3 billion in transactions in the last year with Ebitda reaching an impressive $2 million. The firm has also opened dedicated offices across all key markets, including London, Dubai, Ghana, Nigeria, Cameroon and Senegal. Earlier this year, DKK received initial approval from the Dubai Virtual Assets Regulatory Authority (VARA) to offer Virtual Asset Broker Dealer Services. As part of the deal Meridien Holdings will help the firm to scale up its operations by supplying complementatary technology to help drive efficiency and distribution of its products and services.

Wipro’s leadership level, company’s chairman Rishad A. Premji, said the IT major has bred several CEOs that have gone out to build organisations, and it prides itself for being an entrepreneurial company. Speaking to shareholders in the virtual meeting, Premji said, “We pride ourselves that we have been an entrepreneurial company through our history. We have bred many many CEOs who have gone out to build organisations. The reality is sometimes people have opportunities that give them a bigger leap in their career, so people leave for those opportunities.”

Newme, an omnichannel fashion brand focused on new-gen customers, has raised $18 million in a funding round led by US venture capital firm Accel along with participation from existing investors including Fireside Ventures and AUM Ventures. This marks another instance of new consumer brands that are building their platforms online and offline simultaneously getting venture fund interest. Omnichannel fashion brands like Rare Rabbit, The Pants Project, and Virat Kohli-backed Wrogn have raised venture funding in recent weeks.

KEC International shares climbed 6% to Rs 940 in Thursday's trade on BSE after the firm secured new orders of Rs 1,100 crore for transmission & distribution (T&D) projects in India, Middle East, Australia and the America. The projects include 765 kV Transmission line and 765 kV GIS substation orders in India, from Power Grid Corporation of India Limited (PGCIL). The company also secured orders for a 132 kV transmission line in the United Arab Emirates (UAE), the supply of towers in Australia and the Americas, and the supply of Hardware and Poles in America.

Many of us can barely keep up with our jobs, never mind hobbies. Yet some top executives run marathons, wineries or music-recording studios on the side. How can they have bigger responsibilities and more fun than we do? It can seem like ultrahigh achievers find extra hours in the day.

Back when he co-founded Envestnet 25 years ago, Bill Crager didn’t plan on one day taking home the Lifetime Achievement in the Wealth Management Industry statuette at the inaugural InvestmentNews Awards. There were too many other pressing matters at the time before focusing on such fanciful dreams, primarily getting a one-of-a-kind fintech business off the ground.