CEO Financial News

British regulators have opened a preliminary investigation into Microsoft’s hiring of an AI startup’s key staff over concerns that it could thwart competition in the booming artificial intelligence market

Tesla CEO Elon Musk appears to be confirming a report that the company’s much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date

HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2.

HSBC Holdings Plc said on Wednesday it appointed Georges Elhedery as its group chief executive, with effect from Sept. 2, making him the third CEO in less than eight years for the global lender. Elhedery is the current chief financial officer and will replace outgoing head Noel Quinn in September. Since 2020, Elhedery had been the co-head of the Global Banking and Markets business, the division that houses HSBC's trading and investment banking advisory businesses. Lebanon-born Elhedery, who began his career in banking as a rates trader before joining HSBC in 2005, was named the surprise successor to Ewen Stevenson as CFO in October 2022, just weeks after returning from a sabbatical.

Zomato CEO Deepinder Goyal, Blinkit CEO Albinder Dhindsa, and enthusiastic employees, featured prominent comedians poking fun at the company’s recent policies and practices.

budget in February said that improving the social and economic conditions of women was a priority area of the government. Experts say the full budget should take more steps in this area and announce measures to further this cause. Aparajita Bharti, Co-founder at TQH Consulting, a public policy consulting firm, says the idea should be to focus on programmes that tap into the potential for entrepreneurial ventures through credit opportunities, financial literacy and skill development. There is a need for a concerted focus on schemes and announcements that create enabling infrastructure like public toilets, working women’s hostels and creches for women; reduce and redistribute their unpaid care burden and improve last-mile connectivity; engender digital and financial literacy and skills for the future of work; and provide incentives for companies to hire and advance women in the workplace.

macro uncertainties. Such contractual revisions can potentially erode margins at these companies, experts say. At least three top IT firms – Infosys, Tata Consultancy Services, and HCLTech spoke about either changes in the scope of clients’ contracts or passing productivity benefits to clients by doing the same amount of work for lower price in the last two quarters.

lenders have intensified efforts to garner retail deposits through special plans that offer savers at least 25-30 basis points more than current commitments of comparable tenures, signalling policy interest rates will remain elevated for some time now. SBI, Bank of Baroda, Indian Overseas Bank, Union Bank of India and Bank of Maharashtra have started deposit plans offering 7.25% to 7.30% on investments stretching from 399 to 444 days. These banks are offering an additional 50 basis points for senior citizens. The move to raise deposit rates comes within a fortnight of the Reserve Bank of India's (RBI's) interaction with banks. Narrowing the Gap

IPO) for its Indian unit, which owns spices and condiments brands MTR and Eastern. «We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of the study are encouraging. And we will now proceed with an evaluation of accessing the capital markets in India. Any conclusion should not be expected until sometime 2025,» Nils Selte, president and CEO at Orkla, told investors. «There are a lot of things to do before we are good to go.»

An important aspect of going RIA is understanding exactly what the different business models and fee structures are, so you can be ready to best serve the interests of your clients, as well as fully maximizing your revenue streams.

Study after study has shown how women seem to be always at risk financially – and according to new research by the Alliance for Lifetime Income, it’s no different for women entering their peak retirement years.

Pan Am, which is well-known for its opulent transatlantic flights, will make a comeback in 2025 with a voyage aboard a private jet. Established in 1927 and shutting down in 1991, the airline offers an opulent 12-day trip from New York in an attempt to bring back the golden age of travel, as per the reports of Yahoo Life. From June 27 to July 9, 2025, tourists will traverse Bermuda, Lisbon, Marseille, London, and Foynes in Ireland throughout their journey. The journey will be hosted by Pan American World Airways CEO Craig Carter and will replicate Pan Am's initial transatlantic itineraries.

Go First airline are set to move towards liquidation of the airline after finding no headway between banks and the two prospective bidders, five months after bids were formally received for the Wadia Group-owned carrier, said people familiar with the matter. Lenders are putting final touches to a voting proposal seeking liquidation of the airline after both the bids — from a consortium of EaseMyTrip CEO Nishant Pitti and SpiceJet chairman Ajay Singh, and from Sharjah-based Sky One Aviation — were below their expectations. The voting proposal may be put up before the committee of creditors this week, the people said. «Some processes like selection of proposed liquidator, calculating the cost of liquidation and funding of liquidation are being done, after which the proposal will be put to vote this week,» said one of the persons, who did not wish to be identified.

Brett Bernstein, chief executive officer and co-founder of XML Financial Group, attests one of the things that makes him unique in the advisory space is not just being an entrepreneur but also being CEO and an active advisor at his Bethesda, Maryland-based firm.

Ironsides Macroeconomics Managing Partner Barry Knapp discusses the 'era of financialization' on the 'Unbreakable Investor' town hall on 'Making Money.'

NEW YORK—For die-hard fans of the Rubik’s Cube, it isn’t about whether you can crack the iconic puzzle. It’s about how fast. In a bustling hotel ballroom in Queens, some 90 competitors are practicing or locked in a speed-cubing showdown, racing to match all sides of the three-dimensional puzzle.

In this article

His comments came after the luxury fashion group replaced its former CEO Jonathan Akeroyd on Monday (15 July) and issued a fresh profit warning. The news led to a 20% slump in Burberry's share price, which has continued to fall as markets opened today. According to data from MarketWatch, the firm's shares are down almost 4% so far. Train has been a long-term investor in Burberry via Finsbury Growth & Income, and has repeatedly backed the company despite its declining share price damaging the trust's own performance. Nick Train: 'We should not have been surprised' at Hargreaves Lans...

Mint in an interview. The volume of deals in the broader ecosystem has dropped over the past four years as uncertain macroeconomic conditions led investors to pursue fewer bets in select companies with a well-defined path to profitability. According to data sourced from Tracxn, single family offices made 31 investments in the first half of 2024 compared with 50 investments in the same period in 2023 and 120 investments in 2022.

Dogecoin, and Shiba Inu recorded gains, trading up to 3% higher. Conversely, Toncoin, Cardano, Tron, Avalanche, and Polkadot saw losses, trading down by up to 4%. Despite this, the global cryptocurrency market cap increased marginally by 0.12% to around $2.31 trillion in the last 24 hours.

JD Vance is in the news for being chosen by former US President Donald Trump as his running mate. Details of the senator’s life, his illustrious credentials, and his 2016 social media posts, which criticised Trump has gained the Internet’s attention. Additionally, all eyes are on his Indian-origin wife Usha Chilukuri Vance. Business tycoon Anand Mahindra recently drew attention to the power couple. Taking to X, the Mahindra Group Chairman shared a picture of their wedding day and wrote, “There’s another Great Indian Wedding to celebrate…” (a subtle reference to the grand wedding of Anant Ambani & Radhika Merchant, which took place on Friday). In the picture, both Vance and Chilukuri are clad in traditional Indian wedding attire. The bride looks radiant in a white and gold wedding saree, while the groom looks dapper in a cream-coloured sherwani. The post has become viral on the microblogging site, gaining more than 273K views and 6.1K likes.