CEO Financial News

Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company

A national registered investment advisor has launched its own trust company to further expand its service offering to clients.

Pixxel plans to unveil an online software suite to browse through images of earth captured by its satellites and also order customised pictures. In an interaction with PTI editors, Pixxel Space Chief Executive Officer and co-founder Awais Ahmed said the start-up's earth observation studio ' Aurora' was part of efforts to make space-based data accessible to the common person for a small fee. Pixxel's earth observation studio is expected to go live later this year and make the hyperspectral images of the earth taken by its satellites and data analysis accessible to everyone.

Budget 2024 Expectations Live Updates: Prime Minister Narendra Modi is scheduled to meet with distinguished economists on Thursday to gather their perspectives and recommendations for the upcoming fiscal year. This meeting, which will also include Niti Aayog Vice Chairman Suman Bery and other key members, aims to influence the first major economic policy of Modi’s third term.

Tata Trusts has set up an executive committee (EC) comprising chairman Ratan Tata, vice chairmen Venu Srinivasan and Vijay Singh, and trustee Mehli Mistry, said people with knowledge of the matter. The move is aimed at expediting decision making on a day-to-day basis without having to go to the entire board for approvals and ratification, given that there are over 18 trustees across all trusts. Tata Trusts is the controlling shareholder of Tata Sons, the Tata Group’s holding company, Separately, Aparna Uppaluri has stepped down from her role as COO of Tata Trusts citing personal reasons. Uppaluri was appointed in April 2023, and was the first to hold that role in Tata Trusts. Siddharth Sharma, who was appointed CEO of Tata Trusts at the same time, remains in his position. Tata Trusts is understood to be looking for a successor to Uppaluri, executives close to the matter said.

Galaxy Digital CEO Mike Novogratz is optimistic about crypto legislation regardless of whether Biden or Trump takes control of the White House next year.

Citigroup shares fell 1.3% after hours Wednesday after it was handed a combined $135.6 million in financial penalties by the Federal Reserve Board and the Office of the Comptroller of the Currency for violating enforcement requirements.

Leading nonalcoholic brewer Athletic Brewing Company announced Tuesday it's raised an additional $50 million in equity financing in a round led by General Atlantic. 

Employees at Citigroup’s New York headquarters are facing multiple indignities. Not only does a growing contingent now have to be back in office full time, but to get to their desks, they must walk through a throng of protestors who have been camped outside the bank for much of June. Activists are calling the campaign the “Summer of Heat," vowing to show up outside Citi “week after week" and “month after month" to protest its funding of the fossil fuel industry.

Hyderabad (Telangana) [India], July 8: : Hyderabad based leading socks and cotton products manufacturing company Filatex Fashions Ltd has approved 1:5 (5-for-1) stock split to enhance the liquidity in the capital market and widen shareholder base. Approved sub-division of existing 1 equity share of Rs. 5 face value into 5 equity shares of Rs.

ChatGPT and the success of OpenAI, Sam Altman has become one of the most well known tech influentials over the last few years, having gained a net worth of $2 billion in a very short span of time. He has seen his chunk of wealth increase from his major projects and plans including ChatGPT, Y Combinator and others, according to a Newsweek report.

independent system operator to ensure fair access to full capacity of natural gas pipelines for all market players, says Indian Gas Exchange (IGX) CEO Rajesh Kumar Mediratta. In an interview with Sanjeev Choudhary, Mediratta called for splitting of gas companies engaged in both marketing and transportation to end the advantage bundled entities enjoy over standalone marketers. Edited excerpts: What are some of the measures the government can take to develop domestic natgas market? If we want to develop our natural gas market, we need to bring best practices with a level playing. Bundled and unbundled marketers should have equal access to information and the same imbalance or ship-or-pay charge mechanism.

RBI) has made certain adverse observations regarding the conduct of a senior executive chosen to head a state-owned bank. The banking regulator has made certain remarks in a letter on the conduct of Asheesh Pandey, currently an executive director (ED) at Bank of Maharashtra (BoM), and has asked the finance ministry to consider them while evaluating his candidature for the managing director position, said multiple people aware of the development. Pandey, age 54, is shortlisted for the role of MD & CEO at Indian Bank, but still requires final approval from the Appointments Committee of the Cabinet (ACC).

London, United Kingdom - February 19, 2024 - Kana Labs, a trailblazer in Web3 and blockchain infrastructure solutions, is pleased to announce its partnership with Chainwith, a leading blockchain firm focused on revolutionising community-driven ecosystems through its innovative C2E protocol. The collaboration between the two firms is a major milestone, particularly within community-driven ecosystems.

A former Vanguard portfolio manager overseeing roughly $274 billion in assets and managing dozens of funds has moved firms for a new role.

The Swiss manager said the transaction was part of its strategy to streamline its operations and focus on its core investment management capabilities. Under the deal, GAM Fund Management (Dublin) and its in-house transfer agency will also be sold to Apex. The two companies have also inked a partnership which will see GAM integrate Apex's platform, services and capabilities. GAM appoints Liontrust as delegated manager of Star Alpha Technology strategy Elmar Zumbuehl, CEO of GAM, said: «This agreement with Apex Group is a testament to our commitment to focus relentlessly on behalf of...

The network, which represents firms managing around $77trn in assets, said it is «deeply concerned» by the loss of shareholder votes on significant and related party transactions and by the introduction of a two-tier system for share ownership. ICGN CEO Jen Sisson said investors had repeatedly expressed concerns over the changes, but the introduction of the new rules shows they «have not been heard». FCA introduces overhaul of UK listings regime to bolster stock markets «It is disappointing to see what feels like a polarising approach, pitting management and their advisers against ...

Wealth Enhancement Group has expanded its reach into Utah with its latest RIA acquisition.

Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations.

Offline fashion discovery and savings platform Magicpin has reported 100% year on year increase in terms of brand on-board, as it added 1000 brands across fashion, QSR, and fine dine category. It has also added more than 75,000 local merchants in the last 12 months, taking the total to 2,75,000 merchants and 3,000 brands till date. 80% of these merchants became transactional within the first month of onboarding and witnessed substantial growth in the same month.

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