CEO Financial News

Airtel's data centre arm Nxtra has joined the RE100 initiative, a flagship global initiative led by Climate Group in partnership with Carbon Disclosure Project, and has committed to sourcing 100 per cent renewable electricity, the company said on Thursday. Nxtra has the largest network of data centres in India with 12 large and 120 edge data centres across the country. «We are an environmentally responsible brand and have been increasingly adopting clean energy alternatives. We are on a healthy trajectory towards achieving our net-zero goals of 2031 and are happy to become a part of the RE100 initiative with a commitment to 100 per cent renewable electricity,» Nxtra by Airtel, CEO, Ashish Arora said in a statement. According to the statement, Nxtra has become the only data centre organisation in India to have pledged to RE100 and the 14th Indian company to achieve this milestone.

Americana Partners, a Texas RIA managing over $7 billion in assets, is breaking into the Latin American market with the creation of a new dedicated division.

Vodafone Idea (Vi), which is set to embark on a mega expansion plan for 4G network and roll out 5G services, has completed trials using Samsung's virtualised RAN (vRAN) technology. Experts say the technology is expected to bring substantial cost savings to the telco as compared to legacy hardware infrastructure. ET explains what vRAN is, the type of network optimisation it can bring and what it means for Vi's vendor ecosystem. What is vRAN?

As CIO, Alster was responsible for the wider central investments and funds teams, having joined the firm in 2014 as head of research. He will be succeeded by CBAM's head of wealth planning John Edmeads. Marshall joined CBAM in 2007 as an investment director and was later promoted to COO for investments, eventually becoming head of bespoke in 2019. Close Brothers AM restructures senior investment leadership He will be replaced by CEO Eddy Reynolds, who will receive support from CBAM's chief commercial officer Nathanael Pinder. Pinder, in turn, will be taking a position on the execut...

Also Read: Nifty Bank hits fresh high, crosses 53,000 mark as it continues winning streak for 4th day in a rowOverall, 19 constituents of the Nifty 50 index are trading in the green, with gains ranging between 0.1% and 4.3%.“Key heavyweights continue to push the benchmark index higher to achieve new targets. We remain positive on the market and advise traders to maintain a positive bias and use any dips as a buying opportunity," said Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One.The Sensex and the Nifty 50 started off Thursday's trading at record high levels with little gains on the day of the monthly derivatives' expiry, but eventually saw losses as a result of profit-booking in the early trade.

Salil Parekh, CEO of India's second biggest IT services export company, has agreed to pay a fine of ₹25 lakh (close to $30,000) to the markets regulator for failing to have adequate controls to prevent insider trading, it added.The case pertains to entities and individuals including Pranshu Bhutra, Amit Bhutra, Bharath C. Jain, Capital One Partners, Tesora Capital, and Venkata Subramaniam V.

CHICAGO—Tech entrepreneur Rishi Shah was sentenced to seven-and-a-half years in prison Wednesday for his part in what prosecutors called a billion-dollar fraud scheme centered on video advertisements in doctors’ offices. Federal Judge Thomas Durkin said Shah, former chief executive and co-founder of startup Outcome Health, had undermined the integrity of the markets. “The only deterrence to white-collar crime or any kind of crime is jail," he said.

Whirlpool of India rose 19% on BSE to its fresh all-time high of Rs 2,190 as German engineering group Robert Bosch is reportedly weighing a bid for the parent company Whirlpool Corporation. The privately held German industrial firm has been consulting with potential advisers about a possible bid for Whirlpool Corporation, Reuters said, citing three people familiar with the matter

25 US states on Wednesday reached a deal with crypto platform Abra and its CEO for failing to obtain necessary licenses.

AI specialists to address. This phenomenon can lead to confusion and decision-making delays, posing significant challenges in fields heavily reliant on Artificial Intelligence.

Also Read: Salesforce challenger Creatio achieves $1.2 bln 'unicorn' status with fundraisingNvidia’s shareholders have voted in favour of all these proposals, a report said.Speaking at the AGM, Nvidia CEO Huang said the next wave of AI is set to automate $50 trillion heavy industries.Nvidia share price ended 0.25% higher at $126.40 on Wednesday, surging just before the closing bell to erase losses. After witnessing heavy losses for three consecutive sessions that wiped out $430 billion in its market value, Nvidia shares bounced back on Tuesday and extended gains on Wednesday.Read here: Nvidia share price jumps 7%, bounces back after $430 billion market dipThe shares of artificial intelligence chipmaker have rallied over 160% this year.

₹15,000-crore viability gap funding (VGF) plan for companies to shift to greener vessels for inland water transport over the next 10 years, said two persons aware of the development. “The concept of VGF and other incentives for turning Indian maritime segment green is under formulation and consideration," one of the people cited above said on condition of anonymity, adding that the Inland Waterway Development Council (IWDC) is working on finalizing the scheme for this green transition, which would be similar to the FAME scheme for promotion of green automobiles.

Aris Infra, a technology-driven construction material procurement platform, is looking to raise Rs 600-700 crore through an initial public offering (IPO). The Mumbai-based company is backed by high-net-worth individuals (HNIs) and family offices such as PharmEasy CEO Siddharth Shah, San Francisco-based Think Investments, and partners from private equity firms such as TPG Capital, Temasek, and BlackRock.

WestJet Airlines Ltd., Canada’s second-largest carrier, will begin cancelling flights on Thursday — just ahead of a long holiday weekend — as it prepares for a strike.

The NHL has unveiled new player jerseys for the 2024-25 season made by Fanatics

Jim Dickson, the former CEO of Sanctuary Wealth, has teamed up with fellow industry icon Mark Penske to launch a growth-focused wealth management firm dedicated to supporting independent-minded advisors and RIAs.

The biggest US banks haven’t waited for this week’s stress tests to signal optimism about their capital levels.

A digital family office formed by the merger of financial and tax advisory service Compound and digital RIA Alternativ Wealth in September 2023 has announced a new milestone.

The Associated Press says it is setting up a sister organization to solicit donor funding in support of local and state news, both at AP and elsewhere

General Motors has named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise

Nicole Taylor has an insider’s view of philanthropic trends from her seat as the president and CEO of the Silicon Valley Community Foundation