CEO Financial News

Elon Musk criticized Kathleen Kennedy, the head of Lucasfilm, a division of Disney, for the "Star Wars" franchise's direction. He accused Kennedy of endangering the series by promoting «woke» philosophy in the most recent spinoff, "The Acolyte." A group of all-female Jedi are introduced in this Leslye Headland-directed program, with Amandla Stenberg playing the lead roles, as per the reports of the New York Post. According to a post on X that portrayed Kennedy as a «franchise killer» with other Empire ships, Elon Musk stated that Kathleen Kennedy is scarier than the Death Star. Musk’s critique

According to Janus Henderson Investors CEO Ali Dibadj and Matt Peron, global head of solutions, interest rates will likely remain higher than their pre-pandemic level for quite some time. ECB cuts interest rates for the first time since 2019 This means that companies will be forced to «work harder to compete for investor capital», and some will be more successful than others in doing so. As a result, the onus will fall on investors to take a «more rigorous approach» to security selection, they argued, with the spotlight being on deep industry knowledge. Dibadj and Peron called o...

Cetera Financial Group has made another key addition to its C-suite as it taps a Northwestern Mutual to its investment services arm.

Pranav Chawda, head of commercial banking for India, will expand his current responsibilities to become the head of India Corporate Banking and can confirm that PD Singh is leaving the firm, a JPMorgan representative said by email in response to queries from Bloomberg News.

Birla Estates Pvt Ltd on Monday said it has acquired a 16.5-acre land parcel in Pune to a develop a housing project with an estimated revenue potential of Rs 2,500 crore. Birla Estates is a 100 per cent wholly-owned subsidiary of Century Textiles and Industries Ltd and the real estate venture of the Aditya Birla Group. The company said it is expanding its presence in Pune with a land acquisition in Manjri, Pune. «The land parcel is spread across 16.5 acres with a development potential of approx. 32 lakh sq ft and an estimated revenue potential of Rs 2,500 crore,» a regulatory filing said.

Montague, the current chief financial officer, will take up the top leadership position on 1 October, subject to regulatory approval. She has been appointed CEO designate from 1 July. She joined the group in August last year and has extensive experience in the UK long-term savings and asset management sector. Brooks Macdonald loses UK distribution head to Ascot Lloyd Prior to Brooks Macdonald Montague was most recently group chief risk officer at Aviva, and group chief financial controller before that. She also held senior leadership positions at Royal London Group and Standard Lif...

Mint had first reported that Sony would hire Banerjee to replace Singh on 28 May.Banerjee previously served as head of content for Hindi entertainment and Disney+ Hotstar, and business head for Star Bharat, Hindi and English movies, kids and infotainment, and regional (east). In these roles, he oversaw content curation across several languages and also spearheaded original series and films.Also read: The Disney Star sale comes with a deep discount tagA former journalist, Banerjee began his career in media as an assistant producer and anchor at Aaj Tak.

Sony Pictures Networks India (SPNI) has appointed Gaurav Banerjee as the new Managing Director and Chief Executive Officer (CEO), effective on or before August 26, 2024, pending regulatory approvals. Banerjee, who is currently the head of content for Hindi entertainment and Disney+ Hotstar at Star India, will succeed NP Singh, who has led SPNI for the last 10 years as MD and CEO. «I am deeply honoured to take on the role of MD and CEO at SPNI. Under N.P. Singh's remarkable leadership, SPNI has achieved tremendous success and innovation in the entertainment industry. I am excited to lead talented teams as we explore new frontiers in original programming, enhance our viewers' experiences, drive our distribution footprint across India, and significantly boost our revenues. Together, we will set new benchmarks in entertainment and deliver exceptional value to our audiences and stakeholders,» said Banerjee.

₹9.26 crore in 2024, lower than his key executives and other industry peers. An annual report of the Adani Group's 10 listed entities showed that the industrialist drew a salary from only two of his 10 companies in the ports-to-energy conglomerate.For the 2023-24 period, his compensation from Adani Enterprises Ltd (AEL), the group's flagship company, comprised a salary of ₹2.19 crore and perquisites, allowances, and other benefits amounting to ₹27 lakh.

₹27 lakh on LinkedIn Technology Information Pvt. Ltd. set up in India, Microsoft Corp.

Elon Musk recently posted on X, suggesting that Tesla’s brain chip implant would eventually replace smartphones. It was his response to a post on X that showed an artificial intelligence (AI)-created image of Musk with a phone and a neural network pattern on his forehead, asking if users would agree to implant a Neuralink. The product, called Telepathy, comprises an implant that records neural activity through electrodes, a surgical robot and a user app.

After completing its acquisition of a 70% stake in Kotak General Insurance last week, Zurich Insurance Group is aiming to become a leading player in the rapidly growing Indian market. The Rs 5,560 crore deal makes it the largest foreign investment in the sector. It’s also the first stake acquisition by an overseas insurer since the FDI limit was raised to 74% from 49% in 2021. Tulsi Naidu, CEO, Asia Pacific, Zurich Insurance Group, spoke to Shilpy Sinha and Arijit Barman about the growth strategy. Edited excerpts: India opened up the insurance sector to foreign firms in 2000 and raised the FDI limit in 2021. Are you late to the market? The biggest thing that has always been important to us as a strategic investor is being a long-term player. If you look at Zurich’s history, we've consistently grown in global markets. We entered Switzerland in 1872, the US in the 1920s during the American century, and now we’re growing in Latin America and Asia. We believe India is an important market, and with the relaxation of FDI rules a few years ago, we started considering how to establish our presence here. For us, owning and operating our own business and contributing to the market is essential. In a significant market like India, we want to be fully present.

The Washington Post says that Robert Winnett, who had been named to take over the organization's core newsroom functions later this year, will not take the job after all

South Carolina Gov. Henry McMaster is off to Germany next week to strengthen the business ties that have fueled an economic boom this century in the formerly struggling Southern state

The cybersecurity firm Kaspersky has denied it is a security threat after the U.S. Commerce Department banned the use of its software in the United States

UPS is selling its freight-brokerage business for less than it paid for the business back in 2015

The former CEO of a publicly traded health care company based in Nevada has been found guilty of a multimillion-dollar insider trading scheme

The value of Rizz memecoin plummeted by 90% in minutes after the founder of the cryptocurrency went in a live presentation on X.com.

Amazon is preparing a major revamp for its Alexa service. The new version will contain a more sophisticated AI that can have conversations, according to people with knowledge of the company's plans. According to Reuters, there will be two service tiers, with Amazon considering charging $5 a month for the upgraded version.

AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza. Nvidia, which makes the processors that are the only option to train generative AI's large language models, is now Big Tech's newest member and its stock market takeoff has lifted the whole sector.

CABIA President Tom Manzo joined 'Fox & Friends' to discuss how the minimum wage increase has impacted the fast food industry as thousands are forced out of work.