CEO Financial News

REITs or Real Estate Investment Trusts are silently clawing back to prominence amid pick-up in demand for office space and rents moving north. REITs offer a diversification opportunity to investors at relatively lower risk, say experts who recommend a bite into this portion of the realty cake. Market regulator Securities and Exchange Board of India (Sebi) allowing fractional ownership through small and medium-sized REITs (SM REITs) is expected to benefit not just this segment but also offer an additional revenue to the retail investor.

Renewable energy solutions provider Suzlon Group on Tuesday said it has secured a 103.95 MW wind project from AMPIN Energy Transition. As part of the agreement, Suzlon will supply wind turbines and execute the project, including erection and commissioning, at Fatehgarh district of Rajasthan, a company statement said.

Nexus has secured $25 million in a Series A funding to develop verifiable computation through zero-knowledge cryptography.

Following the impactful Bitcoin halving, Mining Disrupt returns in 2024 with an impressive lineup of sponsors and exhibitors, solidifying its reputation as the premier annual event for the mining community.

Tesla CEO Elon Musk criticized Apple on Tuesday through a post on X, sharing an Indian meme that took a dig at the tech giant. Musk's concerns centered on Apple's integration of OpenAI's ChatGPT into its features, highlighting potential data privacy violations.

Apple devices at the door, where they would be stored in a Faraday cage to prevent any electronic communication.This announcement came shortly after Apple unveiled numerous AI features during its WWDC 2024 event. Key highlights included the introduction of Apple Intelligence, a significant AI-driven enhancement of Siri, along with new operating systems: iOS 18, iPadOS 18, VisionOS 2, macOS Sequoia, and WatchOS 11.

Broadcom Inc CEO Hock Tan emerged as the highest paid chief executive in 2023, with a total compensation of $161,826,161.

Motilal Oswal Financial Services. With the elections now over, he sees the focus reverting to bottom-up stock picking.With the market now refocusing on fundamentals over sentiment, Gaurav Dua, senior vice president & head - Capital Market Strategy, Sharekhan by BNP Paribas, said, “We see the upward bias to continue with sector rotation in favour of consumer staples and rural demand driven stocks." He noted that smart money is flowing into consumer stocks and some of the beaten down IT services companies.Meanwhile, Alok Agarwal, head of Quant and fund manager at Alchemy Capital Management, expects the dominant trend to continue, led by domestic cyclicals such as defence, power, real estate, auto, and industrials.Though, investors took some money off the table on Monday.

On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America

Norway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday

In an industrial suburb of Montreal, sheets of copper move along a conveyor belt suspended four stories above the floor of a foundry — a metals plant — until they drop into a lava-hot furnace

Boat’s parent company, Imagine Marketing India is in talks with three investors to raise funds which co-founder and CEO Sameer Mehta said will be more strategic in nature instead of just raising capital. He said the focus is now on improving financial parameters of the company such as getting back to net profit this fiscal before going ahead with the initial public offering (IPO) to raise about Rs 2,000 crore.

Kissflow on Monday said it has let go of about 45, or 11%, of its employees as part of an organisation-wide restructuring.

Mint at the annual advertising conference, GoaFest, McRae noted that advertising categories such as consumer-packaged goods, automobiles, QSR brands, and banking and financial services (BFSI) have been performing well in India's advertising sector. This positive trend is expected to continue in the latter half of the year, as indicated by data from Mindshare’s India arm.

Grasim Industries, and Cipla supported the rally.Also Read: Paytm share price gains over 8.5% to cross ₹400 mark after 8 weeks, recovers 33.5% from all-time lowBuying was also witnessed in the broader markets as the Nifty Midcap 100 and the Nifty Smallcap 100 index traded higher. Among sectors, Nifty PSU Bank, Nifty Realty, Nifty Oil & Gas, Nifty Pharma and Nifty Auto led the gains, while Nifty IT was trading in the red.Market sentiment improved as concerns over political stability and policy continuity waned after the new government led by Prime Minister Narendra Modi was sworn in over the weekend.

Dr Reddy’s Laboratories: The pharmaceutical company has reported that the US FDA issued a Form 483 with four observations at its API manufacturing facility (CTO-6) in Srikakulam, Andhra Pradesh on June 7. The company has stated that it will address these issues within the stipulated timeline.Mphasis: BCP Topco IX Pte, a Singapore-based private limited company linked to Blackstone, is set to sell a 10.6% stake in Mphasis at a base price of ₹2,350 per share.

Elections 2024 and formation of the third NDA government have several lessons in governance and strategy for corporate India.

cofounder of edtech firm Unacademy, on Saturday stepped down as the chief technology officer after nearly nine years with the company, moving to an advisory role. This is the latest of multiple top-deck changes in startups over the 12-15 months — as the broader tech and startup ecosystem undergoes a churn in the hunt for profitability and strong corporate governance.

Also Read | Why FMCG and consumption sectors should be on your radar as Modi 3.0 takes charge The Tesla chairperson said Musk may decamp to “other places" without proper motivation. “Nor does he face any shortage of ideas and other places he can make an incredible difference in the world.

Construction Federation of India (CFI) has elected Tata Projects MD & CEO Vinayak Pai as President of its national council. In a statement on Sunday, the CFI announced the formation of the National Council for a two-year term (FY25-FY26). The National Council elected Vinayak Pai, MD & CEO of Tata Projects Ltd, as President.

Sheela Foam, which owns two leading mattress brands — Sleepwell and Kurlon — expects a double-digit CAGR growth of 14 to 15 per cent in short to mid-term, its CEO Nilesh Mazumdar has said. Sheela Foam, which acquired the Kurlon brand last year, has rebranded it with a new logo and tagline, as it expects to scale up the Karnataka-based company's business beyond Rs 1,000 crore.