CEO Financial News

MUMBAI, 22nd May, 2024: Birla Estates Pvt. Ltd. a 100% wholly owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, announces record sales of its signature tower Silas at Birla Niyaara clocking an extraordinary INR 2500 Cr at launch.

Days after striking a $53 billion purchase of Hess, Chevron Chief Executive Mike Wirth called his counterpart at Exxon Mobil to discuss their future partnership in a mega-oil project Chevron would inherit through the deal. Darren Woods told Wirth he looked forward to collaboration in Guyana, where Exxon and Hess own portions of a buried treasure of 11 billion barrels of oil and gas. Chevron and Exxon have a long-established partnership in projects around the world, one they could expand off the coast of the rainforest-covered South American country, Woods indicated in the October phone call.

division bench of the Delhi High Court on Monday upheld its single judge’s order asking SpiceJet to return two aircraft and three engines to its lessor TWC Aviation. While dismissing the airline’s appeal as withdrawn, a bench led by Justice Rajiv Shakhder granted the low cost carrier three weeks time till June 17 to return the aircraft and engines along with technical records. The single judge had asked SpiceJet to return the engines by May 28. The HC noted SpiceJet’s sr counsel Amit Sibal’s argument that he wants to advance his submission related to the jurisdiction issue before the single judge, but that will not come in the way of returning the engines.

₹40 lakh. She is clear about choosing a floating-rate loan and wants to repay it in under 10 years by making regular pre-payments whenever she has surplus cash. When Sunita approaches the bank with which she has a long-standing relationship, her relationship manager (RM) offers her a proposition.

senior talent pool of LTIMindtree has become a hunting ground for other IT companies one and a half years after the merger that created the country’s sixth largest software services company. LTIMindtree was born out of the merger between L&T Infotech and Mindtree in November 2022. Analysts have attributed this to integration pains. CEO Debashis Chatterjee has said it’s business as usual. While the company is reportedly devising a succession plan, about two dozen senior executives have resigned and joined rivals and other tech companies such as Cognizant, Capgemini, Persistent Systems, Tech Mahindra, Sonata and others, an ET analysis of brokerage house reports and LinkedIn profiles showed.

The first thing one needs to understand when embarking on an investment journey is risk tolerance. The second crucial aspect is ensuring that the investment journey remains stress-free and profitable. Bond investments are one such instrument that ensures investment stability and steady returns.

CG Foods, which makes India's third-largest instant noodles brand Wai Wai, is for the first time, reducing salt in its noodles by anywhere between 10% and 25% starting next quarter with select variants, Manvendra Amber Shukla, global chief executive officer of CG Foods, owned by Nepal-based diversified CG Corp Global, said in an interview. The move comes amid tighter regulation and heightened scrutiny on packaged foods. «What the government is doing (in terms of regulation) is definitely welcome; it is positive for consumers, and positive for the ecosystem and a responsibility of all organisations towards consumers,» he said. The salt reduction process will start with the spicier packs of Wai Wai, according to Shukla. «In India, starting next quarter, we will start the first phase of reduction of salt by 10% starting with spicy noodles. As we move forward, we will reduce salt up to 25% in other variants of our portfolio,» he said. Additionally, the group is working on plans to introduce healthier variants such as millet noodles and renewing focus on atta noodles.

Karan Bhagat, founder, managing director and chief executive officer of wealth and alternatives-focused asset firm 360 ONE, bought two sea-view luxury apartments in a super-premium residential tower in Mumbai’s plush Worli locality for a total Rs 170 crore. The apartments cover 12,900 sq ft built up area on the 45th and 46th floors of Three Sixty West project on Dr. Annie Besant Road. Bhagat will also get exclusive access to eight car parking slots. The deal was struck at about Rs 1.31 lakh per sq ft, pushing it higher in the tally of most expensive deals on per sq ft basis anywhere in the country.

career change, Priyanka Gupta has shattered all such stereotypes. Gupta, who is a graduate of the prestigious Indian Institute Of Technology Kanpur shocked the world, by making a bold career move — she left her job at a big MNC to pursue her dream of being a fitness coach. Her LinkedIn post went viral. In the post she talked about the difficult decision she took and how, despite tasting failure on her first startup, she decided to persevere. «I left a big MNC and my IIT pedigree attachment. Now, I help professionals stay fit and live longer. Like many of my fellow IIT buddies, right after graduation, I started chasing that golden ticket to financial stability. I was responsible for supporting my family and this was the most apparent path. After 5 years, when I took my first break from work, I got bugged by entrepreneurship. Don't know how. I wanted to start a home-cooked food delivery business. It didn't start. I could not get enough courage. And got dragged into 9-to-5 again,» she wrote.

Prafulla Dhariwal, a significant contributor to OpenAI's GPT-4 project, has been lauded by CEO Sam Altman. Altman’s tweet emphasized Prafulla's crucial role: «GPT-4 would not have happened without the vision, talent, conviction, and determination of @prafdhar over a long period. That (along with the work of many others) led to what I hope will turn out to be a revolution in how we use computers.» Early Life and Education Prafulla's mother, Alka Dhariwal, proudly recounts his milestones. Prafulla, who was a standout student and head boy in Pune, maintained a balance between his academic and personal interests. His teachers and friends remember him as approachable, disciplined, and always willing to share his knowledge. Despite his exceptional intelligence and victories in quizzes and international Olympiads, he loved playing cricket and watching the night sky.

Utpal Sheth, Senior Partner & CEO, Rare Enterprises,and Co-Founder & Mentor, Trust Group, says one needs both conviction and courage to be able to buy. After having bought, given that you have a 10-year plus time horizon, you have this long journey of hold. What is it that you need to hold? You need not just patience, but also equanimity to hold. The sell decision is very rare for a terminal value investor but it has to be taken at the right time. On Terminal Value Investing Utpal Sheth: Terminal value investing is a very powerful concept in my mind. And let me start with a very elementary process. The investment process has three distinct components — buy, hold and sell. This is known to everybody. However, bear in mind that when you buy, you are buying at time T0 at the price prevailing at time T0.

Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the largest pay package for a CEO in corporate America. The report cited reasons like the «excessive size» of the pay deal, the dilutive effect upon exercise and the concentration of ownership. It also mentioned Musk's «slate of extraordinarily time-consuming projects» which have expanded with his high-profile purchase of Twitter, now known as X.

Indian airports, calling it a “bottleneck" for passengers.In a post on X (formerly Twitter), Kapoor wrote, “Airport entry queues and ID/ticket checks - India is the only major country I am aware of that requires this. I wonder if there is a way forward that does not require this bottleneck."He further mentioned that DigiYatra, an application which helps facilitate a smooth and paperless air-travel experience, is only for tech-savvy air travellers.

constituencies of Bihar passed off peacefully on Saturday, with a provisional voter turnout of 55.45 per cent, nearly 3.02 per cent lower than the 2019 polls, officials said. Constituency-wise, Paschim Champaran recorded the highest voting percentage of 59.75, followed by Vaishali (58.5), Valmiki Nagar (58.25) Purvi Champaran (57.3), Sheohar (56.3), Siwan (52.5), Maharajganj (51.27) and Gopalganj (50.7), chief electoral officer H R Srinivasa said, adding that the figures are provisional.

As State Bank of India has increased short-term fixed deposit rates by 25 to 75 basis points, a move likely to be followed by other banks, individuals should now adopt a laddering strategy for deposits up to one year. There would be a clamour for short-term deposits with the one-year bank fixed deposit rates nudging higher, and longer-term rates possibly remaining flat.

‘What’s the time?’ don’t ask this to Nvidia CEO Jensen Huang, as he isn’t keeping it. This is quite surprising that one of the tech world’s most prominent figures is going through life without checking the clock.

As the conundrum of ‘AI to take jobs or not,’ continues, Elon Musk, CEO of Tesla, explains  that artificial intelligence (AI) will eventually eliminate all jobs.

New Delhi (India), May 23: Elior Group is a global leader in the contract catering and support services industry, known for its innovative approach and high standards of quality and sustainability. As the Group CEO, Mr. Daniel Derichebourg brings a wealth of experience and a visionary approach to drive the company's global expansion and innovation.

Amitabh Kant has lauded the significant changes witnessed in Jammu and Kashmir after the scrapping of Article 370 in 2019. Kant, the former CEO of NITI Aayog, has said that Kashmir has the potential of becoming the 'Valley of hope' for startups, especially after recent ‘radical’ transformation on the ground.“I have been coming here for a long time, and I have seen the period of stone pelting, hartals, and violence.

Blackstone CEO Stephen Schwarzman will support Donald Trump as the former U.S. president seeks to return to the White House, Axios reported on Friday.

Nutanix sees its India growth rate outpacing its projected global metrics for Annual Recurring Revenue (ARR) and profitability, CEO Rajiv Ramaswami told ET in an exclusive interaction on the sidelines of the company's annual .NEXT conference being held here.