CEO Financial News
24.05 / 21:45
Citizens
CEO
Airlines
Death
Myanmar
guidelines
International
Singapore Airlines tragedy: Will it change seatbelt rules? Airlines to review many guidelines
Singapore International Airlines Flight from London to Singapore, the airline has tightened certain rules dealing with turbulences. The incident which left one British citizen dead and more than 100 passengers injured in different states had prompted a safety review by the airline and other major airlines across the world.
24.05 / 19:19
markets
CEO
Strategy
President
information
International
Raymond James unveils new CFO in C-suite shakeup
Following a previous statement in March, Raymond James has unveiled fresh details of a shakeup in its executive leadership.
24.05 / 19:19
markets
UPS
CEO
security
Trade
reports
Starwood latest nontraded REIT with concerns
Making a widely anticipated move to limit shareholder redemptions, the Starwood Real Estate Income Trust Inc., with $9.8 billion in assets, yesterday announced it was cutting back the amount of shares it would buy back from its retail customers each month as it waits for the market for commercial real estate to rebound and interest rates to drop.
24.05 / 16:49
24.05 / 15:55
UPS
CEO
Sustainability
performer
reports
Sporting
United Spirits Q4 Results: Net profit jumps twofold to Rs 241 crore
United Spirits Ltd on Friday reported a two-fold increase in consolidated net profit to Rs 241 crore for the March quarter. The company had posted a net profit of Rs 102 crore in the year-ago period, United Spirits Ltd (USL) said in a regulatory filing. Its revenue from operations was up 12.41 per cent to Rs 6,511 crore during the quarter under review from Rs 5,792 crore a year earlier.
24.05 / 15:45
CEO
Sustainability
WhatsApp
performer
reports
Ashok Leyland Q4 Results: Net profit jumps 20% to Rs 900.41 crore
Ashok Leyland Friday reported a 19.8% increase in standalone net profit at Rs 900.41 crore for the fourth quarter ended March 31, 2024. The company had posted a net profit of Rs 751.41 crore in the same period of the previous fiscal. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago period.
24.05 / 15:45
COST
CEO
Strategy
SpaceX
stage
testing
SpaceX mega rocket Starship's next launch on June 5
rocket, is set for its next test flight on June 5, SpaceX announced on Friday. The launch window from the company's Starbase in Boca Chica, Texas opens at 7:00 am local time (1200 GMT), pending regulatory approval.
24.05 / 15:29
markets
CEO
Landmark
Platform
wellness
Instagram
Affle posts Rs 1,842.8 crore in revenue from operations for FY24, while net profit stood at Rs 297.3 crore
Affle, a global technology company, posted a 42.3% increase y-o-y in consolidated revenue from operations, which increased to Rs 506.2 crore in Q4, FY24, from Rs 355.8 crore in Q4, FY23. From what it’s understood, the company’s net profit stood at Rs 87.5 crore in Q4, FY24, which marked an increase of 40.2% y-o-y.
24.05 / 14:13
24.05 / 13:33
UPS
Digital
CEO
stage
Videos
90% of CEOs want to invest in GenAI but 70% don't know how: Aarav Singhal of BCG
Mint Digital Summit on Friday.“GenAI in 2024 is a priority for almost 90% of CEOs and they want to put money behind it, but 70% of them feel they aren’t doing enough," Singhal said. “There is intent and money but how to get there and how to scale, that’s the key issue to be solved."Singhal said that there are three ways GenAI can deliver value. The first is by increasing productivity on existing tasks, such as writing emails or summarising a video meetings.
24.05 / 13:33
CEO
reports
cricket
Will Gautam Gambhir become new India head coach? Here's what Jay Shah's statement hints
ALSO READ: AB De Villiers to replace Rahul Dravid as India head coach? Former Proteas player says ‘Anything is possible…'According to a report by Hindustan Times, Fleming may consider the role but only if MS Dhoni might be asked tp convince him. On the contrary CSK CEO Kasi Viswanathan said 'it's not his (Fleming) cup of tea', citing the nature of the job.However, Jay Shah's recent clarification on India's head coach suggests that Gambhir is the odds-on favourite to succeed Dravid."We are focused on identifying individuals who possess a deep understanding of the Indian cricket structure and have risen through the ranks.
24.05 / 13:03
FIVE
CEO
Department
Stephen Bird exits abrdn as Jason Windsor takes interim CEO role
The immediate exit of Bird comes ahead of his fourth anniversary at the firm, although he will remain at the business for a further month to «ensure a smooth handover», departing formally on 30 June. Bird will then be placed on garden leave until 31 December, after which point the remaining five months of his 12-month notice period will be paid in lieu. abrdn to close Multi-Asset Climate Solutions fund after failure to build scale Windsor takes on the role of interim group CEO as the firm begins the «process of moving to fresh leadership». According to the regulatory statement, ...
24.05 / 10:49
CEO
Platform
NVIDIA
Meta Platforms
voice
information
Schools
Videos
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
Nvidia, the generative artificial intelligence boom is the gift that keeps on giving. After riding a demand surge sparked by Big Tech's rush to roll out chatbots, Nvidia now expects new AI models that are capable of creating video and engaging in human-like voice interactions to spur more orders for its graphics processors.
24.05 / 10:49
CEO
Election
WhatsApp
Department
Schools
Tamil Nadu board announces school reopening date
Tamil Nadu state board schools will reopen on June 6 after summer vacation. The school education department has directed all CEOs to make arrangements for reopening of the schools. Tamil Nadu announced summer holidays for children studying in classes I to IX early this year due to Lok Sabha elections on April 19. The Directorates of School Education and Elementary Education announced the summer holidays on April 13.
24.05 / 08:55
markets
UPS
Manufacturing
CEO
Interviews
Sporting
Coming soon, India-assembled Range Rovers by JLR
Mint in an interview, on the sidelines of the inauguration of the Range Rover House in Alibuag, Maharashtra, the first experiential centre of the brand in India.A new assembly line for the Range Rover and Range Rover Sport will be set up in Tata Motors' manufacturing facility in Pune, Maharashtra, with a production capacity of 10,000 units annually in two shifts. The move is expected to reduce prices by a significant 18%-22%, while still keeping them in the ₹1.5 crore and above category, said Rajan Amba, Managing Director and CEO of Jaguar Land Rover India."(W)e believe customers who were hesitant will make that leap, and it should add to the growth in Range Rover and Range Rover Sport," said Amba.“This is the first time that these flagship brands are coming out of Sollihul (in the UK) are being made anywhere else.
24.05 / 02:47
markets
Provident
CEO
Strategy
Enterprise
President
Relationships
HPE's Communications Technology Group to transition to HCLTech in $225 Million deal
Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million, approximately ₹1,874 crore, in an all-cash transaction, as per an exchange filing.According to a joint statement from the companies, around 1,500 employees and 700 contractors experienced in telecom engineering services across various countries—such as Spain, Italy, India, Japan, China, the Americas, and the APAC region—will transition to HCLTech as part of the agreement.HCLTech stated in a regulatory filing that the deal involves the “purchase of certain assets (CSS) of Communications Technology Group, a business division of Hewlett Packard Enterprise Company". CSS delivers engineering services to leading global Communications Service Providers (CSPs) leveraging its intellectual properties in a global delivery model" with a total purchase price of $225 million.This acquisition will bolster HCL Technologies' position in the telecom sector by enhancing its engineering services and utilizing CSS' intellectual property, solutions, and talent at prominent CSPs across Europe, Japan, the Americas, and the APAC region, including 20 of the top 30 CSPs worldwide.HCLTech CEO and Managing Director C Vijayakumar said, "With this transaction and our planned strategic partnership with HPE, we are strengthening our telecom practice to address the rapidly expanding and transforming global telecom market.
24.05 / 01:31
markets
CEO
Election
cover
dance
Raging bulls of India: D-Street dances to RBI record
India's benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India's larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets. Receding uncertainty over the BJP's performance in the general elections also bolstered sentiment, with the NSE Nifty ending a whisker away from 23,000. The key index closed at a record 22,967.65, up 369.85 points or 1.64%, after hitting a peak of 22,993.60 during trade. The BSE Sensex rose 1,196.98 points, or 1.61%, to end at 75,418.04.
23.05 / 22:39
markets
COST
UPS
CEO
economy
wellness
Department
Financial
Should financial advisors be worried about Uncle Sam’s debt problems?
Americans got their household finances in order during the COVID recession, thanks to billions and billions of dollars in government support. By shoveling out all that relief, however, good old Uncle Sam saw his balance sheet substantially deteriorate.
23.05 / 20:09
Provident
Hack
CEO
Platform
security
ByBit
Updates
Bybit CEO Denies Rumors of Hack and Insolvency Amid Social Media Frenzy
Speculations regarding Bybit’s potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims on May 23.
23.05 / 20:09
markets
Digital
Career
CEO
Cycling
donates
Courts
Prosecutors Push 5-7 Year Sentence For FTX Exec Ryan Salame
U.S. prosecutors are pushing for a 5 – 7 year sentence for former FTX executive Ryan Salame on charges stemming from his time at Sam Bankman-Fried’s (SBF) doomed crypto exchange, according to a sentencing memorandum filed late Tuesday.
23.05 / 18:53
CEO
Platform
Action
country
2020
reports
Rangers
Reviewing ministry of corporate affairs' penalty order on company, Satya Nadella, says LinkedIn
LinkedIn said it's reviewing the order of the ministry of corporate affairs (MCA) to determine its next move after the ministry slapped penalties totalling ₹27.1 lakh on the Microsoft-owned professional networking platform and top executives, citing violation of the significant beneficial owner (SBO) norms under the Companies Act, 2013. In an email reply to ET, a LinkedIn spokesperson said: «We comply with the laws of the countries we operate in.
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