CEO Financial News

Honolulu's former top prosecutor has been found not guilty in a bribery case that alleged employees of an engineering and architectural firm bribed him with campaign donations in exchange for his prosecution of a former company employee

Zee Entertainment Enterprises managing director and chief executive Punit Goenka said he has not discussed his reappointment with any shareholder, even as his five-year term is set to end in December. «So, at the end of the day, it is the shareholders who will decide whether I am the right person or not, or whether somebody else needs to lead this company,» Goenka told analysts during the company's Q4 earnings call on Friday. Domestic institutional investors own a 35.56% stake in the company as of March 2024. Some of the top investors include ICICI Prudential Mutual Fund and HDFC Mutual Fund.

Electronic waste and battery recycling company Attero plans to invest around Rs 8,300 crore in the next five years to ramp up its capacity, the company's CEO and Co-Founder Nitin Gupta said. At present, the company has the capacity to recycle up to 1,44,000 tonnes of electronic waste (e-waste) and 15,000 tonnes of lithium-ion battery annually. «In the next five years, we will obviously be investing roughly around USD 1 billion overall, including all forms of capital — debt, equity and sort of other non-diluted forms of capital,» Gupta told PTI. He said that the company is growing 100 per cent year-on-year and gradually increasing capacity.

State Bank of India chief–and Mohandas Pai–previously CFO at Infosys– will not be renewing their contract to be part of Byju's board advisory council, sources familiar with the matter said. This adds to the series of troubles the edtech firm finds itself in since last year. Pai and Kumar’s contract ends on June 30 and they are not renewing the contract, people briefed on the matter said. Both Pai and Kumar joined the advisory council following Byju's investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–leaving the board of the company last year.

Openwashing /ō-pən-wä-shĭng/ An accusation against some AI companies that they are using the «open source» label too loosely.

Jharkhand Lok Sabha constituencies — Chatra, Koderma and Hazaribag — and by-poll in Gandey assembly seat will take place on Monday amid tight security, officials said. Over 58.22 lakh electors including 28.29 lakh female voters are eligible to exercise their franchise in the three Lok Sabha constituencies in the state, while 3.15 lakh voters are eligible to exercise their franchise in Gandey by-poll, an election official said. As many as 54 candidates are in the fray for polls in three Lok Sabha seats, while 11 candidates including Kalpana Soren, wife of jailed former Jharkhand Chief Minister Hemant Soren, are contesting in the Gandey assembly by-election, the official said. Jharkhand Chief Electoral Officer (CEO) K Ravi Kumar told PTI, «In a bid to conduct free and fair polls, all preparations have almost been completed including the security arrangements.

Sanjiv Puri, Chairman and Managing Director of ITC, has assumed office as the president of the Confederation of Indian Industry for 2024-25, the chamber said on Sunday. He takes over from R Dinesh, Chairman of TVS Supply Chain Solutions. Puri heads ITC Ltd, a conglomerate with businesses in FMCG, hotels, paperboards & packaging, agribusiness, and IT. He is also the Chairman of ITC Infotech India Ltd, its subsidiaries in the UK and US, and Surya Nepal Private Ltd.

Also Read: 'Real success comes from...': Sundar Pichai cites Aamir Khan's 3 Idiots, shares advice for Indian engineers amid AI era The 51-year-old said that he would love to eat Dosa if he is in Bengaluru, chole bhature in Delhi, and pav bhaji if he is in Mumbai. When asked about his favourite food in India, Pichai replied, “If it's Bangalore, I will probably get a dosa; it is my favourite food. If it is Delhi, I will get a Chole Bhature, and if it's Mumbai, I will do a Pav Bhaji." Also Read: Google unveils Android 15 Beta 2: Emphasizes enhanced security and privacy features In the nearly 10-minute video, Sundar Pichai discussed multiple topics, including artificial intelligence's impact on India.

Red Hat sees India as among the world's high-growing markets, and the country's expanding enterprise base and technical innovation capabilities offer exciting prospects for the IBM-owned company, its CEO Matt Hicks has said. Weighing in on the larger debate of AI and its impact on tech sector jobs and salaries, Hicks told PTI that artificial intelligence, «if done well», will trigger massive value creation and spawn new industries beyond anyone's imagination. Red Hat — the enterprise open-source solutions company that IBM bought in 2019 for about USD 35 billion, marking its biggest acquisition ever — is working with a «great» foundation base in India and is at an exciting point where the company is amplifying capabilities with technology roles.

Financially troubled edtech major, Byju’s, has begun the process of asking a section of employees to return to office, sources said. The move signals a potential re-evaluation of the company’s work-from-home strategy, which was implemented under former India CEO-Arjun Mohan, who quit in April.

Zomato's CEO Deepinder Goyal has announced a new feature that will suggest healthier alternatives when placing orders, such as roti instead of naan. The new feature has already garnered a 7 per cent attachment rate, and according to Goyal, users are responding positively. He also announced that the firm is mulling to scale this to other dishes and categories, including dessert.

ALSO READ: As India braces for a hot summer, beer makers have much to cheer The video has garnered over 2.6 million views and 53,506 likes. Taking to Instagram, @taphaus wrote, "Stop! You're pouring beer the wrong way! Let's dive into the art of beer pouring, because how you pour it can significantly affect its taste and aroma." A post shared by Tap Haus 33 (@taphaus) In the video, the man shows how to pour beer correctly. He first takes a beer can and pours it softly and slowly down the side of the glass.

India cannot have individual EV policies for every company, Amitabh Kant told on being asked why Tesla did not come to India after the CEO announced an India visit in April but cancelled it at the last moment. Kant says that India has drafted an EV policy and all the companies have to follow only that policy. India will not change its EV policy according to some specific companies. He said, «So the policy has been announced. You can't have policies for individual companies. The policy for EVs has been announced».

Mohammad Hamid Ansari, former prime minister Dr Manmohan Singh, former deputy prime minister LK Advani and former Union minister Dr Murli Manohar Joshi have cast their votes using the home voting facility, the Delhi poll body said. The office of the chief electoral officer (CEO) of Delhi on Thursday kicked off the home voting facility for elderly voters and persons with disabilities (PwDs) and it will go on till May 24. According to the data shared by the office, 1409 voters cast their ballots from the comfort of their homes across all seven parliamentary constituencies in Delhi on Friday, which was the second day of the facility being started. The West Delhi constituency reported the highest number of home votes, with 348 voters participating. Among them, 299 were elderly individuals.

Read more Prime Minister Narendra Modi on Tuesday filed his nomination from Varanasi Lok Sabha seat. Before filing the nomination, PM Modi offered prayers at Dashashwamedh Ghat on the banks of the Ganges and visited Kal Bhairav temple. Read more Amid the planemaker's preparation to meet with the US aviation regulator Federal Aviation Administration (FAA) over its quality-control problems, Boeing shareholders at its annual general meeting (AGM) on Friday re-elected CEO David Calhoun and approved his $32.8 million compensation.

Cement maker Dalmia Bharat Ltd has commenced production at its new mill in Ariyalur manufacturing unit in Tamil Nadu, according to a regulatory filing by the company. With the commencement of commercial production of this 1 MTPA cement unit, the total cement manufacturing capacity of the company stands at 45.6 MTPA, it said. «With an investment of Rs 204 crore, this strategic brownfield expansion is aimed at strengthening its market presence in the South and meeting the growing demand for cement in the region,» the company said in a statement. This is in line with the company's long-term growth strategy aimed at increasing its total installed capacity to 110 -130 MT by 2031, it said.

«If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets,» says Ashi Anand, Founder & CEO, IME Capital .

If UBS had concerns about theintegration of Credit Suisse earlier this week, it may have even bigger concerns as we slide towards the weekend: the woman running its group integration office is understood to have resigned unexpectedly.

It's a new era at Citigroup. Five layers of unnecessary management have been cut, and so too — as of today — have surplus executive assistants.

Sony Pictures Entertainment and Apollo Global Management have taken a significant step forward in their effort to court Paramount, three people familiar with the matter said Friday. The two companies have signed nondisclosure agreements with Paramount, allowing them to look at Paramount's nonpublic financial information, said the people, who spoke on the condition of anonymity to discuss active negotiations. Paramount previously shared materials with another suitor, Hollywood studio Skydance.

Vodafone Idea (Vi) CEO Akshaya said the telco is looking at further conversions of government dues into equity as well as internal accruals to address payout obligations toward spectrum and adjusted gross revenue (AGR). The moratorium on these payments ends in September 2025. The statement came during Vi’s FY24 fourth-quarter earnings call Friday. Moondra was responding to a query on Vi’s payment strategy on clearing government liabilities of more than Rs 2 lakh crore relating to spectrum payments and AGR dues. Vi has to pay Rs 29,000 crore in March 2026 and Rs 43,000 crore in March 2027.