CEO Financial News

Succeeding Stockton will be Jonathan Sorrell, who will initially join the business as CEO designate on 1 July, subject to regulatory approval.  Sorrell is set to join Capstone Investment advisors, a derivatives investment management firm, where he has served as president since January 2020.  Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise Prior to this, Sorrell was chief financial officer and then president of Man Group.  Once the appointment has been granted approval from the regulator, Sorrell will be join the boards of Rathbones Group plc and Rathbones Inv...

Akasa Air, with top executives privately criticising Boeing for delayed plane deliveries and scrambling to assuage hundreds of anxious pilots who remain idle without work. Troubles at Akasa, backed by an Indian billionaire's family, are among the starkest examples of how Boeing's woes are crippling airlines globally and having a ripple effect on their planned expansions. The Mumbai-based low-cost airline, which started operations about three years ago, has a fleet of 27 planes, but has 226 jets — all Boeing 737 MAXs — on order. Deliveries have been delayed as Boeing's 737 programme faced regulatory scrutiny after a mid-air cabin panel blowout last year and suffered from the effects of a seven-week workers' strike.

The Fed left interest rates unchanged on Wednesday, as widely expected, while maintaining its projection for two quarter-percentage-point cuts by year-end. Policymakers, however, raised their inflation forecast and lowered economic growth expectations, citing risks from U.S. President Donald Trump's tariff policies.

Liqvd Asia, a digital-first advertising agency, has acquired AdLift, a performance marketing and SEO agency for Rs 50 crore. This move aims to reshape digital marketing and position Liqvd Asia as a force in integrated marketing, combining branding, content, SEO, and AI-driven performance marketing to deliver business impact. Founded in 2013, Liqvd Asia has built a reputation for digital branding and content-driven campaigns. By acquiring AdLift, known for data-driven performance marketing, the agency strengthens its position as a full-funnel marketing leader, offering clients ROI-driven strategies to maximise brand impact and growth.

Authentic Brands Group (Authentic), a global brand development and licensing platform, said it has partnered Brand Concepts Ltd., to launch Juicy Couture bags and accessories in India. Juicy Couture, a brand known for its trendy fashion, bold use of colors and glamorous aesthetic appeals to a young, fashion-conscious audience, it said. “We are delighted to have been granted the license for Juicy Couture's Handbags and lifestyle accessories in India," said Abhinav Kumar, cofounder and CEO of Brand Concepts Ltd. «Our expertise in curating and delivering premium fashion accessories aligns seamlessly with Juicy Couture's reputation for style. The Indian demographic, with its growing aspiration for high-quality and iconic brands, makes this partnership particularly exciting. We are honoured to be Authentic’s trusted partner in bringing this distinguished brand to a market that values both elegance and opulence. We are confident this partnership will resonate deeply with the discerning Indian consumer.”

JP Morgan Chase CEO Jamie Dimon said Artificial Intelligence was a great technological revolution that will drive everything and change the world, sounding bullish on the sweeping technological changes AI was sparking. AI was reshaping the world just like the invention of the printing press, the steam engine, and the internet did, he said in a chat with Adobe CEO Shantanu Narayen at the tech company’s annual summit in Las Vegas. “Like past innovations, AI too will take time but will transform the world in ways we can’t yet imagine.” The future, according to him, was going to be AI-driven.

Subscribe to enjoy similar stories. Thailand-based Minor International Plc, which runs Minor Hotels and brands like Anantara Hotels Resorts & Spas, Avani Hotels & Resorts, NH Hotels, and NH Collection is looking to have a strong presence in India in the next decade with a target of 50 hotels by 2035. The company's group CEO, Dillip Rajakarier who is visiting India and spoke exclusively to Mint said the company has now established its presence in India with the recent launch of its 150-room Anantara Jewel Bagh hotel in Jaipur.

White House has praised President Donald Trump for the return of two NASA astronauts who were part of the failed Boeing Starliner mission. However, NASA had already made arrangements for their return before Trump took office. The astronauts returned safely after nine months in space.

Some Canadian companies are contemplating moving their operations to the United States as a long-term solution to get around Donald Trump‘s tariff threats and protect the viability of their businesses, according to a new survey by PricewaterhouseCoopers LLP Canada.

The latest filings with the US Securities and Exchange Commission (SEC) revealed that insiders have disposed of more than $100 million worth of Tesla shares since early February, reported ABC News. The selloffs have raised questions about whether the actions are an indicator of bad news to come for the company or merely a normal course of business, according to the report.

step down as Tesla's CEO. Investors are concerned that his multiple commitments, particularly his government role, are harming the company.

CEAT Ltd is seeking to strengthen its play in the premium ultra-high performance and luxury four-wheeler segment that is expected to significantly grow in the next three to five years, company MD and CEO Arnab Banerjee said on Wednesday. The company, which launched three new products ZR-rated, CALM Technology and Run-Flat tyres, is preparing itself to address an emerging trend in the premium 17-inch plus tyre segment, he told PTI. «The saliency of this segment is about 8-10 per cent today in the aftermarket and it is going to grow much faster than the rest of the market. It could be as high as 25-30 per cent in three to five years time,» Banerjee said. The launch of ZR-rated tyres, CALM Technology and Run-Flat tyres, strengthens CEAT's position as a premium, technology-driven brand, he added.

India’s BPM industry has long been a global leader, but industry veterans insist that what we see today is merely the tip of the iceberg. With rapid technological advancements, AI integration, and a workforce that must keep pace, the sector is on the brink of a transformative shift.

Subscribe to enjoy similar stories. New Delhi: Public listings are usually sober events. The CEO takes the stage and talks about the journey followed by the ringing of the bell to signal the start of the company’s public launch.

In its full year results for 2024 released today (19 March), M&G revealed that its new dividend policy will begin with a 2% boost to the 2024 total dividend per share.  This add on takes the total dividend for the year to 20.1p, with the second interim dividend of 13.5p per share set to be paid on 9 May. M&G private credit LTAF receives regulatory approval According to M&G's group CEO Andrea Rossi, the increase in pre-tax profits gave the company «confidence» to embark on the progressive dividend policy.  Last year, saw the FTSE 100 firm posted £837m in pre-tax profits, up 5% fr...

I am 36 years old and professionally employed. I have savings of Rs 40 lakh. Will I be able to retire at 50 years with my current savings? My monthly household expenses are around Rs 15,000. Rushabh Desai Founder, Rupee With Rushabh Investment Services: If you invest Rs 40 lakh in equity for 14 years, at 12% CAGR return, you will accumulate approximately Rs 1.95 crore before tax.

IT company Happiest Minds on Wednesday announced top-level changes in its organisational structure, appointing Ashok Soota as chairman and chief mentor. Joseph Anantharaju, who was executive vice chairman, has been elevated to co-chairman and chief executive officer of the IT company. He will drive all the business divisions of Happiest Minds, including product and digital engineering services, infrastructure management, and the generative AI business. Meanwhile, Venkatraman Narayanan has been appointed managing director and chief financial officer. He will lead finance, talent acquisition, internal IT, the environmental, social, and governance (ESG) unit, and CSR.

JPMorgan Chase, America's largest bank, has mandated a five-day office return for employees this month, ending remote work arrangements. Advocating his work-from-office policy, he said that only middle managers are unhappy with the decision. CEO Jamie Dimon has consistently supported in-office work, citing its benefits for learning, innovation, and company culture. In an internal memo, Dimon stated, «Now is the right time to solidify our full-time in-office approach.» He added, «We think it is the best way to run the company.»

LIC shares will be in focus on Wednesday after the state-owned insurer confirmed it is in the final stages of acquiring a stake in a health insurance company, CEO Siddhartha Mohanty said on Tuesday. Without naming the target company, Mohanty stated that discussions are at an advanced stage, and a deal is expected to be announced before March 31. «It is a natural choice for LIC to enter health insurance. Discussions are in the final stage,» Mohanty told reporters on the sidelines of the GCA25 event.

IndusInd Bank shares will be in focus on Wednesday after Ashok Hinduja, chairman of IndusInd International Holdings Ltd (IIHL), said that the bank has not sought fresh capital from its promoters, despite a hit to its net worth due to an accounting discrepancy. IIHL, the investment arm of the Hinduja Group, recently received the Reserve Bank of India's (RBI) in-principle approval to increase its stake in IndusInd Bank from 16% to 26%.

Alphabet, stand to reap returns as high as 200 times for seed investors, among them Sequoia Capital, Cyberstarts and Index Ventures. The $32 billion all-cash Wiz deal on Tuesday marked a major win for about 25 firms on Wiz's cap table, according to PitchBook, a rarity in the past few years as high interest rates and tight antitrust scrutiny reduced exit events. Among the investors, the biggest beneficiaries are those that put money into Wiz early and continued to invest over the years. Their success demonstrated the power law in venture capital when a small number of investments generate the majority of returns.