CEO Financial News

Google sweetened its original offer for $23 billion in July to $32 billion, making it one of the largest tech deals ever, and dramatically upped the breakup fee to more than $3.2 billion, people familiar with the agreement said. But the real closer for Wiz and Google executives was the change at the White House that brought with it the prospect of a friendlier antitrust review under Trump, these people said. Google made another pass last fall while Wiz considered a potential IPO, these people said. While negotiations continued sporadically over several months, executives started meeting regularly to hammer out details of a deal after Trump's Jan. 20 inauguration and appointment of key antitrust officials in his administration, these people said.

Samsung Electronics said on Wednesday it is looking to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year. The South Korean firm has been suffering from weak earnings and sagging share prices in recent quarters after falling behind rivals in advanced memory chips and contract chip manufacturing, which have enjoyed strong demand from AI projects. «I have never been to a Samsung AGM since I became its shareholder in 2000, but I wanted to see what executives have to say (this time) and what they will do,» a 65-year old shareholder who only gave his family name, Lee, told Reuters ahead of the meeting. «They should go all-in on the memory chip business, where they can excel, or do something about the foundry,» he said. In internal meetings, Samsung has acknowledged it has lost ground. This is particularly true in semiconductors, where it lags SK Hynix in high bandwidth memory (HBM) chips that Nvidia and others rely on for AI graphic processing units.

Subscribe to enjoy similar stories. Artha India Ventures, which has bet on a range of companies including OYO, and space startup Agnikul, has raised ₹330 crore for Artha Select Fund (ASF), a follow-on investment fund focused on backing winners in its existing portfolio, a person with direct knowledge of the matter told Mint. New limited partners, or investors, in this round include Ashok Bharadia, chairman and managing director of Wallfort Financial Services, Harshal Morde, director of sales and marketing of Morde Foods, Manish Chhabra, managing director and CEO of Hygienic Research Institute Private Ltd (HRIPL), David Wilson, general partner at venture capital firm TYR Ventures, and Hira Group Family Office, among others, the person cited earlier said on the condition of anonymity.

Binance CEO Changpeng Zhao (CZ) delivered a sobering take on the crypto market this week, arguing that only a sliver of participants will thrive in the long run. Responding to a viral X post by crypto influencer EmperorBTC, who dissected investor psychology, CZ doubled down on his view that even knowledgeable traders struggle to outpace Bitcoin—let alone the majority who he claims lack strategy or discipline.

The driver carved out the words — alongside a silhouette of Musk's now infamous 'salute' he gave at an inaugural event in Washington, DC. ALSO READ: As Tesla tanks, Musk’s chosen board chair stands strong as a badass woman in business world

IndusInd Bank has not sought any fresh capital from its promoters even though it suffered a huge loss in its net worth following an accounting discrepancy, IIHL chairman Ashok Hinduja said on Tuesday. IIHL, the investment arm of Hinduja Group, has recently got RBI's in-principle approval to raise its stake in IndusInd Bank from 16 per cent to 26 per cent. According to Hinduja, IndusInd International Holdings Ltd (IIHL) — the Mauritius-based promoters of the private sector lender — has committed to infuse capital into the bank in case there is a requirement. However, the bank has not sought any fresh infusion as the overall capital adequacy is at a comfortable level of over 15 per cent, he told reporters on the sideline of an event.

Google has confirmed that it has entered into «a definitive agreement» to acquire cloud cybersecurity startup Wiz. According to a joint press release from Google and Wiz, the all-cash deal is valued at $32 billion, subject to closing adjustments. Once finalised, Wiz will become part of Google Cloud. Google CEO Sundar Pichai shared more details about the deal on X. He wrote, “From our earliest days, Google’s strong security focus has made us a leader in keeping people safe online.”

Texas is continuing to stake a claim as a rival to Wall Street as a key financial hub in the United States, with Gov. Greg Abbott on Tuesday saying his state has a «stronger brand than New York.»

BEIJING — Chinese electric car company Zeekr is releasing advanced driver-assistance capabilities to its local customers for free as competition heats up, Zeekr CEO Andy An told CNBC ahead of a launch event Tuesday.

Air India CEO Campbell Wilson on Tuesday said the global aircraft shortage hampering airline growth will persist for four to five years as supply snags hobble production at jetmakers Boeing and Airbus. Speaking at an event organised by travel news website Skift, Wilson said he sees pinch points in the supply of narrowbody jet engines, business and first class seats, and some elements of aircraft fuselages. Air India is in the midst of an ambitious turnaround strategy two years after Tata Group took control of the airline, but its restructuring efforts have been complicated by jet delivery delays.

Subscribe to enjoy similar stories. Berkshire Hathaway stock continued its strong 2025 advance Monday, hitting a record high and putting it way ahead of the S&P 500 index so far this year. Berkshire’s Class A stock rose 1.8% to $784,957 while the Class B shares ended at $523.01, up 1.6%.

Subscribe to enjoy similar stories. Investing in the National Pension System (NPS) is a long-term commitment, but life doesn’t always wait until retirement. What if you need funds for a medical emergency, your child’s education, or even to start a business? While NPS has a strict lock-in period, the Pension Fund Regulatory & Development Authority (PFRDA) allows partial withdrawals under specific conditions—offering a way to access some of your savings without breaking the long-term retirement plan.

Reserve Bank of India Governor Sanjay Malhotra has expressed concerns over the rise in customer complaints and urged the top management of banks and non-bank lenders to get directly involved in improving customer services and resolving their grievances. «I suspect that we are not spending enough time on customer service and grievance redressal as a result of which not only are there a large number of complaints being received by banks and NBFCs but in the absence of satisfactory resolution, a large number of them are getting escalated to RBI Ombudsmen,» the governor said Monday in Mumbai at the annual conference of the central bank's Ombudsmen. «I would, therefore, strongly urge all the MD & CEOs, zonal and regional managers and the branch managers to spend some time every week, if not every day on grievance redressal. This is a must. All great CEOs find time to do it,» Malhotra said Monday in Mumbai.

Aditya Birla Real Estate are set to be in focus on Tuesday after its subsidiary, Birla Estates Private, announced the launch of Birla Punya, a luxury residential project in Pune’s Sangamwadi area. Birla Punya marks the company’s entry into Pune’s residential market, featuring around 1,000 apartments across four high-rise towers. Spread over 5.76 acres, the project will comprise 1.6 million sq. ft. of saleable area and will be executed in phases. Phase 1 will include two towers with 500 units, the company said.

Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and quantum computing on Tuesday, shrugging off talk of China's DeepSeek disrupting the market. Huang's keynote presentation at Nvidia's annual developers conference should pack the SAP Center in the Silicon Valley city of San Jose, where the Sharks NHL hockey team plays. Industry watchers expect Huang to spotlight Nvidia's latest Blackwell line of graphics processing units (GPUs), including new updates in the works.

The moves come as India Inc faces a severe dearth of C-suite talent in the semiconductor space due to the absence of any fab or a robust semiconductor ecosystem in the country, leaving these companies to rely exclusively on hiring expats for senior roles, the experts said. For instance, Tata Electronics tapped Intel's Foundry Services president Randhir Thakur as its CEO and MD while Murugappa Group's CG Semi roped in Filipino semiconductor industry veteran Jerry Arucan Agnes as CEO. The extended list includes past hires such as Vedanta which hired David Reed as CEO of semiconductor business and YJ Chen as CEO of display business in 2023.

inferencing hardware, said Abhijit Dubey, global CEO of the Japanese data centre giant NTT DATA. “I think it (impact) is far more fundamental. It demonstrated that the unit cost economics are significantly lower from a training and inferencing standpoint. Number two, it demonstrated that open source is viable. And number three, that there's a lot more value in inferencing than just pure training.” However, despite the Chinese disruption, NTT has not recalibrated capex plans for data centres and the industry is undergoing a boom cycle, he said. Globally, NTT has committed to invest 8 trillion Yen ($59 billion) between FY2023 to FY2027 in data centres and AI.

Blackwell Ultra GB300 AI chip, developments in quantum computing, and new AI-driven innovations in robotics, autonomous systems, and data centers.

In this article

Talking to PTI, Clarkson also said that while India has a net-zero target (balancing emissions with removals) for 2070, there is a need for greater ambition. She suggested that India should align with other countries in moving its net-zero goal forward.

Airtel Payments Bank has surpassed one billion transactions on its platform in January 2025, reflecting a 47 per cent year-on-year growth in transaction volume across businesses, according to a top official. Anubrata Biswas, MD and CEO at Airtel Payments Bank told PTI that the «milestone» underscores increasing adoption of digital banking and payment solutions. It also highlights the diverse business model that the bank has built over the years. The bank caters to three key customer segments, urban digital, underbanked, and industries and institutions. «The bank's extensive digital presence combined with its deep distribution of over 5,00,000 banking points across India has been instrumental in making its services accessible to millions of customers in both urban and rural areas. Today, the Bank's monthly transacting users exceed well above 100 million,» Biswas said.