CEO Financial News

SolarAI, the cryptocurrency focused on solar energy and artificial intelligence, has raised more than $1.2 million during its pre-sale, with a pre-sale price of $0.0015 per unit and a final listing price of $0.015. This impressive achievement reflects the growing interest in its sustainable vision.

If advisors want to continue to stay relevant and continue to have a fresh value proposition that their clients appreciate, it’ll be crucial for them to be open, curious and understanding.

Paramount Global has announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company

Shares of Tesla stock have rallied after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software

The activist investors trying to take control of Norfolk Southern are picking up key support

The second of two new nuclear reactors in Georgia has entered commercial operation

Medical device maker Philips will pay $1.1 billion to settle personal injury lawsuits in the U.S. over its defective sleep apnea machines

The chief executive officer of Ola Cabs, Hemant Bakshi, is reported to have resigned after barely spending four months in the position. The company is also set for restructuring, which may lead to a 10% staff reduction. As top management exits often are, the back-story of his exit is shrouded in mystery.

BENGALURU : Wipro Ltd’s new chief executive officer Srinivas Pallia stands to make up to $7 million in remuneration in his first year. India’s fourth-largest technology services company has also agreed to pay $4.33 million to former CEO Thierry Delaporte, a first-of-its-kind cash payment made to any outgoing executive in the company’s history. Delaporte’s annual remuneration, when he was in office, was $10.1 million.

Tata Sons is rushing to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, people familiar with the matter said. They added that both the airlines have approached the civil aviation regulator and started working on merging their operations manuals and transfer of flying crew from one airline to the other. The merger is an effort by the salt-to-steel conglomerate to simplify its aviation business. As part of that, while Air India and Vistara will be merged to create a full service airline, AirAsia India and Air India Express have been integrated to create a single low-cost airline.

Tata group-backed Indian Hotels Company (IHCL) has set an ambitious aim of a double digit topline growth this fiscal, besides plans of opening 25-30 hotels. It will also launch hotels overseas, but its primary target will remain India's thriving hospitality industry. “Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,” Puneet Chhatwal, MD and CEO of IHCL, told ET in an interview. Chhatwal said while FY2025 will be a 'breakthrough year' for international expansion, the primary focus will remain on the Indian subcontinent.

Birlasoft reported a net profit of Rs 180 crore in the March quarter of FY24, up 11.8% quarter on quarter (QoQ). The profit for the company grew by a whopping 60.5% on-year. The growth in profit in Q4 comes on the back of surge in non-core income, slight increase in operating margin and a decline in employee expenses. Operating margin jacked up by 33 bps (3.8% QoQ) to end at 14.7% in the final quarter of FY24.

Big companies often get highlighted for the huge compensations that they offer and the perks one gets while working for them. Meta's average package is a whopping $379,000, according to a recent SEC filing. The company, which employs around 67,000 people, said that its median employee made over $379,000 in the year 2023. The average pay for a tech position falls between $35,000 to $120,000 depending on the role, but Meta's pay is significantly higher than that. However, giants like Google and Amazon offer packages that go well above $300,000 for similar positions.

Richard Perkett as its Chief Product Officer (CPO). Richard is set to steer Amagi’s product strategy with a focus on customers' goals and priorities. He brings over 25 years of experience in product management, product marketing, engineering, and user experience (UX), with a proven track record of leading SaaS-centric product strategies across multiple industries. Amagi, which was last valued at $1.4 billion, is a global leader in cloud-based SaaS technology for broadcast and connected TV (CTV).

KPIT Technologies, focused on automative and mobility software services, has reported a 47.2% year-on-year rise in net profit (attributable to shareholders) at Rs 164.4 crore for the fourth quarter ending March 2024. The Pune-headquartered firm’s profit a year ago stood at Rs 111.6 crore in Q4FY23 and at Rs 155.3 crore in the preceding quarter.

In this edition of InvestmentNewsTV, we sat down with Tom Ruggie, CEO and portfolio manager of Destiny Wealth Partners. Ruggie shared insight into how Destiny Wealth Partners became one of the fastest-growing fee-only Registered Investment Advisers (RIAs) of 2023, and how the firm reached the milestone of managing $1 billion in assets. 

As the working week drew to a close in Frankfurt, Deutsche Bank AG’s Christian Sewing was on a roll. Upbeat first-quarter earnings had sent the lender’s shares to the highest level since 2017, bolstering a perception that the firm had finally shaken off its scandal-prone past.

QI Research CEO and chief strategist Danielle DiMartino Booth discusses whether stubbornly high inflation data will delay Fed rate cuts on «Making Money.»

cryptocurrency market experienced a decline in Monday's trading session, with Bitcoin slipping 2.3% to $62,300, while Ethereum fell 4.3% to $3,170. In addition, the global cryptocurrency market cap decreased by 2.94% to approximately $2.31 trillion over the last 24 hours.

BRISKPE, a Mumbai-based cross-border payments platform working on simplifying global payments for MSMEs. This investment underscores the importance of seamless international payments as part of PayU India’s strategy. PayU says it is committed to partnering with BRISKPE to meet the Indian government’s vision of reaching $2 trillion in exports by 2030. PayU will continue to invest in accelerating the adoption and simplify cross-border payments for multiple cohorts by adhering to new regulatory licenses like PA-CB. Vijay Agicha, Chief Investment Officer, PayU, said in a statement, “BRISKPE's alignment with our cross-border payment strategy and focus on compliance highlights a symbiotic partnership. With BRISKPE’s top-notch management team, expertise in digital-first business models and banking systems, we're excited to actively participate in shaping their future growth. We're optimistic about the potential in cross-border payments and remain committed to driving economic growth in India."

YES Bank on Monday jumped up to 9% to day's high at Rs 28.50 on BSE after reporting a 123% year-on-year (YoY) surge in its March quarter profit to Rs 452 crore. The rise in PAT is attributed to income tax refunds (including interest on refund of Rs 118 crore) aggregating to the tune of Rs 247 crore received during the quarter.