CEO Financial News

Thought you were done traveling for work? Think again. Videoconferencing hasn’t made in-person meetings obsolete. Scattered workforces have in some cases resulted in more trips, not fewer.

Stock market today: After the announcement of strong Q4 results 2024 on Saturday, Yes Bank shares witnessed strong buying in early morning deals on Monday. Yes Bank share price today opened upside at ₹27.50 apiece on NSE and went on to touch an intraday high of ₹28.55 per share within a few minutes of the stock market's opening bell, logging to the tune of an 8 percent intraday rise on Monday.

BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company's China-made vehicles passed the country's data security requirements, the automaker said Sunday.

Activity this week in the largest nontraded real estate investment trust, the Blackstone Real Estate Income Trust Inc., is an indication of signs of life in commercial real estate despite interest rates that look like they will remain high for months to come.

AI plumbing. It may not sound as exciting, but tens of billions of dollars are quickly being spent on behind-the-scenes technology for the industry's AI boom. Companies from Amazon to Meta are revamping their data centers to support AI. They are investing in huge new facilities, while even places like Saudi Arabia are racing to build supercomputers to handle AI. Nearly everyone with a foot in tech or giant piles of money, it seems, is jumping into a spending frenzy that some believe could last for years.

It is a long-term investment, has very low costs and comparitively low risk. Investors should look beyond tax and invest more than the deduction limit, Rahul Bhagat, CEO of DSP Pension Fund tells ET Wealth. DSP has returned to the NPS after several years. What made you come back? The pension market has matured and the regulatory framework is more robust now. Instead of applying for a licence every five years, we now have a perpetual licence. The very low charges have also been revised. The charges are still quite low, but enough to make the business viable in the long term. All this gives us confidence to stay in the business for the long term. What makes the NPS a better product than other retirement options?

NPS) was opened to the general public 15 years ago, it managed to get less than 5,000 voluntary investors. The investment rules were not very clear, the structure was quite complicated and there was also no clarity on the tax treatment of the income. But over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and introduced new features. It has also made it easier to open an NPS account. If you have the necessary documents, the account can be opened online within minutes. The Finance Ministry has done its bit by introducing tax benefits on contributions, including tax deductions that are exclusive to the NPS and making 60% of the maturity corpus tax free. As a result, the NPS is slowly gathering pace. In 2023-24, some 8.73 lakh voluntary investors joined the scheme. That’s an average 2,391 investors joining per day, almost 100 every hour. But the NPS is still not the preferred investment vehicle for retirement. With only 55 lakh voluntary investors, it has tapped only 10% of the total investing population in the country.

Kavya Maran, the CEO of Sunrisers Hyderabad, hardly misses any match of her team and is known for supporting SRH throughout the games. Due to her undivided attention in the SRH vs CSK's IPL 2024, Maran quickly responded when Pat Cummins' team, missed a costly run out of Rutura Gaikwad. Her disappointment, which was visible on the camera, garnered attention on social media.

Gurpratap Boparai CEO of Mahindra's automotive businesses in Europe, Mahindra Trucks & Buses (MTB) and construction equipment has resigned from the company, according to a company's internal circular undersigned by Rajesh Jejurikar, executive director and CEO auto and farm sectors. He joined Mahindra in 2022 taking charge of its European operation — overseeing Peugeot Motors and Automobili Pininfarina. Boparai has «decided to pursue opportunities outside the Mahindra Group,» it stated. His last working day will be May 31, 2024.

Tata Sons chairman N Chandrasekaran has articulated an ambitious growth objective for group chief executives, urging them to intensify efforts in propelling growth and fostering additional momentum across key sectors like electronics, EVs, batteries and steel in 2024. Additionally, he has emphasized the importance for CEOs and CXOs in traditional sectors to meticulously execute business strategies on the ground to seize growth opportunities. Group companies were also asked to work harder on customer-centricity and the One Tata plan set in motion a few years back in terms of giving businesses to each other across categories. This was the theme that brought together around 500 Tata group leaders at the JW Marriott Marquis in Dubai over the weekend for their annual offsite meeting, said top executives at the $270 billion conglomerate. Trent chairman Noel Tata and his three children — Neville, Leah and Maya — attended the meet.

JPMorgan CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation

Get ready for changes in boarding and seating at Southwest Airlines

Transit officials say the start date for the $15 toll most drivers will be charged to enter Manhattan’s central business district will be June 30

Tesla founder and CEO Elon Musk has met with a top government leader in the Chinese capital, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show

Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. «We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million,» Mitra — one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned — told PTI.

Sheikh Mohammed bin Rashid al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion AED ($34.85 billion), he said on Sunday in a post on X. The Al Maktoum International Airport will be the largest in the world with a capacity of up to 260 million passengers, and five times the size of Dubai International Airport, he added, saying that all operations at Dubai airport would be transferred to Al Maktoum in the coming years.

The CEOs of leading U_S_ technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.”

U.S. Silica has agreed to go private in an all-cash acquisition by Apollo Global Management that values the industrial minerals company at about $1.85 billion

"When sorrows come, they come not single spies, but in battalions." —William Shakespeare, Hamlet The higher the climb, the harrowing the descent. If there is one sector which is experiencing this truism, it is information technology. From the heady days of the pandemic-triggered digital boom, to the current slowdown due to growth headwinds in the West, the country’s $250-billion IT sector has traversed a full cycle over the past few quarters.

Elon Musk got the market’s memo. Mark Zuckerberg missed it. Cathie Wood ignored it.

startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi by March next year as it works on ways to alleviate urban congestion. Incubated out of the Indian Institute of Technology (IIT), Madras, the company also aims to initially commercialise its drones that can carry a payload of 2-6 kilograms in the coming months, according to a senior executive. The ePlane Company's Founder and CEO Satya Chakravarthy said it is developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and to begin with, it will be a three or four-seater plane which can be converted into an air ambulance.