CEO Financial News

Kolkata and surrounding areas, e-rickshaws, popularly known as 'toto', are set to be powered by lithium-ion batteries with the rolling out of a battery leasing model, officials said on Sunday. Neuron Energy, a lithium-ion battery maker, has joined hands with Urja Mobility to spearhead the leasing model which has so far been heard only in the business-to-business EV sector, they said. «We're kick-starting this journey from Bengal, offering lithium-ion batteries for e-rickshaws on a lease model with our financing partner, Urja Mobility. Our sights are set on expanding to other markets soon,» said Pratik Kamdar, CEO & Co-Founder of Neuron Energy. This will empower e-rickshaws, with GPS-enabled lithium-ion batteries, zipping through the lanes of Kolkata, he said.

The biggest U.S. airlines and their unions are asking the Biden administration to stop approving more flights to the United States by Chinese airlines

Also read: How Nothing CEO Carl Pei is breaking barriers Started in 1924 by brothers Parameshwara Maiya and Ganappayya Maiya as a restaurant called Brahmin Coffee Club, and renamed Mavalli Tiffin Rooms (MTR) in 1951, MTR is a household name for Kannadigas everywhere. While the original restaurant on Lalbagh Road in Bengaluru continues to be a major draw for food enthusiasts of all stripes, the brand is also a multi-million dollar company in the packaged food business. Its basket of 140 products includes ready-to-eat meals, breakfast mixes, traditional spices and masalas and sweets, among others.

Institutional investment in real estate has declined by 55% during Q1 2024 to USD 552 million, due to the cautious approach of foreign investors amid global macroeconomic uncertainty, according to consultancy firm Vestian. Domestic investors showcased resilience and accounted for 98% of the total institutional investments received in the current quarter. Although the share has increased from 36% a year earlier, investments in value terms increased by only 21%. “Domestic investors are bullish about India’s growth story, continue to pour in investments in the real estate sector. On the other hand, foreign investors are cautious due to global macroeconomic uncertainty and geopolitical tensions,” said Shrinivas Rao, FRICS, CEO, Vestian.

sustainability. This radical departure from linear supply chains, entrenched in the take-make-dispose mindset, signals a transformative wave in business operations. Zero-waste logistics strategically tackles waste reduction across the entire supply chain, spanning from production through consumption and decisively sealing the loop on sustainability. In recent years, sustainability has surged to the forefront of business priorities, marking a 292% increase since 2021, according to Gartner's CEO survey. As this awareness grows, businesses re-evaluate their supply chains, seeking greener alternatives in line with circular economy principles. Following the take-make-dispose model, traditional supply chains have proven inefficient and costly. This linear approach contributes to environmental degradation and is also identified as a critical driver of biodiversity loss. Recognising this, businesses are now focusing on closing the loop on sustainability, emphasising circular models that address the root cause of waste production. The World Economic Forum defines the circular economy as 'restorative or regenerative by intention and design' to prevent waste generation. Circular supply chains operate on a closed-loop system, incorporating reuse, sharing, repair, refurbishment, remanufacturing, and recycling. A crucial component of this system is circular economy logistics, including reverse logistics, facilitating the circular flow of goods and connecting resources, products, and consumers.

The UK’s Competition and Markets Authority (CMA), led by Sarah Cardell, has voiced its displeasure with the control of AI Foundation Models (FMs) by a small number of tech companies. This concern was outlined in a paper presented by the CEO during an Antitrust Law Spring Meeting in Washington on April 11.

California McDonald’s franchisee Scott Rodrick joins ‘Varney & Co.’ to discuss California’s highly controversial $20 minimum wage hike.

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve's rate trajectory, 2024 economy, looming bank regulations and artificial intelligence.

brought us the details of what went down between Wipro’s chairman and its former French chief executive over a phone call. In this backdrop, Mark to Market analyst Harsha Jethmalani dissects the various issues facing the company and what the new CEO will need to do. We also have two pieces by our new correspondent Shelley Singh – an explainer on why expat CEOs don’t last the distance in Indian IT companies, and a deep dive into whether Srinivas Pallia has what it takes to steer Wipro forward.

As of 31 March 2024, the firm's closing AUM stood at £10.7bn, an increase from £10.1bn at the start of the year, according to its Q2 AUM update. The acquisition of Tellworth Investments and the appointment of the firm as an investment manager to GVQ Investment Funds led to an addition of £560m to the firm's AUM. The deals resulted in an additional £368m in equity funds and £192m in segregated mandates. Tellworth Investments sale to Premier Miton receives FCA approval Mike O'Shea, CEO of Premier Miton, said:  «Both [deals] are complementary to our existing business and align with ou...

Anand Rathi Wealth reported a consolidated net profit of Rs 57 crore for the quarter ended March, up 33% compared with the year-ago period. Total revenue for the same period rose 34% year-on-year to Rs 197 crore.

Mint. Discharges like jarosite that mostly went to landfills will now generate byproducts that can be used in the fertilizer and paint industries. This can reduce the waste generated by the leading zinc producer.

Pulte Capital CEO Bill Pulte discusses the impact of inflation on the housing industry.

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Artificial intelligence data centers are becoming so ravenous for power that they threaten to max out electricity grids. Yet one of the technology’s least glamorous uses—finding ways to pinch pennies on energy bills in homes and commercial buildings—could ease the crunch. Industry leaders think that AI has the potential to change everything from how cancer is diagnosed to the way advertising campaigns are created.

Sundar Pichai also talked about the importance of Artificial Intelligence (AI) and the transformative qualities of the same. Sundar Pichai during his talks advocated against ‘rewarding every outcome’ of his employees.

HashKey CEO Livio Weng criticized Hong Kong’s recent regulations around crypto trading, expressing concerns that they may impede access for international clients.

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Tesla gets ready to import German-made EVs to India Stellantis, which was formed after the merger of Italian-American conglomerate Fiat Chrysler Automobiles and French PSA Group, currently sells its Jeep and Citroen brands in India. "It is also important for us as a player in the Indian automotive space to be competitive. We want to leverage India as a 'best cost country', which is what we call 'India for the world," Stellantis India CEO & MD Aditya Jairaj said.

‘Looking forward to meeting with PM Modi’: Elon Musk confirms visit to India Tesla share price has jumped nearly 6 per cent this week so far on NASDAQ ahead of CEO Elon Musk's meeting with Prime Minister Narendra Modi. Musk has confirmed that he will be visiting India and meeting PM Modi amid buzz that EV (electric vehicles) maker Tesla is finally scouting for land to set up a factory in the country. Tesla share price closed 1.65 per cent higher at $174.60 in the previous session.

Mint in the week gone by. In a historic milestone, the Indian stock market’s valuation crossed ₹400 trillion, with the last ₹100 trillion coming in a mere nine months. The policy decision made by the oil cartel Opec+ earlier this month has resulted in a surge in international crude prices to their highest level in five months.