CEO Financial News

Bulgari’s jewellery and watches have been lapped up by Indians. “We recorded our best ever sales performance in India in 2023,” says Babin. According to consulting major Bain & Co, the luxury goods market, which includes personal luxury goods, jewellery, home décor, cars, boats and spirits, is now worth $17 billion in India, and is expected to be $90 billion by 2030. Out of the $17 billion market, the personal luxury goods market, which includes watches, leather, apparel and beauty, is $4 billion.

Wipro Limited on Saturday announced Srinivas Pallia as its Chief Executive Officer and Managing Director, effective immediately, according to the exchange filing on BSE. Pallia will succeed Wipro's former CEO Thierry Delaporte, who stepped down from the post after four years “to pursue passions outside the workplace". Srinivas Pallia will be based in New Jersey and will report to Wipro's Chairman, Rishad Premji.

Wipro Chief Executive Officer and Managing Director. He will be succeeded by Srinivas Pallia, who has spent nearly three decades with Wipro. Till now he was the CEO for the company's Americas 1 area, said the company in its BSE filing on Saturday.

will take over as the new new CEO and MD from April 7, 2024, for a period of five years, said India's fourth-largest tech major in its statement on Saturday. Palia is a Wipro veteran and has spent over three decades at Wipro.

Wipro's share price rose 121.43 per cent during Thierry Delaporte's tenure as chief executive officer (CEO) and managing director (MD) of India's fourth-largest technology major. Delaporte took over as Wipro boss in July 2020 when the Wipro's closing price was seen at ₹219.05 (on July 1, 2020) compared to the latest closing price of ₹485.05 (on April 5, 2024).

Vistara citied "various operational reasons" and "high utilisation of resources" as a cause of the cancellations and delays. In a statement, Vinod Kannan said the situation has already improved with its on-time performance improving for the last three days. "We hope to stabilise our operations for the rest of April 2024 by this weekend." Referring to the new contract for pilots, the CEO of the airline with 1,000 pilots, said “over 98 per cent of pilots have signed the new contract", however some pilots have some concerns and queries regarding the contract.

Vistara CEO Vinod Kannan on Saturday said the airline hopes to stabilise operations for this month by this weekend and that more than 98 per cent of pilots have signed the new contract. The full service carrier faced significant disruption in operation earlier this week due to the non-availability of crew and many flights were cancelled. In a statement, Kannan said the situation has already improved with its on-time performance improving for the last three days. «We hope to stabilise our operations for the rest of April 2024 by this weekend,» he said.

Ather Energy will continue to require external capital for a few more years for growth, cofounder and chief executive Tarun Mehta said on Saturday. At the same time, the overall two-wheeler EV industry would require government subsidies to continue to grow at a healthy rate, he added. Urging for a third version of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) subsidies, Mehta said that a “critical and sunrise sector” like two-wheeler EVs “could see degrowth with some products becoming unviable” if subsidies are pulled back too quickly.

Alibaba, the prominent Chinese e-commerce giant, aims to revolutionize global delivery services by exploring one-hour deliveries using a rocket-based system in partnership with Beijing's Epoch Space. Facing fierce competition, especially in its flagship Taobao marketplace, Alibaba seeks to maintain its industry dominance. Previously offering five-day deliveries in key global markets through Cainiao Smart Logistics Network, Alibaba now ventures into rocket-based transportation to further expedite delivery times.

₹5,000 crore through the qualified institutions placement (QIP) to accelerate its growth plans. In a late regulatory filing, the company disclosed that it will use the proceeds of the QIP for the prepayment of its debt and to invest in its renewable arm, JSW Neo Energy.

Co-living property operators are looking to bolster their revenue streams by collaborating with developers for build-to-suit (BTS) properties, providing short-term stays and signing hospitality partnerships in the aftermath of the Covid-19 pandemic. “The BTS properties we offer are designed in-house by a team of architects in collaboration with a panel of students to ensure that their specific needs and preferences are integrated into the design,” said Parth Soni, co-Founder of Union Living. Union Living is offering 500 beds in Mumbai and Pune. By June, its operational co-living beds are set to increase to 1,500 across nine properties in the two cities.

When Canada Goose employees received an email on Monday, March 25, telling them not to come into the office the following day, they feared the worst.

Robotaxi on August 8, CEO Elon Musk announced in a social media post on his site X (formerly known as Twitter). This comes as Tesla registers weak sales amid competition from affordable Chinese electric vehicles (EVs), Bloomberg reported. Following the announcement, Tesla's shares surged by up to 5.1 percent in postmarket trading in New York.

Thomas Siebel tells Maria Bartiromo artificial intelligence is the most rapidly growing segment of the information technology industry that people have seen in four decades at the World Economic Forums annual meeting in Davos, Switzerland.

sharing plan in June, said Disney CEO Bob Iger, as per a report in Deadline. Disney+ Password Sharing Plan is set to revolutionize the streaming landscape, initially debuting in select markets in June before a widespread launch slated for September, Iger told CNBC. This innovative approach acknowledges the evolving dynamics of digital consumption, offering flexibility while ensuring equitable access to content.

PTI quoted Karnataka State Cricket Association (KSCA) CEO Shubendu Ghosh as saying. ALSO READ: Bengaluru water crisis: BWSSB to supply recycled water for construction from today The NGT took suo motu cognizance after reports emerged which mentioned the Chinnaswamy Stadium has been getting treated water supply for IPL matches.

Former Home Depot CEO Bob Nardelli and America First Institute chief economist Michael Faulkender give their economic outlook on 'The Evening Edit.' 

McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region

Ticket sales for TOKEN2049 Dubai reach full capacity two weeks ahead of the event

₹23,000 crore. Bandhan started as a non-government office (NGO) in 2001, with a focus on women empowerment and poverty alleviation. In 2006 it acquired a non-banking finance company (NBFC) licence and was renamed to Bandhan Financial Services Ltd (BFSL).

water crisis in the city, the National Green Tribunal (NGT) has asked the Karnataka State Cricket Association and other state authorities concerned to furnish details of water being used at the M Chinnaswamy Stadium during the IPL matches here. Apart from the state cricket association, NGT has also asked the Bengaluru Water Supply and Sewerage Board (BWSSB) and Karnataka State Pollution Control Board (KSPCB) to submit the particulars about the quantity and source of the water by May 2. «We are studying the notice, and as such the stadium complies with the NGT norms. So, we are confident of going ahead with the matches,» said Karnataka State Cricket Association (KSCA) CEO Shubendu Ghosh. The Tribunal has taken suo motu cognizance after reports emerged that the Chinnaswamy Stadium has been getting treated water supply for IPL matches.