CEO Financial News

B Capital, which has backed the likes of Byju’s, Meesho and Pharmeasy in India, has announced two appointments to further expand its climate investment practice. Rich Lesser, global chair and former CEO of Boston Consulting Group (BCG), has joined as vice chair, climate & sustainability and senior advisor, as per a statement.

Air India employees, CEO Campbell Wilson expressed gratitude for their hard work and dedication, which he credited for the airline's progress over the past year. He also announced that the annual appraisal cycle is currently underway and will be retroactively effective from April 1. «The end of the Financial Year also caps off the annual appraisal cycle which has been underway for some time, as well as allows us to tally our annual financial results,» he added in the first 'Friday Message' of 2024-25 to employees. «Please bear with us whilst this important but necessary process runs its course.» Wilson highlighted Air India's ambition to become «a world-class, global airline with an Indian heart,» noting the accelerated progress of its Vihaan.AI initiative. He also mentioned the successful onboarding of the first batch of cadet pilots, who are set to begin ground training in the US. Additionally, he acknowledged the cabin crew for clearing the backlog of training batches, leading to the addition of the 4,000th crew member since privatization.

Circle Squared Alternative Investments founder Jeff Sica discusses the DOJ antitrust lawsuit against Apple that claims the tech giant monopolized smartphone markets, on 'Varney & Co.' 

The highly anticipated fourth Bitcoin halving event is fast approaching, expected to occur around April 19, 2024.

Callan Family Office, a bespoke investment advisory firm based in Pennsylvania, has just achieved a significant asset milestone.

A duo of advisors formerly with Key Private Bank has joined boutique wealth manager Bison Wealth.

Greaves Electric Mobility, the electric mobility segment of Greaves Cotton, Friday said it has appointed K Vijaya Kumar as its executive director and CEO. In his new role, Kumar will lead the company's initiatives in product development, dealer distribution and market expansion, among other areas. «We extend a warm welcome to K Vijaya Kumar, the newly appointed executive director and CEO of Greaves Electric Mobility,» Nagesh Basavanhalli, non-executive vice chairman of Greaves Cotton, said in a statement. «His established track record and experience in growing businesses will facilitate our progress in the electric mobility space.»

Radhika Gupta, the CEO of Edelweiss Mutual Fund, recently shared tips for parents to start investing for their minor kids. Radhika shared five key tips for parents to guide them about investing for their kids, sparking conversations among readers, prompting inquiries and discussions. Addressing doubts and misconceptions, Gupta also debunked myths surrounding minor investments. In a recent post, Gupta clarified common concerns, stating, «You can get a PAN for a minor as soon as they are born. You need a birth certificate and Aadhar first. You can open a bank account for a minor.» She further emphasized, «You can invest for a minor in their name in an AMC in regular funds (not just children’s funds).»

Canadian Imperial Bank of Commerce chief executive Victor Dodig doesn’t expect a flurry of interest-rate cuts any time soon.

Bandhan Bank on Friday announced that Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer will retire from the position upon completion of his current tenure on July 9, 2024. «After leading the Bank for almost a decade including three consecutive tenure as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group level. Hence, I have decided to retire from the services of Bandhan Bank at the end of my current tenure as MD & CEO, i.e. on July 09, 2024. I sincerely request the Board to accept my decision. I am grateful to the Board for continued support and advice over the years which has been a great source of strength,» said Ghosh in his letter. Bandhan Bank on Thursday said its loans and advances have clocked Rs 1.28 lakh crore at the end of the fourth quarter of the 2023-24 fiscal, registering a 17.8 per cent growth year-on-year. The lender said the same was Rs 1.09 lakh crore by the end of March 31, 2023.

Encouraging the audience of payments professionals and executive bankers to think differently, Birch will take to the stage – as many have done before him – to provide insight into the economic and political ramifications of the move towards digital money.

J. Cole has responded to Kendrick Lamar's diss in the song 'Like That' by Future and Metro Boomin. Lamar's verse on the track took shots at Cole and Drake, questioning their status in the industry. While Drake addressed Lamar's insult during his tour, Cole took a more direct approach by releasing a new album titled 'Might Delete Later,' catching fans off guard.

Tech giant Apple has laid off 600 employees across its self-driving car and smartwatch screen projects, news agency Bloomberg reported on Friday. Both projects were scrapped earlier this year. According to the report, Apple filed eight separate reports to the state of California to comply with the Worker Adjustment and Retraining Notification, or WARN program.

Cappadocia, Turkey, or savouring a superb cup of kadak chai. Top bosses share one experience that scores a perfect 10 for them.

Blinkit, Albinder Dhindsa, announced on X that the firm is collaborating with Sony to distribute the recently released PlayStation 5 Slim edition game system, which was released in India on April 5. According to a press release from Blinkit, customers in Delhi NCR, Mumbai, and Bengaluru can now receive the brand-new PlayStation 5 Slim models and controllers delivered in ten minutes. Albinder Dhindsa, the CEO of Blinkit, also verified the collaboration in a post on X (previously twitter).

The resolution was put on the asset manager's annual proxy ballot in a bid to change its corporate bylaws to require an independent chair. BlackRock's Larry Fink: 'Portfolio of the future' includes private markets In the submission, Bluebell stated: «The CEO of BlackRock is also the chair. The role of the CEO is to run the company. The role of the board is to provide independent oversight of the CEO. Therefore, in general terms, there is an inherent conflict of interest for a CEO to act as her/his own oversight as chair.» «While each situation needs to be reviewed on a case-by-case...

Xcelerate, a Singapore-based GRC and ESG investment platform, has acquired a strategic equity stake in Stirrup Communication, India's leading stakeholder communications consultancy, for an undisclosed amount, sources familiar with the transaction said. Stirrup Communication, boasting a current clientele of more than 250, ranging from the Tata Group to the Birla Group, specializes in ESG communications and corporate reporting. Founded by Arvind Agrawal, Stirrup previously operated under AICL Communications Limited (AICL) before transitioning to its current identity. The company has been active in corporate reporting and stakeholder communications for over 17 years, pioneering Integrated Reporting, Sustainability Reporting, and ESG Communication. It has served as a consulting partner for over half of the integrated reports published in India. As part of the acquisition, K V Ramakrishna, former CEO of Kotak Private Equity, and KV Ramanand, CEO of XLSure India, will join the board of Stirrup. Founder Arvind Agrawal will continue to lead the company and report to the board, added another source.

Americans had better start acting like London commuters and “mind the gap” when it comes to retirement, or they could be in big trouble down the line.  

A major South Korean computer chipmaker said Wednesday it plans to spend more than $3.87 billion in Indiana to build a semiconductor packaging plant and research and development center

Much about billionaire philanthropist MacKenzie Scott’s giving remains a mystery, but a recent round of grants to nonprofits offer some insights

When you're doing your taxes, it can sometimes be hard to know whether to itemize or take the standard deduction