CEO Financial News

online payment failures. Online payment failures can be exasperating for both customers and businesses. Here are five common reasons for online payment failures in India and ways to prevent them: Banks and payment gateways may undergo scheduled maintenance or face unplanned outages.

Xiaomi on Thursday said it has received more than 100,000 orders for its first electric vehicle, the SU7, as it began deliveries. The first deliveries come from the first batch of 5,000 cars that the company has already produced. Xiaomi's SU7 — short for Speed Ultra 7 — enters a crowded China EV market with an attention-grabbing price tag — under $30,000 for the base model, cheaper than Tesla's Model 3 in China.

UltraTech Cement: The company has announced its plan to allocate ₹32,400 crore for capital expenditure over the coming three years, aiming to expand its operations. The firm intends to augment its capacity to approximately 200 million tonnes per annum (MTPA) in the near term. In addition, the company has reported the initiation of two new greenfield projects with an aggregate capacity of 5.4 MTPA.

Amazon is removing Just Walk Out technology from its Amazon Fresh stores as part of an effort to revamp the grocery chain

There’s a new face and title at Hightower Advisors.

Luma Financial Technologies is helping more advisors get access to its annuity management capabilities through a new partnership.

Former “king of crypto” Sam Bankman-Fried is speaking out following his sentencing last week that saw the FTX founder nab 25 years in prison, telling ABC News in an April 1 interview that he “never thought” his actions were criminal.

luxury hotels of brands such as Fairmont, Raffles and Sofitel opening up in the years ahead besides hotels of other brands from Accor’s luxury and lifestyle division, said Sébastien Bazin, group chairman and CEO of the French multinational hospitality chain and Europe’s largest hotel chain in an interview with ET. Accor will open 30 hotels in India totalling about 5,500 keys in the next three to five years. The chain currently has 62 hotels in India totalling around 11,000 rooms, but that’s not enough, Bazin said. “I have been a big believer in India, but we have 2000 hotels in France and less than 100 hotels in India. Going by the size of the country, we should have well over 1000 hotels here. I know this is going to take very long but it should happen in the future and it is going to be worth it. We will need more Accor employees here across many different layers over time and we will have to give them greater decision-making powers," he added.

General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday

Binance  has named a board of directors for the first time in an effort to reshape its image following last year’s guilty plea to US charges of anti-money laundering and sanctions violations.

Empire Co. Ltd. chief executive Michael Medline says there’s no evidence that a grocery code of conduct would raise food prices for Canadians.

ZEE Entertainment Enterprises (ZEE), MD & CEO, Punit Goenka on Tuesday announced his decision to implement a 20 per cent reduction in his remuneration. «Frugality, Optimization and a Sharp Focus on Quality Content are the three key tenets of the plan implemented by Punit Goenka, to drive the Company to the targeted goals; and the above mentioned voluntary decision, is in line with this approach,» Zee said in a statement. In FY23, Goenka received a remuneration of Rs 35 crore, including Rs 21 crore in salary and allowances, Rs 9 crore in variable pay, a one-time payment of Rs 5 crore, and a provident fund contribution of Rs 0.2 lakh, according to the company’s annual report.

MyGate has announced changes to its management team. The firm has elevated cofounder Abhishek Kumar, who was previously the chief operating officer, to the position of chief executive. Kumar has previously served as vice-president at American investment bank Goldman Sachs. Meanwhile, cofounder Vijay Arisetty, who previously served as the chief executive, has now taken the role of chairman of the board. According to the company, Arisetty will guide the team on the firm's strategic direction and continue to mentor the leadership team.

GE Vernova, which houses General Electric's (GE) renewable energy, power, and digital businesses on Tuesday said its spin-off from GE is complete and it will begin trading as an independent company on the New York Stock Exchange under the ticker symbol GEV. In 2021, General Electric decided to split its businesses into GE Healthcare, GE Aerospace, and a third unit, GE Vernova.

The collapse of a proposal to relocate the Washington NBA and NHL teams to northern Virginia has set off an extraordinary round of bitter recriminations among some of the officials and companies that were parties to the deal

Apollo Hospitals, India’s leading private hospital network with 71 owned and managed hospitals, has onboarded Vishal Lathwal as chief executive for its homecare business. In his new role, Lathwal will be responsible for driving the company towards the next phase of growth. He will be tasked with cultivating relationships with key stakeholders, identifying growth opportunities, and managing financial performance, while ensuring delivery of high-quality home healthcare services. With over 15 years of professional experience spanning consulting, automobile, and healthcare sectors, Lathwal has expertise in building and expanding direct-to-consumer (D2C) offerings. He is a founding member of Max@Home, the homecare division of Max Healthcare.

Average daily turnover in NSE's equity cash segment sees massive fall in March but gains 98% in FY24 “The weakening of the Yen, especially to a 34-year low, can have significant impacts on various sectors in India, particularly the automotive industry. The automotive industry is growing in India, and many Indian companies are collaborating with Japanese companies for technology exchange and components," said CA Krishnan R, Director & CEO of Unimoni Financial Services Limited. Krishnan further highlighted that Maruti Suzuki India Limited (MSIL), which is country's largest passenger car maker, is expected to the biggest gainer.

Ajax has suspended new CEO Alex Kroes and says it intends to fire him on suspicion of insider trading in the club’s shares

Bhavish Aggarwa revealed on Tuesday that the autonomous electric scooter prototype which the company showcased on microblogging site X (formerly known as Twitter), was not an April Fool's joke, but a real project under development. On April 1, India's largest mobility platform made an announcement via a video —which went viral—arousing widespread curiosity about its authenticity. In a post on X, Ola CEO said, “Not just an April fools joke!.

Shop price annual inflation eased to 1.3% in March, down from 2.5% in February, making it the first figure below 2% in over two years and below the three-month average of 2.2%. Revised GDP figures confirm UK economy fell into a recession last year On a monthly basis, food prices fell by 0.3%, while non-food prices declined 0.4%. Mike Watkins, head of retailer and business insight at NielsenIQ, said a «key driver» of the slowdown was a fall in food prices, but «intense competition» among retailers also contributed. UK consumer confidence stalls in March Helen Dickinson, CEO of...

Holman was a founding partner of TwentyFour AM and served as the firm's CEO from 2008 to 2021m when he transitioned to a portfolio manager role in the multi-sector bond investment team. He currently oversees the TwentyFour Select Monthly Income investment trust, whose chair Ashley Paxton thanked Mark for years on the trust. Amundi appoints former SSGA value CIO as equity investment platform chief Paxton said: «The board would like to thank Mark for his contribution to the company since its launch in 2014. We have enjoyed working with Mark and are grateful for his efforts in buildin...