CEO Financial News

It is time that gives the long-term investor an advantage, says Utpal Sheth, CEO of Rare Enterprises— the Mumbai based private equity firm that manages assets of more than $1 billion. “I would say 80-90% of market participants are in it for less than a year. As an investor, if you have the conviction and courage to stick around for the long term, most of your competition automatically reduces." adds Sheth, noting that most people do not have the commitment for long-term investments.

Chances are that you did not account for the exact pattern of gains or losses, or the order in which your investment returns occur. This is what is referred to as ‘sequence of returns’ risk. It is the risk of negative returns occurring later in your working years and/or early in your retirement life. It particularly comes into play during the five years before and five years after retirement— the ‘fragile decade’. Investors in this phase of their lives are most vulnerable to sequence of returns risk. Why is this risk a killer? Let us see with an example. Suppose two investors, A and B, start their retirement years with the same corpus of Rs.1 crore. They avoid withdrawals for the initial 10 years. Two different market scenarios play out for A and B, where the returns are identical, except that they occur in reverse order. A’s portfolio witnesses higher returns in the initial years, but lower returns than B’s portfolio in later years. In both scenarios, the Rs.1 crore initial pot would fetch the same amount of Rs.1.75 crore at the end of 10 years, with the market averaging 7.3% return annually. Both are on an even footing, despite a contrasting pattern of market returns.

India as part of its supply chain diversification strategy. In an interview with Viswanath Pilla, Elie Chaillot, president & CEO of GE HealthCare International, called on India to simplify tax structure, give adequate reimbursement schemes and easy financing to spur expansion of the Indian healthcare market and attract more investments. Edited excerpts: What makes you hedge your bets on India, which is a smaller market for your products? We think of India as a market and this market is growing in double-digits every year; it's going to continue to grow. We also think of what India can offer in terms of qualified human resources, and competitiveness of 'Make in India'.

Last fortnight, Boeing’s airline customers sent two clear messages when they asked to meet with the planemaker’s directors without its chief executive officer David Calhoun. The first was that they had lost confidence in Calhoun and his deputies. No matter where you fall on the organization chart, it’s never a good sign when a client wants a tête-à-tête with your boss and doesn’t invite you along.

Maintaining that GPT-4 “kind of sucks", Open AI CEO Sam Altman said recently his company will release an “amazing new model" this year. This has sparked speculation that OpenAI may release GPT-5 sometime between June and August this year.

BJP has already won 10 seats of the 60-member assembly uncontested. Among those won are Chief Minister Pema Khandu, and two first-time candidates — Ratu Techi from Sagalee and Hage Appa of the Ziro-Hapoli seat. The BJP has fielded candidates in all the 50 seats that are going to the polls, while the opposition Congress is fighting in only 19 seats. The Meghalaya-based NPP has fielded candidates in 20 seats, the NCP is fighting 14 seats, the People's Party of Arunachal (PPA) is contesting 11 seats, the Arunachal Democratic Party has fielded candidates in four seats, while the Lok Janashakti Party (LJP) is fighting one seat.

₹85.34 crore in profits, against a small loss in the same period last year. In an exclusive interview with Mint, Dolf van den Brink, chairman of the executive board and CEO of Heineken, UBL's Dutch parent, said India escaped a major impact from geopolitical issues like raw material cost inflation because of its local sourcing. Van den Brink said the company plans to expand the Heineken brand further nationally.

Andhra Pradesh Chief Electoral Officer (CEO) Mukesh Kumar Meena said the Election Commission is striving to increase the polling percentage in about 20 urban Assembly constituencies where it is lower than the national average of 68 percent. Visakhapatnam, Nellore, Kurnool town, Rajamahendravaram, Vijayawada and others are some of the constituencies 'exhibiting urban apathy' towards exercising franchise. «Our (overall) per cent of polling is on the higher side at 79 per cent, but still there are certain urban areas where it is below the national average. We are now trying to increase the percentage in these places so that our overall voting percentage also goes up. We appeal to the people to vote,» said Meena in a PTI interview.

Stellantis Chief Executive Carlos Tavares in February made an intriguing announcement: The Chrysler-parent company would remain all-in on electric vehicles, even as competitors scale back and sales growth slows. “We’re going flat out," he told analysts on the company’s earnings call. The 65-year-old’s view on battery-powered vehicles is a drastic change from just a year ago, when he sounded the alarm on the high cost of EVs.

Morgan Rae Playle was 27 when she crossed the threshold into adulthood. She started texting with uppercase letters. Just like getting a driver’s license or going off to college, turning on auto-capitalization for text messages has become a milestone of adulting.

Telangana, all 24 liquor production points have been brought under CCTV surveillance to keep a check on the illegal flow of alcohol in the run-up to the May 13 Lok Sabha elections. Chief Electoral Office Vikas Raj said to prevent unwarranted liquor distribution during the elections, the state Excise Department is monitoring the sale of alcohol and will inform the Election Commission if there is a spike of more than 20 per cent in its production. The official said all the belt shops (unauthorised satellite shops) of liquor were shut down and the illegal network of distribution was stopped to a large extent. «For the first time in Telangana state, 24 production points (for liquor--distilleries and breweries) all of them were brought under CCTV.

asset tokenization, the event provided valuable insights into diverse investment opportunities. Here are the edited excerpts from the event, highlighting discussions on each investment product and insights shared by experts regarding opportunities beyond equities:

Spain’s privacy watchdog has ordered for Worldcoin, the company created by OpenAI CEO Sam Altman that scans eyeballs to make digital IDs in exchange for cryptocurrency, to cease its operations in the country for three months amid concerns over what it is doing with users' personal information.

Lok Sabha polls, Chief Electoral Officer, Satyabrata Sahoo announced here on Saturday. With the last date for withdrawal of candidature ending on Saturday, the CEO said 950 candidates, 874 men and 76 women, are in the fray. On the last date (March 30) for withdrawal of candidatures, 135 aspirants withdrew their nomination papers. On March 28, the day of scrutiny of nominations, a total of 1,085 nominations were found to be valid. Nagapattinam constituency in the Cauvery delta region has nine candidates, the least and Karur segment in western region, 54 candidates, the highest.

real estate demand is on an upcycle, and will continue for at least the next 12 to 18 months if not longer, with supportive interest rate regime, Dhruv Agarwala, Group CEO, Housing.com said. REA India, which owns Housing.com and other platforms, reported 44 million Australian dollars revenue for the first 6 months, 21% growth over the same period last year. “The fact that interest rates have remained stable also helping and I think the expectation is that it’s only gonna come down or unless something really out of the blue happens globally, I think towards the end of the year one can actually expect a rate cut,” said Agarwala.

Also Read: Aditya-L1 mission: India's solar mission to meet insertion point on January 6, says ISRO. All you need to know Speaking about the sector, Suyash Singh, Co-Founder & CEO, GalaxEye said that the access to capital at the growth level is still very difficult for the players. “Unlike the deep tech ecosystem at large, space tech has its own gestation period.

As Bitcoin nudges $69,935, market watchers are keen on its next move, with predictions hinting at a potential rebound above $70,000.

Carl Pei, CEO and co-founder of consumer electronics company Nothing, doesn’t believe in labels. “I don’t like people who say that they are an ‘entrepreneur’ or a ‘disruptor’. I think your work should speak for itself," he says.

Alaska Airlines 737 MAX 9 passengers may be 'crime victims': FBI Biden's remarks came during a high-dollar campaign fundraiser at Radio City Music Hall. Boeing is under fire following relentless episodes of callousness pertaining to the safety of the passengers. Earlier this year, a door of a Boeing 737 Max 9 plane operated by Alaska Airlines blew out midair.

AI-augmented web search is at our fingertips already The Information reported that Microsoft would likely finance the project, which is expected to be 100 times more costly than some of the biggest existing data centers, citing people involved in private conversations about the proposal. The proposed U.S.-based supercomputer would be the biggest in a series the companies are looking to build over the next six years, the report added. The Information attributed the tentative cost of $100 billion to a person who spoke to Altman about it and a person who has viewed some of Microsoft's initial cost estimates.

Zee Entertainment Enterprises (ZEE) has terminated 50% of its Technology & Innovation Centre (TIC) staff in Bengaluru to optimise costs and boost its operating margin, the company said in a statement. ZEE has also restructured the TIC and streamlined its scope of work following the board's guidance. The ZEE board had recently asked the management team to reduce TIC expenditure by 50% from ₹600 crore for FY25. Under the new structure, the TIC plans to enhance its content creation, distribution, and monetisation processes by utilising technology-driven tools to gain deeper consumer preferences.