CEO Financial News

Thornton co-founded Mayfair Capital Investment Management in 2002, which was acquired by the firm in 2016 and rebranded to Swiss Life Asset Managers UK in May 2023. He served as CEO from 2002 until 2021. The firm said a successor will be announced «in due course». Head of UK wealth Doug Abbott exits Schroders for Vanguard after 15 years Thornton said: «The time has come to seek other opportunities in the industry, and I would like to thank and acknowledge the tremendous support I have received from all my colleagues in the UK and in Zurich. „In Swiss Life Asset Managers, we foun...

(Reuters) — Boeing (NYSE:BA) Co CEO Dave Calhoun will step down by year-end, in a broad management shakeup brought on by the planemaker's sprawling safety crisis stemming from a January mid-air panel blowout on a 737 MAX plane.

(Updated — March 25, 2024 9:32 AM EDT)

Out of 136.4 million single holding demat accounts, around 99 million or 72.5% do not have any nomination details, a consultation paper by Securities and Exchange Board of India (Sebi) shows. In case of joint holding demat accounts, 37.2% do not have any nominations.

Marathon Digital Holdings CEO Fred Thiel warned that smaller miners will face financial strain following the Bitcoin halving event in April.

Nikhil Kamath, the co-founder of Zerodha, expressed his belief that Bengaluru possesses a significant amount of paper wealth, suggesting that the wealth in the city may be more superficial than tangible. He noted that individuals in Bengaluru often accumulate wealth through stock options and other paper assets, particularly those working in the tech industry. Bengaluru's primary wealth stems from tech companies He highlighted that the wealth in Bengaluru primarily stems from tech companies, leading to a facade of affluence without substantial expendable wealth. Kamath expressed, 'It's not real money. Bengaluru has the most paper wealth and very little expendable wealth. The paper rich from here made money in tech companies.' Reflecting on his early career, Kamath recounted his first job experience at a call center in Bengaluru where he earned ₹8,000 selling health insurance. He noted the contrast in feelings as his peers graduated and entered the workforce.

United Airlines says federal regulators are increasing their oversight of the carrier following a series of recent issues

Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the «best looking, easiest to drive and smartest car» priced below 500,000 yuan ($69,424), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start taking orders for the car, dubbed the SU7, with the SU short for Speed Ultra. CEO Lei Jun's comments, made on his official Weibo account, mark the first time the company has confirmed the upper end of its price range. Anticipation for the car has been building up since Xiaomi unveiled the vehicle in December and announced it aimed to become one of the world's top five automakers. Lei has touted it as having technology capable of delivering acceleration better than Tesla cars and Porsche's EVs.

Kalpen Parekh, MD & CEO, DSP Mutual Fund, says “we felt that prices are maybe a year ahead of what they should be and part correction has happened, let us say, in the last two-three weeks, but we do feel that even today when we look at our portfolios, we would be happy with some more consolidation either in terms of time or if there is some more price fall, our conviction to buy the same set of good companies with the next five-year horizon would go up significantly. But we would still say it is time to be cautious, time to be more diversified and time to be more asset allocated rather than chasing only one bucket.” You and your team are putting out some great data. In fact, it is just not garnering assets but also educating the ecosystem and learning which I really appreciate about your house. You called out on the froth in small and midcaps very early on. In fact, the buzz may have gotten louder in the last two weeks, but the melting of the indices started in the first or second week of February. Do you think the adjustment is done or not entirely?

Amitabh Kant, the former CEO of NITI Aayog, expressed sorrow over her untimely passing through an online post, recalling her vibrant spirit and academic pursuits. «Cheistha Kochar worked with me on the LIFE programme in NITI Aayog. She was in the Nudge unit and had gone to do her Ph.D in behavioural science at LSE. Passed away in a terrible traffic incident while cycling in London. She was bright, brilliant & brave and always full of life. Gone away too early. RIP,» Amitabh Kant said in a post on social media platform X. Cheistha's life came to an abrupt end as she was struck by a garbage truck while cycling, with her husband Prashant, a software engineer, only a short distance ahead. Prashant, upon hearing the collision, hurried back to find Cheistha critically injured. Despite the swift arrival of police and paramedics, Cheistha succumbed to her injuries at the scene. The involved lorry, suspected to be a waste collection vehicle, remained at the site, with the driver cooperating with the ongoing police investigation, reports said. As of now, no arrests have been made, and inquiries continue.

Harsh Jain and Haptik CEO Aakrit Vaish to chair its eight-member governing council in its inaugural elections starting from April 1 for a two-year term. Other members of the newly elected governing council include Vishal Gondal, cofounder and CEO of GOQii; Dhruvil Sanghvi, founder and CEO of LogiNext; Akanksha Hazari, founder and CEO of LoveLocal; Mayank Kumar, cofounder and MD of upGrad; Naiyya Saggi, cofounder of The Good Glamm Group; and Vivek Khemani, cofounder of Quantiphi.

Tesla CEO Elon Musk is well known for his patronage of Dogecoin (DOGE) and sending the crypto community into a tizzy with his tweets about the meme coin. In the past, his cryptic tweets about Dogecoin have helped the token make new gains. 

Bharat Biotech International Ltd on Sunday said it has started clinical trials of tuberculosis vaccine candidate MTBVAC in India. The only vaccine in use today--BCG (Bacillus Calmette and Guerin)--is an attenuated variant of the bovine TB pathogen. This is more than a hundred years old and has a limited effect on pulmonary tuberculosis, which is mostly responsible for the transmission of the disease. Studying the safety, immunogenicity and efficacy of MTBVAC in the most populated country in the world and the one with the highest number of cases of this infectious disease is key to continue advancing in this vaccine," the company said. The trials have been done in collaboration with Spanish biopharmaceuticals company Biofabri to evaluate the safety, immunogenicity and efficacy of MTBVAC in India. «MTBVAC is being developed for two purposes: as a more effective and potentially longer-lasting vaccine than BCG for new-borns, and for the prevention of TB disease in adults and adolescents, for whom there is currently no effective vaccine,» Bharat Biotech International said. MTBVAC, the Spanish tuberculosis vaccine, is the first live attenuated vaccine of mycobacterium tuberculosis isolated from a human.

Candidly, a provider of AI-enhanced student debt and savings optimization, has formed a strategic alliance with intellicents, a comprehensive financial services provider, aiming to alleviate the student loan burden for American workers.

Tim Cook said artificial intelligence is an essential tool for helping businesses reduce their carbon footprint, as he joined a climate change dialog Sunday at the China Development Forum. Cook took part in a discussion at the annual Beijing event as the culmination of a week of public displays of his company’s commitment to China. He earlier met Commerce Minister Wang Wentao and announced plans to invest further in Apple’s supply chain, stores and research in the country.

By Colleen Howe and Jing Xu

slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci. French group Kering SA saw $9 billion wiped off its market value after warning that sales of the Italian label’s products in China have slumped this quarter. The slowdown is also starting to show up in other corners of the luxury industry.

HOUSTON—Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle over plans to tackle climate change. This year, the dominant theme of the energy industry’s flagship conference was a new one: artificial intelligence. Tech companies roamed the hotel’s halls in search of utility executives and other power providers.

REA India, which owns Housing.com and PropTiger, is not actively looking for acquisition for further growth but the company is open to evaluate «interesting» opportunities that complement the business or help in securing new technologies, its CEO Dhruv Agarwala said. REA India, which is part of Australia-based REA Group, will focus on consolidating its both businesses — real estate classified platform Housing.com and residential brokerage portal PropTiger.com, he added. In an interview with PTI, Agarwala, who is also CEO of Housing.com and PropTiger, said there is no plan of acquisition in near future.

India has «incredibly affordable» airfares and the country's aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline's chief Vinay Dube. As Akasa Air prepares to take the international skies on March 28 with the first overseas flight from Mumbai to Doha, Dube also asserted that the airline is not about «marketing gimmicks». Akasa Air is aiming to be among the world's top 30 airlines by 2030 and will go public in future. «We think we have a great financial future. Listing is in our future… but you never say never. We hope to list some day,» he told PTI in an interview this week. While acknowledging that aviation competition has always been intense, he said that as long as the focus is on fundamentals, there is enough room not just for Akasa Air to thrive in the future but for others as well.

Vedanta Ltd will invest USD 6 billion across businesses that span from aluminium and zinc to iron ore, steel and oil and gas as it looks to add at least USD 2.5 billion to annual EBITDA, its executives said in an investor meeting. It has a pipeline of more than 50 active projects and expansions to drive growth, which is expected to generate incremental revenue of over USD 6 billion and boost EBITDA from an expected USD 5 billion in the current fiscal ending March 31 to USD 6 billion in the next and up to USD 7.5 billion by FY27, they added. Vedanta Chairman Anil Agarwal, according to a presentation made at the investor meeting, said the company «will get to a different level in the next 25 years». His brother and vice chairman Naveen Agarwal gave details of the plans.