CEO Financial News

A Dubai sovereign wealth fund that’s the single-largest shareholder in the Nasdaq stock index plans to sell a third of its shares in the exchange

Microsoft has hired Mustafa Suleyman to head up its consumer artificial intelligence business, adding to its ranks an influential figure in the artificial intelligence world to cement its position at the forefront of the booming AI industry

McDonald’s CEO will become chairman of the company’s board later this spring, the company said Tuesday

By Stephen Nellis

BRUSSELS (Reuters) — Further consolidation of Europe's airlines was necessary to keep the industry competitive, the CEOs of British Airways owner IAG and Ryanair said on Wednesday, as the EU weighs a new deal.

Leo Capital, stated, “After the excesses of 2021 and 2022, it was inevitable that we had a funding winter. We are beginning to see more investments in 2024, but we believe it will still be a muted environment through 2024, perhaps comparable to pre-Covid years of 2018 and 2019." Two sectors are strong contenders: B2C eCommerceand SaaS.

Microsoft made a big move in artificial intelligence (AI) battle on Tuesday. The Satya Nadella-led company has roped in Mustafa Suleyman, cofounder of Google's DeepMind and Inflection AI, to lead its consumer AI business. Reporting directly to Nadella, Suleyman will be responsible for expanding a consumer AI business.

SHANGHAI (Reuters) -Apple CEO Tim Cook said he is currently visiting Shanghai, according to a post on his Weibo (NASDAQ:WB) account on Wednesday.

Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk's X social network Monday

Zomato has now decided to do away with the "colour segregation" to differentiate the option from its regular red. In a post on the social media site X (formerly known as Twitter), CEO Deepinder Goyal gave an update on the startup's "pure veg fleet".

Paul Reilly, who replaced Tom James as CEO of Raymond James Financial Inc. in 2009, is stepping down sometime next year and will be replaced by the firm’s current chief financial officer, Paul Shoukry. Shoukry, a 14-year veteran of the firm, will become president of the firm effective immediately.

Fintech Flourish is capturing a bigger share of Focus Financial Partners’ tech stack as it unveils a new partnership.

By David Shepardson

By Katherine Masters and Abigail Summerville

MUMBAI: Sterling and Wilson, an engineering, procurement and construction company of the Shapoorji Pallonji Group, will raise ₹700 crore from a group of strategic investors through a stake sale in its data centre business, senior company officials said. «The modalities of stake sale are still under discussion, but the strategic investors (more than one) have agreed to bring in ₹700 crore into Sterling and Wilson,» Prasanna Sarambale, CEO of data centre business at Sterling and Wilson (SWPL), told ET. For this purpose, the company will hive off the data centre business — created in 2015 — as a separate entity, he said. The company will use the proceeds from stake sale to pare overall group debt as well as towards growth capital, Sarambale said.

Investing.com — Nasdaq fell in afterhours trading Tuesday after its second-largest shareholder Borse Dubai said it would sell about 27 million shares in the bourse operator to boost liquidity. 

By David Shepardson

India is at the top of the chart for global investors, said HSBC India CEO Hitendra Dave. The absence of global banks in Indian retail lending and the soaring wealth effect of the Indian middle class have provided a springboard for HSBC India to become the vital lever of growth for the British bank, Dave said in an interview with Bhaskar Dutta and MC Govardhana Rangan. Edited excerpts: Among global banks, with Citi exiting retail, you are alone in the competitive retail space. What is it that you are seeing that others don't? My sense is that there is place for only one international bank to have the ambitions and market-share aspirations of a local bank while continuing to operate as an international bank — be it governance, structure, product, technology, and servicing. What distinguishes us is just the totality of all these things — the aspirations of a local, private bank but operations like an international bank. It is very important to have the emotional connection of a domestic bank. I can't judge myself, but I think we are that international bank. When you talk to large customers, if you ask them which is that one international bank which is ticking these boxes? I hope most people will say HSBC.

influencer marketing agency YKONE has bought a controlling stake in Indian content and influencer marketing agency Barcode Entertainment to foray into the Indian market, top executives of both firms told ET. YKONE has bought a 70% stake in the Mumbai-based Barcode for an estimated valuation of $18-20 million. The two companies refused to confirm the value of the transaction, which is one of the biggest in the fledgling influencer marketing industry, pegged at ₹1,200 crore. YKONE has paid cash to acquire the 70% stake and intends to buy out the remaining 30% stake through an equity swap. Rahul Khanna, CEO of Barcode, will become a board member of YKONE.

₹4,039. Tata Sons planned to sell the shares in block deals to raise over a billion dollars, Mint reported on Monday.

Zomato announced the launch of a 'Pure Veg Mode' along with a 'Pure Veg Fleet' for pure vegetarian customers, the Telangana Gig and Platform Workers Union (TGPWU) asked Zomato's co-founder and CEO Deepinder Goyal if the firm 'will now also filter out delivery workers who are vegetarian only to service this fleet'. TGPWU's founder-president Shaik Salauddin asked Deepinder Goyal if Zomato in the future also take customer feedback about who can deliver their food and who cannot.