CEO Financial News

Apple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone’s sales in China

A German court says former Volkswagen CEO Martin Winterkorn will go on trial in September on charges of fraud and market manipulation linked to the automaker’s diesel emissions scandal

A U.S. restaurant chain that only serves breakfast, brunch and lunch is keeping its original recipe for success as it evolves in response to changing work patterns

The United States' largest St. Patrick's Day parades are unfolding

Mukul Agrawal portfolio: Gensol Engineering share price today witnessed strong buying interest during morning deals. The energy stock came under the radar of Dalal Street bulls after it announced the completion of a 160 MW solar project worth ₹128 crore in Bhavnagar, Gujarat for Continuum Green Energy.

Ashish Bhandari, MD & CEO, Thermax Group, says “by 2030, almost two-thirds of Thermax would be growing businesses that are very small today as part of the larger Thermax portfolio. We expect to drive almost every one of these newer areas that we are getting into and they are not necessarily, there are solutions around; even cooling, For almost everybody that I speak with, including people that are looking to add capacities in India, the domestic consumption story is a big part and perhaps a bigger part of the dialogue.” Given that we are at perhaps the brink of the manufacturing renaissance in India, what role do you see the Thermax Group playing in the next three to five years? Ashish Bhandari: Thermax is a company that has been part of India's energy spectrum for more than 50 years. As we look at the future, we see our role very clearly as one that balances energy availability with energy sustainability. So, energy transition-related technologies, not just green but how do you make the existing carbon footprint greener, more efficient and better.

Rashtriya Swayamsevak Sangh (RSS) has defended Prime Minister Narendra Modi-led Union government over the now-scrapped electoral bond scheme calling it an 'experiment.' Hosabale, 69, was re-elected as the Sarkaryavah, or General Secretary, of the RSS after the meeting of Sangh's highest decision-making body Akhil Bharatiya Pratinidhi Sabha (ABPS) in Nagpur on Sunday. “We have not thought much about this issue. In the meetings, too, we have not discussed it because electoral bonds are an experiment.

Digital management of flexi benefits eliminates the need to carry paper-based vouchers or go through the hassle of manual reporting of expenses, Avinash Godkhindi, MD and CEO of Zaggle Preapaid Ocean Services tells ET Wealth. How far does the salary structure determine the tax outgo of an individual? The salary structure plays a critical role in determining the tax liability of an individual. Many tax deductions and exemptions are not available under the new tax regime.

It is a paradox that though companies are forever trying to cut costs, many avoid taking steps that can enhance the income of their employees without adding to the wage bill. If companies restructure their compensation packages by replacing taxable emoluments with some tax-free perks, they can lower the tax liability of their employees. “The salary structure plays a critical role in determining the tax liability of an individual. Many tax deductions and exemptions are not available under the new tax regime, but certain tax-free allowances can be availed of even under the new regime,” says Avinash Godkhindi, Managing Director and CEO of Zaggle Prepaid Ocean Services. There are several such tax-exempt allowances, including food coupons and reimbursement of expenses on fuel and travel, newspapers and periodicals, phone and Internet (see graphic). The taxable portions of the salary, such as the special allowance, can be reduced to make place for the tax-exempt allowance. Taxpayers who pay a low rent can consider reducing the house rent allowance (HRA) as well. The HRA exemption is linked to the basic pay and is the least of the following three options: the actual HRA received, 50% of basic pay (40% in non-metros), and actual rent paid minus 10% of basic pay. If you pay a high rent and can claim exemption, keep it high, but if the rent is low, replace it with some other allowance. Taxpayers who live in their own houses and don’t pay rent can also reduce the HRA.

India, ranked as the world’s fifth-largest economy, is primed for significant progress driven by a robust government framework, a stable macroeconomy, substantial investments in infrastructure, and a foreign policy prioritising national interests, said Romal Shetty, CEO of Deloitte-South Asia. The government and corporates have jointly set standards of excellence, he said.

ET Awards has always been ‘Work Hard, Play Hard, At the Same Time.’ That was on full display after the award ceremony at the Taj Mahal Palace in Mumbai when some 40 special guests joined host Samir Jain and foreign minister S Jaishankar, also ET Reformer of the Year, in some serious power chitchat over haute cuisine and ‘hauteur’ company.

(Reuters) — Payments processor Shift4 Payments' Chief Executive Officer Jared Isaacman said bids from potential contenders have failed to «sufficiently value» the company, Bloomberg News reported on Sunday.

elephants are nothing short of royalty at the Ambani animal rescue centre in Jamnagar, Gujarat. At the Radhe Krishna Temple Elephant Welfare Trust, which is spread over a sprawling 600 acres, more than 200 elephants rule the roost! Recently, the animal rehabilitation centre Vantara shared a glimpse of the delicious menu fed to the gentle giants every day, on Instagram. “Did you know that elephants can eat up to 130 kg of food every day? Our kitchen facility at RKTEWT makes sure that these gentle giants receive the best nutrition throughout the day. Our expert staff creates meals that meet the unique dietary needs of each elephant in our care while ensuring the highest standards of hygiene and safety....because when it comes to animal welfare, every detail matters..” read the post. Sharing the daily diet of an elephant named Leelawati, Vantara revealed that she consumed hearty meals such as one Ragi Laddu, 10 kg Khichadi, a roti, and 1 kg pellets for breakfast, green fodder, and Alfaalfa for a mid-morning snack. Lunch consists of plenty of leaves and branches 2 kg of fruit and 3 kg of vegetables. For dinner, she is served 10 kg of sorghum (fodder).

Infosys, Wipro, as well as well-known start-ups, has been hit by a crippling water outage that has left taps dry across parts of the city just weeks ahead of general elections. The water crisis in Bengaluru presents a daunting challenge exacerbated by rapid urbanisation and population growth, and it is impacting households as also the IT and tech hubs' operations, say city residents who are facing stringent water restrictions. Local residents and industry blame the severe water shortage on rapid urbanisation without proper planning, unequal and improper distribution, poor water management and negligence by local authorities.

Urban Company on Sunday announced a partnership with quick-commerce app Blinkit to delivery its recently launched water purifiers, Native M1 and M2, to customers. Urban Company said its water purifiers will be delivered within 30 minutes via Blinkit and subsequently be installed in three hours. The quick-commerce firm began delivering on Sunday in parts of Delhi NCR, Mumbai, Bengaluru, Kolkata and Hyderabad.

Pidilite Industries Limited, where he served as President - Sales & Marketing for the Middle East and Africa regions. In addition to the CEO appointment, Dr.

Zomato has received a goods and services tax (GST) penalty notice from Gujarat's Deputy Commissioner of State Tax, ‘an order for FY2018-19 pursuant to the audit of GST returns and accounts’. According to a regulatory filing to the stock exchanges, the demand order has been received in respect of excess availment of input tax credit and short payment of GST.

chargeMOD', has announced its expansion plans and said it will deploy 1,200 more EV chargers across India and 600 more in Kerala. The company, in an announcement made earlier this week, said it was planning to set up an additional 1,000 slow chargers and 200 fast chargers across various states in India and to establish an additional 500 slow chargers and 100 fast chargers in Kerala. It said this was excluding the existing 1,500 charging stations in Kerala and 2,000 stations across India. 'chargeMOD' is set to introduce Ultra Fast Chargers with capacities ranging from 120 kW to 340 kW, further enhancing charging speeds and convenience for EV users across the country, the company said in a release.

Stock market vs gold price vs Bitcoin price: After climbing to a new lifetime high, shar selling was witnessed across sectors in the Indian stock market. However, to the surprise of the investors, gold price and Bitcoin prices too witnessed selling pressure in the week gone by. According to experts, the Indian stock market witnessed selling pressure due to the 'shar test' being suggested by the mutual funds' body AMFI to the AMCs after the market regulator SEBI raised concern over the froth building up in the small and mid-cap stocks.

Earlier this year, Binance quietly split from its venture capital division, Binance Labs, and established as an independent entity now valued at $10 billion. This change in operation became effective on March 15 under Binance’s newly appointed Chief Executive Officer, Richard Teng, who assumed the role four months ago.