CEO Financial News

Sebi) on Friday notified the regulations to govern small and medium real estate investment trusts (SM-REITs) of income generating and completed properties that may include commercial assets, rental housing, warehousing, and hotels among others. The introduction of regulations is set to enhance investor trust, broadening the embrace of the growing asset category. This effort is expected to offer vital backing to real estate developers, creating an extra opportunity to capitalize on assets and inject essential liquidity into the industry.

Zee Entertainment Enterprises MD & CEO Punit Goenka has taken the first step to streamline the organisation by implementing strategic changes in the revenue vertical of the broadcast business. Under this new structure, Goenka will be directly working with the revenue teams. Ashish Sehgal, the company’s chief growth officer for ad revenue, will report directly to Goenka after Rahul Johri resigned as revenue and monetisation vertical head. In line with the new lateral structure being implemented, Sehgal will now work closely with Goenka to maximise value for the advertisers. All other reportees of Johri will report to the office of Goenka. “I also look forward to working closely with Ashish and team, with an aim to drive higher growth in the advertisement revenue segment as the linear business landscape unlocks more growth opportunities,” Goenka said in a statement.

Sini Shetty was bested by Miss Lebanon who made it till top 4. Sini Shetty, a 22 year old Bharatnatyam dancer represented India in the beauty pageant. She was born and raised in Mumbai.

A group of investors who sought to sue cryptocurrency exchange  Binance , its former CEO Changpeng Zhao, and other executives have been given a fresh chance to pursue their case. 

₹50 crore by issuing units to a minimum of 200 investors. These funds are to be used for acquiring and managing real estate assets, generating income for the investors. The ownership of these assets will be structured through one or more schemes, each operating under special purpose vehicles (SPVs).

Elon Musk, the CEO of Tesla and owner of X (formerly Twitter), has experienced a significant decrease in his wealth this year. According to the Bloomberg Billionaire's Index, Musk's fortune has plummeted by almost 40 billion dollars since the beginning of 2024, bringing his net worth to $189 billion. This decline has pushed him down to the third spot on the list of the world's richest individuals, behind Bernard Arnault of Louis Vuitton and Jeff Bezos of Amazon. Bezos briefly overtook Musk but was later replaced by Arnault. The primary reason for Musk's financial setback is attributed to the decline in Tesla's share price, which has dropped by nearly 29% this year. Additionally, a Delaware court rejected a $55 billion compensation package for Musk, further contributing to his wealth reduction.

OpenAI CEO Sam Altman will return to the board of the company which is behind popular artificial intelligence (AI) chatbot ChatGPT. The development comes after a boardroom drama that saw Altman being fired in November last year. Altman will join the board with three new directors – Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation; Nicole Seligman, former president of Sony Entertainment; and Fidji Simo, CEO of Instacart.

CNBC-TV18. According to Shahani's LinkedIn profile, Ranjit Shahani is a mechanical engineer from the Indian Institute of Technology, Kanpur, and an MBA holder from the Jamnalal Bajaj Institute of Management Studies in Mumbai, served as the Managing Director and Vice Chairman at Novartis India Ltd. from 2001 to 2018.

Bitcoin price today: After hovering above the $68,300 threshold, the Bitcoin price finally tested the $70,000 level and touched a new peak of the $70,136 mark in the last 24 hours. However, the virtual currency price didn't sustain long at higher levels and retraced from this peak profit-booking soon trigger. The Bitcoin price today is $68,245.48, a change of 1.80 percent over the past 24 hours as of 8:00 AM.

Sam Altman will return to the board of OpenAI, the company said on Friday, just months after a boardroom dustup that saw him fired and rehired by the company behind ChatGPT. Altman was also found to have been wrongly fired in an internal investigation that was launched in the days after his chaotic dismissal last year, the company said.

China’s hacking industry, leaked internal documents reveal, is vast in size and scope but also suffers from shady business practices, disgruntlement over pay and work quality, and poor security protocols

Elon Musk took over the platform. The others were former U.S. Treasury Secretary Larry Summers and Quora CEO Adam D’Angelo, the only member of the previous board to stay on.

The market for RIA firms hasn’t cooled so far in the first quarter of 2024, but acquisition prices aren’t yet overheated, says Bob Oros, chairman and CEO of Hightower Advisors.

(Reuters) — New York Community Bancorp (NYSE:NYCB) said on Friday incoming CEO Joseph Otting will receive an annual base salary of $1.25 million and as of March 6 received a one-time option to acquire 15 million shares of the company's common stock.

By Anna Tong and Shivansh Tiwary

By Akash Sriram

COPENHAGEN (Reuters) — Novo Nordisk (NYSE:NVO)'s CEO on Friday said compounded semaglutide in the United States is a serious health issue.

Rivian Automotive (NASDAQ:RIVN) founder and chief executive RJ Scaringe tweeted Friday that the company has received a significant number of reservations for its R2 model.

Adani Group is going to make big investments in the defence sector in the next 10 years in line with the government's push for achieving self-reliance in defence manufacturing, a top executive of the company said. Ashish Rajvanshi, the CEO of Adani Defence and Aerospace, said the company is complementing the government's efforts towards 'Make in India', noting that «everyone will have to work together» to realise the desired goal. «We are going to make big investments in the defence sector in the next 10 years,» he said at NDTV's 'Defence Summit' on Thursday. Rajvanshi, however, did not elaborate on the investments.

The top executives at three of Canada’s biggest banks took home less than their target pay last year, according to new filings.

Orion is bolstering its leadership in the wealth technology space with a new strategic partnership with CAIS, an alternative investment platform, to offer broader alts access to its wealth advisory and OCIO clients.