CEO Financial News

Godrej Properties, the real estate development business of Godrej Group, has emerged as the highest bidder for a 6.46 acre land in Noida’s sector 44. The land parcel will offer 1.4 million square feet of development potential and an estimated revenue potential of Rs 3,000 crore comprising premium residential apartments of varied configurations. This will be the sixth project of Godrej Properties in Noida. “We have witnessed strong demand for our existing projects in Noida and this project will further strengthen our development portfolio in NCR (National Capital Region). This fits well with our strategy of deepening our presence in key micro markets across India's leading cities,” said Gaurav Pandey, MD & CEO, Godrej Properties.

travel company Yatra Online has brought on board Gaurav Luthra as chief business officer — new business development, said a statement issued today. He will be responsible for building and further enhancing Yatra’s mid-market and SME corporate travel proposition and developing new products such as visa facilitation and car rentals for business travellers, thereby delivering financial growth for the company. He has previously worked as managing director of FCM Travel.

Former senior executives of Twitter are suing Elon Musk and X Corp., saying they are entitled to a total of more than $128 million in unpaid severance payments

Florida Gov. Ron DeSantis has a new job for the longtime supporter who has led Walt Disney World’s government since his allies took it over

Tata Motors, at its meeting on March 4, approved the proposal of demerger of the company into two separate listed companies, which will house the Commercial Vehicles business and its related investments in one entity and the Passenger Vehicles businesses including PV, EV, JLR and its related investments in another entity. Read here: Tata Motors business divisions come to a fork in the road “The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of Tata Motors shall continue to have identical shareholding in both the listed entities," the auto major said in a release. According to UBS, Tata Motors’ demerger simplifies the structure, but it does not see any unlocking of material value.

Google over the company's Gemini AI chatbot's response to a question on whether it is valid to misgender Caitlyn Jenner to prevent a nuclear apocalypse. While taking a swipe at Google, Musk said that Gemini AI's insanity was staggering and explained that AI reflects the mistakes of its creators. Also Read | Former Twitter CEO Parag Agrawal, 3 other employees are suing Elon Musk for $128 million.

Karthik Sankaran, CEO of Hubali-based startup incubator Deshpande Startups. The startup ecosystem has a great future but the success rate seen in the agriculture space has been comparatively lower, he says. Sankaran, a semiconductor technologist, laments that India doesn’t have a single unicorn in the agriculture space. During an interaction with ET, Sankaran explains how Deshpande Startups aims to enable startups that solve problems for semi-urban and rural India. Edited excerpts: The Economic Times (ET): How is it to head a startup incubator that mainly aims to help companies which focus on rural areas?

Axis Mutual Fund on Monday launched a debt scheme with a target to collect at least Rs 100 crore during the primary subscription period. The open-ended target maturity index fund will invest in the constituents of the Crisil SDL index, maturing in June 2034. The scheme opened on Monday and closes on March 12, the fund house said in a statement, adding they have set an internal target of collecting at least Rs 100 crore during the primary subscription period. The scheme will be managed by Hardik Shah and does not have any exit load. The passive fund has a relatively high interest rate risk and relatively low credit risk.

Twitter are suing Elon Musk and X Corp., saying they are entitled to a total of more than USD 128 million in unpaid severance payments. Twitter's former CEO Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Counsel Vijaya Gadde and General Counsel Sean Edgett claim in the lawsuit filed Monday that they were fired without a reason on the day in 2022 that Musk completed his acquisition of Twitter, which he later rebranded X. Because he didn't want to pay their severance, the executives say Musk «made up fake cause and appointed employees of his various companies to uphold his decision.»

A handful of senior executives from across the Ontario Securities Commission have left or are on their way out on the heels of a five-year extension of the term of chief executive Grant Vingoe.

By David Shepardson and Aatreyee Dasgupta

(Reuters) — Walt Disney (NYSE:DIS) investor Blackwells Capital said the lack of a strong content and technology strategy as well as governance and transparency issues were hampering the entertainment giant's performance, as it attempts to get board seats at the company.

(Reuters) -Walgreens Boots Alliance does not plan to sell specialty pharmacy unit Shields Health Solutions at the time, the company CEO said at a conference on Monday.

₹1,930 crore in Ananya Birla’s Svatantra Microfin. They said this will be the largest private-equity investment in the sector in India. Mint had reported on the development in February, noting that the Mumbai-based microfinance institution (MFI) would use the funds to expand and consolidate its growth.

(Reuters) — New York Community Bancorp (NYSE:NYCB) shares were on track for a bounce back on Monday following a drubbing in the previous session after the lender replaced its CEO and flagged «material weaknesses» in internal controls related to a loan review.

By Jeffrey Dastin

Mujhe Bengaluru se Mumbai ka return ticket chahiye (I need a return ticket from Bengaluru to Mumbai)." The bot, which can understand both text and voice inputs, responded by asking for my mobile number, following which it provided me with a one-time password (OTP), asked for my name, travel dates, gender, and coach requirements. It almost lured me into buying a ticket. I figured out that Ask Disha, which can answer questions in English, Hindi and Gujarati, is a next generation bot, one that uses generative artificial intelligence (GenAI).

Onramp Invest, the turnkey asset management platform dedicated to providing blockchain-based investments for RIAs, is giving advisors a new opening to invest in the world of cryptocurrencies.

Tata Motors, on Monday, said that the board of directors has approved the proposal of demerger of Tata Motors Ltd into two separate listed companies housing. One entity will encompass the Commercial Vehicles business along with its associated investments, while the other will include the Passenger Vehicles businesses, comprising PV, EV, JLR, and their associated investments. This demerger will be executed through an NCLT scheme of arrangement.

A South Korean committee responsible for personal information matters is probing Worldcoin for collecting and processing sensitive information.

Renewable energy player BluPine Energy on Monday said it has completed the acquisition of 369 MW solar power assets from Acme Group. The 369 megawatts of solar capacity power assets are spread across Uttarakhand, Punjab, and Karnataka and augment its total renewable capacity to 2.4 gigawatts, BluPine Energy said in a statement. Neerav Nanavaty, CEO of BluPine Energy, said, «The renewable energy sector in India continues to witness remarkable growth. We have high-quality solar assets in our portfolio, further solidifying our commitment to driving positive change in India's energy sector.»