CEO Financial News

The first private U.S. spacecraft to land on the moon broke a leg at touchdown before falling over

In its preliminary results for the year ended 31 December 2023 published today (29 February), the group said the 2024 buybacks will likely happen via a direct acquisition from the Blackstone/Thomson Reuters consortium. Total income for the financial year increased to £8bn from £7.4bn last year, yet operating profit and profit before tax took a slight dip over the 12-month period. In a statement, LSEG CEO David Schwimmer said there is an «encouraging IPO pipeline for the London Stock Exchange», after last year's biggest listing, CAB Payments, thoroughly disappointed months after going ...

ChatGPT-maker OpenAI is looking to fuse its artificial intelligence systems into the bodies of humanoid robots as part of a new deal with robotics startup Figure

Multinational beer and beverage company Anheuser-Busch InBev, maker of Budweiser, Bud Light, Stella Artois and Corona, has reported a 7% increase in operating profit for last year, even as as sales sagged in the United States due to a decline in demand...

Budweiser brewer Anheuser-Busch has reached a contract agreement with the Teamsters union that avoids a strike at its U.S. plants

Bill Gates' recent encounter with a popular Indian tea vendor, Dolly Chaiwala, has taken the internet by storm. This surprising meeting has sparked both amusement and online jokes, particularly at the expense of Founder & CEO of "MBA Chaiwala" group Prafull Billore. Gates, while visiting India, stopped at Dolly Chaiwala's stall in Nagpur, a city known for its unique tea culture. The visit, documented on Gates' Instagram, showed him enjoying a cup prepared by Chaiwala himself. This unexpected interaction between a global tech icon and a local vendor quickly went viral, generating a wave of hilarious online reactions.

Six years after it launched in the U.S. before expanding across the globe, Webull is about to take a big step in its journey.

NPST on Thursday announced that it has secured a contract for an Online Dispute Resolution (ODR) solution from DCB Bank. Private sector lender DCB Bank will implement NPST's ODR to streamline customer complaint addressal, enhance efficiency and rationalise operational and compliance costs, the company said in a release. NPSI focuses on UPI payments and digital banking solutions. It functions as a Technology Service Provider (TSP) and a Third-Party Aggregator Provider (TPAP), it said. «NPST's Online Dispute Resolution solution aligns with DCB Bank's customer-centric ethos, ensuring safe and secure payments while fostering loyalty-building interactions and driving productivity and cost savings,» Deepak Chand Thakur, Co-founder and CEO of NPST, said.

(Reuters) -Background screening services provider First Advantage will buy rival Sterling Check in a $2.2 billion cash-and-stock deal, the companies said on Thursday, seeking to navigate slowing demand due to the turbulent global economy.

International Game Technology said on Thursday it was separating its Global Gaming and PlayDigital businesses and combining them with gaming machine maker Everi Holdings in a deal valued at $6.2 billion, including debt. The deal follows a review of the two units and will leave IGT a pure-play global lottery business by separating its offerings such as land-based gaming, iGaming, sports-betting and fintech. The lottery business made up more than half of its overall revenue in the third quarter.

By Svea Herbst-Bayliss

In the firm's results for the year ended 31 December 2023 published today (29 February), it posted £2.33bn net operating revenue — down from £2.36bn in 2022 — and £661m in operating profit, a decrease from £723m a year prior. Hargreaves Lansdown adds Schroder Income fund to Wealth Shortlist At the same time, net new business significantly increased over the year, to £9.7bn from -£1.6bn at the end of 2022, and assets under management continued increasing from £737.5bn as of 31 December 2022 to £750.6bn at the end of 2023 — a 2% rise. Group CEO Peter Harrison commended the company's ...

NPS is a long-term retirement-focused investment vehicle designed to provide a regular income stream after retirement. Mutual funds serve various financial goals, including wealth creation, retirement, and tax planning depending on the objective of the scheme selected. Options are available for short to long-term investment horizons.

Hockey India CEO Elena Norman has recently filed an affidavit in the Delhi High Court and said, the Inquiry Report on alleged irregularities in Hockey India made various general, vague and omnibus allegations against her, which apart from being over and beyond the mandate of the Inquiry Officer, are also entirely bereft of evidence. The affidavit stated that the Inquiry Report failed to notice that the CEO was never a member of the Finance and Audit Committee or the Tender Purchase Committee. It was also submitted that the various general, vague and omnibus allegations against the Deponent/Elena Norman in the Inquiry Report are entirely sans evidence and made in ignorance of the various sub- Committee Rules of Hockey India (apart from being in violation of principles of natural justice), and thus deserve to eschewed and expunged by this Court.

small-cap mutual funds. The Nifty SmallCap 100 index has already given more than 70% return in 1 year, and we have seen the valuation of some stocks grow to 3-4 times in 1 year only. Now small-cap valuation has come at a dangerously high level," said Ravi Singhal, CEO, of GCL Broking Market regulator Sebi has directed mutual funds to conduct internal stress tests focusing on small-cap stocks.

Notwithstanding the UPI’s success story that has earned commendation in India and overseas with volume of transactions surging at a frantic pace, the unanticipated crackdown on Paytm Payments Bank has caught everyone by surprise.    

₹70,000 crore) media behemoth with more than 100 linear TV channels, two large streaming services – Disney+Hotstar and JioCinema – and a massive content library. As part of the deal, Disney will transfer all its India assets and employees — except its 30% stake in direct-to-home (DTH) company Tata Play, its consumer products business, and VFX studio Industrial Light & Magic (ILM) — to its wholly owned subsidiary Star India. Viacom18, a Reliance-controlled entity in which Paramount (earlier ViacomCBS) has a minority stake of around 13%, will merge with Star India to form a ₹58,852 crore (pre-money) joint venture.

Investing.com-- The Securities and Exchange Commission (SEC) is investigating whether OpenAI investors were misled in the wake of the AI firm’s recent leadership overhaul, the Wall Street Journal reported on Thursday citing people familiar with the matter.

BEIJING — Companies from Nvidia to Huawei are chasing the market for in-vehicle tech as the electric car industry booms, with Ecarx emerging as a new contender.

U.S. spacecraft to land on the moon broke a leg at touchdown before falling over, and had just a few hours of power left before its anticipated premature shutdown Wednesday night. Intuitive Machines, the company that built the lander, released new photos Wednesday, six days after the landing, that showed at least one broken leg on the six-legged spacecraft. The lander came in too fast, skidded and tumbled over as it touched down near the moon's south pole last Thursday, hampering communications and power. It was supposed to operate for at least a week. CEO Steve Altemus said the lander, named Odysseus, was still generating solar power even though it was on its side. Later Wednesday, he said, flight controllers would «tuck Odie in for the cold night of the moon» so in three weeks, once lunar night lifts, they can try to regain contact.

By Isla Binnie, Andres Gonzalez and Ron Bousso