CEO Financial News

Nikki Haley in the presidential primary after her latest defeat in South Carolina. The group, Americans for Prosperity Action, had spent tens of millions of dollars trying to elevate Haley and prevent the renomination of Donald Trump, but it had already slowed its spending in the GOP race dramatically after Haley fell short in the New Hampshire primary last month. The organization made its decision official Sunday.

The February 24 meeting between Indian business tycoon Gautam Adani and Uber's CEO Dara Khosrowshahi hosted a part of discussions for a strategic partnership between the two majors for rolling out the Adani group's electric passenger vehicles on the ride hailing platform. The collaboration aims to increase the conglomerate's super app Adani One's traction. Adani One, launched in 2022, provides a range of services, including booking flights, vacation packages, airport services, and may further help with taxi bookings with Uber integration.

Dara Khosrowshahi. In an interview with the Economic Times, the executive shared insights into the company's investment strategy in India, its focus on mobility, profitability, the electric vehicles (EV) business, and differences in his management style compared to Uber's founder Travis Kalanick. Reflecting on the founder vs.

(Reuters) -Goldman Sachs and Abu Dhabi's sovereign wealth fund Mubadala have struck a $1 billion deal, signing a seperately managed account in which the companies will co-invest in private credit in the Asia Pacific, the companies said on Monday.

Investing.com-- Shares of Chinese electric vehicle maker BYD Co Ltd (SZ:002594) rose on Monday after its Chairman and CEO Wang Chuanfu proposed the firm double the size of a planned share buyback. 

By Joanna Plucinska

Khosrowshahi at the Davos, he did not think that the CEO will stay at Uber for long, or that the company would survive for long. Taking to the microblogging website, X (formerly Twitter), the Mahindra Group Chairman said that Uber today is profitable with a market capital of $170 billion and has a disciplined corporate culture. He wrote: “I first met @dkhos in Davos shortly after he had taken the helm at @Uber.

Investing.com-- Alcoa Corp (NYSE:AA) said on late-Sunday it made a $2.2 billion, all stock offer to take over Australian aluminum producer Alumina Ltd (ASX:AWC) and potentially create one of the world’s largest bauxite and alumina producers.

(Reuters) — AT&T (NYSE:T) will credit customers a full day of service for the carrier's more than 10-hour outage on Thursday that affected more than 70,000 users, saying it was the «right thing to do.»

consumer expenditure survey indicates that poverty has come down to five per cent in the country and people are becoming prosperous both in rural and urban areas, NITI Aayog CEO B V R Subrahmanyam said on Sunday. The National Sample Survey Office (NSSO), under the Ministry of Statistics and Programme Implementation, released data on household consumption expenditure for the year 2022-23 on Saturday which shows per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12. «This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been,» Subrahmanyam told reporters. «The survey findings indicate that poverty in India is below five per cent now. I am convinced with the data,» he said.

When Disney’s efforts to build a theme park in China became snarled in the late 2000s, Chief Executive Bob Iger sent his parks chief to Shanghai to figure out why government officials weren’t returning calls. Jay Rasulo recalls meeting with a high-ranking Communist Party official on the trip who urged him not to give up. “Jay, keep knocking at the gate," the official said.

Electric-vehicle startups once said their greatest challenge was building cars fast enough; now selling them is proving difficult. Rivian Automotive and Lucid Group last week offered disappointing production outlooks for this year, saying EV demand is being hit by high interest rates and economic uncertainty. The electric-pickup maker Rivian plans to produce 57,000 vehicles this year, roughly the same number as last year.

Electric-vehicle startups once said their greatest challenge was building cars fast enough; now selling them is proving difficult. Rivian Automotive and Lucid Group last week offered disappointing production outlooks for this year, saying EV demand is being hit by high interest rates and economic uncertainty. The electric-pickup maker Rivian plans to produce 57,000 vehicles this year, roughly the same number as last year.

Tamil Nadu Chief Minister M K Stalin on Sunday laid the foundation stone for the electric vehicle car and battery manufacturing facility of VinFast Auto Ltd, which has earmarked investments of Rs 16,000 crore for the state, just 50 days after signing an MoU with the Vietnam-based EV maker. The memorandum of understanding with the Government of Tamil Nadu for the plant was signed during the Global Investors Meet held by the DMK government in January. The quick turnaround time from signing to the MoU to laying the foundation stone — 50 days — is an example of Tamil Nadu's industry-friendly climate and showcases the government's commitment to quick clearance of approvals. «In just 50 days since the MoU (was signed) Thoothukudi welcomes VinFast's first EV plant — a monumental stride for the Dravidian Model Economy,» Stalin said. «With Rs 16,000 crore investments and 10,000 plus jobs on the horizon, we are charging ahead into a future where opportunity and innovation meet,» he said in a release.

Anand Mahindra recently met Uber CEO Dara Khosrowshahi during the latter's visit to India. Mahindra shared his thoughts on their meeting on X (formerly Twitter), recalling their initial encounter at Davos a few years ago. At that time, Mahindra said he had harbored doubts about Khosrowshahi's tenure at Uber and the company's longevity. Reflecting on their conversation, Mahindra stated, «I must confess that I wondered how long he would stay at the company & indeed, how long Uber would survive.» However, Mahindra acknowledged the significant transformation that Khosrowshahi has led within Uber since then. He commended Khosrowshahi for steering the company towards profitability and cultivating a corporate culture focused on discipline and efficiency. Mahindra noted that Uber's market capitalization has soared to around $170 billion, illustrating the success of Khosrowshahi's leadership. Mahindra expressed his pleasure at reconnecting with Khosrowshahi, whom he described as having the «Midas Touch.» In response to Mahindra's post, Khosrowshahi expressed his appreciation for the opportunity to meet Mahindra again. He praised Mahindra's leadership style, emphasizing the importance of values and purpose in driving success. Khosrowshahi attributed the accomplishments to the entire team at Uber, highlighting their collective effort in achieving milestones.

₹510 crore via initial public offerings (IPO). The shares of EaseMyTrip is currently trading at ₹47.85 on NSE. Also read: Gloves on: Not taking allegations lying down, remain CEO, says Byju Raveendran Rikant Pittie, co-founder of EaseMyTrip, in a recent interview with Mint's Vaamanaa Sethi shared insights about his overall entrepreneurial journey and also talked about the challenges the company faced in the initial days.

BENGALURU : Artificial intelligence and generative AI, or GenAI, will inevitably disrupt existing roles, but that will also mean the emergence of new roles. McKinsey & Co.’s research, in fact, predicts that tech jobs will grow by 14% across all industries by 2032. For CEOs and other senior corporate leaders, that would mean thinking about the future of work with technology as a core element of everything they do, says Jacky Wright, McKinsey’s first-ever chief technology and platform officer.

wedding of Anant Ambani and Radhika Merchant, the Ambani family has embarked on a remarkable initiative, unveiling 14 newly constructed temples nestled within a vast temple complex in Jamnagar, Gujarat. These temples stand as a testament to India's rich cultural and spiritual heritage, offering a serene backdrop for the forthcoming celebrations.

Jaideep Hansraj, CEO of Kotak Securities says investors should continue investing through SIP as timing the market is a challenging task. In an interview with Mint, he says investors need to be stock-specific or bottom-up, as the top-down approach may fail.

Vice Media's CEO has said in a memo to staff members that the troubled company plans to lay off several hundred employees

Officials with Massachusetts and Vineyard Wind say the wind farm under construction off the state’s coast has begun delivering energy to the power grid from five of its planned 62 wind turbines