CEO Financial News

JPMorgan Chase CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest U.S. lender has sold shares since taking charge in 2005. The bank has a market capitalization of more than $527 billion, according to LSEG data.

American Land Title Association CEO Diane Tomb discusses her outlook for housing costs, commercial real estate fears and strategy on mortgage rates. 

By Jonathan Stempel

Procurement of services through government buying portal GeM touched Rs 1.82 lakh crore as of February 22, an official statement said on Friday. It was Rs 8,500 crore in 2020-21, the commerce ministry said. It added that two bids placed by South Eastern Coalfield Limited, a subsidiary of Coal India Limited, worth nearly Rs 40,000 crore, have catapulted the share of service procurement this month. GeM CEO P K Singh said that the GeM has harnessed digital capabilities and has emerged as a one-stop-shop for procurement of all possible services that may be required by Government buyers at various levels of administration.

recruitment professionals, who joined recruitment teams of startups at astronomical hikes to drive the post-pandemic hiring frenzy, are now struggling to find jobs for themselves. Many of these talent acquisition folks are now finding themselves priced out of the market as opportunities dry up and several find themselves without jobs, some for months on end, industry insiders said.

Byju's investors unanimously vote to oust founders, revamp board "As the founders did not participate in the meeting, the quorum was never legitimately established, rendering the resolutions null and void," Byju's said. The edtech company further added, “These resolutions were voted upon without the valid constitution of a quorum, as stipulated in Byju’s Articles of Association.

Greater Noida and Greater Noida West may get connected to the RRTS high-speed rail network in the Delhi-Meerut route if proposals of NCRTC (National Capital Region Transport Corporation) gets through. The NCRTC has reportedly proposed three potential routest for RRTS or Regional Rapid Transit System to connect the Greater Noida and Greater Noida West regions. A decision on the proposals is expected in a week, as per a report of the Indian Express.

CALGARY — Oilsands giant Suncor Energy Inc., which has been heavily criticized in recent years for an abnormally high number of workplace deaths at its sites, reported that 2023 was its best year ever in terms of worker safety.

Succession planning is emerging as a key theme for Canada’s biggest lenders this year, particularly at Toronto-Dominion Bank, according to a new report from Jefferies Financial Group Inc. analysts.

Intuitive Machines Inc (NASDAQ:LUNR) said Friday it has successfully landed its Odysseus cargo lander on the Moon, marking the first time a commercial company has accomplished such a feat. LUNR stock surged 50% on the news.

₹1,794 crore) for this over the next decade. Once complete, the distillery in the industrial suburb of Butibori in Nagpur will be one of the largest in India, capable of producing up to 60,000 litres of malt spirit a day. “For us, it's really the moment to reinforce that India is one of the key strategic markets for Pernod Ricard.

Sona Comstar ( Sona BLW Precision Forgings) shares jumped nearly 6% to Rs 648 in Friday intraday trade on BSE after the auto component maker received certification under the auto Production Linked Incentive (PLI) scheme. The company had filed seven applications for different products under the PLI scheme, and it has received the certification for its first product, a hub wheel drive motor for electric two-wheelers, Sona Comstar said in a regulatory filing.

BERLIN (Reuters) — Shares in Germany's Lufthansa were trading 3.6% lower at 0833 GMT on Friday, as shareholders reacted to the airline's announcement that it would shed two thirds of its board by the middle of the year.

manufacturing sector needs to contribute a quarter to India's economic growth amid its ambition of becoming a USD 30-trillion economy by 2030 and a developed country (Viksit Bharat), M&M group Managing Director and CEO Anish Shah said on Friday. Sharing his perspective on the role industries and enterprises will have to play in accelerating national growth and economic prosperity at the third ABP Network's 'Ideas of India Summit 3.0' here, he also said over the next seven years, Indian GDP is expected to add as much to the global GDP as the entire European Union combined. The two-day event, which began here on Friday, has seen the participation of policymakers, cultural ambassadors, industry experts, celebrities, business leaders, economists, among others. «India envisions to be a 30-trillion economy by 2047 to be a Viksit Bharat. This means manufacturing should be 25 per cent of GDP… We should be more ambitious and make manufacturing grow 16 times and exports grow 11 times.» Shah said.

Floor & Decor Holdings (NYSE:FND) reported better-than-expected FQ4 earnings and revenue, sending its shares rising 3% in after-hours trading.

robotics company. Wierod, the head of ABB's electrification business, will replace Rosengren, effective Aug. 1, the Zurich-based company said.

discussion with Mint, co-founder and CEO Aravind Srinivas claimed it had $5-10 million in revenues. The paid Pro plan offers features such as Copilot, an interactive research assistant; unlimited file uploads; access to the latest AI models like GPT-4 and Claude 2.1; and an API (application programming interface) for developers to build upon Perplexity's foundation. Despite its small size and modest revenue when compared to giants like Google or OpenAI, Perplexity's agility allows it to explore what is currently a niche market.

The Reserve Bank of India (RBI) gives the highest importance to the security controls around the digital payment systems in India. There is a lot of emphasis on the safety and security of digital transactions for their users. “In an era of digital transformation, RBI has taken significant strides to ensure the sanctity and safety of digital payments. By implementing specific OTPs for new payees, individual OTPs for high-value transactions, and limited OTP time windows, their measures, including the use of advanced encryption and authentication technologies, second channel notifications, and risk-based transaction monitoring, underscore a commitment to fostering a secure, reliable, and resilient digital payments ecosystem," said Kunal Varma, CEO and Co-Founder, Freo.

artificial intelligence (AI) models and enhancing services such as Google Search, as per an AP report. As part of the agreement, Reddit gains access to Google AI models to enhance its internal site search and other features, it added. Reddit did not respond to queries.

Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares higher.

Investors in edtech firm Byju’s parent Think & Learn Pvt. Ltd who have called today’s extraordinary general meeting (EGM) have raised concerns over the management's failure to enforce the company’s rights related to the acquisition of Aakash Educational Services Ltd (AESL), besides agreeing to “onerous” and “prejudicial” loan terms with Davidson Kempner (DK), among other matters. They have demanded the ouster of founder Byju Raveendran and his family from leadership roles in the edtech firm, accused the company of keeping stakeholders in the dark, asked for details regarding investigations by federal agencies and want to know the terms being offered to any new investors.