CEO Financial News

The Dubai-based budget carrier FlyDubai has seen record earnings of $572 million in 2023, boosted by carrying the most passengers ever across its network

Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence have met for a brainstorming session while the market’s early leader reported another quarter of eye-popping growth

India is renewing its push to add rooftop solar to meet the needs of a fast-growing nation that's hungry for energy

The Retirement Planning Group has acquired 100% of the assets of Dightman Capital Group Inc., an RIA based in Overland Park, Kansas.

AlTi Tiedemann Global’s campaign to boost its presence in the ultra-high-net-worth wealth space has just received a substantial shot in the arm.

Wealth technology consultancy Ezra Group has hired the co-founder and former CEO of Nitrogen to further establish its position as a leading firm in the wealthtech space.

By David Shepardson

Investing.com — Nvidia (NASDAQ:NVDA) stock surged after the AI chipmaker reported earnings after the close Wednesday that topped analyst consensus. The question for investors and analysts now is whether the stock can hit $1,000 per share as the AI momentum continues.

Pioneer Natural Resources (NYSE:PXD) reported fourth-quarter earnings and revenue that fell short of Wall Street expectations. The Dallas-based energy company disclosed a quarterly EPS of $5.26, which was $0.12 below the consensus of $5.38. Revenue for the quarter was also lower than expected, coming in at $5.22 billion against the consensus estimate of $5.28 billion.

Mint. They didn’t want to be identified. Gaurav Munjal, co-founder and chief executive officer (CEO) of Unacademy, doesn’t agree with this assessment.

(Reuters) -Newmont Corp, the world's largest gold miner, beat fourth-quarter profit estimates on Thursday and said it will divest six non-core assets.

At a Treasury Committee hearing yesterday (21 February), a trio of economists were quizzed on the role of OBR forecasts ahead of Chancellor Jeremy Hunt's Spring Budget on 6 March. Charlie Bean, professor at the London School of Economics, who has also served as chief economist and deputy governor for monetary policy at the Bank of England and as a budget responsibility committee member at the OBR, said it would be «desirable» to operate the fiscal regime in a way that was less reliant on the OBR forecasts. Nina Skero, CEO of the Centre for Economic and Business Research, agreed, notin...

An initial list of high-value speakers and industry-leading sponsors have been announced for Hong Kong Web3 Festival 2024, set for April 6-9 at the iconic Hong Kong Convention and Exhibition Center (HKCEC) with over 9,000㎡.

By Richa Naidu and Dominique Vidalon

venture fund, backed by integrated incubator and accelerator for startups Venture Catalysts and NeoVon, is looking to raise Rs 400 crore in the first phase of a total Rs 800 crore proptech sectoral fund aimed at enabling major investments in over 30 Indian startups. The maiden fund is set to invest in early and growth stage companies with ticket sizes ranging from Rs 2-8 crore in early stages and Rs 15-40 crore in growth stage series A and B rounds.

By Arsheeya Bajwa and Max A. Cherney

Byju Raveendran, the founder and CEO of Byju's, the Economic Times reported citing sources. The move is aimed at preventing Raveendran from leaving the country, and the central agency approached BOI earlier this month for the issuance of a fresh LOC. It comes as the agency's Bengaluru office is currently investigating alleged Foreign Exchange Management Act (FEMA) violations against the start-up and its founder, the report said.

Employees' Provident Fund, life insurance premiums, tuition fees, home loan principal repayments, etc., as these qualify for deductions of up to ₹1.5 lakh under Section 80C. Income tax allows exemption and deduction of certain investments made during the year. As the financial year 2023-24 is about to end, individual taxpayers need to make investments before March to claim the benefit in the Income Tax Return (ITR).

Belagavi South assembly constituency, that houses hundreds of industrial units. Shridhar Uppin, Founder & CEO of engineering company Positron, was routinely supervising the operations at his factory, which produces heat exchangers. Despite the shop floor operations going on smoothly, Upin was concerned. He slowly opened up enough to share his worries. “My next generation is not inclined towards managing the company’s operations. They are happy with their regular 9-5 salaried job. I am now thinking of passing on the baton to the most deserving candidate on the shop floor,” said Uppin, 51, a first-generation entrepreneur. However, this was not the only concern. A bigger worry is the infrastructure-related issues plaguing Belagavi’s industrial area. “The city has grown exponentially in the past 10-15 years in terms of industries, but the kind of infrastructure that is required is still missing. Notably, Belagavi is among the top three cities in Karnataka in generating revenue and providing employment. We sometimes feel the city gets a step-motherly treatment from the state government,” said Uppin, the deepening creases on his forehead indicating the extent of his worries.

Anant Ambani and Radhika Merchant as pre-wedding festivities will take place in Jamnagar, Gujarat from March 1 to March 3. The functions are expected to take place in a traditional yet grand way.

ED) has asked the Bureau of Immigration (BOI) to issue a look out circular (LOC) against Byju Raveendran, founder and CEO of the eponymous, embattled edtech company Byju's, people with knowledge of the matter told ET. The central agency approached BOI earlier this month to issue a fresh LOC to ensure that Raveendran does not leave the country. An LOC 'on intimation' has already been issued against Raveendran. It was opened more than one and a half years ago at the request of the ED's Kochi office. However, the investigation was later transferred to the Bengaluru office of the agency. The LOC 'on intimation' results in immigration authorities informing a probe agency about the individual going overseas but the person is not stopped from leaving the country.