CEO Financial News

An Amsterdam court has rejected Russia’s final argument in a years-long legal battle over a $50 billion arbitration award

Home Depot’s sales continued to weaken in its fiscal fourth quarter, as the country’s largest home improvement retailer deals with Americans who remain concerned about high mortgage rates and inflation

edtech have called for an extraordinary general meeting on Friday to oust its founder CEO Byju Raveendran and his family members over «mismanagement and failures» at what was once India's hottest tech startups, sources said. The shareholders, who have called the EGM, collectively hold more than 30 per cent stake in Byju's. Raveendran and family own about 26 per cent in the company.

London, United Kingdom - February 19, 2024 - Kana Labs, a trailblazer in Web3 and blockchain infrastructure solutions, is pleased to announce its partnership with Chainwith, a leading blockchain firm focused on revolutionising community-driven ecosystems through its innovative C2E protocol. The collaboration between the two firms is a major milestone, particularly within community-driven ecosystems.

By Jody Godoy

By Niket Nishant and Manya Saini

(Reuters) — Ukraine's state arms producer has entered into cooperation with Germany's MBDA Deutschland, part of a missiles joint venture owned by Airbus, BAE Systems (LON:BAES) and Leonardo.

(Reuters) — CenterPoint Energy (NYSE:CNP) said on Tuesday it would sell its natural gas assets in Louisiana and Mississippi for $1.2 billion to Bernhard Capital Partners, as the electricity and gas utility plans to focus on its regulated business.

Electric vehicle startup Vidyut on Tuesday said it has secured USD 10 million capital funding comprising equity and debt in Series A fundraising for expanding its bouquet of services. The Series A funding round was led by 3one4 Capital along with participation from new and existing investors such as Saison Capital, Zephyr Peacock, Force Ventures, Alteria Capital and CEO of Udaan Capital Sujeet Kumar, the company said in a statement. Vidyut said it will now offer EV insurance, lifecycle management, and EV resale, and it is also looking to expand its presence to 40 cities. The company said it aims to double the headcount by the end of next fiscal as it prepares to build a full-stack EV ecosystem and that it will utilise the fresh capital to scale its offerings to the EV ecosystem.

She joined the bank in 2002 holding several roles, including CEO of Barclays Bank Ireland in 2015 and group chief of staff in 2018. She was then promoted to group head of public policy and corporate responsibility in May 2020. Wiggins will succeed Jean Christophe Gerard, who was in the role since May 2023 to oversee the integration of the private bank and wealth management division. Prior to that, he was CEO of the private bank between June 2020 and April 2023. Ex-Barclays CEO James Staley fined and banned by FCA over ties to Jeffrey Epstein Her promotion is part of a division and ...

What to expect from the programme

UPI for Non-Resident Indians (NRIs). He highlights the ease of sending funds for critical and immediate needs like healthcare and education, even from thousands of miles away. Traditionally, NRIs have relied on various methods to send money back to India, each with its own set of complexities and limitations.

By Francois Murphy

ET had first reported on Tuesday about the senior-level exits at the e-commerce major. Travel booking website Cleartrip’s head Ayyappan R, marketplace and categories leader Amitesh Jha, fintech and payments head Dheeraj A, and growth and retention head Bharath Ram are exiting the firm, Krishnamurthy confirmed to employees.

Entrepreneurs and companies should comply with the rules and laws, irrespective of their size, scale and growth momentum, minister of state for electronics and technology Rajeev Chandrasekhar said on Monday. “I have seen entrepreneurs beginning to trespass because the momentum of entrepreneurship takes them beyond what the regulators have allowed them to do at that particular point in time… even if you are a hard-charging, successful, innovative entrepreneur, you cannot live in denial of the reality that there are rules and laws that have to be complied with, and that applies to big companies, small companies, startups, legacy,” he said at the Mumbai Tech Week.

NEW DELHI : Audio series platform Pocket FM will invest $40 million in its newly launched online reading service Pocket Novel to enhance its presence in the literary landscape and develop intellectual properties over the next year, said Rohan Nayak, co-founder and CEO, Pocket Novel. Similar to YouTube, Pocket Novel allows writers to upload novels and receive compensation in return. Though the focus currently is on novels in the Hindi language, the idea is to gradually expand to Tamil and Telugu, Nayak said in an interview.

Speaking to Bloomberg's UK Politics podcast, he said the BoE's credibility is under threat if it does not pivot on interest rates. Haldane, who was chief economist between 2014 and 2021 and is now CEO of the Royal Society of Arts, argued the UK is still «looking at best, at a year of anaemic growth», citing risks on the downside as well. UK enters technical recession as economy shrinks 0.3% in Q4 2023 He said there was a risk the BoE could worsen the UK's recession unless it started loosening its monetary policy, claiming that is where the «balance of risks lies». «For me, the c...

LONDON — Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender delivered its first major strategy update since 2016.

BitRiver, Russia’s biggest industrial crypto mining firm, has announced it is building a new 100MW data center in Eastern Siberia.

Kotak Mahindra Bank has elevated KVS Manian as Joint Managing Director (JMD) of the Bank replacing ex-JMD Dipak Gupta, and Shanti Ekambaram as Deputy Managing Director (DMD) from March 1. Meanwhile, there were reports suggesting that Manian could be one of the candidates for the MD & CEO post at Federal Bank, due to be vacated in September 2024.

Federal Bank shed 8 percent in intra-day deals on Tuesday as investors booked profit in the lender amid an overall weak market environment. Both Nifty Bank as well as Nifty also lost 0.2 percent in intra-day deals today. The stock fell as much as 7.9 percent to its intra-day low of ₹150.