CEO Financial News

Former CKE Restaurants CEO Andy Puzder explains the importance of addressing the U.S. debt and the impact of wages on restaurant affordability.

Unilever CEO Hein Schumacher said billionaire activist and board member Nelson Peltz is «fully behind» a recently devised strategy to re-invigorate the company, even as some other investors remain sceptical after years of industry underperformance. Schumacher told Reuters he wants Unilever, whose brands include Dove soap, Hellmann's condiments and Ben & Jerry's ice cream, to chart a «systematic» marketing strategy for its top brands.

By Giulio Piovaccari and Nick Carey

Satya Nadella told ET during his annual visit to the country last week. In an interview, the 56-year-old chairman and CEO of Microsoft Corporation called AI the new factor of productivity and said it will aid India's goal of being a $5-trillion economy. Edited excerpts: Congratulations on completing ten years at Microsoft. You're being talked about as the 'GOAT' of tech CEOs, the greatest of all time. Your success is partly due to the fact that you placed the right things at the heart of Microsoft 10 years ago, in terms of mobile, cloud, and so on. So, what is going to be Microsoft's paradigm ten years from now?

DesignCafe is in the process of merging with its bigger rival HomeLane in a stock-swap deal, multiple people aware of the development told ET. The deal will value DesignCafe at about Rs 500 crore, or about $60 million, and HomeLane at $360 million, or about 3,000 crore, one of the sources said.

Zomato last week indicated restaurant additions on its platform as a significant contributor to the 27% year-on-year growth in the gross order value (GOV) at its food-delivery business, considering that the company is witnessing a broader slowdown in discretionary spending. A look at Zomato's total number of food-delivery restaurant partners over the last eight quarters shows that the Gurugram-based company has stepped up onboarding of new restaurants on the platform.

Satya Nadella, chairman and chief executive officer of Microsoft Corporation. Emphasising the role of artificial intelligence in driving increased productivity, the Hyderabad-born technocrat said it gives him “tremendous optimism” that it (AI) will further accelerate India’s growth as it races towards its goal of becoming a developed nation by 2047. “At the end of the day, what's the difference between being a developed country and a developing country? It’s just the rate of growth over long periods of time,” 56-year old Nadella told ET in an interview, last week. He cited the example of the digital public goods, which when “scaffolded or daisy-chained with a large language model” can create several innovative solutions for various sectors of the economy.

(Reuters) — German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to resign, SAP said on Sunday. Ala-Pietila, a former president of Nokia (HE:NOKIA) Corporation who sat on SAP's supervisory board from 2002 to 2021, will stand for election at the next general meeting, the company said in a statement.

By Jody Godoy

MILAN (Reuters) -The founding family of Italian luxury shoemaker Tod's is trying to take the company private for the second time in less then two years, this time with the help of L Catterton, a private equity firm backed by France's LVMH.

Reliance General Insurance Company Ltd made a Rs 118 crore provision in the quarter ending December 2023 to provide a one-time incentive to the senior officials of the company, a move opposed by the administrator of parent Reliance Capital, said people with knowledge of the matter. Reliance Capital is undergoing corporate insolvency, and Reliance General Insurance is its wholly-owned subsidiary and one of the biggest attractions for buyers among the 20 financial companies under its ambit. Lenders have unanimously voted for the Rs 9660 crore resolution plan given by Hinduja group's holding company IndusInd International Holdings Ltd, and this is pending approval from the National Company Law Tribunal (NCLT).

The FTX Debtors estate, under the leadership of CEO John Ray III, has initiated the process of selling Digital Custody Inc. (DCI) to CoinList.

A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles has threatened to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military

Legislation underpinning a plan to relocate the NBA’s Washington Wizards and NHL’s Washington Capitals across the Potomac River to northern Virginia has easily cleared an early hurdle in the state legislature

This rise in activity is also leading to a spurt in hiring. But what kind of employment is this unlocking, specially at senior levels?

California on Friday, authorities said. Six people were on board the helicopter when it crashed around 10 p.m.

artificial intelligence and becomes a beacon for the world amid a tough geopolitical scenario, a panel consisting of Bill Winters, chief executive officer, Standard Chartered Bank, Ravi Kumar S, CEO, Cognizant, Jenny Johnson, president and CEO, Franklin Templeton and Rizwan Sajan, founder and chairman of Danube Group said Friday. Speaking at a panel discussion on ‘Fissures, Faultlines and Future – In Search of an Equilibrium’, they observed that the next few decades were India’s to take the lead as the economic driver of the world.

Elon Musk's brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk's $55.8 billion pay package as CEO of Tesla. Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Thursday, according to state records. Delaware records also list the company's legal home as Nevada.

KABC-TV reported the helicopter took off from Palm Springs Airport around 8:45 p.m. and was en route to Boulder City, Nevada.

young workers prioritise work-life-balance over being a chief executive, said Tapan Singhel, chief executive, Bajaj Allianz General Insurance at the summit on Saturday during a panel discussion on «Power Shifts to Profits: The Age of Meritocracy». «Being a CEO is not their (young people's) life anymore,» he added, and there has been a generational transition from the concept of "work is worship" towards work-life balance. He mentioned Infosys co-founder Narayana Murthy's comments on working 70 hours a week, while pointing out that developed countries like Germany are experimenting with a four-day work week. «Most young workers consider work life balance important, » Singhel said.

Franklin Templeton's top boss Jenny Johnson can't wait for the India opportunity to unfold where she believes the mutual fund industry has tremendous scope for growth and credits her fund management company for spotting the country's vast potential 27 years ago when it became the first foreign fund manager to start operations. «Only 5% of the population has mutual funds. So, we are incredibly excited about how the future is going to be,» said Johnson, chief executive officer of the $1.4 trillion global investment management giant. Johnson, who has lived in India briefly during her long career with Franklin Templeton, said she had really seen the country grow over the past 27 years. «There was a saying India grows at night while the government sleeps. I would laugh at that because I always believed there is huge potential in the economy. 56% of the population is under 25. You have a British-oriented legal system,» she said. Citing how remarkably things have changed, she said the country, which earlier faced headwinds because the government was blamed for slowing things down, now has a tailwind.