CEO Financial News

Ikea as it continues to expand its footprint in the country. Despite a global downturn in the home furnishings sector, Ikea saw robust growth in India, with revenues surpassing 45 billion euros in FY24, demonstrating resilience amid subdued consumer demand. «Affordability is a key focus for us. In the last two years, Ikea India has lowered prices up to 16-39% in line with its global commitment and investment to pass on the benefit to the customers. This was a global move by Ikea to stay true to its affordability promise,'' Susanne Pulverer, CEO & chief sustainability officer, Ikea India told TOI in an interview. In FY24, Ikea substantially lowered prices across 63 markets to push sales in a shrinking home furnishing market. (Ikea financial year runs from Sept 1 to Aug 31). Of the 7,000 products sold at Ikea, nearly 1,000 are priced under Rs 200, ensuring that even those with tighter budgets can find something to purchase, she added. „We have nearly 300 million visitations (online and offline). And 30% business comes from online and it is also our fastest growing channel,'' she added

Subscribe to enjoy similar stories. Wouldn’t it be ironic if the 2025 Trump trade was an anti-Trump trade, buying stocks in the places President Trump targets? This year Canadian, Colombian, Mexican, European and Chinese technology stocks are all outpacing the S&P 500, the dollar is down and the Magnificent Seven big tech companies—five of whose CEOs stood behind the president at his inauguration—have stopped leading the U.S. market up and turned into laggards.

“Small and midcaps have been hit hard—Nifty Smallcap 100 is down 21%, valuations remain above long-term averages, and earnings disappointments have led to downgrades,” says Rajkumar Singhal, CEO, Quest Investment Advisors. In an interview with ETMarkets, Singhal said: “With earnings likely to recover in CY25, the pain in small and midcaps may ease. A selective bottom-up approach is key—focus on quality businesses with strong balance sheets and sustainable growth,” Edited excerpts: Thanks for taking the time. February was highly volatile amid trade war fears and FII selling. What are your views?

ChatGPT developer OpenAI said on Thursday it has released a research preview of its latest GPT-4.5 model for its Pro users and developers worldwide, with plans to expand access in the coming weeks.

Elon Musk, CEO of Tesla and SpaceX, may face off against Jon Stewart on The Daily Show following Stewart's vehement criticism of Musk's government budget cuts. There could be a historic TV showdown with a clash of Titans.

WPP expects its revenue and profit to be flat at best this year because of a weak Chinese market and uncertainty in the United States, it said on Thursday, as its shares hit a four-year low following disappointing results. For 2024, WPP reported a 1.0% fall in organic revenue, missing analysts forecasts of a 0.4% drop. Its shares fell 16%.

The change, which will take effect from 1 April, will see Drews tasked with overseeing the entire firm. Meanwhile, Kuniyuki Shudo will join as representative director and executive chair, succeeding Yutaka Nishida, who will resign from both roles on 1 April. Schroders names Oliver Gregson as wealth management CEO Nishida will stay on the firm's board of directors to allow for a smooth transition, before resigning from the board at the next general meeting in June. Shudo joins from Sumitomo Mitsui Trust bank, where he currently is an executive adviser. Prior to this, he held o...

SVR Srinivas, CEO of the Dharavi Redevelopment Project (DRP) under the Slum Rehabilitation Authority, government of Maharashtra.

Tata Sons and Infosys on Thursday visited Bengaluru-based space startup Pixxel and explored its work in hyperspectral imaging and its role in shaping the future of Earth observation.

In this article

Jennifer Garner’s love life is teetering on the edge of drama as her fiancé, John Miller, reportedly lays down a firm ultimatum—«Get rid of Ben Affleck, or I’m out!» With wedding plans set for this summer, the question arises: Is Miller feeling sidelined, or is Affleck still too deeply entrenched in Garner’s life?

Subscribe to enjoy similar stories. UltraTech Cement Ltd’s decision to enter the cables & wires (C&W) industry has caused jitters across stocks in the sector on fears of heightened competition. Shares of Polycab India Ltd, KEI Industries Ltd, Havells India Ltd, RR Kabel Ltd and Finolex Cables Ltd fell by 5% to 20% on Thursday.

Subscribe to enjoy similar stories. More than $600 billion in market value has evaporated in Tesla stock since mid-December. That decline has shaved some $140 billion of Elon Musk’s net worth.

U.S. chipmaker Nvidia's auto segment revenue more than doubled in the latest quarter to a record high on strong demand for driver-assist software.

FanTV, an AI-powered content platform on the Sui blockchain, has secured an additional $3 million in strategic investment. This new funding, backed by Mysten Labs, Cypher Capital, CoinSwitch Ventures and Illuminati Capital, will fuel FanTV’s mission to revolutionize digital content creation with AI-driven tools.

cryptocurrency developed by Pi Network, has recently transitioned to its open mainnet on February 20, 2025, enabling external transfers and exchange listings. This significant milestone has led to Pi Coin being listed on major crypto exchanges, including OKX, Bitget, and CoinDCX, facilitating increased accessibility for trading. The launch has generated substantial interest, with Pi Coin's price experiencing notable volatility. A surge of over 35% in the last 24 hours, bringing its total gains since launch to 326%, amid speculation about a potential Binance listing. But does this mark the beginning of a true crypto revolution, or is Pi Coin still a speculative asset?

Indian American entrepreneur recently courted controversy on social media by asserting that Indian employees have questionable work ethics. Entrepreneur Hari Raghavan recently came out in defense of the controversial AI startup Optify, which aims to monitor the activities of factory workers.

Subscribe to enjoy similar stories. The age of artificial intelligence (AI), heralded by the 2022 advent of ChatGPT, has given birth to a peculiar form of conventional wisdom. The reigning corporate orthodoxy insists that AI shall automate menial tasks, freeing the world’s brilliant and creative to do what they do best.