CEO Financial News

Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated traders around the world

Until recently, OpenAI wouldn’t allow its models to be used for activity that had “high risk of physical harm, including weapons development, military and warfare." Now it has removed the words ‘military’ and ‘warfare’. Is this a routine update, or should we be worried? Until recently, OpenAI had explicitly banned the use of its models for weapons development and military and warfare.

India should look at how it can sell electric two-wheelers to the world, even as it develops a market for battery electric vehicles locally, Niranjan Gupta, chief executive officer of Hero MotoCorp, the country’s largest two-wheeler maker, said on Tuesday. The company will introduce three electric two-wheelers in the mass market in FY25 to strengthen its portfolio, Gupta said on the sidelines of an event to unveil 'Hero Mavrick', the first Hero-badged premium motorcycle that has been developed with American motorcycle maker Harley Davidson. Gupta said one of the upcoming electric scooters will target customers in the B2B segment, while the other two will be positioned in the mid and entry segments for buyers in the mass market. “Over the next 12 months, we will launch a mid-price scooter and an economically priced scooter. So the Vida range will be aspirational, accessible and affordable,” he said. Sales of electric two-wheelers in India increased by 36% to 859,000 units in CY2023.

(Reuters) — United Airlines CEO Scott Kirby (NYSE:KEX) said in a CNBC interview on Tuesday the company was going to build a fleet plan that does not include Boeing (NYSE:BA)'s 737 MAX 10 jets, citing delivery delays.

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Lok Sabha election date. The Chief Electoral Officer of Delhi in a post on social media platform X has said that the letter dated 19th January 2024 to District Election Officers, which went viral, had indicated that 16th April as a tentative poll date «purely for the purpose of advance planning, preparations and completion of activities related to ensuing General Election to Lok Sabha 2024.» The date of April 16, 2024, is mentioned in the letter only for reference purpose for the election officials to «plan activities as per Election Planner of Election Commission of India and has no bearing on the actual schedule of election which shall be announced by Election Commission of India at an appropriate time,» the Chief Electoral Officer of Delhi further said.

FAME scheme in promoting widespread EV adoption. Sreyas acknowledged the government's dedication to the cause but pointed out a notable disparity in GST rates between EVs sold with fixed batteries (taxed at 5%) and lithium-ion batteries used for swapping (taxed at 18% when sold separately). Anticipating the budget, Sreyas expressed hope for GST parity for EV batteries used in swapping, aligning them with the 5% bracket to fortify the EV landscape.

₹1,328 crore in funding. The investment was led by existing investors, including notable names such as Norwest Venture Partners, TPG Growth, and Baring Private Equity India, alongside contributions from select new investors. New investors in this venture comprise Duro Capital, Axis Alternatives, Ananta Capital, and Mirae Asset Venture Investments (India).

Brian Kahn is stepping down as chief executive of Franchise Group Inc., just months after a leveraged buyout aided by B. Riley Financial Inc., as regulators look into his ties to the collapse of a hedge fund.

₹2,365.50, experiencing a nearly 4% decline on the BSE during Tuesday's intraday trade, accompanied by substantial trading volumes. Over the last two trading days, the fast-moving consumer goods (FMCG) company's stock has witnessed a 7% downturn following its disappointing performance in the December quarter (Q3FY24), attributed to sluggish demand.

JAIPUR : With an aim to accelerate its electrification journey, Hero MotoCorp plans to bring three new electric two-wheelers in the next one year, company CEO Niranjan Gupta said on Tuesday. The company, which unveiled its new performance bike MAVERICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment. "In FY25, we will launch electric scooters in the mid-price segment and in the economy segment to extend our Vida range," Gupta said in an interaction on the sidelines of the Hero World 2024 event here.

The project will bring together innovators, investors, and subject matter experts from across the wealth management value chain to explore how families can best use technology to manage rapidly expanding portfolios of tokenised and digital assets.It is estimated that $1 trillion in assets will be transferred to the next generation in the Middle East over the coming decade. However, only 24% of High-Net-Worth Individuals have a full estate plan in place.

The founders of Wise, Skype and Songkick have raised 400 million euros ($436.4 million) for a new fund to back technology startups in Europe. It seeks to compete with established funds like Atomico, Balderton Capital and Creandum with its founder-led focus.

Logitech International's new CEO on Tuesday said the company would work to return to growth as it forecast annual sales would decline less than previously anticipated and reported third-quarter revenue that beat expectations. The maker of computer mice, keyboards, and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses about how to equip their offices as they move to hybrid working.

French healthcare company Sanofi has agreed to buy the drug development project INBRX-101 from its parent company Inhibrx Inc for around $2.2 billion in a bid to boost its rare disease business. The two companies said in a joint statement on Tuesday that Inhibrx shareholders will get $30 per share in cash, one contingent value right (CVR) equal to $5, and 0.25 shares in New Inhibrx, a new publicly traded company that holds the takeover target's assets that are not related to INBRX-101.

Himanshu Bajaj as managing director and country co-leader, alongside managing director Vikram Utamsingh. A company statement said Bajaj’s joining advances A&M India’s strategic capabilities and talent expansion, and helps further opportunities for clients to capitalise on the market’s continued projected growth. Bajaj, who has more than two decades of consulting and business experience, has worked in several industries at the strategic and operational level. He has led multiple engagements including operational transformations and end-to-end value enhancements, along with sales and marketing optimisation strategies, such as go-to-market and trade efficiency improvements. He advises clients across verticals on driving large-scale business transformations through accelerating business growth and enhancing profitability. “Himanshu’s appointment demonstrates the firm’s continued commitment to investing in people, achieving scale and positioning for growth in support of clients in India and around the world,” said A&M CEO Bryan Marsal.

retirement planning, combining flexibility, security, and personalisation for individuals and groups alike. Prashant Tripathy, Managing Director & CEO of Max Life, said, “With considerable demographic changes on the horizon, getting financially ready for retirement is becoming crucial for a vast majority of India’s workforce.

interim budget 2024 that is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1. “The budget's emphasis on research and development offers us an exceptional chance to innovate.

permanent membership of the United Nations Security Council (UNSC). In a post on X (formerly Twitter), the Tesla CEO wrote, “India not having a permanent seat on the Security Council, despite being the most populous country on Earth, is absurd." “At some point, there needs to be a revision of the UN bodies.

The head of Russia’s biggest crypto mining firm says that Bitcoin (BTC) mining is more profitable in his country than in the United States – and that halving will only heighten the discrepancy.

By Lewis Jackson