CEO Financial News

NEW DELJHI : Consumer goods company Hindustan Unilever Ltd (HUL) that is facing resistance from distributors over the roll-out of a revised margin structure said there are “no adverse effects" of the move, which is designed to incentivize and offer them higher earning potential. Earlier this month, distributors asked the fast-moving consumer goods company to review the new margin structure, and threatened to halt the distribution of some of its key brands. Allaying concerns, Rohit Jawa, CEO and managing director, HUL, said the company has a long-standing and a mutually beneficial relationship with its distributors.

Billionaire businessman David Rubenstein argued at the World Economic Forum former President Trump has a clear shot at victory.

Tata Mumbai Marathon, which saw Ethiopian defending champions Hayle Lemi Berhanu and Aberash Mineswo winning in the men's and women's category respectively. The marathon, flagged off from Chhatrapati Shivaji Maharaj Terminus by chief minister Eknath Shinde, along with deputy CM Devendra Fadnavis, saw participation from Tata Sons chairman N Chandrasekaran, TCS CEO K Krithivasan, Indiabulls Housing Finance managing director Gagan Banga and Bollywood actress Kalki Koechlin, among others. «It is absolutely terrific to be back here at the Tata Mumbai Marathon. It is the 20th year.

Sony Group Corp is unlikely to extend the good faith negotiations with Zee Entertainment Enterprises Ltd. (ZEEL) — whose deadline was supposed to lapse on midnight of January 21, said people aware of the matter.

NARCL), has made a ₹270 crore offer for Pink City Expressway Private Limited (PCEPL), the company which was formed to build, operate and maintain the six-lane Gurugram-Kotputli-Jaipur section of the Delhi-Jaipur highway. PCEPL has ₹1,761 crore of outstanding loans and another ₹30 crore of bank guarantees, according to rating agency Care, which means lenders can recover about 15% of their claims from NARCL. The bad bank acquires loans by paying 15% of the amount in cash and the rest in security receipts (SRs), which are to be matched with recovery over time. These SRs are guaranteed by the government, valid for five years, to be invoked by banks in case of resolution or liquidation of the bad loan. «The PCEPL offer was finalised last week after NARCL completed all its financial and legal due diligence.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Elon Musk seeks increased voting control; BYD looks to dominate Indonesian market; and Vinfast finds light in missed target.

(Reuters) -SolarEdge Technologies said on Sunday that it would lay off about 16% of its global workforce as it tries to reduce operating costs.

Ram Temple consecration, unveiling new collections with temple-style motifs and imagery of Lord Ram. Senco Gold & Diamonds has launched its 'SiyaRam' collection, while Kalyan Jewellers introduced 'Nimah', a heritage jewellery line-up, company officials said.

Ayodhya. Several companies operating in consumer space have activated on-ground marketing campaigns by putting up large numbers of hoardings, gate branding, shopboards, and kiosks offering products to devotees, arriving in the holy city for the Ayodhya Ram Temple. The 'Pran Pratistha' ceremony commenced on 16 January and will continue till 22 January.

A U.S. company's failed moonshot has ended with a fiery plunge over the South Pacific

On the surface, the platform beneath a new generation of automobiles has little to do with politics and elections

Layoffs are hitting the world of retail especially hard this week

Classic Legends, which designs, manufactures and sells classic motorcycle brands — Jawa, Yezdi and BSA, is working on electric bikes and will introduce it in the Indian market when the charging infrastructure is ready, according to company CEO Ashish Singh Joshi. While the current charging infrastructure has the ability to support entry-level electric scooters or motorcycles with 50-100 km of range, for performance and intercity bikes it is not yet ready, he said. «We looked at electric at the start and we started developing our electric product.

Sundar Pichai hinting at more layoffs in a memo to employees, while Microsoft CEO Sundar Pichai was deeply impressed by the launch of its new Rabbit R1 AI assistant. Here's a round-up of the week's top tech news stories. Samsung unveiled its flagship Galaxy S24 series at the Galaxy Unpacked event on January 17.

At first glance, of course, the demon st r at ion of i nve stor confidence in a hitherto neglected investment pocket, which makes up nearly a sixth of the weighting on the Nifty, appears difficult to square with performance in the immediate past. Business growth has remained muted for most IT majors in the third quarter owing to multiple headwinds related to uncertainty in decision-making, deferred discretionary and technology spends, US recession concerns, and geopolitical tensions. Hence, the sentiment for Q4 is far from cheerful.

OpenAI CEO Sam Altman has been talking to a number of potential investors in a bid to raise billions of dollars to set up a chip-making company, according to a report by Bloomberg. The 38-year-old entrepreneur is said to be looking to set up a network of factories to manufacture semiconductors. Also Read | Sam Altman addresses ‘nervousness’ around Artificial Intelligence: ‘It's on us to…' Notably, building a state-of-the-art manufacturing facility would require tens of billions of dollars in funding, and creating a network of such facilities will take years, Bloomberg reported.

World Economic Forum meet. In all, about 60 heads of state and 800 CEOs were in attendance among a total of 2,800 participants, as they discussed wide-ranging issues — from climate change to economic slowdowns — at both formal and informal gatherings.

At first glance, of course, the demonstration of investor confidence in a hitherto neglected investment pocket, which makes up nearly a sixth of the weighting on the Nifty, appears difficult to square with performance in the immediate past. Business growth has remained muted for most IT majors in the third quarter owing to multiple headwinds related to uncertainty in decision-making, deferred discretionary and technology spends, US recession concerns, and geopolitical tensions.

middle class is its future.” That seems to be coming true, if not fully, at least partially. India’s growing middle class is set to be in the pilot’s seat, steering change in the way it travels.

Niraj Shah said Wayfair's aim is to maximize the company's free cash flow and potentially reduce its total share count. "We went overboard in hiring during a strong economic period and veered away from our core principles," Shah said in a note to employees. Boston-based Wayfair announced rounds of layoffs in 2022 and 2023.

₹3,005 crore, below Bloomberg analysts' expectations of ₹3,163 crore. The bank's net interest income, the difference between interest earned and interest expended, rose nearly 16% year-on-year to ₹6,553 crore. Provisions and contingencies increased to ₹579 crore at the end of December quarter from ₹149 crore a year ago.