CEO Financial News

is it time for investors to turn cautious? Here's what experts say. Pranav Haridasan, MD and CEO at Axis Securities, noted that the IT sector has led the Nifty rally this month because of decent results backed by cheaper valuations. However, the recent upswing warrants a certain degree of caution as, many times, such sharp rallies do not sustain.

Ripple CEO Brad Garlinghouse has revealed that the company explored IPO options outside the United States, attributing this decision to a challenging relationship with the U.S. Securities and Exchange Commission (SEC).

overturn the results of the 2020 presidential election, the leaders of most of America’s biggest corporations were only too happy to see the back of him. They wore their moral outrage like a badge of honour. Sure, they had conveniently put aside their earlier scruples about Mr Trump’s suitability for the White House, bought off by generous corporate and personal tax cuts in 2017.

Accenture, Tata Consultancy Services (TCS) and Infosys continued to boost their brand value despite tepid growth environment and the disruption owing to newer technologies. The three IT giants topped the charts of IT brands according to the Brand Finance 2024 report.

DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was «wild,» and he felt «super confused» and was «super caught off guard.»

geopolitics and artificial intelligence as more leaders from around the globe assembled at the snow-clad Swiss resort to discuss challenges and crises facing the world. On the second day, Ukraine President Volodymyr Zelenskyy and Chinese Premier Li Qiang stole the limelight, while Donald Trump was another talk of the town subject for his resounding victory in Iowa caucuses and the prospect of him returning to the White House.

Howard Lutnick’ – CEO of investment banking giant Cantor Fitzgerald – has a message for Tether Truthers: the stablecoin giant’s assets are 100% backed.

Abercrombie & Fitch (A&F) sexually exploited men at events he hosted across the globe. A civil lawsuit against Mike Jeffries and his British partner also claimed that they operated a sex-trafficking business, according to a report published by BBC. Currently, the federal investigating agency is interviewing and issuing subpoenas to potential witnesses.

HDFC Bank: India’s largest private sector lender registered a 2.5% sequential growth in net profit at ₹16,372.54 crore for the December quarter, partly affected by higher bad loan provisions. Net interest income grew by 4% sequentially to ₹28,471 crore during the quarter. Piramal Pharma: Piramal Critical Care, a division of Piramal Pharma, announced the launch of a new concentration of zinc sulfate injection in the US market.

If you've been keeping abreast of recent events at Citigroup, you will know that the bank is cutting 20,000 jobs. You will also know that it's already informed London employees that cuts are coming, starting next week. But do not be deceived into thinking that you know everything. 

After announcing its fourth quarter results last week, Bank of America is due to announce its bonuses next week and when it does, there may be disappointment. Bank of America could benefit from disappointing a few people; they won't leave. 

In his first earnings call with analysts, new Morgan Stanley CEO Ted Pick declared his financial advisor bona fides, saying that his family’s roots in the wealth management business balanced his background in investment banking and trading.

Ripple CEO Brad Garlinghouse took shots at the United States Securities and Exchange Commission Chair (SEC), Gary Gensler, during an appearance at the World Economic Forum in Davos, Switzerland. 

OpenAI CEO Sam Altman says concerns that artificial intelligence will one day become so powerful that it will dramatically reshape and disrupt the world are overblown.

Medikabazaar, India's largest B2B e-commerce marketplace for medical supplies, is gearing up to raise $150-$200 million from private equity investors to fund expansion through acquisitions and organic growth. «We are actively seeking another substantial round of investment to fuel our expansion,» said Vivek Tiwari, co-founder and CEO of Medikabazaar, in an interview to ET.

Realty major Lodha, listed as Macrotech Developers, expects its integrated smart township Palava City spread over nearly 5,000 acres near Mumbai to scale up and generate revenues worth $1 billion, or over Rs 8,000 crore per year, in the next few years, led by the development of residential and commercial properties including offices, a life sciences hub, warehousing & industrial spaces, said a top company official. The development at Palava City started in 2010, with phase 1 covering 300 acres that was sold out and delivered to nearly 20,000 families in 4-5 years. In 2014, the company started with phase 2 spanning 1,000 acres with over 75 million sq ft of developable area, of which over 20 million sq ft is complete.

Bob Doll, the market strategist who’s known for his annual predictions on the markets, has been named president and chief executive of Crossmark Global Investments, a faith-based investment management firm headquartered in Houston, where he has served as chief investment officer since 2021.

Federal Bank will consider external names as well for the post of managing director and chief executive officer, said the current MD & CEO Shyam Srinivasan at the earnings call on Tuesday. He clarified that the bank will give the names of the candidates by the end of April. “The regulator is not inclined to give a one-year extension.

Clix Capital, one of India's fastest-growing new-age NBFCs, have entered into a strategic digital co-lending partnership through Yubi Co.lend Platform. This partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India's GDP and employment growth.

OpenAI's CEO Sam Altman on Tuesday said an energy breakthrough is necessary for future artificial intelligence, which will consume vastly more power than people have expected. Speaking at a Bloomberg event on the sidelines of the World Economic Forum's annual meeting in Davos, Altman said the silver lining is that more climate-friendly sources of energy, particularly nuclear fusion or cheaper solar power and storage, are the way forward for AI.

NEW DELHI : Brokerage house ICICI Securities on Tuesday reported a 66 per cent year-on-year jump in Profit After Tax (PAT) to ₹465.7 crore in three months ended December 2023. In comparison, the company had posted a PAT of ₹280.9 crore in the October-December quarter of the preceding fiscal (FY23), ICICI Securities, a part of ICICI Group, said in a regulatory filing.