CEO Financial News
13.01 / 02:07
COST
UPS
Target
CEO
Attacks of merchant vessels in Red Sea have tripled transportation cost, says CEO of Indian shipping firm
Red Sea, Raajesh Bhojwani, the Chief Executive Officer (CEO) of RBB Ship Chartering, on Friday said the shipping costs have gone up manifold in the wake of these incidents. RBB Ship Chartering deals in ship chartering services, including dry bulk cargo shipping and various types of vessel charters.
13.01 / 02:07
markets
CEO
wellness
pandemic
Experts
travelers
Pharmaceuticals
At India Inc, bosses are the new CEO of fitness
Zerodha CEO Nithin Kamath sets himself a new fitness goal every quarter — it could be something to do with long-distance running or swimming, the idea is to keep things interesting. “Productivity at work is directly proportional to your quality of health,” he said. “If your body is healthy, your outcome at work will be better.” Emcure Pharmaceuticals executive director Namita Thapar agreed. “I strongly believe in the link between health and work productivity,” she said. “Yoga has been a gamechanger for me. The asanas and breathing have made me a kinder and more focused leader.”
13.01 / 01:15
markets
UPS
Digital
CEO
Platform
Features
Digital Connexion launches MAA10 data center in Chennai
Digital Connexion on Friday said it was launching its first data center campus catering up to 100 megawatt (MW) critical IT load capacity in Chennai's Ambattur Industrial Estate. The company which is a three-way joint venture between Brookfield Asset Management, Reliance Industries and Digital Realty said that during the first phase of the data center, MAA10, will offer 20MW of IT load and features a modular infrastructure design that will enable customers to scale their infrastructure in response to varied workload demands, accommodating anything from single cabinet needs to multi-megawatt requirements.
13.01 / 01:15
CEO
Software
Research
trends
country
reports
Schools
Q3 results: HCLTech bucks trend, Wipro's woes continue
HCLTech, India's third-largest software exporter, bucked the prevailing trend of tepid growth in the $245-billion IT services industry to post better-than-expected numbers in the third quarter of the current financial year. Its net profit rose 6.2% on year to Rs 4,350 crore for the October-December 2023 period, while revenues rose 6.5% to Rs 28,446 crore. Meanwhile, Wipro — the fourth in the quartet of India's top IT firms — reported a steep 12% year-on-year fall in profits and a 4.4% dip in revenue in what is traditionally viewed as a slow quarter for the technology industry.
13.01 / 01:11
markets
COST
Citi
Google
CEO
Citigroup
reports
Q4
Slash
Citigroup plans to slash 20,000 jobs over next two years due to ‘disappointing’ Q4 results
Discord announces workforce reduction of 17%, will layoff 170 employees During the last week of January, Citi is likely to announce more organisational changes. "Efforts to simplify its structure will be largely completed this quarter, saving $1 billion and eliminating about 5,000 mostly managerial roles," CEO Jane Fraser said. The job cuts could cost as much as $1.8 billion, Citigroup said but will save $2.5 billion a year by 2026.
13.01 / 00:27
12.01 / 16:01
UPS
CEO
Fighting
President
Universities
gay
Bill Ackman is creating an activist organization to fight antisemitism, reform higher education
Hedge fund billionaire Bill Ackman, who recently fought a high-profile battle against Harvard University, said Friday that he's starting an activist organization to fight antisemitism and reform higher education.
12.01 / 15:53
12.01 / 15:39
COST
CEO
wellness
Corona
President
Winter Olympics
Olympics
Olympics-Alcohol-free Corona Cero to be official Paris beer as AB InBev signs deal
LONDON (Reuters) — Anheuser-Busch InBev will be an official sponsor for three Olympic Games starting with the Paris 2024 summer event this year, the brewer said on Friday, naming its alcohol-free Corona Cero as the official beer of the Games.
12.01 / 15:05
12.01 / 15:04
12.01 / 14:59
FIVE
CEO
WSJ
trends
Universities
performer
innovations
WSJ's Management Top 250: 2023
the Management Top 250, a ranking produced annually since 2017 through a partnership between The Wall Street Journal and the Drucker Institute, which is a part of Claremont Graduate University. It is grounded in key principles put forth by Drucker, who died in 2005, and examines five dimensions of corporate performance: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. The new face of the C-suite is changing - its older, has broader industry experience and is increasingly female.
12.01 / 14:59
12.01 / 14:59
UPS
Provident
CEO
Airlines
Boeing
AAR Indamer plans expansion to meet India’s growing aircraft maintenance needs
₹450 crore. We will be building six more hangars in phase II and III for which we will invest upwards of ₹550 cr-600 crore. The capacity will be tripled and we will provide MRO service for wide body aircraft also," said Indemar group director Prajay Patel.
12.01 / 13:59
Citi
FIVE
CEO
Citigroup
cover
reports
International
Q4
Citigroup Q4 Results: Company swings to $1.8-billion loss on slew of charges
insurance fund and carry out a sweeping internal reorganization. The loss was also fueled by the bank stockpiling money to cover currency risks in Argentina and Russia. The third-largest U.S. lender by assets posted a loss of $1.16 per share for the three months ended Dec.
12.01 / 13:59
12.01 / 12:47
Provident
Google
CEO
President
Universities
innovations
reports
Google to boost backing for real-money games; extended pilot programme to focus on India, Brazil, Mexico
Mexico, and Brazil. Appreciating the development, Roland Landers, CEO of All India Gaming Federation (AIGF), said, “This decision will help with responsible innovation and provide a bouquet of choices to the Indian consumer.
12.01 / 12:31
12.01 / 11:55
12.01 / 11:27
UPS
Provident
CEO
security
performer
information
NPS tax benefits: How salaried, self-employed can claim tax deductions for NPS under old, new income tax regime
NPS are available under both new and old income tax regimes. If you are wondering how to avail of tax deductions for your NPS investment, read here.
12.01 / 11:19
UPS
Booking
CEO
Experts
reports
Updates
Wipro Q3 result: Posts QoQ decline in revenue, announces dividend - 10 key highlights
Wipro on Friday, January 12, reported a 1.8 per cent quarter-on-quarter (QoQ) increase in its net income to ₹2,690 crore ($323.9 million) for the third quarter of the current financial year (Q3FY24). However, its revenue from operations declined year-on-year (YoY) and QoQ and profit also fell year-on-year. “In a seasonally soft quarter, deal booking momentum remained strong.
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