CEO Financial News

Elon Musk's drug use has worried executives and board members at businesses he runs, the Wall Street Journal reported, citing unidentified people familiar with the billionaire and the companies. Musk has used LSD, cocaine, ecstasy and psychedelic mushrooms, often at private parties, the Journal said, citing unnamed witnesses and others with knowledge of the matter.

Alaska Air Group (NYSE:ALK) grounded its fleet of 65 Boeing (NYSE:BA) 737 Max planes after an incident involving a section of one of the planes ripping off in midair during a flight.

Narendra Modi will visit Gujarat from January 8-10 during which he will hold bilateral meetings with world leaders, CEOs of top global corporations, and inaugurate the Vibrant Gujarat Global Summit. Vibrant Gujarat Global Summit, conceptualised in 2003 under the visionary leadership of the then chief minister Modi, has today evolved as one of the most reputed global forums for business collaboration, knowledge sharing and strategic partnerships for inclusive growth and sustainable development, a statement issued by the Prime Minister's Office (PMO) said. On January 9, at around 9.30 am, Prime Minister Modi will arrive at Mahatma Mandir in Gandhinagar, where he will hold bilateral meetings with world leaders, followed by a meeting with CEOs of top global corporations. At around 3 pm, he will inaugurate Vibrant Gujarat Global Trade Show, the PMO said. On January 10, at around 9.45 am, Prime Minister Modi will inaugurate Vibrant Gujarat Global Summit 2024 at Mahatma Mandir, Gandhinagar. Thereafter, he will hold a meeting with CEOs of top global corporations. The Prime Minister will then travel to GIFT City where, at around 5.15 pm, he will interact with prominent business leaders in the Global FinTech Leadership Forum. The Tenth edition of Vibrant Gujarat Global Summit is being held from January 10 to 12, 2024 in Gandhinagar, Gujarat. Its theme is 'Gateway to the Future'.

Income tax 2024 proof submission: The income tax proof submission's last date for FY 2023-24 is generally 31st March. However, there is no strict deadline and it varies from employer to employer. Generally, your employer may ask you to declare investment proofs from January onwards till March. 

Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government. India needs to have a robust backbone for charging infrastructure across the length and breadth of the country with considerations of traffic and population density, as it aims to break the barriers for large-scale adoption of electric vehicles. India's top nine cities, with a population of over 40 lakh each, would require 18,000 public EV charging stations by 2030, according to the recent government data.

According to search and recruitment firms and India Inc executives, organisations in sectors as diverse as oil and gas and manufacturing to banking, fashion and technology are keen to run global searches while hiring, in line with their global ambitions and capacity to pay on par with international standards.

Boeing 737 MAX 9 aircraft following a cabin panel blowout late Friday that forced a brand-new airplane operated by Alaska Airlines to make an emergency landing. «The FAA is requiring immediate inspections of certain Boeing 737 MAX 9 planes before they can return to flight,» FAA Administrator Mike Whitaker said on Saturday. «Safety will continue to drive our decision-making as we assist the NTSB's investigation into Alaska Airlines Flight 1282.»

Boeing faces new scrutiny about the safety of its best-selling plane after federal officials announced the temporary grounding of Boeing 737-9 Max planes on Saturday, following a harrowing flight in which an Alaska Airlines jetliner was left with a gaping hole in its side. The Federal Aviation Administration said it was requiring immediate inspections of Max 9 planes operated by U.S. airlines or flown in the United States by foreign carriers.

Times of India, adding the person was alive. According to the report, the charred body given to the wife of one of the AC technicians – injured during an AC explosion at a hospital in Odisha – didn't belong to him and he is still undergoing treatment. The AC technician – 34-year-old Dilip Samantaray – is among the four AC technicians who got injured in the accident and is recuperating from burns in the same hospital, which is now accused of wrongly identifying the one who died.

unlisted companies to go public, Motilal Oswal Financial Services' Chairman Raamdeo Agrawal said on Saturday in the backdrop of a record 42 lakh demat accounts opening in December, which he termed as the biggest economic event that has happened in India after 1992. Agrawal said that well-managed large unlisted companies would want to make their company live beyond themselves and it is only possible by listing the company and separating the management from the ownership and management of the company. Agrawal was speaking at BCAS’ ReImagine 2024 event organised by Bombay Chartered Accountants Society (BCAS) which is celebrating its Platinum Jubilee.

ALSO READ: Layoffs in 2023: Paytm's parent company, One97 Communication, hands over pink slip to over 1000 employees Frontdesk CEO Jesse DePinto had reportedly fired all the employees on Tuesday afternoon during “a two-minute Google Meet call". According to one employee who had attended the virtual meeting shared details of the meeting with TechCrunch. ALSO READ: Tech layoffs 2024: Xerox announces a reduction inworkforce by 15%.

The ongoing saga of the FTX bankruptcy has taken a new turn with the latest developments involving the acquisition of the stock-clearing platform Embed. FTX debtors, grappling with the fallout of the crypto exchange's collapse, have proposed a separate litigation settlement in the bankruptcy case, focusing specifically on this controversial acquisition.

The decentralized finance sector faced a significant setback when KyberSwap, a DeFi protocol, suffered a devastating hack in November 2023. The aftermath of this security breach has led to far-reaching consequences, including a drastic reduction in the platform's workforce and efforts to support affected users.

Red Sea have thrown global shippers of vital goods for a loop — but it is hardly the only issue that big carriers are facing as 2024 kicks off. Giants like Maersk say the industry, which handles 90% of global trade, faces the possibility of significant disruptions, from ongoing wars to droughts affecting key routes like the Panama Canal. Complex vessel schedules are likely to be knocked out of sync for giant container ships, fuel tankers and other commodity haulers throughout the year.

Google Bard website that mentions Bard Advanced. The initial statement suggests, "Try Bard Advanced for 3 months, on us." A subsequent sentence elaborates, "Get more capable large language models with advanced math and reasoning skills with Bard Advanced for 3 months on us." Reportedly, the code snippets indicate that Bard Advanced will be presented through a three-month trial, implying that users may need to subscribe for continued access post the complimentary trial. The precise release date for the enhanced version of Bard remains uncertain, as the company initially declared an "early 2024" launch when announcing the service in December.

debt, gold or real estate which asset classes are likely to outperform in 2024, is a question most investors are looking for an answer. This becomes important for investors to give a final shape to their asset mix decision so that their investment portfolio not only delivers good return but also becomes secure enough to deal with any volatility or adverse market movements.

Bangalore undeniably shares attributes of other metros like high population density, significant economic activity, and a fast-paced lifestyle, it's still categorized as a non-metro for HRA purposes. This means residents can only claim 40% of their basic salary as tax-exempt HRA, compared to the 50% allowed in the four designated metros," said Abhishek Soni, CEO and Co-founder of Tax2win.

Marico Bangladesh Ltd. Musthafa will be responsible for global expansions, building food-tech capabilities and strategic acquisitions. As part of its growth strategy, iD Fresh will also appoint dedicated business heads and CEOs for each International market.

Workplace expert Andy Challenger on why CEOs have left and how this has impacted companies

Grayscale Investments, a leading cryptocurrency trust manager, has announced the resignation of Barry Silbert from its board of directors. Silbert, recognized as the founder and CEO of Digital Currency Group (DCG), the parent company of Grayscale, officially stepped down as of January 1, 2024. This move comes amidst a challenging period for the crypto industry, particularly following the 2022 market downturn.

Former Binance CEO Changpeng «CZ» Zhao has witnessed a significant surge in his wealth over the past year. Since December 2022, his net worth has increased by an estimated $25 billion. This remarkable growth has elevated his total net worth to $37.2 billion. Such a substantial increase is not only a testament to Zhao's financial acumen but also highlights the dynamic nature of wealth in the blockchain and cryptocurrency sectors​​​​.