CEO Financial News

Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet

A U.S. labor agency has accused SpaceX of unlawfully firing employees who penned an open letter critical of CEO Elon Musk and creating an impression that worker activities were under surveillance by the rocket ship company

REC Power Development and Consultancy Ltd (RECPDCL), a wholly-owned subsidiary of REC, has inked an initial pact with the Gujarat government for implementing smart metering projects worth Rs 2,094.28 crore. The project is to be implemented in Paschim Gujarat Vij Company Ltd (PGVCL) under the first phase of the Revamped Distribution Sector Scheme (RDSS).

The legal proceedings involving former FTX CEO Sam Bankman-Fried took a significant turn recently when U.S. federal judge Lewis Kaplan denied Bankman-Fried's request for an adjournment of his sentencing hearing. This decision has implications for the timeline of the case and highlights the complexities surrounding high-profile legal cases in the cryptocurrency world.

Core Scientific, once a leading player in the Bitcoin mining landscape, is poised to emerge from Chapter 11 bankruptcy proceedings in mid-to-late January 2024, as announced on December 21, 2023. This comes after a tumultuous period marked by financial challenges that led to the company filing for bankruptcy in December 2022​​​​.

Prominent Bitcoin (BTC) mining firm Cipher Mining has acquired 16,700 new mining rigs, aiming to position itself as one of the leading players in the industry following the anticipated Bitcoin halving event in April. 

By Francesca Landini

Business tycoon Anand Mahindra took to X (formerly Twitter) on Wednesday and shared a video of Anirudh Kohli, the CEO of Breach Candy Hospital, Mumbai, driving an auto rickshaw. The deep blue coloured auto-rickshaw was a Mahindra Last Mile Mobility, an electric three-wheeler. The Mahindra Group Chairman wrote that Kohli had loved the auto-rickshaw.

Barclays PLC has hired Ryan Voegeli as its new head of investment banking in Canada, adding to a slate of new leaders after it experienced a series of high-level departures last year.

A Pune man was recently conned of a whopping over ₹2.1 crore by cyber criminals in a well-organised fraud. 

Zillion, one of India’s largest multi-brand loyalty programs, that is part of the BharatPe Group, today announced the launch of Rewards-as-a-Service (RaaS) platform for brands that have an existing loyalty currency, but would need a robust rewards redemption platform to offer a best-in-class experience to their customers. With this newly launched product, the company will be targeting to onboard banks and large enterprises, including those with an extensive distribution network. Rewards-as-a-Service platform will enable brands to have the flexibility of running their own loyalty currency, while offering an exciting redemption platform for their customers.

Ringing in a new year comes with a lot of planning, preparation – and dread. 

Dakota Wealth Management is to acquire a Minnesota RIA firm managing $400 million, marking a new milestone in the growing businesses’ footprint.

New banking rules proposed last year by US regulators were “extremely aggressive” and are likely to be “materially wound back” before being put in place, Morgan Stanley Chairman James Gorman said.

The average FTSE 100 CEO will have earned more this year than the median full-time worker's annual salary by 1 p.m. London time on Thursday, according to estimates from the High Pay Centre think tank.

BEIJING — It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.

Baker Hughes CEO Lorenzo Simonelli provides insight on the energy sector on The Claman Countdown.

Upgrad on Wednesday said that it has appointed former Tech Mahindra managing director and chief executive C P Gurnani to its board of directors. Gurnani's addition as an independent non-executive director increased the Mumbai-based startup’s board to seven members, cofounder Ronnie Screwvala told ET.

Vedanta Vedanta's alumina production at Lanjigarh refinery was up 6% year-on-year to 470kt in the quarter ended December. The cast metal aluminium production at smelters also rose 6% YoY. Bajaj Auto Bajaj Auto said that its board will have a meeting on January 8 to consider and approve buyback of shares. LTIMindtree The company has received an order from GST Mumbai office for demand worth Rs 208 crore. NHPC NHPC has signed a MoU with GPCL for proposed investment of Rs 4,000 crore in Kuppa Pumped Storage Project (750 MW). BGR Energy Central Bank of India and SBI have classified the company's accounts as non-performing assets. Read more: Here's the trade setup for today's session Tech Mahindra Richard Lobo has been appointed as Chief People Officer of the company with effect from January 3. Ujjivan SFB Ujjivan SFB's total deposits rose 29% to Rs 29,869 crore for the quarter ended December, while disbursements were up 17% to Rs 5,675 crore. IEX For the third quarter of the fiscal year 2024, IEX achieved 28,326 MU overall volume, registering an increase of 17% YoY basis. IndusInd Bank IndusInd Bank's net advances rose 20% YoY to Rs 3.26 lakh crore for the December quarter.

Here’s hoping 2024 is a big year for women on Wall Street.

By Daniel Wiessner