CEO Financial News

Vivo has termed as “continued harassment” the recent arrests made by the enforcement directorate in the prevention of money laundering probe against Chinese smartphone major. The comments came after three more executives, including interim CEO Hong Xuquan and chief financial officer of Vivo’s India operations, were held on Saturday. «We are deeply alarmed by the current action of the authorities.

Ashi Anand, Founder & CEO, IME Capital, says “we are seeing a larger risk on trade, FII flows are starting to come back in. It is really the context of the current strength in metals. But from a slightly longer-term perspective, the Chinese economy is really struggling and importantly, it is the housing sector in China which is really struggling the most. Just two days ago, a Chinese developer went bankrupt. Now, China has been the core driver of global demand for metals and if the biggest demand driver is really going to be weak, it is really difficult to build any kind of longer-term fundamental call on at least the core metals.” A lot of interest in the IPO market and considering you track this space closely, any business that you have liked, any IPO that you have subscribed to? Ashi Anand: Yes, we are tracking the IPO space. There are certain interesting IPOs coming up. There are certain D2C brands which are coming up. There are certain other digital platforms. So, it is a space that we are tracking. The only problem is the IPO market is probably a bit too hot. Participation is probably being too high. There is a large amount of IPOs which probably are not of that high quality seeing very large subscription numbers.

OpenAI CEO Sam Altman has listed the most requested features from the ChatGPT maker in 2024. The list of requested features includes many notable mentions, including artificial general intelligence, GPT-5 language model, more personalisation, better GPTs and more. The suggestions were in response to a question posed by Altman on X (formerly Twitter), where he asked his followers what they would like OpenAI to build or fix in 2024.

why should I spend time running my business when returns from stocks are far better? Well, if you do find yourself in such a situation, or perhaps asking yourself this question, you should know we are in a pent-up bull market. In fact, it’s at this very moment, just when everything about stocks starts to look perfect, you should start to get anxious about stocks. If you are a seasoned long-term investor, you should be asking yourself–do I have enough cash on hand to jump in if and when the correction comes? On the other hand, if you are a trader or punter the question to ask is–what if things are not perfect after all? How much could I lose? I know this is wishful thinking.

Google is planning to reorganise a large part of its 30,000-strong ad sales unit as a result of the company's recent advances in artificial intelligence, according to a report by The Information. Notably, Google laid off around 12,000 employees earlier this year, making it the biggest job cut in the company's history.

Colby Covington has raised concerns about perceived political bias among judges following his unanimous decision loss to Leon Edwards at UFC 296, especially with former US President Donald Trump in attendance. Covington is advocating for a rematch in the aftermath of his defeat to Edwards. In the post-fight press conference, Covington alleged that the judges have consistently shown bias against him due to his association with Trump. He claimed that his support for Trump has led to unfavorable judgments, stating, the judges hate him because he supported Trump.

turns the Israel-Palestine war into a global economic problem. For weeks, ships transiting the strait, a choke point in the Suez Canal, have been under attack from the Houthis, a group of highly trained, Yemen-based, Iran-backed militants with access to an array of sophisticated naval artillery. The attacks are part of the group’s offensive against Israel’s bombardment of Gaza. At least 10 of the world’s biggest shippers and one oil supermajor have decided to avoid the canal, a passageway for more than 20,000 ships a year, which account for 12% of global trade, 9% of oil demand, 6% of LNG imports and 30% of container shipments.

By Nichola Groom and Cath Turner

By Emma Rumney and Arriana McLymore

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Nio raises $2.2B; Mullen’s third reverse split; and tearing it up with tariffs.

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed this week: Adobe Systems and Figma mutually agree to terminate merger, Nippon Steel to acquire U.S. Steel, Warner Bros. Discovery and Paramount in merger talks, and Aon to acquire NFP.

Berkshire Hathaway’s future chief executive officer is no Warren Buffett. Fortunately for Greg Abel, he doesn’t have to be. Buffett, the 93-year-old chairman and CEO, unwrapped one of corporate America’s longest-running mysteries in 2021 when he confirmed that Abel was his pick to succeed him in the role as CEO.

OpenAI’s entrance marked a turning point, automating routine tasks and disrupting employment sectors like data entry and call centres. However, the AI wave also brought a surge of opportunities in data science, engineering, and machine learning, creating a new landscape of high-skilled jobs. Mint speaks with hiring experts to probe into AI’s impact on Indian jobs after its emergence.

One of the most prominent cryptocurrency exchanges in the world, KuCoin, has achieved a large settlement with the Attorney General's Office of the state of New York. A significant step forward in the regulation of cryptocurrency exchanges in the United States has been taken with the signing of this deal, which includes a payment of $22 million and a vow to suspend operations for residents of New York State.

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.

Mayur Abhaya, MD & CEO of LifeCell International Pvt. Ltd., expresses his pride and excitement while talking about the launch of their latest lab in Gurugram.

Vivek Bindra is under scrutiny as allegations of domestic violence emerge just days after his wedding to Yanika on December 6, 2023. According to TOI, an FIR has been registered against Bindra, the CEO of Bada Business Pvt Ltd, following accusations of assaulting his wife.

Adani Enterprises (down 27 per cent) and UPL (down 19 per cent) - in the red this year so far. Stocks such as Tata Motors and NTPC have surged 87 per cent and 82 per cent, respectively. As many as 27 Nifty 50 stocks have gained over 20 per cent while 40 stocks have gained over 10 per cent in the year so far.

Air India, which plans to induct a total of six A350 planes in the first phase, will be the first Indian carrier to have this type of aircraft. In a message to the staff on Friday, the Air India CEO and MD also said that new uniforms for the airline's ground staff as well as for Air India Express staff will be introduced soon.

decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country's oil and other sectors, as part of a deepening of decades-old ties. Angola said on Thursday it was leaving OPEC, effective from Jan. 1, following a row with the producer group over the size of its output quota.

OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter. The terms, valuation and timing of the funding round have not yet been finalised and could still change, the report said.