CEO Financial News

In recent days, the bullish momentum on Wall Street has sustained, marked by the Nasdaq hitting new all-time highs, and a similar breakthrough for the S&P 500 is imminent.

Zee Entertainment Enterprises Ltd have chosen to give themselves some more time, two persons directly aware of the matter said. The development comes after Sony and Zee failed to find common ground despite protracted discussions, securing regulatory approvals, and spending over ₹300 crore in merger-related expenses. An agreement between Sony’s India business (Culver Max Entertainment Pvt.

NEW DELHI : Vedanta Group company Runaya is planning to enter the mine tailings treatment space, as it seeks to expand its portfolio, Naivedya Agarwal, co-founder and CEO, said. Tailings are basically the leftovers or by-product of the mining process, which need to be managed or disposed after the valuable mineral is separated from the ore. Runaya has already ventured into recovery of materials from zinc and started a facility for smelting zinc waste to recover minerals like nickel, cadmium, cobalt, lithium, Agarwal said in an interview.

Mumbai Duty-Free announced the launch of its White Glove Services on Wednesday. The services are tailored exclusively for its HNI customers and will offer dedicated assistance, allowing customers to explore a range of premium products covering high-end fashion, watches, confectionery, luggage, perfume, cigars, and alcohol available at Mumbai Duty-Free.

Delhi airport operator DIAL on Wednesday said it will develop the country's interstate multi-modal transport hub near Aerocity in the national capital. «The hub will be well connected with an Interstate Bus Terminus (ISBT), the upcoming phase 4 line of the Delhi Metro Rail Corporation (DMRC), the proposed Passenger Transport Centre (PTC) and the proposed Rapid Rail Transit System (RRTS) station, including the station for Automated Passenger Mover (APM) near the GMR Aerocity,» it said in a release.

By Divya Chowdhury

Dutch bank ING says it is accelerating its phasing out of funding for oil and gas exploration and production activities while it increases financing for renewable energy

The Orlando Magic have rebranded their arena as Kia Center, a change that ends the building’s 13-year run of being known as Amway Center

leadership of Indian-origin CEOs who, through their strategic decisions and impactful manoeuvres, made headlines and left a lasting mark on the corporate landscape. The achievements and decisions of these Indian-origin CEOs in 2023 reflected a blend of adaptability and a commitment to fostering innovation in their respective organisations. Let's take a closer look at five notable leaders who have grabbed headlines for their leadership in the corporate arena.

Motovolt mobility on Thursday announced a strategic partnership with German climate tech firm Swobbee, and will be setting up 200 battery swapping stations across the country in the next two years. The Kolkata based firm, which has already launched two stations in Kolkata and Delhi, plans to set up stations in Bengaluru and Hyderabad next, company CEO Tushar Choudhary told ET.

Iced drinks topped with cold foam and added energy shots and fruit flavors have hooked high-school students, social-media influencers and now, some of the world’s biggest fast-food chains. McDonald’s this month launched CosMc’s, a new takeout-oriented restaurant concept heavy on customizable drinks like Churro Frappés and Pomegranate Hibiscus Slush. Taco Bell in December started testing blended iced coffee with flavors like Mexican Chocolate, along with shakes topped with cold foam and churro crumbles.

Sony Pictures Networks has agreed to enter into negotiations to discuss a possible extension of the date to complete the merger deal with Zee Entertainment Enterprises. “The company is in receipt of a communication from CMEPL and BEPL that they will enter into good faith negotiations…with a view to discuss the extension of the date required to make the scheme effective by a reasonable period of time,” Zee Entertainment said in an exchange filing. The deadline to complete the merger announced 2 years back was December 21. CMEPL is an indirect wholly-owned subsidiary of Sony Group Corporation (SGC). BEPL is also an indirect wholly-owned subsidiary of SGC and a part of the SGC Group. Last week, Zee Entertainment had informed that the company has sought an extension from Sony Pictures to complete the merger deal. «SPNI is required to start those conversations but has not yet agreed to a deadline extension,» Sony Pictures had then said in a statement. «We look forward to hearing Zee’s proposals and how they plan to complete the remaining critical closing conditions,» it said. The proposed $10-billion merger of Zee Entertainment and Sony Pictures received regulatory approvals from the Competition Commission of India, bourses NSE and BSE, shareholders and creditors of the company. In August this year, the Mumbai Bench of the National Company Law Tribunal (NCLT) also gave a go-ahead to the merger of Zee Entertainment and Sony Pictures. As per the agreements, Zee Ent’s MD & CEO Punit Goenka has to lead the merger entity.

₹4,000 crore in assets under management (AUM). Strata and PropShare emerge as front-runners, each managing an impressive ₹1,200 crore. Following closely, AssetMonk and WiseX handle AUMs of ₹300 crore each.

(Reuters) -General Mills cut its annual sales forecast on Wednesday and missed second-quarter estimates, warning of a slower recovery in demand following repeated price hikes on its breakfast cereals, snack bars and pet food products.

Aon plc (NYSE:AON) has agreed to a deal to acquire NFP, a middle-market property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor.

reported Business Line. At the same time, investors’ confidence in debt mutual funds was shaken by credit incidents and increases in key bank rates during the same period. Debt AUM of mutual funds at ₹13.58 lakh crore accounted for 7 per cent of bank deposits, which stood at ₹200.84 lakh crore as of November­-end.

Also Read: Outlook 2024: How equities, gold and crude oil will perform next year “Indian economic growth will continue to be led by investments rather than consumption in 2024 indicating growth in industrial, manufacturing, real estate and allied segments. Projected earnings growth for HSIE coverage universe (~215 stocks): 29% and 8% for FY24 & FY25 respectively (Ex-energy 19% and 15% for FY24 & FY25, respectively, as FY23 was an exceptional low base year for energy)," the brokerage firm said in a report.

It’s been a tough few weeks for Starbucks

The tide turned against inflation

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

Tesla has found itself locked in an increasingly bitter dispute with union workers in Sweden and neighboring countries