CEO Financial News

LONDON — Manchester United will next week announce that British petrochemicals billionaire Jim Ratcliffe will take a 25% stake in the football club, Sky News reported Monday.

Jefferies Financial Group is starting an investment-banking unit in Canada as part of an international expansion of its core Wall Street operations.

Investing.com — U.S. futures traded lower Monday, handing back some of the previous month's strong gains at the start of a new week.

By Supantha Mukherjee

In the early 2000s, India unveiled the globally lauded tourism campaign, “Incredible India." Fast-forward to the present. Harvard Business School posed a compelling question: If India were to initiate another global campaign today, what should encapsulate its essence? Its recommendation, “Inevitable India," carries a profound resonance with the contemporary global landscape and geopolitical dynamics. From governments across North America, Europe and the Global South to global CEOs worldwide, the name ‘India’ is at the forefront of discussions on alliances and strategic partnerships.

OpenAI’s power brokers seem to have decided that the quickest fix for the dysfunction on display for the past few weeks is to borrow a page from America Inc’s playbook by adding some establishment figures to its board. The company’s initial new lineup of directors includes some of the archetypes that make its boardroom look much more like everyone else’s: A well-regarded technology executive in the form of Bret Taylor, Salesforce Inc’s former co-chief executive officer, and a bigwig economist in Larry Summers, a former US Treasury secretary.

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New Year's Eve and Christmas Eve, about 48 per cent of Indians plan on increasing their travel budget in 2024, according to a report by ACKO in collaboration with YouGov Travel. About 60 per cent of Indians are set to travel to international destinations this year.

₹13810 Crore in September and ₹17875 crore in October, as per NSDL data, the foreign portfolio Investors were net buyers in the Indian markets investing ₹8786 crore in November. It is the rising dollar index and higher US Bond yields since September that had meant that investments into emerging markets like India became less attractive for FPIs, the declining Bond yields and softening of dollar index now have been helping FPI flows into India.

EAM) S Jaishankar on Monday met US Principal Deputy National Security Advisor (NSA) Jon Finer, the two exchanged views on the global situation. «Good to meet Principal Deputy NSA of the US Jon Finer this afternoon. Useful exchange of views on the global situation.

Varanasi, Surat and Visakhapatnam for running its pilot project under the Growth Hubs programme, minister of state for planning Rao Inderjit Singh said in response to a question in Rajya Sabha on Monday. “The Growth Hubs programme is an initiative to develop city regions in a planned manner in order to achieve the economic target of making India a $30 trillion economy by 2047 under its Viksit Bharat plan,” he said. “The Growth Hubs programme aims to develop a template for devising economic growth strategy for identified city regions across the country and prepare a roadmap for achieving the same which inter alia includes identification of key growth drivers, enablers and interventions,” he added. According to the minister, the city regions have been defined as a group of districts which are economically and socially adjacent, related, or co-dependent and the cities have been selected based on the criteria of geographic spread, size and scale. “Given the scale of the project, an institutional mechanism has been put in place wherein a National Steering committee chaired by CEO, NITI Aayog has been set-up involving officials from ministry of housing and urban affairs (MoHUA) and domain experts,” he said. “In addition, each state (Andhra Pradesh, Gujarat, Maharashtra and Uttar Pradesh) has constituted a steering committee for strategic interventions and overall monitoring under the chairmanship of chief secretary,” he said, adding that states have also constituted designated cells for operational matters. “A statement of intent has been signed by NITI Aayog with Institute of Sustainability, Employment and Growth ( ISEG ) Foundation and World Resources Institute (WRI) India for the project,” he said. Commenting on the

Matthew M

Alaska Air Group has agreed to buy Hawaiian Airlines in a $1.9 billion deal including debt

Fifty oil companies are pledging to reach near-zero methane emissions.

The head of the union that represents track maintenance workers says Union Pacific is jeopardizing safety by delaying nearly 1,200 planned projects until next year and laying off more than 1,000 workers

By Makiko Yamazaki and Ritsuko Shimizu

By Ludwig Burger and Noele Illien

cryptocurrency, jumped 5.2% to $41,476 in Monday's trade amid excitement about US interest rate cuts and as traders anticipate the imminent approval of US stock market traded bitcoin funds. This is the first time that Bitcoin crossed the $41,000 mark in the last 19 months. Meanwhile, Ethereum, the second largest cryptocurrency, surged 4.4% to $2,251.8 amid a broader rally in the crypto markets. The global cryptocurrency market cap also surged 4.18% to around $1.54 trillion in the last 24 hours. «The crypto market is witnessing its best performance since May 2022 with Bitcoin and Ethereum breaching the $41,000 and $2,200 mark respectively. The US Fed is expected to cut the interest rate in 2024 and that may boost the liquidity in the market, we may be witnessing early signs of the same,» said Shivam Thakral, CEO of BuyUcoin. «The US Committee on Financial Services calling a December 8 hearing on digital assets may lead to a strong regulatory framework focussing on investor protection, which could prove highly beneficial for the broader digital asset market. The growing optimism around Bitcoin ETF approval will continue to create waves of positive sentiments within the global digital asset community and we can expect this momentum to sustain in the coming weeks,» he said.

Kalpataru Projects International Limited (KPIL) on Monday announced bagging new orders worth Rs 2,263 crore in the domestic and overseas markets. The company's transmission and distribution (T&D) business has secured orders totalling Rs 1,564 crore in India and overseas markets, KPIL said in an exchange filing.

Spotify will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying of 6% of this staff in January citing higher costs. In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.

Inox Wind Energy Ltd (IWEL) on Monday said it has infused Rs 800 crore into Inox Wind Limited (IWL) and the subsidiary company will utilise the amount to clear a portion of its outstanding debt. IWEL had earlier raised Rs 800 crore through sale of equity shares of Inox Wind through block deals on the stock exchanges.