CEO Financial News

Exxon Mobil CEO Darren Woods on Saturday rejected the International Energy Agency's recent claim that using wide-scale carbon capture to fight climate change was an implausible «illusion», saying the same could be said about electric vehicles and solar energy. «There is no solution set out there today that is at the scale to solve the problem,» Woods told Reuters on the sidelines of the COP28 climate summit in Dubai. «So, you could say that about carbon capture today, you could say that about electric vehicles, about wind, about solar. I think that criticism is legitimate for anything that we're trying to do, to start with,» he said. While few commercially viable carbon-capture projects exist due to high costs, EVs now make up about 13% of the global new vehicle market, and solar and wind deployments have been expanding rapidly. Woods' appearance marked the first time a CEO of fossil fuel giant Exxon has attended one of the annual U.N.-sponsored climate summits, and reflected a growing effort among oil and gas companies worldwide to recast themselves as part of the solution to global warming, as opposed to a cause. The future role of carbon capture technology and fossil fuels is a key issue at the conference. The IEA, the West's energy watchdog, issued a report on Nov.

Positioned at the nexus of development and urbanization, Golf Course Extension Road in Gurugram has emerged as one of the hottest spots in the city’s real estate market. The area, once an underdeveloped corridor, has now become a magnet for high-end residential seekers, redefining the landscape of modern living. Connecting MG Road to Gurgaon-Sohna Road, the 90-meter-wide road spanning Sectors 55-56 has undergone a remarkable transformation since its construction in 2009. Recent development initiatives have seen the expansion of this stretch to encompass new sectors such as 61, 62, 65, 66, and 67.

Historically, November has been among the most prosperous for the Nifty 50 and the overall Indian stock market. While writing this, Nifty 50 was trading at around 20,094.50, and Nifty November 2023 was trading at almost 19,889.70 points premium in the cash market. 

The trust in savings accounts remains unwavering among Indians. Offering liquidity, ease of access, and nominal risk, savings accounts serve as a secure repository for funds, meeting short-term financial needs while providing a nominal interest rate. This preference for liquidity and safety reflects the practical approach many adopt in India.

Thе co-working space in India is in high demand, and is showing no signs of slowing down. In 2024, the industry can еxpеct to sее еvеn morе co-working spacеs popping up, not just in major citiеs likе Dеlhi and Mumbai, but also in smallеr towns and citiеs across thе country.

Your password is a key component to protect your investment. Setting up secure banking passwords is crucial in safeguarding your financial information. It is important that you keep in mind certain strategies before creating banking or investment account passwords.

Owning a home is a dream for crores of middle-class Indians. However, properties are expensive these days — even in a tier-2, -3 location — and people depend on home loans to see their dreams come true.

Investing.com — Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed this week: Walt Disney turns down Trian request for Board representation, Elliott takes $1 billion stake in Phillips 66 and seeks board seats, and top brass buys at Arbor Realty Trust , Agilon Health, and 3D Systems.

There has been a surge in  meme coins  linked to Elon Musk following the billionaire’s verbal outburst at X (formerly Twitter) advertisers. 

This week in crypto: Vitalik Buterin said he plans to redesign Ethereum staking and praised the UTXO payment model, MicroStrategy CEO Michael Saylor bought an additional $593 million worth of BTC,  Reddit renounced Moons’ contract completing the decentralization of the token, and Bitfinex’s tokenized bond raised only $1.5 million of its initial target of $10 million. Trust Wallet alerted users about an ongoing issue with the Bitcoin node that could result in transaction delays.

concerns about the safety and speed of OpenAI’s tech deployment, which ostensibly unsettled some board members including Ilya Sutskever, a co-founder and OpenAI’s chief scientist. Some fear that ChatGPT could herald the onset of artificial general intelligence (AGI)–one of the reasons for Sutsekever’s differences with a techno-optimist like Altman. The new initial board will comprise Bret Taylor (Chair), Larry Summers, and Adam D’Angelo.

Sandeep Bagla, CEO of TRUST Mutual Fund says within mid-caps and small-caps, there are significant variations in valuations. He pointed out that the mid-cap and small-cap space will always be a stock pickers’ canvas. In an interview with Mint, Bagla talked about the current market structure and sectors he is positive about.

By Valerie Volcovici

By Abhirup Roy, Hyunjoo Jin and Chavi Mehta

Elon Musk-owned site, as per a Reuters report. A spokesperson for Walmart clarified, "We aren't advertising on X as we've found other platforms to better reach our customers." X did not respond to queries on the issue, the report said. Notably, while Walmart's move to pull off ads on X was made public on December 1, Joe Benarroch, the head of operations at X said the company had not placed ads on the platform since October, instead focusing on organic engagement within its community of over one million members on X.

drone scheme for women’s self-help groups (SHGs) will boost opportunities and growth for the drone industry and create a win-win situation for both industry and agriculture, senior executives said. “I think this is the biggest news that the drone industry has ever received, because such amounts of funds have never been allocated (in relation to the drone industry),” Agnishwar Jayaprakash, founder and CEO of drone-maker Garuda Aerospace, told ET.

Indians might be holidaying overseas this Christmas-New Year season than last year as relatively cheaper fares and packages, better connectivity, and easier entry requirements have made the proposition more compelling. Tour and travel companies such as Thomas Cook, SOTC and EaseMyTrip have seen up to 30% uptick in demand for short-haul international routes compared to last year. Packages for many of these destinations are comparable with those for popular domestic spots, as some countries are actively wooing Indian travellers with visa-free entry and by nudging airlines to offer easy connectivity at affordable rates. Consider this.

By Svea Herbst-Bayliss

By Daniel Wiessner

A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report.

Tesla has handed over its first Cybertrucks to its new owners. The Cybertrucks were handed over at an event organized at the company's headquarters in Austin, Texas.