CEO Financial News

These high-growth startups, often credited as category creators, have introduced entirely new industry segments, positioning them as critical players in India's ambitious goal of reaching a $5 trillion economy by 2025 and achieving full-fledged developed nation status by 2047. Startup20 Vision that aims to empower Indian startups as the catalyst for global economic advancement" and the rapidly growing deeptech startup prospects that are fosterting the emergence of future unicorns from sunrise sectors are among the central themes in this thriving ecosystem, propelling innovation, expansion, and global economic impact. At the Delhi-NCR edition of the ET Soonicorns Summit 2023 – an Economic Times initiative to track the next frontiers of growth for the Indian startup ecosystem – Startup20 Vision and the Deeptech sector will be in focus, with a Keynote Addresses by Jeet Vijay, CEO, MEITY Startup Hub and Geetika Dayal, Executive Director.

JPMorgan Chase CEO Jamie Dimon wants to sell shares currently worth about $141 million, the first such transaction since he took the helm at the Wall Street giant almost 18 years ago. Dimon and his family plan to kick off the disposal of 1 million of the lender's shares next year for financial diversification and tax-planning, according to a regulatory filing.

Also Read: Google CEO Sundar Pichai to testify in landmark antitrust battle over search dominance! What is it all about Google's revenue from search advertising came in at $146.4 billion in 2021, while the payments for the default setting were its biggest cost, Raghavan was mentioned as saying in the Bloomberg report. Google declined to comment on the testimony when contacted by Reuters.

ChatGPT maker OpenAI plans to start making its own AI chips. Here's why it's important The new Amazon investment is structured as a convertible note, a type of debt that can be converted into equity in the next round of funding, Bloomberg reported, citing Anthropic as its source. The report notes that Google has already invested $500 million in the company and has committed to investing a further $1.5 billion in the future.

Bankman-Fried of using FTX customer funds to prop up Alameda, make speculative venture investments and donate more than $100 million to U.S. political campaigns. He also is accused of scheming to cheat Alameda's lenders and FTX investors.

Tata group’s ecommerce superapp Neu housed under Tata Digital. Rajiv Subramanian, who heads the travel business at the firm, has resigned, adding to the list of senior level departures at the firm over the last year, people aware of the matter said. Subramanian was formerly travel firm Cleartrip's head before he joined Tata Digital in November 2021. He is considering setting up his own venture but it is not finalised yet.

succession planning more than ever before as an intensifying war for top-deck talent and the rising mobility of key personnel prompt organisations to proactively build up a second and even third line, said board members and chief executives. Besides, a push from boards and investors amid a manifold increase in the complexity of risks facing any company is leading many — especially in sectors such as financial services and technology, and at large diversified conglomerates — to take succession planning to at least two levels below the CEO and CXOs.

This week, Charles Schwab Corp. CEO Walt Bettinger called the process of moving registered investment advisors working with TD Ameritrade onto Schwab’s custody platform “imperfect.” A day later, Dan Arnold, CEO of LPL Financial Holdings Inc., a broker-dealer that is increasingly focused on RIA custody, said “opportunity” often results from such combinations.

Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, continued his testimony in Manhattan federal court Friday afternoon.

Harvey Norman, Australia’s largest white goods and home retailer, says pre-tax profits have halved in the first three months of the new financial year as sales momentum deteriorates faster than the market expected.

The first time Rich Gelfond visited Sydney, it was in 1996 for the opening of the IMAX cinema in Darling Harbour.

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

(Corrects total assets under management figure to $1.35 trillion, not billion in paragraph 5)

By Daniel Wiessner and Katherine Masters

Ford has reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates

Exxon Mobil’s third-quarter profit declined compared with last year's unprecedented numbers, but they're up 15% compared with the previous quarter

An independent probe has found “serious failings” in how NatWest Group’s private and exclusive Coutts Bank shut down the account of the right-wing British politician Nigel Farage

One year ago, Elon Musk walked into Twitter’s HQ with a white bathroom sink.

The removal of contaminated soil from the site of February's fiery Norfolk Southern derailment in eastern Ohio is expected to be completed sometime this weekend although the larger cleanup will continue

Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business

Norfolk Southern has installed the first of what will be more than a dozen of a new generation of automated inspection portals on its tracks in Ohio — not far from where one of its trains derailed in February and spilled hazardous chemicals that caught...