CEO Financial News

25.10 / 12:23

CEO Gap WhatsApp Time RBI asks banks to ensure at least two whole time directors on board

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Establishment of such a team may also facilitate succession planning, “especially in the background of the regulatory stipulations" related to the tenure and upper age limit for managing directors and chief executive officers, the banking sector regulator added.

25.10 / 12:23

Provident Digital CEO Platform WhatsApp Indus information Support IndusInd Bank unveils a significant partnership with Viamericas in support of the newly reimagined IRF platform

IndusInd Bank announced changes in lifestyle, veiled an exciting strategic partnership with Viamericas Corporation, aimed at providing cutting-edge digital inward remittance services to non-resident Indians (NRIs) residing in the United States. Leveraging the power of IndusInd Bank’s ‘Indus Fast Remit’ platform, this collaboration opens the door for NRIs to access highly competitive exchange rates when sending digital inward remittances to India.

25.10 / 11:51

UPS Citi FIVE CEO country reports Jubilant FoodWorks Q2 Results: Profit slides 39% YoY to Rs 72 crore, misses estimate

Jubilant FoodWorks, which owns Domino's pizza franchises in India and a few other countries, on Wednesday reported a 39.5% year-on-year (YoY) decline in standalone profit at Rs 72.1 crore for the quarter ended September. It was Rs 119.2 crore in the year-ago period. The profit was below the ET Now Poll estimate of Rs 84 crore. Its profit after tax (PAT) margin declined by 38 bps sequentially to 5.4% while its EBITDA margin came in at 20.9%, lower by 23 bps sequentially. During the quarter, the pizza seller reported a 4.5% YoY rise in its revenue from operations to Rs 1,344.8 crore as compared to Rs 1,286.8 crore in the year-ago period.

25.10 / 11:11

UPS CEO T-Mobile reports Q3 end T-Mobile raises lower end of forecast after Q3 beat

T-Mobile (NASDAQ:TMUS) reported third quarter results that surpassed analyst expectations. As a result, shares rose 1.4% in pre-open trade.

25.10 / 10:51

Lowe's CEO JPMorgan economy President Carlyle 'Incredible alpha opportunities' in the year ahead despite headwinds, says Carlyle Group CEO Harvey Schwartz

Several of Wall Street's biggest names convened in Riyadh, Saudi Arabia, for the kingdom's annual Future Investment Initiative, during which they weighed in on risks and opportunities for investors and the global economy.

25.10 / 09:25

Booking CEO Mobile performer social innovations PMI Electro Mobility Solutions secures Rs 250 cr investment from Piramal Alternatives

Electric bus maker PMI Electro Mobility Solutions on Wednesday announced raising funds in the form of strategic investment to the tune of Rs 250 crore from Piramal Alternatives, the fund management business of the Piramal Group. The freshly raised capital will bolster company's business expansion and sustainability issues, PMI Electro Mobility said in a statement.

25.10 / 08:25

CEO Racing WhatsApp Forbes donates Mukesh Ambani offers prayers at Dwarkashish temple with son Anant in Gujarat | Watch video

Reliance Industries Chairman Mukesh Ambani and his son Anant Ambani on Tuesday offered prayers at Dwarkadhish temple Temple in Devbhumi Dwarka district of Gujarat. The Ambani family often visits religious places in India.

25.10 / 08:25

UPS CEO Platform economy Tesla reports elon ‘Not just numbers', Elon Musk goes emotional on Tesla earnings call; Analysts call him ‘little baby’

earnings call. A question about production delays triggered Musk's meltdown, according to a report published by The Times of India. He said, “People don't understand the blood, sweat, and tears that go into making these revolutionary products.

25.10 / 07:55

Microsoft CEO Mobile Inside Microsoft CEO Satya Nadella goes on record to admit killing Windows phone, mobile was a mistake

Microsoft, under the leadership of its various CEOs, made significant mistakes in the mobile phone industry. The company’s co-founder Bill Gates once admitted that it was a big mistake to let Google’s Android beat them in the mobile market. The former CEO Steve Ballmer focused too much on their own mobile system and didn’t take Apple’s iPhone seriously enough. Now, the company’s CEO, Satya Nadella, has gone on record to admit that writing off the company’s mobile phone business was a mistake.

25.10 / 07:55

Provident CEO performer information New Fund Offer: Bajaj Finserv Banking and PSU Fund; check details

Bajaj Finserv Asset Management has launched its fourth fixed-income investment product – Bajaj Finserv Banking and PSU Fund. It is an open-ended debt scheme investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds with relatively high-interest rate risk and moderate credit risk.

25.10 / 07:27

COST Lowe's Target CEO reports Low end Dulux owner Akzo sees core earnings towards low end of forecasts

(Reuters) -Dutch paints and coatings maker Akzo Nobel (OTC:AKZOY) has set out a plan to save costs and improve supply chain efficiency, after forecasting full-year core earnings towards the lower end of its previous forecast due to lower than expected volumes.

25.10 / 07:25

CEO Experts Bajaj Finserv Mutual Fund launches Bajaj Finserv Banking and PSU Fund

Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Banking and PSU Fund, an open-ended debt scheme investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds with relatively high interest rate risk and moderate credit risk. New Fund Offer of the scheme is open and it will close on November 6. The fund will be jointly managed by Siddharth Chaudhary, Senior Fund Manager- Fixed Income and Nimesh Chandan, CIO.

25.10 / 07:05

COST Target CEO track country Reckitt misses like-for-like sales expectations, will start $1.2 billion buyback

LONDON (Reuters) — Reckitt, maker of Dettol and Lysol cleaning products, on Wednesday missed third-quarter like-for-like sales expectations despite raising product prices to help offset rising raw material costs, as some shoppers refused to pay more.

25.10 / 06:42

Citi Manufacturing CEO electronic reports Demand for warehouse could reach a five-year high in 2023: Report

CBRE, the Industrial & Logistics (I&L) sector is likely to touch a 5-year high absorption mark and touch 36 – 38 million sq ft in 2023 across the top 8 cities in India. “With the surge in quality supply additions, robust festive demand, and the completion of pent-up projects, we anticipate the overall absorption to touch a 5-year high, reaching an impressive 36-38 million square feet by the end of 2023. The active participation of larger developers backed by institutional funds, contributing around 40% to the completed projects, underscores the sector's growth potential,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.

25.10 / 06:42

Progressive CEO country Garuda Aerospace raises Rs 25 crore from Venture Catalysts, WeFounderCircle, others

WeFounderCircle. Other investors include Hems Angels, San Angels, Peaceful progress funds.

25.10 / 06:11

COST UPS CEO Strategy reports Q3 Deutsche Bank Q3 profit falls 8%, but more optimistic on revenue

By Tom Sims and Frank Siebelt

25.10 / 06:05

CEO reports guidance Beiersdorf raises 2023 sales guidance on strong 9-month results

BERLIN (Reuters) -Nivea maker Beiersdorf raised its full-year sales guidance on Wednesday, as it reported a 11.2% hike in organic group sales in the first nine months, driven by its consumer business unit.

25.10 / 05:55

Provident CEO Healthcare hospital 2020 Navis Capital’s Device Tech rules off $400m debt deal

Pan-Asian private equity firm Navis Capital’s Device Technologies has hauled in $400 million from debt capital markets to refinance existing facilities and – more importantly – to bankroll its M&A ambitions.

25.10 / 05:55

Target CEO awards STI reports recommendations Tabcorp hit with strike over ‘excessive’ pay

Wagering giant Tabcorp was hit with a 34 per cent protest vote over executive pay on Wednesday, after it attempted to reward its CEO despite challenging market conditions and a reduction in the size of the company after spinning-off The Lottery Corporation.

25.10 / 05:51

CEO Citigroup President country reports shock recommendations Kotak Mahindra Bank's new outsider CEO Ashok Vaswani seen as break from billionaire founder

Reserve Bank of India backed an outsider with little experience in the country to lead Kotak Mahindra Bank Ltd., surprising analysts and senior management and sending its stock falling. In a rare move for an Indian lender, Kotak went outside its own ranks with the selection of Ashok Vaswani as chief executive officer. Some senior managers were shocked and disappointed, as investment banker K.V.S Manian was seen as the front runner, according to people familiar with the matter.

25.10 / 05:43

UPS CEO Metro Loblaw information reports Grocery CEOs called back to Ottawa to share how they’re stabilizing prices

Canada’s biggest grocery store CEOs are going to be called back to Parliament, and this time MPs want them to explain how they are stabilizing food prices.

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