CEO Financial News

JPMorgan’s equities desk was looking for buyers for $165 million worth of Ingenia Communities Group after the market closed on Thursday, representing about 10 per cent of the company.

Home prices should remain relatively stable throughout the rest of the year, according to Royal LePage, which is downgrading its end-of-year forecast amid slower real estate activity and high rates of borrowing.

Artificial intelligence might be driving concerns over people's job security — but a new wave of jobs are being created that focus solely on reviewing the inputs and outputs of next-generation AI models.

LONDON — Former Barclays CEO Jes Staley on Thursday was fined and banned from holding any position of influence in the U.K. financial services industry for misleading the regulator over his relationship with sex offender Jeffrey Epstein.

₹38,994 crore for the just-ended quarter. Infosys has also declared an interim dividend of ₹18 per equity share carrying a face value of ₹5 each.

The best time to buy real estate was 20 years ago. The second-best time is today. —Warren Buffett International investment guru Buffett’s quote holds true not just for the baby boomers but millennials as well.

Adam Mosseri stated that Threads has no intentions of actively promoting hard news or political content on its platform. He reiterated this stance during a recent Instagram creator event, as reported by TechCrunch. Mosseri emphasized the platform's commitment to empowering creators without leaning heavily into news, clarifying that they are not against news content.

Priyank Kharge on Thursday sought to play down the US chipmaker Micron Technology's investment in Gujarat as a «scripted story of success» by the western state. The US multinational has pledged the largest investment under the Indian Semiconductor Mission (ISM) of $ 2.75 billion to set up an assembly, testing, marking and packaging (ATMP)plant in Gujarat. Kharge, addressing a media conference, wondered if anything significant in terms of investment was coming from Micron Technology. The governments of India and Gujarat were making the lion's share of investments.

Wipro Pari, the industrial automation business of Wipro Enterprises, announced it has signed a definitive agreement to acquire a significant majority share capital of Ferretto Automation and Services, a subsidiary of Ferretto Group based in San Polo — Reggio Emilia, Italy. Ferretto Group continues to hold a minority participation in the project; Riccardo Ferretto will be the chairman and managing director of the new company and will be responsible for the overall business activities. “Our industrial automation business has grown significantly in the last five years. We are already an acknowledged market leader in providing turnkey automation solutions for global automotive OEMs specifically in the emerging BEV – Battery Electric Vehicles and HFCV – Hydrogen Fuel Cell Vehicles.

real estate market, staying ahead of the curve is vital for investors looking to make informed decisions. The Indian real estate sector has experienced profound transformations over the past few decades.

As artificial intelligence makes advances in all industries, one company has announced a flagship AI-driven product that will help financial firms with compliance protocols.

Haldia Petrochemicals Ltd (HPL) will invest Rs 3,000 crore to set up new plants in West Bengal, a company spokesperson said on Thursday. It will build the first on-purpose propylene plant and a phenol unit at its existing manufacturing facility at Haldia, and both the projects are expected to be completed by the first quarter of 2026, he said.

By Rajesh Kumar Singh

Battery-swapping solutions provider SUN Mobility on Thursday said it has partnered with electric vehicle fleet operator Bluwheelz to deploy over 16,000 EVs in the next 12 months. Under the partnership, the companies are looking to deploy over 15,000 electric two-wheelers and 1,000 electric three-wheelers in all metropolitan cities through the next 12 months, SUN Mobility said in a statement.

Tata Starbucks has opened its island store surrounded by the vistas of Arabian Sea in the coastal town of Alibaug in an attempt to serve high-quality Arabica coffees to local customers and meet the demand from global travellers to the city, the JV announced on Thursday. Located at a vantage spot at the M2M Ferry Terminal in Alibaug, the new store will present Starbucks coffees sourced and brewed from around the world, the coffeehouse said in a release, adding that its menu will also feature favourite Indian beverages including South Indian Filter Coffee, Masala Chai, and Elaichi Chai. The seaside town has had tremendous growth in both infrastructure and economic development over the years, making it a popular weekend retreat and more so like a second home for the Mumbaikars.

UFC and the U.S. Anti-Doping Agency is coming to an end, which could mean that Conor McGregor will be back in the octagon sooner than anticipated. USADA CEO Travis Tygart on Wednesday made a pair of announcements in a statement regarding his agency's relationship with the UFC.

By Sabrina Valle and David French

By Tim Hepher

Is Exxon Mobil CEO Darren Woods seeking protection from President Biden? On Wednesday the oil and gas giant struck a $59.5 billion deal to buy Pioneer Natural Resources. The way to read the deal is as a bet on U.S. shale fracking and hedge against the left’s anti-fossil fuels policies.

Systematic investment plan (SIP) contributions crossed the Rs 16,000-crore mark for the first time, in September, shows data from the Association of Mutual Funds in India (AMFI).

Systematic Investment Plans (SIPs) hit a fresh all-time high of Rs.16,042 crore in September 2023. The growth in Net Assets under Management (AUM) was flat, with AUM at Rs.46.58 lakh crore. SIP AUM stood at Rs.8.70 lakh crore, against Rs.8.47 lakh crore in the previous month, according to AMFI’s monthly data.