CEO Financial News

For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J

United Nations COP28 climate talks called on oil and gas companies on Monday to be «central to the solution» to fighting climate change, even as the industry boosts its production to enjoy rising global energy prices. The call by Sultan al-Jaber highlights the gap between climate activists suspicious of his industry ties and his calls to drastically slash the world's emissions by nearly half in seven years to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) compared with pre-industrial times. «That is our North Star.

Tokenization is causing a significant shift in the traditional securitization process, according to Jenny Johnson, the CEO of asset management giant Franklin Templeton.

In this article

Airbnb to a feature that customers have long requested with a loyalty program. And in September, New York City vastly tightened its rules on short-term rentals, nearly squeezing Airbnb out of a market that in the early days represented roughly 80% of its business. Never mind the increasing strictness of return-to-office policies, which has hampered the flexibility that spurred Airbnb’s business in the pandemic years.

Sridhar Vembu, cofounder and CEO of software-as-a-service (SaaS) company Zoho, warned on Monday that the global economy is likely taking a turn for the worse, urging companies to exercise caution. In a post on X (formerly Twitter), Vembu said that Zoho has seen a slowdown in growth across geographies in September.

Chair Antoine Spillman said Zumbuehl has 'the right blend' of experience and operational expertise, as well as an 'in-depth knowledge' of GAM to lead the firm.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says from an economic news perspective, I do not see any surprises. We are in a festival season and this time we have a slightly elongated festival season with Diwali coming in around mid-November. That is good news from the consumer section, consumer durables and auto and housing sectors and that is good news for the markets. At the same time, the state assembly elections in key Hindi belt states will provide a little bit of a clue in terms of the next coming parliamentary election. While they will not have a significant impact because voters behave differently in parliament, the markets will be a bit sensitive if those elections do not go the way of the ruling party at the Centre. What is your view on the market? Right now we were cruising around that 20,000 mark headed for higher levels and then suddenly back to 19,500? Yes, it is just a reflection of stuff happening outside India in terms of oil prices strengthening as well as the US Fed being hawkish in terms of the interest rate outlook and their actions. These two tended to be a bit negative for emerging market flows and India especially is very sensitive to oil. We import 85% of our crude and hence any movement trend around oil makes a big impact.

Unchained, a prominent financial service provider for bitcoin holders, has unveiled a strategic partnership with Build Asset Management, the sponsor of Build Secured Income Fund I. This collaboration is set to focus on investments in Unchained loans.

Global consumer internet group Prosus (AEX and JSE Share Code: PRX) and its majority owner, Naspers Limited (JSE: NPN), have announced a significant change in their executive leadership. Bob van Dijk, who has been at the forefront as the CEO and Board member of both entities for a decade, is set to step down from his roles. Ervin Tu, currently serving as the Group Chief Investment Officer, will take on the mantle as the Interim CEO.

Dunzo, cofounder Dalvir Suri is leaving the embattled instant delivery startup, according to multiple people aware of the matter. His departure comes after discussions on the issue with cofounder and chief executive Kabeer Biswas over the last couple of months at least, they added. In recent weeks, Suri — who joined the Bengaluru startup as a cofounder six years ago — was closely involved in the company’s business-to-business delivery arm, Dunzo Merchant Services (DMS). The vertical had emerged as Dunzo’s core business driver as it scaled down consumer-facing operations across the seven geographies it was earlier present in.

The Economic Times Startup Awards on Saturday, October 7. The star-studded event in Bengaluru is set to host a galaxy of business leaders, entrepreneurs, investors and policymakers — marking the ninth edition of the country’s most coveted awards for entrepreneurial excellence.

Akash Tripathi is set to take over as CEO of the India Semiconductor Mission (ISM) from October 9, official sources said. The addition to his portfolio of duties was notified by the ministry of electronics and IT on September 22.

PwC paid for senior tax officer Jeremy Hirschhorn to fly to Paris to address the big four firm’s two-day global tax conference for clients and partners – at the height of the tax leaks scandal.

The Emirati president-designate for the upcoming United Nations COP28 climate conference has offered a full-throated defense of his nation hosting the talks

California won’t be giving unemployment checks to workers on strike

Pickleball tournament in Mumbai saw the highest number of participants at 470 and a record number of over 15 sponsors, including Skechers, Decathlon, Selkirk, Franklin, and Pickleball United. Pickleball, often described as a combination of tennis, ping-pong and badminton, has grown nearly 40% in the last three years — making it America's fastest-growing sport. A relatively new and emerging sport in India, it is gaining popularity across age brackets and among CEOs.

Indian corporate boards and their nomination and remuneration committees (NRCs) are poring over the compensation increases of CEOs at a time when macroeconomic headwinds, geopolitical risks, and stubborn inflation loom large on the horizon, senior board members and C-suite consultants told ET. In the last four quarters, an average of about 90 companies (per quarter) in the NSE 500 index have reported decline in revenue, while over 175 companies reported fall in net profit, according to an ET analysis. Compensation of several CEOs are coming under the scanner with a much stronger focus on linking the CEO's pay to company's performance, financials, and valuation (m-cap growth for listed companies), they said. «There may be a moderating influence on CEO salary even in companies where the performance is on a steady or „regular“ trajectory, besides in places where the company's performance has been poor,» said Shailesh Haribhakti, chairman of audit and accounting firm Haribhakti & Co, who is also an independent director with several Indian companies. «Far more due diligence is being applied when it comes to giving pay hikes to the CEO and his next in line,» said Naina Lal Kidwai, senior advisor, Rothschild & Co, and a non-executive director on several boards.

ESG is a failure and should be retired. His argument was based on the distinct metrics for environment, social and governance, claiming that they serve different needs. He's right, they do.

NEW DELHI : The credibility of the Canadian government’s allegations made regarding India’s involvement in the killing of a pro-Khalistan leader remains poor, said US India Strategic Partnership Forum (USISPF) CEO Mukesh Aghi. Aghi, who was at the UN General Assembly session, said the noise around Canada’s allegations had largely died down. In an interview, he stated that the US has chosen to remain largely silent on the allegations given its sizeable political and economic interests in India.

₹around 166 crore) to our creator community. In a move to retain more users on its platform, X started sharing ad revenue with creators from July this year. “Create.