CEO Financial News

Pre-pandemic trends indicate that the travel and tourism sector experienced a robust 16 per cent growth in 2019, however, with the pandemic-related disruptions, travel restrictions and lockdowns, there was a 47 per cent fall in job postings in 2020 and 27 per cent dip in 2021. While the industry began to bounce back with a marginal 3 per cent growth in hiring in 2022, it has dramatically recovered this year, as people regained confidence in travel, the report stated. The foundit report is based on the data as of August 2023.

Tata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Company Limited, will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for TP Solar’s new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli, Tamil Nadu. The captive plant will help generate 101 million units of electricity and offset around 72,000 metric tonnes of CO2 emissions annually. The solar project will be commissioned 12 months from the signing of the Project Development Agreement (PDA). TPREL has established TP Govardhan Creatives Limited, a specialized entity entrusted with the development, operation, and upkeep of this facility for TP Solar Ltd. TP Solar’s manufacturing plant is expected to start commercial production of cells and modules by FY 24-25.

Former Chrysler CEO Bob Nardelli discusses the ongoing negotiation talks between the UAW and the Big Three automakers on 'The Claman Countdown.'

The following is a statement by PwC Australia chief executive Kevin Burrowes released in conjunction with the report of Ziggy Switkowski into governance issues at the firm exposed by the tax leaks scandal:

Construction has stopped on an interstate rail hub in southwest Sydney that is supposed to get freight off trucks on to trains after logistics group Qube scrapped a $140 million construction contract signed a year ago with Martinus Rail.

At least six former PwC Australia partners including international tax chief Peter Collins were involved in leaking confidential information from Treasury, the Tax Office and the Board of Taxation to colleagues and clients, legal reports prepared for the big four firm have concluded.

₹143 crore owned by Nandakumar following raids conducted as part of a money laundering investigation.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) While the travel and tourism sector began to bounce back with a marginal 3% hiring upswing in 2022, it dramatically recovered this year. According to foundit, "The optimistic growth can be attributed to increased disposable incomes and higher spending on leisure and business travel in the country".

NSE) said it has sought Sebi's approval to add another evening session from 6-9 pm. While longer trading hours mean more revenue for exchanges due to increase in volumes, derivative traders fear that their work-life balance may go for a toss. «Prima facie an average F&O trader, is less likely to warm up to the idea of the evening session as it eats into one’s personal time and space, which is essential for research and planning or more importantly time off the market for recharge and introspection,» said Anand James, Chief Market Strategist at Geojit Financial Services. NSE wants to extend trading hours in a gradual manner, depending on the feedback from market participants, including FIIs and brokers. As of now, there are no plans to tweak the timings of the cash segment as the second session would be meant only for index future and options. The exchange's rationale is that the extension will give traders a chance to react to global events.

Tata Play has ventured out of India with a white label solution for global OTT aggregators, starting with a project collaboration with Philippines’ leading Pay-Tv provider Cignal TV. India’s leading content distribution platform today launched the Tata Play Binge PaaS for OTT aggregators across the globe, enabling Tata Play to provide end-to-end development and deployment opportunities. «Apart from providing the software architecture, our partner companies will also benefit from Tata Play’s learnings over the years in areas of forging commercial partnerships, recommendation engine, subscription management, analytics, and much more. With the launch of this enterprise solution, we have now created a unique OTT content aggregation and distribution ecosystem,” said Harit Nagpal, Managing Director & CEO of Tata Play. Coming from the house of conglomerate Tata group, Tata Play Binge is an OTT aggregation service that brings content from more than 26 apps in one app. The promoter company now focuses on tying up with various OTT partners and acquiring subscribers in the overseas market.

Flipkart, Blaupunkt, has introduced its newest entry into the television market, which is 43-inch QLED & 55-inch 4K Google TV. The newly launched TVs start at a price of Rs 28,999 while the 55-inch Google TV model is available at Rs. 34,999. The sale of Blaupunkt's 55 and 65-inch TVs has seen an astounding 300% jump in sales over the last year. The launch in exclusive collaboration with Flipkart took place on Wednesday.

CBRE. Bangalore, Delhi-NCR and Mumbai are among the top 3 cities spearheading green-compliant office spaces with a cumulative share of 68% of the total, green-certified office stock in India.

rupee ended 8 paise lower at 83.23 a dollar. The rupee hit its record level of 83.29 in October 2022. Also Read: India could be the largest beneficiary: JPMorgan CEO explains why as companies look options beyond China Asian currencies were mostly weaker with the Korean won leading losses.

Elon Musk has cautioned that if the United Auto Workers (UAW) union's demands for higher wages are met, traditional automakers like General Motors, Ford, and Stellantis could “drive GM, Ford and Chrysler bankrupt in the fast lane". The warning from the Tesla CEO comes amid a UAW strike against Detroit's Big Three automakers—GM, Ford, and Stellantis NV, the producers of Jeep, Chrysler, and Dodge vehicles. Patrick Kaser, a portfolio manager for Brandywine Global, also expressed similar concerns last week, suggesting that these companies could suffer significant competitive setbacks.

JPMorgan for Asia Pacific, highlighted the growing enthusiasm for the "China plus one" approach among businesses. He emphasised that India, among other nations, stands to reap substantial benefits from this strategy, potentially emerging as the primary beneficiary.

The report by former Telstra chief Ziggy Switkowski into the PwC leaks scandal identified a “shadow culture”, which was one consequence of its drive to be the biggest of the big four with the best-paid partners. Here are some key quotes from the report released on Wednesday.

A scathing report into PwC Australia has blamed a “shadow” culture which tolerated bad behaviour in the pursuit of profit “growth at all costs” and lack of governance that “went unexamined and uncorrected for many years” that led to the firm’s tax leaks scandal.

Qatar Airways says it was “surprised and shocked” that an application to lift services to Australia was rejected by the Albanese government, and told a senate inquiry it did not believe it had been given good reasons the decision.

Netapp expects the Indian market to accelerate and become the data storage firm’s largest market in Asia in the next three to five years from the top three position currently. This will be on the back of the country’s demographic and economic advantages, and Netapp's headroom to grow in this market, George Kurian, chief executive and member of the board of Netapp, told ET. Kerala-born Kurian, who became chief of the $6.36 billion company in 2015, is currently on a visit to India.

ETF provider Betashares is acquiring Bendigo Bank’s superannuation arm as part of its bid to take on the $3.5 trillion super sector and establish itself as a broader financial services outfit.

When the doors to the Boola Katitjin building opened at Murdoch University’s campus this February, it was a triumph for sustainable construction given its status as the largest mass engineered timber (MET) building in Western Australia.