CEO Financial News

By Anton Bridge

SHANGHAI — Chinese electric car brand Nio on Thursday released an Android smartphone, which the company expects at least half its users to buy, CEO William Li told CNBC in an exclusive interview ahead of the launch.

Adidas ended a major partnership with Ye over his statements, discontinued Ye’s line of Yeezy shoes and moved up the planned departure of its CEO. In a statement at that time, the company said it “does not tolerate antisemitism and any other sort of hate speech." It added: “Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness." Gulden struck a different tone on the investing podcast “In Good Company." “I think Kanye West is one of the most creative people in the world," Gulden said in an episode released Sept. 12.

EMS IPO: Listing date for the initial public offering (IPO) of EMS Limited has been fixed on 21st september 2023. As per the information available on BSE website, "...effective from Thursday, September 21, 2023, the equity shares of EMS LIMITED shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." So, EMS shares are going to debut on Dalal Street in special pre-open session during Thursday deals and EMS share price would become available for trade from 10:00 AM on Thursday session.

By Svea Herbst-Bayliss and Lananh Nguyen

Airbnb says it's cracking down on fake listings, which are emerging as a major problem for customers of the short-term rental site

Adidas CEO Bjørn Gulden said he doubts that Ye, the artist formerly known as Kanye West, “meant what he said” when he made a series of antisemitic and offensive remarks last year

John Grisham, Jodi Picoult and George R

None Trading, a trading tool catering to cryptocurrencies and non-fungible tokens on Discord will close its doors to customers.

New Delhi: Bengaluru-based fintech firm Perfios has acquired Chennai-based open finance platform Fego.ai, two people aware of the development told Mint. The discussions started during Global Fintech Fest 2023 in Mumbai recently. The deal was closed this week.

MUMBAI : Adani Green Energy Ltd, which is planning to raise $1.5 billion, may secure a big chunk of it from French energy giant TotalEnergies SE, two people aware of the matter said. The Gautam Adani-led group’s renewables firm will use $750 million of this amount to repay bonds. “Adani Green has got an approval to raise $1.5 billion this fiscal for capex and debt repayment.

MUMBAI : Byju’s has named Arjun Mohan as the chief executive officer (CEO) of its India operations, succeeding Mrinal Mohit, a founding employee of the Bengaluru-based edtech startup. Mohan assumes the role at a time when the embattled online tutor is trying to monetize non-core assets to repay loans. The group has put two of its businesses—reading platform Epic and higher education platform Great Learning—on the block to pay off a $1.2 billion loan raised in November 2021.

Now-bankrupt crypto custodian Prime Trust has notified employees of potential layoffs affecting 62 individuals within the next two months, according to Nevada's Department of Employment, Training & Rehabilitation.

RBI) to revise the regulatory framework (March 2022) for it and also caution it against an exclusive focus on business growth (November 2022). What remains in question, though, is whether RBI’s revised regulatory framework addresses the moral charge it seeks to impose on the industry. Thus, it wasn’t surprising for us to see the CEO of Sa-Dhan write an op-ed in April 2023 that spoke of some hurdles faced by microfinance institutions (MFI) in their search for growth.

India is among the 'priority' markets for WhatsApp Business Messaging and Meta wants to provide users with a choice when it comes to payments. The company has therefore opened up access to payments via WhatsApp Business messaging, allowing customers to pay businesses on the app with the UPI option of their liking in addition to debit and credit cards, Nikila Srinivasan, global vice-president, Business Messaging at Meta told ET on Wednesday. Earlier in the day, Meta CEO Mark Zuckerberg said Meta was expanding the ways that people can pay for things within a chat thread.

OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picault and «Game of Thrones» novelist George R.R. Martin, accusing the company of unlawfully training its popular artificial-intelligence based chatbot ChatGPT on their work. The proposed class-action lawsuit filed late on Tuesday by the Authors Guild joins several others from writers, source-code owners and visual artists against generative AI providers. In addition to Microsoft-backed OpenAI, similar lawsuits are pending against Meta Platforms and Stability AI over the data used to train their AI systems.

Oberoi Amarvilas, Agra, is the only Indian hotel to feature in the inaugural ranking of The World’s 50 Best Hotels 2023 list that recognises hospitality properties from 35 destinations across six continents worldwide. This highly anticipated list marks 50 Best's initial venture into the travel sector and their first global ranking release since introducing The World’s 50 Best Bars in 2009. The Oberoi property is located just 600 metres from the Taj Mahal. Commenting on Amarvilas’ selection in the list, Arjun Oberoi, Executive Chairman of The Oberoi Group, said, «We are honoured to be the sole representative of India on The World's 50 Best Hotels 2023 list. This recognition is a reflection of our relentless pursuit of perfection, the dedication of our team, and the timeless allure of The Oberoi Amarvilas, Agra.” Vikram Oberoi, CEO and MD of The Oberoi Group, added, „We are delighted to be included in the inaugural listing of the World's 50 Best Hotels 2023.

By Jonathan Stempel

By Helen Reid

Goldman Sachs is in advanced negotiations to divest its specialty lending unit, GreenSky, to a consortium of investment heavyweights, marking a significant pivot away from its brief foray into consumer lending.

ARK Invest CEO Cathie Wood said she did not participate in Arm's blockbuster initial public offering last week because she finds the British chip designer was overvalued relative to its competitive position.