CEO Financial News

Alan Joyce could be paid $23.6 million for his last year at Qantas, but the airline says some $10 million in bonuses for its former chief executive are up in the air as it grapples with shareholder anger and allegations it wrongly sold thousands of tickets on flights it had already decided to cancel.

Newly launched budget carrier Akasa Air has been forced to reduce flights amid a spate of resignations. CEO Vinay Dube told employees in an email late on Tuesday that the airline would give up market share in the short term to ensure stable operations.

BNB, Dogecoin, and Litecoin were trading with cuts. Bitcoin (BTC) rose 0.92% to $27,044, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.62% in the last 24 hours. «Bitcoin's price has surged beyond the $27,000 threshold, and this upward trajectory could likely be attributed to Nomura, one of Japan's leading investment banks, unveiling a Bitcoin-based fund designed for institutional investors,» said Edul Patel, CEO & Co-founder of Mudrex. Market sentiment currently varies from neutral to bullish as market participants await the Federal Reserve's FOMC decision regarding interest rates, set to be announced later today, Edul said.

Semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming more significant over time for Intel, the company’s chief executive officer Pat Gelsinger said. “With our footprints in Malaysia and the vast supply chains in China and Taiwan, and areas like Vietnam, Indonesia, and India are now becoming more significant. As these projects start coming online with their manufacturing capabilities, we will have a robust Americas supply chain, and robust supply chain in Europe and Asia,” Gelsinger said, responding to a question from ET.

Origin Energy co-suitor EIG Partners has offered an undertaking to the competition regulator that it would not share sensitive information about LNG marketing as the bidders take extra steps to ease the watchdog’s worries about the proposed $18.7 billion takeover.

Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried's parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars

Crypto influencer Ben Armstrong, who was recently ousted from the company he created, claimed he has been receiving death threats from Hit Network.

Zee Entertainment Enterprises Ltd. (ZEEL) will be delisted from FTSE Global Equity indices following its merger with Sony Entertainment India. ZEE will be replaced by Culver Max Entertainment, which is Sony Pictures Networks India.

(Reuters) — Australia's Qantas Airways said on Wednesday it would pay Alan Joyce, its former CEO who retired earlier this month, a remuneration of A$21.4 million ($13.8 million) for fiscal 2023, a near 10-fold jump from last year.

Apoorva Mehta is checking out with a $1.1 billion fortune following the grocery-delivery company’s initial public offering. Mehta, 37, who stepped down as chief executive officer in August 2021, relinquished his board position as executive chairman as part of the IPO proceedings to current CEO Fidji Simo, a former Meta Platforms Inc. executive. The transition marks the end of Mehta’s 11-year tenure with the company he co-founded in 2012.

In an interview to ET Now, Kiran Mazumdar-Shaw, chairperson, Biocon, talks about the likely KRAs of new Group CEO Peter Bains. Excerpts below (edited for clarity):ET Now: Can You give us an idea of the KRAs for Peter Bains? What is going to be the immediate priority, and what kind of value creation are you trying to achieve with this appointment?Kiran Mazumdar-Shaw: Every one of our individual businesses is at an inflection point of high growth. We believe that this is an opportunity for us to create premium growth at a group level. That is what I think this strategy is all about.

Economic Times. As per the report, this comes as a result of various factors including rising aspirations for a foreign education and career, an increase in applicants from Tier 2 and Tier 3 cities.

Nevertheless, any possible nuclear fuel solutions for ships are at least 10 years away they added.Shipping accounts for nearly 3% of global CO2 emissions and the industry is under pressure from investors and environmentalists to find cleaner fuel solutions, which include ammonia, methanol and wind. Nuclear energy has been used in the past to power military submarines and icebreakers, although its use by merchant ships has been constrained partly by the cost, but also due wariness by insurers of providing cover for ships going into commercial ports without more understanding of the risks involved. A survey in May by the International Chamber of Shipping association said nuclear fuel was being viewed with more interest than in 2021, with some seeing nuclear-powered commercial ships being viable within the next decade. Small and mass-produced reactors, which are envisaged to be fitted onboard ships, are less powerful and consume less nuclear fuel than traditional nuclear sites. «The development of the fourth modular nuclear reactors generation is paving the way for possible future applications on board of ships,» a spokesperson with Italy-based shipbuilder Fincantieri said, referring to the smaller nuclear plants. «At the moment, several technology providers are dealing with manufacturing of prototypes, the development processes of which are at different levels of maturity, envisaging more or less a decade before completing proof of concepts.» Fincantieri was «interested in following the evolution of these technologies which may result in significant contribution to the decarbonisation of ships related to our core business», which is cruise liners, naval ships and specialised vessels, the spokesperson added. Italy's RINA,

market capitalization to more than $1 trillion. Intel Inc. does not want to be left behind in the AI race, as was evident during the Intel Innovation 2023 event that began on 19 September in San Jose, California.

Actor and philanthropist Michael J

A federal appeals court in Manhattan seems unreceptive to arguments that FTX founder Sam Bankman-Fried should be released before his trial starts in two weeks

By David Shepardson

KMD Brands, which owns the Kathmandu outdoor clothing brand and surfwear business Rip Curl, says overall sales slipped by 6.4 per cent in August as households cut back on spending and warm weather reduced demand for puffer jackets.

Tesla Tuesday to detail its relationship with Chinese battery manufacturer CATL amid concerns electric vehicle subsidies are flowing to foreign entities raising security concerns. The chair of the House Ways and Means Committee, Representative Jason Smith, asked Tesla CEO Elon Musk in a letter if the EV maker has contracts with CATL or is considering contracts. Smith said the committee is concerned CATL «may be trying to negotiate other agreements like the agreement with Ford.»

HDFC BankThe Reserve Bank of India has approved the reappointment of Sashidhar Jagdishan as MD and CEO of the lender till October 26, 2026.Torrent Pharma, CiplaTorrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, Reuters reported.Read more: Here's the trading setup for today's sessionRILReliance Industries' arm Reliance Jio launched JioAirFiber services, its integrated end-to-end solution for home entertainment, smart home services and high-speed broadband, across 8 metro cities.BioconBiocon's Board has approved the appointment of Peter Bains as the Group CEO, with effect from September 18, 2023. He will be reporting directly to Group Chairperson Kiran Mazumdar-Shaw.Union Bank Of IndiaThe union government has extended Nitesh Ranjan's term as Executive Director of the bank for a further period of two years.Tata MotorsTata Motors announced that it will increase prices of its vehicles, effective 1 October 2023, up to 3%.NBCCNBCC was awarded a work order worth Rs 150 crore, which includes repair and renovation of KVIC Properties Pan India.LTIMindtree LTIMindtree has launched Testing as a Service for Oracle SaaS.

IPO listing date has been fixed on 20th September 2023. As per the BSE notice, "effective from Wednesday, September 20, 2023, the equity shares of R R KABEL LIMITED shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." RR Kabel IPO listing price would become available at 10:00 AM during Wednesday deals in special pre-open session. According to stock market experts, RR Kabel IPO received moderate response from investors in categories other than QIB.