CEO Financial News

Deloitte is set to cut more than 800 jobs in the UK in response to a slowdown in demand and an easing in the pace of workers choosing to leave, according to a source familiar with the matter.

Atul Suri, CEO, Marathon Trends, says “the whole PSU move is a decadal shift. There is a decadal shift in sectors and themes. Engineering, infra, construction never moved post 2008. So, when they move, they tend to be rather sticky. We have learnt this from the 2003-2008 period. A similar set of sectors were moving, similar themes were playing out and that was a phenomenal bull market and it kept surprising us. Ultimately, it lasted five years.”Who would have thought that PSUs would be where they are? It is at a record high for the PSU banking index. I know the majority of the indices are close to their record highs but are you surprised by this move?Yes, the surprise is the follow-up.

While touching tales of prison inmates forging bonds of sisterhood and found families being created behind bars are aplenty on screen ( remember the Netflix origins ‘Orange Is The New Black’?), a real-life tale of two infamous women navigating a tentative yet tender bond has hit headlines. Disgraced techpreneur Elizabeth Holmes (the founder and CEO of the now defunct blood testing company Theranos) and Jen Shah, the former cast member of the reality TV series ‘ The Real Housewives Of Salt Lake City’ have reportedly become thick as thieves while serving prison sentences. Shah’s representative Chris Giovanni told the magazine People that both women have bonded over their desire for rehabilitation and beginning their lives on a fresh start. “They’re friends. They’re both rehabilitating and have bonded over being on this journey of positive change. Their situations brought them together, and they have a good understanding of one another. They’re getting through it together,” he told the magazine. According toPeople, Shah has taken on the role of a mentor to the former entrepreneur. “Jen’s given her a lot of advice. She’s even met Elizabeth’s baby and held her,” revealed Giovanni. The TV personality has also influenced Holmes to be more fitness conscious. Holmes has reportedly signed up for Shah’s fitness classes called ‘Sha-mazing Abs’. “Jen gets all the ladies together and they rally behind her while she teaches them fitness moves, and Elizabeth has been there right along with them,” revealed her rep.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

In addition to ensuring the safety of tap or well water, it's equally important to verify the purity of packaged drinking water. Bottled water is a convenient choice for many, but not all brands are created equal. Here's how you can assess the quality of packaged water:Examine the Label: Start by carefully inspecting the label on the water bottle.

EarnKaro also provides an avenue for this. Born out of its parent company CashKaro in 2019, EarnKaro enables users to earn a commission every time someone buys something from the user’s Earnkaro links. Founded by Swati Bhargava and Rohan Bhargava, EarnKaro lets users generate a “profit link” from a product deal from any e-commerce sites — Amazon, Flipkart, Myntra, etc. The users can share this link with their friends and family.

Jupiter Life Line Hospitals debuted at a premium of 32.4% over its IPO price at Rs 973 apiece on NSE in Monday's trade. The stock, meanwhile, listed at Rs 960 on BSE, up 30.6%, over the issue price of Rs 735. Ahead of the listing, the stock traded at a premium of Rs 233 in the unlisted market. The Rs 869-crore IPO of Jupiter Life Line Hospitals was subscribed 63.72 times on the last day of the bidding process, led by massive demand from QIBs whose category was subscribed 187 times. The issue, which comprised fresh equity of Rs 542 crore and an OFS of 4.45 million equity shares, was priced in the range of Rs 695-735. The company aims to be debt-free post the IPO.

Jupiter Hospital IPO: Listing date of the initial public offering of Jupiter Life Line Hospitals Limited has been fixed on 18th September 2023 i.e. today. As per the BSE notice, effective from Monday, September 18, 2023, the equity shares of Jupiter Life Line Hospitals Limited shall be listed and admitted to dealings on the NSE and BSE in the list of 'B' group of securities.

data center major Colt DCS is looking to invest over $1.3 billion in India to develop hyperscale and enterprise solution data center campuses over the next 3-4 years, said a top official of the company. The London-headquartered company is looking to develop two campuses including one in Mumbai region and one in Chennai as per its India growth plan to begin with and in other key cities of the country in the years to come. For the Mumbai region project, the investment amounts to $115 million in the first phase, and the overall estimated investment for this campus stands at around $750 million. «Colt DCS' entry into the Indian market reaffirms our commitment to become the leading customer-centric data centre operator in the industry. Our strategic expansion is only set to continue with new sites expected across the country as we look to provide high quality data centre services,” Niclas Sanfridsson, CEO, Colt DCS, told ET. In Navi Mumbai’s Airoli locality, the company is setting up a 120 MW hyperscale data center spread over 15 acres.

Brisbane-based battery company Redflow has won a $4.38 million deal with the United States Department of Defense to repower a solar microgrid at an airbase in New York state, in what it hopes will be a string of lucrative deals at their bases around the world.

Given strong economic fundamentals, India's sovereign rating should be much higher than what it is, although more needs to be done to convert the burgeoning global interest in the country into actual investment, Kaushik Shaparia, CEO of Deutsche Bank Group, India, told Bhaskar Dutta and MC Govardhana Rangan in an interview. Edited excerpts:Fund flows seem to be favouring India, valuations notwithstanding. What is happening in the economy or the financial markets to have drawn so much attention? I am of the view that India should not rest on its laurels.

DLF plans to enter the wellness segment with the launch of 'Thrive' brand of fitness centres across its office complexes and shopping malls, said a senior executive at the property developer. The company has opened a fitness centre in Cyber Park, Gurugram, and plans to open a similar one in Chennai. «These will be company owned and operated centres and we plan to open 3-4 more centres by next year.

Turns out Perpetual’s decision to part ways with Pendal’s head of global equities Ashley Pittard and tech portfolio manager Thomas Rice was the tip of the iceberg.

independent director of private sector Dhanlaxmi Bank has resigned from the bank's board citing factionaism on the board as well as unethical conduct of the bank's businesses which includes misusing the one-time settlement mechanism for bad loan resolution. The director, Sridhar Kalyanasundaram, who was appointed to the board in December last year, wrote a tell-all resignation letter to the board detailing his differences regarding rights issue of shares, complained of lack of support from other board members and raised concerns over their ‘lack of in depth banking knowledge’. He has also pointed fingers at Reserve Bank of Indias' nominee director for overlooking the alleged bad loan settlement irregularities. «I was having little or no support from the other members of the board on thevarious issues affecting the bank — mainly due to lack of depth of knowledge in banking and also due to the factionalism in the board,» he wrote.

Zee Entertainment Enterprises Ltd. The non-bank lender moved the National Company Law Appellate Tribunal (NCLAT) on 14 September against NCLT’s 10 August order approving the deal. “The adjudicating authority (NCLT) has failed to appreciate that the scheme is ex-facie illegal, unfair and unjust," said Axis Finance’s 43-page petition, a copy of which was seen by Mint.

Foxconn, Taiwan-based Apple supplier, has said that they are planning to double their investment and workforce in India within the next twelve months, according to V Lee' LinkedIn post on the occasion of Prime Minister Narendra Modi's 73rd birthday. Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.

Sridhar Kalyanasundaram one of the Independent Director of the Dhanlaxmi Bank, has resigned from the Board of Directors post of the Bank, as stated in a regulatory filing by the bank. The letter of resignation of Sridhar Kalyanasundaram,detailing his reasons for the resignation and stated that there has been instances where despite the value of the inputs given by the Independent Director , inputs have been deliberately negated / avoided / overruled by the other members of the Board, just to support the belligerent attitude of the MD & CEO of the Bank.

Larsen and Toubro, has sold out all the homes in the first phase of its maiden residential project in the city, the company said on Sunday. L&T Realty is engaged in the construction of Avinya Enclave in Manapakkam and the residential project is spread over seven acres. The first phase comprises four towers — 500 apartments with a mix of two, three and four-BHK residential units.

General Datatech (GDT) said it may start selling its products to clients in India in a couple of years. The company which runs operates out of Bengaluru in India currently serves only US clients. «While we don't do much business with Indian companies yet, our operations here contribute to about 30% of our global revenue,» group CEO Shawn O'Grady told ET. That may rise to 40% in the next couple of years, he added.

Signature Global, which is launching its maiden public issue on Wednesday, has achieved 32 per cent growth in its sales bookings to Rs 3,430.58 crore in the last fiscal year on strong housing demand. The Gurugram-based Signature Global, which focuses on affordable and mid-income housing segment, had clocked Rs 2,590 crore worth of sales bookings in the 2021-22 fiscal. The company, backed by HDFC Capital and IFC, will hit the capital market on September 20 with its IPO to raise Rs 730 crore.

President Joe Biden says he’s dispatching two of his top aides to Detroit to help resolve the strike by unionized autoworkers