CEO Financial News

The chief executive officer of a firm hired by New York City to house and care for hundreds of migrants has resigned abruptly

Norfolk Southern's CEO pledged to continue working to improve safety after the consultant the railroad hired after the fiery Ohio derailment in February recommended making sure that safety is truly a priority at all levels and continuing many of the ef...

Jupiter Life Line Hospitals will debut on the exchanges on Monday. Ahead of the listing, the company's shares are commanding a premium of Rs 233 in the unlisted market. The IPO was priced in the range of Rs 695-735. Considering the upper price band, the stock is expected to list at a premium of about 32%. The Rs 869-crore IPO of Jupiter Life Line Hospitals was subscribed 63.72 times on the last day of bidding, led by massive demand from QIB whose category was subscribed 187 times. The company aims to be debt-free post the IPO.

campus hiring from the Class of 2024 compared to last year, as a lack of visibility amid a prolonged funding crunch, layoffs and various other belt-tightening measures are prompting companies to narrow their hiring funnel, said recruiting managers and investors. Campus hiring by startups in 2023 (from Class of 2024) will see a near 35% decline, according to a survey commissioned by ET to Ciel HR Services. The findings were based on responses from 75 startups and ecommerce firms employing more than 360,000 employees.

Artificial Intelligence is transforming Slack, the widely used workplace messaging platform, its CEO said just nine months after taking on one of the most high-profile jobs in Silicon Valley. Lidiane Jones was handed the reins to Slack after the departure of its cofounder and CEO Stewart Butterfield who exited two years after his company's acquisition by Salesforce, the San Francisco-based enterprise software giant.

Does insight and knowledge follow age and experience alone? Corporate India is challenging this stereotype.Faced with the widest generational spread of employees from Baby Boomers to Gen Zs-necessitating a fresh approach to work- companies have once again turned the spotlight on reverse mentoring, a practice that was initially popularised in the late-1990s by then General Electric CEO Jack Welch by pairing senior employees with juniors to learn

solar panels. It was backed by UK Export Finance (UKEF), the UK government's export credit agency, with a GBP 475,000 guarantee issued under its Bond Support Scheme that helped secure the order, according to the report. “Building on our existing export successes, support from Lloyds Banks and UKEF helped us to secure this latest growth opportunity and further develop our established international presence.

BBC quoted Russell Brand as saying in the video. "These allegations pertain to the time when I was working in the mainstream, when I was in the newspapers all the time when I was in the movies, and as I've written about extensively in my books I was very, very promiscuous.

Exxon Mobil, Chevron, Shell, and BP have successfully adapted to countless societal changes over the last century — war, nationalisations, even the climate movement. But a major hurdle remains: Big oil has yet to appoint its first-ever female chief executive — something BP could soon change. This week, the 114-year old British oil company parted ways with its CEO Bernard Looney after multiple investigations found he failed to disclose several workplace relationships.

By David Shepardson

(Reuters) -SoftBank is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday.

Mundra, Gujarat, according to a top company official. Gas Recovery and Recycle Limited (GR2L), an MSME (micro small and medium enterprise) business in Surrey, claims to have developed, patented and exported cutting-edge technology to reduce the energy consumption, carbon footprint and cost of manufacturing solar panels.

Ashok Leyland has signed an agreement with the Uttar Pradesh Government for setting up a greenfield plant that will make electric buses, the company said in a statement. The Hinduja Group flagship will invest Rs1000 crore into the facility over the next few years, it said.

Velocity has laid off around 14% of its workforce, the Bengaluru-based company's cofounder and chief executive Abhiroop Medhekar wrote in a blogpost on Friday. «Getting to profitability is an important priority for us and this restructuring is a crucial step in that direction. We’ve carefully restructured our organization to avoid redundancies,” he wrote.

₹25 for 5km and ₹50 for 10km, with plans for nationwide expansion. The company’s co-founder and CEO, Bhavish Aggarwal, shared on social media platform X, stating, “Restarting Ola Bike in Blr today. This time, all electric and our own S1 scooters." Bike taxi fares are established at ₹25 for a 5-kilometer ride and ₹50 for a 10-kilometer journey, as mentioned by Bhavish Aggarwal.

ED) Friday filed its prosecution complaint ( PC) in the alleged irregularities in awarding the covid field hospital contracts to Lifeline Hospital Management Services (LHMS). A PC is equivalent to a chargesheet filed by the police under CrPC. Earlier in July, the ED had arrested Sujit Patkar, a co-partner of LHMS who is also said to be a close aide of Shiv Sena leader (Uddhav Balasaheb Thackeray), Sanjay Raut, and Dr Kishore Bisure, dean of the jumbo covidfacility in Dahisar. According to the ED, LHMS was incorporated with a mere investment of Rs 12,500, received Rs 31.84 crores from the BMC for supply of medical staff to covid centres. The probe found that 50-60 percent of the medical staff, including doctors and paramedics, were non-existent.

dream companies where we want to work. But why are you more inclined towards these organisations? Is it simply because of a higher pay structure or because a job here aligns with your career vision? Let’s assume that you join one such company but later realise that this isn’t the right fit for you. You may wonder how this happened when you had thoroughly checked the company’s background and read employees’ reviews. It can lead to regret. Hormazd Mistry, CEO of ROI Institute India, which helps companies measure their projects and programmes, says regret often stems from a misalignment of expectations. When early career professionals find that a company's values, work culture or opportunities for growth don't align with their personal goals, they may question their decision to join the organisation. Hence, it's essential to address these concerns through transparent communication. “My experience shows that early career professionals are least likely to quit when their role aligns with their educational background and career aspirations,” he adds. Employees start getting a feeling of regret when there is a conflict between their personal values and the organisation’s culture, says Yadhu Kishore Nandikolla, Head of Human Resources, MassMutual India. Ascertaining alignment on these during the interview process is of vital importance. Taking an example from their hiring trends, Nandikolla says they are hiring early career individuals in technology/IT and operations roles. He states that early career professionals are very passionate, curious and willing to learn quickly. They are often very loyal to an organisation, and can be retained for longer if they are trained in cutting-edge technology stack roles.

Indian Bank on Saturday announced roll out of 'IB SAATHI' initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route. The IB Sustainable Access and Aligning Technology for Holistic Inclusion (SAATHI) offers an enhanced user experience through the simplified delivery of services, encompassing both basic and value-added offerings to customers. The bank's Managing Director and CEO S L Jain launched the initiative at their corporate office, a press release said. Indian Bank, with the launch of the scheme, seeks to provide basic banking services at all centres for a minimum of four hours per day at fixed branches while the Banking Correspondents would extend their services directly at the doorsteps of the customers.

leadership in developing the futuristic city. Along with admiration for Nadhmi Al Nasr, whom he fondly called as ‘No-Nonsense Nadhmi’, Anand Mahindra also shared a glimpse of the ambitious project.

An organization representing investment advisors is pushing the SEC to calibrate its regulations so that they don’t pose an outsize burden for small advisors.

Enterprise software firm Ramco Systems is considering entering the defence sector in India in the maintenance, repair and overhaul (MRO) segment, newly appointed CEO Sundar Subramanian told ET in an exclusive interview.“We are interested in the Indian defence sector and are talking to government defence establishments,” he said.