CEO Financial News

United Auto Workers (UAW) President Shawn Fain conveyed his dissatisfaction on Wednesday, emphasizing that the offers from the automotive companies were insufficient, and the union is preparing for a potential strike.

Bonza chief executive Tim Jordan says politicians need to be willing to tackle the Australian airline duopoly by overhauling Sydney Airport, arguing slot hoarding is a drag on Australia’s productivity.

Catching up with the wave of regulatory attention to artificial intelligence (AI), Brazil gets its work plan to discuss, analyze and, if necessary, amend the bill on AI regulation. 

ANZ CEO Shayne Elliott said banks have plenty of capital to fund the energy transition and are more likely to deploy it if the federal government lays down a “coherent” and “co-ordinated approach” on policies seeking to push the economy towards hitting the nation’s climate targets.

Startup Thamizha,' a Tamil Startup reality show. As per a TOI report, taking inspiration from globally renowned shows like Shark Tank, which have significantly contributed to raising awareness about the startup ecosystem at both the national and international levels, Startup Tamizha aims to replicate this success within the state. This reality television show, 'Startup Thamizha,' is designed to connect carefully selected startups with active investors while simultaneously promoting awareness about startups throughout Tamil Nadu. StartupTN has issued a public tender to appoint producers and creative teams responsible for the show's production. The formal launch of 'Startup Thamizha' is expected to take place on a leading television channel soon.

Sun Pharmaceutical Industries on Thursday said one of its wholly-owned subsidiary unit has tied up with US-based Pharmazz Inc to commercialise a drug used to treat cerebral ischemic stroke in India. One of the company's wholly-owned subsidiaries has entered into a license agreement with the US-based biopharmaceutical company to commercialise a first-in-class innovative drug, Tyvalzi, in the country, the Mumbai-based drug major said in a statement. Developed by Pharmazz for potential global use, Sovateltide, is indicated for treating cerebral ischemic stroke.

Sensex today scaled a new all-time peak of 67,771 by beating the last high of 67,619 touched on July 20 this year, PSU stock NTPC has turned out to be the best performer in the last two months with a 23% return. Other top Sensex gainers during the period are L&T (17%), Tata Steel (11%), HCL Technologies (10%), Titan Company (9%) and Maruti Suzuki (7%). On the other hand, shares of ITC, which had recently announced the demerger of its hotels business, is down about 8%. Other losers include HUL, Asian Paints and Kotak Mahindra Bank which are down about 7% each. Heavyweight Reliance Industries, which has demerged Jio Financial Services into a separate listed entity, has lost over 6% since Sensex's last peak. Amid solid buying by domestic institutional and retail investors, India has become one of the best performing global markets in September by rallying around 4.2%. While many investors are expressing concerns around valuations, analysts find the valuations of bank stocks fair. «Strength in banking stocks can impart resilience to the market even though the overall market valuations are slowly rising beyond comfort levels,» said Dr.

SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company's most valuable asset: chip designer Arm Holdings. Arm's blockbuster initial public offering (IPO) was oversubscribed by 12 times, and could have been priced at $52 per share, above the indicated range of $47 to $51, people familiar with the matter said. But the bankers, who had huddled at the offices of SoftBank's financial advisor Raine Group, argued it was better to leave the additional $1 per share — equivalent to about $1 billion in value — on the table. They said doing so could yield a bigger pop when the stock debuts on Nasdaq on Thursday, projecting it could trade between $57 and $62 based on feedback from investors. Son accepted the banks' recommendation, valuing Arm at $54.5 billion on a fully diluted basis. The behind-the-scenes details on the IPO pricing decision are based on interviews with three people familiar with the discussions.

WWE), the world's biggest sports entertainment company and the top mixed martial arts promotion (UFC) completed their merger to form a new entity named TKO Group Holdings. WWE announced the merger through their website. Endeavor Group Holdings owns the UFC. «Endeavor Group Holdings, Inc.

Outgoing Myer chief executive John King is banking on the growing base of younger shoppers joining its Myer One loyalty scheme, and is confident introducing brands owned by The Country Road Group will drive sales this year to offset the consumer slowdown.

Uday Kotak, founder and director, Kotak Mahindra Bank: “Entrepreneurship defines India and Indians. I’m very proud to see the flourishing of Indian entrepreneurship…I congratulate The Economic Times for having created this whole process about nearly ten years ago. I want to thank each of jury members for their great insights and free flowing discussions for us to come to a better and more appropriate thinking process for choosing winners out of very high-quality companies and entrepreneurs. I’m happy with the outcomes that we have achieved today.”

OfBusiness was voted as The Economic Times Startup of the Year 2023 surging ahead of competition on the back of strong revenue backed by handsome profits. The eight-year-old venture was feted for its value proposition and focus on SMEs, which are regarded as the backbone of India’s fast-growing economy. The eleven-member jury chose the B2B venture, which is currently valued at about nearly $5 billion, over eyewear retailer Lenskart in a closely fought contest that included detailed discussions on the relative merits of both companies.

ET Startup Awards (ETSA) have stood out amid a crowded ecosystem and have gone on to become successful businesses. We look at a few of them from previous editions of the awards.Atomberg Technologies – Best on Campus (2019)

Westpac CEO Peter King and Australian Banking Association CEO Anna Bligh met Treasurer Jim Chalmers on Wednesday evening to ask the federal government to implement a new policy the banks are calling the “regulatory grid”.

When Fortescue marked its 20th anniversary late last month, it was not your average cocktail party.

Investing.com — Starbucks Corporation (NASDAQ:SBUX) said chairman emeritus Howard Schultz would step down from its board effective today as part of a planned transition.

hedge fund. Glas Trust Co., the trustee representing lenders who had extended a loan of $1.2 billion to the world’s most valuable education technology startup in November 2021, told a Florida court on 7 September that Byju’s transferred $533 million to Camshaft Capital Fund, a Miami-based hedge fund, allegedly established by a 23-year-old with no training or experience in investing. The lenders also told the court that the official address of the hedge fund in its regulatory filings is a US restaurant chain, IHOP.

Disgraced former FTX CEO Sam Bankman-Fried has submitted a list of proposed jury questions to a Manhattan federal court as he prepares for his upcoming fraud trial.

Japan’s Inpex has taken another public swipe at the Albanese government’s gas strategy, telling a conference in Darwin the country is a “global outlier” on energy policy and accusing Canberra of “moving the goal posts” on multi-billion-dollar gas investments.

Cetera Holdings this week said it was spending $1.2 billion to acquire the nearly 3,100 tax focused financial advisors at Avantax Inc., a clear indication that the valuations for broker-dealers and registered investment advisors are still climbing and no one knows how high they will go.

By Kanishka Singh