CEO Financial News

Ranveer Singh to engage and deliver elevated experiences for millions of gamers across the country. With this collaboration, Krafton will launch the Play Pure campaign that aims to celebrate the pure-ness in players through the lens of superstar Ranveer Singh, says the company. As a part of the campaign, BGMI players will be urged to be bold and celebrate their authenticity in the Battlegrounds.

Focus Financial Partners is looking ahead to a new era of growth following its acquisition by funds affiliated with Clayton Dubilier & Rice and Stone Point Capital.

Pepperfry co-founder Murty dies of cardiac arrest in Leh Founded by Ambareesh Murty and Ashish Shah in 2012, Pepperfry is India’s online marketplace for furniture and home goods. Over the past three months, Pepperfry co-founders have secured $23 million in funding from existing shareholders, including institutional investors and family offices, underscoring their confidence in the company’s vision and strategic plans for the future.

Australia Post is seeking a 25 per cent increase in the price of basic stamps to $1.50 but unions, the electoral council and former chief executive Christine Holgate suggest it is part of a calculated plot to kill off letters.

«There is a long runway in this. That long runway that we are going to see is what excites everybody who wants to play this category. So we have great governance, we are fast growing, we are profitable and profits are growing faster,» says Mithun Sacheti, MD & CEO, Caratlane.What are you thoughts on your current performance?Actually the enterprise value now also will be closer to Rs 18000 cr not Rs 17,000 cr. Most people do not have that figure right as well because that is the equity value of the business. A business which grows at 50% plus for five years in a row and has become as qualitatively profitable as we are right now, where governance standards are that of a listed entity like Titan. We have caught it by the tail and we are sort of riding that. There is a long runway in this. That long runway that we are going to see is what excites everybody who wants to play this category. So we have great governance, we are fast growing, we are profitable and profits are growing faster.

EV ride-hailing and charging provider BluSmart on Tuesday said it has crossed annual revenue run rate (ARR) of Rs 400 crore. Operating in Delhi-NCR and Bengaluru, BluSmart has achieved a milestone of 5,000 electric vehicles (EVs). It has also set up over 3,900 EV charging points across 32 charging hubs at key locations in two cities.

UTI Asset Management Company has shared an old article of Mint on Teachers' Day. Subramaniam wrote, "Replug of my 2013 piece. To my teacher, the stock market.

OpenAI, a pioneering firm in artificial intelligence. The Indonesian immigration authority issued a 10-year visa to Altman, acknowledging his global renown and potential contributions to the nation. Indonesia's Immigration Director General has said that Altman "has an international reputation and may bring benefits to Indonesia", Bloomberg reported.

Qantas chief executive Alan Joyce will depart the airline on Wednesday, bringing forward his retirement by two months amid a firestorm engulfing the company over allegations of illegal ticket sales and undue influence over government.

CSR signed up for gas from Senex Energy’s stalled $1 billion Atlas project in Queensland, underlining the depth of demand for fuel from a venture that still hinges on an extended exemption from the gas cap rules and federal environmental approval.

Will Vicars’ hedge fund Caledonia has told its well-heeled investors they have a historic opportunity to hold and top up on shares in one of its most controversial investments, North American real estate platform Zillow, despite deep turmoil in the property market.

₹1,340 crore) is being sought if the allegations hold up in court. Joyce, who served at the helm for 15 years, stated that the recent focus on the airline and past incidents convinced him that it was time for the company to prioritise its rejuvenation.

Delhi Police have started conducting vehicle checking at various locations across the national capital ahead of the upcoming G20 summit on September 9 and 10 here. Surprise checks were conducted at India Gate and other parts of the city between Monday night and early hours on Tuesday. Police personnel were seen conducting thorough inspections by halting vehicles. Earlier on Monday, Union Minister of State for External Affairs and Culture Meenakashi Lekhi said that paramilitary forces, Delhi police and several other people are engaged in providing security at the G20 Summit. «So I must say that so far as safety, security, et cetera are concerned, that arrangement is being looked after by various departments, including paramilitary forces, Delhi police and several other people are engaged in that process,» Meenakashi Lekhi said while speaking to ANI. She also highlighted the diversity of the G20 Summit, held under India's presidency, saying, «We've had about 52 locations and 250 plus events. So 250-plus conferences is not a joke to handle.

Drug major Cipla on Monday said its unit has inked a pact to acquire South Africa-based Actor Pharma. Cipla South Africa, a wholly-owned subsidiary of the Mumbai-based drug major, has inked a binding term sheet with Actor Holdings (Pty) Ltd to acquire 100 per cent of the issued ordinary shares of Actor Pharma, the drug major said in a regulatory filing. This development underpins Cipla's commitment and investment in its over-the-counter (OTC) business and supports its journey to be a leading healthcare player in South Africa, he added.

Uday Kotak’s successor as chief executive of the bank he founded could be quicker than otherwise — at least in theory — since the due diligence on ‘fit and proper’ criterion for both internal candidates isn’t expected to be unusually lengthy. Kotak Mahindra Bank’s nomination and remuneration committee has offered the Reserve Bank of India (RBI) the names of two internal candidates — KVS Manian and Shanti Ekambaram — to succeed Asia’s richest banker at the corner office at India’s third-most valued private lender. The nominations are seen as a departure of sorts from recent trends wherein most lenders offered at least one external candidate as potential successors to outgoing chief executives.

Mercedes Benz’s research & development (R&D) network, contributing to not only software development but also to electronics and hardware, said Markus Schäfer, chief technology officer of the German luxury carmaker. Mercedes Benz’s first operating system, MB.OS, which will be ready for production in 2024, has been conceived mainly at the company’s 9,000-member R&D centre in Bengaluru. The company’s CEO, Ola Kallenius, said that the luxury carmaker will launch its Concept CLA, showcased at the IAA Munich Motor Show, in 2025, the same year as its European debut.

On August 20, 2023, Hugo Lee, the CEO of Haru Invest, released an official statement addressing the concerns and questions raised by its members. Lee emphasized that Haru Invest is not evading accountability and remains committed to the efficient recovery of members' assets. He also clarified that the rehabilitation procedure requested by some members is deemed ineffective for the majority's asset distribution needs.

Alliance Inc announced Friday that its chief executive, Rosalind Brewer, had resigned the day before. Brewer was the only African-American female CEO to run an S&P 500 company. With so few African-American women ever having gotten to the top of big US companies—other notables include former Xerox CEO Ursula Burns and Mary Winston as interim chief of Bed Bath & Beyond—Brewer’s departure deserves attention.

A dispute between Disney and Charter Communications has left nearly 15 million Spectrum TV cable television subscribers without some of their favorite networks

The United Arab Emirates has created a federal authority to potentially run a national lottery and what it describes as “commercial gaming.”