CEO Financial News

(This story originally appeared in on Sep 03, 2023)

Bank of Nova Scotia is making several changes to its senior leadership team, including naming a new human resources chief and a new head of digital transformation, a role that also involves oversight of its Tangerine online banking business.

WhatsApp is reportedly rolling out a multi-account feature with a new interface for the app settings to beta testers on Android. With this multi-account feature, users will be able to add an additional account on the same device directly right within WhatsApp Settings, according to WABetaInfo.

Google, which turns 25 on Monday, has come a long way from being born as a search engine in the garage of Susan Wojcicki — the future boss of YouTube — in a new tech landscape of generative AI, chatbots and social media. Google was founded on September 4, 1998, by American computer scientists Larry Page and Sergey Brin while they were PhD students at Stanford University in California.

64 Million Artists co-founder and Chief Executive Officer Jo Hunter in an interview has said ‘in the UK, we see being productive as sitting at our desks churning out emails, but what makes a lasting impact in businesses is innovation, inclusion, and ideas.’ In an exclusive interview with Business Insider, Jo Hunter has talked about ‘following what is important’ in order to get ‘good work’. According to the report, 64 Million Artists followed a four day work week, and remote working during the pandemic. However, Hunter noticed that her colleagues were burnt out as the world recovered from it and demand for our creativity workshops increased.

The word ‘board’ traces its origin to the large table around which people would gather for important meetings, but of course now refers to the people who have been ‘elected to manage a company by its shareholders.’ Traditionally, boards have focused on compliance and regulatory adherence, and in recent times, on transparency and corporate governance. The focus of this article is on how boards can become a source of competitive advantage in today’s ‘VUCA’ environment of volatility, uncertainty, complexity and ambiguity.

The CEO of one of Germany’s last nuclear power producers has cautioned against the idea of a non-nuclear country such as Australia adopting nuclear power, pointing to the cost overruns and delays plaguing new nuclear plants around the world.

Ikea is embarking on a multifaceted expansion strategy in India as it enters its second phase of growth in the country. The company's plans include diverse retail formats, online operations in Delhi-NCR by the end of 2024, and increased local sourcing to make its products more affordable for Indian consumers. Susanne Pulverer, CEO of Ikea India, emphasized the company's commitment to long-term growth in the Indian market.

sustainability and brand connect, founders of D2C and new-age companies feel their stories convince consumers for repeat purchases, but others feel that it is the product which convinces the consumer, because it solves a problem for them. Shark tank fame oral care brand Perfora's founder Jatan Bawa said that people buy into the narrative of a young brand which is challenging the status quo, unlike legacy brands whose founders or brand building story is not well-known.

₹10,000 has given him crores of returns. In a post on X platform (formerly Twitter), Kotak wrote, "We are now a pre-eminent bank & financial institution, created on the basic tenets of trust and transparency. We have created value for our stakeholders and provide over 1 lakh direct jobs.

The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with the advent of artificial intelligence — so much so that research estimates that by 2025, the IT industry could use 20 percent of all electricity produced, and emit up to 5.5 percent of the world's carbon emissions.

Amazon.com Inc. has added three executives to Chief Executive Officer Andy Jassy’s senior leadership team, two from the cloud-computing unit and one who leads the company’s robotaxi subsidiary. Dave Brown, Aicha Evans and Swami Sivasubramanian are joining what Amazon calls the S-team, Jassy said in a note to employees on Friday, which was also posted on the company’s corporate blog.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says “HDFC Bank is cheaper, or is at a similar level to where it was three years ago, for a reason. And that is because the market is still waiting to see how the merger pans out. That will continue to be a wait and watch approach by the market before it gives a thumbs up to the merger. And of course, I have just been looking at some data which is showing credit growth is starting to slow.” Are you also digging out within the PSU pack because that clearly seems to be the flavour of late? No, it is the whole. Let us take the banking sector, it has been a laggard now for some time. So, it is not surprising that you get some kind of a relief rally or rally in the index. But it is not compelling. It does not give me the confidence to say that we are not going to drift down over the next few weeks. There are a lot of events ahead of us. There are a lot of messy global factors which are still playing out, whether it is China, Japan, and the Fed, with their policy coming this month. So, yes I expect a lot more volatility.

Allahabad High Court has held that the recorded phone conversation is an admissible piece of evidence and it cannot be discarded even if it is obtained illegally.«The communication between the mobile phones of two accused persons when recorded on a digital voice recorder after putting the call on speaker will not amount to interception,» the bench said. The bench of Justice Subhash Vidyarthi passed the verdict on a revision plea moved by the former CEO of Fatehgarh Cantonment Board, Mahant Prasad Ram Tripathi. The trial court had rejected the petitioner's discharge application seeking clean chit in a bribery case. The petitioner had approached the HC against the trial court's order saying that the entire case was based on recording of phone conversation which was obtained illegally. Rejecting the petitioner's revision plea, the bench observed, «Whether the telephonic conversation between the two accused persons was intercepted or not and whether it was done legally or not — this would not affect the admissibility of the recorded conversation in evidence against the petitioner.» «The law is clear that evidence cannot be refused to be admitted by the court on the ground that it had been obtained illegally,» the bench said. The petitioner was accused of seeking a Rs 1.65 lakh bribe through a member of the Cantt Board.

India for the world. Top CEOs of these firms talk about how the country is becoming an important part of the research, which will drive this disruptive force in the future.AI will bring more talent into creative fields: Adobe Adobe Inc’s India teams are helping build the next-gen AI-ready solutions for the company, said CEO Shantanu Narayen. He added that the company is driving development of several global products from India. “There’s this recently-released feature called Generative Recolor — think about text, you identify a text and you want to get a prompt or a vector to start your creative process — all of that development is happening here, right here in the Noida office,” he explained.

India manufacturing foray is being closely watched, India’s ambition to be on the global EV manufacturing map is palpable. While every state wants a piece of the EV pie, there is one that has had its eyes firmly set on the space for a while — Tamil Nadu. Being the home for several traditional auto manufacturing players and component manufacturers, Tamil Nadu is also the hotbed for innovation in the electronics space and boasts some of the biggest players in the ecosystem.

Labor has made a big miscalculation on Qantas Government intervention and picking winners is becoming more frequent. But the Albanese government has clearly backed the wrong horse in Qantas. — James Thomson

Qantas’ major superannuation investors have put the airline’s board on notice over the “significant damage to reputation” it has sustained in the past 12 months, saying they are scrutinising executive bonuses this year.

Origin Energy’s partly owned Octopus business in the United Kingdom will add two million customers after striking a deal to buy Shell’s energy retailing business in the UK and Germany.

Indian bank which sports two corporate names – Kotak and Mahindra family. In 1985, during Uday Kotak's marriage reception to Pallavi Kotak, Anand Mahindra, a fresh Harvard graduate was a guest in attendance. When introduced It was Uday Kotak's wedding reception in 1985.

The U.S. Securities and Exchange Commission (SEC) has secured approval to collaborate with South Korea in its probe against Terraform Labs and its co-founders, Daniel Shin and Do Kwon. This decision, sanctioned by District Judge Jed Rakoff on August 16, allows the SEC to question Shin and access documents from Chai Corporation, a Seoul-based payments provider he founded.