CEO Financial News

OnSolve®, a leading critical event management provider that enables organizations to mitigate physical threats and remain agile when a crisis strikes, today announced the opening of a new technology office in Bengaluru, India. The news marks an important milestone in the company’s growth and innovation strategy, reinforcing its commitment to advancing OnSolve’s AI-powered platform.

By Tim Reid

OSLO (Reuters) — Norwegian Air may consider adding Boeing (NYSE:BA)'s MAX 10 model to its fleet, CEO Geir Karlsen said on Thursday, after finding the plane's flight range was better-suited to the airline than initially thought.

By Stephen Nellis and Max A. Cherney

By Casey Hall

Indian startups have quit their posts this year to date, amid the deepening funding winter and regulatory concerns, a significantly higher number than previous years, the media reported. Data compiled by Fintrackr showed that in the first eight months this year, nearly 20 startup CEOs have left their position to either join a new firm or continue in the same company in a different role. In January, edtech company upGrad's CEO Arjun Mohan quit after a nearly three-year stint. Last month, he joined Byju's to lead its international business. Prashant Jhaveri, chief executive of Flipkart's online pharmacy Flipkart Health+, also left the firm after serving more than a year at the company, reports entrackr. Fintech startup Slash and grocery tech startup Milkbasket are yet to announce their new CEOs. Throttle Aerospace's CEO reportedly stepped down from the company. In March, DailyRounds' CEO Deepu Sebin and FreeCharge's CEO Siddharth Mehta announced their resignation after serving for several years at the helm. In May, all three co-founders including CEO of buy now pay later (BNPL) startup ZestMoney resigned. Some startup founders also quit as CEOs voluntarily or were elevated to a new role. For example, co-working space provider 91Springboard has replaced its CEO Anand Vemuri with Anshu Sarin, the report mentioned. Logistics startup Porter promoted its CEO Pranav Goel to executive vice chairman. Consumer electronic brand boAt, higher education edtech platform DataTrained, and Skincare brand SkinQ also promoted their CEOs to a new role within the company. Some of the startups also saw layoffs. Cuemath laid off 100 employees and re-appointed Manan Khurma as its CEO.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “IT, pharma, metals, global cyclicals, energy would be the ones where you would see rapid rises and falls. I would say that if something has gone up very rapidly recently, that is where the decline would come because they are a lot related to news flows and less fundamental related in terms of what actual quarter on quarter numbers are coming in. ”Markets will not go up in a straight line, not will they go down in a straight line. But there are a lot of stocks which have only gone up. Defence, railways, Chandrayaan stocks. If markets have to correct, where do you think the decline would come from? And where would you like to buy that dip in terms of finding value?I would say that the decline would come from 1)globally related sectors, one because that is where the news is very confusing whether it is a hard recession, slowdown, soft recession or rate hikes.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “it is largely the infra play. If you look at it from a classical earnings PE ratio, it is definitely looking rich in valuations because a lot of the price is from the order book and from the future growth. So that is one sector where I see value. The other sector where I feel some value is creeping in is cement.”Where is it that you are seeing pockets of overvalue and undervalue in the market, if at all?It is very hard to say.

₹213.45 apiece on the BSE with a market capitalization of ₹1.35 lakh crore. On BSE, Jio Financial Services shares were locked at ₹215.90 apiece.

Tesla CEO Elon Musk shared the images of him riding the production version of the company's much-awaited ‘cybertruck’ at the Gigafactory in Austin, Texas. Sharing the update on X (formerly Twitter), Musk wrote, “Just drove the production candidate Cybertruck at Tesla Giga Texas!" Tesla had first announced the pickup truck at an event in 2019 where Musk asked the vehicle's designer to throw a hunk of steel in order to show the unbreakable ‘armor glass’ windows of a prototype. However, the window broke and a second window also broke on further attempts.

If you own mutual fund units, you can take a loan against them instead of going for a personal loan. While one should go for any kind of loan only when it can’t be avoided, borrowing against mutual fund units would make more sense in case of any urgency because of lower interest rates compared to personal loans.

These days financial frauds are on the rise, and we must be careful and protect our wealth from fraud and cheating. Cheque frauds are also prevalent and a sophisticated form of financial crime that can have serious consequences.

The surging demand for luxury housing is reshaping the real estate landscape, driven by specific features and amenities that cater to discerning buyers’ preferences, says Sachin Gawri, Founder and CEO, Rise Infra.

Brightcom Group shares extended their rout, hitting its 5% lower circuit in trade for the second consecutive session after SEBI banned seasoned investor Shankar Sharma, and 23 other individuals, from selling or offloading Brightcom Group shares they possess, either directly or indirectly on beliefs of manipulation. 

While taking a loan, particularly a home loan, the choice between a floating interest rate and a fixed interest rate is a crucial decision that borrowers make depending on the circumstances. Each option comes with its own set of advantages and considerations, catering to different financial circumstances and risk tolerances.

Business Standard, the tax department is mulling over the reduction of days to 10 from the current 16 days. The report says that the new timeline is expected to be implemented during the current fiscal year. Mint could not independently verify the development.

Reliance Industries (RIL) share price dipped about half a per cent in morning trade on BSE on Thursday, a day after the company announced Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest ₹8,278 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited. This investment, the company said values RRVL at a pre-money equity value of ₹8.278 lakh crore. QIA’s investment will translate into a 0.99 per cent stake in RRVL on a fully diluted basis, RRVL said on Wednesday.

Tesla and SpaceX CEO Elon Musk on Thursday said that news organisations can also get a share of X's advertising revenue. In his latest bid to woo journalists after paying creators via his X advertising revenue programme, the X owner has now proposed a new way for media houses to make money. «Our advertising revenue share programme also applies to organisations (news or otherwise) who wish to participate,» he posted. On Tuesday, the billionaire invited journalists to publish directly on X (formerly Twitter) and earn a higher income, as he started stripping headlines and text from news articles shared on the platform. On X, posts with news articles only included the lead image and the URL, stripping out the headline and text and links displayed only an article's lead image. «This is coming from me directly.

earning an annual salary of $1,50,000 or over 1.2 crore. In addition to this, the employee received a sign-on bonus and is expecting a year-end bonus. According to a report by business magazine Fortune, the Google employee who has been given the pseudonym Devon in order to protect his identity, wakes up at 9 am, makes breakfast and then works till 11 am before setting aside his office work.

Liquid Inc., the company responsible for Japan's widely recognized eKYC solution «LIQUID eKYC,» announced a strategic partnership with Binance, the world's largest cryptocurrency exchange by trading volume and users, on August 10, 2023.

Australia’s largest discount variety retailer, The Reject Shop, has reinstated dividend payments and intends to undertake a further on-market share buyback of up to $10 million, after posting higher sales and profit.