CEO Financial News

The Central Board of Direct Taxes (CBDT) on 19 August issued a notification to value rent-free accommodation provided by employers, reported news agency PTI. 

₹10K per month at a 12% interest rate per annum compounded monthly. If you start at 25 years of age, the amount you’ll have by 60 is ₹6,43,09,595 versus if you start at 30 years of age, the amount of money you’ll have by 60 is ₹3,49,49,641. That’s how much difference a mere 5 years can make! It’s a small step, but the impact it can have - as you can see - is tremendous," said Satyajeet Kunjeer, Founder and CEO, Deciml.

Pankaj Murarka, Founder, Renaissance Investment, says “when it comes to IT services, India leads the world and AI gives a new pivot to the whole growth of the Indian IT story over the next five to ten years. IT companies have a new growth pivot which can ensure that they continue this high growth path for the next decade.”There are a bunch of companies coming out with IPOs and getting listed, especially in the small finance space. SBFC got very good reception not only a 40% premium on listing but even follow-up buying. Same was the case with Utkarsh Small Finance which got listed from Banaras and caters to north India as a region. Do you have exposure to that in your portfolio in any manner?One thing I have learned during all these years of my investing is that companies go for IPOs when they are at their best and which is why we tend to have a sort of scepticism towards IPOs because we do not know these companies well in terms of their track record and because companies go to the markets when they are at the best of their business performance.

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company

electric two-wheelers sold in India are manufactured in Tamil Nadu, the state's minister for industries, TRB Rajaa, claimed at an event on Saturday. Rajaa, who was speaking at the ‘Tamil Nadu Startup Thiruvizha 2023’ in Coimbatore, said the state is not just a leader in textiles, but in the automotive and electronics sector too. He said electronics exports from the state in the last one year has risen to $5.37 billion.

Wanted: tech-savvy CEOs who can navigate a world of disruption; drive environmental, social and corporate governance goals and lead and motivate a multigenerational workforce while being agile, ethical and authentic.In a post-pandemic world where disruption caused by technological advances, geopolitical shifts, climate concerns and changing workplace demographics is par for the course, companies are demanding a lot more when hiring for the top

In recent months, major retailers such as Gap, Stitch Fix, Victoria’s Secret, Kohl’s, the Vitamin Shoppe and the RealReal have appointed men to CEO positions previously held by women. Others such as Macy’s, VF Corp and Italian denim brand Diesel replaced men with men at the top. In general, it is rare for a female CEO to be succeeded by another woman regardless of the industry, according to an analysis by Catalyst. “It reminds me of the Barbie movie,” said Kimberly Lee Minor, who is the CEO of the consulting firm Bumbershoot. “We live in this society where women control the majority of consumer spending. They make the decisions and yet we still haven’t moved forward, and we have to go into this cycle.” While the number of female CEOs had been trending upward in recent years, nearly 90% of Fortune 500 companies are run by men. Of the 86 retail companies in the Fortune 1000, 13 had a woman as CEO as of July 2023, down slightly from the year before, according to the executive recruiting firm Heidrick & Struggles. Retail executives have long been quick to note that purchases are largely driven by women, who make most of the spending decisions for their households. The majority of the industry’s entry-level workforce is also female. Seventy-two percent of cashiers are women, and about half of retail salespersons are women, according to data from the Bureau of Labor Statistics.

The man behind the success of Vespa-maker Piaggio, Roberto Colaninno and one of Italy's best-known dealmakers, died at the age of 80, his investment company IMMSI said on Saturday. Till now, there has been no confirmation of the cause of death. He was known to be a central figure in the country's industrial landscape who managed to change the destiny of a number of failing firms.

The fires that broke out on Maui last week have exacerbated Hawaii’s housing crisis as more than 3,000 buildings in Lahaina were damaged or destroyed, leaving many wondering if homeowners can afford to rebuild

Activist investor Starboard Value has taken a nearly 10% stake in Bloomin’ Brands, the parent company of restaurant chain Outback Steakhouse

BEIJING — Winking, grimacing or nodding their heads, robots mimicked the expressions of visitors at a robot expo in Beijing.

DonorsChoose has seen a banner year for donations in 2023, setting records by collecting nearly $10 million during Teacher Appreciation Week in May

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company

By Crispian Balmer

₹400 crore alternate investment fund (AIF) to acquire commercial real estate. BHIVE launched its new co-working-focused ₹400 crore CAT-2 AIF, the firm said in a statement. The newly launched fund will acquire commercial real estate properties at prime locations with clear titles and occupancy certificates.

Tata Sons at his residence in Colaba, south Mumbai, by Chief Minister Eknath Shinde, along with Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar. This recognition comprised a shawl, a citation, and a memento from the Maharashtra Industrial Development Corporation (MIDC). Also read: Ratan Tata dismisses rumours, says ‘have no associations with cryptocurrency of any form' Following the presentation, Shinde stated that honouring Tata as the 'Udyog Ratna' has elevated the prestige of the award.

rent-free accommodation provided by their employers will now be able to save more and get a higher take-home salary as the income tax department has revised norms for valuing such houses. The Central Board of Direct Taxes (CBDT) has notified amendments to the Income Tax Rules which will come into effect from September 1.

NLB Services recently conducted a survey of 1,500 GCCs in India. About 79% of the GCCs surveyed stated that they were looking to augment or add to their talent pool, and 8% said they were looking to double the workforce in 2023. This, according to their estimates, could create about 3.64 lakh jobs.

earning a master's degree in business administration from the University of Chicago in 1997. Also read: Microsoft's AI bet pays off, CEO Satya Nadella's windfall surpasses $1 billion amid stock surge Nadella's ascent within Microsoft was steady and impressive. By 1999, he had already been appointed vice president of the Microsoft bCentral small-business service.

Elon Musk, the mind behind X (formerly known as Twitter), has declared that the platform will no longer offer the option to block other users. Musk argues that the blocking feature «makes no sense» and will be removed, except for direct messages (DMs). This move has generated mixed reactions within the online community. «Block is going to be deleted as a „feature“, except for DMs,» he said in a tweet. In another tweet, he stated that «It makes no sense». The feature in question, commonly known as 'block', empowers users to regulate their interactions with other accounts by preventing specific users from contacting them, viewing their posts, or following them.

startups and innovation, is hosting the "Tamil Nadu Startup Thiruvizha 2023" at the CODISSIA Trade Fair Complex in Coimbatore on August 19 and 20, stated an official release on August 17. This inaugural two-day event aims to celebrate entrepreneurship in Tamil Nadu and showcase the government's support for startups and aspiring entrepreneurs at various stages of growth, ANI reported.