CEO Financial News

Redfin CEO Glenn Kelman says it's hard to fault the Fed for 'overdoing' rate hikes when there are other 'persistent' sources of inflation.

Tech Mahindra in FY23, smaller IT firms have notably awarded higher CEO paychecks. In fact, Mid-tier IT company bosses are even outearning their larger counterparts. As per a CNBC report, Sandeep Kalra from Persistent Systems earned ₹61.7 crore, ranking just below Wipro's CEO Thierry Delaporte, who received ₹82.4 crore.

MUMBAI: The Securtities Appellate Tribunal (SAT) has partly set aside the Securtities and Exchange Board of India’s (Sebi) order directing the National Stock Exchange(NSE) to disgorge 62.6 crore in the dark- fibre case. The tribunal has quashed Sebi’s direction barring NSE’s former CEO Chitra Ramkrishna from holding any position in stock exchanges or listed companies for three years and three other former officials — Ravi Varanasi, Nagendra Kumar SRVS and Deviprasad Singh for two years.

real estate empire. The Amazon.com Inc. founder, and the world’s third-richest person, agreed to pay $68 million for an estate in Indian Creek, a man-made barrier island in the larger Miami area, according to a person with knowledge of the matter.

automation software provider UiPath and the company is expanding the local team to meet business demand, said Rob Enslin, the US-based company’s co-CEO. In an exclusive interview with ET, Enslin said the company has seen demand for automation solutions remain consistent despite the larger uncertainty which has gripped technology investments. “Our workforce in India is quite large, with a significant amount of engineering taking place in the Bengaluru centre,” said Enslin.

Reserve Bank of India (RBI) will issue guidelines to banks and housing finance companies (HFCs) on resetting the tenor and/or equated monthly instalments (EMIs) after it found “several instances of unreasonable elongation” of floating rate tenor by lenders without proper consent or communication to borrowers. Governor Shaktikanta Das said lenders will have to also take into consideration age and payment capacity before changing loan terms. “It is necessary to avoid an undue long elongation which sometimes may camouflage an underlying stress in a particular loan.

A journalist in Jalgaon who had criticised the Chief Minister Eknath Shinde was on Wednesday beaten up in public. Sandeep Mahajan has alleged that Pachora Shiv Sena MLA Kishore Patil had sent his men to beat him up after an audio clip went viral in which Patil is abusing Mahajan for criticising Shinde. Mahajan had put up a post calling the CM’s visit to the family of an 8-year-old girl who was raped and murdered as an ‘eye wash’. Following the post, Patil had called up Mahajan and had given the choicest abuses as well as threatened him. The expletive-ridden audio clip had gone viral and Patil has admitted that it was him abusing Mahajan. On Wednesday, Mahajan was beaten up by three youths who pulled him down from his scooter while he was travelling and then assaulted him. While the journalist has claimed that it was Mahajan’s men who had assaulted him, Patil had ‘condemned the incident’ and claimed his people were not involved in the assault. The video of the assault of the journalist has gone viral with the Maharashtra opposition questioning the ‘goonda raj’ of those in the government. The attack comes after another incident in which Magathane Shiv Sena MLA Prakash Surve’s son, Raj, abducted RK Singh, CEO of a music company, at gunpoint and took him to Surve’s office and forced him to sign some papers. The police have now named the MLA’s son in a complaint filed by the Singh.

By Aishwarya Venugopal

After announcing this month that it was moving to use a new brand name, Corient, for its U.S. wealth management unit, CI Financial Corp. said Thursday it was moving forward with a consolidation of separate offices in Boston, Chicago and Miami.

Rovio, creator of the Angry Birds franchise, have overwhelmingly accepted Japanese Sega's offer to buy the company, allowing the deal to go through, the Finnish company said Thursday. Rovio said in a statement that 96.3 percent of its shareholders had accepted the offer, which values the company at more than 700 million euros ($770 million). The offer was contingent on more than 90 percent acceptance.

Vincent Pons is Michael B. Kim Associate Professor at Harvard Business School. Speaking to Srijana Mitra Das, he discusses the role of democracy and stability in bolstering economies:Q. What is the core of your research?A.

Virgin Galactic, the spaceflight company, accomplished its second commercial spaceflight named Galactic 02. The flight marked a milestone as it carried its inaugural group of private-paying tourists. Departing from Spaceport America in New Mexico, the spacecraft was piloted by CJ Sturckow and Kelly Latimer. Accompanying them were four others: Beth Moses, the chief astronaut trainer overseeing the mission, and a trio of passengers.

Biocon on Thursday reported 30‰ year-on-year (YoY) drop in net profit to Rs 101 crore for the quarter ended June 2023. The company had reported net profit of Rs 144 crore during corresponding quarter of the previous year. The company attributed the drop in net profit to depreciation, amortisation and interest increase of Rs 353 crore over last year primarily related to the biosimilar business acquisition cost.

Reserve Bank of India (RBI) left its key policy rates unchanged for a third straight meeting but signalled tighter policy if food prices drive inflation higher. The monetary policy committee (MPC), which has three members from the central bank and a similar number of external members, held the benchmark repurchase rate (repo) at 6.50 per cent in a unanimous decision.

Also Read: Air India unveils new brand identity, aircraft livery In order to improve its customer service and solidify its position as the go-to airline for passengers flying to, from, and within India, Air India is making large investments across the board. Here's are six key investments made by the airline.

Air India Chief Executive Campbell Wilson on Thursday has said that the iconic mascot of the airline' The Maharaja' is an important part of the company and said that' Maharaja's demise is exaggerated'

Tata Sons in January 2022, Air India underwent this rebranding. The task of promoting the brand went to McCann Workgroup India.

Rajinikanth fans at Freshworks are having the time of their lives. The Chennai-based global software company reportedly booked no less than 2,200 tickets of the Rajinikanth film ‘Jailer’ for its employees! Freshworks CEO Girish Mathrubootham took to Twitter to share the news. “2,200 tickets, 7 screens, Freshworks employees only,” tweeted the entrepreneur. The post went viral, amassing more than 434K views and 8289 likes. Many Twitter users gushed at the generous gesture. Trade analyst Ramesh Bala wrote, “#Freshworks — Best place for #Thalaivar fans to work..” A former staff of the organisation, was all praises for the software company. “As a former employee of Freshworks, it's not hard to see why the company was so beloved. One memory that stands out is the company's love for Rajini movies — entire theatre screens were booked for employees to watch together! Nostalgic for those days and grateful for the memories,” they wrote. Some however, were less than impressed with the gesture and indicated that such initiatives can have a negative impact on the work culture. “Do all this, spoil the work ethics and then cry when losses mount up. fire the same guys to salvage the company. Many new startups are doing these things — reason — easy money ?

Air India unveiled its new logo on Thursday which signifies limitless possibilities. The Tata-owned airline has been working on the new logo for as many as 15 months.

Tata Power Delhi Distribution on Thursday said it has fulfilled its renewable purchase obligation for the third year in a row and bought 26% of electricity from clean energy sources in 2022-23. Under the Renewable Purchase Obligation (RPO), discoms are required to source a fixed percentage of their total power purchase from renewable energy sources. ''Tata Power Delhi Distribution Ltd has fulfilled the RPO for the third consecutive year, a unique feat for any discom in the country,'' the company said in a statement.

A federal judge has rejected a case brought forth by shareholders against JPMorgan Chase CEO Jamie Dimon and the bank’s board. They alleged negligence regarding warning signs associated with the bank’s infamous former client, Jeffrey Epstein.