CEO Financial News

As Morgan Stanley’s James Gorman considers who to put forth to succeed him as CEO, he’s unleashing a summer of speculation inside the bank.

Stamford, Connecticut, United States & Bengaluru, Karnataka, India – Business Wire India Protegrity, the global leader in data security and privacy, today announced Dante Malagrino has been appointed Chief Product Officer (CPO), and Christian Carnell has been appointed Chief Financial Officer (CFO). Reporting to Protegrity CEO Paul Mountford, Malagrino and Carnell will take on their new executive leadership roles in August to lead Protegrity’s next phase of growth.“We believe the market opportunity is massive, and that no one is better positioned than Protegrity to meet this moment," said Paul Mountford, CEO of Protegrity.

Indian market, promising a "new era of innovation." The company has officially confirmed it through a post on X (formerly known as Twitter), hinting at an imminent update. “‘Hello’ to a new era of innovation. Stay tuned for more updates," Honor Tech writes in the tweet.

(Reuters) -Ride-sharing platform Lyft (NASDAQ:LYFT) will start displaying advertisements on its app, the company said in a blog post on Thursday as it looks to create a more stable source of revenue.

By Valentina Za and Alexandra Schwarz-Goerlich

By Bansari Mayur Kamdar and Johann M Cherian

Bata India plunged over three per cent today, a day after the company reported its net profit declined 10 per cent to ₹106 crore in the April-June quarter of fiscal 2023-24 (Q1FY24). Bata India's consolidated net profit in the corresponding period last year stood at ₹119.3 crore. The footwear major's revenue from operations stood at ₹958.1 crore, reporting a marginal rise of 1.6 per cent, compared to ₹943 crore in the year-ago period.

By Christoph Steitz and Tom Käckenhoff

While the aspiration to reach the skies continues to be a priority, being absorbed with work all the time is no longer seen as a viable option, especially for people who have families.Reddit co-founder Alexis Ohanian, who is a father to a five-year-old daughter Olympia, took to social media to share with his more than 548K followers on X (formerly known as Twitter) that a majority of successful CEOs regret not getting to spend quality and quality time with their children. In a series of tweets, the American businessman — who is expecting his second baby with legendary tennis player Serena Williams — said that having the most successful career in the world cannot make up for losing out on the time to hang out with children.

Adani Enterprise had said there was no major event that requires a regulatory disclosure, a day after Bloomberg News reported the flagship company of the Adani group was exploring selling its 44% stake in unit Adani Wilmar. The report, citing people familiar with the matter, had said billionaire Gautam Adani and his family may retain a minority stake following a stake sale in its $6 billion consumer staple joint venture with Wilmar International.

Samsung India has revealed that it has secured record pre-bookings for its fifth generation foldable devices launched recently. As announced by the company, more than 1,00,000 consumers pre-booked Galaxy Z Flip 5 and Z Fold 5 in the first 28 hours. Pre bookings for Galaxy Z Flip 5 and Galaxy Z Fold 5 opened in the country on July 27.

Investors piled into online retailer Cettire, pushing up the stock by 12 per cent on Thursday, after founder and chief executive Dean Mintz flagged the positive momentum from 2023 has continued into the new financial year with luxury shoppers still spending.

The lawyers of the bankrupt crypto exchange FTX which filed for a Chapter 11 in November and collapsed thereafter, have filed a response to the creditor panel’s draft reorganization plans, disapproving the committee’s claims on FTX’s lack of engagement.

Zee Entertainment Enterprises (ZEEL) shares wiped out the day’s losses and surged 15% to an over 6-month high of Rs 278.55. Investors drew comfort from the National Company Law Tribunal’s (NCLT’s) approval to the proposed merger of the company with Sony Pictures. The merger deal was announced by the media major in 2021, but it has seen an unexpected delay due to Zee’s several legal battles with lenders and market regulator Securities and Exchange Board of India (Sebi).

Yandex, Arkady Volozh, on Thursday condemned what he described as Russia's «barbaric» invasion of Ukraine, days after criticism in Russia over his apparent efforts to distance himself from the country. Volozh described himself as a «Kazakhstan-born, Israeli tech entrepreneur» on a personal website, drawing some criticism in Russian media and on the Telegram messaging platform for apparently playing down his links to Russia. He has also been criticised by those opposed to Russia's actions for not speaking out more forcefully against the war.

Sena MLA, following a dispute with a rival businessman. As per a ToI report, the incident, which unfolded at the CEO's office in Goregaon, has prompted an ongoing investigation by local authorities.Rajkumar Singh, the CEO of the targeted music company, found himself at the center of a violent encounter after a financial disagreement with Manoj Mishra, the owner of a competing music company. The confrontation, reportedly orchestrated by Mishra, involved around 10 to 12 individuals who forcibly entered Singh's office.

NCLT) on Thursday approved the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony). The bench in its oral order allowed the application for the merger. Earlier on July 10, the division bench of judicial member HV Subba Rao and technical member Madhu Sinha reserved its order in the merger scheme between ZEEL and Sony, after hearing all the parties.

Commonwealth Bank’s $10.2 billion profit was denounced as “uninspiring” by banking analysts, undermining the Greens’ argument for a new super profit tax to rein in corporate oligopolies as bank margins suffer from further degradation.

Zip has appointed Cynthia Scott as its new chief executive, with co-founder Peter Gray moving to head the buy now, pay later group’s Australian and New Zealand division.

RBI) Governor Shaktikanta Das found a smarter option to absorb surplus liquidity in the banking system — the imposition of incremental CRR. Banking industry analysts say the move will suck out additional liquidity worth around Rs 90,000-95,000 crore from the system.

Indian startups since 2021 and the current investment will take the company's total investment in the country to $290 million. Krafton has invested in companies like Kuku FM, Nodwin Gaming, Loco, Pratilipi and Lila Games.