CEO Financial News

JPMorgan Chase on Tuesday announced the opening of 2 global centres in Mumbai and Bangalore that will cater to technology and operations. With this move the foreign lender is looking to consolidate its offices in these locations and cater to growing employee strength.

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a potential guilty plea with U.S. authorities.

(Reuters) -WeWork Inc on Tuesday raised «substantial» doubt about its ability to continue as a going concern and said three board members had stepped down, sending its shares down 27% in extended trading.

Mumbai: Oberoi Hotels parent EIH Ltd has posted a 61% jump in its consolidated net profit for the first quarter of the fiscal, while its revenue jumped 26.7%, compared to year ago period. The hospitality company posted a profit after tax of ₹106 crore in the quarter ended 30 June, compared to ₹69.44 crore in the corresponding quarter of the previous fiscal.

(Reuters) — Lyft (NASDAQ:LYFT) forecast third-quarter revenue and adjusted core profit above estimates on Tuesday, as it bets on cost cuts and a post-pandemic rebound in ride-sharing demand to cushion the impact of a price war with bigger rival Uber (NYSE:UBER).

As Charles Schwab nears the completion of its merger with TD Ameritrade, a large registered investment advisor is instead moving to another custodian.

According to an analysis by CBRE, retail leasing by international brands was 25% during Q1FY 24 compared to 14% same quarter last year. While homegrown retailers including Aditya Birla, Reliance and Tata opened stores aggressively, the surge in global brands leasing were from both existing retailers as well as newer entrants. Retailers leased 1.3 million sq ft, primarily driven by fashion and apparel with a 38% share while food and beverage sector accounted for an 18% share.

fraud' accounts with 'wilful defaulters'. Senior bankers, who had discussed the suggestion over the last few weeks, arrived at the decision while preparing a standard operating procedure (SOP) for dealing with borrowers before declaring an account as a fraudulent one. The suggestion, made by chambers of commerce to the Reserve Bank of India, was referred to the banking industry body by the regulator.

New York | Goldman Sachs Group is turning to a longtime Lloyd Blankfein confidant as the Wall Street giant grapples with internal bickering and dissatisfaction in the ranks.

Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its plant-based meat substitute fell despite price cuts

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remote work is joining the growing return-to-office trend.Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email. The statement said the company has decided that «a structured hybrid approach — meaning employees that live near an office need to be onsite two days a week to interact with their teams — is most effective for Zoom.» The new policy, which will be rolled out in August and September, was first reported by the New York Times, which said Zoom CEO Eric Yuan fielded questions from employees unhappy with the new policy during a Zoom meeting last week. Zoom, based in San Jose, California, saw explosive growth during the first year of the COVID-19 pandemic as companies scrambled to shift to remote work, and even families and friends turned to the platform for virtual gatherings.

WhatsApp on Tuesday introduced screen sharing and landscape mode on video calls, as part of its latest features to enhance its video calling experience.Meta CEO Mark Zuckerberg announced the new feature through a Facebook post and on his Instagram channel. It will allow users to share documents, photos, and even their shopping cart with contacts on video calls.

(Reuters) — An overwhelming number of business owners in the United States are looking to expand their insurance coverage amid risks ranging from climate change to cyber attacks, a study by global insurance brokerage Gallagher showed on Tuesday.

MILAN (Reuters) -The Italian government aims to agree a broad plan to 2030 for the country's automotive industry with carmaker Stellantis and other groups involved by the end of this year, industry ministry sources said on Tuesday.

(Reuters) — Home and small business security firm ADT said on Tuesday it will sell its commercial security, fire and life safety unit to private equity firm GTCR for $1.6 billion.

Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market

Lupin Digital Health, the subsidiary of drug maker Lupin that specialises in cardiac digital therapeutics on Tuesday announced the launch of Lyfe Digital Heart Failure Clinic in India. The e-clinic aims to help cardiologists and caregivers manage heart failure patients effectively from the comfort of their homes.

Entrepreneur. Daredevil traveller with a penchant for danger and thrill. Skilled biker. He wore many hats, successfully in his lifetime. The sudden death of Ambareesh Vedantam Murty, the CEO and co-founder of virtual furniture company Pepperfry has left shockwaves throughout the corporate world. The 51-year-old businessman, who was on a tour in Leh, was seen in high spirits, chatting about the beautiful roads of Ladakh in an Instagram video titled, ‘Motorcycle Diaries’, describing the roads as the perfect spot where “angels could party.” Hours after the video was posted, the news of his death was shared by Ashish Shah the co-founder of Pepperfry. “Extremely devastated to inform that my friend, mentor, brother, and soulmate @AmbareeshMurty is no more. Lost him yesterday night to a cardiac arrest at Leh,” wrote the entrepreneur.

GlobalFoundries (NASDAQ:GFS) topped earnings and revenue expectations for the second quarter, it revealed Tuesday.

By Priyamvada C and Lisa Baertlein