CEO Financial News

The report also said that for B2B (business to business) firms, this tenure was slightly longer than that of B2C (business to consumer) firms. There could be two reasons for this. The first is that the CMO roles are tough and so the tenures are shorter. The second, the roles are critical and hence they uncover more growth opportunities for the professionals. Both statements are true. What also makes the role both difficult and exciting is that the CMO’s role is part art and creativity, and part science and measurement.

Woodside Energy has lodged an official complaint with the ABC after a TV crew from the broadcaster’s flagship investigative show Four Corners was present at a dawn protest by climate change activists at the home of chief executive Meg O’Neill.

About 1,400 km away, Vikram, a driver in Delhi, had spent his lockdown days in anxiety. Confined to a two-room flat that houses his family of five, he did not have the luxury to develop new hobbies. He had to make sure he had a job when the lockdown was lifted.

ICICI Bank to the Videocon group turned into non-performing assets (NPAs) of more than Rs 1,000 crore, the CBI has claimed in the charge sheet filed against the bank's former CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon founder Venugopal Dhoot. The over 10,000 pages-long charge sheet was filed recently before a special court for the Central Bureau of Investigation cases here. The Kochhars and Dhoot are now out on bail. After Chanda Kochhar became MD & CEO of ICICI Bank, from May 1, 2009, six 'Rupee Term Loans' (RTLs) were sanctioned to Videocon Group. Between June 2009 to October 2011, RTLs of a total of Rs 1,875 crore were sanctioned to the group by the bank, the charge sheet said. Chanda Kochhar was chairperson of the two-member Committee of Directors which sanctioned RTL of Rs 300 crore in August 2009 to Videocon International Electronics Limited (VIEL). Further, she was a member of the committee of senior managers (recommending committee) as well as credit committee (sanctioning committee) for sanctioning RTL of Rs 750 crore to Videocon Industries Limited (VIL) in October 2011, the CBI charge sheet said. She was a member of the committees which sanctioned various loan limits to Videocon Group even after 2012, it added.

Delhivery is expected to breakeven on an adjusted EBITDA level during the current financial year, cofounder and chief executive Sahil Barua said in post earnings call on Saturday. This comes a day after its losses narrowed 78% year-on-year to Rs 89.4 crore for the quarter ended June 30.

Roseate Hotels & Resorts, owned by Bird Group, plans to add two hotels annually through management agreements while pursuing the development of luxury boutique properties in India and abroad, Kush Kapoor, CEO of the company, told ET. The company intends to include coworking centers at hotels in metro cities, while its properties in holiday destinations will be developed as resorts. «We are receiving organic queries from owners willing to offer their properties, and simultaneously, some owners with beautiful locations are interested in entrusting their properties to us. We are now exploring management options alongside our existing hotels,» Kapoor said. The company has recently acquired 2.6 acres of land near the upcoming Noida airport for the development of a 250-room project that will include a spacious convention center. «If everything goes well, and we get all our approvals in time, we should be able to start construction soon on the Noida hotel. We are also looking at expanding the Rishikesh resort as well,» Kapoor said.

Bank of Baroda (BoB) posted an increase in net profit riding on strong growth in retail loans and fee income even as new CEO Debadatta Chand set his sights on getting a larger share of corporate wallets this fiscal. Net profit increased to Rs 4,070 crore in the quarter ended June 2023 from Rs 2,168 crore a year ago, largely due to a 24% increase in net interest income (NII) supported by a brisk growth in retail loans, which grew by 25%. Fee income increased 18% year-on-year to Rs 1,507 crore in the quarter.

Macrotech Developers Ltd has acquired five land parcels in Mumbai region and Bengaluru during April-June quarter to develop housing projects with a revenue potential of Rs 12,000 crore. Macrotech Developers MD and CEO Abhishek Lodha said the company has added new projects worth Rs 12,000 crore in the first quarter of this fiscal year as against the annual guidance of Rs 17,500 crore. «We are not revising our annual target for new business development as of now,» he told PTI.

IndiGo has commenced new daily direct flights between Mumbai and Nairobi, starting August 5, 2023. Nairobi, Kenya’s capital, and largest city is 27th international and 105th overall destination in the 6E network.

fake messages regarding income tax refunds. Mumbai-based income tax and investment expert Balwant Jain said that you will get the refund after your ITR is processed. “Please note that the refund does not come instantly but will be issued to you after the details of taxes already paid are verified by the income tax department from the information available with it," Jain said.

sustainable investments and contribute to the country's ambitious decarbonization goals. By delving into VCC derivatives and electricity derivatives, the NSE aims to leverage its expertise in the financial markets to drive sustainable investments and pave the way for a greener future.

planning to buy your dream home, individuals should be well versed with the home loan rates and the rules associated with them. In an email interview with Livemint, Mahesh Shukla, CEO & Founder, PayMe talked about Cibil Score, additional charges associated with a home loan, and risks associated with opting for a variable interest rate on a home loan. To achieve a better interest rate on a home loan, one should consider several strategies.

SoftBank is suing social app IRL for fraud related to fake user base and growth, asking $150 million in damages. In May 2021, SoftBank paid $150 million to purchase IRL shares based on IRL's valuation at $1 billion.

Nikola lost more than a quarter of its market value on Friday after the U.S. electric truck maker named its fourth CEO in as many years and reiterated for the third time this year its doubts about continuing as a going concern. The news came a day after shareholders approved a plan to issue more stock to bolster much-needed cash despite worries of dilution, as Phoenix-based Nikola navigates lingering supply chain snags and a pivot to hydrogen fuel-cell technology. The company said Chairman Stephen Girsky, a former General Motors executive, will immediately take over from Michael Lohscheller, who is stepping down due to a family health matter. Nikola's investors on Thursday approved a proposal that will allow the company to issue more shares. It needs USD 600 million to execute its business plan but it will not be entirely dilutive equity capital, Girsky said on a call with reporters. Before Friday's 26.4% fall — closing at USD 2.50 — Nikola's share price had soared nearly 60% this year.

Vijay Subramaniam, Group CEO and Founder, Collective Artists Network, told ET Online. The creator space presents a significant business opportunity as creators become an effective tool for brands to connect with their target audiences in an authentic manner, he said.

Google's profit dropped. Shares of Facebook's parent company, Meta, were in free fall. Business growth at Amazon had slowed to its lowest level in two decades.

UBS Group AG is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said. The changes are aimed at producing unified teams following the completion of UBS's emergency takeover in June of Credit Suisse. The changes are broad and involve several dealmaking groups, including healthcare, consumer/retail, financial sponsors and equity capital markets, the sources said.

Amazon.com will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA, the bank's chief executive said on Friday, as the ecommerce giant pushes to expand its fintech offering. The launch is set for next Tuesday, according to CEO Octavio de Lazari Junior, adding that the bank will manage the card's credit risk, and the card will be powered by Mastercard.

RedBalloon CEO Andrew Crapuchettes speaks to Fox News Digital about the stigma attached to blue or mixed-collar jobs.

Frontier Airlines CEO Barry Biffle joins 'Maria Bartiromo's Wall Street' to discuss a new report by the Government Accountability Office claiming airlines were to blame for 60% of cancellations from October through December 2021.

Florida CFO Jimmy Patronis says communication and negotiations have been met with atrocious effort from Farmers Insurance, which halted policies in the high-risk hurricane state this week.