CEO Financial News

The Kansas City Federal Reserve is about to get a new leader as the inflation-fighting central bank plots its course ahead.

Japanese giant Suntory will merge its two drinks businesses in Australasia to create a $3 billion-a-year company that will see alcohol brands including Jim Beam and the No.2 ready-to-drink spirits brand -196 brought under the same roof as non-alcohol products.

India Inc dislikes more than experiencing unease of doing business, it is publicly acknowledging unease of doing business. Like negotiating a tricky marriage, it prefers to keep its difficulties and frustrations ‘inside’, lest an admission of facing impediments is construed as ‘weakness,’ or even ‘failure’. So, while internally there may be much handwringing — whether pertaining to sectoral GST slabs, or other policy bumps on the road — externallyfacing, it is business as usual.

Mint has learnt. Falguni Nayar, founder and CEO, will now lead the marketing function, the company said in statement. “As announced in April 2023, marketing leadership at Nykaa has been strengthened over the last year across performance marketing, customer lifecycle management and content charters.

₹5-10 lakh. Even regular daily treatments are very expensive. Prashanth Manikananda (49) from Thalakkad, Kerala, has been suffering from type 1 diabetes—a chronic condition in which the pancreas produces little or no insulin—for many years now.

By Kailyn Rhone

robotic grills to faster blenders with custom ice and milk dispensers, major US restaurant chains including Starbucks, Domino's, and Chipotle are touting new technologies to automate production, cut labor costs and potentially boost profit margins. Starbucks said it plans to roll out a coffee-making machine, the Siren System, in around 10% of its stores starting next year.

Etherea, a leading flexible workspace provider, has leased 2.2 lakh sq ft of office space across two buildings owned by real estate developer Bhutani, according to two individuals familiar with the matter. «More than 50% of our commercial space is taken by flex space providers, suggesting demand is increasing. Corporate clients are also preferring coworking centres post covid,» said Ashish Bhutani, CEO, Bhutani Group.

Flipkart group, Amazon India and Tata Digital among others, the government has indicated that the draft ecommerce policy may be introduced in a few weeks, according to people aware of the discussion.ET had reported on August 1 that commerce minister Piyush Goyal would chair the meeting on Wednesday. Secretaries of the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh and the department of consumer affairs Rohit Kumar Singh were also present.

Crumbling COVID-19 vaccine and treatment sales chopped Pfizer’s second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023

Fairport Wealth, a Hightower advisory business partner based in Cleveland has added another firm to its growing footprint.

Mercer Advisors has expanded its network of registered investment advisory firms with the acquisition of a $720 assets under management business in San Diego, California.

The major crypto exchange Binance has officially entered the Japanese market with the launch of Binance Japan K.K.

Crypto exchange Coinbase’s CEO Brian Armstrong and former head of Twitter – now X – Jack Dorsey, highlighted the potential and future of Bitcoin’s Layer 2 (L2) payment protocol, the Lightning Network.

Netcore Cloud, a MarTech and customer experience company, has appointed Mahesh Narayanan as its chief marketing growth officer. In his new role, Narayanan will be pivotal in accelerating the company’s global expansion plans and fortifying its leadership positioning by leveraging his marketing expertise to drive growth strategies effectively.

Yamuna Expressway Industrial Development Authority (YEIDA) plans to create multiple new industrial parks across a sprawling 1,300-acre expanse in Sector 10 near Yamuna Expressway. As per a ToI report, the visionary proposal encompasses a spectrum of specialized parks, each securing 100 acres of land for its distinct focus. These industrial parks encompass a leather footwear and accessories hub, a plastic processing nucleus, a handloom and handicraft sanctuary, and a cutting-edge electric vehicle haven.

The union representing 3,700 employees at Metro Inc. says the grocery chain needs to immediately reinstate the $2 hourly wage increase that grocery workers received during the pandemic if it wants to end a strike that has shut down 27 supermarkets in and around Toronto for four days.

gummy. Cute, colourful and easy on the palate, the rise of nutraceutical players is because of a number of factors, especially a surge in interest for wellness products. An Accenture survey across 16 countries found that consumers are considering health and fitness an “essential”. About 80% said they intend to maintain or increase their spend on areas related to health. There have also been investments by MNCs in a bid to enter the space: Marico’s recent acquisitions of sizable stake in True Elements and Unilever’s investment in Oziva are cases in point. “It is growing at a CAGR of 21%,” says Ananya Agarwal, founder of Nyumi. “The pandemic has led to a demand for immune-boosting products, which has fuelled growth in this market,” says Saurabh Kapoor, co-founder, Wellbeing Nutrition.

Hockey India president Dilip Tirkey has said that the national men's team will travel to Pakistan for qualifiers in case it fails to directly qualify for the 2024 Paris Olympics by winning gold at the upcoming Hangzhou Asian Games, starting September 23. The team winning the continental event gold shall receive direct berth in the quadrennial extravaganza as per rule but other nations need to play the qualifiers and this time venues identified are Pakistan and Spain. «We will be trying to get the job done in Hangzhou.

Angshu Mallick, CEO & MD, and Shrikant Kanhere, CFO, Adani Wilmar, in conversation with ET Now post Q1 results. Adani Wilmar reported a loss of Rs 79 crore in the June 2023 quarter and revenue was down 12%. According to Mallick, the company suffered because edible oil prices have come off very sharply and Adani Wilmar was not able to contra-hedge the local oils, particularly in India, as there is no such hedging mechanism.What impacted the performance this time around? Is there any one-off, any exceptionals that is impacting the profitability?Angshu Mallick: The good part to note is that there has been a 25% increase in volumes.

Income tax news: If you have been wondering why your income tax return (ITR) has not been processed yet or why there has been a delay in getting tax refund, first check whether you have e-verified your ITR. If you do not e-verify your ITR, the filing process is treated as incomplete and your ITR becomes invalid.