CEO Financial News

«One of your company members went out to do reconnaissance and was shot down. Now you're going to rescue your teammate and bring them home.» Boucousis, a former fighter pilot, is CEO of an organization called Afterburner, which promises to teach «the same precision and accuracy as elite military aviators» to corporate clients. His firm has worked with Nike, Pepsi, Bank of America and many other brands. These businesses aren't struggling to save teammates shot down by enemy squadrons. Their problems? Market competition, shareholder pressures, employee turnover. Some corporate executives find it thrilling, though, to spend a few hours feeling less like C-suite dwellers and more like Tom Cruise. Even for a significant cost: Afterburner's «Top Gun Experience» training starts at $10,000 for a small team and can climb to $100,000 for a larger one. «If you lose sight of the airplane you're fighting against, you lose the fight,» Boucousis said. «We use that as a metaphor — if you lose sight of your business objectives, you're not going to achieve them.»

Raamdeo Agrawal, Chairman, Motilal Oswal Financial Services Ltd (MOFSL), in conversation with Nikunj Dalmia of ET Now. Agrawal says “if the market remains flat, obviously my return will be coming only from the operation side. But aaisa hua nahi kabhi (that has never happened).

ITR but realise it after submitting but before verifying it? Can you skip verifying the wrong ITR and file it afresh or do you need to verify the ITR already filed and then file a revised ITR to correct the mistake? If you want to file the unverified ITR afresh and try to upload/file a corrected ITR without verifying the first one, the income tax portal will not allow you to do so, according to Abhishek Soni, CEO, Tax2win.in. Also, even if, due to a system glitch, you are able to upload a new ITR without verifying the first one you are likely to get a notice from the tax department. If you verify the first ITR and then a new one — the new ITR will be considered as a revised ITR.

Private equity behemoth PAG Asia Capital is making another major foray into Australia’s consumer sector, in what’s expected to be its biggest swing so far in the region.

Tata Consultancy Services (TCS) revamped its organisation structure, aligning it with the $28-billion tech company’s verticals or business groups (BGs), according to an internal note by new chief executive K Krithivasan sent on Friday. The reorg under new chief executive K Krithivasan abandons most elements of the restructuring put in place by predecessor Rajesh Gopinathan in April last year. India’s biggest software developer also announced appointments to the leadership team, along with new heads for its seven business groups, according to a stock exchange filing early on Saturday.

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The Information Commissioner's Office (ICO) announced on July 25, 2023, that it plans to initiate an investigation into Worldcoin, a project overseen by OpenAI CEO Sam Altman. The investigation is set to commence shortly after the announcement.  ICO is the  data regulator in the United Kingdom.

G20 Sherpa Amitabh Kant said. “The growth in the future will come from emerging markets and this would require financing. The international financial architecture needs to ensure that resources flow from the developed world to the emerging markets and not vice versa,” Kant said.

New Delhi: NEW DELHI: The Ministry of Electronics and IT (MeitY) and the Ministry of Information and Communication Technology (MICT) of Papua New Guinea signed a memorandum of understanding (MoU) for sharing India Stack, successful digital solutions implemented at population scale in New Delhi on 28 July. Earlier, MeitY hosted the inaugural Global DPI Summit in Pune on June 12-13.

crypto enthusiasts streamed into co-working spaces in Mexico City this week for the global launch of Worldcoin, hoping to have their irises scanned with a biometric verification device in exchange for cryptocurrency. Mexico City is one of 35 cities in 20 countries where Worldcoin — founded by Open AI CEO Sam Altman — is pushing its ambitious project to create a unique «digital passport» called World ID, which would help distinguish humans from bots online.

Shares of Bharat Rasayan have delivered bumper returns to investors over the last decade, rising as much as 6,600%. If an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have turned to Rs nearly 7 lakh, according to an analysis by ET Markets. In the last 3 years, the stock has surged 53% and gave returns of 103% in the last five years.

China business amid a frail recovery at the world's second-largest economy from a pandemic slowdown. Following are comments from firms on their China business during the latest reporting season:Procter & Gamble: The Tide detergent maker reported an overall volumes fall of 1% in its fourth quarter, mainly due to weaker demand in the Greater China region. Intel: «The China market, I think, has been well reported, hasn't come back as strongly as people would have expected overall,» said Intel CEO Pat Gelsinger.AbbVie Inc The Botox maker said it has seen rates for aesthetics treatments in China fully recover to pre-COVID levels and continues to anticipate strong growth through the rest of the year in the country.Mastercard Inbound cross-border travel to China stood at nearly 50% of 2019 levels, while outbound travel was nearly 70%, the company said.Anglo American The global miner said it has been surprised by how slow the reopening of China has been but believed a recovery was underway.L'Oreal The Chinese market is «really picking up,» although «not at the speed everybody had hoped for,» L'Oreal CEO Nicolas Hieronimus told Reuters.Mobileye Global Saw weak demand for its driver-assistance technology in China.Coca-Cola The company saw strong demand for some juice business in China but also flagged destocking activity in the second quarter.Seagate The computer hardware maker said its fourth-quarter Technology performance was impacted due to the uneven pace of the Chinese economic recovery.LG Energy Company warned it faces weaker EV demand in China than Solution previously expected.Thermo Fisher The company witnessed significantly slower economic activity Scientific in China during the second quarter.

Oscar winner Michelle Yeoh has tied the knot with her longtime fiance Jean Todt after nearly two decades of engagement. Ex-Ferrari Formula 1 driver Felipe Massa shared the news that Yeoh, 60, and Todt, the former CEO of Ferrari, got married in Geneva. They were engaged in 2004. Massa shared a photo of the couple's wedding program, which featured a message that read, «We met in Shanghai on 4th June 2004. On 26th July 2004, J.T proposed to marry M.Y and she said YES.» «Today after 6992 days on 27th July 2023 in Geneva, surrounded by loving family and friends, we are so happy to celebrate this special moment together!» the program read. Massa also posted several photos from the wedding celebration, including a selfie with Todt and Yeoh, who is seen holding her Oscar trophy. Todt, 77, later confirmed the news in a post on Twitter. «Now that my other son @MassaFelipe19 has „discreetly“ spread the good news, I can happily confirm the union with the Love of my life, Michelle,» he tweeted.

Vijay Nair in a money laundering case related to alleged irregularities in the Excise Policy (now scrapped) case. Vijay Nair is the former Media and Communication In-charge of the Aam Aadmi Party (AAP) and the former CEO of the entertainment and event management firm Only Much Louder.

Sustainable Development Goals (SDGs). From India, Akshay Makar has been shortlisted under SDG13 Climate Action, Soumya Dabriwal SDG 5 Gender Equality, Kaushal Shetty SDG 11 Sustainable Cities and Communities, and Shrutika Silswal SDG 4 Quality Education. «Each year, I am always amazed by the innovative and transformative work these young people are undertaking to create a better world for us all,» Baroness Patricia Scotland, Commonwealth Secretary-General.

An investment vehicle owned by U.S. natural-gas entrepreneur Charif Souki has filed for bankruptcy and is suing its lenders to prevent foreclosure of its assets, including shares of a family-owned business and a luxury ranch. Strudel Holdings said it sought protection from creditors Thursday so it can sell those assets “in an orderly manner at fair market value rather than having them disposed of in the commercially unreasonable manner." Strudel, along with its bankrupt affiliate AVR AH, and Souki, also filed a lawsuit Thursday, accusing investment manager UBS O’Connor, administrative agent Wilmington Trust and lenders including Nineteen77 Capital Solutions of breach of duty of good faith and fair dealing.

Millenials are experiencing many transformations as the next phase. From payments and consumption, there is a conscious interest in investment options. “It is evident that this customer base explores simpler, self-enabled, and tax-efficient investment avenues – a strategic approach to building wealth in the early stages,"said Sarvjeet Virk, Co-founder, and MD, Finvasia.

The idea was akin to that of an "everything app" espoused recently by Elon Musk, the owner of Twitter. But the dream belonged to Mark Zuckerberg, the founder and CEO of Meta, which owns Facebook, Instagram and WhatsApp. In a 2019 blog post, Zuckerberg outlined how he would turn WhatsApp into an app that could be a platform for many «kinds of private services.» In Silicon Valley, the pursuit of an everything app has come up time and again as tech leaders have strained to expand their digital empires.

(Reuters) — The U.S. Food and Drug Administration has approved the prescription-free sale of the second opioid overdose reversal drug, its manufacturer Harm Reduction Therapeutics said on Friday.

Morgan Stanley is selling Gradifi Solutions, a student loan benefits provider, to workplace savings fintech Vestwell.

By Carolina Mandl