CEO Financial News

Subscribe to enjoy similar stories. Kia India, known for its sharp focus on sport utility vehicles (SUVs), is treading with flexibility in the dynamic Indian passenger vehicle market, where regulatory uncertainty and shifting consumer trends often leave automakers scrambling for direction. Gwanggu Lee, managing director and CEO of Kia India, emphasized the importance of agility over rigid strategies, pointing out that committing to a single course could be perilous.

U.S. stocks are stabilizing following one of their worst days of the year

National Skill Development Corporation (NSDC) International — a subsidiary of the nodal skill development agency on Thursday launched Bharat Innovation Global Private Limited (BIG) initiative in collaboration with edtech startup PhysicsWallah. The programme aims to develop India into a global education hub. The initiative will focuses on bridging the gap between education and employability through flexible, technology-driven learning pathways, a statement from the edtech read, adding that it will integrate AI-driven career guidance, gamification, adaptive learning tools, and secure Learning Management System (LMS) platforms for individuals. BIG will provide skill training to students in grades 11 and 12 in schools, PhysicsWallah said. “This approach extends to Industrial Training Institute (ITI) and Polytechnic learners, university students, and working professionals, fostering learning across ages,” the startup added. The programme will also include capacity building for government sector employees.

Lamb Weston is naming a new CEO as the frozen French fry maker moved to a loss in its second quarter and trimmed its fiscal 2025 forecast

Subscribe to enjoy similar stories. During one of the busiest shopping weekends of the year, Nike was the only brand to have a 30% discount on most of its footwear at Macy’s famous Herald Square location in New York City. Nike is in a race for cash.

SandboxAQ said on Wednesday it has raised more than $300 million in funding, valuing the startup spun off from Alphabet at $5.6 billion, as it aims to fast-track the development of advanced artificial intelligence systems for computation. The new funding, from investors including New York-based investment firm Fred Alger Management, T. Rowe Price, and Breyer Capital, will be used to accelerate the development of its large quantitative models (LQMs) and other AI applications in industries from healthcare to finance. This follows a $500 million fundraising last year to build its quantum computing platform to serve business customers.

Subscribe to enjoy similar stories. Despite a dull first half of FY25 (H1FY25), shareholders of Coromandel International are brimming with optimism. The fertiliser firm’s stock hit a new 52-week high of ₹1,882 on Wednesday, taking its returns so far this calendar year to 45%.

Billionaire author and philanthropist MacKenzie Scott acknowledged $2 billion in 2024 donations in a blog post on Wednesday, bringing the total she’s given away since 2019 to $19.2 billion

New York prosecutors are using a 9/11-era anti-terrorism law in their case against the man charged with killing UnitedHealthcare’s CEO

MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving

Harit Nagpal, Managing Director and CEO of Tata Play Ltd., recently sparked controversy on social media by using the term «rent» to describe the hiring of employees. In a LinkedIn post, Mr. Nagpal emphasized the importance of embracing the unique perspectives and attitudes of hired individuals, granting them the freedom to grow. In return, he explained, their increased knowledge and confidence would contribute to the company’s success. However, his choice of words in the opening line—"rent people"—left many readers puzzled. His post read, “Don't build careers. Rent people. This isn't their first job. They won't retire here. Allow them to bring their beliefs and attitudes with them. Let them be and do what they couldn't where they were before. As their knowledge and confidence grows, they will learn to fly and make you soar too. And when they leave, they'll encourage others like them to join you.” The post, shared a few days ago, has since garnered significant attention and sparked varied reactions. While some praised his insight, others found the phrasing difficult to overlook.

Embattled Chinese autonomous trucking company TuSimple has rebranded to CreateAI, focusing on video games and animation, the company announced Thursday.

delinquencies in microfinance loans was mainly due to factors such as political disruptions, weather events, and excessive lending, according to industry executives speaking at a webinar hosted by rating agency Icra. Rural households have increasingly prioritised essential expenses and secured loan repayments over microfinance obligations in recent months, contributing to rising defaults. However, executives are optimistic about an improvement in the sector's performance in the next fiscal year.

global capability centres (GCCs) reward leadership with handsome base salaries, bonuses and stock options, executive search and hiring firms like EMA Partners, Insist Consulting, Michael Page, Randstad, Teamlease and Avsar said. While US CXO salaries have grown by 15% between 2020 and 2024, Indian counterparts have seen a rise of nearly 40% in the same period, according to data from recruitment firms. Although the difference between leadership remuneration is vast in absolute terms, when adjusted for purchasing power parity (PPP) and factors such as cost of living and inflation, the difference has narrowed, experts said.

According to Teneo's latest CEO and Investor Outlook Survey, 56% of UK-based businesses took into account listing abroad in 2024, up from 27% a year before. The latest figures came after a year which saw the London Stock Exchange suffer its largest exodus since the 2009 financial crisis. According to data from the London Stock Exchange Group, a total of 88 companies have delisted or transferred their primary listing from London's main market in 2024, with a mere 18 taking their place.  Over the past couple of weeks, FTSE heavyweight Ashtead Group became the latest company to announ...

When 44-year-old Michael Bruun, the London-based co-head of global private equity at Goldman Sachs, invested in Swedish battery maker Northvolt in July 2022, he wrote on LinkedIn that he was «proud» to do so. 

Identity verification startup Bureau has secured $30 million in a fresh equity funding round led by US venture firm Sorenson Capital and PayPal Ventures. Existing investors Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital and XYZ Ventures also participated in the round. While this is primarily a fresh infusion into the company, there is a small secondary component where some of Bureau’s early investors and employees have sold their shares. This round takes the overall funding raised by the company to around $50 million.

The world’s largest maker of batteries for electric vehicles says it will get into battery swapping in China in a big way starting next year

Pacific Gas & Electric Co. could receive up to $15 billion in federal loans to help the utility modernize its power grid and expand clean energy infrastructure across central and northern California

Italy's UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout of the German lender.