CEO Financial News
26.07 / 12:55
UPS
Lowe's
Manufacturing
CEO
performer
Syngene Q1 Results: PAT up 26% to ₹93 crore, revenue rises 26% to ₹832 crore
Syngene International on Wednesday announced the results for the quarter ended June, 2023, and reported a PAT (profit after tax) of ₹93 crore, which is 26% up YoY. Apart from this, the firm also reported that the quarterly revenue was up 26 percent year-on-year to ₹832 crores, it said in a stock regulatory filing.
26.07 / 12:13
COST
UPS
CEO
Airlines
Boeing
Boeing boosts monthly 737 production to 38, posts upbeat earnings
(Reuters) -Boeing said on Wednesday it was ramping up production of its bestselling 737 MAX narrow-body jet to 38 per month from 31, a sign the planemaker was recovering from a supplier error that had scuttled its plans for an early ramp up.
26.07 / 12:13
Target
MET
Manufacturing
CEO
Microchip
country
Stellantis
Support
Stellantis wants Italy government support to hit million model mark
MILAN (Reuters) — Stellantis CEO Carlos Tavares said a production target of one million vehicles in Italy it is discussing with Rome was well within reach but it could not be a one-sided commitment and the government must support it.
26.07 / 11:53
FIVE
CEO
Strategy
Software
Tech Mahindra Q1 Results: Headcount plunges 9% by 4,103 in June quarter
Tech Mahindra announced the June quarter results on Wednesday and reported a 13 percent IT attrition rate for Q1FY24, a 9 percent increase from 22 percent in the corresponding quarter of last year. The total headcount of staff -- including software and professionals, BPO professionals, and sales and support -- stood at 1,48,297 for the quarter ended 30 June, 2023, down 4,103 quarter-on-quarter. This was a 2.7 decline QoQ and 6.2 percent YoY.
26.07 / 11:53
Provident
Digital
Progressive
CEO
Strategy
Enterprise
services
Hitachi Payment Services to acquire cash management biz of Writer Corp
Mumbai: Payment solutions provider Hitachi Payment Services on Wednesday said it has entered into an agreement with Writer Corp, a multi-business enterprise, to acquire its cash management business. Writer Safeguard, the cash management business of Writer Corp, has been providing services including ATM cash replenishment and retail cash pick-up services to corporate clients in India since 2001.
26.07 / 11:45
UPS
CEO
performer
Mahindra Lifespaces Q1 pre-sales Rs 345 crore, industrial land leasing Rs 14 crore
Mahindra Lifespace Developers, the real estate and infrastructure development business of the Mahindra Group, has clocked pre-sales of Rs 345 crore and industrial land leasing worth Rs 14 crore during the quarter ended June. The company has reported a net loss of Rs 4.3 crore In the June quarter against a profit of Rs 75.4 crore a year ago.
26.07 / 11:41
Provident
FIVE
Manufacturing
CEO
Airlines
Boeing
country
boost
Indian
Air India aims to boost Indian cargo ecosystem, eyes 300% growth in 5 years
Air India has placed orders for wide-body aircraft of 34 A350-1000, six A350-900, 20 Boeing 787 Dreamliner, and 10 Boeing 777X wide-body aircraft, thus bolstering India’s cargo ecosystem, the airline announced on Wednesday. “At Air India, we see a huge potential in the air cargo industry, which the Indian Government plans to grow to 10 million tonnes by 2030.
26.07 / 11:24
Microsoft
Google
CEO
OpenAI, Microsoft, Google and Anthropic create forum to regulate machine learnings models
OpenAI, Microsoft, Alphabet's Google and Anthropic are launching a forum to regulate the development of large machine learnings models, the industry leaders of artificial intelligence said on Wednesday. The group will focus on ensuring safe and responsible development of what is called "frontier AI models" that exceed the capabilities present in the most advanced existing models.
26.07 / 11:24
Manufacturing
CEO
BDK Valves & Gurukrupa Group complete 100% acquisition of Theis Precision
Tata Steel Ltd., specializes in specialty cold rolling of high/medium carbon steels in India. The company is also the only manufacturer of precision hot-rolled solid steel profile sections.
26.07 / 11:18
UPS
FIVE
CEO
Adobe
Executive
Dentsu X India appoints Jose Leon as chief executive officer
Brand and marketing agency, Dentsu X, an agency of Dentsu Aegis Network India Private Limited, has announced the appointment of Jose Leon as its chief executive officer. He will report to Anita Kotwani, the CEO for media for South Asia at Dentsu. He has about 26 years of work experience and has helped brands build revenues across industries, the company said.
26.07 / 11:17
Citi
CEO
Starbucks
performer
surges
Tata Consumer Q1 Results: Profit surges 30% YoY to Rs 359 crore; revenue rises 12%
Tata Consumer Products on Wednesday posted a consolidated net profit of Rs 359 crore in the first quarter. This is higher by 30% when compared with Rs 277 crore in the last-year period. Revenue from operations during the quarter rose 12% year-on-year to Rs 3,741 crore.
26.07 / 10:07
26.07 / 10:07
Provident
Extreme
Career
CEO
show
exclusive
ousted
politician
NatWest Bank CEO ousted after furor over politician Nigel Farage's bank account
NatWest, one of Britain’s biggest banks, says its chief executive has left her job after discussing personal details of a client — the populist politician Nigel Farage — with a journalist
26.07 / 10:07
26.07 / 10:07
UPS
CEO
performer
Stellantis
Stellantis profits soar 37% in first half of the year as electric vehicle sales rise
U.S.-European carmaker Stellantis has reported a 37% boost in earnings in the first half of the year
26.07 / 10:05
Aviat
CEO
Merit
Airlines
IndiGo says working with Pratt & Whitney amid latest engine probe
NEW DELHI (Reuters) -IndiGo operator InterGlobe Aviation said on Wednesday it is working with Pratt & Whitney to assess any potential impact on its fleet, after a warning from the U.S. engine maker spooked global airlines.
26.07 / 10:05
UPS
Target
VISA
CEO
Inside
Cross-border
Visa tops estimates as cross-border spending boosts results; seen as a core LT holding
Investing.com — Visa (NYSE:V) beat expectations on adjusted profit and revenue as cross-border payment volume remained strong.
26.07 / 08:43
UPS
VISA
CEO
exclusive
Deal
Adani, Visa sign deal to bring co-branded cards for travellers
Visa said it has signed a co-brand agreement with Indian billionaire Gautam Adani's conglomerate. The co-branded cards are set to attract as many as 40 crore travellers and users via the benefits of retail, airports, and online travel services that it aims to bring to the table. «This partnership will give the payments giant access to 400 million customers through Adani’s airports and online travel services,» said Visa's CEO Ryan McInerney in a conference call with analysts.Adani group at present runs seven airports in India.
26.07 / 08:43
UPS
Target
CEO
stake
Mahindra group buys close to 5% stake in RBL Bank, shares jump
Mahindra group entity has acquired close to 4.9% stake in RBL Bank through open market route. Under RBI norms, if the shareholding of one company reaches 5% in a bank, the RBI’s approval is needed for any further stake buy. RBL shares were up 4%, trading at Rs 232 apiece on BSE.
26.07 / 08:21
UPS
FIVE
CEO
Sony
social
ITR Filing Due Date Extension: Is the govt looking to extend the deadline to aid flood-affected areas?
ITR Filing Due Date Extension: The tax season is here and all taxpayers are rushing to file their income tax returns (ITRs) for FY 2023 so that they do not land up paying fine by missing the last date. The deadline for filing ITR for the assessment year 2023-2024 is July 31, 2023. After Revenue Secretary Sanjay Malhotra said that an extension of the date was unlikely, taxpayers have no other option rather rush to complete the task in the next five days.
26.07 / 08:09
CEO
SVB
PacWest
show
Lenders announce merger as shockwaves from SVB collapse rumbles on
PacWest, a regional bank that was severely impacted by the banking crisis, has reached an agreement to merge with Banc of California, showing that the repercussions of Silicon Valley Bank’s collapse are still ongoing.
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