CEO Financial News

25.07 / 08:43

UPS Amazon CEO Walmart Nintendo love Why Walmart is trouncing Amazon in the grocery wars

the $13.7bn acquisition of Whole Foods Market in 2017, it followed some oddball attempts to strengthen its grocery business, some conceived by Jeff Bezos himself. One was to develop an “ice-cream truck for adults", driving into neighbourhoods with lights flashing and horns honking, to sell porterhouse steaks, Shigoku oysters, Nintendo games and other goodies. It was quietly shelved.

25.07 / 08:43

Blockchain CEO Crypto gaming startup Kandle raises $1.7 million from Saama, others

crypto fantasy GameFi project Kandle has raised $1.7 million in a seed funding round led by Saama. PointOne Capital, Cloud Capital, Good Capital, Founder’s Room, Seeders Fund, and CoinDCX CEO Sumit Gupta also participated in the round. GameFi is a fusion of blockchain technology, gaming and decentralised finance, and allows players to earn cryptocurrency and NFTs by playing games on the network.

25.07 / 08:43

UPS Cooper CEO Strategy performer beautiful Unilever quarterly results beat market expectations, shares up 5%

leadership What makes this quarter's result more interesting for the investors is the fact that it is the first set of results under Chief Executive Hein Schumacher. It will also help investors in understanding the nature of Schumacher's strategy to revive the company's sluggish performance.

25.07 / 08:27

Digital CEO Asian Paints Q1 results: Net profit jumps 52% to ₹1,575 crore; revenue growth at 6.6% YoY

Asian Paints reported 52% year-on-year rise in consolidated net profit at ₹1,574.84 crore in the first quarter ended June 2023. The company's net profit in the corresponding quarter last year was ₹1,036.03 crore.

25.07 / 07:57

CEO Platform Racing Software Enterprise Sonata Software joins AI race, launches Harmoni.AI

artificial intelligence (AI). In a statement, the company says that generative AI represents one of the latest advancements in artificial intelligence. By leveraging vast training datasets and neural network technology, AI models are capable of generating original, human-like content.

25.07 / 07:43

Digital Disney CEO Entertainment track star Viacom18 ropes in Disney Star's Alok Jain as president

Alok Jain, who quit Disney Star recently, has joined Viacom18 as President and Head of Colors Hindi and Regional, with an additional mandate to oversee the regional digital content rollout. The hiring comes at a time when Viacom18 is focused on making Colors the top Hindi GEC in the nation. Jain will effectively be Viacom18 CEO for TV business and digital-regional content Kevin Vaz's deputy in the Viacom18 hierarchy.

25.07 / 07:05

CEO Woolworths, Coles: shoppers seek value and cheaper in season produce

Woolworths chief commercial officer Paul Harker has warned a parliamentary committee on the economy it will be some time before our food systems return to an “even keel” but fresh fruit and vegetable prices are down about 6 per cent from their peak in September and red meat prices are stabilising.

25.07 / 07:05

UPS FIVE CEO Action UBS performer Downer EDI shares rebound, new CEO under pressure to deliver

Downer EDI’s new management team is under pressure to deliver on revised earnings forecasts next month as investors become more confident about the company’s financial outlook, pushing its shares up 24 per cent over the past two months.

25.07 / 06:37

COST Target CEO show Canara Bank confident of managing NIM at around 3%, expects 12-14% credit growth: MD

K Satyanarayana Raju, MD & CEO, Canara Bank, says “for the entire financial year, the bank has given a guidance of 3.05 NIM. Last year, cumulative NIM was 2.92. The current quarter, we were able to show a NIM of 3.05.

25.07 / 06:37

UPS Target Booking CEO show performer Next few quarters are going to be really good for HFCs and NBFCs: Girish Kousgi, PNB Housing Finance

«Quarter one would always be muted after a very good quarter four. I think in any year, quarter four is the best quarter and after that quarter will be muted and again it picks up from quarter two onwards,» says Girish Kousgi, MD & CEO, PNB Housing Finance.Just wanted to begin by understanding what is happening with respect to loan growth because if I have it right, the annual target that you had suggested for the year was a growth of around 17% to 18%. But this quarter, it was a little lower at around 11%. We do understand the seasonality, but would you be confident about that target of 17% to 18% growth?I think if you look at any year, quarter one would be muted both in terms of asset quality as well as growth.

25.07 / 06:37

COST Citi CEO performer electronic Retail leasing grows 24% year-on-year in the first half of 2023

Retail leasing in India witnessed a 24% Y-o-Y growth in Jan-June’23 period and a 15% increase compared to Jul-Dec’22 period, according to a CBRE report. Total leasing during Jan-Jun’23 stood at 2.87 mn sq ft compared to 2.31 mn sq ft (Y-o-Y). Bangalore, Delhi-NCR, and Ahmedabad collectively accounted for a cumulative share of 65% in leasing activity during the first six months this year.

25.07 / 05:25

COST CEO Platform cover Stock market: Zerodha has this good news for options traders

Zerodha's Nithin Kamath on Monday announced that Sensibull will be free for all Zerodha options traders. “We have good news for all @zerodhaonline option traders,@BeSensibull will now be completely free. We cover the costs so that @abidsensibull & Team can focus on only one thing: Help option traders do better," Kamath tweeted.

25.07 / 04:25

CEO Mobile reports Mahindra Logistics Q1 Results: Firm reports Rs 9 crore loss

Mahindra Logistics on Monday posted a consolidated net loss of Rs 9 crore for April-June 2023-24. It had posted Rs 13 crore net profit in the corresponding period of 2022-23, according to a BSE filing.

25.07 / 04:13

Binance Reuters CEO Binance, CEO plan to seek dismissal of CFTC complaint

(Reuters) -Binance and its CEO and founder Changpeng Zhao are planning to seek dismissal of a Commodity Futures Trading Commission (CFTC) complaint accusing the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations.

25.07 / 04:05

Target CEO exclusive Strike pitches to MinRes, Hancock for Talon tilt; angry investors meet

The investor pressure at Talon Energy is reaching fever pitch.

24.07 / 19:41

COST FIVE CEO Hennessy stage beautiful Deal LVMH strikes Paris Olympic Games sponsorship deal

PARIS (Reuters) — Luxury giant LVMH unveiled on Monday a deal to sponsor next year's Olympic Games in Paris with top fashion brands Louis Vuitton and Dior, Moet Hennessy champagne and spirits labels and jeweller Chaumet, which will design medals for the event.

24.07 / 19:29

Provident CEO Platform country exclusive Holdings Financial Bandhan Financial Holdings to acquire Aegon Life Insurance

Bandhan Financial Holdings (BFHL) has entered into an agreement to acquire the entire stake of Aegon and Bennett, Coleman & Co. Ltd (BCCL) in Aegon Life Insurance. The insurance buyout will allow Kolkata-based Bandhan, which began as a microfinance company, to expand its remit beyond banking and asset management.

24.07 / 19:21

UPS Provident CEO performer stake TRUE rattles the tin for $20m as it locks down AusSuper fund stake

Specialist fund manager TRUE Infrastructure is on the hunt for $20 million to fund its acquisition of AustralianSuper’s holdings in two infrastructure vehicles managed by London-listed Foresight Group.

24.07 / 19:09

UPS CEO Align Cetera sees 9% of Securian advisors bolt after acquisition

Over the first half of 2023, Securian Financial Services Inc., the broker-dealer and registered investment advisor that was part of the wealth management business of Securian Financial Group, has seen 95 of its more than 1,000 financial advisors leave the firm to join competitors, according to InvestmentNews data.

24.07 / 19:01

Provident Target CEO Bayer BASF FMC Bayer slashes outlook over weak glyphosate demand

By Ludwig Burger and Thomas Escritt

24.07 / 18:13

CEO FTX country FTX Lawsuit Reveals Alleged Plan to Use Island as Doomsday Bunker

A newly filed lawsuit has alleged that the FTX Foundation planned to use the island nation of Nauru as a safe refuge for effective altruists for “some event where 50% - 99.99% of people die.”

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