CEO Financial News

Vedanta Ltd has appointed Arun Misra as Executive Director with effect from August 01, 2023 to May 31, 2025, the company said on Friday. Misra will replace Sunil Duggal, who will be completing his tenure as the Whole-Time Director and CEO on July 31.

Radiohead Brands, makers of Jimmy’s, announced the launch of its energy drink, HUSTLE. In tandem with the launch, the brand has also rolled out its new campaign “Dreams are free, for everything else #HustleModeOn” to encourage today’s youth to pursue their ambitions and achieve their goals.

India’s three key southern cities — Bengaluru, Chennai and Hyderabad — dominated office demand with contribution of 59 per cent of the total office leasing across the top 7 cities during the quarter ended June, according to the quarterly office market report by real estate consultant Vestian, titled ‘The Connect Q2 2023’.

₹5 lakh crore and the apportionment ratio of 4.68% for RSIL to arrive at the net worth of RSIL, which was calculated at ₹23,500 crores. However, RIL stated that this communication is provided for the benefit of shareholders, and the company takes no express or implied liability in relation to this guidance. The CEO of Zerodha said companies normally take time, even after ex-date to announce COA.

Taparia of Motilal Oswal. India VIX was down by 2.50% from 11.78 to 11.48 levels. Volatility cooled off from its highs but is overall trading at its record low zones.

Two years ago chief diversity officers were some of the hottest hires into executive ranks. Now, they increasingly feel left out in the cold. Companies including Netflix, Disney and Warner Bros.

Deutsche BankpromotedNicola Atkinson, its chief operating officer in the UK and Ireland, to interim chief executive for the countries following Tiina Lee's move to Citigroup. Atkinson, who has worked at the German lender since 2005, will take on the CEO position on an interim basis. Atkinson was latterly COO for the UK and Ireland, having taken the role in 2018 after stints in corporate finance and regulatory relationship management at Deutsche Bank.

Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. «It does make sense to sacrifice margins in favor of making more vehicles,» Musk said on Wednesday, noting that Tesla was facing «turbulent times.» Tesla shares fell nearly 10% on Thursday as investors worried that the automaker's margins, which have been in steady retreat for the past year, face further headwinds. But whether Tesla offers additional discounts or not, the tax credits for battery manufacturing give it a competitive edge over rivals that make fewer batteries, Reuters' analysis of the company's second-quarter results shows.

Although downsizing may save money in the long term, it isn’t a cheap exercise. Reports have emerged that leading American financial institutions have shelled out upwards of a billion dollars on termination pay in the first two quarters of this year. This pain is a repercussion of Wall Street’s over-aggressive expansion strategy during the COVID-19 pandemic.

CNN, around 8,000 authors from across the world have written an open letter to CEOs of ChatGPT-maker OpenAI, Facebook-parent Meta, Google, Stability AI, IBM, and Microsoft accusing the AI companies of earning profits from their work. The open letter posted by the Authors Guild was signed by some of the most acclaimed writers including Margaret Atwood, Dan Brown, Michael Chabon, Jonathan Franzen, James Patterson, Jodi Picoult, and Philip Pullman.

BERLIN (Reuters) — JPMorgan (NYSE:JPM) will expand its online bank Chase to Germany and other European Union countries, CEO Jamie Dimon told German newspaper Handelsblatt, a move that increases competition for European rivals in a crowded market.

Maria Lettini recently took the helm at US SIF: The Forum for Sustainable and Responsible Investment. Lettini was previously the executive director of UK-based FAIRR Initiative, which addresses the risks and opportunities of animal agriculture for institutional investors. As the new leader of one of the major industry groups in the country promoting ESG disclosure and sustainable investing, she spoke with InvestmentNews about the challenges in the current environment and the need to engage financial advisors.

Elon Musk’s fortune slumped $20.3 billion Thursday after Tesla Inc. warned it may have to keep cutting the prices of its electric vehicles, sending shares tumbling.

Ati Motors, maker of autonomous industrial robots, on Friday announced the close of its new funding round of $10.85 million. The Series A round was led by True Ventures. Athera Ventures Partners joined as a new investor, while existing investors Blume Ventures, Exfinity Ventures and MFV Partners also participated.

SAP SE (ETR:SAPG) (NYSE:SAP) saw its shares drop over 5% in Frankfurt after the company reported mixed Q2 results and guidance.

TVS iQube electric scooter. The company shared a post on microblogging site Twitter, announcing the same. It said “The versatile Ola S1 Air.

share price of RIL ex-JFSL was valued at ₹2,580 per share while Jio Financial Services at ₹261.85 per share.  In line with RIL's exchange filing on the subject of the cost of equity shares post the demerger, the cost must be apportioned as 95.32% towards Reliance Industries Limited and the residual as cost to acquire holdings in RSIL.  “For instance, if RIL shares were acquired on some day before the demerger at an effective rate of ₹2,800, ₹2,669 (95.32% of ₹2,800) must be considered as the cost of acquiring shares of RIL. The residual ₹131 ( ₹2,800 - ₹2,669) must be considered as the cost of acquiring shares of RSIL for the purpose of computing capital gains," said Abhishek Soni CEO and Co-founder Tax2win Tax and investments expert Balwant Jain said shares are considered capital assets under income tax law, and any gain on their sale is treated as capital gains.

New Delhi: Big Bang Social, the creator marketplace owned by talent management agency Collective Artists Network, has announced the launch of a creator super-app, a platform that enables commerce, brand collaboration, upskilling and a peer-to-peer network for the creator community. “With a tech-first approach to the creator economy, our aim is to streamline India’s largely unorganized creator ecosystem, enabling monetization and revenue growth for creator businesses," Vijay Subramaniam, founder and group CEO of Collective Artists Network said in a statement.

Tata Group-backed Air India is exploring opportunities with tech giant Apple, with the airline's chief executive officer Campbell Wilson visiting Apple headquarters in Palo Alto, US. "Dr Satya Ramaswamy and I, together with some of our colleagues, also spent time at Apple's head office in Palo Alto to explore opportunities for even deeper collaboration," Wilson told the airline's employees in an internal email.

Pension Fund Regulatory and Development Authority (PFRDA) has said that it will allow pension funds to invest in sovereign green bonds (SGrBs). As per a report in PTT, the government is expected to issue sovereign green bonds in the second half of the current financial year.

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, Ethereum, XRP, and Cardano were trading with cuts, while BNB, Dogecoin, and Polkadot were trading with gains. Bitcoin (BTC) fell 1.1% to $29,820, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $15.1 billion, rising 31.47% in the last 24 hours. The global cryptocurrency market cap was trading lower, around $1.2 trillion, falling 0.91% in the last 24 hours. «Bitcoin continued to trade below the US$30,000 mark for another consecutive day, influenced by various factors such as investors taking profits and the strengthening of the US dollar,» Edul Patel, Co-founder and CEO at Mudrex, said.