CEO Financial News

By Nick Carey, Paul Lienert and Victoria Waldersee

employees feel unwanted at work at least sometimes, highlighting the need for stronger employee engagement initiatives, finds a new survey. More than a third of respondents (34%) considered changing jobs due to negative emotions at work, while nearly a third (28%) actually tried to change jobs, according to the 'Belonging in the Workplace' report by workplace experience and facilities management company ISS.

By David Shepardson and Mrinalika Roy

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. The drop in net worth to $234.4 billion is the seventh-largest decline ever among those in the Bloomberg Billionaires Index, and further narrows the wealth gap between Musk and Bernard Arnault, the world’s two richest people.

CNBC. The failed exchange claims that the alleged transfers took place between February 2020 and November 2022, when FTX filed for Chapter 11 protection.

InfosysInfosys has trimmed its revenue guidance for FY24 on weak global macro environment. The company now sees its revenue growing at just 1-3.5% in constant currency terms.Indiamart IntermeshIndiaMart InterMesh's consolidated net profit jumped 78% to Rs 83 crore for the first quarter ended June.

ET Intelligence Group: FMCG major Hindustan Unilever's (HUL) performance in the June quarter — the first under new CEO Rohit Jawa — was rather modest.

Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius, has been arrested, as he and his company faces lawsuits from U.S. financial regulators.

New management at bankrupt crypto exchange FTX has filed a lawsuit against former Chief Compliance Officer (CCO) Daniel Friedberg, alleging he enabled fraud and paid «hush money» to prevent employees and their attorneys from exposing those fraudulent activities.

By Rae Wee

The Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow the faster flow of cash for businesses and individuals.

By Shivansh Tiwary

Aurobindo Pharma, India's second-largest drug maker by revenue, has set its sights on becoming a $5 billion revenue company within the next 4 to 5 years. To fuel growth, the Hyderabad-based company will be making substantial investments on product development and clinical trials, to build a pipeline of complex and differentiated products encompassing biosimilars, vaccines, peptides, metered dose inhalers, and patches.

The supercomputer, which was unveiled Thursday by Cerebras, a Silicon Valley startup, was built with the company's specialized chips, which are designed to power artificial intelligence products. The chips stand out for their size — like that of a dinner plate, or 56 times as large as a chip commonly used for AI. Each Cerebras chip packs the computing power of hundreds of traditional chips.

Besides Stockton Rush, entrepreneurs of Pakistan origin Suleman Dawood and Shahzada Dawood, British adventurer Hamish Harding, and French citizen Paul-Henri Nargeolet were killed when the OceanGate submersible Titan imploded, killing all onboard. They were on an adventure trip as well as a research mission and wanted to reach near the debris of the submerged iconic ship Titanic. Participating in a program called ‘60 Minutes Australia’, submarine operator and a friend of Stockton Rush, Karl Stanley said that he had warned the OceanGate CEO about the submersible. Stanley claimed that Rush definitely knew that the mission would end this way. He went to the extent of accusing him of murdering these persons and making them pay for this. Describing his experience of going on a test diving in the Bahamas in 2019, he said that he had heard gun-shot-like noises every three to four minutes. He also said that he had raised his concerns about the carbon fiber hull and warned that it would worsen. He added that he had no doubts that it was the carbon fiber hull that failed. The two friends had a heated exchange of calls and emails. Multiple agencies are investigating the incident. The US Coast Guard, the UK Marine Accident Investigation Branch, and the Transportation Safety Board of Canada are probing the mishap from different angles. Structural titanium rings were seen at the front and rear of the submersible in the pictures of the fragments of the submersible. Scientists believe that extreme pressure at the depth of the ocean might have caused the implosion. Stanley is the owner of Stanley Exploration, a deep-sea exploration company, based in the Latin American country of Honduras.

MUMBAI : Billionaire banker Uday Kotak’s recent letter to Kotak Mahindra Bank (KMB) Ltd’s shareholders has displeased the Reserve Bank of India (RBI), which thinks the letter’s reference to “Arjuna’s eye" and other such mentions are a veiled criticism of the central bank governor Shaktikanta Das, a person aware of the matter said. Kotak, in his last shareholder letter as managing director of KMB before stepping down at the end of this year, expressed concerns about the impact of over-regulation on the entrepreneurial spirit of financial sector companies. “I feel the financial sector players risk becoming more robotic, curbing the entrepreneurial flair since the fear of making a mistake overrides the joy of creation and development," he said.

Investing.com — U.S. stocks were mixed on Thursday, as investors digested a deluge of corporate earnings, especially from tech giants.

RISC Zero, a startup that builds zero-knowledge (ZK) proof software, has raised $40 million in a Series A funding round led by the major crypto-focused investor Blockchain Capital.

Open Society Foundations said Wednesday that they plan to limit new grantmaking until February, as the nonprofits transition to a new operating model

President Joe Biden is courting unions as a cornerstone of the United States' economic future with a speech at a Philadelphia shipyard

A private foundation launched in 2020 to help raise funds for the World Health Organization has reported that nearly 40% of its donations so far came from anonymous donors