CEO Financial News

Zee Entertainment Enterprises Limited (ZEEL) has formed an interim committee consisting of senior executives to oversee the company's operations after the Securities and Exchange Board of India's (SEBI) interim order against MD and CEO Punit Goenka and Chairman Emeritus Subhash Chandra Goenka was upheld by the Securities Appellate Tribunal (SAT). According to an interim order issued by the SEBI on June 12, the Goenkas have been prohibited from serving as directors or holding any key managerial position in any listed company or its subsidiaries until further directives due to the alleged siphoning and round-tripping of funds.

Binance CEO Changpeng Zhao (CZ) has confirmed that his exchange is laying off people, but said numbers reported in the media are “way off.”

Vistara CEO Vinod Kannan on Monday said the airline will submit its response to the Competition Commission's queries on the proposed merger with Air India by the end of this month and expressed confidence of receiving all regulatory approvals by early next year. The Competition Commission of India (CCI) has sought more details on the merger of Vistara with Air India, a deal that was announced in November last year. «There are certain questions that have been asked.

Fox Corp on Monday named Anjali Sud, the former longtime head of video-sharing platform Vimeo, as the chief executive of its streaming service Tubi. Sud recently stepped down as the CEO of Vimeo, after about nine years at the streaming platform.

Ritesh Shukla, CEO of NPCI International Payments Ltd (NIPL), a wholly owned subsidiary of National Payments Council of India (NPCI), Monday said after a successful launch in Singapore and France, the Unified Payments Interface (UPI) is likely to enter the North America market and other Middle-eastern countries in the coming months. However, he did not give any definite timeline for the launch. “In terms of more interoperability partnerships like what we did in France and Singapore, we will focus on countries which are of importance to Indians when they travel abroad or where we have significantly large Indian diaspora residing like the Middle East and North America and these are the target market for us in the coming days" reported Moneycontrol quoting NIPL CEO as saying in an interaction.

NEW DELHI : India is organizing a global food regulators’ summit to discuss crucial aspect of food safety measures, health minister Mansukh Mandaviya said on Monday while unveiling the logo and brochure of the event. “We have been talking on food regulation but discussions on food safety are being organized for the first time in India. India is one of the countries which discussed food safety centuries ago—around 2000 years back—through preventive actions.

FanCode has acquired the digital rights of FIFA Women’s World Cup 2023 from 1Stadia and will livestream all the matches across India on its digital platform. As per the company, the matches can be watched on FanCode’s mobile app, TV app available on Android TV, Amazon Fire TV Stick, Jio STB, Samsung TV, Airtel XStream, OTT Play and on the FanCode website.

telecom technologies will be employed in the current fiscal, a top official of the Telecom Sector Skill Council said on Monday. The Telecom Sector Skill Council (TSSC) also announced setting up a new Centre of Excellence for Skill Development Training in collaboration with Finnish telecom gear maker Nokia at Kaushalya — The Skill University campus in Ahmedabad.

Austin, TX, United States & Gurugram, Haryana, India – Business Wire India  AlarmZ, a leading player in the cryptocurrency communications space, has launched its pre-sale as it seeks to revolutionize crypto risk mitigation management. With regulators worldwide actively developing new tools for effective monitoring of the risks associated with cryptocurrencies amid concerns over the growing interconnectedness between the traditional financial market and the crypto market, AlarmZ provides a standout solution that simplifies portfolio management for both new and experienced traders. The fast-paced and fragmented nature of the crypto world presents several challenges for traders, including managing multiple crypto addresses from different exchanges and real-time monitoring.

As Americans with student loan debt brace for their monthly payments to restart and recover from the recent sting of the Supreme Court's ruling against loan forgiveness, some groups are looking to the workplace as a firewall to funnel aid to borrowers.

Reuters said that governments across the globe are looking at ways to mitigate the dangers of growing AI technology which has the potential to change the global economy and international security landscapes. The hype around AI and its regulation grew after the advent of generative AI technology like OpenAI's ChatGPT and Google Bard.

Jack Gance, the billionaire businessman behind Chemist Warehouse, says the board of Bubs has no plan and no chief executive, warning the brand’s value could be “lost in almost the blink of an eye”.

New Delhi: Malaysia-based clean energy solutions provider Gentari has appointed Navjit Gill as its new country head for India, effective 10 July, the company said in a press release. Navjit brings 34 years of experience in the energy and marine sectors to his new role, and was previously the CEO of First Energy Pvt Ltd and the Chief Commercial Officer at SB Energy.

New Delhi: Consumer appliances company Hindware Home Innovation Ltd on Monday announced the appointment of Salil Kapoor as the company’s new chief executive officer (CEO), effective 11 July. Kapoor will lead the consumer business overseeing both consumer appliances and retail divisions along with the water heater JV with Groupe Atlantic of France. Kapoor joins from Orient Electric where he was business unit head of appliances.

job market in doldrums? That’s what Kartik Mandeville, the CEO of an IT startup Springworks, was left wondering after he received over 12,000 resumes in a span of 48 hours, for some remote job roles. Taking to Twitter, the entrepreneur wrote, “ Received over 3K resumes in the last 48 hours just on our website — how bad is the job market?”. He further went on to add that the job postings were not shared on any popular job portals such as LinkedIn, Naukri, and Glassdoor but were only shared on the company website.

Unity Bank CEO James Hughes provides insight on earnings on Making Money with Charles Payne.

New Delhi: Strategies aimed at promoting Mobility as a Service (MaaS) should prioritize seamless integration and offer multiple options to consumers to encourage the adoption of shared mobility, according to a report released by the Confederation of Indian Industry (CII). The report, titled “MaaS (Mobility as a Service)," recommends the establishment of a first loss fund mechanism to facilitate increased lending for the purchase of electric vehicles (EVs).

New Delhi: Strategies aimed at promoting Mobility as a Service (MaaS) should prioritize seamless integration and offer multiple options to consumers to encourage the adoption of shared mobility, according to a report released by the Confederation of Indian Industry (CII). The report, titled “MaaS (Mobility as a Service)," recommends the establishment of a first loss fund mechanism to facilitate increased lending for the purchase of electric vehicles (EVs).

Deutsche Bank has promoted its chief operating officer in the UK and Ireland to interim chief executive for the countries following Tiina Lee's exit to Citigroup.

generative AI. This game-changing technology has already begun to change different industries, and its impact on the job market is evident.

Sheela Foam, India’s largest home mattress manufacturer, is set to acquire rival Kurlon Enterprise, the maker of Kurl-on mattress, and furniture rental company Furlenco said multiple people aware of the development. The announcement to buy stake in both companies is likely to be announced in the next few days. Sheela Foam will acquire Kurlon Enterprise at a valuation of Rs 2,200 crore while it would infuse a primary fund of Rs 350-400 crore to buy controlling stake in Furlenco at a valuation of Rs 1,200-1,500 crore, the people said on condition of anonymity.