CEO Financial News

14.07 / 04:31

COST CEO JPMorgan Chase Parke JPMorgan Chase is set to report second-quarter earnings — here’s what the Street expects

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14.07 / 03:09

Digital Citizens SEC CEO Arrow network NOT Founder of crypto lender Celsius Network pleads not guilty to fraud charges

Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, pleaded not guilty Thursday to U.S. fraud charges that he misled customers and artificially inflated the value of his company's propriety crypto token. Three federal regulatory agencies also sued Mashinsky and Celsius in connection with the case.

14.07 / 03:09

MET Disney LEGO CEO Action Hollywood shuts down as actors go on strike

Hollywood actors will go on strike at midnight Thursday, effectively bringing the giant movie and television business to a halt as they join writers in the first industry-wide walkout for 63 years. The Screen Actors Guild (SAG-AFTRA) issued a strike order after last-ditch talks with studios on their demands over dwindling pay and the threat posed by artificial intelligence ended without a deal.

14.07 / 02:09

COST McDonald's CEO network Van Onselen loses Network Ten contract breach lawsuit

Former Network Ten political editor Peter van Onselen has lost a contract breach lawsuit against his former employer over a scathing column he wrote in The Australian.

14.07 / 01:05

COST UPS Booking Manufacturing CEO Software Deal Strong deal pipeline will translate into revenues: HCL Tech CEO C Vijaykumar

C Vijayakumar, CEO and managing director of HCLTech, said after the $12.6-billion company missed profit and revenue estimates for the first quarter of 2023-24 due to weakness in ER&D and telecom spends. Yet, India’s third largest software company has maintained its revenue growth guidance of 6-8% and 18-19% operation margin for the fiscal year. The company is confident about converting its existing deals pipeline into strong revenue growth over the next few quarters and sees an increasing number of cost optimisation opportunities balancing out the lack of discretionary projects in the market, Vijayakumar told ET’s Romita Majumdar, Sai Ishwarbharath andSurabhi Agarwal in an interview.

14.07 / 01:05

COST Manufacturing CEO Action Software TCS NOT Jobs scandal code of conduct violation, not systemic failure: TCS CEO K Krithivasan

recruitment scandal at India’s largest software exporter Tata Consultancy Services (TCS) was a one-off code of conduct violation and not a “systemic failure,” said CEO and MD K Krithivasan, 58, adding that the incident was swiftly dealt with and has had no impact on relationships with clients. The $27.92 billion Indian IT company expects the demand environment to be muted. Customers are reassessing technology spends and postponing non-critical engagements, he told Romita Majumdar and Surabhi Agarwal in an interview.

13.07 / 21:07

COST Maxim CEO Strategy Saving for college hurts retirement for nearly 60%, survey says

Planning for retirement and saving for college are increasingly becoming competing priorities — and many parents are staying in the workforce longer because of it.

13.07 / 20:19

UPS CEO Strategy TCS SENSEX Wipro’s revenue declines, industry outlook bleak

BENGALURU : Wipro Ltd saw its quarterly dollar revenue decline 2.1% in the June quarter, after Tata Consultancy Services (TCS) Ltd and HCL Technologies Ltd reported tepid numbers earlier, raising concerns about the sluggish growth of India’s $245 billion IT services industry in the current fiscal year. Worryingly, Wipro has forecast that its revenue could contract again in the September quarter. The country’s fourth-largest IT services firm estimates revenue could fall by 2% or improve by 1% in constant currency terms.

13.07 / 20:19

Citi Aviat CEO Airlines Boeing Enterprise Metro Akasa Air is a long-term bet for Jhunjhunwala family: CEO

NEW DELHI : Akasa Air is a long-term investment for Rare Enterprises and the Rakesh Jhunjhunwala family, the airline’s founder and chief executive officer Vinay Dube said, pointing to the lengthy investment horizons of the late legendary investor. “If you look at Rakesh’s average holding time, I believe you will see the average holding time from his equity investments is over nine years. Whatever chatter (about dilution of stake) is so inconsistent with decades of investment that Rakesh has made.

13.07 / 20:19

CEO Deloitte Byju’s taps Mohandas Pai, Rajnish Kumar for board advisory council

NEW DELHI : Edtech giant Byju’s on Thursday named former State Bank of India chairman Rajnish Kumar and former Infosys chief financial officer T.V. Mohandas Pai to a newly formed council to advise its board.

13.07 / 19:59

UPS CEO St. Louis Fed president James Bullard to step down

Investing.com -- St. Louis Federal Reserve President James Bullard announced Thursday that he is stepping down from the bank on Aug. 14 to become the inaugural dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University.

13.07 / 19:11

COST CEO hospital bail fraud case Fraud case: Court refuses medical bail to Dheeraj Wadhawan, allows treatment at private hospital

Dheeraj Wadhawan, promoter of now non-existent Dewan Housing Finance Ltd (DHFL), who has been arrested in a case pertaining to alleged fraud at Yes Bank. Special CBI court Judge M G Deshpande rejected Dheeraj Wadhawan's medical bail plea, but allowed him to undergo treatment at a private hospital for a heart-related ailment.

13.07 / 18:51

COST SEC CEO Broker Closing broker-dealer’s financials ‘were horrible’

A small broker-dealer based in Scottsdale, Arizona, that sold bonds issued by the bankrupt GWG Holdings Inc. is closing down.

13.07 / 18:39

UPS Booking CEO Action Assurant Will advise on governance, structure at Byju’s: Kumar

What’s your brief as an advisory board member? My brief would be to basically advise them on governance matters and organizational structure. We will use our experience in governing large corporations. They know their job of running a startup very well.

13.07 / 17:57

UPS Ripple XRP SEC CEO Platform Judge gives Ripple partial win in SEC case over XRP cryptocurrency

By Jody Godoy

13.07 / 17:57

CEO Strategy Mercedes-Benz Tianqi Lithium invests $150M as EV brand Smart seeks additional funding

Smart, a joint venture of Germany's Mercedes Benz (OTC:MBGAF) and China's Geely Automobile Holdings (OTC:GELYY), revealed Thursday its intentions to pursue series-A funding in order to secure $250-300 million. The objective behind this fundraising initiative is to strengthen its long-term sustainable development strategy while expediting its global expansion efforts.

13.07 / 17:37

Twitter Digital SEC CEO Platform Action CoinMarketCap Former Celsius CEO charged with fraud in latest DOJ crypto case

Alex Mashinsky, the former chief executive of Celsius Network Ltd., was accused by prosecutors of orchestrating a years-long scheme to mislead customers about the financial health of his failing crypto lender and manipulate cryptocurrency prices for his own profits.

13.07 / 17:31

UPS CEO Deloitte BAC NOT Arjun Mohan working with Byju’s, but not int’l CEO

MUMBAI : Arjun Mohan, the former chief executive officer of upGrad and former chief business officer of Byju’s confirmed on Thursday that he is working with Byju’s co-founder Raveendran on “multiple things" but said he hasn’t been roped in for the role of international CEO. Responding to queries from Mint, Mohan said, “I am working with Byju’s founder Byju Raveendran on multiple things but I have not joined the company on this role." He didn’t respond to follow up messages requesting details on the scope of his current role in Byju’s. A spokesperson for Byju’s declined to comment.

13.07 / 17:21

Citi CEO RIO The Real Housewives of New York City Season 14: Premiere date and new cast member details

Housewives of New York City, including a former top executive of J Crew and an Indian-origin fashion publicist.

13.07 / 17:03

UPS Ball Career CEO Adobe Dreams Indian cricket Cricket arrives in US as Indian Americans, billionaire replicate IPL

Anurag Jain has loved cricket his entire life, but after learning how much players made he ditched his dream of making a career of it and ultimately went into business. These days he’s the managing partner of Perot Jain, a venture capital firm he co-founded with Texas billionaire Ross Perot Jr. If things go to plan, Jain could have a far greater impact on the game than he ever could with a bat and ball. Jain is part-owner with Perot of the Texas Super Kings, a team created this year based in Dallas. On Thursday evening, Jain’s team, which is also backed by India’s Chennai Super Kings, will host the Los Angeles Knight Riders in Major League Cricket’s first game in the US.

13.07 / 15:57

UPS Provident CEO Kolte-Patil Developers April-June sales Rs 701 crore, up 58% on-year

Realty developer Kolte-Patil Developers has recorded 58% on-year growth in sales at Rs 701 crore for the quarter ended June led by strong volumes achieved on the back of new launches and existing sustenance inventory. Sales volume rose 52% from a year ago to 9.30 lakh sq ft and collections rose 8% to Rs 513 crore.

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