CEO Financial News

11.07 / 11:41

UPS Digital SEC CEO Patrick Trump Trump-tied SPAC Digital World names Swider as permanent CEO

(Reuters) — Digital World Acquisition has named Eric Swider as CEO, handing the interim boss reins of the blank-check company that is looking to complete its planned merger with former U.S. President Donald Trump's media and tech company.

11.07 / 11:11

UPS Provident Cooper CEO Samunnati facilitates farm gate procurement to direct export of 275 MT of seedless grapes to Netherlands

Samunnati has facilitated farm gate procurement to direct export of 275 MT of Thomson seedless grapes to Netherlands for the grapes season 2023. To ensure a seamless value chain, Samunnati facilitated farm gate procurement, end-to-end primary processing, cold storage, packaging, and certification, all the way up to the export stage. Mr.

11.07 / 10:23

COST Provident Twitter CEO LinkedIn Dukaan lays off 90% staff for AI bot, attributes decision to focus on profitability

Dukaan has replaced 90 per cent of its customer support team with an artificial intelligence (AI) chatbot, founder and CEO Suumit Shah informed on Tuesday. Attributing the decision to prioritising profitability, he said customer support costs reduced by 85 per cent while resolution time went down from over two hours to three minutes. «We had to lay off 90 per cent of our support team because of this AI chatbot.

11.07 / 10:21

IPO Provident CEO Covenant Explainer Indian ETtech Explainer: What are down rounds and will they become the norm for Indian startups?

PharmEasy is planning to raise around Rs 2,400 crore ($291.5 million) through a rights issue, at a 90% discount to its peak stock price, to repay a loan from Goldman Sachs. The Mumbai-based epharmacy, which also owns diagnostics firm Thyrocare, is expected to be valued at $500-600 million — down from the high of $5.6 billion two years ago.

11.07 / 09:51

UPS Cooper Manufacturing CEO RIG Shell Gas code has only delayed new supply: producers

The government’s intervention in the east coast gas market has delayed getting much-needed gas to buyers, in some cases by more than 12 months, say chief executives of small producers who point to policy moves that have made developing gas tougher.

11.07 / 09:47

Provident Waves Waters Extreme CEO DLF’s The Crest recognised by US Green Building Council for energy conservation

US Green Building Council (USGBC) has awarded ‘The Crest’ a residential development by DLF, project of the year as part of its 2023 LEED Homes Awards, which recognises projects, developers and builders that have demonstrated leadership in the residential green building marketplace. “At a time where energy bills are skyrocketing and there are record heat waves across the world, ensuring that our homes are able to withstand the effects of climate change and extreme weather is more important than ever,” said Peter Templeton, president and CEO, USGBC and GBCI.

11.07 / 09:47

Citi Twitter FIVE Manufacturing CEO Interface Nothing Phone (2) may sport 6.7-inch full-HD+ display, 4700mAh battery & 12GB RAM

Nothing is all set to unveil its second generation flagship smartphone Phone (2) in an Known for its iconic transparent design, Phone (2) comes with Snapdragon 8+ Gen 1 chipset. It will be pre-loaded with Nothing OS 2.0, with a new-and-improved user interface. According to Nothing, Phone (2) is one of the most sustainable smartphones with recyclable materials and plastic-free packaging.

11.07 / 09:13

CEO Platform Cleartax Income Tax Return offer: 50% discount on ITR plans for AY 2023-24. Check Eligibility

Income Tax Return filing 2023: ITR filing platform Cleartax has unveiled ‘Cleartax for Heroes’ as a heartfelt tribute to defence personnel, police officers, teachers, and healthcare warriors. As a way to honour their contributions, Cleartax has announced a flat 50% discount on ITR plans, which will be exclusively available to defence personnel, police officers, teachers, and healthcare warriors.

11.07 / 08:37

UPS Manufacturing CEO Platform Adobe Strategy strategies ET MSME Regional Summit in Indore: Industry leaders unveil strategies to propel the growth and innovation of MP’s MSME sector

“In order to establish more MSMEs in the area of manufacturing production or in the service sector or the businesses sector, we have come up with Mukhya Mantri Udyam Kranti Yojna. Under this scheme, we are giving 3% interest subvention for loans ranging between the amount of Rs 50,000 to Rs 50 lakh.

11.07 / 08:35

CEO Platform Action Pool NOT ‘Gamers must not be taxed the same way as gamblers,’ E-sport body says on 28% GST proposal on online games

GST Council meeting, the E gamers Players Welfare Association (EPWA) has shared a report on the booming industry of virtual games as the Group of Ministers on Tuesday is likely to include online gaming under the ambit of 28% GST slab. The GST Council has proposed to levy GST at 28% on total money deposited by the players to a gaming company as against the GST rate of 18% levied only on the platform fee. Against this backdrop, the EPWA director and Tech Policy lawyer Shivani Jha told Mint, "We hope that the council of ministers will take equitable steps to ensure an increased GST doesn’t discourage players from playing altogether.

11.07 / 08:23

COST UPS CEO Enterprise Federal Court warns AUSTRAC it is in danger of being a ‘soft touch’

The nation’s financial crimes agency is in danger of being a “soft touch” because it has always reached an agreement with companies found to have acted inappropriately, the Federal Court has warned.

11.07 / 08:05

Waves Booking CEO MSCI boost India's IDFC First Bank says merger will boost credit growth

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11.07 / 07:55

UPS Provident Target Booking CEO UBS Reliance Industries Time Reliance Industries shares close to all-time high. What should traders do?

Reliance Industries, on Tuesday, continued to rally for the second straight day today taking it within kissing distance of its all-time high level of Rs 2,856.15 touched on April 29, 2022. During the day, RIL shares touched a new 52-week high of Rs 2,764.50 after ending Monday's session with a jump of 3.78%. Up over 17% in the last 3 months, Reliance stock has had a good run for the past few weeks but is still trading in a broad-based consolidation range, which will break out only above Rs 2,850 level.

11.07 / 06:43

COST IPO Target Booking CEO Stryker Backed Twiggy-backed CurveBeam AI opens books for $154m float

Medical imaging business CurveBeam AI, which has assembled an impressive register via its pre-IPO rounds, opened the books on an initial public offering on Tuesday.

11.07 / 06:43

UPS Provident Target CEO Assurant Allianz Premium Financial A new term life insurance policy for diabetics: High premium but much-needed financial security, should you buy?

Bajaj Allianz Life Insurance has now come up with a term insurance plan specially designed for people who have diabetes. Touted as Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c, it is a pure term life insurance cover. In case of the death of the policyholder, the sum assured will be paid out to the nominee.

11.07 / 05:19

Citi MET Digital CEO Platform Strategy Personal care startup Clensta raises Rs 75 crore in funding from Parineeti Chopra, others

Clensta International has raised Rs 75 crore in its pre-Series funding, led by TradeCred and the Royal Family of the UAE, a top company executive told ET. The executive added that the Export-Import Bank of India (EXIM Bank), Mumbai Angels, Keiretsu, LetsVenture and O2 VC Fund were among the investors who took part in the funding round. The funding includes a mix of debt and equity.

11.07 / 03:07

UPS Booking NASDAQ CEO NIFTY Investors SIP on equity and small caps, June MF flows more than double of May

mutual funds rose to ₹8,638 crore in June, higher than May's ₹3,240 crore. Investors have been allocating more to small- cap funds in the last three months as they believe they will benefit the most as economic growth picks up. Investors continued to stagger their long-term investments using systematic investment plans (SIPs) with collections at ₹14,734 crore marginally lower than the previous month's ₹14,749 crore. Due to a rise in equity markets and inflows into equity schemes, assets under management (AUM) of the industry touched ₹44.82 lakh crore.

11.07 / 02:29

Twitter CEO Platform TikTok Twitter-killer Threads goes past ChatGPT, becomes the fastest app to have 100 million users

Mark Zuckerberg announced the milestone of reaching 100 million users in just 5 days since launch in a post on Threads. He also noted that demand for the social media app is 'mostly organic' and that many promotions haven't even been turned on yet. OpenAI's generative AI-based chatbot, ChatGPT, had reached 10 million daily users in 40 days after launch and 100 million daily active users in about two months after launch.

11.07 / 02:23

UPS CEO Stocks in news: Vedanta, Vadilal, SBI Cards, JSW Steel, Motherson Sumi Wiring

VedantaAfter Taiwan's Foxconn withdrew from a $19.5 billion semiconductor JV with Vedanta, Agarwal's metals-to-oil conglomerate responded by saying it was «fully committed to its semiconductor fab project and we have lined up other partners to set up India's first foundry.Vadilal IndustriesVadilal Industry has clarified on reports that Bain Capital is looking to buy a stake in the company. It said there is no such information.Read more:What changed the market while you were sleepingSBI CardsRama Mohan Rao Amara, Managing Director & CEO has tendered his resignation from directorship of the company with effect from August 11.

11.07 / 02:23

UPS IPO CEO Strategy Harley-Davidson Long-term growth story for life insurance companies look very positive: Andrew Holland

«The market has been looking at this kind of unravelling of the different companies through IPOs or strategic stake sales going forward. And this has been the catalyst.

11.07 / 01:37

Twitter CEO Platform Matthews UBS SpaceX Meta Ceo elon There is only one Twitter: CEO Linda Yaccarino as platform sees largest usage day; Elon Musk reacts, says THIS

ChatGPT as the fastest-growing online platform to hit the milestone. Threads has been setting records for user growth since its launch on Wednesday, with celebrities, politicians and other newsmakers joining the platform that is seen by analysts as the first serious threat to the Elon Musk-owned microblogging app. The app's sprint to 100 million users was much speedier than that of OpenAI-owned ChatGPT, which became the fastest-growing consumer application in history in January about two months after its launch, according to a UBS study.

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