CEO Financial News

Roger Penske has added the most prestigious street race in North America to his portfolio with the purchase of the Grand Prix of Long Beach

Norfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad

Disney’s fourth-quarter adjusted profit beat Wall Street’s expectations, bolstered by strong results from its streaming service and box office success with “Inside Out 2” and “Deadpool & Wolverine.”

Bitcoin saw profit-taking on Friday, trading below $87,500. As of 10:52 am IST, Bitcoin was down 2.7%, trading at $87,498, while Ethereum dropped 5.6% to $3,044 in the last 24 hours.

Pulte Capital CEO Bill Pulte weighs in on rising mortgage rates and says that until supply increases, high housing prices will be seen.

Tesla CEO Elon Musk solely gained near about $26.5 billion. The US Mirror reported that Elon Musk who was a prominent supporter of Donald Trump reportedly funneled around $200 million into Donald Trump's campaign through his super PAC. Also Read: Major security breach at Obama's Hawaii home: Secret Service agent violates protocol, uses ex-President's beachfront property for frisky meet-up with lover

Viacom18's TV and digital businesses into Star India securing all necessary regulatory approvals in India and abroad. In February, Reliance Industries (RIL), Viacom18 Media and The Walt Disney Company had signed an agreement to combine Viacom18 and Star India's assets to create India's largest M&E company valued at ₹70,352 crore ($8.5 billion).

Nykaa founder and CEO Falguni Nayar on Thursday said India is a big opportunity for Nykaa and it may look at venturing into the wellness segment in the future as it is a good sustainable business. Speaking at the CNBCTV18 Global Leadership Summit here, she said it is the culture and speaking to the customers that matters in her business more than the cost. «I think Nykaa would love to go into wellness, which is a good long-term sustainable business that we'd like to pursue beyond beauty and fashion,» Nayar said when asked about the five-year roadmap for Nykaa. Stating that she continues to remain «very excited» about India and bringing great research-driven products to the country that Indians love, she said, «Privately, building products is what current focus is but in the long- run it could also be services.

Mahindra Group CEO and Managing Director Anish Shah on Thursday pitched for a balance between tariff and non-tariff barriers for a stronger manufacturing sector in the country. «Indian industry needs no protection. We've had no protection for the last 20 years and if we had protection, we would not have the quality that we have today,» Shah said, while speaking at the CNBC TV18 Global leadership summit here. «With regard to duties, the questions are around non-tariff barriers along with tariff barriers… And frankly they should (be there) because that will put Indian manufacturing in a much stronger place,» he said. He was responding to a question on whether India needs to impose import tariffs on companies such as Tesla as they look at entering the Indian market.

GlobalBees, the house of brands subsidiary of baby and mother care products retailer FirstCry, has reported a 55% revenue growth of Rs 432.5 crore in the fiscal year ending March 2024, outperforming similar brands that have seen slower growth amid a consumption downturn. The adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for GlobalBees also surged by 154% year-on-year (YoY). While this growth aligns with the overall business expansion of the Pune-based company, which operates in India and Saudi Arabia, the management noted that increased seasonal sales significantly boosted this subsidiary's growth.

Honasa Consumer, the parent company of beauty and personal care brand Mamaearth, reported a decline in its operating revenue for the September quarter while also slipping into losses, on account of a significant hit from its offline distribution restructuring exercise. For the July-September period, Honasa Consumer reported a 7% year-on-year (YoY) decline in operating revenue at Rs 462 crore. It posted a net loss of Rs 19 crore in the quarter, compared to Rs 30 crore net profit in the same period last year. “The impact (of the restructuring) was actually higher than what we had planned and expected…we initially had certain assumptions in place, which were based on a certain level of inventory but when we got into the actual execution, it turned out to be relatively higher,” the company’s founder and CEO Varun Alagh told ET.

Vodafone Idea official on Thursday said telecom subscribers consuming more data should pay more to enable the industry to generate reasonable returns and ensure connectivity to all sections of society. During Vodafone Idea (VIL) earning call for the second quarter ended September 30, 2024, the company's CEO Akshaya Moondra said that the loss of subscribers to BSNL due to the recent tariff hike is quickly reversing because of the state-run telecom firm's «network experience». He said that the Indian wireless sector is at a crucial junction.

Subscribe to enjoy similar stories. The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed and in recent days the world’s largest construction project replaced its chief executive of six years.

Subscribe to enjoy similar stories. Mumbai: Recent regulatory curbs on options trading will actually give a fillip to BSE Ltd's ongoing efforts to make the Sensex and Bankex options more mature products, enabling the exchange to potentially generate higher premium turnover and earn more in transaction charges, according to bourse’s MD and CEO Sundararaman Ramamurthy.

Subscribe to enjoy similar stories. New Delhi: Clarity from the government on the issue of adjusted gross revenue (AGR) will move the needle on Vodafone Idea Ltd’s efforts to raise debt from lenders, its top executive said, adding that promoters, along with the management, were in discussions with banks for raising ₹35,000 crore.

ASML CEO Christoph Fouquet said on Thursday the ongoing boom in AI computer chips would help ASML by increasing the relative share of advanced logic and memory chips being made, leading to more sales of the company's best tools. At the company's investor day in Veldhoven, Netherlands, Fouquet said the company expected the chip market to grow 9% annually through 2025, passing the $1 trillion mark around 2030. «When it comes to 2030, we are still very, very bullish,» he said.

Subscribe to enjoy similar stories. The ‘world’s banker’ Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators. At a conference last week, Dimon had some harsh words for several major US banking regulations, which he called burdensome and inconsistent.

Aloke Bajpai, co-founder and CEO of ixigo.com, highlighted the lack of public awareness around the health risks. He shared his experience of sending his children to school wearing masks, only to face questions from other parents regarding the necessity. Observing elderly individuals continuing outdoor activities despite hazardous air, Bajpai questioned the absence of public health campaigns to raise awareness about the long-term health risks of such exposure. Some online commenters pointed out that while masks can help to an extent, they are not fully effective against polluted air. Others suggested that those who can afford it should consider relocating to areas with cleaner air for the sake of their family’s health, though Bajpai noted that relocating isn’t a practical solution for everyone.

Subscribe to enjoy similar stories. There is a tactile quality about Becharam Das Dutta’s paintings, be it the Narasimha Vishnu-Avatara or Shiva Panchanan. Created in watercolour and natural dye in the middle to late 19th century, these pats are an example of combining innovation with tradition.

BEIJING — Beijing-based Shengshu Technology on Wednesday said that its artificial intelligence-powered text-to-video tool Vidu will now be able to generate videos by combining images.

The flurry of contract agreements announced early this fall — including two more Wednesday — offer evidence that major railroads and their unions are working to avoid the standoffs that led them to a brink of a national strike two years ago