CEO Financial News

Cheers and sobs of relief broke out in a federal courtroom in Kansas as dozens of people whose life savings had been embezzled by a bank CEO learned federal law enforcement had recovered their money

A strike by 33,000 Boeing factory workers is coming to an end

Boeing were voting Monday whether to accept a contract offer or to extend their strike, which has lasted more than seven weeks and shut down production of most Boeing passenger planes. A vote to ratify the contract on the eve of Election Day would clear the way for a major U.S. manufacturer and government contractor to resume airplane production. If members of the International Association of Machinists and Aerospace Workers vote for a third time to reject Boeing's offer, it would plunge the aerospace giant into further financial peril and uncertainty. In its latest proposed contract, Boeing is offering pay raises of 38% over four years plus ratification and productivity bonuses. IAM District 751, which represents Boeing workers in the Pacific Northwest, endorsed the proposal, which is slightly more generous than one the machinists voted down nearly two weeks ago.

Titan, Dr Reddy's, IRCTC, Embassy REIT, Afcons Infrastructure, Dixon Tech among others will be in focus due to various news developments and second quarter results. Embassy REIT Capital markets regulator Sebi on Monday directed Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend its CEO Aravind Maiya.

sectoral approach to AI regulation, rather than a one-size-fits-all law, are growing louder. Jensen Huang, CEO of AI chip giant Nvidia, said at ET Conversations in Mumbai recently, “We should regulate AI in the context of every application. When you use AI as an accountant, that accountant should be regulated. When you use AI as a lawyer, that lawyer should be regulated. When you use AI as a doctor, that doctor should be regulated.” To be sure, AI is already subject to the country’s existing provisions on data privacy, cybersecurity and copyright laws. Industry leaders say the need therefore is to plug gaps or clarify how existing regulations would apply to AI in specific ways.

The crowd gathered on the 54th floor of TD Bank Tower, an imposing glass-and-steel edifice in Toronto’s financial district, was a who’s who of the Canadian business elite. There were CEOs and tech moguls and bankers who had paid as much as $1,725 each for a chance to hear from Pierre Poilievre, the leader of the Conservative Party of Canada.

It’s one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too

KKR India’s Chief Executive Officer Gaurav Trehan has bought a sea view luxury apartment in a super-premium project Morena House on South Mumbai’s plush Carmichael Road for nearly Rs 88 crore from JSW Realty, a real estate development arm of JSW Group. The deal for the apartment, spread over a carpet area of 5,381 sq ft, is valued at around Rs 1.63 lakh per sq ft, making it one of the costliest property transactions in the country. The buyer has also paid Rs 5.26 crore in stamp duty charges alone for the registration of the deal. Apart from being the CEO of KKR India, Trehan is also Co-Head of KKR Asia Pacific and Head of Asia Pacific Private Equity.

Zerodha co-founder Nikhil Kamath has some advice for you. The billionaire recently tweeted a video from Zerodha discussing early retirement and its challenges. «I hadn’t realized how popular the Financial Independence, Retire Early (FIRE) trend had become until I saw this @Zero1ByZerodha video,» he wrote. «There's nothing wrong with wanting to retire early, but retirement isn’t just about money.»

jobs frequently, every two to three years. Graves, who has expanded his company to over 800 locations, values loyalty and teamwork in his employees and sees short job tenures as a sign of potential issues with commitment and team orientation.

Aptech, a pioneer in the non-formal vocational training business in the country, has appointed Atul Jain its new Managing Director and Chief Executive Officer. In his capacity as MD & CEO, Jain will spearhead Aptech’s strategic vision, driving sustainable business growth while fostering innovation and adapting to an ever-evolving market landscape. He will play a pivotal role in shaping the company’s brand and outreach strategies, and work closely with the Board of Directors to oversee the alignment of Aptech’s operations with its mission and values. «Leading Aptech at this critical juncture is both a privilege and a great responsibility, » Jain said in a statement. «My focus will be on empowering our teams, fostering collaboration, and leading the charge towards operational excellence.»

Zomato’s Hyperpure warehouse in Hyderabad on October 29, 2024, uncovered 18 kg of button mushrooms labeled with a future packing date of October 30, 2024. Zomato CEO Deepinder Goyal on Monday clarified that the discrepancy, attributed to a manual typing error by a vendor, was promptly detected and rejected during the company’s inward quality control (QC) process before reaching consumers. He also said that the vendor responsible has been delisted from its database to prevent future errors.

Subscribe to enjoy similar stories. Grasper Global Pvt. Ltd, the parent of new-age educational toy and games maker Skillmatics, will look to list in India over the next 2-3 years, said co-founder and chief executive Dhvanil Seth in an interview with Mint. The Peak XV-backed company is also exploring newer categories such as gaming for adults and home and nursery, Seth added.

Unionized factory workers at Boeing are voting on Monday whether to accept a contract offer or to continue their strike

Apple CEO Tim Cook’s Diwali greetings feature Delhi photographer’s iPhone snapshot. Take a lookA latest report from South Korea-based ETNews suggests that Apple will use LTPO technology across all four iPhone 17 models, with display panels supplied by Samsung and LG.LTPO, which stands for Low-Temperature Polycrystalline Oxide technology, has become the standard not only among Android flagships but also in mid-range devices.

Jeff Bezos recently sold over $3 billion worth of Amazon shares, adding to a total of $13 billion in stock sales this year. A regulatory filing obtained by GeekWire reveals that this latest transaction involved more than 16 million shares. The timing aligns with Amazon's stock price nearing $200 per share, a level it last achieved in July 2024, when Bezos also executed a major sale. This price point represents Amazon’s highest since it was listed on NASDAQ in 1997. As Amazon’s stock gained more than 40% over the past year, its recent third-quarter earnings report fueled a 7% rise just last week, surpassing market expectations and boosting investor confidence.

AM/NS India, a joint venture between ArcelorMittal and Japan’s Nippon Steel, is set to establish an integrated steel project of 17.8 million tonnes capacity, with a proposed aggregate investment of Rs 1.4 lakh crore, in the Anakapalli district of Andhra Pradesh. This would be one of the largest greenfield projects in recent times. In the first phase of the project, ArcelorMittal Nippon Steel will establish a 7.3 million metric tonnes per annum (MMTPA) capacity blast furnace steel plant with an initial investment of Rs 80,000 crore. The company has sought 2,600 acres of land for the first phase. In the second phase, AM/NS will add a capacity of 10.5 MMTPA with an investment of Rs 60,000 crore and has sought an additional 2,000 acres of land. According to government sources, about 1,800 acres of land is readily available adjacent to Nakkapalli bulk drug park and can be provided.

Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May

Kamala Harris’ campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth

A convict who became Canada ‘s youngest designated dangerous offender after sexually assaulting a three-month-old baby is seeking escorted leave from prison to attend Indigenous cultural ceremonies in Vancouver.

Subscribe to enjoy similar stories. Mumbai: India's ambulance sector is seeing an upgrade with several start-ups and the state government not just working to address the deficit but also upgrading it by launching advanced ambulances. For instance, Maharashtra’s hinterland is set to get a key medical upgrade with the state government partnering with Sumeet-SSG—a joint venture between Pune-based Sumeet Group Enterprises’s and Spanish emergency transport provider SSG Matrix—to deploy a fleet of 1,756 advanced ambulances.