CEO Financial News

Subscribe to enjoy similar stories. The youngest son of late Playboy founder Hugh Hefner wants to buy back his father’s storied franchise. Cooper Hefner submitted an offer Monday along with a group of investors to buy the Playboy brand from Playboy Group for $100 million, according to Hefner and a deal proposal viewed by The Wall Street Journal.

Ola Electric announced today that it has resolved 99.1% of the 10,644 complaints received from customers, asserting that it has a robust system in place to address consumer grievances. The electric scooter maker currently holds a 27% market share in India's e-scooter market. Earlier this month, the Central Consumer Protection Authority (CCPA) issued a show-cause notice to Ola Electric for alleged violations of consumer rights, misleading advertisements, and unfair trade practices. The notice addresses various consumer concerns, though specific allegations have not been disclosed. The CCPA's notice is seen as a formal measure to ensure consumer protection amid mounting complaints.

HDFC Asset Management Company (HDFC AMC) has announced its onboarding on the Open Network for Digital Commerce (ONDC), becoming one of the first AMCs to join hands with this network. By enabling mutual fund distributors to access a broader range of AMCs and vice versa, the ONDC Network is set to revolutionise how investment products are distributed. This integration marks a significant milestone in the financial services sector, as it aims to democratise access to mutual fund investment products across the country, according to a press release. The integration aligns with HDFC AMC's broader mission of becoming the wealth creator for every Indian. By leveraging ONDC's open protocol, the initiative will bring mutual funds to the masses, enabling more first-time investors to take part in India’s growth story, said the release.

Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.

Geddes' words of warning come as the government faces a balancing act in the upcoming 30 October Autumn Budget as it looks to raise tens of billions to plug a public spending gap. A raft of tax and pensions changes are expected, including across inheritance tax (IHT), CGT, and on the pensions tax-free lump sum. In comments shared with PA, Geddes warned that CGT increases could put people off from setting up businesses in the UK and could spur an exodus, with some looking to head abroad. Government to target inheritance tax raises in Autumn Budget – reports Evelyn Partners survey...

Check out what's clicking on FoxBusiness.com.

mutual funds attracted around Rs 30,350 crore inflows during April to September of the current financial year. The continuous inflows in these categories were mainly due to high returns offered by these categories. According to the Association of Mutual Funds in India (AMFI), mid and small cap funds received inflows of Rs 32,924 crore during the same time a year ago. “Investments in mid and small cap funds should be made based on one’s risk appetite. It is important for investors to note that mid and small cap segments are highly volatile. While they can give exceptionally high returns in up markets, they can fall equally hard in down markets. Therefore, investors should take exposure in these funds in line with their risk appetite and invest only with a long-term investment horizon,” said Melvyn Santarita, Analyst – Manager Research, Morningstar Investment Research India

WiseTech Global said on Monday it was reviewing a «full range of matters» concerning its billionaire CEO after media reports made allegations about his personal life including payments to a past sexual partner. The Australian Financial Review and other media outlets reported that a woman who had a sexual relationship with the billionaire chief made a raft of claims against Richard White in late 2020, including allegations that he had engaged in inappropriate behaviour. White, WiseTech's billionaire founder and major shareholder, could not immediately be reached for a comment while WiseTech did not immediately respond.

Eutelsat, the world's third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk's SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon 9 rocket took off with Eutelsat satellites from California's Vandenberg Space Force Base at 0513 GMT. «This is the first OneWeb launch of the satellites since the merger,» CEO Eva Berneke told Reuters in an interview. «We will be launching more satellites over the coming years.»

Subscribe to enjoy similar stories. THE FIRST THING Tim Cook does when he wakes up is check his iPhone. It’s sitting atop his nightstand in silent mode when the chief executive officer of Apple, the most valuable company in the history of the world, reaches for his device and starts triaging his inbox.

Sridhar Vembu, CEO of Zoho Corporation, has expressed his belief that Kerala has the potential to achieve economic prosperity comparable to that of Taiwan. His comments were made in response to a tweet by Thomas Isaac, a member of the Central Committee of Communist Party of India, who highlighted the recent electoral success of the Student Federation of India (SFI) in college union elections across the state. “I say all this as a person who loves Kerala. Kerala could be as rich as Taiwan,” Vembu remarked on X, raising concerns about the significant outflow of talented youth from the state. He pointed out that many graduates are leaving Kerala to pursue job opportunities in other states or abroad after completing their education.

NBFC Indel Money on Sunday announced the fifth public issue of secured NCDs of the face value of Rs 1,000 each. The issue opens on October 21, 2024, and closes on November 04, 2024 (with an option of early closure in case of early over-subscription). The issue includes a base issue size for an amount of up to Rs 75 crore with an option to retain oversubscription up to Rs 75 crore aggregating up to Rs 150 crore. The coupon yields up to 13.44% per annum with tenure ranging from 366 days to 66 months. The minimum application size is Rs 10,000 across all series of NCDs. The NCDs are proposed to be listed on BSE Limited

Subscribe to enjoy similar stories. The airline industry’s biggest names donned gowns and tuxedos and filed into a Manhattan ballroom Friday for a night of cocktails and fretting about the future of Boeing. One group was conspicuously absent.

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations.

Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday. The planemaker last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people familiar with the deal. Boeing has lurched from crisis to crisis this year, ever since Jan. 5 when a door panel blew off a 737 MAX jet in mid-air. Since then, its CEO has departed, its production has been slowed as regulators investigate its safety culture, and in September, 33,000 union workers went on strike.

tyre major CEAT Ltd expects easing of pressure from high raw material costs in the second half of the ongoing fiscal after being impacted by 15-year high domestic natural rubber prices, according to its Managing Director and CEO Arnab Banerjee. The company expects its aftermarket business to continue to grow in double digits and better performance of its international business, which was also affected by non-availability of containers and high freight cost in the second quarter. The domestic natural rubber prices went up to a 15-year high at about Rs 250 per kg in the first half of the fiscal, Banerjee told PTI. «We hope to see an improvement in Q4. I think the pressure is going to ease off in the second half of the year,» he said when asked how long the impact of high natural rubber prices is expected to last.

Facebook and WhatsApp parent Meta has invited comments from the public on the posting of immigration-related content that may be harmful to immigrants and shared two cases that Facebook moderators decided to keep on the platform. The board plans to assess whether Meta’s decision to only protect refugees, migrants, immigrants, and asylum seekers from the most severe attacks on its social media platforms under its hate speech policy is adequate. The board is funded by the social media giant but operates independently. After gathering public comments, it can issue non-binding policy recommendations to Meta.

In the event that anyone has failed to pay attention, the private credit industry has been growing. If you haven't heard of private credit firms like Ares or Brookfield, now might be the moment to familiarize yourself. Growth may be slowing, but private credit is still expected to be the fastest growing area of the buy-side for the next three years.

Jane Fraser, CEO of Citigroup, likes Andy Sieg. She regularly praises him during the bank's investor calls and notes his importance to reshaping the bank's wealth management business, where costs still consumed 85% of revenues in the second quarter. 

Why did Citi let go of Kathleen Martin in 2023? Citi says it fired her because she couldn't take feedback, couldn't build relationships, because she wasn't sufficiently innovative, didn't have enough experience for the role she was going for, and because she was «dogmatic.»

Everything’s fantastic and nobody’s happy.  That seems to be the message from the bumper day of Q3 results from Goldman Sachs, Bank of America and Citigroup yesterday.  All three big banks beat their earnings estimates, and credit for the beats had to be given fairly and squarely to the investment banking divisions. It would have been reasonable to conclude, as several commentators did, that “Wall Street bonuses have just been salvaged”.