Page 4 - Ceos

PM Modi courts top global executives for investment in oil, gas sector

Prime Minister Narendra Modi on Tuesday courted top oil and gas executives, showcasing opportunities the world's fastest growing economy offers and the reforms that his government has made particularly in exploration and production. Modi met about 20 top executives of firms ranging from ExxonMobil and BP to QatarEnergy and French giant TotalEnergies, discussing energy scenarios as well as investment opportunities, sources in know of the development said. He referred to the recently launched exploration licensing round to seek global giants to invest in finding and producing oil and gas in the country. The sources said he spoke on reforms in the oil and gas sector, including a shift from purely revenue-based bidding for oil and gas areas to a exploration-focussed bidding. India is the world's third largest energy consumer and imports 85 per cent of its needs. The government wants to increase the domestic production to cut imports. Indian CEOs attending the meeting included Vedanta

Latest X-ray to ease passenger check-in, says Noida airport CEO Schnellmann

Among India's network of airports, a clash has already been foretold between a newbie in Jewar, Noida, and the veteran in neighbouring Delhi

Business leaders leave Davos to game out 2024 geopolitical scenarios

Many CEOs and executives told Reuters they foresee an upbeat U.S. economy in 2024, but are concerned about China and Europe, and the impact of unexpected global shocks on inflation

CEOs fear for their firms in pre-Davos survey as AI, climate risks rise

Advancements in generative AI were top of the concerns for most survey respondents, with almost 75% predicting it would significantly change their business in the next three years

PM Modi meets top CEOs, discusses made-in-India vehicles to green hydrogen

Prime Minister Narendra Modi on Tuesday met some of the top global CEOs on the sidelines of the Vibrant Gujarat Summit as he lured investments across sectors to boost the economy and create jobs. A day before inaugurating the Vibrant Gujarat Global Summit on January 10, the prime minister met executives of Suzuki Motor Corp, Micron Technology and AP Moller and discussed industry issues and investment opportunities. Modi and Toshihiro Suzuki, Representative Director & President, Suzuki Motor Corp, "discussed Maruti Suzuki's plans to make India a strong player in the global automotive market by exporting Made in India vehicles, along with deploying global best practices related to vehicle scrapping and vehicle recycling into India," the Prime Minister's Office said in a post on X. Maruti Suzuki is looking to set up a second car manufacturing plant in Gujarat. This will be the firm's fifth plant in the country. "Mr. Sanjay Mehrotra, the President and CEO of Micron Technology, held a .

TMS Ep597: CEO poll, key events of 2024, markets, Op Prosperity Guardian

How do Indian CEOs see 2024 playing out? What will be the key events to look forward to in 2024? Which key events will shape the markets in 2024? What is Operation Prosperity Guardian? Answers here

India inc CEOs expect higher capital expenditure, value-added exports

Top executives from leading companies in the power and steel sector - JSW Steel and NTPC, also indicated a strong capex cycle is likely to continue

Zee Entertainment seeks deadline extension for finalising Sony merger deal

While the merger between the two companies received the requisite approvals, differences cropped up over who would helm as the chief executive officer of the merged entity

Stephanie Pope to be next CEO of Boeing, with effective from Jan 1

Boeing has promoted the head of its services business to chief operating officer, putting the female executive in discussion as a potential heir apparent to CEO David Calhoun in a male-dominated industry. Boeing said Monday that Stephanie Pope's elevation to the job, which includes the title of executive vice president, takes effect January 1. Pope has spent nearly 30 years at Boeing, holding down key financial jobs in the company's defense, commercial airplanes and services divisions. She became CEO of the services unit last year. Some industry observers were quick to tap Pope, 51, as a contender to become the aerospace company's next CEO. Richard Aboulafia, managing director of aerospace consultant AeroDynamic Advisory, named Pope and Chief Financial Officer Brian West as potential successors to Calhoun. Calhoun, 66, has held the top job since January 2020, when he replaced Dennis Muilenburg, who was fired during the fallout from two fatal crashes involving Boeing 737 Max jets. .

Levi's CEO Bergh to step down in Jan, handing reigns to ex-CEO of Kohl's

Levi Strauss & Co. has said that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor. Chip Bergh, 66, will cede the CEO job to Michelle Gass, 55, who left her CEO role at Kohl's to become president of Levi's in January of this year. Bergh, who took over at the San Francisco company in September 2011, will stay on as executive vice chair until he retires in late April, Levi Strauss said on Thursday. He will remain on as an advisor through the end of the fiscal year. Gass will take on the CEO position on January 29. The move completes the succession plan that was announced just over a year ago, when Levi Strauss had said Gass was joining the company to succeed Bergh within 18 months. Over the course of his tenure, Bergh moved the brand from a predominantly men's US wholesale pants business to a global, direct-to-consumer company. He also reinvigorated the women's business. Under his leadership, Levi Strauss returned to the public ..

Big bank CEOs warn that new regulations may severely impact economy

The heads of the nation's biggest banks say there are reasons to be concerned about the health of US consumers particularly poor and low-income borrowers in their annual appearance in front of Congress on Wednesday. The CEOs of JPMorgan Chase, Bank of America, Wells Fargo and five other large firms also took the opportunity to impress upon senators that the Biden Administration's new proposed regulations for the industry may hurt the US economy going into an election year and at a time when a recession is possible. Wall Street's most powerful bankers have regularly appeared in front of Congress going back to the 2008 financial crisis. Among those testifying before the Senate Banking Committee include JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan, Jane Fraser of Citigroup and Goldman Sach's David Solomon. When both houses of Congress were controlled by Democrats, the CEOs would appear in front of both the House Financial Services Committee and the Senate banking panel. N

US, Indian CEOs provide updates on advancing bilateral commercial ties

Top CEOs from India and the United States have provided updates on the status of their recommendations on advancing bilateral commercial ties during a meeting co-chaired by Commerce Secretary Gina Raimondo and Union Commerce and Industry Minister Piyush Goyal, an official statement said here. The virtual meeting of the India-US CEO Forum convened by Raimondo and Goyal on November 30 was a follow-up to the March 2023 forum meeting in New Delhi, according to the statement issued on Monday. During the meeting, US and Indian CEOs provided both governments with updates on the status of their recommendations on how to advance US-India commercial ties, it said. They also discussed topics pertinent across sectors, including supply chain resiliency, workforce development, regulatory and standards harmonization, and economic collaboration. Raimondo and Goyal highlighted recent government initiatives that were inspired by the CEOs' recommendations and encouraged the forum members to focus on

Mika becomes world's first robot CEO, thinks she's better than Musk

'With advanced AI and machine learning algorithms, I can swiftly and accurately make data-driven (decisions)'

Stabilising the talent battle

CEOs grappling with talent challenges could draw inspiration from the structured transfer window system used in European football leagues

Will add 400 weekly flights this winter: Air India CEO Campbell Wilson

The airline runs approximately 2,900 weekly flights, with roughly 32 per cent dedicated to international routes, according to aviation analytics firm Cirium's data

Life insurance a sunrise sector poised for lift-off: CEOs at BS BFSI Summit

This capital gap alone shows the growth opportunity available in the life insurance industry over the next 10 to 15 years according to Naveen

India Inc sees no long-term impact of Israel-Hamas war: BS CEO survey

If the war in the Israel-Gaza region escalates into a larger West Asian conflict, it could pose problems

Indian firms cold to Tower Semiconductor's offer to set up chipmaking JV

In 2022, US chip giant Intel, which had signed a deal to buy out Tower for $5.4 billion, decided to cancel it and paid a $353 million termination fee

Our H2 will be better than H1: LTIMindree CEO & MD Debashis Chatterjee

Debashis Chatterjee, chief executive officer and managing director, in a video interview with Shivani Shinde talks about the macro factors, demand drivers, and hybrid work

Byju's elevates Arjun Mohan as CEO of India business, Mrinal Mohit quits

Arjun Mohan, a member of the founding team who most recently served as the Chief Business Officer, has rejoined the company after a stint at Ronnie Screwvala-led UpGrad