In a statement the CEO of French cosmetics group L’Oreal said, it has not seen any inflationary impact on purchases of its beauty products. “So far we see no impact of inflation and price impacts on consumers’ beauty consumption,” said L’Oreal… Read More ›
CEO
Indian auto major Mahindra and Mahindra open to partnership for EV parts
In a statement Anish Shah, the CEO of Indian auto major Mahindra and Mahindra group said, it will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio. While earlier Mahindra had focussed on developing EV components… Read More ›
India a big growth opportunity: Stellantis
In a statement Carlos Tavares, the CEO of automaker Stellantis said he expects India to be a profitable market and a big growth opportunity. Stellantis, which sells its Citroen and Jeep brands in India, expects revenues from India to more than… Read More ›
Lockheed Martin expects weapon sales jump beyond Ukraine Russia theatre: CEO
US weapons giant Lockheed Martin Corp plans on doubling the production of Javelin missiles, said its Chief Executive Officer James Taiclet. Lockheed Martin aims to boost the production of the anti tank weapon system from 2,100 to 4,000 per year in… Read More ›
Delaware court rules in Elon Musk’s favor in Tesla SolarCity deal
In a significant development, a Delaware judge ruled that Tesla Inc’s Chief Executive Officer, CEO, Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker to acquire SolarCity Corp in 2016, when Musk was its chairman… Read More ›
Mastercard to link all employee bonuses to ESG initiatives
In a statement, Michael Miebach, the CEO of Mastercard Inc said, the company will link all employee bonuses to environmental, social and corporate-governance (ESG) initiatives, in an expansion of an earlier program which was limited to its senior executives. The move… Read More ›
Twitter board member and cofounder criticizes functioning of Twitter’s board
Jack Dorsey, who co-founded Twitter Inc, took aim at the social media company in a series of tweets, following Elon Musk’s $43 billion takeover offer. Dorsey, who incidentally is on Twitter’s board, said Twitter’s board has “consistently been the dysfunction of… Read More ›
Global supply chains reeling from economic impact of China’s zero COVID-19 policy
In a statement He Xiaopeng, the CEO of Chinese electric-car maker Xpeng said, automakers in China may have to suspend production in May if suppliers from Shanghai and surrounding areas do not resume work. China’s zero tolerance policy towards COVID-19 have… Read More ›
Cooperating with SEC insider trading probe: Activision
A securities filing by Activision Blizzard shows that the company is cooperating with federal investigations into trading by friends of its CEO shortly before its disclosure of its sale to Microsoft Corp. In an amended proxy filing with the SEC, Activision… Read More ›
TIM starts potential merger talks with Open Fiber
Telecom Italia (TIM) has signed a non-disclosure agreement (NDA) with Italian state lender CDP and has started formal talks of a potential merger between the phone group’s network with that of smaller broadband rival Open Fiber. The development comes at a… Read More ›