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Ishan Singh 4Ishan Singh 4 

I want to to update owner name into another field using formula field.

AbhishekAbhishek (Salesforce Developers) 
Hi Ishan,

You can try the below suggestions as mentioned in the below blog,

https://success.salesforce.com/answers?id=90630000000grNgAAI

https://salesforce.stackexchange.com/questions/67971/how-can-i-get-the-owner-name-in-a-formula-field

I hope you find the above solution helpful. If it does, please mark as Best Answer to help others too.

Thanks.