CEO Financial News

India, Mumbai, 14th February 2024: Metropolis Healthcare Limited, India’s leading diagnostic service provider, today announces its collaboration with QritiveTM, a leading provider of AI solutions for pathology labs globally. This partnership is set to augment Metropolis' cancer diagnosis capabilities through the integration of state-of-the-art AI technology.

By Samrhitha A

Albinder Dhindsa said while sharing the Blinkit post on X where the man can be seen making the unusual request. The post is quickly getting viral across social media platforms and has accumulated over 2 lakh views on just X. The users sympathized with the man and requested Blinkit to fulfill the request on the occasion of Valentine's Day.

Non-Convertible Debenture (NCD) IPOs. Investors must understand NCD IPOs and how they differ from equity IPOs. NCDs are corporate debt instruments similar to bonds, but unlike bonds, they cannot be converted into equity shares.

Nothing has announced that its Nothing Phone (2a) will be unveiled worldwide on March 5 at 11:30 GMT or 17:00 IST. Nothing CEO Carl Pei also hinted in an official video released by the company that the upcoming smartphone will be cheaper than the Nothing Phone (1). Also Read | ChatGPT can now be used as a virtual assistant by Nothing Phone users.

₹109.3 crore as against ₹103.3 crore in the year-ago period. Meanwhile, its revenue from operations jumped 23.3 percent to ₹1,652.2 crore in Q3FY24 versus ₹1,339.6 crore in Q3FY23. On the operating front, the jewellery maker's EBITDA advanced 11.3 percent to ₹181.1 crore in the December FY24 quarter as compared to ₹162.7 crore in the December FY23 quarter.

«You have only got to look at Delhi and what is going on there from an infrastructure and then come to Mumbai and it is breathtaking,» says Peter McGuire, CEO, XM Australia. And let us get to talking about that hotter than expected inflation print that came in. What do you think this will lead the US Fed to do? A couple of things. I think it hit the market by a little bit of a surprise and as far as a pushback, we were looking at the best part of 65-66% as far as a rate cut come May and that has been pushed back now to around about 32-33% and they are rolling that forward to possibly by June or July.

Ajay Kanwal, MD & CEO, Jana SFB, says: “Our September 23 NIM was also 7.8%, March was 7.7%. So, we maintained the flattish NIMs growth. We have seen a small rise in cost of funds but thanks to a product mix we are able to make sure the NIMs remain steady. Depending on the outlook on interest rates which I think is now flattish, we should be able to maintain the NIMs at these levels.” Let us begin with this IPO plan. You have raised Rs 462 crore via the fresh issue. How will that impact your CET ratio? What has been the response from your anchor investors? And congrats on the listing. Ajay Kanwal: We raised Rs 575 crore in total; Rs 472 crore in public issue prior to that, pre-IPO. Our CET ratio was 17.5% as of September. So now, we will go into the early 20s. So 20 to 23% odd, once we add this capital base too. Like we mentioned in our prospectus, the money will be used to augment our tier 1 capital at the bank, which anyway is strong. And of course, it will go towards the growth of the bank.

Two fired top executives of FirstEnergy Corp. and Ohio’s former top utility regulator have pleaded not guilty in connection with a $60 million bribery scheme

Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy

Boston Celtics power forward Jayson Tatum announced Tuesday a gift of $1 million from the financial services company SoFi to his nonprofit

By Sameer Manekar and Praveen Menon

Instacart reversed course to be down about 5% after the bell following Instacart's lower-than-expected fourth-quarter revenue on slowing advertisement business. As of June 30, Instacart had 3,486 employees, according to a regulatory filing.

Transak is tapping into Visa Direct, meaning that its users in over 145 countries can convert more than 40 different cryptocurrencies into fiat in under 30 minutes. Yanilsa Gonzalez-Ore, North America head, Visa Direct and global ecosystem readiness, says: “By enabling real-time card withdrawals through Visa Direct, Transak is delivering a faster, simpler and more connected experience for its users — making it easier to convert crypto balances into fiat, which can be spent at the more than 130M merchant locations where Visa is accepted." Sami Start, CEO, Transak, says: “We believe this partnership is an inflection point for Web3 as a whole. Now, millions across the globe have a straightforward way to cashout their digital asset holdings to their local currency in real-time and intuitively. "They no longer have to walk the treacherous path of compliance uncertainty or face risks of fraud — Transak and Visa have them covered for over 40 cryptocurrencies.”

Amazon's founder (NASDAQ:AMZN) Jeff Bezos continues selling some of his shares in the e-commerce giant, having disposed of additional $2B+ worth of stock, according to the latest filing with the SEC.

Zillow (NASDAQ:ZG) (Z) saw its shares rise more than 3% following the closing bell on Tuesday after the company reported better-than-expected FQ4 revenue.

By Akash Sriram

In a display of continued energy in its growth and recruitment strategy, Commonwealth logged a second consecutive year of record results in 2023.

Political parties plan to spend ₹1,500-2,000 crore on ads across traditional and digital media platforms to lure voters during the high-stakes Lok Sabha elections, advertising executives told ET. About 55% of the political ad spending is likely to be allocated to digital media, with TV, print, outdoor and radio accounting for the remaining 45%. The Lok Sabha election is expected to be held between April and May. «We expect political ad spends to be ₹1,500-2,000 crore during the Lok Sabha elections,» GroupM South Asia CEO Prasanth Kumar told ET. «We feel that political parties will spend close to 55% of the ad spend on digital and the remaining 45% on other mediums,» he added.

Walmart said they have sourced over $30 billion goods from the Indian market for its global operation in the past 25 years. The company is now set to triple the sourcing of these goods from India to $10 billion annually by 2027. Andrea Albright, executive vice president of sourcing at Walmart, said that through its Walmart Vriddhi initiative, launched in 2019, the company is training Micro, Small and Medium Enterprises (MSMEs) «to learn new capabilities, scale and maximize their business ambitions» free of charge. At its Growth Summit, the company announced that they have met their target early and have already trained more than 50,000 MSMEs. Jason Fremstad, Walmart's senior vice president, supplier development and sourcing, said, «What we are aiming to do this week is to continue finding new suppliers to source in categories- home, apparels, foods, health and wellness, toys… this week is focused on expanding those opportunities and finding new suppliers that we can export in an effort to achieve the goal that we have set out for sourcing $10 billion by the end of 2027.»

GroupM predicts 10.2% growth in Indian advertising revenue to ₹1,55,386 crore in 2024, down from the 11.3% growth in 2023. In 2023, the ad market is projected to have expanded by 11.3% to ₹1,40,963 crore, which was lower than the previous year's predicted 15.5% growth and ad revenue of ₹1,46,450 crore. According to GroupM's 'This Year, Next Year' projections, growth would be driven mostly by Lok Sabha elections and cricket, with auto, real estate, retail, and small and medium enterprises (SMEs) expected to fuel the advertising growth in 2024.