CEO Financial News

The Dogs of the Dow is a popular strategy getting much attention now that the year-end is here. The theory assumes that this year’s losers will be next year’s winners, which is often true. Dow Dogs offers value and above-average yield, with Walgreens Boots Alliance Inc (NASDAQ:WBA) being a primary example. Walgreens is 2023’s worst-performing Dow stock, down 30% YOY but now trading at a deep value while paying more than 7% in yield. The value and yield alone are an attractive force, add in the new CEO, a potential sale of Boots and the outlook for turnaround, and it’s a viable if speculative investment for income seekers.

artificial intelligence’s impact on our public consciousness better than leading dictionary publishers Collins naming the abbreviation of the term — ‘AI’ — as their word of the year. Yet, we are still only at the advent of this technology revolution. With many rapid developments in GenAI tech, tools and proof of concepts, 2024 is poised to be the year of acceleration.

2030 as one of the world’s strongest economies and its stature elevating on the world stage, this truly is India’s aviation decade. With international journeys poised to triple by 2030, strong domestic demand and new airports coming up, India is becoming a travel powerhouse.

Zooko Wilcox, the founder of Zcash, has stepped down from his position as the CEO of Electric Coin Company (ECC), which is responsible for the development of the privacy-focused cryptocurrency Zcash (ZEC). Wilcox, who has been at the helm since the company's inception in 2015, played a pivotal role in fostering the development of Zcash, which debuted in 2016. Under his leadership, Zcash emerged as a prominent privacy cryptocurrency, reaching significant trading values shortly after its release​​.

By Rory Carroll

According to people speaking off the record to the New York Post, Morgan Stanley bankers’ biggest wish for the New Year isn’t for a bull market, a revival of SPACs or even a tiny bit of good news about their Elon Musk loan exposure.  They are hoping that when Ted Pick takes over as CEO, he will end the reign of terror over WhatsApp messages.

Air India on Sunday expressed «concern» over the Tata Group-owned airline's alleged threat to the cockpit staff with «appropriate measures» if pilots report sick for duty. In a communication to Air India senior vice president for flight operations Manish Uppal on Sunday, Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) said that reporting illnesses without the «fear of reprisal» is in the interest of flight safety.

Among the things that the New Year will bring are another couple of ticks on the clock for Jamie Dimon’s five year retention bonus, and consequently the opportunity for a few more rounds of speculation about succession. Surveying the top executives of JPM seems to suggest that nothing much has changed since the last round of speculation – Dan Pinto is the emergency candidate, Mariane Lake and Jennifer Piepszak are the top two most likely successors, but Jamie’s nowhere near the exit door yet and might not even leave at the end of the period. 

Blinkit and Swiggy’s Instamart vertical saw their total orders placed as of the evening of December 31, 2023 surpass the total orders placed on the New Year’s eve last year. Blinkit saw the total number of orders placed on the platform by 5.15 pm cross the total orders placed on the New Year’s eve last year, its chief executive Albinder Dhindsa said in a post on the microblogging platform X (formerly Twitter).

airports and more aircraft, including A350s, are ready to carry them in expanding routes in 2024 even as the fate of two bankrupt airlines remain uncertain. A slew of airports and terminal building inaugurations and revised norms to address pilot fatigue issue will also happen in the new year.

electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of products. The production of mobile phones, the poster boy of the country's electronics manufacturing, is expected to surpass USD 50 billion by March 2024 from around USD 42 billion in the previous financial year.

Apart from the world's top two cryptocurrencies, other popular crypto tokens like Solana remained on top with 965% returns. Avalanche (266%), Cardano (147%), Polkadot (96%), Tron (95%), XRP (82%), BNB (31%), Dogecoin (30%), and Shiba Inu (30%) were other top tokens. Meanwhile, as far as the top 100 cryptocurrencies are concerned, BONK remained the top crypto gainer in 2023 with an increase of over 9600%. Injective (2,923%), Tellor Tributes (2200%), Kaspa (2,198%), Render (1,051%), and Marinade staked SOL (1,038%) were among the other top 100 cryptocurrencies, according to data available on CoinGecko. On the other hand, EOS, TrueUSD, Dai, and Tether remained the top losers in 2023.

Indian equities are set for an eventful journey in 2024, with a slew of local and global cues — varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices — Sensex and Nifty — could climb up to 7%.

performance since 2017, with the Nifty 50 and the Sensex rising by 20 per cent and 19 per cent respectively. Additionally, the midcap and smallcap indices significantly outshone the benchmarks, with the BSE Midcap index soaring by 46 per cent and the Smallcap index surging by an impressive 48 per cent.

After nearly two years of hikes to the Bank of Canada’s benchmark interest rate, some forecasters are expecting the housing market correction will come to an end in 2024.

₹68,500 crore during the first six months of the current financial year. During 2022-23, it said banks' balance sheets grew at a healthy pace, with both deposits and credit growth accelerating. The Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks (SCBs) fell to a decade low of 3.9 per cent at the end of March 2023 and further to 3.2 per cent in September.

unconditional love. Entrepreneurship can be a lonely journey. Aside from financial resources, if you don’t have a solid support system, it can be very difficult to stay emotionally stable when you meet with setbacks or obstacles.

Nirmala Sitharman on Saturday held a meeting with heads of public sector banks and reviewed their financial performance. During the meeting, concerns related to cyber security and the risks on the financial sector were discussed, sources said. Issues related to fraud and wilful defaulters and progress on the National Asset Reconstruction Company Ltd (NARCL) also came up for discussion, they said.

Amit Shah on Saturday released 12 reference books related to the recently enacted criminal justice laws and said the books have lucidly brought out changes made in the laws in a concise and simple manner. Hailing the publishers for the reference books on the three laws, Shah said the books also give case law commentaries for easy understanding. The three new laws — the Bharatiya Nyaya Sanhita, the Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Act — got Parliament's approval last week and the president gave her assent on December 25.

ETtech looks back at some of the key developments.

Sonia Dasgupta, managing director & CEO of investment banking at JM Financial Limited spoke to ET about the trends in private equity markets in 2023. Excerpts of the interview: Can you elaborate on three significant trends in the private equity market in 2023? Increasing focus on Buyouts- Funds committed by private equity investors for control/buyout deals have doubled in 2023 (Rs 77,000 crore) as compared to 2022 (Rs 37,000 cr). There is increased comfort from private equity funds to cut larger cheques for control deals in India, given the opening up of diverse exit avenues such as secondary market sales, strategic sales, and IPO exits among others. (Select large buyouts in 2023 include Manipal Hospitals, HDFC Credila, CARE Hospitals / KIMS Health). b) Emergence of the Healthcare sector: India has seen an increase in investments in the hospitals/healthcare sector (Rs 39,000 crore)in 2023 as compared to Rs 6,500 cr in 2022), with 2023 seeing large investments in Manipal Hospitals, CARE Hospitals, Indira IVF, Maxivision Eye Hospitals among others. Life sciences has become a key investment theme for global funds and these funds are looking to bring global scale and operating expertise to the space.