CEO Financial News

Prosecutors are pressing a federal judge to prevent former Binance CEO Changpeng Zhao from leaving the United States before his scheduled sentencing hearing on February 23, 2024.

₹387.65 apiece on the BSE. Honasa Consumer, the parent company of digital skincare firm Mamaearth, reported a net profit of ₹30 crore in Q2FY24, which doubled from the same period last year. Its revenue from operations grew 21% to ₹496 crore.

Honasa Consumer, which runs the Mamaearth brand of toxin-free products, on Thursday rallied around 12% to touch a fresh peak of Rs 393.95 on BSE after the beauty and personal care products retailer reported 94% year-on-year (YoY) growth in Q2 profit. Driven by volume growth, Honasa's quarterly revenue grew 21% YoY to Rs 496 crore while its Ebitda margin expanded 170 bps YoY to 8.1%, the highest ever. The company's management remains confident of delivering a 30% plus revenue growth going forward, similar to that in H1. It also expects Ebitda margins to keep improving on a YoY basis over the coming years, led by operating leverage and further optimisation of ad-spends. «We upgrade our FY24-26e Ebitda and EPS by 5-6%.

Vistas Media Capital, which has ambitions to raise $100 million in capital for its film and digital content projects in India, has closed a $10 million funding deal with Kitara Capital, a Middle East-based global investment group. “We have raised $10 million from Kitaara Capital. This is our first investment for the company, and we intend to raise $100 million for investing in film and digital content over the next three years,” Abhayanand Singh, CEO of Vistas Media, told ET. Singh added that the company will utilise the funds to develop, produce, finance, and distribute Indian content across theatrical and digital platforms globally. «We currently have theatrical and non-theatrical films, as well as digital content, under development in Hindi and Tamil.

Dish TV, and Sun Direct—declined nearly 10% to Rs 11,072 crore in FY23, compared to Rs 12,284 crore the previous fiscal year, according to data obtained from the four firms' regulatory filings. Furthermore, the four DTH companies have incurred a net loss of Rs 2143 crore cumulatively, with Dish TV posting the biggest loss of Rs 1684 crore. All four DTH operators recorded losses in FY23, while three of the four DTH operators—aside from Dish TV—reported profits in FY22. However, Dish TV’s losses in both FY23 and FY22 were due to exceptional items amounting to Rs 1,908 crore in FY23 and Rs 2,654 crore in FY22, the company said in a statement. It added that the exceptional items were due to the impairment of intangible assets under development, trademarks or brands, property, plant equipment (PPE), and goodwill related to its merger with Videocon D2H and related accounting. Experts say that the DTH business is under stress due to a decline in the subscriber base and the average revenue per user (ARPU).

Expect only the finest in Christmas presents this year from Anthony Scali, the scion and CEO of ASX-listed furniture retailer Nick Scali.

Investment planning for a girl child involves a strategic approach focused on securing her financial future. Fortunately, there are many investment avenues available for one’s girl child in India, which includes a range of financial products offering long-term growth potential and tax benefits. These avenues help parents build a strong financial base to secure their’s girl child’s future needs, such as marriage or education.

OpenAI of ChatGPT fame have been one too many since it declared chief executive officer Sam Altman’s sacking last week. The latest is Altman’s Wednesday reinstatement as CEO, a position he will be taking over from Emmett Shear, who was appointed on Sunday.

Key Advisors Wealth Management co-founder and CEO Eddie Ghabour discusses the state of the consumer ahead of the 2023 holiday shopping season on 'Varney & Co.'

investors have raised their stakes in ICICI Securities, the investment banking and broking arm of ICICI Bank, in the past three months after the company announced delisting plans in June. Market watchers said these institutions may be buying the shares in anticipation of better terms in the delisting process.

OpenAI over the past four days has sparked calls for reducing dependence on the use of a single Generative Artificial Intelligence (GenAI) tool by technology and startup executives that use the product or were planning to sign up. On Wednesday, OpenAI confirmed that Sam Altman was being restored as the CEO, bringing closure to the meandering saga at the most important GenAI company in the world. The twists and turns since his initial ouster had kept everyone in the startup community on tenterhooks.

0x10BC, a Bitcoin development blogger, has unveiled data potentially suggesting that F2Pool has censored a number of recent transactions.

There are a lot of myths surrounding turnkey asset management platforms. And because of those myths, a lot of advisors might be missing out on what TAMPs have to offer.

Despite the buzz around cryptocurrencies’ potential, Bitcoin (BTC), the world’s most valuable cryptocurrency, experienced a setback, slipping below the $37,000 threshold early Wednesday. This downturn coincides with significant industry news: Binance CEO Changpeng Zhao announced his resignation amidst allegations of involvement in money laundering activities, as reported by Iconomicom on Twitter.

By Aditya Soni

(Reuters) -General Motors' robotaxi unit Cruise is planning to re-launch in one city, the company said on Wednesday.

The Blockchain Association released its annual report on Wednesday, November 22nd, showcasing the challenges and highlights faced by the crypto sector this year.

Sam Altman's return as OpenAI's chief executive will strengthen his grip on the startup and may leave the ChatGPT creator with fewer checks on his power as the company introduces technology that could upend industries, corporate governance experts and analysts said. OpenAI is bringing Altman back just days after his ouster as well as installing a revamped board that could bring sharper scrutiny to the startup at the heart of the AI boom, but strong support from investors including Microsoft may give Altman more leeway to commercialize the technology.

State Bank of India (SBI) chairman Dinesh Khara said it is clear that the climate risk is going to be much more pronounced and significant in the years ahead, but banks are facing challenges in funding green projects. «Multilateral agencies are unable to honour their commitments in green financing due to the situation they are facing in their home countries. In this situation, banks will have to step in.

In this article

OpenAI and his triumphant return in five days could make it to business school curricula, offering valuable lessons on leadership, loyalty and valuations. The OpenAI whirlwind started on Friday with the abrupt dismissal of co-founder and chief executive officer (CEO) Altman, who enjoys a cult-like status in the technology world. President Greg Brockman quit as well, prompting hundreds of employees to threaten resignation, and triggering an outcry to bring Altman back.