CEO Financial News

07.11 / 07:25

Citi Target Progressive CEO performer country International KFC-operator Devyani International Q2 profit drops by 43.2% to Rs 33.35 cr, revenue up 9.6% led by new store additions

Devyani International on Tuesday recorded profit for the second quarter of FY24 at Rs 33.35 crore, down 43.2 per cent in comparison to Rs 58.76 crore during the same period last year. It posted revenue from operations at Rs 819.47 crore, up 9.6 per cent as against Rs 747.43 crore during the quarter ended September 2022, led by new store additions. The company EBITDA stood at Rs154 crore, down 7 per cent on-year.

07.11 / 07:10

Provident Booking CEO Platform Software Enterprise stage TURBO GPT-4 Turbo: OpenAI unveils the most powerful, more updated ChatGPT. Here's what it offers

OpenAI introduced its latest AI model called GPT-4 Turbo, which is an upgraded version of its popular ChatGPT chatbot. This new model comes with enhanced capabilities for users to create customized versions of ChatGPT. One of the major announcements made by OpenAI was the reduction in prices for companies and developers who use their software.

07.11 / 06:59

CEO pandemic Experts country rock fall WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world

07.11 / 06:59

CEO economy show performer reports travelers With electric vehicle sales growth slowing, Stellantis Ram brand has an answer: An onboard charger

One of the biggest reasons people cite when saying they won’t buy an electric vehicle is range anxiety

07.11 / 06:51

IPO Digital Man CEO Dreams electronic Mamaearth IPO: Reactions from shareholders, startup ecosystem on its listing

Honasa Consumer, the parent entity of Mamaearth brand, listed on bourses on Tuesday, with a premium of 2% over the issue price. The stock got listed at Rs 330 on NSE as against the IPO price of Rs 324. Meanwhile, on BSE, it debuted at Rs 324. The IPO closed on Thursday, with it getting bids for 7.61 times the shares on offer.

07.11 / 06:41

Manufacturing CEO Tesla Celebrity country electronic reports Tesla's India Investment: Key ministries collaborate for swift entry of EV maker

Elon Musk's electric vehicle (EV) company Tesla to India as soon as January 2024, The Economic Times reported. The Prime Minister's Office recently convened a meeting to discuss the future of EV manufacturing in India, which includes Tesla's investment proposal, it added. While the meeting was focused on policy matters, officials did prioritise the acceleration of approvals for Tesla's proposed investment in the country by January 2024, an official told the paper.

07.11 / 06:03

IPO Reuters CEO Strategy pandemic reports How WeWork founder Adam Neumann's wealth grew while the company tumbled. Details

bankruptcy filing broke. The stock has tanked 99.8 percent since its initial public offering (IPO). On November 1, the Wall Street Journal reported that WeWork plans to file its Chapter 11 petition for bankruptcy in New Jersey.

07.11 / 05:57

Provident Manufacturing CEO Mobile 2020 Flyers for EV outfit GoZero hit inboxes; 50pc margin uplift predicted

An opportunity to gain exposure to a distributor, manufacturer and assembler of zero-emissions buses and trucks on the cusp of the EV revolution with a line into government and commercial contracts.

07.11 / 05:51

Extreme CEO country testing Global banking chiefs warn market vulnerable to 'geopolitical escalation'

By Selena Li

07.11 / 03:57

Provident CEO JPMorgan Strategy Fallout pandemic SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy

(Reuters) — WeWork, the SoftBank (TYO:9984) Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

07.11 / 02:59

Provident CEO JPMorgan Fallout pandemic reports SoftBank’s WeWork, once valued at $47 billion, files for bankruptcy

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured. The move represents an admission by SoftBank, the Japanese technology group that owns about 60% of WeWork and has invested billions of dollars in its turnaround, that the company cannot survive unless it renegotiates its pricey leases in bankruptcy.

07.11 / 02:55

CEO Fighting President show reports recommendations Banks willing to cut repayments for borrowers who pick up the phone

Mortgage customers underwater on repayments are likely to be offered deferred repayment plans if they call up their bank, and even those who aren’t struggling are securing big discounts on interest rates just by picking up the phone.

07.11 / 02:55

CEO VanEck show stage information reports recommendations Takeover Support ‘Reasonable’: Origin takeover gets support from proxy adviser

Origin Energy’s North American suitors have secured support for their $20 billion takeover proposal from key proxy adviser Institutional Shareholder Services, which has told investors the deal offers a “reasonable” premium.

07.11 / 02:53

Citi Target CEO Experts country reports travelers Binny Bansal to launch new global AI start-up after Flipkart

Walmart Pays $3.5 Billion to Hike Stake in Flipkart The 40-year-old billionaire, who co-founded e-commerce major Flipkart and made a profit selling his stake to Walmart Inc., is looking to tap the country's large English-speaking young population to train more experts for new AI services. The focus will be on “training talent and offering services" from smaller cities in India, the report said. Bansal did not respond to queries, the report added.

07.11 / 02:23

CEO Forbes reports GM halts production of Cruise driverless van - Forbes

(Reuters) — General Motors (NYSE:GM) is pausing production of its fully autonomous van, the Origin, Forbes reported on Monday, citing an audio of Cruise CEO Kyle Vogt's address at an all hands meeting.

07.11 / 02:00

CEO performer information reports TURBO Sam Altman announces GPT-4 Turbo. A look at what's changed with OpenAI's latest language model

ChatGPT to access the internet and get up-to-the-minute information. Also Read| ChatGPT gets access to internet, ‘we are back’ says OpenAI CEO Sam Altman The OpenAI CEO was quoted by Bloomberg as saying, “We are just as annoyed as all of you — probably more — that GPT-4’s knowledge about the world ended at 2021… We will try to never let it get that out of date again." Apart from being more up to date than the previous version, GPT-4 Turbo also features a larger 128K context window, which the company claims can fit over 300 pages of text in a single prompt.

07.11 / 01:47

Provident Manufacturing CEO Tesla country electronic Department 2024 elon India looks to fast-track approvals for Elon Musk's Tesla by January 2024

India is pulling out all the stops to get Elon Musk's Tesla to the country with government departments working to provide all the required approvals by January 2024. The Prime Minister's Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the country, including Tesla's investment proposal, people with knowledge of the matter told ET. «Though the agenda of the meeting was centred on general policy matters, fast-tracking approvals by January 2024 to Tesla's proposed investment in the country was spelt out,» a top official said.

06.11 / 22:46

Target CEO Mobile Apple NXP performer Chipmaker NXP forecasts profit above estimates on resilient auto, industrial

(Reuters) — Chipmaker NXP Semiconductors (NASDAQ:NXPI) forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets.

06.11 / 22:23

Provident CEO President Biogen reports Wall St extends winning streak; eyes Fed speakers, Treasury auctions

By Chuck Mikolajczak

06.11 / 21:41

Blockchain Ethereum Provident Digital CEO Platform innovations Magic Eden and Yuga Labs Unveil Ethereum NFT Marketplace to Protect Creator Royalties

Yuga Labs has announced a collaboration with Magic Eden to introduce the Magic Eden Ethereum Marketplace, scheduled for release before the end of the year.

06.11 / 20:59

Google CEO Apple Software show information reports AI startup ChatGPT-maker OpenAI hosts its first big tech showcase as the AI startup faces growing competition

Less than a year into its meteoric rise, the company behind ChatGPT unveiled the future it has in mind for its artificial intelligence technology on Monday as it launched a new line of chatbot products that can be customized to a variety of tasks

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