CEO Financial News

Ola Electric? Is he serious? Well, his reaction was triggered by a video that recently surfaced online. The video clip showed a man, donning a helmet, and riding a rental bike (Ola Electric bike maybe) at a constant speed, without holding the accelerators — as if the bike had the cruise control feature. Cruise control is a feature that allows a person to maintain a speed, set by the driver, without using the accelerator.

Stocks on Wall Street soared on Friday, with the major averages scoring their best week of 2023, after weak jobs boosted hopes that the Federal Reserve could be done with its interest rate hiking campaign.

Unsecured loans were another talking point in the bank earnings after the Reserve Bank of India's (RBI) caution post the monetary policy review last month. But lenders have been empathic that all is under control and the risks are in segments that they are not present in. NIM, the difference between the yield a bank earns on loans and that it pays on deposits, reduced for almost all lenders large and small but in different quantums.

India is among the top five markets for PUBG and Battlegrounds Mobile India maker Krafton, even though the country has less than 10% of its total user-base paying for games, company's India business head Sean Hyunil Sohn said. Krafton India CEO Sohn told PTI that India is among the top three markets for the company in terms of user base and the willingness to pay among the gamers is rising. «India is a long-term play for us. The market goes at least 10 or 15% per year. We want to maintain our position and grow with the market. India is among the top five markets for us and in terms of user base it is within the top three,» Sohn said.

Tokyo Vice Season 2, including the release window, cast updates, and production details.

Bank of India (RBI) governor Shaktikanta Das draw attention to some of these contemporary dilemmas confronting central banks. The RBI governor, in copybook central banker mode, has duly pointed to a systemic risk routinely discounted by large commercial banks: high levels of staff attrition.

Snapdeal believes the e-commerce story over the next 5-10 years will be around the growth of the 'value' lifestyle segment, and the online marketplace is looking to corner a «decent slice of this opportunity» as it focuses on unit economics, quality checks, and use of AI as well as tech to measure and improve customer experience. Snapdeal's business metrics are «in a good space» in the value e-commerce category and it has opted to «reinvest in growth now» as financial parameters are within striking distance of profitability, Himanshu Chakrawarti, CEO of Snapdeal, told PTI.

Whenever $17.5 billion global advertising giant Interpublic talks to its major clients – the likes of American Express, Coca-Cola, Johnson & Johnson and Spotify – about advertising on search engines, it presents them the same chart.

Chrysos Corporation, a gold sample testing company making inroads with technology that is disrupting the industry, is preparing to raise equity and has hired Barrenjoey Capital Partners and Shaw and Partners to oversee the mooted cash call.

It’s near the end of the blockbuster that is the media and gambling sectors versus the public and most of the industry is keeping its head down, covered in mud among the tree roots, trying desperately not to trip the fury of the government.

LGT Crestone, the financial adviser backed by the Liechtenstein royal family, has stepped up its campaign to poach Credit Suisse’s wealthy clients and leverage the perception of any instability surrounding the Swiss bank’s takeover by UBS.

Marico expects revenue growth to come back in the second half of the fiscal and sluggish rural demand to gradually improve, said its Managing Director and CEO Saugata Gupta. It has taken price corrections after softening of inflation in the domestic market in the last two quarters, which has some effects on its revenue growth. However, it has helped it either gain or sustain market share and also increase penetration in some of its portfolio, he added.

The chief executive-in-waiting of one the world’s biggest lithium players says the valuations awarded to early-stage projects in Western Australia are far too high.

Shark Tank India’! And it’s none other than Radhika Gupta, the Managing Director and CEO of Edelweiss Mutual Fund. The entrepreneur will join the jury for the third season of the popular reality TV show. On Sunday, Gupta broke the news to her followers on X (formerly Twitter). Taking to X, she encapsulated her entrepreneurial journey, from founding a company to nurturing one and finally, helping budding entrepreneurs materialise their dreams.

Atul Suri, CEO, Marathon Trends — PMS, says “people are scared to buy at 30 PE, 40 PE, because historically these have been 10 and 15 PEs. But the fact is if the numbers continue to come, if they continue to deliver, that is really how bull markets are made. All great stocks have been expensive. Rarely, have all the wealth creators been cheap. The fact is that these companies tend to beat. And when they beat, what looks expensive suddenly looks cheap.” Give me an example of where strength in the market has surprised you. It is not a recommendation. We are discussing one or two names. Let us say electrical equipment. I would not take a name because I own the stock, but it is in the midcap space. You realise that all these unglamorous, boring companies went up. People say now they are at 40 PE, 50 PE and they have become very expensive. But these companies are delivering 30-40-50% returns and what looks expensive one quarter suddenly looks cheap the next quarter. As earnings keep coming, if you have an industrial revival, these companies will continue to surprise.

work-life balance in a post-pandemic world. Their preferred destinations: the UK, Dubai and Singapore. Improved airline connectivity and technology have made it convenient to travel and be in constant touch with colleagues and family in India, helping the transition. Key reasons stoking this trend include better infrastructure, quality of life, wealth preservation and growth. Many of these promoters told ET on the condition of anonymity that India is important as a growth market, but many countries outside offer ease of living. Having a professionally run business has helped promoters and their next generation focus on growing their operations and wealth, experts say.

By Helen Coster

If you’re in the oddly specific position of being a managing director (MD) cut from Citi in Hong Kong, have no fear; it turns out you can find a new job pretty quickly.

As this profile of Marc Nachmann says, Goldman Sachs CEO David Solomon has “pinned his hopes on … a newly merged asset and wealth management division” run by Nachmann, and “his job security may depend on it”.  The article also correctly summarises the general view of the Street when it comes to Goldman’s ambitions to roughly triple divisional profits from their 2022 level, which could be summarised as “pretty sceptical”.

Times are changing at private equity firm Apollo. Not only is the massive fund trying to alter its culture to become less ruthless and more friendly under new CEO Marc Rowan, but it's rethinking the way it pays its most senior people. 

For anyone who missed the memo, private credit is the place to be in 2023. Banks are rushing intoprivate credit (take Deutsche Bank, which just launched a new business in the area), funds historically focused on private equity are rushing into private credit (take Apollo, which said today that more than 80% of its assets are now in its credit and hybrid units) and private credit investors themselves are doubling down on private credit.