CEO Financial News

By Leigh Thomas and Silvia Aloisi

Digital healthcare platform provider MediBuddy on Wednesday said it has raised additional funding of $18 million from existing investors Quadria Capital, Lightrock and TEAMFund. The current funding round is in continuation of the Bengaluru-based startup’s series C fundraise of $125 million in February 2022. The funds will be used to fuel the company’s growth and expansion plans through strategic acquisitions, as per a statement. “A formidable portion of these funds shall be meticulously channelled into strategic acquisitions and fortifying its existing offerings, harmonising with MediBuddy's visionary trajectory and enabling exponential growth,” the statement read. MediBuddy offers online and offline doctor consultations, medicine delivery, lab tests at home, mental health consultations, surgery care among other healthcare services. Founder and CEO Satish Kannan said MediBuddy has been growing at a compound annual growth rate (CAGR) of 95.5% over the past three years.

Thousands of Optus customers who had personal details stolen in a cyberattack and leaked on the dark web may never find out how the breach happened after the telecommunications group pleaded “legal professional privilege” to try to stop a report into the hack being released.

David Jones chief executive Scott Fyfe says trading at the upmarket department store has remained in positive territory and shoppers are still investing in luxury brands, although sales in the past few months have slowed as pressures mount on household budgets.

Tesla is letting some drivers use its Autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from U.S. safety regulators

CNN is bringing in former New York Times and BBC leader Mark Thompson in an attempt to turn around its fortunes

Stablecoin issuer Tether has established a banking relationship with Britannia Bank & Trust, a privately-held bank located in the Bahamas, to facilitate dollar transfers, according to unnamed sources cited by Bloomberg.

Warner Bros Discovery named Mark Thompson as CEO of CNN on Wednesday, tasking the former New York Times and BBC chief with reviving a news network beset by sagging ratings and falling profits.Thompson succeeds Chris Licht, who stepped down in June after a rocky one year at the helm that included a divisive town hall with former Republican U.S. President Donald Trump and the shutdown of CNN+ streaming service just weeks after its launch. With Thompson, 66, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht — a former TV producer who had worked on «The Late Show With Stephen Colbert.» During his 8-year tenure as the CEO of the Times, Thompson helped transform the Gray Lady into a beacon for newspapers in the internet age by focusing on digital subscriptions. The Times' share price grew nearly five-fold in the period, widely outperforming the benchmark S&P 500 index. «Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations,» Warner Bros Discovery CEO David Zaslav said in a statement. A big focus area for Thompson is likely to be the recently announced round-the-clock news service called CNN Max, which will be available on Warner Bros Discovery's streaming platform. CNN Max is looking to capitalize on the immediacy of breaking news and analysis, differentiating it from CNN+, which featured lifestyle programs. The news network's ratings have been sagging, even as the company attempts to attract more Republican viewers. Its profit fell under $1 billion in 2022 and is expected to be modestly higher this year than last, at $938.6 million, according to data from S&P Global Market Intelligence.

Check out the companies making headlines before the bell.

investor and the Chief Executive Officer (CEO) of multinational conglomerate Berkshire Hathaway turned 93 on August 30, 2023. Buffet is the world's fifth richest man in Forbes Real-Time Billionaires’ list with a net worth of nearly $118.3 billion (as estimated by Forbes). Earlier this month, Berkshire Hathaway reported its best-ever quarterly results. Analysts were expecting its operating earnings to fall 8% on a revenue growth of 6%.

After receiving two bids to acquire it in the past month, U.S. Steel has told its shareholders that it is in the process of reviewing multiple offers for the storied company and symbol of American industrialization

IndiGo is carrying out the «technical evaluation» of the engine issues faced by the airline's two aircraft on Tuesday, according to an official. Two flights of IndiGo, one from Kolkata to Bengaluru and another from Madurai to Mumbai suffered engine issues on Tuesday. In a statement, IndiGo said its flight 6E 455 from Kolkata to Bengaluru returned to Kolkata after take off due to a technical issue.

BYJU's continued this week WhiteHat Jr CEO Ananya Tripathi reportedly submitting her resignation on Wednesday. The development comes mere hours after Byju's Chief Business Officer Prathyusha Agarwal and two other senior executives resigned from the struggling ed-tech startup.

PhonePe announced its foray into stock broking business with the launch of a new mobile application called ‘Share(dot)Market’, under its subsidiary PhonePe Wealth Broking. The announcement by the leading digital payment platform marks the completion of offerings in its financial services bouquet, said Sameer Nigam, the CEO and Co-Founder of the company.

'Chandrayaan mission, a living example of women's power', says PM Modi in Mann Ki Baat PM Modi also announced that Chandrayaan-3's landing spot on the Moon would be named Shiv Shakti Point. "In Shiv, there is a resolution for the welfare of humanity and Shakti gives us strength to fulfil those resolutions. This Shiv Shakti point of the moon also gives a sense of connection with the Himalayas to Kanyakumari", the prime minister said.

Achieving your travel goals while safeguarding your investments demands a blend of prudent financial management and strategic travel planning. Begin by setting clear priorities, outlining both your investment objectives and desired travel experiences. Create a dedicated travel fund within your budget, ensuring a steady allocation from your income.

Whenever the lending interest rate increases, it directly impacts the EMIs of loan borrowers. A longer tenure and a bigger loan amount have a greater impact on the overall loan repayments.

Good news for air passengers! Kempegowda International Airport Bengaluru’s (BLR Airport) Terminal 2 (T2) will commence its international operations from August 31 onwards. The first international flight is all set to take off from Bengaluru Airport tomorrow. 

The real estate sector in India has witnessed a noteworthy surge in demand and transactions over the past couple of years. The sector, which grappled with high pre-COVID inventory levels, now faces a different scenario with restricted supply in many high-demand cities and neighborhoods. Among these, Gurugram stands out as a city witnessing an upsurge in demand across the entire residential housing spectrum, encompassing affordable and luxury options, independent houses, floors, and plots.

Securities Appellate Tribunal (SAT) on Wednesday directed the Securities & Exchange Board of India (Sebi) to file its response by September 4 in an appeal filed by Punit Goenka, the promoter of Zee Entertainment Enterprises Limited (ZEEL). The tribunal will now hear the matter on September 8. Goenka, who is the MD and CEO of ZEEL, approached the appellate tribunal through the law firm Economic Laws Practice (ELP) to challenge the capital market regulator’s confirmatory order barring him from holding any directorship or managerial position in any listed company or their subsidiaries. The ZEEL chief has submitted that the capital market regulator’s order be set aside. The division bench, comprising Justice Tarun Agarwala and technical member Meera Swarup, while allowing Sebi to file its response by September 4, observed that it is not satisfied with Sebi’s timeline of eight months to complete the probe against the alleged wrongdoings by the ZEEL promoters. The regulator had said in its order that it would complete the probe against ZEEL promoters within eight months from the order's issuance date. «The merger has happened with the consensus of the shareholders.

farming robot in Brazil and in the United States, CEO Britaldo Hernandez said in an interview, in a sign of growing demand for "precision agriculture" tools in two of the world's largest food producers. Sold at a price of $50,000, the Solix AG Robotics unit can scout crops and monitor the development of individual plants, as well as target spray herbicide to save costs.