CEO Financial News

Wolfspeed (NYSE:WOLF) shares dropped about 13% in pre-market Thursday after the company reported results for its fiscal fourth quarter.

Investing.com — Cisco (NASDAQ:CSCO) reported fiscal fourth-quarter results that beat Wall Street expectations as demand was spurred by growing enterprise appetite for AI, security, and cloud.

By Ernest Scheyder

(Reuters) — U.S. stock index futures edged higher on Thursday, a day after minutes of the Federal Reserve's last policy meeting showed most officials held a hawkish view on interest rates, while shares of Cisco gained on upbeat quarterly results.

hedge fund with a multibillion-dollar stake in Alphabet, publicly called on the company in November to reduce spending in Other Bets by at least half. Ruth Porat, Alphabet’s chief financial officer, has kept a close watch over expenses at the Other Bets, often encouraging the companies to have more commercial discipline, said people familiar with the discussions. Alphabet said last month that Porat would move into a new role as president and chief investment officer in September, overseeing the company’s stakes in the Other Bets among other responsibilities.

market cap of new listings sat at A$2.5 billion compared with A$58.9 billion the year before, a 96% drop. Annual listing revenue was affected by fewer listing and the delisting of some larger companies, said ASX.

₹1 crore? Five years, seven, ten, twelve, or fifteen years? Money experts say that investment in mutual funds via a systematic investment plan (SIP) works wonders in the long term since investors get the benefit of compounding. If Mutual Fund (MF) investors want to become crorepati via SIP without an annual step-up, then it is very much possible, in how many years will depend upon the amount they wish to invest. As per the data from MFI, FundsIndia Research, a SIP amount of ₹10,000 will make an investor crorepati in 20 years, ₹20,000 in 15 years, 25,000 in more than 13 years, and ₹30,000 in more than 12 years.

Bata India share price rallied over 7% on Thursday amid reports that the company was in talks with Adidas for a strategic partnership in the Indian market. Bata shares jumped as much as 7.37% to ₹1,767.95 apiece on the BSE. According to a report by CNBC-TV18, footwear maker Bata India is likely to tie up with athletics shoemaker giant Adidas for the domestic market.

Mumbai: Bahrain Steel, producer and global supplier of high-grade iron ore pellets, on Thursday said that it has signed a Letter of Intent (LoI) with Essar Group to supply 4 million tonne of DR-grade pellets per annum (mtpa) to Green Steel Arabia (GSA) project in Saudi Arabia. “Essar is looking at investing about $4.5 billion in setting up an integrated steel plant in Ras Al Khair, Saudi Arabia," said Naushad Ansari, country kead for Essar Group in KSA.

inflation, companies across segments in the country are reporting tepid numbers. Lukewarm demand trends have become the norm for businesses ranging from fashion retailers to quick service restaurant (QSR), ToI reported on August 17. The demand situation is posing a challenge, as mentioned by a significant number of companies in their Q1 earnings statement.

Gogoro Inc on Thursday announced a partnership with Swiggy to promote its electric Smartscooters to last-mile delivery partners of the on-demand convenience delivery platform across India. Gogoro and Swiggy will provide a seamless path for riders to adopt sustainable electric transportation and improve their business efficiency, Gogoro Founder and CEO Horace Luke said. «Partnering with Swiggy, a leading player in the industry, to provide access to Gogoro Smartscooters and battery swapping is essential in successfully transforming India's urban fleets to electric,» he added. Swiggy Head of Operations Mihir Shah said, «This partnership with Gogoro is another key step in our commitment to creating greener and cost-effective solutions for our delivery fleet.»

Oyo said on Thursday that it has entered into a memorandum of understanding (MoU) with Shri Vishwakarma Skill University (SVSU), Haryana Kaushal Rozgar Nigam Limited (HKRNL), and the Foreign Cooperation Department in the presence of Haryana chief minister, Manohar Lal. The company said the primary objective of this MoU is to create job prospects for young individuals in various job roles within the hospitality sector in European nations such as Denmark.

New Delhi: The national capital and the adjoining region (Delhi-NCR) reported a 65% year-on-year increase in retail leasing across investment-grade malls, high streets and stand-alone developments in the first six months of calendar year 2023, real estate consulting firm CBRE South Asia said in a report released Thursday. The city recorded a retail supply of 0.22 million square feet (msf) between January and June, while total leasing during the period stood at 0.70msf compared to 0.42msf a year ago. Fashion and apparel retailers led retail leasing activity in the region with a share of 47%, followed by luxury at 13%, and food and beverage.

A savings account is the first step of your financial journey. It is important to have a savings account to avail multiple services and accessibility of your funds when in need. Besides keeping your funds safe, your savings account helps you earn interest on your deposits. However, it is generally recommended not to park your entire funds in your savings account but invest them for maximising your income.

Rooter, a gaming and esports content platform, has launched its advertising campaign focused on a typical gaming fan’s FOMO (fear of missing out). According to the company, this is the first TV campaign by a gaming content platform in India.

Investment in the Bandhan Nifty IT Index Fund can be made through licensed mutual fund distributors and online platforms, as well as, directly on https://www.bandhanmutual.com. Highlighting why investors should consider investing in the Bandhan Nifty IT Index Fund, Vishal Kapoor, CEO, Bandhan AMC said, “The Indian IT sector is at the forefront of global innovation, establishing itself as a technology powerhouse and a leading player in the global IT landscape.

Dentons, the world's largest global law firm, has announced plans to launch a proprietary version of ChatGPT, named «fleetAI,» that will enable its lawyers to apply generative artificial intelligence (AI) to active client matters. The announcement was made in London and the tool is set to launch in August 2023.

Health Care has raised $80 million from existing investors Singapore's Temasek and U.S.-based TPG The fundraise will provide significant capital to fuel the company’s expansion plans. The company plans to deploy capital to expand the current network of 150+ centres to over 300+ centres in the next 3 years. The company has new projects in development in Mumbai, Punjab, central and northern India, among others.

Radhika Gupta, the Managing Director and Chief Executive Officer of Edelweiss Asset Management Company, has triggered a wave of discussion and curiosity on social media with her recent tweet. On August 15th, Gupta shared insights into the investment journeys of her family members, shedding light on the ages at which they ventured into the world of equities. Taking to the social media platform X (formerly known as Twitter), Radhika Gupta disclosed a fascinating timeline of investment initiation within her family.

NEW DELHI: After reporting a decline in margins in the June quarter due to performance-based appraisals for FY24, Cigniti Technologies is hoping to be back on the growth path from Q3. “As we move forward, our strategic initiatives, like a better offshore-onshore mix and focus on long-term value creation, would pave the way for improved margins, potentially from Q3 onwards,” said Cigniti Technologies CEO Srikanth Chakkilam. Edited excerpts:During the quarter, your revenue improved sequentially but margins declined. Do you see margins improving from Q3 onwards?We have reported a sequential growth of about 3.4% on a quarter-on-quarter basis, which we believe to be a fair performance given the recent macroeconomic conditions.

Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to US retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC). The move will allow Coinbase to offer bitcoin and ether futures directly to eligible US customers.