CEO Financial News

Zerodha Fund House we are building in partnership with Smallcase. Our motivation to start a mutual fund was twofold. The first was that the biggest challenge and opportunity for Indian markets is shallow participation.

Tata Sons Chairman N. Chandrasekaran, senior executives from Air India, and top heads from the Indian aviation industry, it is rather clear that the loyalty towards the airline will develop on account of on-time performance, reliable flight operations, a wide network that gives passengers the most feasible flight timings, and clean aircraft with interiors in acceptable condition.

Transunion Cibil. Delinquency rates excluding legacy accounts with DPD beyond 720 days have gradually declined over the last three years, the credit bureau said. It fell to 2.4 per cent in the March 2023 quarter from 2.9 percent in the same period a year ago.

News18. To which, Zuckerberg responded by saying, “Send me location".

Recently, Larry Fink, the CEO of BlackRock asset management fund, talked about crypto in an interview on CNBC. He said that crypto “has a differentiating value versus other asset classes, but more importantly, because it’s so international, it’s going to transcend any one currency.”

Berger Paints Ltd will seek to double its revenue to Rs 20,000 crore by 2028-29, a top company official said on Friday. To achieve it the company will need to expand its capacity to 1.6 lakh tonnes per month from the current 95,000 tonnes per month, Berger MD and CEO Abhijit Roy said during a post-AGM interaction. «We plan to invest Rs 2,700 crore in greenfield and brownfield expansion projects over the next 5-6 years.

₹2.15 to ordinary unitholders for the first quarter of fiscal year 2023-24, with a total amount of ₹277.42 crore to be distributed. Cube InvIT reported a consolidated total income of ₹781.58 crore and an earnings before interest, taxes, depreciation or Ebitda of ₹423 crore during the first quarter ended June 30.

At least 3 Wall Street analysts lowered their ratings on Wolverine World Wide (NYSE:WWW) in response to the company’s Q2 results and management change.

The firm's former CEO William Shihara and its foreign affiliate, Bittrex Global, have also agreed to settle charges.The SEC charged Bittrex in April, saying the firm provided services to US investors in connection with crypto assets that were offered and sold as securities.In addition, the regulator alleged that Bittrex and Shihara directed issuers who sought to have their crypto assets made available for trading on the platform to first delete from public channels certain “problematic statements” that Shihara believed would lead a regulator to investigate whether the crypto asset was offered and sold as a security. “For years, Bittrex worked with token issuers to 'scrub' their online statements of any indicia that they were investment contracts—all in an effort to evade the federal securities laws.

Nifty formed a long bear candle on the daily charts, indicating a downside breakout of the smaller range movement of the last few sessions. On the weekly timeframe, an Inside Bar was formed on the charts. Now till it holds below 19,500 zones, weakness could be seen towards 19,300 then 19,250 zones whereas hurdles are placed at 19,550 then 19,650 zones, said Chandan Taparia of Motilal Oswal.

DC Universe (DCU) fans were all excited when ‘Wonder Woman’ Gal Gadot hinted at the return of the female superhero in a third film in the franchise. The sequel had been shelved when DC Studios’ new co-CEOs, James Gunn and Peter Safran, took over. So, has Wonder Woman been revived? A new report in Variety rebutted the claims. Gal Gadot, who plays the iconic female superhero in the film, recently revealed to ComicBook.com that she had been assured by James Gunn and Peter Safran of a new Wonder Woman movie with her. «I love portraying Wonder Woman. It's so close to and dear to my heart,” said Gal Gadot. “From what I heard from James and from Peter is that we're gonna develop a Wonder Woman 3 together,» she added. She said in the interview that both CEOs had told her, “You’re in the best hands. We’re going to develop Wonder Woman 3 with you. (We) love you as Wonder Woman— you’ve got nothing to worry about.” But now Variety has learned from sources at DC that a third Wonder Woman film is “not in development at DC Studios nor do Gunn and Safran have plans at this time for any Wonder Woman project in the new DC Universe other than their previously announced “Paradise Lost” prequel series for Max”.

Below are stories of a few of such industrious and brave people who came over from Pakistan during the Partition and built successful businesses from scratch.Dharampal Gulati Mahashay Dharampal Gulati, the king of spices who built MDH, India's leading spice brand, was born in Sialkot, Pakistan, in 1923, and moved to India with his family during the Partition. The old man with a turban and a moustache, who has adorned commercials and packs of MDH spices for decades, became an icon of success in modern India.

Nykaa Q1 Results: FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, released its April-June quarter results for fiscal 2023-24 (Q1FY24) on August 11, reporting a decline of 27 per cent in net profit at ₹3.3 crore, compared to ₹4.5 crore in the corresponding period last year. The company's revenue from operations during the first quarter of current fiscal stood at ₹1,422 crore, registering a growth of 24 per cent, compared to ₹1,148 crore in the year-ago period. The company's total expenses rose 22 per cent to ₹1,418.8 crore during the June quarter, compared to ₹1,148 crore in the last year period.

One of the two non-seed stage deals was Credgenics’ Series B raise of $50 million, which formed a bulk 82% of overall funding tally. The other deal was Stable Money’s Series A raise of $5 million.

The financial services industry has never been so competitive and even as the population grows wealthier, it’s becoming harder for wealth advisors and firms to grow their share of wallet.

By Deep Kaushik Vakil

Indian School of Hospitality (ISH), a hospitality and culinary arts education institution, has appointed Kunal Vasudeva as managing director of the organisation. Vasudeva has also been elevated to the position of co-founder. He was earlier the chief operating officer of the company.

Ather Energy on Friday launched an entry-level electric scooter model 450S in the country priced at Rs 1.29 lakh (ex-showroom Delhi). The Bengaluru-based company also unveiled its existing product range with additional features. The 450S comes with a battery capacity of 2.9 kWh, a range of 115 kilometres and a top speed of 90 km/hour, Ather Energy said in a statement. The existing model, 450X, now comes with the option to choose between 115-km and 145-km range variants priced at Rs 1.37 lakh and Rs 1.44 lakh, respectively, it added.

The small-cap Mutual Fund category has given impressive returns. Irrespective of the time horizon of an investor, small-cap mutual funds have grown investors' wealth many-folds. Market experts say that in the long term, this MF category is capable of giving the maximum return on one's money. This is because it moves faster than large-cap, and mid-cap mutual fund plans. 

«Now, this we do not expect to happen in the coming quarters. And now we expect the profitability which includes core margin, core EBITDA margin, EBITDA margin and PAT to improve in coming quarters,» says Siddharth Mittal, MD & CEO, Biocon.Well, it was quite a weak show this time, to be honest, versus what Street was expecting. Can you talk to us about the reason of such a sharp miss versus what Street expected?Yes, so we did have weak earnings when you look at it.

ABC boss David Anderson has admitted the broadcaster was wrong when it said a Four Corners crew had no knowledge of what climate protesters were planning to do outside Woodside Energy chief executive Meg O’Neill’s Perth home earlier this month.