CEO Financial News

Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June. "Need to reach positive cash flow before we have the luxury of anything else," Musk said in a tweet replying to suggestions on recapitalization.

The private equity interests behind Bonza, the latest to try its hand at breaking into the ultra-competitive Australian aviation market, are considering whether to bring in new capital partners to back the airline’s expansion into a full-scale domestic carrier.

Banijay has acquired a 49% stake in Endemol Shine India from media sector-focused venture capital fund CA Media to take complete control of the content studio, solidifying its position as the largest independent content studio in the country. Prior to the acquisition, Banijay held a 51% stake in Endemol Shine India. Banijay has reportedly paid between $90 million and $100 million (Rs 738 crore-Rs 821 crore) to CA Media for the buyout, according to industry sources. The transaction values the company between $180 million to $200 million, said the sources quoted above. In 2012, CA Media had bought a 49% stake in the content studio, which produces shows like Bigg Boss and Khatron Ke Khiladi.

Sean Gunn has slammed Bob Iger, Disney's chief executive officer (CEO), for his remarks on the ongoing strikes in the US by the Writers Guild of America (WGA) and the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA). Sean Gunn, seen in Guardians of the Galaxy and the web series Gilmore Girls, has also lashed out at Netflix over the minimal residuals received by the streaming app. Sean is the brother of Guardians of the Galaxy director and DC Film co-CEO James Gunn.

Terra Luna Classic (LUNC) has emerged as the top-performing coin of the day, exhibiting a bullish trend with a nearly 4% increase in the last 24 hours and an impressive 8% surge over the past seven days. 

Trans-Pacific Partnership (CPTPP) trade bloc, a move it says will help grow the country's economy and provide access for British businesses to a market of over 500 million people. UK Business and Trade Secretary Kemi Badenoch, who is also leading the ongoing free trade agreement (FTA) negotiations with India, signed the pact agreed earlier this year during a visit to Auckland and hailed it as a major post-Brexit win for the country.

Apex Committee for flood control and preparedness headed by Delhi Chief Minister Arvind Kejriwal did not meet in the last two years. However, the AAP government denied the charge, saying the meeting to discuss flood preparedness chaired by Delhi ministers Atishi and Saurabh Bharadwaj took place on May 9.

Funds management upstart PAC Capital is starting to throw its weight around with two key hires.

It’s early days for Star Entertainment’s refinancing, but the deal is shaping up as one of the year’s hottest – with plenty of interest from major credit funds.

Godrej Consumer Products Ltd (GCPL) is around Rs 30,000 crore, which was bought by the group's FMCG arm in just Rs 100 crore in 1994, the company said in its latest annual report. Godrej Group had bought the Goodknight brand in just Rs 100 crore in 1994. A year later in 1995, it sold a 51 per cent stake in Goodknight to Sara Lee and started a joint venture with the US-based consumer goods company.

Arun Singh Tanwar, founder, CEO, Get Together Finance (GTF), shares his views on opportunities and challenges of the Indian education system with FE Education Online.

The Indo-France defence cooperation has reached new heights with the recent announcement by Indian and French authorities regarding the extension of their partnership in submarine building.

The rise of ‘Buy Now Pay Later’ (BNPL) services has revolutionized the way consumers make purchases, offering the allure of immediate gratification without upfront costs. Recent data indicates a significant increase in BNPL’s share of e-commerce transactions globally, rising from 0.4% in 2016 to 1.6% in 2019 and reaching 3% in 2021. This trend has propelled the global BNPL market size, which is now projected to reach an impressive $596.7 billion by 2026. In India, the BNPL sector is moving at 65% YOY growth and is expected to attain a valuation of $40 billion by 2025. 

Right now, in India there are two tax regimes prevailing. The new tax regime and the old tax regime. The new tax regime was introduced in the Budget 2020. Under the new tax regime, most of the deductions from the total income have been done away with. However, this taking away of deductions was compensated by introducing lower tax rates at more broken-down slab rates.

Emmanuel Macron for Prime Minister Narendra Modi on his two-day visit to France, held many special gestures for the latter. The banquet was organised at Paris' Louvre Museum on July 14, the French National Day. The Prime Minister was welcomed by French President Emmanuel Macron and French First Lady Brigitte Macron.

Leo Lithium, an ASX-listed lithium explorer backed by China’s biggest producer of the commodity, has signed a $US348 million ($520 million) contract for the construction of its major development in Mali.

In 1991, when India kicked off its economic liberalisation in the aftermath of a crisis, the government requested a committee headed by former governor of the Reserve Bank of India, M Narasimham, to submit a report on banking reforms. The committee’s report outlined the future trajectory of banking in India while making a strong case for limiting the number of large banks to four.

Indian startups witnessed a significant fall in business funding in the first half of 2023 (January to June) by raising only $3.8 billion during the six-month period, a massive decline of 36% as compared to the fundraising in H1 of 2022. Last year, Indian startups raised $5.9 billion in the first half.  However, Ankita Poddar, Manager of Valuations and Advisory at Aranca said that startups have various alternative financing options at their disposal which range from traditional methods like bridge or mezzanine financing to modern approaches such as crowdfunding and peer-to-peer lending.  She stated that companies can also explore options like factoring or purchase order/supply chain financing to process customer orders and generate immediate cash inflow to support expansion efforts.

From unraveling the significance of options in gauging market sentiment through tools like PCR, option chain analysis, and Max pain, Maya now felt it was the opportune time to acquaint Tara with some commonly employed option strategies embraced by traders. Link to previous article: https://ecoti.in/Vee1AZ «Hey Tara,» Maya said with a warm smile as they resumed their conversation, finding their seats comfortably in the conference room while savouring their freshly brewed cups of coffee, «let's talk about some options strategies! It might sound intimidating, but I promise it's not as complex as it seems. Let's start with covered calls, which is a relatively conservative options strategy.» Tara eagerly nodded, «Sounds great, Maya! Please continue.»Covered Calls: «A covered call is a strategy where you own the underlying stock and simultaneously sell a call option on that same stock.

Former United Airlines CEO Oscar Munoz discusses a government report blaming airlines for cancelations, retention in employees, and his new book, «Turnaround Time.»

Mazagon Dock Shipbuilders Limited and the Indian industry to fulfill the needs of the Indian Navy". Pierre Eric Pommellet, CEO of Naval Group said.