Who was the best CEO of 2023?
Still, for some chief executives 2023 was a vintage year. To determine who did it best, The Economist has examined the performance of bosses of…
Business
FirstCry reports 6x jump in net loss at ₹486 crore in FY23; revenue surges 135% YoY
FirstCry, the IPO-bound e-commerce unicorn, reported a six-fold jump or 515% increase in its net loss for FY23 at ₹486 crore from ₹79 crore in…
PRS Oberoi: The man who reinvented a legacy
PRS ‘Biki’ may have been to the manner born—growing up in Rai Bahadur Mohan Singh’s posh Grand Hotel—but he wasn’t the ordained successor. That birth…
How Byju’s US lenders ran into a hedge fund wall
Byju’s, which borrowed $1.2 billion in the US in November 2021, moved $533 million of it to Camshaft Capital Fund, a three-year-old hedge fund. When…
Nike cuts annual sales forecast, seeks $2 billion in cost savings amid ‘softer’ outlook; shares plunge
Nike on Thursday cut its annual sales forecast amid weak online business trends and cautious consumer spending. The company also said it was looking for…
Mitshi India CFO resigns on school notebook paper in handwritten letter | See picture
Mitshi India on December 21 informed the exchanges that it has accepted the resignation of Rinku Niket Patel from the post of Chief Financial Officer…
Zee-Sony merger teeters on the brink of collapse
Two persons aware of Sony’s plans confirmed this on condition of anonymity. In December 2021, Sony agreed to take over Zee and merge it with…
Adani is back with roadshows as Hindenburg shock fades
About a dozen top group executives met prospective investors in Pune on Friday in the first of these roadshows, pitching the opportunity for “immense wealth…
2023 review: How funding winter continued for Indian startups
The Indian startup ecosystem continued to grapple with a funding slowdown in 2023. The funding during the year hit a five-year low of $7 billion,…
Kalyani firm calls on Sebi to punish Hikal official
Kalyani Investment Co. Ltd (KICL), a co-promoter of Hikal, wrote to the Securities and Exchange Board of India (Sebi) on 29 November that the compliance…