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Paytm Expects to Generate Free Cash Flow by Year-End: CEO Vijay Shekhar Sharma
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial ...
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Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
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Paytm CEO Vijay Shekhar Sharma Declares End of Cash Burn Ahead of Firm's Plans to Turn Cash Flow Positive
Paytm on Wednesday announced that the company would turn off its cash burn, while the company's founder revealed that the payments firm was "far ahead" on re-setting its strategy. Softbank-backed Paytm said last month that it plans to become free cash flow positive in the next 12-18 months.
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Facebook Parent Meta Asked by Shareholder to Cut Jobs, Spending in Open Letter to CEO Mark Zuckerberg
Meta shareholder Altimter said on Monday that the Facebook parent needs to cut jobs and spending, as the firm has lost investor confidence as it ramped up spending and pivoted to the metaverse. The hedge fund, which has a 0.1 percent stake in the company said that huge investments "in an unknown future is super-sized and terrifying, even by Silicon...
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Uber Said to Cut Marketing Costs, Slow Down Hiring: Report
Uber will reportedly scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from chief executive officer Dara Khosrowshahi.
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Tata Motors Says It Will Significantly Reduce Rs. 48,000 Crore Debt Over Three Years
India's Tata Motors Ltd will significantly reduce its group automotive debt of Rs. 48,000 crore ($6.4 billion) over the next three years, the company's chairman said during its annual shareholder meeting on Tuesday.
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Ferrari Slowed By Coronavirus, But Not Driven Off Course
Ferrari has cut its 2020 core earnings forecast blaming a hit to motor sport revenues among other pressures, and warning of an extremely tough second quarter, but it still expects to make more than $1 billion in core profit this year.
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PSA Finalises Purchase Of Opel/Vauxhall From General Motors
The goal is to generate a positive operational free cash flow by 2020 as well as an operating margin of 2 percent by 2020 and 6 percent by 2026
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HP CEO expects to steady the ship in 2014, sends shares north
Meg Whitman expects revenue to stabilize in 2014 as HP may be able to generate free cash flow of $6 billion to $6.5 billion next year.
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Paytm Expects to Generate Free Cash Flow by Year-End: CEO Vijay Shekhar Sharma
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial ...
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Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
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Paytm CEO Vijay Shekhar Sharma Declares End of Cash Burn Ahead of Firm's Plans to Turn Cash Flow Positive
Paytm on Wednesday announced that the company would turn off its cash burn, while the company's founder revealed that the payments firm was "far ahead" on re-setting its strategy. Softbank-backed Paytm said last month that it plans to become free cash flow positive in the next 12-18 months.
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Facebook Parent Meta Asked by Shareholder to Cut Jobs, Spending in Open Letter to CEO Mark Zuckerberg
Meta shareholder Altimter said on Monday that the Facebook parent needs to cut jobs and spending, as the firm has lost investor confidence as it ramped up spending and pivoted to the metaverse. The hedge fund, which has a 0.1 percent stake in the company said that huge investments "in an unknown future is super-sized and terrifying, even by Silicon...
-
Uber Said to Cut Marketing Costs, Slow Down Hiring: Report
Uber will reportedly scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from chief executive officer Dara Khosrowshahi.
-
Tata Motors Says It Will Significantly Reduce Rs. 48,000 Crore Debt Over Three Years
India's Tata Motors Ltd will significantly reduce its group automotive debt of Rs. 48,000 crore ($6.4 billion) over the next three years, the company's chairman said during its annual shareholder meeting on Tuesday.
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Ferrari Slowed By Coronavirus, But Not Driven Off Course
Ferrari has cut its 2020 core earnings forecast blaming a hit to motor sport revenues among other pressures, and warning of an extremely tough second quarter, but it still expects to make more than $1 billion in core profit this year.
-
PSA Finalises Purchase Of Opel/Vauxhall From General Motors
The goal is to generate a positive operational free cash flow by 2020 as well as an operating margin of 2 percent by 2020 and 6 percent by 2026
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HP CEO expects to steady the ship in 2014, sends shares north
Meg Whitman expects revenue to stabilize in 2014 as HP may be able to generate free cash flow of $6 billion to $6.5 billion next year.
