Cash flow

With manufacturing kinks still to be worked out, Tesla delivered the first dozen or so of its futuristic Cybertruck pickups to customers Thursday, two years behind the original schedule amid uncertainty over when large-scale production will begin.CEO Elon Musk showed off the angular electric trucks with an event at the company’s factory outside of Austin, Texas, that was broadcast on X, the social media platform formerly known as Twitter that he bought last year.The ceremony started with Musk driving the truck on a stage…

Despite global macroeconomic headwinds, brokerages and analysts remain bullish about the Indian IT sector’s market opportunities in the event of a downturn, said a report by credit rating agency S&P Global Ratings. This, however, does not mean that their growth over the next 18 months is immune to global shocks. Market researchers expect the Indian companies to ride over difficult times backed by strong balance sheets and execution prowess. ETtechRated India IT companies have strong financial profiles. They are in a…

Digital payments firm Paytm aims to become “free cashflow positive in the near future,” chief executive Vijay Shekhar Sharma said in a letter to shareholders on Sunday.“This has been possible by disciplined resource allocation and focusing on what has become our core revenue and growth driver - payments and financial services distribution business,” he said. Positive free cash flow is when a company has sufficient funds to invest back into the business for growth. Paytm reported a 51.5% rise in fourth-quarter revenue on…

Scooter rental company, Bird, has officially boarded the struggle bus. The micro mobility provider sent out emails to current and past customers requesting that they settle their lingering debts earlier this month. And the company left no stone unturned in its quest to recoup revenue.In some cases, Bird users were asked to pay back amounts of under a dollar, according to multiple tweets and screenshots initially compiled in journalist Ali Griswold’s Substack newsletter, Oversharing. Negative account balances as small as…