Shareholder

Netflix has been hit with a shareholder lawsuit in a US court in California accusing the streaming entertainment company of misleading the market about its ability to keep adding subscribers in recent months.The lawsuit filed in San Francisco federal court on Tuesday seeks damages for declines in Netflix's share price this year after the company missed its subscriber growth estimates.Filed by a Texas-based investment trust, the lawsuit accused Los Gatos, California-based Netflix and its top executives of failing to…

The Government of India is set to become the largest shareholder of Vodafone Idea with 35.8 percent stake as the company's board has approved conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) dues into equity, Vodafone Idea said on Tuesday.The debt-laden Vodafone Idea, a joint venture of UK-based Vodafone Group and Kumar Mangalam Birla-led Aditya Birla Group, has opted for conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) liabilities into equity.The conversion will…