Shareholders

Ahead of the Friday extraordinary general meeting (EGM), where a group of investors is seeking to remove Byju Raveendran as CEO of Byju’s and change the board, the founder informed shareholders that the $200 million rights issue is fully subscribed. He is taking further steps to ensure transparency on the usage of the funds.“In order to increase shareholder representation, I commit to restructuring the Board and appointing two non-executive directors to the Board by the mutual consent of the founder and shareholders;…

Quess Corp will split into three independent entities in what the business services provider said is a move aimed at unlocking shareholder value.The demerger proposal was approved at the company’s board meeting on Friday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisit…

Activist investors have long had issues with how some of South Korea's largest family-run conglomerates operate. They routinely accuse the founding families of prioritizing their control over the empires instead of boosting shareholder value by paying dividends. Similar claims have been made against several Samsung entities in South Korea, with the latest move coming from a group of activist investors in Samsung C&T, a company through which Samsung's founding Lee family controls Samsung Electronics, the most valuable…

Microsoft and Google have been investing heavily into AI and AI bots. However, because of ballooning costs, and pressure from shareholders, they might have to slowdown and justify their expenditure Microsoft and Google are…

Elon Musk is in a full propaganda campaign to gain Tesla shareholder support against the court’s decision to rescind his CEO compensation plan and now announced that he is going to move for a shareholder vote on moving Tesla’s state of incorporation to Texas. Earlier this week, a judge in Delaware, where Tesla is incorporated, sided with a Tesla shareholder who filed a lawsuit that claimed Tesla’s board misled investors when presenting its 2018 CEO compensation plan. The judge found…

Policybazaar parent PB Fintech is looking to return a part of its capital to shareholders either through a share buyback or dividends, after having turned profitable in the third quarter, company chairman and cofounder Yashish Dahiya told ET in an interaction.A formal decision in this regard, however, will be made only after discussions with the board and consent from shareholders, he added.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For…

Tesla paid $56 billion to Elon Musk in 2018 which catapulted him to being the richest person ever, based on which he was able to acquire X. Tesla directors contended that the deal aimed to ensure Musk, a dynamic entrepreneur, remained committed to the company…

Like any major corporation, enhancing shareholder value is an area of focus for Samsung Electronics. The company announced its Q4 2023 guidance today and also highlighted its shareholder return program for 2024-2026. The shareholder return program is put in place following an in-depth review by the company's board. All members carefully evaluate the current and projected business environment before deciding how money will be returned to shareholders. Samsung commits to regular dividend payments for shareholders Based on…

US Securities and Exchange Commission rejected requests by Apple and Disney to exclude shareholders at their annual meetings, from voting on how the companies plan to use use AI In a recent development, the US Securities and…

Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined 1.8 billion Swedish crowns ($170 million or roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported on Friday.Ericsson and CEO Boerje Ekholm have been criticised heavily in the past year for their handling of an internal probe into the company's operations in Iraq and a scandal involving potential payments to the Islamic State.The shareholders, including…