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Byju's Gets Majority Of Shareholders' Approval For $200 Million Rights Issue
The majority of shareholders of edtech firm Think and Learn, owner of Byju's brand, have approved the company's resolution to increase its authorised share capital to absorb USD 200 million raised through the rights issue, a statement said on Monday.
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UK's Biggest Water Supplier At Risk Of Nationalisation As Financial Crisis Worsens
Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable".
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Byju's Investors Vote To Oust CEO In Hours-Long Zoom Call Crashed By Staff
Major Byju's shareholders including Prosus NV and Peak XV Partners voted Friday to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying online tutoring startup that is fighting to remain in business.
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Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
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OneWeb Completes Satellite 'Constellation' to Offer Global Internet Coverage Like Rival Starlink
OneWeb on Sunday launched the last 36 satellites in its 616-satellite “constellation”, ahead of the company's plans to offer global broadband coverage in 2023. The Starlink rival plans to provide coverage to the lower 48 US states in May and the rest of the world later this year.
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Apple CEO Tim Cook Takes 40 Percent Pay Cut, Will Earn $49 Million in 2023
Apple CEO Tim Cook is taking a 40 percent pay cut in 2023 and will earn $49 million (roughly Rs. 399 crore) for the year. Apple took the decision after they received investor guidance and a request from Cook himself to adjust his pay. For 2022, Cook received compensation of $99.4 million (roughly Rs. 809 crore), including $3 million (roughly Rs. 24...
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Flipkart, PhonePe Complete Separation, Both Entities to Continue Operation Under Walmart
Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. Walmart will remain the majority shareholder of both business groups.
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ISRO Set for Commercial Launch of 36 OneWeb Broadband Satellites Aboard Heaviest Rocket LVM3-M2
ISRO, or the Indian Space Research Organisation, is set to launch 36 OneWeb broadband satellites on October 23, which will be flown into orbit by the agency's heaviest rocket, the LVM3-M2. Sunday's launch assumes significance as the LVM3-M2 mission is the maiden dedicated commercial mission for NewSpace India Ltd, the commercial arm of ISRO.
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ISRO's LVM3 to Launch With 36 Broadband Communication Satellites on Saturday
Shortly after Friday midnight, the countdown will begin for the launch of 36 broadband communication satellites on board ISRO's heaviest rocket Launch Vehicle Mark 3 (LVM3) from Sriharikota spaceport. The launch of 'LVM3 - M2/OneWeb India-1 Mission' is scheduled at 0007 hours IST on October 23 (midnight of October 22). OneWeb is a private satellite...
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ISRO's LVM3 Rocket to Launch OneWeb's 36 Broadband Satellites on October 23
ISRO's heaviest rocket LVM3 will launch British start-up OneWeb's 36 broadband satellites from the spaceport in Andhra Pradesh's Sriharikota on October 23, marking the launcher's entry into the global commercial launch service market.
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Opinion: The Publicity-Shy Funds Backing Gautam Adani's Massive Empire
Gautam Adani is worth nearly $145 billion, according to the Bloomberg Billionaires Index. Surely that's a good reason for the market to know the major shareholders behind such a large fortune?
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Twitter Shareholders Approve Elon Musk's Takeover Deal Ahead of Upcoming Legal Battle
Twitter shareholders have voted to approve Elon Musk's Twitter takeover deal on Tuesday. Musk's agreement to buy Twitter for $44 billion (roughly Rs. 3,49,800 crore) was approved by a majority of shareholders, a month ahead of the upcoming legal battle between the microblogging platform and the Tesla CEO, who has repeatedly attempted to walk away ...
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Paytm's Vijay Sharma Got "Resounding Vote" From Shareholders To Stay
The billionaire founder of Paytm emerged unscathed in a crucial test of investor confidence, with a forceful majority of shareholders voting to keep him at the helm of the fintech pioneer that made one of the worst market debuts in Indian history.
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"I Reject Offer," Saudi Prince, Twitter Investor, Said. Elon Musk Reacts
Billionaire entrepreneur Elon Musk's bid to buy Twitter has set him against a major shareholder of the tech firm, a Saudi Prince.
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Majority Stake In Indian Life Insurance Joint Venture Owned By Generali
Italian financial services firm Generali said on Wednesday that it had become the majority shareholder of the Indian life insurance joint venture following all the regulatory approval.
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Byju's Gets Majority Of Shareholders' Approval For $200 Million Rights Issue
The majority of shareholders of edtech firm Think and Learn, owner of Byju's brand, have approved the company's resolution to increase its authorised share capital to absorb USD 200 million raised through the rights issue, a statement said on Monday.
-
UK's Biggest Water Supplier At Risk Of Nationalisation As Financial Crisis Worsens
Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable".
-
Byju's Investors Vote To Oust CEO In Hours-Long Zoom Call Crashed By Staff
Major Byju's shareholders including Prosus NV and Peak XV Partners voted Friday to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying online tutoring startup that is fighting to remain in business.
-
Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
-
OneWeb Completes Satellite 'Constellation' to Offer Global Internet Coverage Like Rival Starlink
OneWeb on Sunday launched the last 36 satellites in its 616-satellite “constellation”, ahead of the company's plans to offer global broadband coverage in 2023. The Starlink rival plans to provide coverage to the lower 48 US states in May and the rest of the world later this year.
-
Apple CEO Tim Cook Takes 40 Percent Pay Cut, Will Earn $49 Million in 2023
Apple CEO Tim Cook is taking a 40 percent pay cut in 2023 and will earn $49 million (roughly Rs. 399 crore) for the year. Apple took the decision after they received investor guidance and a request from Cook himself to adjust his pay. For 2022, Cook received compensation of $99.4 million (roughly Rs. 809 crore), including $3 million (roughly Rs. 24...
-
Flipkart, PhonePe Complete Separation, Both Entities to Continue Operation Under Walmart
Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. Walmart will remain the majority shareholder of both business groups.
-
ISRO Set for Commercial Launch of 36 OneWeb Broadband Satellites Aboard Heaviest Rocket LVM3-M2
ISRO, or the Indian Space Research Organisation, is set to launch 36 OneWeb broadband satellites on October 23, which will be flown into orbit by the agency's heaviest rocket, the LVM3-M2. Sunday's launch assumes significance as the LVM3-M2 mission is the maiden dedicated commercial mission for NewSpace India Ltd, the commercial arm of ISRO.
-
ISRO's LVM3 to Launch With 36 Broadband Communication Satellites on Saturday
Shortly after Friday midnight, the countdown will begin for the launch of 36 broadband communication satellites on board ISRO's heaviest rocket Launch Vehicle Mark 3 (LVM3) from Sriharikota spaceport. The launch of 'LVM3 - M2/OneWeb India-1 Mission' is scheduled at 0007 hours IST on October 23 (midnight of October 22). OneWeb is a private satellite...
-
ISRO's LVM3 Rocket to Launch OneWeb's 36 Broadband Satellites on October 23
ISRO's heaviest rocket LVM3 will launch British start-up OneWeb's 36 broadband satellites from the spaceport in Andhra Pradesh's Sriharikota on October 23, marking the launcher's entry into the global commercial launch service market.
-
Opinion: The Publicity-Shy Funds Backing Gautam Adani's Massive Empire
Gautam Adani is worth nearly $145 billion, according to the Bloomberg Billionaires Index. Surely that's a good reason for the market to know the major shareholders behind such a large fortune?
-
Twitter Shareholders Approve Elon Musk's Takeover Deal Ahead of Upcoming Legal Battle
Twitter shareholders have voted to approve Elon Musk's Twitter takeover deal on Tuesday. Musk's agreement to buy Twitter for $44 billion (roughly Rs. 3,49,800 crore) was approved by a majority of shareholders, a month ahead of the upcoming legal battle between the microblogging platform and the Tesla CEO, who has repeatedly attempted to walk away ...
-
Paytm's Vijay Sharma Got "Resounding Vote" From Shareholders To Stay
The billionaire founder of Paytm emerged unscathed in a crucial test of investor confidence, with a forceful majority of shareholders voting to keep him at the helm of the fintech pioneer that made one of the worst market debuts in Indian history.
-
"I Reject Offer," Saudi Prince, Twitter Investor, Said. Elon Musk Reacts
Billionaire entrepreneur Elon Musk's bid to buy Twitter has set him against a major shareholder of the tech firm, a Saudi Prince.
-
Majority Stake In Indian Life Insurance Joint Venture Owned By Generali
Italian financial services firm Generali said on Wednesday that it had become the majority shareholder of the Indian life insurance joint venture following all the regulatory approval.
