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Palantir CEO Alex Karp sent a letter to shareholders to defend the company’s work with US government agencies. This comes days after documents from the Department of Homeland Security (DHS) confirmed that Palantir is among the contractors providing AI tools to Immigration and Customs Enforcement (ICE).In the letter (seen by CNBC), Karp argued that Palantir’s…
The budget has announced a major overhaul in the taxation of share buybacks, shifting them from dividend taxation to the capital gains framework, while imposing a higher effective tax on promoters to curb misuse of the route. Once legislated, it will apply to buy backs after April 1.The silver linings: Many shareholders could end up…
Intel’s CEO expressed disappointment over unmet market demand, as the chip giant reported a significant quarterly loss and projected further losses. Supply shortages and production ramp-up costs are impacting revenue, which fell short of expectations. Despite government support and recent stock surges, the company faces execution challenges and disappointing fabrication yields, raising concerns about its…
Billionaire founder Deepinder Goyal has relinquished over Rs 1,000 crore worth of unvested employee stock options (ESOPs) at Eternal, marking one of the most significant founder-led governance moves seen in India’s listed internet sector in recent years.The decision comes alongside a leadership transition at the food delivery and quick-commerce major, with Goyal stepping down as…
Zomato founder Deepinder Goyal is stepping down as CEO of parent company Eternal on February 1, 2026, to pursue high-risk, experimental ideas outside the public company. Blinkit CEO Albinder Singh Dhindsa will take over as CEO. Goyal will transition to a non-executive Director and Vice Chairman role, pending shareholder approval, to maintain focus on Eternal’s…
AI generated image for representation Warner Bros Discovery’s (WBD) board of directors have unanimously rejected a $108 billion hostile takeover bid bid worth $108 billion from Paramount Skydance. In an almost 1,400-word letter to its shareholders (as reviewed by ScreenDaily), WBD’s board described Paramount’s proposal as “misleading” and “inadequate,” while reiterating its commitment to a…
Warner Bros has asked its shareholders to reject a hostile takeover bid from Paramount Skydance, saying a rival offer from Netflix would be better for customers and aligns with the board’s fiduciary responsibilities, AP reported.In a letter to investors issued on Wednesday, Warner Bros said its board had reviewed Paramount Skydance’s “unsolicited tender offer” with…
IT major Infosys is set to launch its largest-ever share buyback programme worth Rs 18,000 crore on Thursday, offering shareholders a tender window until November 26. The initiative will see the IT major repurchase up to 10 crore fully paid-up equity shares of face value Rs 5 each at Rs 1,800 per share, representing as…
Tesla CEO Elon Musk made a huge Intel announcement at the company’s shareholders meeting recently. Speaking at Tesla’s annual shareholder meeting, Musk reportedly said that the company is developing its fifth-generation AI chip, known as AI5, which will power its self-driving systems. “Maybe we’ll do something with Intel,” Musk told an enthusiastic crowd. “We haven’t…
Tesla shareholders on November 6 approved Elon Musk’s $1 trillion pay package. 75% of the shareholders voted in favour of the package that was first proposed in September this year. The $1 Trillion pay package will now be finalised in a Securities and Exchange Commission (SEC) filing in coming days. Dell CEO Michael Dell congratulated…
