Latest News, Updates & Breaking Headlines
Super Micro Computer shareholders have sued the tech firm, accusing it of committing securities fraud, reports news agency Reuters. The shareholders claim that the company hid its dependence on sales to China that violated US export laws. Earlier this week, US authorities filed a class action against Super Micro computer co-founder and two others accusing…
Goldman Sachs is integrating AI deeply into its operations, aiming to revolutionize client onboarding, risk management, and more with a new operating model. While CEO David Solomon expresses optimism about AI’s transformative potential and the bank’s strong financial performance, he also candidly warns shareholders about risks like incorrect outputs, data breaches, and external dependencies. Goldman…
A federal jury in San Francisco has found Elon Musk liable for defrauding Twitter (now X) investors in 2022 by disparaging the company in an effort to secure a lower purchase price for the platform, Bloomberg News reported on Friday.Jurors concluded that Musk intentionally misled shareholders by claiming the social media company—later renamed X—had an…
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…
