SHAREHOLDERS

  • Former Infosys officers call for $1.8 billion buyback August 6, 2014

    Mumbai: Concerns over the pace of change at India's secondbiggest software services company have spurred three former officers of Infosys Ltd (INFY.NS) to seek 112 billion rupees ($1.83 billion) in the form of a buyback for all shareholders. Former officers V Balakrishnan, TV Mohandas Pai and DN Prahlad are seeking 3,850...
  • BRICS members likely to have equal shareholding in new bank July 15, 2014

    Fortaleza: The BRICS Summit, Prime Minister Narendra Modi's first multilateral engagement, commenced on Tuesday amid an understanding that the 5member nations will have equal shareholding in the proposed USD 50 billion BRICS Development Bank which India had been strongly pressing for. The new Indian leader joined Presidents Vladimir Putin of...
  • Modi to press for equal shareholding in proposed BRICS bank July 14, 2014

    Fortaleza: Prime Minister Narendra Modi will launch his first multilateral engagement in this seaside city of Brazil, meeting Russian President Vladimir Putin and Chinese President Xi Jinping ahead of Tuesday's BRICS Summit at which India will press for equal shareholding for its five member countries in the proposed US dollar...
  • Apple, Carl Icahn may head for a showdown December 29, 2013

    New York: Carl Icahn and Apple seem to be heading for a major showdown with the iconic creator of iPhone and iPad urging its shareholders to vote against the investor activist's proposal for committing at least $50 billion worth of share buyback. The proposal, made by High River Limited Partnership...
  • Nokia shareholders approve sale of handset business to Microsoft November 20, 2013

    Helsinki: Nokia shareholders approved the sale of the company's mobile phone business to Microsoft, deciding the deal's financial benefits outweighed objections by a minority of investors upset by the sale of a Finnish national asset. An overwhelming majority of shareholders at a meeting in Helsinki on Tuesday supported the deal, according...
  • Twitter is powerful, but can it make money? November 6, 2013

    New York: It can help overthrow dictators. But can it make money? Protesters famously used Twitter to organise during the Arab Spring three years ago. President Barack Obama announced his 2012 reelection victory using the short messaging service. Lady Gaga tweets. So does the pope. But for all its power and...
  • Michael Dell, Silver Lake win shareholder OK for $25 billion buyout September 12, 2013

    Austin, Texas: Michael Dell clinched shareholder approval on Thursday for his $25 billion offer to buy and take Dell Inc private, ending months of conflict with the company's largest investors and removing the uncertainty surrounding the world's No. 3 PC maker. Shareholders cast their votes at a special meeting on Thursday...
  • DLF plans to give special retirement benefits to directors July 23, 2013

    New Delhi: Realty major DLF on Tuesday said it has sought sharholders approval to modify the company's memorandum of association for providing specific retirement benefits to directors who have made outstanding contribution to the growth of the company. The company has sought consent of shareholders through postal ballot to pass special...
  • SEBI orders freezing of corporate benefits of over 105 private firms June 5, 2013

    New Delhi: The Securities and Exchange Board of India (SEBI) has ordered the freezing of the voting rights and corporate benefits of over 105 private firms. These private firms have failed to meet the minimum public shareholding requirement. The private firms, have faltered in attaining the minimum 25 per cent public...
  • News 360: Dhoni not a shareholder in the company, says Rhiti Sports June 3, 2013

    After a report in the Economic Times that said Team India captain MS Dhoni owns a 5 per cent stake in a sports marketing firm Rhiti Sports that manages him and four other current cricketers, the firm issued a statement on Monday in which it denied Dhoni is...
  • Jet Airways shareholders approve Etihad deal May 24, 2013

    Mumbai: Shareholders in Jet Airways approved an agreed sale of a 24 per cent stake in the airline to Abu Dhabi's Etihad Airways, a senior executive at the Indian carrier said on Friday. Jet Airways, however, deferred seeking shareholder approval for a new set of "Articles of Association" as it awaits...
  • Vodafone investors want full takeover by Verizon April 27, 2013

    London: Six major Vodafone investors said $100 billion was not enough for the British company's stake in its US joint venture with Verizon Communications, and urged the latter to come up with an offer of at least $120 billion. Their comments followed a Reuters report on Wednesday that Verizon had hired...
  • Apple to dole out $100 billion to shareholders by the end of 2015 April 24, 2013

    New York: Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first...
  • DLF board to discuss share sale on Wednesday March 5, 2013

    Mumbai: DLF, India's biggest property developer, said its board of directors will meet on Wednesday to consider the sale of shares to institutional and retail investors to comply with the minimum public shareholding rules. DLF, 78.58 per cent owned by its founders, is seeking shareholder approval for a share sale by...
  • New banking bill to face steep challenges December 21, 2012

    Mumbai: The Rajya Sabha approved the longawaited banking amendment bill as India seeks to attract foreign investment and increase the number of lenders. However, the measures are expected to face steep challenges in their implementation at a time when confidence in the banking sector is low due to high valuations...
  • Citigroup settles shareholder lawsuit for $ 590 mn August 30, 2012

    New York: Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis. The agreement resolves claims that shareholders ended up with massive losses after the...
  • Sesa Goa shareholders approve merger with Sterlite June 25, 2012

    Shareholders of iron ore miner Sesa Goa have approved of the SesaSterlite merger, against analysts expectation of some opposition. Shares of Sesa Goa reacted to this news and were up 1.26 per cent to Rs 188.25. On February 25, London Stock Exchangelisted Vedanta Resources (parent company of SesaSterlite) had announced to...
  • RIL finalising plans for broadband offerings June 7, 2012

    Mumbai: Reliance Industries (RIL), which has panIndia spectrum for broadband services, today said it is finalising plans to offer digital services in key areas of education, security, financial services and entertainment. Updating the status of its broadband and wireless access business, Reliance Industries chief Mukesh Ambani said that the initiative...
  • Maximise customer value May 23, 2012

    Roger Martin The Man: The Dean at the Rotman School of Management, Toronto, gave us the terms Integrative Thinking and Design Thinking; showed us why its important to draw lessons from diverse fields to learn and innovate; his latest book is on what capitalism can learn from the National Football League....
  • IPO highly unlikely this year: Vodafone India May 23, 2012

    Mumbai: Telecom major Vodafone India on Tuesday said its initial public offer this year is highly unlikely due to uncertainty over regulatory issues and pricing scenario in the sector. "It is highly unlikely that we are able to do an IPO in the middle of so many spectrum auctions. It...
  • A world to win: Reliance Ind spreads it wings December 16, 2009

    When Reliance Industries announced a bonus share issue after its second quarter results this year, it came under fire from market analysts. This was a sign of weakness, said one. They are doing it merely to placate shareholders, was anothers opinion. In its usual style, RIL did not bother to...
  • Infosys declares 200 per cent interim dividend October 9, 2009

    Bangalore: Infosys Technologies Ltd has declared an interim dividend of Rs 10 per share or 200 per cent on par value of Rs 5 per share for the first six months (AprilSeptember) of this fiscal (200910). In a regulatory filing on Friday, the IT bellwether said the interim dividend to its...
  • Forbes India: For a bigger slice August 22, 2009

    The annual Government budget was largely derided by corporate India this year. Too much money going out, not enough coming in, they said. What about divestment? Reduce Government holding in public sector units. Unlock hidden value. Finance minister Pranab Mukherjee said matters would be taken up in due course. The Finance...
  • Who will protect Satyam minority shareholders? December 30, 2008

    After much sabre rattling, the independent directors on the board of Satyam Computer Services have done the predictable: jumped ship. And nothing could show the ineffectiveness of independent directors than the stock price of the company. It moved up after names as distinguished as Vinod Dham, Krishna Palepu, Rammohan Rao...
  • Wipro dreams a hamlet full of millionaires March 23, 2008

    Amalner: Companies are known to make shareholders a part of their growth story. Wipro started as a cupboardmanufacturing unit to then go on to become the software giant that it is today. However, the surprise element is that a large number of residents in Amalner, a small hamlet in Maharashtra,...
  • Reliance Power wants allotment dues before bonus offer February 20, 2008

    Mumbai: Anil Ambani promoted Reliance Power Ltd said on Wednesday that it wants shareholders to pay the balance amount due on allotted shares before it offers bonus shares. In a communication to the Bombay Stock Exchange, the company said as per the terms of issue, where shareholders chose payment method 1,...
  • FIIs increases holding in 434 cos in 07 May 18, 2007

    Mumbai: In financial year 2007, foreign institutional investors, FIIs, had increased their holding in 434 companies out of the total 2,341 listed companies whose FII holding in March 2007 was compared to the holding in March 2006. They reduced their holding in 429 companies in FY07 over FY06. FIIs that did...
  • Hindalco gets nod to raise Rs 2600 cr March 29, 2007

    New Delhi: Aditya Birla Group firm Hindalco Industries, which recently acquired US firm Novelis, on Thursday received shareholders approval to raise up to Rs 2,600 crore through issue of securities to promoters. Hindalco informed the BSE that shareholders have passed the resolutions for allotment of 6.75 crore equity shares on preferential...
  • IPCL workers protest RIL merger March 19, 2007

    New Delhi: A week after the Reliance Industries Board approved the merger of IPCL with itself, there seems to a whole bunch of people who are very uneasy. Workers of IPCL are considering a strike on Tuesday in protest against the move. The General Secretary of the employee's union has accused...
  • Hutch set to become VodafoneEssar March 15, 2007

    New Delhi: HutchEssar is all set to become VodafoneEssar with the two major shareholders agreeing on the terms of partnership, paving the way for the final closure of biggestever telecom deal to have taken shape in India. As per the agreement, Essar will continue to hold its existing stake of...