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Sunjay Kapur's Mother Is Not A Shareholder, Says Company Amid Family Feud
The feud brewing within the Kapur family-owned Sona Group took a sharp turn Friday evening after the board said Rani Kapur, who had claimed majority shareholder status, had not been a shareholder at all since 2019.
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Who Is Priya Sachdev Kapur, Wife Of Late Businessman Sunjay Kapur, At Centre Of Rs 30,000 Crore Empire
Priya Sachdev Kapur has emerged as a central figure in the high-stakes legal battle over control of the Rs 30,000-crore Sona Group empire.
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Family Drama, Power Play After Businessman Sunjay Kapur's Death
Dramatic allegations - 'forced to sign documents behind locked doors' and 'left to the mercy of a few for survival' - were made Friday by Rani Kapur, late businessman Sunjay Kapur's mother, hours before an AGM of the family-owned Sona Comstar.
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Adani Group Seeks Competition Commission's Nod To Acquire Jaiprakash Associates
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd.
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Adani Enterprises Sells 20% Stake In AWL Agri Business To Wilmar International
Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd. to Wilmar International's subsidiary, Lence Pte Ltd, for Rs 275 per share, valuing the deal at Rs 7,150 crore.
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Meta Shareholders Vote Against Bitcoin Treasury Assessment Proposal
In a landslide majority, Meta's stakeholders have decided to not allocate any portion of the company's assets into Bitcoin for now. The volatility of Bitcoin emerged as a matter of concern for Meta.
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Ranya Rao's Firm Had Huge Land Grant: Congress's Tit-For-Tat Allegation
Actor Ranya Rao, arrested for allegedly smuggling 14 kg gold at the Bengaluru airport, was the majority shareholder of a company that received a massive parcel of government land during the BJP rule in the state.
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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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Sunjay Kapur's Mother Is Not A Shareholder, Says Company Amid Family Feud
The feud brewing within the Kapur family-owned Sona Group took a sharp turn Friday evening after the board said Rani Kapur, who had claimed majority shareholder status, had not been a shareholder at all since 2019.
-
Who Is Priya Sachdev Kapur, Wife Of Late Businessman Sunjay Kapur, At Centre Of Rs 30,000 Crore Empire
Priya Sachdev Kapur has emerged as a central figure in the high-stakes legal battle over control of the Rs 30,000-crore Sona Group empire.
-
Family Drama, Power Play After Businessman Sunjay Kapur's Death
Dramatic allegations - 'forced to sign documents behind locked doors' and 'left to the mercy of a few for survival' - were made Friday by Rani Kapur, late businessman Sunjay Kapur's mother, hours before an AGM of the family-owned Sona Comstar.
-
Adani Group Seeks Competition Commission's Nod To Acquire Jaiprakash Associates
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd.
-
Adani Enterprises Sells 20% Stake In AWL Agri Business To Wilmar International
Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd. to Wilmar International's subsidiary, Lence Pte Ltd, for Rs 275 per share, valuing the deal at Rs 7,150 crore.
-
Meta Shareholders Vote Against Bitcoin Treasury Assessment Proposal
In a landslide majority, Meta's stakeholders have decided to not allocate any portion of the company's assets into Bitcoin for now. The volatility of Bitcoin emerged as a matter of concern for Meta.
-
Ranya Rao's Firm Had Huge Land Grant: Congress's Tit-For-Tat Allegation
Actor Ranya Rao, arrested for allegedly smuggling 14 kg gold at the Bengaluru airport, was the majority shareholder of a company that received a massive parcel of government land during the BJP rule in the state.
-
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.
