Elon Musk gestures during a conversation. ReutersElon Musk sued by former Twitter shareholders.They say Musk too long to disclose a 9.2% stake and they missed out on the recent run-up in its stock price.The lawsuit seeks unspecified compensatory and punitive damages.Elon Musk was sued on Tuesday by former Twitter shareholders who claim they missed out on…Continue Reading

Escorts’ shareholders approve preferential allotment of 94 lakh shares to Japan’s Kubota

SynopsisThe shareholders have also approved the change of the name of the company to Escorts Kubota Ltd or such other name containing the trade names Escorts and Kubota approved by authorities, the filing by Escorts said.AgenciesNew Delhi: Shareholders of farm machinery and construction equipment major Escorts Ltd have approved the preferential allotment of nearly 94…Continue Reading

IRB Infra shareholders pass resolution for Rs 5,347 cr capital inflow

New Delhi: IRB Infrastructure Developers on Saturday said that its shareholders have passed a resolution which will enable capital inflow of Rs 5,347 crore into the company. IRB Infrastructure Developers convened an extra ordinary general meeting of its shareholders online on November 20, 2021, the company said in a statement. “…This will now enable the…Continue Reading