The National Stock Exchange (NSE) has filed for its IPO with Indian markets regulator Sebi, aiming to raise over Rs 30,000 crore, which would make it the largest IPO in India. The offer for sale involves nearly 15 crore shares from 23 shareholders, including major entities like SBI and Canada Pension Plan Investment Board.
The National Stock Exchange (NSE) has filed for its IPO, potentially raising over Rs 30,000 crore, making it India's largest. The offer for sale involves nearly 15 crore shares from 23 shareholders, including major entities like SBI and Canada Pension Plan Investment Board. Some early investors anticipate massive returns.
The National Stock Exchange (NSE) has filed for its IPO with Sebi, aiming to raise over Rs 30,000 crore, which would be India's largest. The offer for sale involves nearly 15 crore shares from 23 shareholders, including major entities like SBI and Canada Pension Plan Investment Board. Some early investors are set for massive returns.
AO World is outsourcing up to 200 UK call centre roles to South Africa, citing rising labour costs, while reporting a 145% jump in pre-tax profits to £50.5m. The company expects to save £4m annually from the move, with about 150 roles already shifted.
AO World is outsourcing up to 200 UK call centre roles to South Africa, citing rising labour costs and inflationary pressures. The online electrical goods seller reported a 145% jump in pre-tax profits to £50.5m and is giving £20m to shareholders.
Environment Secretary Emma Reynolds has expressed concerns over Thames Water's creditor rescue plan, citing unfair costs to customers and delays to infrastructure and environmental improvements. Special administration is now the most likely outcome, influenced by potential Prime Minister Andy Burnham's preference for public ownership.
Strategy (formerly MicroStrategy) added $100M in Bitcoin, increasing its holdings to 846,842 BTC. This move reignited debate over whether the company is creating or destroying value for common shareholders, as Bitcoin per share metrics declined despite increased holdings.
Bharti Airtel shareholders overwhelmingly approved a cashless share swap to increase its stake in Airtel Africa Plc to approximately 79%. The move is seen as boosting confidence in Airtel Africa as a key growth platform and simplifying the group's structure.
Wipro's Rs 15,000 crore share buyback is open until June 17, allowing eligible shareholders to tender shares at Rs 250, significantly above market price. Small shareholders have a higher entitlement ratio, with analysts estimating a 7-8% return but cautioning about acceptance ratios and post-buyback stock performance.
Walmart shareholders voted against a proposal requesting a report on how US immigration policy impacts operations. SOC Investment Group cited workforce and supply chain risks, but Walmart stated it hasn't experienced significant disruptions.
Strategy's Michael Saylor hints at pending Bitcoin holdings news ahead of a shareholder vote on switching to semi-monthly dividends for STRC shares, amid recent BTC price drops and debt repurchase pause.
TSMC Chairman C.C. Wei stated the company is "not afraid" of competition from China, citing its manufacturing leadership. He reassured investors about TSMC's Nanjing plant and dismissed asset risks amid China's push for semiconductor self-sufficiency.
Palo Alto Networks shareholders have rejected CEO Nikesh Arora's pay package seven times since 2015, the most in the S&P 500. Despite investor opposition and proxy firm warnings, the company's board defends the compensation, citing strong financial results and Arora's alignment with shareholder interests.
Acea's shareholders approved the 2025 consolidated financial statements, reporting a net profit of €481 million and a pro-forma EBITDA of €1.4 billion. A dividend of €1.20 per share was also approved. A new 13-member board of directors was appointed, with Alessandro Rivera named chairman.
BP's board swiftly removed chair Albert Manifold after eight months due to "serious concerns" over governance and conduct. While some see this as continued dysfunction following Bernard Looney's exit, the article argues it's an example of the board acting promptly. The appointment of Manifold, former CRH CEO, was a risky but not unreasonable choice.
France-listed Capital B is asking shareholders to approve a significant capital raise, seeking authority to issue up to 5 billion euros in equity and 116 billion dollars in credit instruments to accelerate Bitcoin acquisitions. The move comes as the company continues to accumulate Bitcoin, contrasting with smaller treasury firms selling holdings.
BP has appointed Dame Amanda Blanc to lead the search for its next chair for a second time, despite investor concerns over her previous role in the process. Blanc, CEO of Aviva, will oversee the search following the abrupt departure of former chair Albert Manifold.
Barry Diller's People Inc has proposed to buy MGM Resorts for over $18bn, offering $48.30 per share. People Inc, which already owns 26.1% of MGM, sees the casino operator as undervalued and a strategic move into the travel and tourism industry.
Jim Cramer suggests Nvidia should adopt Apple's capital return strategy, including increased dividends and buybacks, to boost shareholder value and stabilize its stock, especially after a recent earnings surprise failed to lift its price.
SMIC has received final regulatory approval to acquire the remaining 49% of its Beijing foundry unit, SMNC, in a share-based deal valued at US$5.97 billion. This move aims to consolidate SMIC's position in the semiconductor market.
Guzman y Gomez is shutting down its US operations after failing to gain traction in a competitive Mexican food market. The closures are expected to cost up to $40 million and highlight the US as a difficult market for Australian fast-food companies.
SpaceX's S-1 filing highlights Elon Musk's significant control and identifies major shareholders ahead of its IPO. Musk holds over 6.42 billion shares, with a potential billion more tied to Mars colonization. The IPO is expected to raise $75 billion, valuing the company at $1.7 trillion.
Hedge fund Corvex Management is demanding Whitbread, owner of Premier Inn, be put up for sale, citing a "sleepy share price" and criticizing the company's five-year strategy for its slow returns. Corvex, holding a 7% stake, wants key parts of the plan suspended and threatens to nominate new directors if the board doesn't comply.
Lululemon is publicly confronting activist founder Chip Wilson, calling his perspectives "outdated" and citing "troubling conflicts of interest" in a letter to shareholders. The company urges shareholders to vote for its nominees at the upcoming annual meeting, warning Wilson's nominees would derail its turnaround plan.
