Corporate finance

Tesla’s $56 Billion Pay Fight: What’s at Stake for Elon Musk and Delaware

Tesla’s $56 Billion Pay Fight: What’s at Stake for Elon Musk and Delaware

By Axel Miller | 16 Oct 2025

Tesla has returned to the courtroom this week, urging the Delaware Supreme Court to reinstate CEO Elon Musk’s record-breaking $56 billion

Amazon to Pay $2.5 Billion to Settle Prime Subscription Allegations

Amazon to Pay $2.5 Billion to Settle Prime Subscription Allegations

By Axel Miller | 26 Sep 2025

Amazon has agreed to pay $2.5 billion to resolve claims from the Federal Trade Commission (FTC) that it misled customers into signing up for its Prime membership program.

Apple to discuss investment plans with Indonesia to resume iPhone 16 sales

Apple to discuss investment plans with Indonesia to resume iPhone 16 sales

By Cygnus | 07 Jan 2025

Indonesia’s Ministry of Industry is set to meet representatives from Apple to discuss the tech giant’s investment proposal, a critical step to reintroduce the iPhone 16 to the Indonesian market.

Sebi study finds irregularities in royalty payouts by listed Indian companies

Sebi study finds irregularities in royalty payouts by listed Indian companies

16 Nov 2024

A study on the pattern of royalty payments by Indian companies by market regulator Securities and Exchange Board of India (Sebi) has found that between 2014 and 2023

Anil Ambani invests Rs1,104 cr as Reliance Infra achieves debt-free status

Anil Ambani invests Rs1,104 cr as Reliance Infra achieves debt-free status

23 Sep 2024

Anil Ambani has made a spectacular comeback with fresh equity investment in Reliance Infrastructure after the company along with Reliance Power achieved debt-free status by clearing around Rs8,000 core debt.

JSW Cement to raise Rs4,000 crore via IPO, files draft papers with Sebi

JSW Cement to raise Rs4,000 crore via IPO, files draft papers with Sebi

20 Aug 2024

JSW Group firm JSW Cement has filed draft red herring prospectus with market regulator Securities and Exchange Board of India (Sebi) for an initial public offer (IPO) to raise up to Rs4,000 crore.

Mahindra to invest Rs26,000 cr, launch 23 new vehicle models by 2030

Mahindra to invest Rs26,000 cr, launch 23 new vehicle models by 2030

18 May 2024

Mahindra & Mahindra Ltd has announced major expansion plans with proposed investment of around Rs26,000 crore across existing and new automotive technologies, including ICE, EV and possibly hybrid technology.

Suzlon to merge wholly-owned subsidiaries, spin off projects business

Suzlon to merge wholly-owned subsidiaries, spin off projects business

06 May 2024

The board of directors of wind power pioneer Suzlon Energy Ltd has approved a scheme of amalgamation under which the company will merge its wholly-owned subsidiaries, Suzlon Global Services and Suzlon Energy Ltd, Mauritius, with itself.

Suzlon to merge wholly-owned subsidiaries, spin off projects business

Suzlon to merge wholly-owned subsidiaries, spin off projects business

06 May 2024

The board of directors of wind power pioneer Suzlon Energy Ltd has approved a scheme of amalgamation under which the company will merge its wholly-owned subsidiaries, Suzlon Global Services and Suzlon Energy Ltd, Mauritius, with itself.

ABB to buy back shares worth up to $1 billion

ABB to buy back shares worth up to $1 billion

01 Apr 2024

Electrification and automation technology leader ABB will launch a new share buyback programme for up to $1 billion, under which the company will be buying back nearly 21.3 million shares at the current market price.

Jio Financial’s Q3 net profit down 56% at Rs294 crore

Jio Financial’s Q3 net profit down 56% at Rs294 crore

18 Jan 2024

Mukesh Ambani group’s financial services company Jio Financial Services has reported a net profit of Rs294 crore for fiscal third quarter (October-December 2023), down 56 per cent from Rs668.18 crore

Mukesh Ambani re-enters the $100 billion club

Mukesh Ambani re-enters the $100 billion club

12 Jan 2024

Mukesh Ambani, the prominent figure in India’s business landscape, has reclaimed his position in the exclusive $100 billion club. On Thursday, 11 January 2024, the chairman of Reliance Industries Ltd. witnessed his wealth surge by $2.8 billion, reaching an impressive $101.8 billion.

BlackRock slashes Byju’s valuation to $1 billion amid ongoing challenges

BlackRock slashes Byju’s valuation to $1 billion amid ongoing challenges

12 Jan 2024

In a recent disclosure by US-based asset manager BlackRock, the valuation of its stake in ed-tech giant Byju’s has been further reduced to approximately $1 billion, marking a significant 95% decrease from its peak valuation of $22 billion in 2022

BlackRock slashes Byju’s valuation to $1 billion amid ongoing challenges

BlackRock slashes Byju’s valuation to $1 billion amid ongoing challenges

12 Jan 2024

In a recent disclosure by US-based asset manager BlackRock, the valuation of its stake in ed-tech giant Byju’s has been further reduced to approximately $1 billion, marking a significant 95% decrease from its peak valuation of $22 billion in 2022

JLR sales jump 27% in October-December 23 quarter.

JLR sales jump 27% in October-December 23 quarter.

10 Jan 2024

Jaguar Land Rover, the UK luxury car business of Tata Group, has reported wholesales of 101,943 units in fiscal third quarter ended 31 December 2023,

Microchip Technology set to receive $162 million award from U.S. to boost production

Microchip Technology set to receive $162 million award from U.S. to boost production

05 Jan 2024

The U.S. Commerce Department announced plans on Thursday, 4 January 2024, to grant $162 million to Microchip Technology in government funding, aiming to enhance the production of semiconductors and microcontroller units (MCUs) critical for the consumer and defense industries.

India's fintech sector faced a 63% funding decline in 2023

India's fintech sector faced a 63% funding decline in 2023

04 Jan 2024

Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.

India's fintech sector faced a 63% funding decline in 2023

India's fintech sector faced a 63% funding decline in 2023

04 Jan 2024

Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.

India's fintech sector faced a 63% funding decline in 2023

India's fintech sector faced a 63% funding decline in 2023

04 Jan 2024

Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.

Hindustan Unilever faces Rs 447.5 crore GST demands and penalties

Hindustan Unilever faces Rs 447.5 crore GST demands and penalties

02 Jan 2024

Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.

Hindustan Unilever faces Rs 447.5 crore GST demands and penalties

Hindustan Unilever faces Rs 447.5 crore GST demands and penalties

02 Jan 2024

Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.

Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel

Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel

27 Dec 2023

The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel.

Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel

Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel

27 Dec 2023

The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel.

Vedanta Resources Ltd. secures $1.25 billion for debt refinancing and credit facilities

Vedanta Resources Ltd. secures $1.25 billion for debt refinancing and credit facilities

14 Dec 2023

In a strategic move, Vedanta Resources Ltd., the parent company of Vedanta Ltd., has successfully secured $1.25 billion from private lenders for debt refinancing and a new credit facility.

Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns

Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns

14 Dec 2023

In response to safety concerns raised by a federal safety regulator, Elon Musk’s Tesla is recalling more than 2 million vehicles in the United States.

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TRAI Cracks Down on Spam: Over 21 Lakh Fraud Numbers Disconnected; New Advisory Issued

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Maruti Suzuki Crosses 3 Crore Domestic Sales Milestone — A New Chapter in India’s Automotive Story

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Alaska Airlines Resumes Operations Following Major Tech Outage

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Tesla's New AI Chip: A Strategic Partnership with Samsung and TSMC, Not a Replacement for Nvidia

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Uber Rebrands ‘Green’ as ‘Electric,’ Offers $4,000 Incentives to U.S. Drivers to Accelerate EV Adoption

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Jaguar Land Rover Cyberattack Estimated to Cost UK Economy $2.5 Billion

Jaguar Land Rover Cyberattack Estimated to Cost UK Economy $2.5 Billion

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