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Elon Musk offloaded another 934,091 shares for $1.05 billion, according to regulatory filings posted late Tuesday. The sales were carried out to cover taxes related to Musk exercising an additional 2.15 million stock options, the documents show.
Investors can now access 100% of sale proceeds for same-day tradingStarting Monday, investors will receive 100% of their sale proceeds on the same day, enabling immediate reinvestment. Previously, only 80% was accessible the same day with the rest available later. This change, aimed at enhan… Read MoreAdani Enterprises' QIP sees healthy demand, Rs 4,200 crore raised through issueAdani Enterprises has raised nearly Rs 4200 crore through a qualified institutional placement. The QIP saw significant demand, with bids exceeding four times the deal size. The funds will be utilized for capital expenditure, … Read MoreL&T Finance Q2 Results: Net profit rises 17%; expects challenging six months aheadNon-bank lender L&T Finance reported a 17% rise in consolidated profit after tax, reaching Rs 696 crore. The company's assets grew by 18%, with retail disbursements up 12%. Facing sectoral challenges, the firm aims to pri… Read MoreSebi bans Onelife Capital Advisors, promoters from securities markets for alleged fund diversionSebi has restricted Onelife Capital Advisors and its promoters, Pandoo and Prabhakara Naig, from securities markets for alleged fund diversion and misrepresentation of financials. They are prohibited from acting as directors … Read MoreArm Holdings to cancel Qualcomm chip design license, source says; shares fall 3%Arm is terminating its architectural license agreement with Qualcomm amid a legal dispute. This cancellation notice could disrupt Qualcomm's chip designs and their market, particularly for Microsoft's Copilot+ laptops. A tria… Read More
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