TCS to buy back shares for ₹18,000-cr.
The Hindu
The buyback is proposed to be made on a proportionate basis under the tender offer route, the company said in a filing.
The board of directors of Tata Consultancy Services Ltd (TCS) has approved a proposal to buy back up to four crore equity shares for an aggregate amount not exceeding ₹18,000 crore, being 1.08% of the total paid-up equity share capital, at ₹4,500 each.
The buyback is proposed to be made on a proportionate basis under the tender offer route, the company said in a filing.
As on January 7, promoter companies held 72.19% stake in the company.
Weakest manufacturing growth in a year, but employment rises; inflation eases; India's GDP expands; global demand boosts sector.
Google co-founder Sergey Brin recommended that company employees working on Gemini come to the office every weekday.
Rupee gains against dollar on strong macroeconomic data, equity market recovery, and RBI's liquidity injection.
Equity indices open positive but turn negative amid heavy selling, foreign fund outflow; global markets mixed.
GTRI advises India to clarify WTO compliance on tariffs to U.S. amid challenges in negotiating Free Trade Agreement.
Niti Aayog member Arvind Virmani emphasizes the need for skill development to boost real wages in India.
Assam's small tea growers urge Tea Board for officers fluent in local languages to enhance communication and support.
Quiz | Easy like Sunday morning: All about frauds and fakers!
Can RBI’s proposal to waive foreclosure charges help micro and small industries? | Explained Premium
RBI proposes to waive foreclosure charges and prepayment penalties on loans for MSEs, aiming for easy financing.
India and EU aim to conclude a free trade agreement by year-end to boost bilateral trade and investments.
Tata Motors and Hyundai report decline, while Maruti Suzuki sees marginal growth; Mahindra, Toyota, and Kia show strong growth.
City Union Bank partners with Chennai Super Kings to launch co-branded credit card, offering exclusive perks for CSK fans.
NMDC reports 18% increase in iron ore production, aiming for 100 MT capacity by 2030 with ₹70,000 crore investment.