On Wednesday, Morgan Stanley indicated that the company's directors and key management personnel (KMP) will not sell shares during the buyback period. The global financial company said the buyback won't hamper any growth plans as it believes the company will generate excess cash after taking into account the investments required for growing the business.
Mumbai (Maharashtra) [India], October 14 (ANI): Share price of Infosys surged by around 5 per cent on Friday a day after the company announced buyback plans and posted a better-than-expected 11 per cent jump in its consolidated net profit.
Bengaluru (Karnataka) [India], October 13 (ANI): India's second-largest IT services firm Infosys on Thursday said its consolidated net profit surged by 11.1 per cent year-on-year to Rs 6,021 crore for the second quarter of the current financial year as compared to Rs 5,421 core recorded in the corresponding period of the previous year.
Bengaluru (Karnataka) [India], August 12 (ANI/BusinessWire India): Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, reported its unaudited Financial Results for the first quarter ended June 30, 2022.
Islamabad [Pakistan], July 29 (ANI): In order to tackle the country's crippling economy and contain inflation, Pakistan Finance Minister, Miftah Ismail on Wednesday announced that the government is looking forward to amend the laws for the sale of shares of listed state-owned entities with a buyback option to friendly countries.
New Delhi [India], July 15 (ANI): The Competition Commission of India (CCI) on Friday said it has approved the increase in the proportion of voting rights held by the Canada Pension Plan Investment Board (CPPIB) in Gurugram-based ReNew Energy Global plc (ReNew).
New Delhi [India], March 31 (ANI): The government-run GAIL (India) Limited on Thursday said it plans to buyback Rs 1,083 crore worth of shares of the company under a share buyback plan.
Mumbai (Maharashtra) [India], February 21 (ANI): The Indian stock markets benchmark Sensex closed 149 points down in volatile trading on Monday amid negative cues from the global equities.
Mumbai [India], January 12 (ANI): The share price of Tata Consultancy Services declined by more than one per cent on Wednesday ahead of the third quarter financial result announcement by the country's largest IT firm.