BENGALURU: The Infosys board approved a Rs 18,000 crore share buyback on Thursday, the largest in the company’s history and marking its fifth buyback since 2017. The buyback, to be conducted through the tender offer route, will be at a price of Rs 1,800 per share in cash, involving the purchase of 10 crore equity…
MUMBAI: The rupee closed weaker on Thursday, settling at 88.44 against the dollar, compared with 88.10 in the previous session, marking a fresh record low. The currency opened at 88.12, touched a high of 88.09 and a low of 88.45 during the day, slipping past its earlier low of 88.36 hit last week.The decline comes…
NEW DELHI: Sergio Gor, US President Donald Trump’s nominee to be the next US Ambassador to India, on Thursday described India as “a strategic partner, whose trajectory will shape the region and beyond.”“India is a strategic partner whose trajectory will shape the region and beyond. Under President Donald Trump’s strong leadership, I’m committed to advancing…
The US ambassador-designate to Delhi, Sergio Gor, emphasised that India’s role as a strategic ally will influence regional and international developments. (AI image) US President Donald Trump’s nominee to be the American ambassador to India, Sergio Gor has said that India-US trade deal issues will be sorted within weeks. At a Senate committee hearing for…
Infosys Ltd on Thursday announced a Rs 18,000 crore share buyback programme, signalling confidence in its long-term cash flows and growth prospects even as the IT services major faces muted revenue growth this fiscal.The company said it will repurchase around 10 crore shares at Rs 1,800 apiece, a 19% premium over the stock’s Thursday closing…
The rupee closed at a fresh all-time low of 88.35 against the US dollar on Thursday, tumbling 24 paise amid sustained tariff tensions between India and the US, foreign fund outflows, and rising crude oil prices.Forex dealers said a stronger dollar ahead of US inflation data further weighed on the Indian unit, which continues to…
US President Donald Trump and Prime Minister Narendra Modi have recently indicated an improvement in relations. (AI image) With US President Donald Trump saying that the trade deal negotiations between India and America will continue, a key government official has struck an optimistic note on issues being sorted out.The US Commerce Secretary Howard Lutnick expressed…
Wall Street traded near record highs on Thursday as fresh US economic data reinforced expectations that the Federal Reserve will cut interest rates next week to support growth. The S&P 500 rose 0.3% in early trade after setting new records in the last two sessions, while the Dow Jones Industrial Average advanced 95 points and…
The Mines ministry on Thursday said the revised GST rates and slabs will positively impact the housing industry and small-scale enterprises, with key items such as marble, granite, lime bricks and handicrafts set to become cheaper.Following the GST overhaul last week, many mining-related products will now attract a 5% tax instead of the earlier 12%,…
The European Central Bank (ECB) kept its benchmark deposit rate steady at 2% on Thursday, with inflation back under control and the eurozone economy showing resilience despite US President Donald Trump’s tariff measures.At the post-decision news conference, attention is expected to focus on ECB President Christine Lagarde’s remarks on France’s fiscal crisis and whether the…
