As much as Rs 47,810 crore was spent on share buybacks by 48 companies in 2023 -- the highest amount since 2017. This surge in value was largely driven by a few large-sized issues, including those by Tata Consultancy Services (Rs 17,000 crore), Larsen & Toubro (Rs 10,000 crore), and Wipro (Rs 12,000 crore). In 2022, 58 companies had repurchased shares worth Rs 38,305 crore, according to data from Prime Database.
Wushu athlete Mepung Lamgu has gone incommunicado since being denied visa to travel to China for the Asian Games.
From installing water-saving aerators on taps to using cans for washing hands and dishes, Bengaluru is adopting diverse strategies to tide over the water crisis. While several citizens have taken to social media to urge Karnataka Chief Minister Siddaramaiah to make work from home mandatory for IT companies, it appears that hybrid mode will continue to be the norm for most - although with new water conservation measures in place. Co-working space provider Urban Vault has, for instance, installed smart water meters to detect leakage.
Captain Rohit Sharma wasted no time as he joined the team's training session on Tuesday ahead of the World Test Championship final against Australia next week.
'30th April bole toh aaplyaa rohit caa brthdde!'
Banks enjoyed an expansion in Net Interest Margins (or NIMs) as well as in credit demand through the 2022-23 financial year (FY23). The credit expansion was because economic growth continued to recover from the Covid-19 years, and indeed, second half GDP growth surprised on the upside. The NIM expansion was because banks raised lending rates immediately (in many cases automatically due to floaters) as the Reserve Bank of India (RBI) hiked policy rates, and only started raising deposit rates late into the fiscal.
Indian American Ro Khanna, the Democrat who ran for the Congressional seat from California's 17th District has secured enough votes in the primary election held on June 3 to challenge seven terms incumbent Mike Honda in the general election scheduled for November.
The exclusive club that dominates the global semiconductor fab scenario is about to get a new member. Taiwan, South Korea, and China control nearly 70 per cent of the global capacity. SEMI, the global industry body for semiconductor and electronics design and manufacturing, projects all fabs collectively will churn out 30 million wafers a month this year.
Most market analysts are expecting the momentum to shift towards 'quality' and 'growth' stocks in 2024 after the outperformance of 'value' stocks over the past three years. 'Value' stocks are generally well-established companies with steady profits that are trading at a discount to what they are intrinsically worth. Companies in sectors such as commodities, industrials, commercial vehicles and public sector units (PSUs) fall in this bracket.
The vibrant city of Bucharest, Romania, came alive as the B-FIT in the Street international festival took centrestage.
MI's captain began his IPL career as an off-spinning all-rounder -- he has 15 IPL wickets and a hat-trick for Deccan Chargers -- against the Mumbai Indians!
The Indian players reflected on their heartbreaking loss against Australia in Sunday's World Cup final.
10 high dividend paying stocks across sectors that are expected to maintain or even increase their pay-outs in FY23 thanks to faster earnings growth in the last four quarters.
The country's most valuable lender HDFC Bank can perhaps no longer claim to be a favourite of foreign portfolio investors (FPIs). Two data indicators, both somewhat interconnected, point to this - the diminishing premium of HDFC Bank's American depositary receipts (ADRs) compared to local shares, and the ample investment opportunities available to FPIs in the domestic market. The ADR premium has shrunk to below 5 per cent, down from over 30 per cent in March 2021, and even lower than recent levels.
Tata Communications has seen analyst upgrades after reporting Q3FY24 results. The biggest factor is the visible signs of a turnaround in its new acquisition, Kaleyra. The consolidated revenue grew 16 per cent Q-o-Q to Rs 5,630 crore led by 15 per cent Q-o-Q improvement in the data segment.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Saurabh Kumar was virtually unplayable on a raging turner, returning with a match-haul of 10 wickets as Rest of India beat Saurashtra
It took me 365 days to go from 49 to 50 earlier this year. I hope you go from 49 to 50 and break my record in the next few days. Congratulations!!'
US Congressman Ro Khanna's message is that instead of depending on the 'hidden hand' of capitalism -- that is to say, the power of markets -- it is time for policymakers to play a more active role in making sure that a wide range of towns become locations for digital economy enterprises and jobs, points out Ajit Balakrishnan.
MMFS is looking at a compounded annual growth rate (CAGR) of 18 per cent in assets under management (AUM) during FY23 to FY26 on the back of the strong recovery. The company has initiated risk-mitigating initiatives, including diversification into non-vehicle loans, building digital capacity and re-classification of customer profiles into affluent and mass-affluent in semi-urban segments to better target marketing.
The legislator was taken into custody under provisions of the Prevention of Money Laundering Act after he was detained by agency officials from a public meeting he was holding in Malerkotla, they said.
While ARTEMIS may not be at the next FIFA World Cup, Hong's team will be unveiling its full soccer capabilities at RoboCup in Bordeaux, France, in July.
"We have asked the RoC to look into the matter, get the information from the company and inform us within three weeks as to what is the factual story. Only when we have the information can the government do anything," Union Corporate Affairs Minister Prem Chand Gupta said in New Delhi pm Saturday.
Indian American Democrat Ro Khanna is still trailing against seven term incumbent Democrat Congressman Mike Honda in California's 17th Congressional District in the November 4 general election.
Backed by top IT companies of the Silicon Valley, Indian-American Rohit "Ro" Khanna hopes to get second-time lucky in his effort to enter the US House of Representatives against Democratic Party's sitting lawmaker.
Rising penetration of trade generic medicines is eating into the value growth of the domestic pharmaceutical market, showed a recent analysis. According to a Kotak Institutional Equities analysis, 70-110 basis points (bps) annual dent is expected from trade generics and Jan Aushadhi on Indian Pharma Market (IPM) growth at least until FY27-28 (see chart). Trade generic medicines are those that are not pushed into the market through doctor promotions.
Earlier, he lost to veteran Democrat and his own party colleague Mike Honda in his maiden Congressional bid in 2014.
'He is looking slightly preoccupied, maybe he is thinking about the WTC.'
A dish is meant for those who would like something light, healthy that goes well with parathas or rotis.
A fit again Wriddhiman Saha was named in the Rest of India squad that will take on first-time Ranji Trophy champions in the Irani Cup to be held in Mumbai from January 20-24.
Rohit enjoyed his time in the nets
The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.
Ahead of Team India's tour of Bangladesh, which begins on Sunday, December 4, and features a three-match ODI series and a two-Test series, Captain Rohit Sharma is training to get himself into the groove.
Ahead of the T20 World Cup 2022 semi-final, Rohit Sharma was seen enjoying a day out in Adelaide with wife Ritika and daughter Samaira.
Mumbai Indians fans have been dreaming about the day when they can see Boom Boom and Jofra Archer bowl in tandem. Hopefully, IPL 2024.
While Emami is still struggling to push growth, given weak rural demand, the sale of the group's stake in AMRI Hospitals should ease investor concerns about stake pledges by promoters. It has also carried a series of stake acquisitions which should enable the expansion of its brand portfolio. The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion.
They also slammed the "violent rhetoric" against India's Ambassador to the US Taranjit Singh Sandhu and said free speech does not mean a license to incite violence or vandalise property.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Let's fix the system, end the abuses but make sure we recognise the role of immigrants in creating jobs: Khanna.
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