IT major Infosys is set to launch its largest-ever share buyback programme worth Rs 18,000 crore on Thursday, offering shareholders a tender window until November 26. The initiative will see the IT major repurchase up to 10 crore fully paid-up equity shares of face value Rs 5 each at Rs 1,800 per share, representing as…
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IndiGo’s operational crisis deepened on Friday as its on-time performance at six major metro airports collapsed to just 8.5%, according to data published on the Civil Aviation Ministry website. The sharp fall became the latest flashpoint in a continuing disruption that has now stretched into its fourth straight day.The airline cancelled all departing flights from…
Veteran banker Uday Kotak on Wednesday said the rupee’s fall past the 90-per-dollar mark reflects persistent selling by foreign portfolio investors (FPIs) and private equity funds routing money through the FDI channel, even as domestic investors continue to buy into the market, ET reported. His comments came as the currency extended its eight-month decline against…
MUMBAI: With the US-India trade deal taking another major step towards closure, Dalal Street investors are expecting a positive opening for the leading indices on Monday. Gift Nifty, used by traders for short term market direction, closed 0.7% up on Saturday, which is providing confidence to investors about a higher opening for the week. On…
The Iran war has entered its fourth week and global oil markets are showing a clear split with actual fuel supply prices are rising much faster than widely tracked oil futures. Brent crude, the global benchmark, has jumped over 50% to around $112 a barrel following the near-complete closure of the Strait of Hormuz and…
CHANDRAPUR: The SIT probing illegal sale of a farmer’s kidney in Chandrapur, Maharashtra, has uncovered a direct operational link to China. Fresh disclosures indicate that a Chinese surgeon, Dr Chiang, conducted transplant procedures in Cambodia and supplied harvested organs to clients in his home country.The revelations, based on statements of two key accus-ed during interrogation,…
China has escalated trade tensions with India by launching a dispute at the World Trade Organization (WTO) over New Delhi’s policies covering solar cells, solar modules and information technology goods, seeking formal consultations under the global trade body’s dispute settlement mechanism, Reuters reported.The WTO said on Tuesday that China has requested dispute consultations with India,…
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NEW DELHI: Supporting e-commerce, particularly electronics-oriented exports, can contribute to export diversification, job creation, and overall economic growth, govt think tank Niti Aayog has said and called for coordinated policy and regulatory reforms to advance cross-border e-commerce.The report released on Friday said that with growing global demand for Indian products, wider adoption of digital platforms,…
