Change in tax structure leads to revival of share repurchase programmes
The company is looking at buying 237.5 million equity shares, or 4.16 per cent of its paid-up capital, though the date of the programme has not been fixed.
From Wipro reporting decline in Q2 profit year-on-year, Godrej Properties buying land in Bengaluru to J&J pausing Covid vaccine, Business Standard brings you top news of the evening
The company had posted a profit of Rs 2,552.7 crore in the year-ago period
Plans to buy 237.5 mn shares or 4.16% of paid-up capital, on a proportionate basis from existing shareholders under the tender-offer route
Key focus areas include commentary on verticals such as healthcare and retail and an update from the new management on the company's growth strategy.
All that happened in the markets today
In a buyback, purchase the stock early from the market or else the price gap could close
Abhimanyu Sofat, Head of research at IIFL Securities discusses things one should keep in mind before participating in the buyback offer. Tune in to know more
All that happened in the markets today
The medium-term outlook for TCS and Wipro looks extremely bullish. Here are the key levels you need to keep a tab on
Wipro's board will meet on Tuesday, October 13 to consider buyback proposal.
Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS
The Unique Identification Authority of India (UIDAI) had floated a tender for contracting a managed services infrastructure provider
The top four Indian IT firms have cash reserves of nearly $15 billion
The firm believes the strategy it has put in place and investments it has made in the past couple of years will help it achieve the target sooner than later
Indian companies may step up US hiring after Trump administration's proposal to make changes in visa rules.
Indirect emissions account for a major chunk of emissions by Indian IT firms
Demand to improve as IT spending is expected to increase across sectors
The firm said it plans to focus on early-stage and growth-stage companies dealing with areas such as cloud infra, AI, machine learning and mobile