This is the first buyback of shares announced by Infosys since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore. Infosys on September 11 announced that its board has approved a share buyback proposal worth Rs 18,000 crore, its largest ever. The buyback price has been set at Rs 1,800…
“The plans to extend the tenure of such contracts is at a conceptual stage,” SEBI chairman Tuhin Kanta Pandey said at the sidelines of an industry event “Markets regulator Securities and Exchange Board of India – SEBI is planning to increase the tenure and maturity of equity derivatives contracts,” its chairman Tuhin Kanta Pandey said…
The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI infrastructure across the US over the next four years. Oracle and OpenAI have signed a mammoth deal, which potentially amounts to OpenAI paying $30 billion annually to Oracle for its data centre services. OpenAI…
Bahrain’s 10-year Golden Residency Visa offers a lower-cost, flexible alternative to the UAE’s, with options for professionals, retirees, and property investors Dubai’s Golden Visa is often the most talked-about long-term residency route in the Gulf. But Bahrain, in 2022, rolled out its own version — the Bahrain Golden Residency Visa — as part of…
Gold and Silver ETFs rise in June: Experts see continued traction in precious metal ETFs, as investors look to diversify beyond traditional equity and fixed income in an increasingly complex macro environment The strong inflows into precious metal ETFs in June can be attributed to a combination of macroeconomic and market-driven factors. Net investments into…
According to analysts, the Nifty remains a ‘buy on dips’ as long as it holds above the 24,850 level, with potential upside targets seen up to 25,800. The equity benchmark indices rebounded sharply on Friday, snapping a three-day losing streak, led by gains in financial, telecom and technology shares amid a drop in global crude…
Out of 43 mutual fund houses analysed, 16 increased their cash holdings while 27 reduced them. The largest cuts came from some of the biggest fund houses. Most experts remain positive on Indian markets. In a recent note from Bandhan Mutual Fund, they highlighted that India has been the top performing market globally over the…
Online food delivery by Zomato and Swiggy is a decade-old story, and now offers stable take rate, with 5 per cent adjusted Ebitda targeted in the near-term. Rapido’s entry into the food delivery space, cross-utilising its 40 lakh rider network to best-use idle slots, at virtually zero incremental capex, is seen as threat to…
The India VIX, the fear factor turned more supportive for bulls and it fell by 4.61 percent to 14.02 levels, the lowest level since April 4. Nifty Trend The Nifty 50, as expected, reached 25,200 levels in early trade but could not sustain for long as profit booking pulled down the index to finish flat…
The approval positions Starlink alongside OneWeb and Reliance Jio as India’s authorised satellite internet providers, with commercial rollout expected after spectrum allocation. Elon Musk’s satellite internet venture, Starlink, has received a key regulatory clearance from the Department of Telecommunications (DoT), Government of India, bringing it closer to launching its services in the country. With…