Infosys announces Rs 18,000-crore share buyback: What it means for the IT firm’s 26 lakh shareholders

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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…

April retail inflation eases to 3.16%, lowest since July 2019

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Retail inflation was 3.34% in March; food inflation in April was 1.78%, lower than 2.69% in the preceding month India’s annual retail inflation slowed to 3.16% in April from 3.34% in March, marking its lowest in nearly six years as food prices rose at a slower pace, government data showed on Tuesday. It is the…