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

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…

Adani Seeks Battery Tieup With BYD in Renewables Push

The Adani Group is exploring a tieup with Chinese EV giant BYD Co. that would allow billionaire Gautam Adani’s conglomerate to manufacture batteries in India and extend its push into clean energy, according to people familiar with the matter.   Adani is personally heading discussions with BYD executives, which have taken place as recently as…

NSDL IPO: Price band set at Rs 760-800 per share, 22% discount to grey market valuation

NSDL’s IPO will open for subscription on July 30 and close on August 1, with anchor investor participation beginning on July 29. The issue which is a pure offer for sale aims to raise around Rs 4,011 crore.   Investors of National Securities Depository Ltd (NSDL) have been taken aback after the company announced its…