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Infosys annouces share buy back of Rs.13,000 Crores

The trouble hit IT Major Infosys has announced a major shares buy back of Rs 13,000 crores. Te decision was taken after many of its top line executives quit the company including the CEO of the company Vishal Sikka who accused the founders of intruding in his day to day activities. Though Sikka was supported by the Board, he still ... Read More »

Supreme Court Asks SpiceJet To Pay Rs 579 Crore To Previous Owner Kalanithi Maran

The Supreme court today directed the airline to pay Rs 579 crore to Mr Maran. The Delhi High Court had earlier this month directed the airline to deposit Rs 579 crore in connection with the share transfer dispute with its previous owner Kalanithi Maran, but provided it some relief by allowing it to deposit the amount in two parts. SpiceJet had ... Read More »

Rs.120 crore Indigo shares sold

IndiGo Airlines which has recorded the fastest growth in the domestic passenger segment at the rate of 26 percent has sold its shares worth Rs.120 crores. HDFC Mutual Fund, UTI MF and DSP BlackRock MF completely liquidated their holdings in IndiGo in June, amid its shares trading near record levels sending information about speculations that the airline may witness a ... Read More »

TCS all set to buy back shares worth Rs.16,000 Crores

 Tata Consultancy Services (TCS) will commence its Rs 16,000-crore mega shares buyback from May 18, 2017. The buyback programme will end on May 31st. The Letter of Offer for buy back will be sent to all the eligible shareholders on or before 16th May,the company said. The buyback programme, which received shareholder approval last month and if successful, it will ... Read More »

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