Buyback
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Mphasis Board okays Rs 988 cr buyback plan; Q1 net profit up 38% at Rs 258 cr
•Mphasis buyback, which will be subject to the approval of shareholders by way of a special resolution and other statutory approvals, will also see participation from the promoter who has 52.36 percent shareholding.
TCS promoters to participate in recently announced Rs 16,000-cr buyback offer
•Earlier this month, the TCS board had approved a proposal to buy back up to 7.61 crore shares or 1.99 percent of the total paid-up equity share capital at Rs 2,100 a share.
Govt stake in EIL down to 54.17%, corners Rs 659 cr buyback
•Govt had 57.02 percent in EIL prior the launch of the Rs 658.80 crore share buyback on 25 July
Wipro board to consider a proposal for buyback of equity shares on 20 July
•Share buybacks typically improve earnings per share and return surplus cash to shareholders.
Infosys' $20 bn revenue target by 2020: Will the share buyback scuttle Vishal Sikka's dream?
Fp Staff •As of 31 December, 2016, Infosys had $4.5 billion in cash and investments on its books
TCS stock hits 5-month high as investors cheer co's buyback plans
Fp Staff •TCS has a cash pile of Rs 43,100 crore on its book, accounting for 9 percent of its market capitalisation
Samsung, Apple, Motorola and Micromax make 65 percent of the second hand market in India: Cashify survey
Naina •Lurking somewhere behind the booming smartphone segment is an active 'seconds' market. And, hasn't it always been there?
Coal India gets board nod to buyback 10.89 cr shares of Rs 3,650 cr
•Coal India fixes share buyback price at Rs 335 a piece
NMDC may borrow for expansion next fiscal as buyback plan to drain out cash
•NMDC's buy-back of up to 25 percent of its own shares will raise as much as Rs 7,530 crore for the government which owns four-fifths of the company
OnePlus buyback program lets you exchange your old smartphone for up to Rs 16,000
Tech2 News Staff •OnePlus offering buyback schemes up to Rs. 16,000 in association with Amazon and ReGlobe.