Mumbai: Larsen & Toubro (L&T) surged to an all-time high on Wednesday – rising as much as 4.4% in early trades – as the Street cheered better-than-expected first-quarter earnings that saw its order book surpass ₹4 lakh crore for the first time ever. Separately, the company announced a special dividend and a ₹10,000 crore share … Read more
NEW DELHI: Bengaluru-based IT major today announced that it will consider a share buyback proposal on April 27 along with the release of its March quarter report card. In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at a … Read more
Tech companies including Microsoft Corp. and Meta Platforms Inc. are expected to hit the bond market in size to buy back stock after last year’s rout. As much as $20 billion in issuance from Microsoft and $10 billion from Meta could be on the docket, according to analysis by Bloomberg Intelligence. The sector has more … Read more
Shares of cloud communications company Tanla Platform rallied over 11% to Rs 871.70 in Thursday’s intra-day trade on the BSE after it fixed October 25 as the record date to determine the entitlement and names of shareholders eligible to participate in the proposed buyback. The company has proposed a buyback of 14,16,666 fully paid-up equity … Read more
MUMBAI: Wipro’s share buyback offers an arbitrage opportunity for small shareholders, according to brokerage ICICI Direct. Analysts expect investors to earn about 5%-14% from this trade depending on the extent of the acceptance in the buyback offer. India’s third largest software exporter Wipro has announced a buyback of 23.8 crore shares from its shareholders on … Read more
By Katherine Chiglinsky Warren Buffett’s Berkshire Hathaway Inc. spent a record $5 billion buying back Berkshire’s own stock in the second quarter. Berkshire’s Class A shares, which fell in line with the S&P 500 in the first three months of the year as the pandemic spread in the US, fell another 1.7% last quarter while … Read more