Business
Infosys has approved its largest ever share buyback of ₹18,000 crore, through the tender-offer route. The buyback price is set at ₹1,800 per share. Shares And Equity Impact The company plans to repurchase 10 crore fully paid-up shares, which represent 2.41% of Infosys’s paid-up equity share capital. Share Premium And Market Reaction The buyback price […]
National
Congress leader Shashi Tharoor has said recent U.S. tariffs imposed under President Donald Trump are hurting India’s economy. He claimed about 1.35 lakh jobs (135,000) have already been lost in Surat’s gems and jewellery sector. Sectors like seafood and general manufacturing are also feeling negative effects. Need To Diversify Exports Tharoor urged India to look […]
South India State News
At the TN Rising Investors’ Conclave in Hosur, Chief Minister M.K. Stalin announced that Tamil Nadu has signed 92 Memorandums of Understanding (MoUs) worth ₹24,307 crore. These agreements are projected to create 49,353 jobs. Foundation Stones Laid Four new projects with combined investment of ₹1,210 crore had their foundation stones laid in Hosur. These projects […]
International
India has announced a $680 million economic assistance package for Mauritius. The funds will support key infrastructure, security, health, and maritime projects. Strategic Elements And Chagos Support The package includes redevelopment of Port Louis port and enhanced surveillance of the Chagos Marine Protected Area. Mauritius has backed India’s strategic role in Chagos,