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 […]
Business
Oracle shares dropped about 5% on September 11, 2025, after a massive rally the previous day that pushed its market value close to $1 trillion. The prior day’s gains were driven by big cloud deals with AI companies, especially OpenAI. Big AI Deals The surge came after reports that Oracle secured a deal with OpenAI […]
Business Industry
Chinese electric vehicle maker BYD will send senior executives—including its India Managing Director, Ketsu Zhang—to India in the coming months. The delegation aims to review operations and relaunch training programs following improved diplomatic ties between India and China. Context Of Improved Relations This planned visit follows a visible thaw in India–China relations
Business
OpenAI, the company behind ChatGPT, has started early discussions with Indian data centre providers including Sify Technologies, Yotta Data Services, E2E Networks, and CtrlS Datacenters. The talks focus on bringing its global AI infrastructure initiative—Project Stargate—to India with a facility expected to provide at least 1 gigawatt of compute capacity. Reliance
Business Finance
In the 56th GST Council meeting, Finance Minister Nirmala Sitharaman announced a new, simplified Goods and Services Tax structure. The overhaul reduces GST to two main slabs—5% and 18%—alongside a 40% rate for certain high-end or “sin” goods. Changes Aimed At Simplification And Relief The restructuring shifts hundreds of items, including everyday essentials like packaged