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MUMBAI: The mega Rs 18,000-crore share buyback of Infosys, which is the biggest-ever offer that the IT major has announced till date, is opening November 20, and closes on the 26th. The price for the buyback, first since 2022, has been set at Rs 1,800/share. In the previous buyback the Bengaluru company had agreed to buyback worth Rs 9,300 crore. It can be noted that some of the promoters of the company had decided to opt out of the buyback, which according to analysts, signals confidence in f ...Read More >
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%. Infosys on Thursday beat analyst estimates with a 13.2% year-on-year and 6.4% sequential increas ...Read More >
Bengaluru (Karnataka) [India], October 16: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9 and sequential growth of 2.2 in constant currency. Operating margin was at 21.0. Free cash flow generation was strong at $1.1 billion, 131.1 of net profit. TCV of large deal wins was $3.1 billion, with net new of 67. Employee headcount increased by 8,203. Second consecutive ...Read More >
BENGALURU - Tata Consultancy Services' plan to invest up to $7 billion in a 1 gigawatt data centre unit in India has sparked cautious reactions, with some analysts flagging limited overlaps with its core IT services and potential pressure on returns. The move, which pushed TCS shares down as much as 1.5% on Friday, marks a strategic shift for India's largest IT firm, which has traditionally followed a capex-light, organic growth business model. The recent boom in AI technologies, which require ...Read More >
New Delhi, Aug 18 (PTI) The operating profit of telecom companies in India is expected to grow 12-14 per cent to about Rs 1.55 lakh crore this fiscal, driven by more data consumption and rise in average revenue per user, Crisil Ratings said on Monday. The "robust" operating performance, along with declining capital expenditure intensity of leading players post 5G rollout, is seen improving free cash flow, supporting credit profiles of leading players in the industry. The telecom industry benef ...Read More >
New Delhi, Aug 18 (PTI) The operating profit of telecom companies in India is expected to grow 12-14 per cent to about ₹1.55 lakh crore this fiscal, driven by more data consumption and rise in average revenue per user, Crisil Ratings said on Monday. The "robust" operating performance, along with declining capital expenditure intensity of leading players post 5G rollout, is seen improving free cash flow, supporting credit profiles of leading players in the industry. The telecom industry benefit ...Read More >
New Delhi, Jul 15 (PTI) Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26. Ola Electric expects relatively low disruption from rare earth shortages and could gain market share in the near term as a result, Goldman Sachs stated. The company mana ...Read More >
Kolkata, Jul 15 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday hailed the safe return of Indian astronaut Group Captain Shubhanshu Shukla from space, calling it a matter of national pride. Shukla, a 39-year-old Indian Air Force officer and test pilot, on Tuesday returned to the Earth after an 18-day stay at the International Space Station. Also Read | Will Samosa and Jalebi Display Cigarette-Style Health Warnings? PIB Fact Check Debunks Fake News, Says Health Ministry's Advisory ...Read More >
New Delhi, Jul 15 (PTI) Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26. Also Read | Bodoland Lottery Result Today, July 15, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. Ola Ele ...Read More >
BENGALURU: Shares of Ola Electric surged 19.75% on Monday to close at Rs 47.66, even as the company reported a sharp year-on-year drop in revenue and a consolidated net loss of Rs 428 crore for the quarter ended June 30, 2025. The stock hit an intraday high of Rs 47.76 on the NSE, up from its previous close of Rs 39.80.The rally came despite the company's revenue from operations halving to Rs 828 crore in Q1 FY26, from Rs 1,644 crore in the same quarter last year. On a sequential basis, revenue ...Read More >
Chandigarh, June 06, 2025: Mining Major Vedanta Ltd. plans to deploy funds from the ₹5000 crore raised through its unsecured non-convertible debenture (NCD) issue to pay-down a high-cost private credit facility of ₹3,400 crore, potentially reducing its annual interest burden by at least ₹350 crore, according to a person familiar with the matter. The remaining funds will likely be used for ongoing Capex requirements, general corporate purposes, and repayment or prepayment of existing debts, the p ...Read More >
Mumbai: Leela Palaces, Hotels and Resorts' ₹3,500 crore initial public offering (IPO)--the largest ever in Indian hospitality--is testing investor appetite for luxury tourism stocks amid a tepid primary market. The listing will expand the roster of publicly traded luxury hotel chains beyond Indian Hotels Company, which runs the Taj brand, and EIH Ltd, the parent of Oberoi Hotels. The offer includes a fresh issue of shares worth ₹2,500 crore and a ₹1,000 crore offer for sale by its New York-base ...Read More >
Hyderabad: Databricks, the Data and AI company, announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers' Pension Plan and new investors ...Read More >
New Delhi, Dec 18 (PTI) Data and AI company Databricks on Wednesday said it is raising USD 10 billion in funding led by Thrive Capital and plans to use the fresh capital for new AI products, acquisitions, and expanding its international market operations. The oversubscribed funding round values the San Francisco-headquartered firm at USD 62 billion, according to a company statement. "The company is raising USD 10 billion of expected non-dilutive financing and has completed USD 8.6 billion to d ...Read More >
PHOENIX -- Erik Olsson, a director at WillScot (NASDAQ:WSC) Holdings Corp (NASDAQ:WSC), recently acquired 5,000 shares of the company's common stock. The purchase, made on November 15, 2024, was executed at an average price of $35.34 per share, amounting to a total transaction value of $176,699. Following this acquisition, Olsson holds a total of 626,306 shares in the company. WillScot Holdings, headquartered in Phoenix, Arizona, specializes in the rental and leasing of modular space and portab ...Read More >
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