BUSINESS

Marico to buy remaining 46% stake in HW Wellness Solutions for Rs 138 cr

Marico buys remaining stake in HW Wellness, strengthening its D2C presence with True Elements brand

THE HINDU BUSINESS LINE
2 hours ago
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Infosys board approves record ₹18,000 crore share buyback programme

This marks the company’s fifth buyback since 2017. 

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Bombay High Court rejects discharge plea of former Karvy CEO in ₹2,700-crore securities fraud case

The prosecution alleges that KSBL illegally pledged and misused client securities worth about ₹2,700 crore without consent, in violation of SEBI circulars and the Code of Conduct for stockbrokers

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India International Tea Conference to be held in Kochi from September 18-20

There will also be a Specialty Tea Competition

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IREDA raises ₹453 crore through Perpetual Bonds

The issue drew total bids worth ₹1,343 crore against the base size of ₹100 crore and a Green Shoe option of ₹400 crore, resulting in oversubscription by 2.69 times

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Tata Capital’s $2 billion IPO may be launched in first half of October

The IPO will be the biggest in the country after Hyundai Motor India’s $3.3 billion (₹27,870 crore) offering in October 2024

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BUSINESS

Infosys share buy back: IT giant announces its largest-ever Rs 18,000 crore share buyback; 19% premium for shareholders

Infosys declared an Rs 18,000 crore share buyback. The company will repurchase shares at Rs 1,800 apiece. This is a 19% premium over Thursday's closing price. This buyback is the fifth by the Bengaluru-based firm. Analysts expect the mo ...more

TIMES OF INDIA
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Retail frenzy powers IPOs despite volatile markets

Retail investors drive oversubscriptions across live mainboard and SME IPOs even as market uncertainty and regulatory throttles bite

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Infosys announces largest ever buyback at 19% premium to today's share price

Infosys’ share price fell 1.51% to ₹1,509.50 apiece on the BSE before the buyback was announced. A record date will be announced later.

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BUSINESS

Currency watch: Rupee slips to record closing low of 88.35 vs US dollar; strong dollar index, crude gains add pressure

The Indian rupee plummeted to a record low of 88.35 against the US dollar, pressured by ongoing trade tensions between India and the US, continuous foreign fund outflows, and rising crude oil prices. Despite positive domestic equities a ...more

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Discussions on India-US trade pact have been on in a positive atmosphere: Goyal

US Commerce Secretary Howard Lutnick casts a shadow on talks by linking it to India stopping Russian oil purchase

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Pilgrimage travel emerges as a fast-growing segment: MakeMyTrip

Accommodation bookings across 56 destinations rose 19% in FY24; premiumisation and group travel gaining ground

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’Not far apart on tariff deal’: Trump’s India ambassador nominee says issues to be resolved ‘in weeks’; calls India a strategic partner

Sergio Gor, nominated as the US ambassador to India, anticipates resolving trade and Russian oil penalty disputes with India within weeks. He emphasized India's strategic importance and pledged to strengthen the US-India partnership by ...more

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BUSINESS

Maharashtra inks MoU with Reliance for ₹1,513-cr food & beverage facility

The project is expected to create 500 jobs and boost Maharashtra’s food processing industry

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