SHARE BUYBACK

The India-focused investment fund now holds a 4% stake, worth $221 million, in Freshworks. In the September quarter, while Westbridge slashed its stake, marquee investors such as Vanguard Group and Blackrock increased their holding in Freshworks.

GQG Partners, a significant investor in Adani Group stocks, saw its share price rebound after a sharp drop following US fraud charges against Adani executives. GQG is reviewing the charges but emphasized that most of its clients' assets are not inve...

The finance ministry has updated capital restructuring guidelines for non-bank public sector enterprises (PSUs) to ensure optimal fund utilization. The revised norms for listed Central Public Sector Enterprises (CPSEs) include changes to dividend pa...

The Indian government has updated its guidelines for Central Public Sector Enterprises (CPSEs) capital restructuring. The revisions include new minimum dividend payout ratios and criteria for share buybacks, bonus share issues, and stock splits to i...

India's Finance Ministry has updated guidelines for capital restructuring by Central Public Sector Enterprises (CPSEs), requiring a minimum annual dividend payout and introducing measures like share buybacks and splits to enhance shareholder value.

After proposing a share buyback program at $180.70 per share, ByteDance, parent company of TikTok has been valuing itself at $300 billion, a 12.9% increase in per share price from the previous buyback value of $160. According to one source, ByteDanc...

The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, it said in a statement. In the short term, the decision would likely help Samsung's shar...

DBS Group, Singapore's largest bank, reported a record-breaking net profit for the third quarter, reaching S$3.03 billion. This impressive performance was fueled by robust fee income, particularly in wealth management. However, the bank projects a d...

US industry and other groups are challenging rules under SEC Chair Gary Gensler. These include regulations on corporate board diversity, proxy voting, share buybacks, private funds, and others. Multiple lawsuits are ongoing, with significant implica...

Matrimony.com's Rs 72 crore share buyback is open for eligible shareholders from October 30 to November 6. Only shareholders on record as of October 25 are eligible. The deadline to submit bids is November 6, with settlement by November 12.

HSBC Holdings reported a 10% increase in third-quarter profits, surpassing analyst predictions. The bank also announced an additional $3 billion share buyback and detailed restructuring plans under new CEO Georges Elhedery. HSBC confirmed a dividend...

Shares of Indus Towers are expected to attract attention after the Competition Commission of India approved Bharti Airtel's plan to increase its stake following a share buyback. The buyback, initiated on August 14, involves acquiring over 5.67 crore...

China's central bank has started two funding schemes to inject up to 800 billion yuan into the stock market. The schemes provide liquidity through asset collateralisation and allow financial institutions to borrow for share purchases. The initiative...

From October 1, Indian stock market investors will face changes including revised transaction fees by BSE and NSE, an increase in Securities Transaction Tax on Futures & Options trading, and new taxation rules for share buybacks. These changes could...

The PBOC will also reduce mortgage rates by 50bp, lower the down payment ratio for second homes, and explore options for banks to purchase land from developers. Additionally, an RMB 500bn liquidity program for non-bank financial institutions and a r...

Microsoft's board has approved a $60 billion share buyback program and declared a quarterly dividend of $0.83 per share, an increase of 10%. The company will hold its annual shareholders meeting on Dec. 10. Microsoft is increasing its spending on AI...

Promoters of Indian cos are rushing to complete share buybacks before new tax rules take effect on October 1. The changes will shift the tax burden from companies to shareholders, making buybacks less attractive for high-net-worth individuals. Sever...

Matrimony Share Buyback: Matrimony.com’s board approved a Rs 72 crore share buyback at Rs 1,025 per share, a 27.5% premium. The stock rose 3% to Rs 829.55 on the news.

Bharti Airtel will hold over 50 per cent stake in Indus Towers after the ongoing Rs 2,640-crore share buyback scheme is completed. Indus Towers began the buyback of over 5.67 crore shares at Rs 465 each on August 14. Currently, Bharti Airtel has a 4...