Tuesday, 4 October, 2022

Topic: Shares

Bajaj Auto to buy back shares worth over Rs 2,500 crore

The company’s board approved the buyback at a price as high as Rs 4,600 per share, the Pune-based manufacturer said.

Software firm Freshworks shares jump 32% after $1 billion IPO

The firm, which was founded in India & moved to Silicon Valley, boosted revenue about 40% last year after pandemic forced businesses to go digital. Its sales continue to grow in 2021.

Load up on foreign stocks, top banker tells wealthy Indians

Kotak Investment Advisors CEO Srikanth Subramanian says softening of rules will see higher returns from some overseas markets than what investors can get from Indian equities.

Coming up — a ‘bad bank’ that will manage India’s record levels of soured debt

Shares of Indian lenders surged with the main banking barometer climbing as much as 6.5% after the Budget announcement of the stressed asset management company.

Why Ramdev’s Ruchi Soya shares jumped to Rs 1,535 from Rs 17 in 5 months & are now tanking

Since 29 June, stock has consistently fallen by 5% for 6 consecutive days, triggering lower circuit — levels where trading activity in a stock are suspended following a sharp fall in share prices.

India joins China and Australia to loosen rules for raising capital

Kotak Mahindra Bank Ltd. announced a plan to issue 65 million shares to strengthen its capital buffers as Indian banks brace for a surge in defaults.

India considering rollback of surcharge on foreigners to revive investor sentiment

Efforts to tax the super-rich have not been successful as Indian stocks saw $250 billion being erased since July, the month the Budget announcement was made.

Indian shares to witness worst month since October after foreigners pull out $2 billion

The benchmark S&P BSE Sensex fell 0.2% to 37,815.94 as of 9:56 a.m. in Mumbai. This comes amid foreign outflow after Modi govt's spending plan was revealed in the Budget. 

Modi govt’s tax on stock buybacks puts brakes on a great year of share repurchases

The proposed tax may affect share purchases worth Rs 10,000 crore that are in progress.

Govt panel to sell off Rs 3,000 crore properties of those who migrated to Pakistan, China

The move to set up a panel comes nearly two years after Parliament amended the Enemy Property Act.

On Camera


File photo of Pakistan's Finance Minister Ishaq Dar | Reuters

Ishaq Dar, new Pakistan finance minister—a Nawaz Sharif’s mole in Shehbaz Sharif’s cabinet

Insanity is doing the same thing and expecting different results, Albert Einstein said. But Paksitanis don't get it--Dar's been appointed FM for the fifth time.
Beneficiaries of the PM-GKAY PDS centre in Odisha | Representational image | ANI

Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy

RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.


Air Chief Marshal Vivek Ram Chaudhari, addresses a press conference upon the upcoming Air Force day parade at Akash Officers Mess in New Delhi on Tuesday. ThePrint photo by Suraj Singh Bisht

Mirages, MiG 29s, Jaguars to be phased out by 2035, IAF seeks more aircraft

IAF chief Air Chief Marshal V.R. Chaudhari said Tuesday that even though the force was looking at quality and technology of fighters, numbers still mattered.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.