The company plans to consider share buyback on Sept. 17, according to its stock exchange notification.
Shares of the supply chain solution fluctuated between gains and losses to trade at Rs 110.55 as of 9:30 a.m.
Stock Market
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Market Breadth Was Tilted in Favour of Buyers – GSR
The market breadth was tilted in favour of buyers. Seven out of 11 sectoral gauges compiled by NSE advanced, led by NSE Nifty Media Index’s 0.6 …
HDFC AMC, Sun Pharma, Wipro, Cipla, IndiGo
Equity benchmarks in Japan and South Korea were little changed as trading began, while Australian stocks declined. Futures indicated Hong Kong shares would nudge higher after sliding into a bear market. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.3 percent higher at 11,349.50 as of 7:20 a.m.
Goldman Sachs, Deutsche Bank, and Rothschild are all Getting a Slice of Coca-Cola’s Game-Changing $5.1 Billion Deal for Costa Coffee
Coca-Cola on Friday announced a shock deal to buy the coffee chain Costa Coffee from its parent company Whitbread in a deal valued at just shy of $5.1 billion (£3.9 billion).
Bad News For Derivative Investors – Gold Silver Reports
Investors taking physical delivery of securities to settle derivative contracts will have to pay a tenfold higher transaction tax than those who settle in cash.
That’s because the taxman clarified to the Bombay High Court that the same securities transaction tax rate will apply to physical settlement in derivatives and equity segments. For taking delivery of shares, investors will now pay Rs 10,000 for every Rs 1 crore of transaction value, compared with Rs 1,000 earlier.
LIC Stake Not To Exceed 14.9% Post Issue, Says IDBI Bank – Gold Silver Reports
Gold Silver Reports (GSR) – LIC Stake Not To Exceed 14.9% Post Issue, Says IDBI Bank – Shares of the state-run lender fell as much as 5.4 percent to Rs 58 after the bank said that Life Insurance Corporation’s stake will not exceed 14.9 percent up on share issue.
Stressed Power Producers Fall After Court Order Denies Relief – GSR
Stock Market — Stressed power generation companies fell after a court rejected their plea to ease RBI rules on bad loans, clearing the way for lenders to take these assets to bankruptcy courts and raising prospects of loan write-offs.