₹ 16,000-Crore TCS Share Buyback Offer Opens; Stock Hits Record High
Tata Consultancy Services' ₹ 16,000-crore share buyback programme opened today. TCS, the country's largest IT company, will buy back up to 5.33 crore equity shares at a floor price of ₹ 3,000 apiece. The buyback offer will close on January 1, 2021. TCS shares touched a record high ₹ 2,896.10 on Friday in a subdued market.
In November, TCS...
From SBI Cards To Burger King, These Were The Biggest IPOs Of 2020
Calendar year 2020 saw the market debut of 13 companies, starting SBI Cards and Payment Services in March. The country's IPO market slowly gained momentum following a lukewarm response to the listing of the credit card arm of the country's largest bank. Mazagon Dock Shipbuilders' IPO, in September, was subscribed more than 157 times the shares on offer, making it the best public...
Majesco Declares Dividend Of ₹ 974 Per Share, Stock Rises Over 2%
Mumbai-based information technology company Majesco on Tuesday approved an interim dividend of ₹ 974 per equity share of face value of ₹ 5 each for the financial year 2020-21. The interim dividend approved by Majesco board is at the rate of 19,480 per cent of the face value of the company, Majesco said in a stock exchange filing. Majesco's...
Sensex Falls Over 300 Points As Markets Retreat From Record Highs
Domestic stock markets fell on Tuesday with benchmark indices retreating from all-time highs amid weakness across Asian equities, as concerns about increasing COVID-19 deaths and lockdowns overshadowed optimism about the rollout of coronavirus vaccinations. The S&P BSE Sensex index dropped by as many as 383.6 points -- or 0.83 per cent -- to 45,869.86 during the session, and the...
Nifty Settles Above 13,550 For First Time, Sensex Rises Over 150 Points
The S&P BSE Sensex and NSE Nifty 50 indexes closed at all-time highs on Monday led by gains in ICICI Bank, Larsen & Toubro, Kotak Mahindra Bank, ONGC and Tata Consultancy Services. The benchmarks staged a gap up opening wherein Sensex rose as much as 274 points to hit record high of 46,373 and Nifty 50 index touched an...
IRCTC Offer For Sale Successful, Government Prunes Stake By 20%
The government succeeded in divesting 20 per cent stake in the railway ticketing firm, Indian Railway Catering and Tourism Corporation (IRCTC) in the recently concluded offer for sale (OFS). The retail investors lapped up all the shares up for sale and the institutional investor portion was subscribed 1.34 times. Following the share sale, the government's stake in IRCTC will...
India’s Petrol Sales Rise 5% In November, Cooking Gas Demand Up 4%
Fuel demand fell 5.0 per cent in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totaled 17.83 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Sales of petrol were 5.2 per cent higher from a year earlier at 2.67 million tonnes. Cooking gas or...
Sensex, Nifty Soar To Record Highs As Markets Resume Rally After A Day’s Pause
Domestic stock markets soared to record highs on Friday as ONGC surged on the back of higher crude prices, with sentiment also supported by optimism over COVID-19 vaccines. The S&P BSE Sensex index rose 229.14 points -- or 0.50 per cent -- to touch an all-time high of 46,189.02 in the first few minutes of trade. The broader NSE...
Nifty Gives Up 13,500 As Markets Break Record-Breaking Run
Domestic stock markets registered mild losses on Thursday, halting a rally that pushed the benchmark S&P BSE Sensex index above the 46,000 mark for the first time ever. The Sensex index fell 392.63 points, or 0.85 per cent, to 45,710.87 at the weakest level recorded in morning deals. The broader NSE Nifty 50 benchmark slid to as low as...
Sensex Falls Over 350 Points, Nifty Slips Below 13,400 As Markets Halt Rally
Domestic stock markets registered mild losses on Thursday, halting a rally that pushed the benchmark S&P BSE Sensex index above the 46,000 mark for the first time ever. The Sensex index fell 392.63 points, or 0.85 per cent, to 45,710.87 at the weakest level recorded in morning deals. The broader NSE Nifty 50 benchmark slid to as low as...
