Torrent gave consistent good shareholder returns in last decade: Samir Mehta
Samir Mehta, Chairman, Torrent Group says shareholder returns rose significantly in the last one year, but it is not a one year phenomenon.
Samir Mehta, Chairman, Torrent Group says shareholder returns rose significantly in the last one year, but it is not a one year phenomenon.
The fintech startup has also terminated the services of several employees.
Group writing to government and RBI, seeking their intervention; Centre not too keen on bailout, say sources.
While Blackstone did not provide financial details of the transaction, according to a Bloomberg report the private equity major is buying a “large” stake for $250 million.
The 30-stock index bounced to a new life-high, but the contributors to the 0.81% increase from the previous high are concentrated.
TCS recorded a net profit of Rs 7,340 crore during the June quarter compared to Rs 5,945 crore in the year-ago period.The software-services firm announced an interim dividend of Rs 4 per equity share.
The periodic premium that Life Insurance Corporation (LIC) of India pays is a cost borne by its premium-payers.
The second TCS share buyback in two years will help Tata Sons, the largest shareholder in TCS, pare its stake in a tax-efficient way.