Tag Archives: 16

TCS stock closes 2.75% higher on Rs 16,000-crore buyback plan

The TCS stock closed higher today after its board announced a share buyback of up to Rs 16,000 crore at Rs 2,100 per share.  The plan involves up to 7.61 crore shares or 1.99 per cent of the total paid up equity share capital. The stock closed 2.75% or 49 points higher at 1841 on the BSE.  The buyback price ... Read More »

Top stocks in focus on 16 February 2018

NEW DELHI: Domestic market is likely to see a positive opening on Friday , tracking Nifty50 futures on the Singapore Stock Exchange (SGX Nifty) and cues from other Asian markets. Nifty futures on the Singapore Stock Exchange were trading 31 points, or 0.29 per cent, higher at 10,588, indicating a positive opening start for the Nifty50 in India. Here is a list ... Read More »

Sensex Rebounds 235 Points, DLF Surges 16%

  The BSE Sensex and Nifty rebounded sharply on Monday, snapping a five-session selloff. The Sensex ended 235 points higher at 31,449 while Nifty settled at 9,794, up  83 points. Midcap and smallcap stocks which had seen sharper losses in the recent selloff bounced back strongly. The BSE midcap and smallcap indices on the BSE surged nearly 2.5 per cent. ... Read More »

16 Gas Station Franchise Businesses

With billions of dollars’ worth in annual sales, gas stations are big business in the United States. Gas station franchises offer the chance for individuals to jump on the gasoline retail bandwagon and run a busy and profitable business. Small Business Trends takes a look at 16 gas station franchise businesses throughout the U.S. Gas Station Franchise Businesses to Consider ... Read More »

Tod’s core profit falls 16 percent on shrinking sales in China

Core profit at Italian luxury goods maker Tod’s (TOD.MI) was down 16 percent in the first half of the year with respect to 2015, bogged down by weak sales in Greater China and falling tourist spending in Europe and the United States. Tod’s said on Wednesday earnings before interest, tax, depreciation and amortization (EBITDA) in the first six months of ... Read More »

Lawsuit accusing 16 big banks of Libor manipulation reinstated by US court

A US appeals court on Monday reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned. A lower court judge erred in dismissing the antitrust portion of private litigation against Barclays, Bank of America, Deutsche Bank, HSBC, UBS and ... Read More »

UltraTech acquires Jaypee group’s cement assets for Rs. 16,500 crore

Acquisition will augment company’s capacity to 90.7 mtpa from the current 68.3 mtpa. ltraTech Limited has agreed to acquire Jaypee Group’s 22.4 million tonnes of cement capacity assets for Rs.16,500 crore, making it the largest deal in the Indian cement sector. Kumar Mangalam Birla’s cement flagship firm entered into a binding agreement with Jaiprakash Associates Ltd., for the acquisition of ... Read More »