Buyback
Meta beats Street, announces $40-bn buyback; to sack some mid-level staff
'Year of efficiency', says Zuckerberg; shares surge over 20%. The stock has added $237 bn in market value since its November low
 "Meta beats Street, announces $40-bn buyback; to sack some mid-level staff")
Hinduja Global Solutions approves buyback of 6 mn shares at Rs 1,700 each
The buyback size represents 24.15 per cent and 13.19 per cent of the aggregate of the company's fully paid-up equity share capital and free reserves
 "Hinduja Global Solutions approves buyback of 6 mn shares at Rs 1,700 each")
TMS Ep325: Paytm Share Buyback, Fertiliser Prices, Markets, Nuclear Fusion
Will the share buyback revive Paytm's fortunes? Will rising fertiliser prices hamper India's inflation battle? Is the worst over for the cement sector? Why is nuclear fusion in the news? Answers here
 "TMS Ep325: Paytm Share Buyback, Fertiliser Prices, Markets, Nuclear Fusion")
Will the share buyback revive Paytm's fortunes?
The board of One 97 Communications Ltd has approved a share buyback proposal. It came less than 13 months after Paytm's disastrous listing. How will the buyback affect Paytm's fortunes and investors?
 "Will the share buyback revive Paytm's fortunes?")
Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share
Assuming a full buyback of Rs 850 crore and applicable buyback taxes, the total outlay would be in excess of approximately Rs 1,048 crore
 "Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share")
What is a share buyback?
If the Paytm board approves the buyback, it will become the 51st company to announce a stock repurchase agreement in 2022. But what is a share buyback? Why does a company undertake it?
 "What is a share buyback?")
Paytm board to consider share buyback today; check all details here
According to the company's liquidity report, Paytm has liquidity of Rs 9,182 crore, and in November, the company stated that it would become cash flow positive in the next 12-18 months
Paytm in focus as board considers buyback; IIAS raises key concerns
The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent
 "Paytm in focus as board considers buyback; IIAS raises key concerns")
Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks
This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm
 "Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks")
Market regulator Sebi proposing to revamp the share buyback process
Currently, companies can buyback only 25 per cent of the paid-up capital and free reserves under the tender route
 "Market regulator Sebi proposing to revamp the share buyback process")
Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance
Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore
 "Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance")
State-run firms asked to buy back even when shares take a beating
Centre's move aimed at improving PSUs' stock performance
 "State-run firms asked to buy back even when shares take a beating")
TCS Rs 18,000 crore buyback subscribed 5.5 times a day before close
Tata group flagship firm is buying back 40 mn shares, or 1.08% of its equity at Rs 4,500 a share. That's a premium of over 21% to CMP
 "TCS Rs 18,000 crore buyback subscribed 5.5 times a day before close")
Investors rush for TCS buyback: Should you join the bandwagon?
The ongoing buyback of TCS stocks has seen record participation. Retail investors have tendered up to 1.9 million shares. What's driving investors towards the IT giant's buyback drive?
 "Investors rush for TCS buyback: Should you join the bandwagon?")
TCS' Rs 18,000-crore buyback opens today; should investors tender shares?
The mega Rs 18,000-crore buyback by IT giant Tata Consultancy Services (TCS) opens today and will run till March 23
TCS in focus ahead of ex-date for share buyback; down 3% from day's high
TCS on January 12, 2022 had approved to buyback up to 40 million equity shares of face value of Rs 1 each at Rs 4,500 per equity share for an aggregate amount of upto Rs 18,000 crore.
 "TCS in focus ahead of ex-date for share buyback; down 3% from day's high")
B2B platform Bizongo concludes maiden ESOP buyback worth $3.7-mn
Business-to-business e-commerce and supply chain enablement platform Bizongo has announced the completion of its first employee stock ownership plan (ESOP) buyback programme worth USD 3.7 million.
 "B2B platform Bizongo concludes maiden ESOP buyback worth $3.7-mn")
Edelweiss buys back 5.3% from wealth management partner PAG for Rs 230 cr
According to the agreement, which was to lapse this month, no premium or discount was involved
 "Edelweiss buys back 5.3% from wealth management partner PAG for Rs 230 cr")
Street signs: HDFC Bank back in 'red flag' list, Sansera GMP at 15% & more
A red flag gets activated whenever the foreign shareholding is less than 3 per cent of the permissible limit, which in HDFC Bank's case is 74 per cent
 "Street signs: HDFC Bank back in 'red flag' list, Sansera GMP at 15% & more")
Senior Democrats float 2% US tax on stock buybacks to fund $3.5-trn budget
The plan comes as Democratic lawmakers assemble a raft of tax measures to help pay for a $3.5 trillion budget bill that contains bulk of President Joe Biden's longer-term economic agenda
 "Senior Democrats float 2% US tax on stock buybacks to fund $3.5-trn budget")
