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Infosys To Consider Buyback On Saturday, Shares Surge

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Infosys shares surged as much as 4.1 per cent to an intraday high of Rs. 1,014.80 on Thursday after the Bengaluru-based IT outsourcer said that its board will meet on August 19 (Saturday) to consider a share buyback proposal. “We would like to inform you pursuant to regulation………, that the board of directors (“Board”)of Infosys… will consider a proposal for ...

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Sensex Falls Over 150 Points Amid Weak Asian Markets

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Key equity indices Sensex and Nifty registered losses in early trade today amid weak Asian markets. The Sensex fell over 150 points while Nifty hit 10,027 at day’s low. Sectoral indices bank, FMCG, metal, power, realty, capital goods and IT slumped. The Reserve Bank’s decision to lower the benchmark rate by 25 bps to 6 per cent yesterday was already ...

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GST Sends Services Activity Plunging Most In 4 Years

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Bengaluru: Activity in India’s dominant service sector contracted at the sharpest rate in nearly four years in July after a new tax policy sowed confusion and sent new orders into free fall, a survey showed on Thursday. Initial confusion on the national goods and services tax (GST) led July’s Nikkei/IHS Markit composite Purchasing Managers’ Index, which measures both manufacturing and ...

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Nifty Hits One-Month Low; Banking Stocks Drag

BSE

The NSE Nifty fell for a fifth straight session and touched a one-month low on Tuesday as lenders took a hit following a report that the country’s central bank has demanded higher provisioning for loans submitted under the insolvency process. The Reserve Bank of India has asked banks to set aside at least 50 percent of the loan amount for ...

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Small Pumps: A Panacea For Small Farmers In Groundwater Rich States Like Assam, Jharkhand And Odisha

Small pumps, those that have a capacity of less than 1 or 1.5 horsepower (HP), are proving to be quite effective these days. They should have been effective all these years as well. Small pumps offer several advantages. In the first place, the investment needed to acquire them is much smaller — between ₹5,000 and ₹15,000 against double that for ...

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