Companies in India are gearing up for an increase in share buybacks as the new tax rules on repurchases take effect on October 1 wherein the gains from buybacks will now be taxed in the hands of shareholders rather than the companies.
Netweb Technologies’ shares surged following a robust Q4 and full-year performance, marked by a 45% rise in net profit to Rs 43 crore for Q4
Rahul Malani of Mirae Asset Sharekhan notes Kotak Mahindra Bank’s weak quarter was expected, with a potential one-off provision. He anticipates improved core operating profitability
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