Infosys announced its biggest-ever Rs 18,000-crore share buyback, offering Rs 1,800 per share — nearly an 18% premium to market price. This is its first tender-route buyback since 2017 and aligns with its capital allocation policy to return 85% of free cash flow.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.