Indian IT firms are likely to favor share buybacks over dividends following recent tax reforms. Market expert Sushovan Nayak believes the new rules make buybacks more tax-efficient for both companies and many shareholders. This shift is expected to encourage cash-rich IT giants like Wipro, LTIM, and TCS to continue returning capital to investors through buybacks in the coming period.
RBI links bank dividends to CET1 ratio
The Reserve Bank of India has revised dividend payout norms for banks, linking them to Common Equity Tier 1 (CET1) ratios instead of CRAR and