Analysts are expecting Infosys to announce a share buyback of ₹8,000 crore to ₹10,000 crore. The buyback is expected to limit the downside in the near term, as the buyback price is likely to be at a significant premium to the current market price, according to analysts.
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.