With this, Sony Pictures Network India adds 5 TEN channels to its sports bouquet
Patnaik should not harm the state’s interest by withdrawing tax sops to the IOCL refinery: Pradhan
Wal-Mart Stores is running a price-comparison test in at least 1,200 U.S. stores in a bid to close a pricing gap with rivals.
The New York-based company posted fourth-quarter earnings of $1.37 per share on revenue of $2.113 billion.
Bonds and stocks are at loggerheads, with one side indicating caution on growth and the other brimming with optimism.
India Inc is increasingly opting for the ‘tender route’ buyback instead of the traditional ‘open market’ route. Between 2006 and 2014, nearly 80 per cent of the buybacks were done through the ‘open market’ route. Since 2015, 95 per cent of the buybacks have been through the ‘tender route’. Even the recent mega buyback of Tata Consultancy Services (TCS) has been proposed to be done through the ‘tender route’.Change in regulatory and taxation framework has been the key factor behind the shift.The sharp rise in tender buybacks have coincided with the government’s decision to levy 10 per cent additional taxes on dividend at the hands of individuals.”Over the years, the primary motive of buybacks has changed. Earlier buybacks were used to send a signal to the market that the stock is undervalued. In the current context and with change in tax code, companies are using buyback as a tax efficient way of distribution to shareholders. The change in mechanism being used largely reflects the …