Infosys completed its Rs 13,000 crore buyback programme that saw participation from Sudha Gopalakrishnan, Rohan Murty and LIC among others. The first ever buyback in Infosys commenced on November 30 and closed on December 14.

Bank Nifty was down 259 points to 24,864 level with SBI, Bank of Baroda, and Canara Bank losing over 2 percent each. All 12 bank Nifty components were trading in the red.

The share buyback, is the first in the company's 36-year long history, and will see Infosys buying back over 11.30 crore shares at Rs 1,150 apiece. At 11:36 am, the stock was trading 0.36 percent higher at 986.50 level in an otherwise weak market.

Some of the founders and high-profile former executives associated with Infosys have been calling for share buyback for quite some time now so that the surplus capital with the company could be returned to shareholders.

Reuters has documented at least 12 cases of prescient messages about major Indian companies, including Dr. Reddy's, being posted in private WhatsApp groups.

Three days before Dr. Reddy's Laboratories Ltd announced quarterly results this summer, a message circulated on a private WhatsApp group saying the Indian drugmaker would not post good numbers.

India's second largest software services firm Infosys said that it has fixed November 1, 2017 as the record date for its up to Rs 13,000 crore share buyback programme.

Muted quarterly results from major IT services firm such as Infosys, Wipro and MindTree are believed to have played spoilsport for the L&T Infotech's damp-squib listing.

Shares of Mindtree tumbled as much as 6.81 per cent to Rs 572.00 after the mid-cap IT company came out with lacklustre June quarter earnings, falling short of Street expectations.

While world is fretting over the possibility of Britain exiting (Brexit) or remaining (Bremain) in the European Union, we bring you five stocks recommended by top brokerages.

In the past 13 trading sessions, S&P BSE IT index tanked 1,086 points, or 9.30 per cent, to 10,585.87 on May 4.

The key ratios you can use to analyse a company are return on equity (RoE), return on assets (RoA) and return on capital employed (RoCE).

Vishal Sikka inherits an Infosys where Narayana Murthy has cut costs and increased margins. He also has to deal with the rampant loss of top talent and the heartburn caused by an Executive Assistant's overarching role.

Experts say one should buy gradually through a systematic investment plan, as IT companies provide a hedge against falling rupee and poor performance of the domestic economy

It is no secret that the big four - Infosys, TCS, Wipro and HCL Tech - of the Indian IT sector are facing margin pressures and moderation in revenue growth. Analysts look at mid-level IT firms that are available at lower valuations.

The founder of the Cafe Coffee Day chain was one of MindTree's first venture capitalists, buying an initial 6.6 per cent stake in the company for Rs 41 a share in 1999. He now owns 22 per cent stake in MindTree through his companies and personal holdings.

V.G. Siddhartha seldom airs his views about businesses he is involved in. But in a candid conversation with BT, the Cafe Coffee Day founder discusses the rationale of his investments in the Bangalore-based mid-tier IT company MindTree, in which he is also the largest shareholder.

The body, which represents the $100 billion Indian IT-BPO industry, has also appointed MindTree CEO Krishnakumar Natarajan as the Vice Chairman of the Executive Council.

MindTree's expansion of its presence in the US is expected to bring some 400 new jobs to the Gainesville area beginning late this summer, the company said in a statement.