Infosys promoters, including co-founders like Narayan Murthy and Nandan Nilekani, will not participate in the company's Rs 18,000 crore share buyback. This decision will lead to a slight increase in their shareholding percentage and could impact their voting rights. The buyback aims to return surplus funds to shareholders and enhance long-term value by reducing the equity base.
Small finance banks have approached the Reserve Bank of India with key requests. They want the regulator to ease a rule requiring half their loans to be under 25 lakh. They also seek permission to participate in co-lending arrangements. These changes aim to help SFBs expand their reach and serve more businesses, particularly MSMEs.
The price tag of health insurance from employers keeps getting bigger across the U.S., and the increases this year are fueling concerns over medical spending across all health insurance markets.
Netflix shares fell more than 10% on Wednesday, as the streaming giant's outlook for the coming quarter left investors nonplussed despite a strong line-up of shows that includes the final season of "Stranger Things".
