The purpose of issuing bonus is to increase liquidity in the stock and hand out the available distributable net worth in a cash-neutral manner. The number of companies that have announced a bonus......
Shares of IT services major Wipro on Monday surged nearly 8 per cent after the company reported an 8 per cent growth in consolidated net profit in the December quarter. Wipro's scrip gained 7.78......
The past few months have seen a number of companies offering to buy back their equity through either open-market purchases or tender offers. Companies have announced Rs 7,800-crore (Rs 78-billion)......