Promoters of Hyderabad-based ValueLabs, a technology services and AI solutions firm, are looking to sell the entire business at a valuation of $1 billion (about ₹8,880 crore).The Donakanti family, which owns the company, has engaged Goldman Sachs to identify potential buyers, said multiple people familiar with the matter. Several global private equity buyout funds have … Read more
The Company has announced a buyback of Rs 18,000 cr. Around 10 crore shares will be purchased at Rs 1,800 apiece, a 19% premium over the stock’s previous closing price. The buyback will account for 2.41% of the existing equity This is the fifth buyback by Infosys and it’s largest. Previous buybacks were of Rs … Read more
\Google’s massive $32 billion acquisition of cybersecurity firm Wiz gained significant momentum after Donald Trump’s presidential inauguration in January, with executives from both companies accelerating negotiations amid expectations of a more favorable regulatory environment under the new administration. According to Reuters reporting, Google not only sweetened its original $23 billion offer from July to $32 … Read more
The parent company of Facebook and Instagram, Meta Platforms Inc posted blockbuster fourth-quarter results but cautioned that its capital expenditures will increase in 2025, as per reports. The capital expenditure is expected to rise due to its investment in generative AI technology. Financial results Meta’s net income rose 21% in the fourth quarter to $20.8 … Read more
The Goods and Services Tax (GST) investigative arm, Directorate General of Goods and Services Tax Intelligence (DGGI), has given partial relief to IT services major Infosys by closing the tax proceedings for financial year 2017-18 (FY18), the company informed exchanges on Saturday evening. The GST amount during this period was Rs 3,898 crore. The move … Read more