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COGNIZANT BUYBACK
IT stocks gain for 3rd day on rupee fall, tempered AI viewIndian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins for dollar-earning software expor...- Cognizant boosts buyback target to $2 billion amid AI-led growth pushCognizant has raised its share buyback programme to $2 billion, signalling strong capital return plans and confidence in long-term growth. ...
- Cognizant gets HC relief in Rs 9,403 crore dividend distribution tax caseThe bench said that in the event of default on the part of the company in complying with the conditions, the order shall stand vacated auto...
- Cognizant moves Madras High Court against ITAT ruling on dividend taxCognizant, the IT major, has challenged a ruling by the Income Tax Appellate Tribunal (ITAT) in Madras that held the company liable for div...
- Chennai ITAT rules Cognizant's Rs 19,000 crore buyback will attract dividend distribution taxThe Income Tax Appellate Tribunal in Chennai has ruled that IT firm Cognizant Technology Solutions India implemented a Rs 19,000-crore buyb...
- Cognizant says growth will accelerate to 7-11% in midtermCognizant forecast 6-9% organic constant currency growth and an additional 1-2% of revenue growth from acquisitions in the mid-term.
- Income tax demand is not justified, Cognizant tells High CourtThe US-based IT firm had earlier said it paid all applicable taxes related to its buyback transaction in 2016 and the Indian I-T Department...
- Activist fund Elliott exits Cognizant with big gainsElliott Management was the first activist hedge fund to take aim at an India heritage IT services firm and Cognizant with its US listing an...
- Madras HC stays I-T department freeze of Cognizant deposits, with riderCourt asks Cognizant to deposit 15% of the disputed amount, or over Rs 400 crore, as security in a suspense account till it decides on the ...
- Where the clashing clauses lie in the Cognizant-taxman disputeA CA with a popular consulting firm said: "This is an additional tax slapped on a company that purchases its own shares from its foreign sh...
- Cognizant launches $300 million accelerated share repurchaseCognizant said it would return $3.4 billion in capital to shareholders via buybacks and dividends.
- Cognizant begins $300 million share repurchase; to buyback $1.2 billion shares in 2018Under the terms of the agreement, approximately 3.58 million of the shares to be repurchased will be received by Cognizant on December 14, ...
- Wipro to consider shares buyback on July 20The company will also announce its financial results for the June quarter ended on July 20.
- Mindtree Board approves Rs 270 crore buyback planThe move comes at a time when Indian IT firms are opening up their coffers to return surplus cash on their books to shareholders.
- HCL Technologies to consider share buyback on March 20IT companies have been under increasing pressure from investors to utilise the huge cash pile on books either through share buyback or gene...
- Shares buyback: Infosys seeks shareholders' nod to amend Articles of AssociationThe company will also ask shareholders to approve independent director DN Prahlad’s appointment to the board and the revision to chief oper...
- TCS board approves Rs 16,000 crore buyback at Rs 2,850/shareIn a filing to BSE the company said the board members have approved buyback of 5,61,40,351 equity shares for an aggregate amount not exceed...
- TCS board approves Rs 16,000 crore share buyback programThe Mumbai-headquartered IT services company said it would buyback 5,61,40,351 Equity Shares, nearly 3% of the equity share capital, at a p...
- TCS may boost shareholder returns, here's how"The Board of Directors will consider a proposal for buyback of equity shares of the Company at its meeting to be held on February 20, 2017...
- Cognizant opens floodgates: Time for IT cos to pay back, investors stress on buybackOutsourcing industry has seen a steady dip in growth recently. Nasscom has cut it's growth target for fiscal 2017 to 8-10% from 10-12% for ...
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