Tag: Buyback

TCS share price surges 4.5% on opening; board to consider equity share buyback proposal later this week

Information Technology major Tata Consultancy Services (TCS) announced that it will consider an equity share buyback proposal later this week on October 7 when the Board of the company meets ahead of the quarterly results. “This is to inform you that the Board of Directors will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on October 7, 2020,” TCS said in regulatory filing on Monday morning. Shares of the IT giant have surged over 54% from its March lows. TCS shares opened 4.54% higher at Rs 2,637 per share.



a close up of a flower garden: Shares of the IT giant have surged over 54% from its March lows. TCS shares opened 4.54% higher at Rs 2,637 per share.


© Provided by The Financial Express
Shares of the IT giant have surged over 54% from its March lows. TCS shares opened 4.54% higher at Rs 2,637 per share.

The IT firm has initiated two equity share buybacks in the recent past, both of which were for an aggregate amount of Rs

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ConocoPhillips to Restart Share Buyback Program, Plans a $1 Billion Repurchase in Q4

ConocoPhillips (NYSE:COP) announced today that it intends to resume its share repurchase program in the fourth quarter. The oil company had previously suspended buybacks in April as it slashed spending and production to combat a significant decline in oil prices. But with oil prices improving and the company bringing the bulk of its curtailed production back on line, it has the confidence to resume its buybacks.

ConocoPhillips anticipates repurchasing $1 billion of stock during the fourth quarter using the available cash on its balance sheet, which stood at $7.2 billion at the end of the second quarter. While the company retains the option to determine the level and pace of buybacks, it’s the first oil producer to resume its repurchase program following this year’s crash in oil prices. 

Two oil barrels on top of U.S. currency.

Image source: Getty Images.

ConocoPhillips also reported preliminary operational and financial results for the third quarter; it expects to unveil its

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