Shares of Tata Consultancy Services (TCS) hit a 52-week high of Rs 3,634.70, up 1 per cent on the BSE in Monday's intraday trade, in an otherwise weak market after the company announced that it will consider a proposal to buyback equity shares at the meeting to be held on October 11, 2023. The company made the announcement on Friday after market hours.

In comparison, the S&P BSE Sensex was down 0.64 per cent at 65,571 at 09:30 AM.

Three bidders are in the race to acquire eight road projects of Reliance Infrastructure (RInfra), an Anil Ambani company, at an enterprise valuation of Rs 6,000 crore.

Bankers said the talks are at an advanced stage with Macquarie Group, Cube Highways and Kotak Alternate Asset Managers and the sale of the entire road portfolio of RInfra is expected by this month end.

As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is key: will the conflict spread to the rest of the region?

Crude traders don’t expect a massive price surge as there’s no immediate threat to supply. But all eyes are on Iran, a major oil producer and key backer of the Hamas group that launched this weekend’s offensive on Israel.

The government has approved the appointments of 12 general managers as executive directors (EDs) of various public sector banks (PSBs).

According to sources, the Appointments Committee of the Cabinet on Saturday approved the appointments of 12 EDs.

As per the government order, Sanjay Rudra, general manager, Bank of Maharashtra, has been appointed ED, Union Bank of India.

Amid the diplomatic sparring and souring of bilateral ties in the wake of Canadian PM Justin Trudeau's allegation of Indian involvement in the killing of Sikh separatist leader Hardeep Singh Nijjar, the Special Envoy and Coordinator, Global Engagement Centre, James Rubin said the standoff was a "tricky subject" as he sought cooperation into the investigation as far as it goes.

During a virtual press briefing on October 5, the US special envoy said, This is a tricky subject. Let me just say that we support Canada's investigation.

Finance Minister Nirmala Sitharaman on Friday chaired a meeting with the heads of Multilateral Development Banks and the co-conveners of the G20 Independent Expert Group for strengthening MDBs, NK Singh and Lawrence Summers.

Under its key priority of strengthening MDBs to address global challenges of the 21st century, the G20 India Presidency had constituted the G20 Independent Expert Group on Strengthening MDBs.

IT services firm Tata Consultancy Services announced on Friday that it will consider a share buyback when the company's board meets next week to approve its second-quarter financial results.

In a regulatory filing, the company stated, "Pursuant to Regulation 29(1)(b) of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, 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 11, 2023."

As the West continues to provide aid for war-torn Ukraine, Russian President Vladimir Putin stressed that Ukraine would not survive for more than "a week" without Western military and financial aid, reported Al Jazeera.

Putin made this claim on the same day when the European Union official warned that the bloc could not replace the funding gap if the US's support dries up for Kyiv.

Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter.

The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options.

Amazon launched the first test satellites for its planned internet service on Friday as a rival to SpaceX's broadband network.

United Launch Alliance's Atlas V rocket blasted off with the pair of test satellites, kicking off a programme that aims to improve global internet coverage with an eventual 3,236 satellites around Earth.

Amazon plans to begin offering service by the end of next year.

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