Wipro shares rise 3% on buyback announcement https://ift.tt/7cod5MD last share buyback was in FY21 when Azim Premji-affiliated entities had tendered 22.89 crore units worth about Rs 9,156 crore in between December 29, 2020, and January 11, 2021. Shares were bought back at a price of Rs 400 per equity share.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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