Queensland defers decision in blow to Big Bash League privatisation planQueensland Cricket, which hosts Brisbane Heat, said on Wednesday it had made no final decision following a board meeting and would seek further information from CA. Queensland Cricket, which hosts Brisbane Heat, said on Wednesday it had made no final decision following a board meeting and would seek further information from CA. #Bash_League #Big_Bash #board_meeting #Brisbane_Heat #hosts_Brisbane #League_privatisation #planQueensland_Cricket #Queensland_Cricket #final_decision #privatisation_planQueensland
Wipro Share Price Target: Morgan Stanley Sees Strong Cash Position and Buyback Potential Morgan Stanley has raised its upside target for Wipro Ltd., an Indian IT services company, by 19%, citing the firm’s robust cash reserves and potential for capital returns to shareholders. The brokerage highlighted Wipro’s strong cash position of approximately USD 4.7 billion, which it believes provides the company with the flexibility to execute significant shareholder returns through buybacks or dividends. This assessment has sparked renewed interest in Wipro’s stock, with analysts suggesting the company’s financial health could drive near-term positive sentiment. A key component of Morgan Stanley’s analysis is the anticipated share buyback program. The company’s board is set to deliberate on the proposal during its upcoming meeting on April 16, with the potential buyback size estimated at USD 2 billion (Rs 180 billion). This amount represents roughly 8.5% of Wipro’s market capitalization. While the buyback is widely expected, the timing of its execution remains uncertain, which could lead to short-term market reactions. Historically, past buybacks have correlated with stock outperformance, as investors often interpret such moves as signals of confidence in the company’s financial strength and future prospects. The brokerage’s 19% upside target is tied to its outlook for Wipro’s stock performance in the coming months. Morgan Stanley maintains an Underweight rating for the stock, with a target price of Rs 242 for 2026. This projection reflects the firm’s belief that Wipro’s current financial position and strategic initiatives could position it for growth, despite broader macroeconomic challenges.#board_meeting #morgan_stanley #share_buyback #wipro_ltd #indian_it_sector
ICICI Bank Completes Full Redemption Of USD 816 Million Outstanding GMTN Notes ICICI Bank has successfully redeemed USD 816 million in outstanding notes under its Global Medium Term Note Programme, including USD 800 million in principal and USD 16 million in accrued interest. The redemption was completed on March 18, 2026, in full compliance with regulatory requirements and demonstrates the bank's commitment to meeting international debt obligations on schedule. The bank redeemed notes with a total value significantly higher than the principal amount due to accrued interest obligations. The comprehensive redemption package highlights ICICI Bank's dedication to fulfilling its international debt obligations as scheduled. The transaction was carried out in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring adherence to domestic and international financial disclosure standards. The redeemed securities were issued under the bank's Global Medium Term Note Programme and carried specific international identification numbers for tracking and settlement purposes. These identifiers facilitated seamless processing across global markets, reflecting the bank's structured approach to managing its debt instruments. The redemption was formally communicated to multiple stock exchanges and regulatory bodies as part of ICICI Bank's disclosure obligations. The bank notified both domestic and international exchanges to ensure transparency across all markets where its securities are listed. This step underscores the bank's commitment to maintaining clear and consistent communication with stakeholders, aligning with global best practices for corporate governance.#board_meeting #icici_bank #securities_and_exchange_board_of_india #global_medium_term_note_programme #stock_exchanges
Rs 3.25 Dividend per share: PSU company rewards shareholders; record date fixed The board of Power Finance Corporation (PFC), a Maharatna public sector undertaking, approved a fourth interim dividend of Rs 3.25 per equity share for the fiscal year 2025–26. The face value of each share is Rs 10. This decision was announced following a board meeting held on March 17, 2026, which also approved a significant fundraising plan for the upcoming fiscal year. The dividend announcement came as PFC shares surged over 2 per cent on Tuesday, with the stock price climbing as high as 2.9 per cent to Rs 419.35 on the BSE. By 3:20 pm, the shares were trading 2.73 per cent higher at Rs 416.00. The company’s decision to distribute profits to shareholders reflects its commitment to rewarding investors while balancing financial obligations. Dividends are portions of a company’s profits distributed to shareholders. The board of directors typically declares these payouts, which are calculated per share. For instance, if a shareholder owns 100 shares, they would receive Rs 325 for the Rs 3.25 per share dividend. The record date for this payout was set as March 23, 2026, meaning only shareholders registered on that date will be eligible. The dividend is scheduled to be paid on or before April 16, 2026. The record date serves as a cutoff for determining eligibility. Investors must hold shares before this date to receive the dividend. Those purchasing shares on or after the record date will not qualify for the payout. This mechanism ensures the company accurately identifies its entitled shareholders. In addition to the dividend, PFC approved a fundraising plan of up to Rs 1.6 lakh crore for FY 2026–27. The company plans to raise funds through a mix of domestic and overseas debt instruments.#board_meeting #bse #power_finance_corporation #maharatna_public_sector_understanding #dividend_announcement
Indian Oil Corporation Declares Second Interim Dividend of ₹2.00 Per Share for FY26 Indian Oil Corporation's board has approved a second interim dividend of ₹2.00 per share for the financial year 2025-26. The dividend, equivalent to 20% of the face value of ₹10 per equity share, was declared during a board meeting held on March 6, 2026. The payment is scheduled to be made by April 5, 2026. The board meeting, which took place from 1:00 PM to 1:30 PM on March 6, 2026, approved the dividend in compliance with Regulation 30 of SEBI (LODR). This follows an earlier communication dated February 26, 2026, which outlined the board meeting's purpose for considering the dividend declaration. The record date for determining shareholder eligibility has been set as Thursday, March 12, 2026, in accordance with Regulation 42 of SEBI (LODR). Shareholders will be eligible to receive the dividend payment by April 5, 2026. Tax Deducted at Source (TDS) guidelines for the dividend have been specified. The company has outlined the procedures for deducting TDS from the dividend amount, ensuring compliance with tax regulations. The dividend declaration reflects the company's financial performance and commitment to rewarding shareholders. The payment is expected to be distributed to eligible shareholders in line with the established schedule. Indian Oil Corporation has also provided details on the corporate actions related to the dividend, including the timeline for payment and the procedures for TDS compliance. These measures ensure transparency and adherence to regulatory requirements. The second interim dividend is part of the company's ongoing efforts to maintain shareholder value and support its financial strategy.#indian_oil_corporation #sebi_lodr #board_meeting #shareholders #dividend_declaration
