TCS board to consider buyback on February 20

India’s largest software company, TCS, confirmed this morning it would consider doing a buyback on February 20, in line with recent calls by investors that IT companies look for ways to return excess cash to shareholders.

TCS board to consider buyback on February 20

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Sensex tanks 184 points on earnings pain, US Fed’s hawkish comments

Mumbai: Disappointing corporate earnings weighed on equities for the second straight session today, sending benchmark Sensex tumbling 184 points to a two-week closing low of 28,155, while hawkish comments from US Fed chair Janet Yellen heightened capital outflow fears.

Auto, realty and pharma counters took a big hit. Profit-booking by retail investors dragged small-cap and mid-cap indices lower by 1.52 percent and 1.16 percent,
respectively.