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“This is to inform that a meeting of the Board of Directors of Hinduja Global Solutions Limited will be held on Monday, December 19, 2022, inter-alia, to consider a proposal for buy-back of equity shares of face value of Rs 10 each of the company, including matters related / incidental thereto,” said the company’s filing with the exchange.

Fear gauge index India VIX was up by 6.62% from 12.88 to 13.73 levels. Volatility spiked from lows as market reacted sharply on the negative side after a long time but overall it has been hovering at lower levels from the last two months.

The Nifty IT index closed 2.11 per cent down at 29087.95.

The total number of shares to be bought back in the repurchase will be up to 17,14,285 units, representing 3.38 % of the total shares in the paid up equity share capital of the company

A total of 560 shares changed hands on the counter till 02:06PM (IST)

"Comex Gold prices are trading lower in the Asian trading hours on back of hawkish tone from US Fed. Fed Chairman Powell signalled more rate hikes possible next year to cool down inflation at targeted level," said Dilip Parmar, Research Analyst at HDFC Securities

The energy transition is real, irreversible and gaining momentum. Amidst this, the demand for power in India is on a sustained growth path with the generation mix balancing between sustainability and security, said JM Financial.

“While the Carlyle and Advent International deal is already done, the ARC deal would be done in a couple of days and both the outcomes would be part of our Q3 results. In the case of the Carlyle and Advent deal, post conversion of warrant structure, Yes Bank CET would improve by 400 bps to 15.7% and capital adequacy would be more than 20%.”

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“Most of the foreign portfolio flows that come into India are coming through APAC funds or EM funds or global funds right. The share of India dedicated funds is lower than it was even five years back. So if more money goes into EM funds because people are feeling slightly better about China, then India also gets inflows. ”