Page 2 - Tips Industries News Today

Under a share buyback programme, a company buys back its own shares from shareholders. It is seen as a tax-efficient way to give cash back to investors. Share buyback reduces the number of shares available in the market, thereby increasing the real value of the stock.

The Nifty gained almost 2 percent in the previous week and has generated a fresh buy signal on RMI

The Nifty Bank index recovered from the days low of 45,590.20 to end 0.7 percent higher at 46,218.90.

Young Bollywood actor Girish Kumar Taurani made his screen debut in the romantic comedy Ramaiya Vastavaiya in the year 2013.

Around 5.1 percent equity changed hands. Moneycontrol could not immediately identify the buyers and sellers involved in the transaction

Promoters in Tips Industries collectively sold 5.06 percent stake of the company

During the quarter, the company released 165 new songs, with 82 being film songs and 83 non-film songs. The companys YouTube subscriber base reached 93 million, with views increasing by 52% YoY to 47 billion.

Girish Kumar had an auspicious start to his career in 2013 but quit films just three years later, moving to business and becoming COO of a multimillion dollar company.

A buyback is when a company purchases its own shares in the stock market from existing shareholders. It is the most tax-efficient way to reward shareholders.

The MPF was set up in May 2018 on the lines of the New York City Police Foundation.