#StockMarket

MakeMyTrip's $3 Billion Buyback Aims to Cut Trip.com Stake Below 20%

MakeMyTrip is reportedly planning a colossal $3 billion share buyback! This unprecedented move is poised to drastically cut down Trip.com's stake in India's leading online travel major to less than 20%. Such a massive capital return signals strong financial health and a strategic re-evaluation of ownership, fundamentally reshaping MMT's future in the booming travel sector.

Hindustan Zinc's ₹12,000 Crore Expansion Plan Met with Over 4% Stock Drop

Hindustan Zinc's shares plummeted over 4% today after its board approved a massive ₹12,000 crore investment to double zinc, lead, and silver capacity. Despite the ambitious growth plan, investors reacted cautiously to the significant capital outlay, signalling short-term concerns.