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Infosys Approves Record $2 Billion Share Buyback

/in /tarafından

Infosys, India’s second-largest IT services provider, said Thursday it has approved a share buyback of 180 billion rupees ($2.04 billion), the biggest in its history. The company set a buyback price of 1,800 rupees per share, with the repurchase to be carried out through the tender offer route.

This marks Infosys’ fifth buyback, following its last repurchase in 2022–2023.

Market analyst Gaurav Vasu, founder of UnearthInsight, noted that Indian IT firms remain investor-friendly and service-driven, but suggested they should also explore mergers & acquisitions and focus on developing AI and cloud products, similar to U.S. tech giants.

Following the announcement, Infosys’ U.S.-listed shares edged up 0.03% to $16.99, while its Mumbai-listed shares closed 1.5% lower at 1,509.7 rupees.

Nebius to Raise $3 Billion Following Landmark Microsoft Deal

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AI infrastructure company Nebius Group announced Wednesday it will raise $3 billion to accelerate growth in its artificial intelligence cloud business, just days after striking a $17.4 billion deal with Microsoft.

The funding package includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of class A shares. Goldman Sachs will serve as the lead book-running manager, joined by Morgan Stanley, BofA Securities, and Citigroup.

Nebius said the funds will be used to expand its compute and hardware capacity, secure land from reliable providers, and grow its data center footprint.

The announcement follows Monday’s news that Nebius will provide Microsoft with GPU infrastructure capacity for five years, a contract worth up to $19.4 billion if additional services are included. The deal sent Nebius’ Nasdaq-listed shares soaring 49% to a record high on Tuesday, though they slipped 5.6% in pre-market trading Wednesday. Year to date, shares have climbed an impressive 245%.

Nebius was formed after splitting assets from Russian tech company Yandex. Its rise highlights the surging demand for data center capacity worldwide, driven by the explosive growth of generative AI technologies.

Google Ends Some Cloud Data Transfer Fees in EU and UK Ahead of Data Act

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Google announced Wednesday it will eliminate certain cloud data transfer fees in the European Union and Britain, just days before the EU Data Act takes effect on Friday.

Key Details

  • What’s changing?
    Google will no longer charge organizations for transferring data between Google Cloud and other providers under its new “Data Transfer Essentials” offer.

  • Why now?
    The EU Data Act requires providers to allow switching between clouds more easily, permitting them to charge transfer fees only “at cost.”

  • How Google differs:
    Unlike rivals, Google is offering these transfers at no cost, going beyond the minimum legal requirement.

Competitor Moves

  • Microsoft introduced at-cost fees in the EU last month.

  • Amazon Web Services (AWS) allows EU customers to request reduced data transfer rates in eligible cases.

Strategic Context

  • The cloud market remains dominated by AWS, Microsoft Azure, and Google Cloud, but regulators in both the EU and UK are intensifying scrutiny over competition.

  • Britain’s antitrust watchdog recently criticized Microsoft’s licensing practices for disadvantaging smaller providers.

Why It Matters

  • Many organizations rely on multicloud strategies for resilience and flexibility, making transfer costs a significant factor.

  • By scrapping fees entirely, Google is positioning itself as the most customer-friendly provider ahead of stricter EU oversight.