National

Five things to watch out for today

| Updated on January 13, 2018 Published on February 20, 2017

Feb20Fivethings

The 2017 IPL players auction will be held in Bengaluru today. The eight franchises will go into the auction with a total purse of ₹143.33 crore. With squad sizes limited to 27, a maximum of 76 players (including 28 overseas) can be bought at the auction.

Starting today, we will have yet another mode for digital payments. Developed jointly by Visa, MasterCard and Rupay, the payments solution-- IndiaQR--will be based on the quick response code. Like the BHIM app, IndiaQR will work across banks and is promoted by the government.

The board of Tata Consultancy Services will meet to consider a buyback. IT companies sitting on huge cash piles are under pressure to return excess cash to shareholders. Cognizant has announced that it will return $3.4 billion over the next two years to its investors through buybacks and dividends. MphasiS has approved a buyback worth a little over ₹1,100 crore.

Two pleas seeking compensation to people affected by the oil spill along the Chennai coastline will come up for hearing at the National Green Tribunal. The Central Pollution Control Board is likely to submit its assessment report on the oil spill before the tribunal.

Arguments on maintainability of petitions filed by two firms controlled by Cyrus Mistry's family against his ouster from Tata Sons will resume at the National Company Law Tribunal. Mistry firms' petitions alleged mismanagement at Tata Sons and oppression of minority shareholders, and demanded that Cyrus Mistry's dismissal as a director on Tata Sons board be set aside.

Published on February 20, 2017
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