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Banking and Financial News Headlines

India's Infosys approves up to $2 bln buyback of shares

The board of India's second biggest IT firm, Infosys Ltd, on Saturday approved a share buyback programme of up to 130 billion rupees ($2.03 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company's founders.

IEX plans to nab listings from rivals with cheaper, simpler fees

A year after disrupting the U.S. stock market with a new approach to handling trades, upstart stock exchange operator IEX Group is planning to nab listings from rivals by charging simpler, cheaper fees, Sara Furber, IEX's head of listings, said in a recent interview.