Infosys’s share buyback: A playbook for Indian IT firms to catch up with AI?

Markets on Friday cheered Infosys Ltd’s ₹18,000-crore share repurchase plan, a playbook analysts expect India’s top IT services firms to borrow to shore up investor confidence while they catch up with artificial intelligence and other new-age technologies. Infosys shares ended the day’s 1% higher on NSE, a day after it announced its fifth share buyback since its first in 2017. But the company’s spending report card raises an important question: Is India’s second-largest information technology services vend ...