Infosys has announced its largest-ever share buyback, ₹18,000 crore at ₹1,800 a share, a 19% premium, its first in three years. The move has buoyed sentiment, lifting the stock 7% since Monday. But the timing is curious. Unlike its earlier buybacks during high-growth years, Infosys now faces slowing revenues, shrinking deal wins, and rising competition from nimbler mid-cap IT firms. Post-pandemic digitization tailwinds have faded, US tech spending is weakening amid policy uncertainty, and Europe remains sluggish. GCCs and AI-driven cost cuts are further eroding pricing power. Meanwhile, Infosys spends less than 1% of revenue on R&D even as global peers bet big on AI. With growth faltering, should it be using its ₹24,500-crore cash pile to reward shareholders—or to reinvent itself for the future? Market Watch📈 Nifty extends winning streak! Indian markets closed higher on Friday, with gains led by sustained buying interest. Nifty 50 rose 🔼 0.43% to 25,114 This marked the Nifty’s 8th straight daily gain, its longest winning streak in a year. ⚡📊 Premium reads‘The Paper’ review: ‘The Office’ has a worthy spinoff Trent: With limited benefits from GST cuts, all eyes are on growth pick-up GST cut gives drones a lift, but supply chains remain a chokepoint Cinemas bring back restored classics but box office draw remains elusive HIRE Act: The tax on India’s talent — and why the country must push back Why monochrome dressing rules red carpet fashion GST 2.0: It has a big multiplier benefit for MSMEs that the Modi government is betting on Navigating urban love: The hidden costs of hobosexuality Today in HistoryValve launched the first public release of Steam, its digital distribution platform for computer games. Initially designed for automatic updates of Valve titles, Steam soon evolved into the world’s largest PC gaming marketplace, transforming how games are bought, updated, and played globally. Love a Mint story? Here's how to support it.Do you have a favourite writer at Mint? Every day, we strive to publish stories that need to be told, and your digital subscription makes all the difference. It tells us we’re on the right track and helps us continue delivering the in-depth journalism you rely on. If you’re not yet a subscriber, now’s the perfect time to join! Starting today, many of our staff writers are sharing special, personalized discount coupon codes. So if there's a Mint writer whose work you admire, reach out to them on social media or via email and ask for their unique coupon code! (And if you're already a subscriber, a quick note telling them you appreciate their work would still make their day!) Note: The coupon codes are available only with in-house writers, and not our external columnists. If your request for a code fails, please write to me at siddharth.sharma1@livemint.com. Thanks for reading! Edited by Rashmi Sanyal. Produced by Shashwat Mohanty.
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शुक्रवार, 12 सितंबर 2025
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