India`s Infosys approves up to $2 bln buyback of shares
(WorldNews Business)

(Adds detail on buyback, background) By Sankalp Phartiyal MUMBAI, Aug 19 (Reuters) - India`s second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company`s founders. The board of Bengaluru-headquartered Infosys approved the repurchase of 113 million shares at 1,150 rupees apiece, the company said in a stock exchange filing, returning cash to investors at a substantial premium to Friday`s closing price...