Infosys raises revenue growth outlook to 9%; proposes share buyback

Infosys raises revenue growth outlook to 9%; proposes share buyback

Infosys grew faster than its larger rival Tata Consultancy Services Ltd (TCS) in the December quarter (Q3), even as it announced Rs 8,260 crore share buyback programme. The strong show is expected to buoy the market and the sectoral indices that have been trading laterally over the week could move into a consolidation phase. During the period, the benchmark Nifty50 traded laterally, closing the week on 10,794 after opening it on 10,805 points.

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International Business Times, India Edition

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