Podcast | Editor’s pick of the day – What is a share buyback?

Even as share buybacks are getting a bipartisan pounding in the US Congress, where critics have argued that such buybacks are bad for the overall economy, there is enough research to show that corporate profits grow fastest when companies give more money back to shareholders, not less.

The questions we are addressing on our explainer today are - what are share buybacks? Are they a good idea for the company or the shareholder? Why is there a new resistance to them in the US? And what does this buyback mean for Tech Mahindra. These issues addressed on this episode of Pick of the Day with me Rakesh Sharma on Moneycontrol.