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Indian software companies fund stock buybacks as acquisitions remain scarce

MUMBAI (NewsRise) -- As their share prices fall, India's cash-rich software exporters are rushing to buy back their own stock rather than investing in new technologies or buying other companies, a trend that's underlining concerns about the future of these former business pioneers.

With the traditional outsourcing model under assault from advances in automation and cloud computing and a more protectionist stance in some western countries, firms such as Tata Consultancy Services and Infosys need to find new ways to grow.

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