* Patel says capital position of some state-run banks remains weak
MUMBAI, Aug 19 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.
* India's Finance Minister Arun Jaitley says effective supervision required to ensure company's functioning doesn't come to a standstill during insolvency process
MUMBAI, Aug 19 State-run banks will need a bigger recapitalisation to resolve bad loan problems weighing on their balance sheets, the Reserve Bank of India Governor Urjit Patel said on Saturday.
MUMBAI, Aug 19 The board of India's second biggest IT firm, Infosys Ltd, on Saturday approved a share buyback programme of up to 130 billion rupees ($2.03 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company's founders.
MUMBAI/BENGALURU The dramatic departure of Vishal Sikka as chief executive of Infosys, following a months-long public battle with the tech giant's founders, has left the company with another messy problem: how to find someone willing to replace him.