Just how much idle cash is India Inc really sitting on?

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In the past few weeks, IT companies Tata Consultancy Services Ltd (TCS) and Cognizant Technology Solutions Corp, have announced share buybacks. While TCS will buy 2.85% of its shares worth Rs 16,000 crore, Cognizant will spend up to $3.4 billion (Rs 22,751 crore at current exchange rates).Clearly, these two big ......