The share buyback proposal has been approved by Tech Mahindra's board
The IT minister said firms like TCS and Infosys have said they would recruit thousands of professionals in the current fiscal.
British Airways (BA) has not blamed any Indian IT firm for the massive flight disruption over the last weekend that hit more than 1,000 flights.
With the US hardening its stance on outsourcing, IT firms are under pressure to hire locals instead of taking Indian employees on work visas to client sites.
L1 visas facilitate the temporary transfer of a foreign worker in the managerial, executive or specialised knowledge category to the US to continue employment with an office of the same employer.
If anyone can change a challenge into an opportunity, it is Jaishankar, who famously called for India not to "demonize Trump" but to "analyze him"
There are concerns that the new government in the US, under Donald Trump, is likely to push for a stricter visa regime to curb "abuse" of H1-B and L1 visas used by foreign workers.
In a letter to Wipro employees, Premji urged them to increase their commitment to others and find common ground rather than focussing on conflicts.
India's export-driven IT outsourcing firms are likely to raise client fees and process more work from their centers in India to cushion the impact of an increase in fees for work visas in the United States, their top market, investors said.
India has just relaxed foreign investment limits in multiple areas ranging from defense to insurance but the U.S. visa hike may set off tit-for-tat reprisals.
Prime Minister Narendra Modi shared with US President Barack Obama the concerns of Indian IT industry and professionals on the proposed legislation in the US Congress relating to popular H1B and L1 visas.
After decades of low-margin work like server maintenance, India's information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients' needs.
Instead of selling out, many of them will divorce non-strategic clients to refocus; and make boutique acquisitions to boost IP assets.