<b>Street Food:</b> What Buffett says about buybacks

Indian companies could learn from his Berkshire Hathaway's repurchase policy

As winter breaks into spring, Dalal Street is also going for a change of season. From initial public offerings and other forms of share sale, companies are now taking a U-turn and embarking on a season of buying back their own shares.

The buyback season is led by the highest valued company – the Rs 4.88 lakh crore Tata Consultancy Services (TCS). And, Infosys and other large companies sitting on cash piles are likely to go for repurchase, too, as investors get restless.

This is unusual, as many stocks are already trading close to their life highs. The benchmark Sensex itself is