Panaya News

Companies

Infosys drops plan to sell Panaya, Skava

Panaya was a bone of contention between founder Narayana Murthy and former CEO Vishal Sikka

2 min read11 Jan 2019
Companies

5 things to watch out for in Infosys Q2 results today

Infosys needs to grow at least 2.4% in the September quarter (Q2) to report 6.2% full-year dollar revenue growth

3 min read16 Oct 2018
Companies

Setback for Infosys as ex-CFO Rajiv Bansal wins severance pay case

Infosys says it will take legal advice for necessary actions to be undertaken in respect of Rajiv Bansal's severance pay

3 min read18 Sep 2018
Companies

Infosys struggles to sell distressed asset Panaya

Infosys is finding it hard to sell Panaya even at ₹582 crore, about 59% less than the ₹1,398 crore it paid in February 2015

3 min read20 Jul 2018
Market

Infosys wakes up investors from slumber

A subdued FY19 outlook and Infosys's decision to sell Panaya and Skava have irked investors, even as the Q4 results upset the calm that came with CEO Salil Parekh's appointment

2 min read14 Apr 2018
Companies

Infosys wipes out Vishal Sikka legacy, to sell Panaya, Skava

That Infosys has decided to let go of acquisitions of Panaya and Skava is the clearest sign yet of the firm heralding in the era of new CEO Salil Parekh

3 min read14 Apr 2018
Companies

Infosys’s struggles with M&A deals a test for new CEO Salil Parekh

The troubles with recent Infosys acquisitions, including those of Panaya, Noah Consulting and Skava, underscore the M&A challenges faced by the IT firm

4 min read18 Jan 2018
Opinion

Infosys future comes in a choice of three flavours

The Vishal Sikka-board saga has a clear message for the new CEO: Salil Satish Parekh can have Infosys in any flavour he wants, just as long as the co-founders like it too

3 min read4 Dec 2017
Companies

Infosys seeks to put Panaya acquisition row to rest with clean chit

While Infosys board's stand on Panaya acquisition may raise some questions, it's not seen as triggering a Narayana Murthy versus Nandan Nilekani fight

4 min read26 Oct 2017
Companies

Infosys gives clean chit to Panaya acquisition, Narayana Murthy ‘disappointed’

Narayana Murthy says his questions on Infosys's decision to buy Panaya and the high severance package to Rajiv Bansal and David Kennedy remain unanswered

4 min read25 Oct 2017
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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