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Vishal Sikka

Q3 Results: Infosys fails to sell Panaya, Skava assets - How Vishal Sikka's legacy gave sleepless nights to IT giant

Q3 Results: Infosys fails to sell Panaya, Skava assets - How Vishal Sikka's legacy gave sleepless nights to IT giant

Fri, Jan 11, 2019

Infosys had earlier classified its subsidiaries Kallidus & Skava (together referred to as "Skava”) and Panaya as “Held for Sale”.

Vishal Sikka's Panaya deal dents Infosys profit in 1HFY19 by $39 mn; all details inside

Vishal Sikka's Panaya deal dents Infosys profit in 1HFY19 by $39 mn; all details inside

Tue, Oct 16, 2018

For half year end of FY19, Infosys revenue stood at Rs 39,737 crore with growth of 14.7% YoY. While net profit was at Rs 7,721 crore increasing by 7.1% YoY.

This Vishal Sikka deal is a burden for Infosys; here's how

This Vishal Sikka deal is a burden for Infosys; here's how

Mon, Jul 16, 2018

Infosys posted 3.70% growth in net profit to Rs 3,612 crore in Q1FY19 compared to net profit of Rs 3,483 crore in the corresponding period of the same month.

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What kind of pay hikes did Infosys employees get in April? Attrition soars

What kind of pay hikes did Infosys employees get in April? Attrition soars

Sat, Apr 14, 2018

Infosys also announced it has cleared pay hikes for its employees. The tech major said that it has rolled out salary hikes ranging from "mid-single digit to high-single digit " for a majority of its employees. The salary hike would be effective from April onwards

Now, Infosys looking to sell controversy-ridden Vishal Sikka-linked Panaya

Now, Infosys looking to sell controversy-ridden Vishal Sikka-linked Panaya

Fri, Apr 13, 2018

Infosys on Friday announced its March quarter results with the net profit coming in at Rs 3,690 crore, a 28.2 per cent drop quarter-on-quarter. The IT major had reported a net profit of Rs 5,129 crore in the December quarter and Rs 3,603 crore in the same quarter last year.

Salil Parekh begins his new innings with Infosys

Salil Parekh begins his new innings with Infosys

Tue, Jan 02, 2018

Salil Parekh (53) has an experience of 25 years in a leading technology service provider, Capgemini, as member of the group executive board.

Salil Parekh who played vital role in Capgemini; now takes over as Infosys CEO

Salil Parekh who played vital role in Capgemini; now takes over as Infosys CEO

Sat, Dec 02, 2017

Salil Parekh a group executive board of the Capgemini, has now been appointed as the CEO and MD of Infosys. He will take the place of Vishal Sikka in Infosys from January 02, 2018.

Here's why Infosys' Q2 results threw a few surprises

Here's why Infosys' Q2 results threw a few surprises

Wed, Oct 25, 2017

There was an even bigger surprise which was the announcement that the management saying that there was no merit on the allegations of wrongdoing after reviewing the earlier investigations on the Panaya acquisition.

Infosys promoters offer shares worth Rs 2,038 crore for buyback

Infosys promoters offer shares worth Rs 2,038 crore for buyback

Sun, Sep 03, 2017

The promoters group -- which includes most of the founders and their families -- have expressed their intention to be part of Infosys' first buyback plan in its over three-decade history and have offered to tender a maximum of 1.77 crore shares.

Infosys seeks shareholder nod for Pravin Rao's appointment as MD

Infosys seeks shareholder nod for Pravin Rao's appointment as MD

Sat, Sep 02, 2017

India's second-largest software services firm Infosys has sought shareholder approval to the appointment of U B Pravin Rao as its Managing Director.

Nilekani will not receive any remuneration for his current post: Infosys

Nilekani will not receive any remuneration for his current post: Infosys

Sat, Sep 02, 2017

Infosys said Nandan Nilekani's office as director shall be subject to retirement by rotation and the remuneration proposed to be paid to him is nil.

Infosys saga indicative of industry-wide malaise

Infosys saga indicative of industry-wide malaise

Sat, Aug 26, 2017

The real story in the Infosys saga, however, does not lie in the intricacies of the company`s boardroom battles but the larger malaise that it highlights within the Indian corporates as a whole.

Nadan Nilekani goes down memory lane on return to Infosys

Nadan Nilekani goes down memory lane on return to Infosys

Sat, Aug 26, 2017

Nilekani, 62, who was CEO of Infosys from March 2002 till April 2007 and its Vice-Chairman subsequently, quit the company in 2009 to head the Unique Identification Authority of India as its first Chairman till May 2014.

Infosys will be a board-managed company; will hold talks with all stakeholders, says Nilekani

Infosys will be a board-managed company; will hold talks with all stakeholders, says Nilekani

Fri, Aug 25, 2017

Nandan Nilekani has been appointed as non-executive, non-independent director and chairman of Infosys on the backdrop of Sikka's exit from his post on August 18, 2017.

Timeline of Infosys saga in hard times

Timeline of Infosys saga in hard times

Fri, Aug 25, 2017

Among the issues red flagged by the promoters, especially N.R. Narayana Murthy were erosion in corporate governance, huge salaries to top executives, costly acquisition (Panaya) and a large severance package to an ex-CFO.

Nandan Nilekani is back at Infosys; ADRs rise 1.5%

Nandan Nilekani is back at Infosys; ADRs rise 1.5%

Thu, Aug 24, 2017

Key Highlights Infosys names Nilekani as non-executive chairman of the board of directors. UB Pravin Rao will continue as interim CEO and MD.

Investors want former CEO Nandan Nilekani to return to Infosys board

Investors want former CEO Nandan Nilekani to return to Infosys board

Wed, Aug 23, 2017

A group of 12 major institutional investors in Infosys Ltd has asked the Indian IT services company to bring former CEO Nandan Nilekani back on to its board to try to resolve a feud with the company`s founders.

Should retail investors tend their shares in Infosys buyback plan?

Should retail investors tend their shares in Infosys buyback plan?

Wed, Aug 23, 2017

Infosys is going through a difficult phase as its CEO and MD Vishal Sikka has resigned due to ongoing tirade with co-founder Narayana Murthy. The stock has fallen nearly 15% but can the share buyback plan stem the loss? What should retail investors do with their shares?

Buyback fails to cheer investors as nine brokerages downgrade Infosys since Sikka's exit

Buyback fails to cheer investors as nine brokerages downgrade Infosys since Sikka's exit

Mon, Aug 21, 2017

Vishal Sikka, CEO and MD, Infosys' resignation has sent shivers down investors' spine as the stock lost nearly Rs 27,000 crore in value. Moreover, a Rs 13,000 crore first-time-ever share buyback has so far failed to cheer sentiments as the stock continued to lose value on Monday August 21, 2017.

Narayan Murthy's shadow to loom large over search for Infosys CEO

Narayan Murthy's shadow to loom large over search for Infosys CEO

Sun, Aug 20, 2017

Infosys' search for a new CEO may not be an easy one as the pressure of being under the constant scrutiny of the firm's high-profile founders could see many candidates shying away, said industry leaders and experts.

Need of the hour is to keep the core of Infosys intact

Need of the hour is to keep the core of Infosys intact

Sat, Aug 19, 2017

It cannot be ignored that Narayan Murthy is the co-founder and has had a great stake in building the enterprise -- though the action of making the grievance public seems to have had a counterproductive effect.

Infosys approves Rs 13,000 crore share buyback plan after Sikka resigns

Infosys approves Rs 13,000 crore share buyback plan after Sikka resigns

Sat, Aug 19, 2017

After Vishal Sikka, Managing Director and Chief Executive Officer, Infosys resigned from the post, the company on Saturday approved Rs 13,000 crore share buyback proposal.

Vishal Sikka's resignation wipes off over Rs 22,500 crore from Infosys' market cap

Vishal Sikka's resignation wipes off over Rs 22,500 crore from Infosys' market cap

Fri, Aug 18, 2017

Friday turned out be a dramatic day for Infosys Vishal Sikka resigned from his post of MD and CEO with immediate effect. This was not taken well by investors. Share price of Infosys touched a four-year low of Rs 884.40 per piece – a level which was last seen on August 21, 2014.

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