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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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No change in share buyback plan after Sikka's resignation, Infosys says

No change in share buyback plan after Sikka's resignation, Infosys says

Fri, Aug 18, 2017

On August 17, Infosys share rose to as much as 5% after the company stated it will consider the share buyback proposal in its meeting to be held on August 19, 2017.

Narayana Murthy vs Infosys: 'Statements made by Infosys board below my dignity'

Narayana Murthy vs Infosys: 'Statements made by Infosys board below my dignity'

Fri, Aug 18, 2017

Infosys said that Murthy's continuous assault, including this latest letter, is the primary reason that the CEO, Vishal Sikka, has resigned despite strong Board support.

Infosys hits back at Narayana Murthy; says he is damaging the company

Infosys hits back at Narayana Murthy; says he is damaging the company

Fri, Aug 18, 2017

Attacking Murthy, Infosys said that Murthy has demanded that the Board adopt certain changes in policy, else he will attack board members in the public, which threat was carried out when the Board did not acquiesce.

Vishal Sikka's three year stint at Infosys comes to an end; A snapshot of company's performance in this time

Vishal Sikka's three year stint at Infosys comes to an end; A snapshot of company's performance in this time

Fri, Aug 18, 2017

Infosys has accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer with immediate effect.

MUST READ: Vishal Sikka's letter to Infosys employees

MUST READ: Vishal Sikka's letter to Infosys employees

Fri, Aug 18, 2017

Earlier today I resigned my position as MD & CEO of Infosys. Here is the mail I sent to our employees.

Vishal Sikka resigns from Infosys: Full text of his letter to the Board

Vishal Sikka resigns from Infosys: Full text of his letter to the Board

Fri, Aug 18, 2017

RESIGNATION EMAIL RECEIVED FROM THE VISHAL SIKKA, MD AND CEO BY THE BOARD OF DIRECTORS ON August 18, 2017.

Narayana Murthy gets his way; Vishal Sikka resigns from Infosys

Narayana Murthy gets his way; Vishal Sikka resigns from Infosys

Fri, Aug 18, 2017

Vishal Sikka, MD and CEO, Infosys has resigned from his position in the company.

Bring back Narayana Murthy as Chairman Emeritus of Infy: Mohandas Pai

Bring back Narayana Murthy as Chairman Emeritus of Infy: Mohandas Pai

Fri, Aug 11, 2017

"My personal view is Narayana Murthy should come back as Chairman Emeritus," he told PTI in an interview, noting that the role is not a legal position nor has it something to do with strategy-related matters.

After TCS, what will Infosys' Q1FY18 report card show?

After TCS, what will Infosys' Q1FY18 report card show?

Thu, Jul 13, 2017

In the last quarter, or Q4FY17, Infosys' consolidated net profit grew by 0.2% to Rs 3,603 crore as compared to Rs 3,597 crore in Q4FY16.

Here are 7 key things Infosys' Board said at 36th AGM

Here are 7 key things Infosys' Board said at 36th AGM

Mon, Jun 26, 2017

Infosys Board members during its recently held 36th AGM in Bengaluru on Saturday spoke on range of issues right from automation, corporate governance, compensation packages to layoffs and hiring plans in India. Find out, what are 7 key things Infosys' board said in its recent annual general meeting.

Infosys CEO gets clean chit in Panaya and Skawa deal case

Infosys CEO gets clean chit in Panaya and Skawa deal case

Mon, Jun 26, 2017

Infosys CEO Vishal Sikka was alleged to be involved in Panaya and Skawa deal for personal gains. However, post investigation, no such evidence was found and he was given a clean chit in the cases. About Zee Business --------------------------

Infosys investors blast board over 'infighting' with founders

Infosys investors blast board over 'infighting' with founders

Sun, Jun 25, 2017

Infosys` boardroom battles and the "open war" played out in the media between the board members and its founders since February came to the fore at the firm`s 36th Annual General Meeting (AGM) on Saturday.

No proof of wrongdoing by company in Panaya deal, Infosys says

No proof of wrongdoing by company in Panaya deal, Infosys says

Sat, Jun 24, 2017

An international law firm and a risk consultancy found no evidence of wrongdoing by Infosys in acquiring the US-based Panaya firm for $200 million in February 2015, the global software major said on Friday.

Indian IT not H-1B dependent, says Infosys CEO

Indian IT not H-1B dependent, says Infosys CEO

Thu, Jun 22, 2017

Sikka also believes that the Indian IT companies need to grab the opportunities provided by new technologies like artificial intelligence in a big way to retain its global leadership edge in this fast changing infotech environment.

Former immigration head Erin Green files lawsuit against Infosys in US for employee discrimination

Former immigration head Erin Green files lawsuit against Infosys in US for employee discrimination

Wed, Jun 21, 2017

Infosys former immigration head Erin Green has filed a lawsuit against Infosys on June 19 before a US district court in the Eastern District of Texas alleging employee discrimination and retaliation by its senior management and seeking damages from the firm.

Edelweiss maintains 'Buy' rating on Infosys; suggests target price of Rs 1,173

Edelweiss maintains 'Buy' rating on Infosys; suggests target price of Rs 1,173

Tue, Jun 20, 2017

After Infosys announced exit of its president and head- MRCL Sandeep Dadlani and appointments of global leaders last week, Edelweiss Securities is positive on its earnings growth as compared to its peers and has recommended 'Buy' rating on stock of Infosys at target price of Rs 1,173.

Infosys appoints Inderpreet Sawhney from Wipro as group general counsel

Infosys appoints Inderpreet Sawhney from Wipro as group general counsel

Fri, Jun 16, 2017

Infosys has announced key appointments on Friday. It has appointed former Wipro executive Inderpreet Sawhney as its group general counse. Besides, the company has appointed Karmesh Vaswani as the global head for retail, CPG and logistics (RCL) while Nitesh Banga as head for manufacturing.

$20 billion revenue target by 2020 looks difficult, says Infosys CEO Vishal Sikka

$20 billion revenue target by 2020 looks difficult, says Infosys CEO Vishal Sikka

Mon, Jun 12, 2017

Infosys CEO and MD Vishal Sikka in his recent interview to a leading business news channel said that achieving the $20 billion revenue growth target by 2020 looks almost impossible adding further that the target was put forward three years ago to give a glimpse of the way forward.

Infosys denies media reports on co-founders' stake sale; stock down nearly 2% in early trade

Infosys denies media reports on co-founders' stake sale; stock down nearly 2% in early trade

Fri, Jun 09, 2017

Infosys issued a statement on Friday denying media reports suggesting co-founders planning to sell entire 12.75% stake into the company.

Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India

Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India

Sun, May 28, 2017

Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.

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