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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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Infosys chair R Seshasayee should step down, says former CFO V Balakrishnan

Infosys chair R Seshasayee should step down, says former CFO V Balakrishnan

Wed, Feb 15, 2017

Infosys former CFO V Balakrishnan has asked the current chairman R Seshasayee to step down and the company to carry out forensic audi of the severance pay given to former senior management employees.

Infosys management did not make timely disclosures, says former CFO T V Mohandas Pai

Infosys management did not make timely disclosures, says former CFO T V Mohandas Pai

Tue, Feb 14, 2017

Infosys former CFO T V Mohandas Pai on Tuesday accused the company of not disclosing necessary details on Rajiv Bansal's exit with a high severance package of Rs 17.3 crore.

Infosys CEO Vishal Sikka Attempts To Quell Tensions With Company Founders

Infosys CEO Vishal Sikka Attempts To Quell Tensions With Company Founders

Tue, Feb 14, 2017

Infosys CEO Vishal Sikka Attempts To Quell Tensions With Company Founders. Watch the full segment for more details.

Disappointed with Infosys' explanation on issues: Balakrishnan

Disappointed with Infosys' explanation on issues: Balakrishnan

Tue, Feb 14, 2017

Infosys former CFO V Balakrishnan on Monday, said he was disappointed that the company did not offer "concrete answers" on matters like CEO compensation and severance pay to former executives, and insisted that the board need to take the "first step" to address the concerns raised.

Infosys for first time records negative growth in hiring; recruits about 6,000 people so far in FY17

Infosys for first time records negative growth in hiring; recruits about 6,000 people so far in FY17

Mon, Feb 13, 2017

A senior official of the Telangana Government on Monday said that Infosys for the first time has registered negative growth in its hiring for the fiscal year 2016-17 (FY17).

Infosys CEO Vishal Sikka attempts to quell tensions with company founders

Infosys CEO Vishal Sikka attempts to quell tensions with company founders

Mon, Feb 13, 2017

Infosys chief executive officer Vishal Sikka on Monday attempted to allay concerns over a corporate governance row between the software services firm and its founders stating that his relations with N R Narayana Murthy and co-founders were excellent.

Relationship with Infosys founders is 'wonderful': CEO Vishal Sikka

Relationship with Infosys founders is 'wonderful': CEO Vishal Sikka

Mon, Feb 13, 2017

After Bansal, Michael Reh, an executive VP, and David Kennedy, legal counsel were given huge severance pays when they decided to quit.

Infosys CEO Vishal Sikka to address investors today

Infosys CEO Vishal Sikka to address investors today

Mon, Feb 13, 2017

Sikka's participation was confirmed by a company spokesperson saying the event was scheduled much before these developments.

Sikka reaches out to Infosys' management team to assuage concerns

Sikka reaches out to Infosys' management team to assuage concerns

Sun, Feb 12, 2017

Sikka has reportedly advised senior management officials not to get distracted by the ongoing spat between the board and the founders, and instead focus on company's business and strategy.

LIC's stake in Infosys rises to 7.02%

LIC's stake in Infosys rises to 7.02%

Sat, Feb 11, 2017

The disclosure comes at a time when the company's founders and its board have clashed over the issues of corporate governance, CEO compensation and severance pay of former CFO.

Issue is not with Sikka, but with the quality of governance, says N Murthy

Issue is not with Sikka, but with the quality of governance, says N Murthy

Fri, Feb 10, 2017

Last year in May, the company had revealed that it has paid Rs 23.02 crore severance pay, salary and other benefits to outgoing Bansal.

Infosys admits differences exist between founders and its board

Infosys admits differences exist between founders and its board

Fri, Feb 10, 2017

India's information technology giant Infosys Ltd has denied any lapses in corporate governance. Although the company accepted that there are difference between the board and its founders.

Don't be distracted by gossip about Infosys, says CEO Vishal Sikka to employees

Don't be distracted by gossip about Infosys, says CEO Vishal Sikka to employees

Thu, Feb 09, 2017

Infosys CEO Vishal Sikka asked employees to keep a "sharp focus" on executing the company's strategy and not to get distracted by the ongoing gossip about the company.

Infosys defends pay hike to Sikka, says decision in company's interest

Infosys defends pay hike to Sikka, says decision in company's interest

Wed, Feb 08, 2017

The concerns raised include severance package of Infosys' former CFO Rajiv Bansal and ex-general counsel David Kennedy.

Wealth creation must for wealth distribution to happen: Mukesh Ambani

Wealth creation must for wealth distribution to happen: Mukesh Ambani

Wed, Jan 18, 2017

Ambani said one needs to see in terms of how humanity progresses and how the society progresses.

David Kennedy's departure from Infosys is a cause for concern, InGovern says

David Kennedy's departure from Infosys is a cause for concern, InGovern says

Tue, Jan 03, 2017

Kennedy will reveive a severance payment by the company when it was stated that no other directors apart from MD Vishal Sikka would be eligible for severance pay.

Road ahead not easy: Infosys CEO Vishal Sikka's letter to employees

Road ahead not easy: Infosys CEO Vishal Sikka's letter to employees

Tue, Jan 03, 2017

Cautioning Infosys employees against "lackadaisical" attitude towards greater value creation, CEO Viskal Sikka in a letter to them said "the road ahead is long and not easy."

Fearing tighter US visa regime, Indian IT firms rush to hire, acquire

Fearing tighter US visa regime, Indian IT firms rush to hire, acquire

Mon, Nov 28, 2016

Anticipating a more protectionist US technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States (US) and recruit more heavily from college campuses there.

Infosys CEO Sikka says Trump election may weigh on margins

Infosys CEO Sikka says Trump election may weigh on margins

Fri, Nov 18, 2016

Infosys` contingency plan for the case that the group would not be able to send low-cost developers to work with temporary work visas on big tech projects in the United States would be to hire staff locally, he said.

Infosys cuts forecast over 'uncertain' future

Infosys cuts forecast over 'uncertain' future

Fri, Oct 14, 2016

Infosys shares slumped 2.57 percent on the Bombay Stock Exchange in morning trade as a sluggish global economy hits India`s outsourcing industry hard with companies inclined to think twice before rushing to sign contracts.

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