Indian IT major Infosys drops plan to sell Panaya, Skava

Remember Panaya? It was among Infosys Ltd’s most ambitious buys that eventually became a bone of contention between founder Narayana Murthy and the then chief executive officer and managing director Vishal Sikka. Infosys then tried to exit the Israeli enterprise software management company after Vishal Sikka was forced out of the company. It has now shelved that exercise.