Nandan Nilekani, non-executive chairman of Infosys, has promised to bring stability back to India’s second-largest software exporter in spite of a “complex environment”. He, however, has a bigger task at hand — building a strong and independent board. The abrupt restructuring of directors and the board’s U-turn from accusing N R Narayana Murthy to almost apologising to the Infosys co-founder immediately after Nilekani’s return, have left observers concerned. Analysts say it is unclear whether Infosys would make the Panaya acquisition ...
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