Infosys Acquires Automation Tech Firm Panaya For $200 Million

Infosys, on Monday, announced that it had signed a definitive agreement to fully acquire U.S.-based automation technology provider Panaya for an enterprise value of $200 million. This is the company’s second largest acquisition after it acquired Zurich-based consulting company in 2012…

Slow Cloud Computing Growth Pushes Oracle Profits Down 12%

Unable to cash in on the cloud computing growth and due to heavy discounts on its products, Oracle India's profits saw a decline of 12 per cent in 2013-14 to Rs 297 crore. Oracle's rival SAP, which has been quite…