News digest: Infosys AGM, airlines raise luggage fee, and more

The 65th edition of the Cannes Lions Festival of Creativity ended on a high note on Friday with India taking home 21 Lions, including two Grand Prix trophies

Panaya pain haunts Infosys; Parekh assures stronger due diligence in AGM
 
The Panaya and Skava issues dominated the discussion at the 37th annual general meeting of Infosys on Saturday, with shareholders questioning the board’s decision to acquire the two firms and then sell them. Constant buying and selling of subsidiaries, they said, proved to be a drain on the cash flow of the company, eroding shareholders’ wealth. They also flagged up concerns about the rising number of loss-making subsidiaries. Read more
 
Airlines couldn't hit you with fare hikes, so they've raised luggage fees

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