Enhanced Indo-Canadian ties beneficial for both: Canadian FM
Jun 15, 2014 at 16:27 | Source:
TORONTO: India and Canada are on the cusp of a new era of commerce that will create jobs and benefit both economies, Canadian Finance Minister Joe Oliver said, underlining the need for boosting ties to tap the unrealised potential in energy, educatio...
Smaller IT companies gain from Infosys s talent exodus
Jun 01, 2014 at 13:12 | Source:
BANGALORE: The executive exodus at Infosys is proving to be a blessing for others in the IT industry, especially second-tier companies. Most of those who quit have promptly been absorbed in leading positions in other companies, reflecting the hunger ...
Infosys president BG Srinivas quits, 10th top exit in a year
May 28, 2014 at 20:56 | Source:
Bangalore: In an unexpected turn of events, Infosys board member and president BG Srinivas, considered a front runner for the CEO position, has quit.The resignation of Srinivas, who led key portfolios including financial services, manufacturing and p...
iGate co-founder Sunil Wadhwani's foundation puts $20K in iKure
Apr 14, 2014 at 11:59 | Source:
iKure Kolkata-based startup iKure Techsoft Pvt Ltd, which is into tech solutions for delivery of healthcare services in rural areas, has won over Rs 12 lakh ($20,000) at Sankalp 2014 from iGate co-founder Sunil Wadhwani's WISH (Wadhwani Initi...
iGATE profit declines 9%
Apr 11, 2014 at 17:22 | Source:
Calcutta Telegraph News
Calcutta, April 10: iGATE, an integrated technology and operations solutions provider, today posted a 9.19 per cent decline in net profit at $31.6 million for the first quarter ended March 31, 2014 against $34.8 million in the same quarter a year ag...
Ashok Vemuri abandons iGate revenue target set by Phaneesh Murthy
Apr 11, 2014 at 01:41 | Source:
BANGALORE: Ashok Vemuri has abandoned the lofty revenue target set by his predecessor Phaneesh Murthy eight months into his job as chief executive officer of iGate Corporation. Vemuri, a former Infosys board member who joined iGate in September last ...
iGate to sell bonds worth Rs 1,990 crore, use proceeds to repay debt
Mar 15, 2014 at 12:47 | Source:
NEW YORK: US-based outsourcing firm iGate today said it will sell bonds worth $ 325 million (about Rs 1,990 crore) and the firm intends to use the proceeds from the sale to repay a $ 770 million (around Rs 4,175 crore) debt. In January, the NASDAQ-l...
iGate to sell bonds worth $325 million to repay debt
Mar 15, 2014 at 11:59 | Source:
US-based iGate on Friday said it will sell bonds worth $325 million (about Rs 1,990 crore) to repay a $770 million (around Rs 4,175 crore) debt. In January, the NASDAQ-listed firm said that it had entered into a $360 million credit agreement in ...
iGate claims damages from Phaneesh Murthy
Mar 04, 2014 at 05:12 | Source:
BANGALORE: The iGate vs Phaneesh Murthy battle is getting uglier. iGate has filed a counter-complaint against its former CEO alleging the firm had suffered significant damages from the events following Murthy's failure to disclose his relationship w...
iGate bags $35 million deal from Sweden's Lansforsakringar
Feb 27, 2014 at 05:07 | Source:
NEW DELHI: IT firm iGate today said it has bagged a five-year contract with Lansforsakringar Alliance in Sweden worth USD 35 million. Lansforsakringar Alliance is one of Sweden's largest financial services institutions with business divisions coveri...
iGATE CEO Vemuri to get Rs 1-cr bonus
Feb 11, 2014 at 04:22 | Source:
The Hindu BusinessLine
Within six months of joining iGATE as CEO, Ashok Vemuri will get a performance bonus of $ 175,000 (about Rs 1.10 crore) for his strategic initiatives, which helped the US-based outsourcer grow revenues by over 10 per cent in the December quarter. Ve...
iGate CEO Vemuri to get over Rs 1 crore as performance bonus
Feb 10, 2014 at 20:00 | Source:
Within six months of joining iGate as CEO, Ashok Vemuri will get a performance bonus of $175,000 (about Rs 1.10 crore) for his strategic initiatives, which helped the US-based outsourcer grow revenues by over 10 per cent in the December quarter. Vemu...
iGATE CEO Ashok Vemuri to get over Rs 1-crore as performance bonus
Feb 10, 2014 at 18:11 | Source:
NEW DELHI: Within six months of joining iGATEas CEO, Ashok Vemuri will get a performance bonus of $ 175,000 (about Rs 1.10 crore) for his strategic initiatives, which helped the US-based outsourcer grow revenues by over 10 per cent in the December q...
Infosys narrows gap with TCS; long road ahead to steal its thunder back
Jan 26, 2014 at 14:52 | Source:
Call it the Murthy effect. Infosys, once the darling of the markets and job-seekers alike, looks set to arrest its descent, if the recent performance on Dalal Street is a sign of times to come. In the valuation game it's catching up with giant Tata C...
Ambani, Bajaj, Mahindra among Indian execs skipping WEF
Jan 23, 2014 at 12:57 | Source:
Davos: While the rich and famous from across the world have assembled here for their annual talk-fest and networking for business, many top Indian business leaders like Mukesh Ambani and Rahul Bajaj have given this year's WEF Annual Meeting a miss.Ot...
iGate Q4 net up 7.5%; to take up additional loan of $325-mn to fund debt
Jan 17, 2014 at 09:36 | Source:
New Delhi: Outsourcing firm iGate on Thursday reported a 7.5 percent rise in net profit at $33.1 million for the quarter ended December 31, 2013, helped by large deals in the North America and Europe.The US-based company also announced that it expect...
Europe role in HCL profit
Jan 17, 2014 at 03:47 | Source:
Calcutta Telegraph News
Jan. 16: IT services company HCL Technologies today posted a 58.4 per cent rise in profit for the quarter ended December 31, aided by a growth in Europe and contracts won in financial services, infrastructure and manufacturing. The Noida-based compa...