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Hive India to invest in Pune-based IoT-enabled Big Data startup

Aug 11, 2014 at 14:00 | Source: VC Circle

The Hive India, a Big Data-focused early-stage fund floated last year by Amit and Arihant Patni- the sons of one of the co-founders of Patni Computer Systems, which was acquired by iGate in 2011- is close to investing in an IoT-enabled Big Data start...

Excl: Hive India to invest in Pune-based IoT-enabled Big Data startup

Aug 11, 2014 at 14:00 | Source: VC Circle

VCCircle_Hive_logo The Hive India, a Big Data-focused early-stage fund floated last year by Amit and Arihant Patni- the sons of one of the co-founders of Patni Computer Systems, which was acquired by iGate in 2011- is close to investing in an IoT ...

Enhanced Indo-Canadian ties beneficial for both: Canadian FM

Jun 15, 2014 at 16:27 | Source: Economic Times

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: Economic Times

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: FirstPost

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: VC Circle

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...

Phaneesh Murthy, Francisco D Souza among potential successors to Shibulal as Infosys CEO

Apr 11, 2014 at 19:36 | Source: Economic Times

Infosys on Monday said it has started a search for its chief executive SD Shibulal's successor and appointed search firms Egon Zehnder and Development Dimensions International to assist in identifying both external and internal candidates. The announ...

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: Economic Times

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: Economic Times

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: NDTV Profit

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: Economic Times

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...

Indian IT players like Wipro and Tech Mahindra expect opportunity in long-ignored Canada

Mar 04, 2014 at 05:12 | Source: Economic Times

BANGALORE: Indian IT's prospects brighten in the largest country in North America and home to companies such as Bombardier, BlackBerry, and RBC, as the outsourcers seek to find a balance between local job creation and the offshore delivery model. Som...

iGate bags $35 million deal from Sweden's Lansforsakringar

Feb 27, 2014 at 05:07 | Source: Economic Times

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, Myntra, Repco, Manipal, PVR, Cloudnine, AND Designs, International <b>...</b>

Feb 19, 2014 at 22:00 | Source: VC Circle

Credit Suisse and Avendus win awards for investment bankers of the year while Khaitan &amp; Co triumphs among law firms. The VCCircle Awards is India&#39;s only platform that recognises the best performing private equity or venture capital-ba...

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: NDTV Profit

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: Economic Times

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: Economic Times

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: FirstPost

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...

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