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Infosys next CEO to be from IT services only; Capgemini's Salil Parekh , Cognizant's Francisco D'Souza likely to be approached

Apr 21, 2014 at 09:16 | Source: Economic Times

BANGALORE: Infosys' search for its fifth chief executive officer—who will also be its first non-founder CEO—is limited to those working in the information technology services sector, people aware of the plan said, which means only a handful of I...

Infosys next CEO to be from IT services only; Capgemini's Salil Parekh , IBM India's former MD Shanker Annaswamy likely to be approached

Apr 21, 2014 at 03:31 | Source: Economic Times

BANGALORE: Infosys' search for its fifth chief executive officer—who will also be its first non-founder CEO—is limited to those working in the information technology services sector, people aware of the plan said, which means only a handful of IT...

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...

iGate Q1 net profit drops 9 per cent to $31.6 million

Apr 12, 2014 at 12:01 | Source: NDTV Profit

Outsourcing services firm iGate on Thursday reported a 9 per cent fall in net profit for the first quarter ended March 31, 2014 due to currency fluctuations, visa fee and also as it rationalises its client structure. The New Jersey-headquartered firm...

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...

iGate Q4 net up 7.5%; to take up additional loan of $325-mn to fund debt

Jan 17, 2014 at 09:36 | Source: FirstPost

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...

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