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...
iGate Q4 net up 7.5 per cent; to take up to $325-million debt
Jan 17, 2014 at 02:00 | Source:
New Delhi: Outsourcing firm iGate on Thursday reported a 7.5 per cent 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 ...
Infosys future will not be compromised for leadership: Murthy
Jan 10, 2014 at 16:45 | Source:
Unfazed by the exodus of top executives, Infosys co-founder and Executive Chairman N R Narayana Murthy today said he wished luck to those who quitthe firm and said the company has a strong cadre of leaders and that its future will not be "compro...
Infosys appoints Pravin Rao, BG Srinivas as presidents
Jan 10, 2014 at 14:17 | Source:
Infosys, India's third largest software services firm by revenues, has appointed two senior executives as presidents, signaling the search for its next chief executive officer (CEO) is far from over.What came as a surprise, together with that announ...
The stock, currency, country and commodity for 2014
Jan 07, 2014 at 11:37 | Source:
NEW YORK (MarketWatch) — To consistently generate high, risk-adjusted returns year after year, both in bull and bear markets, investors are well advised to get into the habit of diversifying among different asset classes. Here, in my opinion, are ...
IT promoters cash in on stock gains
Jan 06, 2014 at 16:22 | Source:
BANGALORE: As technology stock prices touch new highs, some IT company promoters and senior management executives are selling significant volumes of their shareholding in these companies. Cognizant vice-chairman Lakshmi Narayanan has sold 2.02 lakh s...
IT companies annual bash boost 5-star hotels kitty
Jan 01, 2014 at 05:52 | Source:
BANGALORE/ MUMBAI: Information technology companies are loosening their purse string and are spreading the festival cheer among their employees despite tough business environment in the country. While Tech Mahindra hosted its annual party at the JW ...
From Murthy to Murthy: Top business newsmakers of 2013
Dec 31, 2013 at 16:18 | Source:
With the Lok Sabha elections drawing closer, business and economy made some big news this year. Inflation kept the UPA government and the central bank on their toes. Congress leader Rahul Gandhi, BJP's Prime Ministerial candidate Narendra Modi and P ...