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Coalscam: Court asks CBI to continue probe against company

Oct 15, 2014 at 12:39 | Source: FirstPost

New Delhi: A special court today ordered further investigation in a coal blocks allocation scam case, involving Vikash Metals and Power Ltd and its officials, in which the CBI had filed a closure report.The court also directed the CBI to file a furth...

Antony redflags Defence Ministry proposal on Rolls Royce

May 11, 2014 at 18:42 | Source: FirstPost

New Delhi: Defence Minister AK Antony has red-flagged a proposal of his own Ministry to continue doing business with the UK-based Rolls Royce, which is facing a CBI probe for allegedly paying bribes and engaging middlemen in contracts for supplying e...

Jashodaben-Modi issue: BJP counter-attacks, releases posters featuring Nehru, Mulayam Rahul

Apr 11, 2014 at 16:06 | Source: Economic Times

VARANASI: The Congress' attack on BJP's Prime Ministerial candidate Narendra Modi's revelation in his election affidavit in Vadodara saw his campaign office release a poster as a counter to what they termed as unnecessary propaganda. The poster, ava...

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 ...

CBI registers preliminary enquiry in Rolls Royce bribery case

Mar 21, 2014 at 23:45 | Source: FirstPost

New Delhi, March 21 (IANS) The Central Bureau of Investigation Friday registered a Preliminary Enquiry into the alleged bribery in the Rs. 18.8 crore deal for supply of aircraft engines to state-owned Hindustan Aeronautics Limited (HAL) by Britain's ...

Defence scam: Rolls Royce to return Rs 18 cr paid to commission agents

Mar 09, 2014 at 21:41 | Source: FirstPost

New Delhi: Facing the heat of a CBI probe in an alleged bribery scandal, British firm Rolls Royce has written to the state-owned HAL that it was ready to return Rs 18 crore paid by it to its commission agents to the government.The Defence Ministry or...

CBI probe set to begin in HAL-Rolls Royce bribery scam

Mar 09, 2014 at 11:10 | Source: FirstPost

The Central Bureau of Investigation (CBI), in the next couple of days,will register a preliminary enquiry into the alleged bribery in aRs 10,000 crore deal for supply of aircraft engines tostate-owned Hindustan Aeronautics Limited by London-basedRoll...

Short-stay accommodation portal Oravel raises funding from Lightspeed Venture <b>...</b>

Mar 07, 2014 at 11:59 | Source: VC Circle

Oravel had previously raised funding from startup accelerator Venture Nursery, angel investor Anand Ladsariya and Nirvana Venture Advisors&#39; co-founder Amit Patni. Delhi-based Oravel Stays Pvt Ltd, the company behind the online short-stay acco...

After ordering CBI probe in bribery charges, deals with Rolls Royce put on hold

Mar 03, 2014 at 21:56 | Source: FirstPost

New Delhi: The Defence Ministry has put on hold all existing and future deals with Rolls Royce pending a CBI probe ordered into allegations of bribery and engaging middlemen in contracts worth Rs 10,000 crore for supply of aircraft engines to state-o...

The media and the message

Jan 21, 2014 at 01:27 | Source: The Hindu BusinessLine

The tragic death of Union Minister Shashi Tharoor’s wife Sunanda Pushkar, whose body was found in a five star hotel in New Delhi on Friday evening, is a grim reminder of the negative fallout of social media. This arm of the media has revolutio...

Change of pecking order to loss of status, it all happened in our IT industry in 2013

Dec 31, 2013 at 14:12 | Source: Economic Times

In 2013, India's information technology outsourcing industry was witness to several notable events. Pecking orders changed, a bellwether lost its status, smaller competitors gained some ground, a legend returned to defend his legacy, his former prote...

Phaneesh Murthy to offer consultancy in business strategy, restructuring

Dec 15, 2013 at 18:32 | Source: The Hindu BusinessLine

After getting sacked from iGate as its CEO for not disclosing a sexual relationship with a colleague, Phaneesh Murthy is starting afresh and will offer consultancy services in areas like business strategy and restructuring. “I hope to work wit...

Phaneesh Murthy to offer consultancy services, seeks fresh start

Dec 15, 2013 at 14:44 | Source: FirstPost

New Delhi: After getting sacked from iGate as its CEO for not disclosing a sexual relationship with a colleague, Phaneesh Murthy is starting afresh and will offerconsultancy services in areas like business strategy and restructuring."I hope to w...

Phaneesh Murthy to offer consultancy in business strategy and restructuring

Dec 10, 2013 at 04:47 | Source: Economic Times

BANGALORE: Phaneesh Murthy, who was sacked from iGate as its CEO for not disclosing a sexual relationship with a colleague, has revived a partnership with his wife Jaya for the business advisory services company Primentor Inc. The company was co-foun...

Flutura Solutions secures capital from Patni brothers&#39; Big Data fund Hive <b>...</b>

Nov 21, 2013 at 20:00 | Source: VC Circle

Bangalore-based Big Data firm Flutura Solutions has raised an undisclosed amount in funding from Hive Technologies, the Big Data startup fund launched by Patni siblings—Amit and Arihant Patni. This is the fund&#39;s first investment since its l...

iGate chief Ashok Vemuri to give unit heads more power

Nov 20, 2013 at 05:47 | Source: Economic Times

BANGALORE: iGate will move away from the personality-led leadership style of former chief executive Phaneesh Murthy and give its unit heads more power, the Nasdaq-listed information technology firm's new boss Ashok Vemuri told analysts at a technolog...

Ashok Vemuri s entry sparks top-level exodus at iGate

Nov 16, 2013 at 12:42 | Source: Economic Times

BANGALORE: iGate is witnessing an exodus of top-level executives following the appointment of Ashok Vemuri as its CEO in September. The California-based, Nasdaq-listed outsourcing company, which does most of its delivery out of India, has seen at le...

Shibulal's role unclear as Narayana Murthy starts work to turn the tide for Infosys

Oct 20, 2013 at 05:32 | Source: Economic Times

Thirty-three years after NR Narayana Murthy had unwittingly locked up his junior colleague SD Shibulal in his office - asking him not to go home before finishing a complex piece of software - he seems to have done it again. But in 2013 Shibulal's se...

Infosys vice chairman Kris Gopalakrishnan joins IIT Madras board of directors

Oct 18, 2013 at 18:47 | Source: DomainB

Kris Gopalakrishnan, Infosys co-founder and executive vice chairman and president CII National Council, has been inducted into the board of directors of IIT Madras. "We are extremely proud to welcome Kris Gopalakrishnan to our board", said, IIT Madr...

iGATE Q3 net rises 12.7% on outsourcing orders

Oct 11, 2013 at 14:47 | Source: The Hindu BusinessLine

Nasdaq-listed iGATE has reported strong quarterly results in the third quarter ended September 30, driven by healthy outsourcing orders and a depreciating rupee. The company posted net profits of $31.9 million or a 12.7 per cent growth in the same p...

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