Former iGATE chief Phaneesh Murthy has joined the Board of Cigniti Technologies Inc.
The first step in the venture will be an online market place which connects chemists and druggists with consumers, PM Health & Life Care said in a release.
Last month, Murthy had said that all charges relating to a sexual misconduct case at US-based outsourcing firm iGate had been "settled".
The IT industry veteran, who continued to live in the US after the second alleged sexual misconduct was reported, said all issues with iGATE have been settled.
US-based outsourcing firm iGATE has been slapped with yet another sexual harassment suit by an ex-employee, claiming that she was sexually abused by the firm's Legal Head and her supervisor.
Murthy, one of India's best-known IT leaders, claimed in the law suit -- filed before a California court last Monday -- that iGate knew about his relationship with a subordinate employee and "improperly" used the reporting policy to terminate him.
Infosys insiders say V Balakrishnan's prospects for the top job brightened after Murthy's return to Infosys, prompting Vemuri to look elsewhere for a similar position.
iGate Corporation named Ashok Vemuri as its chief executive officer (CEO). Vemuri previously served as the Americas head and global manufacturing chief of Infosys.
Sources in the executive council (EC) at iGate reveal that Ashok Vemuri has emerged as the frontrunner for the post of CEO of the company. The board of the IT solutions firm will take a call based on a shortlist prepared by the EC, reports CNBC-TV18's Kritika Saxena, quoting sources.
iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.
Phaneesh Murthy may lose as much as about Rs 84 crore in severance benefits after being sacked by the US-based firm. However, is entitled to a post termination benefit of USD 6,000 per month till he and his spouse reach the age of 65
IT outsourcing company iGate Corp sacked Chief Executive Phaneesh Murthy after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.
Sajai Singh, employment law attorney and partner J Sagar Associates says, in an interview to CNBC-TV18, that the company is equally responsible for in a case of sexual harassment
NASSCOM Chairman Krishnakumar Natarajan said the board seems to have done a fairly thorough due deligence before taking the action.
The iGate CEO was sacked following an investigation into a relationship he had with a subordinate employee and a sexual harassment claim. Gerhard Watzinger, who earlier worked with iGate between 1998-2003, will replace him on an interim basis.
iGate Corp has sacked its President and CEO Phaneesh Murthy over sexual harassment claims. The company has named Gerhard Watzinger as the interim CEO and the board will now search for an industry veteran for a permanent appointment.
Indian shares were consolidating in the late morning trade on lack of corporate news and economic data points. Asian shares were trading mixed while US markets closed flat overnight.
On May 21, Nasdaq-listed iGATE Corporation sacked its president and CEO Phaneesh Murthy following a sexual harassment charge levelled against him.
With the Patni acquisition, iGate's Phaneesh Murthy has returned to the billion-dollar game in software outsourcing. To make it work, he will have to find his old touch quickly.
A year after it completed the acquisition of Patni Computer, iGATE Corporation on Monday announced new identity, dropping Patni from its brand name.
iGate accepted the discovered price of Rs 520 determined through a reverse book building process using the electronic facility of the BSE, in accordance with the SEBI Regulations.
Software services firm iGate will wait for three days before deciding on course of action in relation to the delisting of Patni Computer Systems, CNBC-TV18 said Tuesday, quoting iGate CEO Phaneesh Murthy.
Sharing experiences from his entrepreneurial journey, Phaneesh Murthy endowed entrepreneurs with the real gurumantra.
Phaneesh Murthy (CEO, iGate Patni) talks about his journey in the IT industry and shares an anecdote from his time at Infosys
Patni Computer Systems reported a better-than-expected 75% sequential rise in consolidated net profit for the fourth quarter at Rs 146.15 crore, based on US-GAAP accounting standards.