Patni stock run-up casts a cloud over delisting plan

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.

Patni likely to merge with iGate by 2012: Phaneesh Murthy

iGate may be all set to merge Patni with itself, if its delisting process comes through. That’s the word from Phaneesh Murthy. In an exclusive conversation with CNBC-TV18, Murthy said that he was confident that US clients will increase budgets, a complete contradiction from what the rest of the industry said.

May not delist Patni if deal not done at $215m: iGATE

In an interview with CNBC-TV18, Phaneesh Murthy the CEO of iGATE said they plan to arrange a debt facility of about USD 215 million to fund the share purchase.

Patni's new management mantra: Small teams more cohesive

Phaneesh Murhty in an interview with CNBC-TV18 said, "We need smaller teams working more collaboratively, more cohesively together. Pick the right people for the job and start with the much smaller team."