Information Technology servics firm iGate posted a 12.7 percent increase in its net income for the third quarter ended in September.
In 2012-13, Vemuri drew a basic salary of Rs. 3.89 crore (USD 708,000) along with a bonus of Rs. 1.02 crore (USD 190,978) at Infosys, taking the total to Rs. 4.91 crore.
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.
Recognised as an honouree in 'Managerial Professional for Information Security Project(s)' category.
Sharmila Joshi, Head of Equity of Peerless Securities advised buying Hexaware Technologies as it reported strong set of numbers during April-June quarter. "We upgraded our target from Rs 115 to Rs 135 on the stock," she adds.