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SUJIT SIRCAR
Capgemini seeks nod for `excess' pay to executiveCapgemini Technology Services India is seeking shareholder approval for the remuneration offered in 2015-16 to Sujit Sircar, who was CFO of...- iGate CEO Ashok Vemuri resigns months after merger with CapgeminiVemuri, whose exit was widely speculated around the time Capgemini bought iGate, may walk away with a multi-million dollar exit package.
- iGate posts flat profit at $38 million, sees sequential decline in revenueThe firm has been hurt mainly by currency fluctuations that have also hit rivals such as Tata Consultancy Services and Infosys in the March...
- iGate CEO Ashok Vemuri takes home handsome package of $1.79 million; Sujit Sircar, Srinivas Kandula also make big bucksAs part of 2014 non-equity incentive plans, Vemuri also stands to make upto 5.71 crore on top of his total salary for 2014.
- iGate's chief accounting officer Prashanth Idgunji quitsIdgunji also served at the company’s principal accounting officer, a statutory role under US Securities and Exchange Commission regulations.
- iGate Corporation Q4 net profit up 14.6 per cent at $38 millionNet revenues at the US-based firm, which follows the January-December as fiscal year, rose 10.7% percent to $331.5 million in the quarter e...
- iGATE Q2 net at $3.1 million; takes $51.8 million one-time debt chargeThe firm had posted a net profit of USD 30 million in the year-ago period, it said in a filing with the US Securities and Exchange Commissi...
- iGate revenues rise 10 per cent in Q1The company added nine new customers during the first quarter, while its headcount grew by 1,102 people to 30,835 persons at the end of Mar...
- iGATE CEO Vemuri to get over Rs 1-crore as performance bonusVemuri, employed initially for a five-year term, will get an annual base salary of $ 1.3 million along with an annual cash bonus.
- iGate Q4 net income up 7.5% at $33.1 millioniGate reported 7.5 per cent increase in net income at $33.1 million for the quarter ended December 31, 2013, helped by large deals.
- iGate chief Ashok Vemuri to give unit heads more powerAt the meet, organised by brokerage Wells Fargo, Vemuri told analysts that he will work to bring in more decentralisation and verticalisati...
- iGate beats estimates; sales up 3.6% from June quarterAnalysts said the co may reinvest the benefits in hiring more US locals, especially as new immigration law makes it difficult to send engin...
- Weak rupee poses a big pricing problem for Indian IT firmsIndian IT firms are unable to realise the benefits of a weak rupee even as it presents a significant opportunity to gain edge over multinat...
- iGate gives large retention bonuses to top executivesiGate has given large retention bonuses to five of its executive officers. Each will get $1,50,000 on June 30, 2014, and $1,00,000 on Decem...
- iGate Q4 net jumps 110% to $ 32.2 mn; revenue growth marginaliGate today said its net income more than doubled to $ 32.2 million in the October-December quarter of 2012 on the back of corporate restru...
- iGate accepts Patni delisting offer of Rs 520 per shareiGate has received around 15.9 million shares so far and money has been kept in an Escrow account for easy payment.
- iGate Patni to invest $120 mn for expanding India facilitiesIT company iGate Patni said it has got approval for expanding its facilities in Pune, Mumbai and Bangalore at an investment of $120 million.
- Big change: Patni Computer's revenue model to turn outcome basediGate is also readying to de-list Patni for which it can raise up to $215 million in debt. The company holds 82% in Patni.
- Rupee volatility to affect revenues of IT companies like Infosys, TCS, MindTree, iGate Patni,Mphasis & WiproThe sharp depreciation in the rupee has been acting as a vital cog in determining the revenues and profitability of IT companies.
- IGate net up 54% to $17.9 MillioniGATE acquired Patni, for $1.2-billion in January. iGATE saw net margin increase to 23.7% against 20.1% in the corresponding quarter last y...
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