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IGATE PATNI
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 ties up with Rio Tinto to provide R&D and engineering servicesRio Tinto expects to spend around $60 mn to $80 mn over next five years of partnership. Partnership to focus on creating next gen tech.
- iGate Patni bets on product engineering biziGATE Patni expects nearly 25 per cent of its overall revenue to come from the product engineering services (PES) business in 2-3 years.
- iGate Patni to start PCS share buyback from 28th MarchMoving toward delisting of PCS, IT company iGate Patni will start buyback of the company's shares at a minimum price of Rs 356.74 apiece.
- Phaneesh Murthy's fast-track integration of Patni with iGate not going down well with investorsPhaneesh Murthy's fast-track integration, many fear, may be skewed in favour of iGate and its investors rather than Patni.
- 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.
- iGate Patni to hire about 5,000 in calendar year 2012"We will be hiring 4,000-5,000 people next calendar year - that will take our headcount over 30,000-people mark," CEO Phaneesh Murthy said.
- iGate Q2 net down 64% at $4 millionAcquisition costs dragged down profits of Nasdaq-listed iGate by 64% in the quarter ended June 30, 2011, to $4 million from $11.2 million i...
- iGate Patni Q2 net income plunges 93% on foreign exchange lossIT firm iGate Patni reported a decline of nearly 93 per cent in net income to Rs 10.8 crore for Q2, primarily on account of foreign exchang...
- Weyerhaeuser NR signs $30 mn deal with iGATE PatniiGATE Patni will leverage its on-demand infrastructure services capability to help Weyerhaeuser’s IT organization respond to a dynamic busi...
- iGate completes acquisition of Patni ComputersNasdaq-listed IT services company iGate announced a new go-to-market brand called 'iGate Patni' with a leaner 9-member executive team.
- Post-acquisition, Patni executives to make way for iGate leadershipThe changes are likely to be announced after the Patni board meeting on Thursday, where Narendra Patni, founder and chairman, will step dow...
- iGate shortlists Cognizant's veteran employee Debashis Chatterjee for COO rankCognizant's former employee Debashis had led its banking & financial services sector for over 7 yrs. After joining iGate, he may lead all v...
- iGate kicks off integration with Patni ComputersIndustry watchers say iGate might have to deal with high attrition and loss of clients and how it tackles this challenge will be key to suc...
- Patni - iGate: It's a win-win deal for both companiesThe integration of Patni Computer Systems with iGATE, expected to be completed in 12 months, offers multifold synergies to the combined ent...
- iGate & Apax to walk away with Patni for $1.2 bnAfter months of speculation and anxious moments for investors, employees and customers of Patni Computer Systems, iGate became the new owne...
- iGate-Patni deal: Tax tangle may delay the deal by a weekThe tax issues relate to Narendra Patni’s holdings in Patni Computer Systems, which are held through a US firm, Isolutions.
- iGate to control Patni with 60% stake buyNasdaq-listed iGate Corporation will sign definitive agreements to buy a controlling stake in Patni Computer Systems on Monday.
- Patni Board to meet on Monday to approve sale to iGateiGate corporation will buy around 60% stake in the company from the founders and private equity investor General Atlantic.
- iGate likely to win controlling stake in Patni ComputersNasdaq-listed iGate Corporation may end up as the winner of controlling stake in Patni Computer Systems after the promoters decided not to ...
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