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IGATE CORP
Capgemini to rejig structure, finish iGate buyout by mid-2016Capgemini said it would complete the integration of iGate with itself by the middle of next year and will also put in place a new organisat...- CCI approves acquisition of IGATE Corp by CapgeminiFrench IT services company Capgemini's USD 4 billion deal to acquire IGATE Corp has got the approval from the Competition Commission.
- 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 staff see a ray of hope in acquisitionA Pune-based employee remembers the company, before the Patni acquisition, as a small setup which was trying to compete with the larger pla...
- iGate wins technology services contract from UBSUnder the terms of the contract, iGate will help UBS migrate towards a globally managed service for instrument reference data across all as...
- Rough road ahead for iGate post Phaneesh Murthy's sexual harassment scandalThe company has lost one $200 million technology outsourcing contract they had recently won and is likely to lose another one of similar va...
- Phaneesh Murthy may lose about Rs 84 crore as severance benefits from iGateMurthy, who was sacked yesterday for not disclosing a relationship with a subordinate, however, is entitled to a post termination benefit o...
- iGate can be $5bn co by value in 3 years: Phaneesh MurthyNasdaq-listed iGate Corp joined hands with private equity giant Apax Partners, triggering the biggest M&A deal in the Indian IT sector two ...
- Apax buys more stake in iGateThe investment gives Apax rights to hold around 26% stake in the offshoring company. This remains the largest PE-backed buyout in India til...
- CCI approves merger between two iGate group firmsCCI said that proposed combination "is not likely to have an appreciable adverse effect on competition in India".
- Apax Partners to introduce iGate to opportunities: Shashank SinghApax is focusing on helping iGate get more business from its own portfolio firms globally, Singh said.
- iGate promoters Sunil Wadhwani & Ashok Trivedi reduce stake by 3%, sell shares for Rs 147 croreThe two promoters together sold off a total of 15 lakh shares for about $ 27.4 million (Rs 147 crore) in an open market transaction.
- 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.
- 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 management get ready for integrationDeloitte has been appointed to advise on the best practices followed in integration of acquisitions, while Mercer will advise on the human ...
- ICRA places iGATE under rating watch with negative implicationRating agency ICRA today said it has placed the issuer rating of IrAA+ (I R double A) on iGATE Global Solutions Limited under rating watch ...
- iGate falls 11% after Patni dealNasdaq-listed IT services provider iGate Corp was hammered by US investors and its shares fell 11% following its announcement to buy larger...
- 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.
- ‘IT industry needs new business models’Phaneesh Murthy talks about the present global tumult and what it holds for the IT sector as a whole and Indian IT services firms.
- iGate Global to stop trading from Jan 25iGate Global Solution will stop trading on the stock exchanges from the closing hours of trade on January 25. This is ahead of its de-listi...
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