Sexual harassment charge is fabricated: Phaneesh Murthy
In fact, while IT bellwether Infosys Technologies (his earlier employer) got a drubbing at the bourses for not posting "better than expected" results, iGate stumped investors a couple of days back by announcing it plans to buy back shares from the public and delist from the Indian stock markets, while remaining listed in the US.
A quick and decisive action in such incidents augurs well for the IT industry, feels the Nasscom Chairman.
He has to keep herd together, service massive takeover debt on Pat#8715 however, operational performance unlikely to be affected
Murthy is launching an online market place for healthcare products.
In an emailed exchange with Business Standard, iGate states the circumstances that led to Phaneesh Murthy's sacking.
IT firm iGATE on Thursday announced the successful completion of Patni acquisition and appointment of Phaneesh Murthy as CEO of Patni.
New Jersey bill repressive: Phaneesh Murthy
iGate sacked Murthy for violating company policy on relationship with a colleague. Since his termination was for professional misconduct, he may end up losing the severance benefits.
The US-listed company, which has bulk of its employees in India, has appointed Gerhard Watzinger as interim chief executive with immediate effect.
For iGate CEO Phaneesh Murthy, slipping into Patni's shoes as promoter of the company that bears the latter's name could prove one of the biggest challenges of his career.
In a discussion with Business Standard, Murthy shares the roadmap ahead.
Change in other variables would help in relaxing the effects of rupee appreciation
California-based law firm, Aiman-Smith & Marcy, said that iGate's head of investor relations Araceli Roiz was pregnant with Murthy's child.
It will charge for results instead of basing fees on the time and labour.
Phaneesh Murthy, CEO, iGATE, is one of few businessmen who openly said Obama's re-election is not the best news for IT outsourcing industry.
Satyam's director Tarun Das had earlier said that the company had been approached by Indian and international IT companies and that the board would decide on it. Reports have suggested that engineering major L&T has expressed interest in acquiring Satyam, while Tech Mahindra is interested in the telecom business of the Satyam group.
Former iGate CEO Phaneesh Murthy, who was sacked by the US-based IT services firm for failing to disclose his relationship with a subordinate in May this year, has slapped the company with a law suit.
iGATE Global Solutions said on Monday that it has appointed Mohan Sekar as chief delivery officer-IT services.
Head of Infosys' European arm, Srinjay Sengupta, has joined technology and operations firm iGATE Global Solutions as its chief sales officer, iGATE announced on Thursday.
Less than 1% cases in India are recorded as employers/owners usually sack the complainants; give negative feedback to the complainant during background checks.
Obama on Wednesday won a second term in office overcoming a stiff initial challenge from his Republican challenger Mitt Romney.
The software major Infosys Technologies on Friday said it has been served with the notice in second sexual harassment lawsuit filed against the company and its former director Phaneesh Murthy during the quarter ending December 2003.
Companies put in strict disclosure, job switch clauses in HR policies.
Legal fees in such cases can go up to Rs 5 crore.
iGate said these demands are not tenable and the NASDAQ-listed firm has approached the requisite appellate authorities.
Indian IT companies have played a big role in making US companies more competitive and have created more jobs than taking them away.
This brand change is in line with the vision of 'one company'.
The Nasdaq-listed company has announced increasing Murthy's annual basic salary from the present $530,000 million to $1 million, which along with the annual performance-based bonus opportunity of $500,000 million makes the total annual package to $1.5 million (about Rs 7 crore).
US-based iGate on Monday said it has acquired nearly 63 per cent stake in country's sixth largest IT firm Patni Computer Systems for $1. 22 billion.
Get your lowdown on what's happening in the Kannada film industry.
For the quarter ended September 30, 2011, iGate Patni had 26,216 employees compared to 26,395 people in the previous quarter.
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