IT firm iGATE on Thursday announced the successful completion of Patni acquisition and appointment of Phaneesh Murthy as CEO of Patni.
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.
iGate Patni is all set to compete with the likes of IBM, Accenture, Infosys and Congnizant.
In 2017, when Infosys announced that Salil Parekh would be its next chief executive officer (CEO) and managing director (MD), very few in the industry or the analyst community doubted his ability to bring the company back to a healthy growth trajectory, improve morale within the company and, more importantly, win the promoters' trust and investor confidence. There were reasons for this confidence. He was not only the deputy CEO of the Paris-headquartered IT services major Capgemini, but also one of the only non-European faces on the executive board of the company.
Obama on Wednesday won a second term in office overcoming a stiff initial challenge from his Republican challenger Mitt Romney.
Predicting that the IT market would continue to grow over the next 3-4 years, a top official of iGate Global Solutions on Wednesday said there was a sense of urgency on the part of large US companies to do technology work in India.
For Paris-headquartered IT services major Capgemini, India has always been the backbone of its services delivery for its global clients, but the company is focused on driving more value from India as it gears up its engineering research and development (R&D) presence worldwide with its acquisition of Altran Technologies. The company, which has about 149,000 employees in India, is looking to hire 60,000 associates this year. Of them, 30,000 will be recruits from campuses and the rest lateral entrants. For Ashwin Yardi, chief executive officer India, Capgemini, the focus is to make sure that the India unit is aligned with the global plans of repositioning the company as a hub of engineering R&D, operational technology, and IT.
Murthy is launching an online market place for healthcare products.
Family office basically caters to the investment - financial and non-financial - needs of a family and its members.
In Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution.
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.
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
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.
It is a well-known fact that he was brought into Patni with an intention to bridge the revenue gap between the company and its peers as well as to try and extract a better valuation for the company for a possible sale.
Tutorvista teaches 20,000 students, 95 per cent of them from the United States. The rest are from 24 different countries. Ganesh plans to enter the United Kingdom, Canada and Australia next year.
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.
While it was too much of money in hand and a high-flying corporate career to sacrifice, the thrill and adventure to control her own destiny tilted the balance in favour of entrepreneurship for Jessie Paul, who quit a Rs 60 lakh per annum job at Wipro to start her own company.
The current talks on stake sale by its promoters at India's seventh largest information technology services company, Patni Computer Systems, seem to be in the final stages. Whichever way the deal swings, analysts feel the company will lose some business.
"Satyam will give us the scale. This will make us stronger," says Phaneesh Murthy, CEO of the Freemont (California)-based IT services provider, iGate Corporation, and one of the suitors of the beleaguered IT corporation.
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.
NASDAQ, the world's largest electronic equities exchange, is looking to acquire equity position in National Stock Exchange of India Limited.
Change in other variables would help in relaxing the effects of rupee appreciation
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
Despite encouraging quarterly results of IT companies like Infosys, iGate and Mastek, technology stocks have had a poor showing, with share prices falling between 2 to nearly 17 per cent, mainly due to global weakness in the sector, strengthening rup
The company will expand operations by middle of 2006.
A leading American information technology expert and iGATE Global Solutions director Ed Yourdon on Tuesday said the "next big thing" may emerge from India which may not be on the radar screen of IT majors for innovations.
External investigators say case of 'gender insenstivity'.
Offline stores dominate the retail market and will continue to do so.
Balakrishnan, head of the BPO, Finacle and India business units at Infosys, is widely seen as a contender for CEO after the incumbent S D Shibulal's term ends in 2015.
The Bengaluru-headquartered company said the 'draft assessment order' from tax authorities for 2008-09 fiscal has arised primarily due to denial of deduction under section 10A of the Income Tax Act, 1961, in respect of profit earned by its undertaking in the Software Technology Park at Bengaluru.
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy, a Washington-based non-profit think-tank, said.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
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After setting up a committee under N Rangachary last year to look at taxation issues regarding the sector, the government has issued several notifications in the last eight months.
India's top metro cities need to improve their infrastructure and other civic amenities too.
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