"Japan currently accounts for 5 per cent of our revenues but we see this touching 9 per cent in the next three years. Business from Japan grew almost 35 per cent last year and we expect healthy growth from this region," said Deepak Khosla, senior vice-president and head, Asia-Pacific. Patni company has been in Japan for over 10 years but, in the past two years, the momentum of deals has increased considerably.
For the quarter ended September 30, 2011, iGate Patni had 26,216 employees compared to 26,395 people in the previous quarter.
IT consultancy and services provider Patni Computer Systems has acquired US-based The Reference, a financial and investment solutions provider, for $7.5 million in cash, including its 44 existing employees.\n\n
Jahid Patni, deported from Dubai recently, was arrested Saturday and remanded by a special court to police custody till December 15.
Patni Computer Systems Ltd, which was listed on the stock exchanges recently, has posted a net profit of Rs 166.05 crore for the year ended December 2003.
Patni Computer Systems has completed the acquisition of US-based Cymbal Corporation for $68 million, helping it enter the $60 billion telecommunication vertical for IT services.
The deal is multi-million pound multi-services telecom contract with The Carphone Warehouse, Britain's largest independent retailer of mobile communications. \n
Home appliances major Electrolux on Tuesday said it will invest Rs 40 crore (Rs 400 million) by 2007 in a research and development centre here, besides sourcing IT services from Patni Computers as well as components from India.
Patni Computer Systems Ltd will spend Rs 1 billion ($23 million) to set up a new software development centre in Pune, the company informed the Bombay Stock Exchange said on Thursday.
The suspected LeT operative allegedly masterminded the August 25 bomb blasts at Gateway of India and Zaveri Bazaar and the July 28 Ghatkopar explosion.
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Patni Computer Systems Ltd, which concluded its initial public offering earlier, will list its shares on the Bombay Stock Exchange on February 25, 2004.
Patni Computer Systems Ltd will set up a development centre in China, mainly to cater to the Japanese software market, a company executive said on Thursday.
While iGate leaps into the $1-billion club, the combined entity will have a larger offering, better pricing power and scope to improve margins. Nasdaq-listed software firm iGate's acquisition of Patni Computer Systems was received positively by the market. On a day when the Sensex was down 2.4 per cent, the Patni scrip closed 0.8 per cent higher at Rs 463.85.
Patni Computer Systems Ltd said on Monday it has acquired ZAiQ Technologies, a small ASIC design company, in Woburn, Massachusetts, by an asset purchase transaction for $425,000.
Under this programme, employees can work on innovative ideas, for which the firm will provide funding and help in setting up a team. The programme is part of the company's initiative to allocate 10 per cent of their cash reserve to initiatives that are technology-led.
Eldest brother may buy part of the shares; private equity to pick up rest.
Patni Computer Systems, through its wholly owned subsidiary in the United States, has entered into an agreement to acquire Cymbal Corporation for a total consideration of approximately $68 million 'in cash to be paid over a period of time.'
IT firm iGate Patni on Monday said it has bagged a contract worth $30 million (nearly Rs 133 crore) from US-based Weyerhaeuser NR to provide and manage IT infrastructure service operations.
Patni Computer Systems Ltd on Monday said it would raise up to $150 million additional capital by the issue of American Depository Receipts.
Patni Computer Services Ltd on Wednesday reported 92.8 per cent increase in its net income for the first quarter ended March 31, at Rs 120.03 crore ($27.8 million) compared to Rs 64.25 crore ($14.4 million) in same period last year.
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However, the Carlyle-Advent consortium could revise its bid upwards, said two independent sources tracking the deal.
The Delhi High Court allowed the entertainment channel to continue its reality TV show Pati Patni Aur Woh, by staying the National Commission for Protection of Child Rights order to cease telecast.
Patni Computer Systems said that the US-based IT firm iGate has made an open offer for the 20.6 per cent stake in the company, in accordance with the requirements of the market regulator Securities and Exchange Board of India (SEBI).
On the back of appreciated margins, Patni Computer Systems on Monday a rise in net profit at Rs 72.44 crore (Rs 724. 4 million) during the fourth quarter ended December 31, 2004 as against Rs 62.94 crore (Rs 629.4 million) in the corresponding period
The channel states that it is not in agreement with NCPCR's position and will take all steps to protect its broadcast rights.
The offer comprises of 5.12 million primary ADSs, 1.75 million secondary ADS and up to an additional 1.03 million primary ADSs under the over-allotment option given to the underwriters, it said.
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'We made a mistake. We misunderstood. Now all is well.'
Information technology firm Patni Computer Systems on Thursday said its earnings for a financial period could be affected
Patni Computers on Tuesday announced a 21.9 per cent increase in its net income for the first quarter ending March 31, 2005 at Rs 68.22 crore (Rs 682.2 million) as compared to Rs 55.96 crore (Rs 559.6 million) during the same period in the previous f
While mostly corporates, including established names and little-known ones, went for the top-denomination bonds, there were also several individuals who bought multiple such bonds.
The year 2011 seems to have begun on a good note for merger and acquisition deals in India, as the first transaction of the year -- $1.22 billion acquisition of Patni Computer by US-based iGate -- has been a billion-dollar plus deal.
Patni Computers Systems Ltd is to hit the capital market with book-built initial public offering in the price band of Rs 200-230 per share of Rs 2 each.
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