Canada is a rapidly growing market for iGate Global. "We have seen a lot of traction around our consulting, IT and finance and accounting outsourcing services.
iGate has been hit with another sexual harassment suit by an ex-employee.
iGate Corporation, the integrated technology and operations company, on Thursday announced that its subsidiary iGate Global Solutions Limited has been ranked the top IT employer in India in Dataquest-IDC's 8th annual survey.
Bronstein, Gewirtz & Grossman is investigating claims on behalf of purchasers of iGate securities.
Sunil Wadhwani and Ashok Trivedi, co-founders, said: "The separation is a logical step for the company. Our board has reviewed the divestiture and believes it will benefit our shareholders, employees and customers."
The US-listed company, which has bulk of its employees in India, has appointed Gerhard Watzinger as interim chief executive with immediate effect.
Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.
iGATE and CAC intend to work together to provide technology solutions and support to Japanese Corporations with global presence. The primary purpose of the strategic alliance is to exploit the rapidly growing opportunities created by the overseas expansion of Japanese corporations, a release said. CAC will introduce high quality outsourcing service to its existing clients through the global service delivery footprint of iGATE.
Outsourcing company iGate Corporation on Wednesday said it has bagged a major five-year contract worth over $100 million (about Rs 598 crore) for providing global infrastructure services for insurance major MetLife, Inc.
Software firm iGate on reported a 19.42 per cent decline in its revenue at $44.8 million in the first quarter of 2009.
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).
Scam-tainted Satyam Computer Services has lost its value with customers moving out of the company, according to Phaneesh Murthy, chief executive of the US-based iGate Corporation.
Former Chief Justice S P Bharucha to oversee selection process, guide govt-nominated board.
The world economy has started showing signs of recovery but it will be a slow says Phaneesh Murthy, CEO, iGate Corporation.
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.
"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 Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
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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.
