Royal Bank of Canada, a leading North American financial service organization, will set up a representative office in India to explore possibilities of business opportunities in rapidly growing financial sector.
According to reports in the Canadian media, iGate was allegedly using temporary foreign workers to replace the bank's existing staff.
The French IT services company had said it would buy IGATE for $ 4 billion in an all-cash deal.
The first phase of integration is already over
IGATE's shares closed on Nasdaq on Friday at $45.85.
iGate Corp, the Nasdaq-listed information technology (IT) services company, on Thursday posted better-than-expected numbers for the quarter ended September 30, backed by impressive performance by some of its key verticals such as banking, financial services & insurance (BFSI), manufacturing and health care.
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