Salil Parekh set to take charge as Infosys CEO today, co aims to bring back focus on revenue, biz strategy
Infosys, which spent most part of 2017 handling the public standoff between its high-profile promoters and the past leadership, will also announce its third quarter financials on 12 January.
Infosys' new CEO Salil Parekh 'perfect' choice for leading co, say IT experts; Narayana Murthy extends 'best wishes'
Infosys, for the second time, has chosen an external candidate to lead its operations after former CEO Vishal Sikka quit abruptly in August
IGATE has implemented VMware vCloud Suite to build a private cloud for its Center of Excellence (CoE) laboratory in Bangalore.
Under the agreement, MindSquare has acquired the entire Indian customer base of IGATE, along with its over 400 employees that provide remote and onsite IMS services to Indian customers of the US-based firm.
Ashok Trivedi and Sunil Wadhwani, the Indian-American co-founders and co-chairmen of IGATE, own 12.81 percent and 12.99 percent, respectively, of the shares and could collect more than $1 billion between them.
French IT services company Capgemini is all set to buy US-based IGATE Corp for $4 billion cash in a deal that will make North America its biggest market.
Former iGATE chief executive Phaneesh Murthy has "settled" all charges relating to a sexual misconduct case that had led to his sacking from the US-based outsourcing firm two years back.
US-based outsourcing firm iGATE has been slapped with yet another sexual harassment suit by an ex-employee, claiming that she was sexually abused by the firm's Legal Head and her supervisor.
Outsourcing firm iGate on Thursday reported a 7.5 percent rise in net profit at $33.1 million for the quarter ended December 31, 2013, helped by large deals in the North America and Europe
The RBI starting the year off with rate cuts and then reversing its stance on concerns about widening current account deficit. Fears that the US Federal Reserve will start cutting its bond purchase programme sooner than expected only added to the worries. Foreign funds pulled out of the Indian equities and debt in hoards.
"I hope to work with technology firms, which has been a significant part of my life," Murthy said.
Former iGate's CEO, Phaneesh Murthy, who was sacked in May on sexual assault charges, has filed a defamation and breach of contract case against the company.
With the executives choosing to move away from large companies, it seems the future is about mid-sized IT companies.
Moving towards a decentralised leadership model, IT services major iGATE today said it will give more freedom to its vertical heads to focus on markets like North America and Western Europe
US-based outsourcing firm iGate's former chief executive Phaneesh Murthy will no longer receive unvested stock options worth $7 million due to him between November this year and 2020 after he was terminated in May for not reporting a relationship with a subordinate.<br /><br />
US-based IT firm iGATE will pay its new CEO and President Ashok Vemuri a base salary of $1.3 million (about Rs 8.2 crore) along with an annual cash bonus of as much as $1 million (Rs 6.3 crore).
Ashok Vemuri, fromerly global head of manufacturing and engineering at Infosys, will be appointed as iGate president and CEO on Monday, 16 September, the US-listed Indian IT company said today.<br /><br />
Vemuri is not Phaneesh. But he might just be the right person to head iGate.