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iGate on lookout for acquisitions

Last Updated: Sunday, April 14, 2013, 14:02

In 2011, US-based iGate acquired nearly 63 percent stake in Patni Computer Systems (then India's sixth largest IT firm) for USD 1. 22 billion.

iGATE removes Patni from brand name

Last Updated: Monday, May 07, 2012, 11:02

The name ‘Patni’, representing Patni Computer Systems Limited, a majority owned subsidiary, has been removed from its brand identity.

iGate accepts Patni delisting offer of Rs 520

Last Updated: Monday, April 09, 2012, 18:54

US-based iGate Corporation Monday said it will offer Rs 520 per share to shareholders of Patni Computer Systems to get its Indian arm delisted from stock exchanges.

Rio Tinto signs pact with iGate Patni

Last Updated: Tuesday, March 27, 2012, 19:52

Rio Tinto expects to spend around USD 60 million to USD 80 million over the next five years on this partnership, both the companies said in a joint statement.

iGate Patni bets on product engineering biz

Last Updated: Monday, March 19, 2012, 11:53

Technology firm iGATE Patni expects nearly 25 per cent of its overall revenue to come from the product engineering services (PES) business in 2-3 years.

iGate Patni to invest $120mn for expanding India facilities

Last Updated: Wednesday, January 25, 2012, 20:29

The company has posted a net profit of Rs 90.27 crore for the same period a year ago.

Patni Computer rallies by over 18% on BSE on delisting plan

Last Updated: Thursday, November 17, 2011, 11:23

Defying the weak broader market, shares of Patni Computer Systems climbed by up to 18 percent in early trade on the bourses on Thursday after US-based promoter iGate announced plans to delist the domestic company from Indian bourses by mid-2012 to obtain full ownership.

iGate says plans to delist Patni Computer shares

Last Updated: Wednesday, November 16, 2011, 19:24

The delisting will be done through a reverse book building process, it said in a statement.

iGate Patni plans for big hiring

Last Updated: Friday, November 04, 2011, 18:15

IT firm iGate-Patni plans to hire about 5,000 persons next year, as it consolidates its business post the acquisition of Indian firm Patni Computer, with most of them being freshers.

iGate Patni Q2 net income plunges 93% on foreign exchange loss

Last Updated: Monday, July 25, 2011, 15:35

IT firm iGate Patni on Monday reported a decline of nearly 93 percent in net income to Rs 10.8 crore for the second quarter ended June 30, 2011, primarily on account of foreign exchange losses.

iGate Patni bags $30 mn IT deal from US firm

Last Updated: Monday, July 18, 2011, 11:49

IT firm iGate Patni Monday said it has bagged a contract worth USD 30 million (nearly Rs 133 crore) from US-based Weyerhaeuser NR to provide and manage IT infrastructure service operations.