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iGate Q1 net profit declines 9% to $31.6 million

Last Updated: Thursday, April 10, 2014, 19:06

IT firm iGate Thursday posted nine percent decline in net profit to USD 31.6 million for the quarter ended March 31, 2014.

iGate to sell bonds worth $325 Mn;use proceeds to repay debt

Last Updated: Friday, March 14, 2014, 23:02

US-based outsourcing firm iGate today said it will sell bonds worth USD 325 million (about Rs 1,990 crore) and the firm intends to use the proceeds from the sale to repay a USD 770 million (around Rs 4,175 crore) debt.

iGate bags $35 mn deal from Sweden's Lansforsakringar

Last Updated: Wednesday, February 26, 2014, 19:16

Lansforsakringar Alliance is one of Sweden's largest financial services institutions with business divisions covering life, non-life and banking markets.

iGATE CEO Vemuri to get over Rs 1-cr as performance bonus

Last Updated: Monday, February 10, 2014, 18:41

Besides, the company's compensation committee approved Vemuri's annual performance-based incentive compensation for 2014 with a target annual bonus of USD 500,000.

Sexual harassment at workplace - violence in disguise

Last Updated: Friday, January 03, 2014, 13:46

Unlike India sexual harassment laws are gender neutral in most parts of the world.

iGate bags $80 mn contract from Orange Switzerland

Last Updated: Wednesday, December 18, 2013, 18:44

iGate will take responsibility for transforming and managing all enterprise systems, including ERP, business intelligence, infrastructure and data network and telephony services, the US-based company said in a statement.

Phaneesh Murthy drags iGate to court

Last Updated: Monday, December 09, 2013, 16:06

The disgraced former chief executive has also claimed iGate withheld vested stocks worth about USD 17 million due to him.

iGATE firms up new strategy under CEO Vemuri

Last Updated: Monday, November 25, 2013, 23:09

In August, Vemuri resigned as the head of North America region at India's second largest software firm Infosys to take on as iGATE's CEO following Murthy's sacking.

iGATE inks credit pact for $360 mn loan facility

Last Updated: Monday, November 25, 2013, 20:13

The agreement will help the US-based company save about USD 105 million worth of interest over a period of five years.

iGate bags multi-year deal from UBS

Last Updated: Wednesday, November 06, 2013, 19:19

IT firm iGATE Wednesday said it has secured a multi-year contract from UBS AG to provide financial instrument data services worldwide for the global financial services firm.

iGate Q3 Net up 12.7% at $31.9 million

Last Updated: Thursday, October 10, 2013, 17:43

Outsourcing firm iGate Thursday reported a 12.7 percent increase in its net income at USD 31.9 million for the third quarter ended September 30, 2013.

iGATE to pay CEO Vemuri more than double his Infosys package

Last Updated: Tuesday, September 17, 2013, 23:42

Vemuri's package at iGATE works out to more than double the amount he received at Infosys where he was Head of Americas and Global Head of Manufacturing and Engineering.