Phaneesh Murthy launches health and lifecare venture

Entering a new arena, former iGate CEO Phaneesh Murthy is launching an online market place for healthcare products and services in partnership with four professionals.

Phaneesh Murthy launches health and lifecare venture

Entering a new arena, former iGate CEO Phaneesh Murthy is launching an online market place for healthcare products and services in partnership with four professionals.

Phaneesh Murthy drags iGate to court

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

iGate appoints Ashok Vemuri as president and CEO

Outsourcing firm iGate has appointed Ashok Vemuri as President and Chief Executive Officer with effect from September 16.

Class action lawsuit against iGate in the US dismissed

A class action suit filed against iGate and Phaneesh Murthy in the US has been dismissed and neither the company nor its disgraced former CEO has made any payment in this connection, the IT services firm said Friday.

Class action suit filed in US against iGate over Murthy affair

The suit has been filed on behalf of persons or entities who purchased or acquired securities of iGate between March 14, 2012 and May 21, 2013.

Phaneesh Murthy removed from iGate’s board

Murthy, who was sacked on May 20 this year as iGate's chief executive for not disclosing a relationship with a subordinate, ceased to be its board member effective Friday.

Apax confident iGATE will survive Murthy-gate turmoil

PE fund Apax Partners, which has sunk in over USD 350 million in iGATE, says it is confident that the IT services firm will undergo "seamless" transition following the exit of Phaneesh Murthy and achieve its long-term goals.

Phaneesh Murthy sexual harassment case to be settled out of court?

The firm has also told the website that majority of cases in the US settle out of court instead of going to trial.

iGATE shares fall over one per cent in early trade

Continuing its downward trend for the third straight day, shares of iGATE Corp today declined by over one per cent to USD 14.01 in early trade, after fresh allegations against its sacked chief executive Phaneesh Murthy hit headlines.

Sexual harassment at workplace - violence in disguise

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

Pregnant Araceli Roiz to sue Phaneesh Murthy

Disgraced IT executive Phaneesh Murthy and his former employer iGate Corp will be sued by the firm's investor relations head for alleged sexual harassment, the victim's law firm said Thursday.

Phaneesh Murthy may lose $15 mn as severance benefits from iGate

Murthy, who was sacked on Tuesday for not disclosing a relationship with a subordinate, however, is entitled to a post termination benefit of USD 6,000 per month till he and his spouse reach the age of 65.

Murthy sex row: CEOs prone to ‘misdemeanors’

iGate Corp has sacked its CEO Phaneesh Murthy over alleged sexual harassment claims.

iGate shares slide 9% in early trade

Shares of Nasdaq listed iGate Corp plunged over nine percent to USD 14.90 in early trade on Tuesday, after the company sacked its high profile chief executive Phaneesh Murthy.

Phaneesh's sacking a right decision, NASSCOM

IGate Corp has sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate and alleged sexual harassment.

iGate sacks CEO Phaneesh Murthy after sexual harassment charge

Gerhard Watzinger has been appointed as the interim chief executive with immediate effect.

iGate Q1 net up 44% at $34.8 mn

IT firm iGate Thursday posted 44 percent jump in net profit at USD 34.8 million for the first quarter ended March 31, 2013.

iGate Patni plans for big hiring

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.