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 6, 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.

iGate appoints Ashok Vemuri as president and CEO

Last Updated: Thursday, September 12, 2013, 08:50

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

Last Updated: Friday, August 23, 2013, 20:26

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.

iGate posts 136% jump in net profit for Apr-Jun quarter

Last Updated: Wednesday, July 17, 2013, 17:45

IT firm iGate on Wednesday posted 136 percent jump in net profit at USD 30 million for the second quarter ended June 30, 2013.

iGate bags $100 million deal from MetLife

Last Updated: Wednesday, June 26, 2013, 11:00

The company expects to achieve USD 3 billion in revenues by 2017.

Class action suit filed in US against iGate over Murthy affair

Last Updated: Tuesday, June 18, 2013, 19:00

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

Last Updated: Saturday, June 8, 2013, 10:03

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

Last Updated: Sunday, June 2, 2013, 14:58

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.

iGate facing unsettled tax demands worth Rs 738 cr

Last Updated: Sunday, May 26, 2013, 13:33

IGate, which was in news for sacking of its chief executive Phaneesh Murty over non-disclosure of his alleged affair with a subordinate, said these demands are not tenable and the NASDAQ-listed firm has approached the requisite appellate authorities.