Beating market estimates, outsourcing firm iGate Corp reported on Thursday a 12.7 per cent rise in net income for the third quarter in 2013, helped by volatility in rupee against the US dollar and better-than-expected performance by its banking and f...
The US-based IT solutions firm has been providing services to the global insurance giant for the last 10 years across North America, EMEA and Asia-Pacific. The present deal includes providing complex and mission critical services.
Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee.
After WNS and Infosys, iGate is the latest to face tax issues in India with the US-based outsourcing firm having an "unsettled" tax demand of $132.7 million (about Rs 738 crore) for assessment years 2004-05 to 2009-10.
Phaneesh Murthy, the disgraced former chief executive of iGate Corp, may lose as much as $15.09 million (about Rs 84 crore) in severance benefits after being sacked by the US-based firm for professional misconduct.
Technology outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment.
A former Infosys Ltd executive is challenging the IT outsourcing industry's billing model by charging for results instead of basing fees on the time and labour put in by the armies of staff working for India's big firms.
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