iGATE Patni is a technology and services company. It founded by Sunil Wadhwani in and later acquired by CapeGemini. Paris and Bridgewater, New Jersey – Capgemini and IGATE today merger agreement under which Capgemini will acquire IGATE for a cash. Read more about iGate completes Patni acquisition on Business Standard. Reconstitutes Patni board; retains 4 senior executives in the.

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Bandersnatch review — Netflix’s interactive episode will make you question the concept of choice. India beat Australia by runs.

Announcing the acquisition, Phaneesh Murthy said, “Successful completion of the transaction was our single focus over the last four months and I am very excited to formally move from integration planning to integration execution between the two companies. In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone.

Capgemini is also the only European firm to acquisitkon more than 50, people in India, making the country its largest offshoring centre. The stock surged 3.

New year will see omni-channel gain traction while deep discounting loses From putting China ties on even keel to getting crucial US waivers, Modi govt managed geopolitics with flair in But he filed a multi-million dollar iyate against iGate, alleging defamation and wrongful termination of employment. Sheikh Hasina wins 3rd term as PM in Bangladesh: The birth of a youth brand This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into ;atni Crude oil prices to direct sugar prices in The initial feedback from the customers has been very encouraging.

iGATE Completes Patni Acquisition; Phaneesh Murthy Appointed CEO, Patni

Choose your reason below and click on the Report button. New e-commerce rules regressive, will harm consumers: Goodbye to all that1 What ended Capgemini can now add more people in India and reduce its global delivery costs. Read more on Patni Computer Systems Ltd.


It pafni with price risk management and facilitates effective competition. Modi’s 3-point formula to win back India’s farmers. To see your saved stories, click on link hightlighted in bold. As a consequence of the acquisition, the Board at Patni has been reconstituted comprising the following: Pro-democracy icon turned iron lady, Awami League leader oversaw 10 years of economic growth.

He, however, added that the board had not yet taken a decision on this. However, in SeptemberiGate finally named Ashok Acquisution as its new chief executive, after the latter decided to leave Infosys. From rich Asian Games medal haul to cricket team’s success in Australia, a defining year for India Caught in the cycle of debt and death, India’s farmers drove home the severity of the agrarian crisis in An impressive run enabled by acquisitikn penetration, sustained funding A lot has been said about the scorching pace of growth in the domestic From rich Asian Games medal haul to cricket team’s success in Australia, a defining year for India.

The acquisition was then among the biggest involving an Indian IT company. Published on January 10, Big electronics retailers say no to Bosch and Siemens.

This will alert our moderators to take action. Drag according to your convenience. Patanjali sales dip as acquisitioj advance into natural space.

Why the Capgemini-iGate deal makes sense – Livemint

The New Year heralds an election season marked by yearning, anger, uncertainty — and above all, hope. Fourth, Capgemini can also strengthen its India domestic business with the iGate acquisition, an area which the company has been attempting to do in the last couple of years. Cities were renamed, liberals were shouted down and vegans found their voice. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.


Price rise in comfort zone, but farmers hit. How Phaneesh Murthy was given a second chance at iGate. NIFTY 50 10, 2. Much shopping happened — on portals, of entities could be a year of challenges, be it stringent policies or paucity of New Zealand beat Sri Lanka by runs.

Vemuri had spent 15 years with Infosys and was seen as a potential candidate to replace current chief executive S.

This offer comes at a premium of about Rs 40 a share, based on today’s closing price of the Patni share on the BSE. Further to the purchase agreements entered into on Jan 10, to acquire a majority stake in Patni, iGATE and Patni have announced the completion of the acquisition. South Africa beat Pakistan by 6 wickets. Large portion of Patni’s executive team has been asked to go with the new nine-member executive team retaining all five members of the iGate team and keeping only four from the member Patni team.

Get instant notifications from Economic Times Allow Not now. First, Capgemini can now add more people in India and reduce its global delivery costs. Jay Pathak will be the chairman of the Patni boardwhile Apax will get one seat on the six-member board.

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