Can Phaneesh Murthy break into the big league?

"I am no longer the promoter of the company. If you have any questions, please speak to my brothers." That was the only comment from Narendra Patni, founder and one of the promoters of Patni......

Obama cannot stop IT outsourcing

iGATE had a revenue of $250 million and about 7,000 employees in 2010 before it acquired Patni Computer Systems. After the acquisition, iGATE's revenues crossed $1 billion (Patni at that time had......

Phaneesh Murthy appointed CEO of Patni

IT firm iGATE on Thursday announced the successful completion of Patni acquisition and appointment of Phaneesh Murthy (in picture) as CEO of Patni. Consequently, Jeya Kumar has stepped down as the......

iGate seals Patni deal for $1.22 billion

US-based iGate on Monday said it has acquired nearly 63 per cent stake in country's sixth largest IT firm Patni Computer Systems for $1. 22 billion. iGate will buy 45.6 per cent of the shares of......