Phaneesh Murthy

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  iGate Sale Deal Comes Under Scanner of Law Firms

  As many as five US-based law firms are investigating charges of whether iGate's board of directors failed to maximise shareholders' gains before inking the multi-billion dollar deal with French rival Capgemini.

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  All Issues with iGate Resolved: Phaneesh Murthy

  Former iGate chief executive Phaneesh Murthy has "settled" all charges relating to a sexual harassment case that had led to his sacking from the US-based outsourcing firm two years back.

• Top 5 business newsmakers in 2013

  As we get ready to usher in 2014 and look back at the year that was. We list out five personalities from the world of business and economics who made news in 2013.

• Phaneesh Murthy sues iGate for 'improper' termination

  In a lawsuit filed before a California court last week, Mr Murthy claimed iGate knew about his relationship with the subordinate employee, but "improperly" used the reporting policy to terminate him.

• iGATE to pay Vemuri more than double his Infosys package

  In 2012-13, Vemuri drew a basic salary of Rs 3.89 crore ($708,000) along with a bonus of Rs 1.02 crore ($ 190,978) at Infosys, taking the total to Rs 4.91 crore.

• iGate names ex-Infosys Americas head as CEO

  Vemuri was till recently the Americas head and global manufacturing chief of bigger rival Infosys Ltd, India's second-largest software services exporter.

• Relief for iGate, Phaneesh Murthy as class-action suit dismissed

  The IT services company said neither the company nor its former CEO has made any payment.

• Phaneesh Murthy episode: iGate slapped with class action suit

  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.

• Phaneesh Murthy removed from iGate board

  Majority of shareholders removed former CEO Phaneesh Murthy for 'cause' from the iGATE Corp board by written consent in lieu of a meeting.

• Unsettled tax demands worth Rs 738 crore: iGate

  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 asked 'pregnant' employee to seek abortion, leave iGate: law firm

  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 today.

• iGate faces probe on violation of Federal securities law amid share slide

  US-based outsourcing firm iGate is being investigated by a law firm to ascertain whether the company and its employees violated federal securities laws.

• Phaneesh Murthy to be sued for alleged sexual harassment

  The California-based law firm, Aiman-Smith & Marcy, said that iGate's head of investor relations Araceli Roiz was pregnant with Murthy's child.

• Phaneesh Murthy may lose around Rs 84 crore in severance benefits from iGate

  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.

• iGate shares crash to 18-month low on Phaneesh Murthy's sacking

  Nasdaq-listed iGate shares fell as much as 13 per cent on Tuesday after the California-based IT outsourcer sacked its chief executive Phaneesh Murthy.