Ashok Vemuri is iGate's new President and CEO, succeeding deposed CEO Phaneesh Murthy. iGate, the outsourcing firm from India, had recently appointed Ashok Vemuri as its President and CEO effective on September 16.
Investors
Odfjell Drilling to list in Oslo bourse as owner plans IPO
Rig operator Odfjell Drilling prepared to list in the Oslo bourse as shareholder BCB Paragon Trust planned an IPO.
Japan considers USD 50 billion economic stimulus package to cushion tax increase- sources
Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.
Swiss Re hires former Deutsche Bank private equity head
Swiss Re hires Christopher Minter to head the reinsurer's acquisitions and principal investments business.
CORRECTION: Southeastern Asset stake in News Corp "fishy" - analysts
Analysts had said that Southeastern Asset Management's purchase of a 12% voting stake in News Corp was dubious.
Latest News
US defense contractor Lockheed Martin said it was looking to make more acquisitions after its purchase of IT firm Amor Group.
As risk is shunned by regular banks, Melody Capital Partners takes on risk to expand its business. After the announcement by UBS AG of its closure of its fixed-income trading business last OCtober, three executives of the bank had opened up shop to trade in areas where bigger banks have since refused to tread.
In an interview with CNBC, Carl Icahn confirmed his firm's large purchase of Apple stock as it fell due to consumer disinterest in new iPhone models.
According to sources familiar with the matter, French bank Societe Generale was considering on selling its Asian wealth arm based in Singapore.
The acquisition of IT firm Amor Group was recently announced by Lockheed Martin Group for an undisclosed amount.
UK banks would need another GBP50 billion on top of GBP13.7 billion to comply with both Basel III and Basel IV.
KPN's negotiations with America Movil regarding the EUR7.2 billion or USD9.58 million bid remained to be over.
Sources told Reuters that electronics maker Sharp Corp. would be raising USD1.7 billion to keep itself afloat until the end of the business year in March next year.
EU submits a list of proposals aimed to improve the EU telecommunications industry. In its newest attempt to overhaul the European Union's telecommunications industry, a proposal to place a price cap on cross border phone calls in Europe was made.
