According to iGATE CEO Phaneesh Murthy Patni, being a family name, is difficult to protect in several of its markets
Bangalore: A year after it completed the acquisition of Patni Computer, iGATE Corporation on Monday announced new identity, dropping Patni from its brand name, reports PTI.
The new brand identity of the subsidiary of the US-based consulting, technology and BPO company will be now just iGATE, the company said.
In January last year, an iGate-led consortium had bought nearly 63% stake in India's sixth largest IT company Patni Computer for about $921 million (Rs4,188 crore).
The Completion of the acquisition was announced on 12 May 2011 and company was called 'iGATE Patni'.
Unveiling the new brand, iGATE CEO Phaneesh Murthy said, "I have always articulated that Patni, being a family name, is difficult to protect in several of our markets. This brand change is in line with our vision of 'one company' that will follow the successful delisting offer process of Patni with the Indian stock exchanges."
He said in the statement, "With a revenue run rate of over a billion dollars and over 27,000 employees, the new iGATE symbolises a young and vibrant brand representing the merits of a fully integrated entity.
Mr Murthy said that the company, equipped with an innovative mindset of a game-changer, will engage with global customers to deliver high-impact outcomes through our proprietary iTOPS framework.
The ongoing strike has led to a shortfall of 390MW and power generation on Monday was 2,100MW against the installed capacity of 2,490MW
Cuddalore: About 2,000 contract workers of Neyveli Lignite Corporation (NLC) were arrested on Monday when they tried to block roads and railways, police said.
According to a PTI report, these workers are part of 14,000 contract workers, who are on indefinite strike for the past 17 days, demanding regularisation of services in a phased manner and implementation of 'equal pay for equal work' formula, among other things.
An NLC official said the ongoing strike has led to a shortfall of 390MW. Power generation today was 2,100MW against the installed capacity of 2,490MW, he said.
The Competition Commission ordered probe against Google AdWords after it found "prima facie evidence" that the search giant abused its dominant market position by being discriminatory in allotting keywords
New Delhi: Competition watchdog the Competition Commission of India (CCI) has asked its investigation arm to probe the alleged discriminatory practices by global search engine Google relating to its AdWords, reports PTI.
The investigation, according to sources, was ordered after the CCI found "prima facie evidence" that Google has abused its dominant market position by being discriminatory in allotting keywords to matrimonial site Bharatmatrimony.com.
"We have asked the Director General (Investigations) to complete the probe and give a report on it within 60 days. Prima facie, we found evidence that suggests that Google did abuse its dominant market position," a senior official told PTI.
When contacted a Google spokesperson said, "We have not received any communication and therefore we are unable to comment on it".
In February, Chennai-based Consim Info Pct Ltd, the owner of BharatMatrimony.com filed a complaint alleging that Google has abused the matrimonial sites' dominance by engaging in discriminatory and retaliatory practices relating to AdWords.
The AdWords programme, in which Google sells keywords to advertisers and displays them in the form of short ads online, is a big money spinner for the company.
"BharatMatrimony... requests that the Commission investigate Google's practices and impose remedial measures to protect competition," match-making portal had said in a statement.
It added the "increasing number of competition law complaints against Google globally suggests a pattern of anti- competitive conduct that needs to be checked in order to protect Indian businesses and consumers".
In 2011, the advertising segment comprised 96% of Google's $38 billion revenue.
BharatMatrimony is owned by Consim Info which has over 400 community portals and 15 regional portals.