Capgemini News

 Capgemini will pay USD 76.50 per share, which is a 17 Percent premium over WNS’s closing share price on July 3, and a 28 Percent premium over the average share price of the past 90 days.  

Chenchah comes with over two decades of experience in consulting, IT and business process services. Chenchah also joins Wipro's executive board, it added. Prior to this, he has worked with Capgemini as Global CEO of its Business Services and member of the Group Executive Committee.

The bumper hiring by the IT major is for the Pooled Campus drive. Candidates planning to land a job at Capgemini can register at the official company website. The last date of registration is October 15, 2021.

Rishad Premji will oversee the day-to-day operations of the company until July 5, Wipro had said in a statement.

In January this year, the company had said its CEO and Managing Director Abidali Z Neemuchwala had decided to step down from the company. Abidali Neemuchwala will relinquish his position as CEO and MD on June 1.

Ashwin Yardi, the incumbent chief operating officer, will take over as the chief executive from Kandula.

As the CEO, Parekh will have to achieve growth while being careful not to antagonize Infosys` founders

The company is the third largest employer among foreign IT companies in the country, after Accenture and IBM.

India has slipped one place to 12th spot in terms of millionaire population, even as their numbers have grown marginally to 2 lakh.

With 50 percent of its work force already based in India, French software major Capgemini Tuesday said it plans to make the country the epicentre of its execution and will focus on building capabilities around innovation, client experience and leadership.

Kandula played a key role in the acquisition of Patni by IGATE in 2011, and of IGATE by Capgemini in 2015.

Capgemini Tuesday said IGATE CEO Ashok Vemuri has put in his papers after three months of the US-based firm being acquired in a USD 4 billion deal.

The fair trade regulator, which keeps a tab on unfair business practices across sectors, has approved the acquisition as the deal may not have an adverse impact on competition in the country.

The additional three-year agreement will see Capgemini continuing to optimise Nokia's order management operations worldwide, the company said in a statement.

Days before IGATE was acquired by French IT giant Capgemini, the US-based firm sold off its domestic infrastructure management services (IMS) operations to India's MindSquare Technologies for about USD 5 million.

As many as five US-based law firms are investigating charges of whether IGATE Board of Directors failed to maximise gains of shareholders before inking the multi-billion dollar deal with French rival Capgemini.

IGATE's acquisition by French rival Capgemini will make its CEO Ashok Vemuri richer by over USD 19 million (about Rs 120 crore).

French IT services and consulting company Capgemini said today it was buying New Jersey-based IGATE for USD 4 billion (3.7 billion euros), boosting its US-generated business to 30 per cent of its total activity.

French IT services company Capgemini will buy IGATE Corp -- a US-based company with a large presence in India -- for USD 4 billion in cash to create an entity with a combined revenue of USD 14 billion to take on rivals like IBM.

Family businesses create more than 70 percent of global GDP, but their fund raising plans are "limited" as nearly 60 percent of such entities are struggling to find external finance to fund their investment plans, said a KPMG report.