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IT firm iGate sacks CEO over undisclosed relationship

MUMBAI/BANGALORE (Reuters) - IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry's best-known executives for sexual harassment. Full story

After ATM heist, India's IT sector again in unwelcome spotlight

MUMBAI/BANGALORE (Reuters) - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation. Full story

Theragenics gets buyout offer from investment firm; shares jump

(Reuters) - Medical device maker Theragenics Corp <TGX.N> said it had received a takeover offer of $69.9 million to $71.4 million from Juniper Investment Co, representing a premium of 51-54 percent to its closing stock price on Friday. Full story

Indian companies at center of global cyber heist

DUBAI/BOSTON (Reuters) - Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by U.S. authorities this week. Full story

First Solar posts quarterly profit

(Reuters) - First Solar Inc <FSLR.O> reported a first-quarter profit compared to a loss in the previous year, helped by higher sales of third-party solar modules, and the company backed its full-year outlook. Full story

AIG profit falls 35 percent as premium income dips

(Reuters) - Insurer American International Group Inc's <AIG.N> quarterly profit fell about 35 percent on lower premium income and higher claims. Full story

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Chipmaker LSI reports 9 percent fall in revenue

Motorola Solutions profit rises 21 percent

Wells Fargo first-quarter profit rises

Toyota denies report that Ford Focus topped 2012 sales

Yen set to weaken slightly, provided BOJ acts: Reuters poll

India services PMI falls to 17-month low in March: poll

Lear settles with activist investors, to increase share buybacks

Suntech unit nears insolvency, but company may survive

Blackouts dim prospects for south India's "next Bangalore"

Marvell Technology's profit falls 38 percent

Related Photos

n Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore
n Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore

An Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore, February 28, 2012. Picture taken on February 28, 2012. REUTERS/Vivek Prakash

File photo of the office on EnStage Inc in Bangalore
File photo of the office on EnStage Inc in Bangalore

The EnStage Inc. office is seen in the southern Indian city of Bangalore in this May 12, 2013 file photo. EnStage, incorporated in California but with operations based in Bangalore, handled card payments for Bank of Muscat of Oman, sources have said. REUTERS/Stringer/Files (INDIA - Tags: BUSINESS LA

EnStage Inc. Office is seen in the southern Indian city of Bangalore
EnStage Inc. Office is seen in the southern Indian city of Bangalore

REFILE - CORRECTING MENTION OF MAN IN PICTUREThe EnStage Inc. Office is seen in the southern Indian city of Bangalore May 12, 2013. The Indian government's cyber watchdog is investigating how the computer systems of EnStage, one of the two companies which were breached in a global ATM heist that sa

A man walks past the EnStage Inc. office in the southern Indian city of Bangalore
A man walks past the EnStage Inc. office in the southern Indian city of Bangalore

A man walks past the EnStage Inc. office in the southern Indian city of Bangalore May 12, 2013. The Indian government's cyber watchdog is investigating how the computer systems of EnStage, one of the two companies which were breached in a global ATM heist that saw $45 million stolen from two banks i

File photo shows employees of Infosys walking past the company's logos at their campus in the Electronic City area in Bangalore
File photo shows employees of Infosys walking past the company's logos at their campus in the Electronic City area in Bangalore

Employees of Indian software company Infosys walk past the company's logos at their campus in the Electronic City area in Bangalore in this September 4, 2012 file photo. The openness that made Indian IT services outsourcer Infosys Ltd an investor darling has come back to haunt it. For years, Infosys