Genpact’s principal shareholder Bain Capital has evaluated the acquisition of Nasdaq-listed IT services firm Syntel, triggering speculation about another billion dollar consolidation move in the IT services industry.
IT Employees Wing of trade union body New Democratic Labour Front (NDLF) has raised claims of layoffs at Syntel - a Nasdaq listed and US-headquartered Information Technology (IT) company, which has a large employee presence in India.
In a report published Monday, Maxim Group analyst Brian Kinstlinger downgraded Syntel, Inc (NASDAQ: SYNT), with the price target maintained at $54. The downgrade comes in the wake of a jump in the share price, along with expectations of a...
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