Cognizant reported a significant increase in net income for the December quarter, driven by AI efficiencies and strong performance in the financial services sector. The company also announced a major deal and provided guidance for the upcoming year.
The Delhi High Court has scheduled a hearing for March 9 on the Enforcement Directorate's plea challenging a trial court order that refused to acknowledge its chargesheet against Congress leaders Sonia and Rahul Gandhi in the National Herald money laundering case.
US-based IT major Cognizant, which has a substantial number of employees in India, on Wednesday reported a better-than-expected growth with its revenue rising 7.3 per cent year-over-year to $5,415 million for the quarter ended September 2025. In the last quarter, the company had guided its third-quarter revenue to be between $5.27-5.35 billion.
India is emerging as Claude.ai's second-largest user base, driven by strong adoption in coding, maths and enterprise AI tasks.
The Allahabad high Court has put a hold on an FIR order against several policemen, including former Sambhal circle officer Anuj Kumar Chaudhary, regarding an alleged firing incident, pending further hearing.
The Nifty IT index hit a more than nine-month low, trading at its weakest level since April 17, 2025.
India is a global leader in software development services, IT enabled services, knowledge process outsourcing services and contract R&D services relating to software development, Sitharaman said noting these business segments are quite inter-connected with each other.
IT services company Cognizant on Thursday said about 80 per cent of its eligible employees will receive a salary hike, effective November 1, 2025. The company, during its second quarter earnings, had said that it plans to award merit-based salary increases for the vast majority of employees during the second half of 2025.
'At 10:30 pm last night, I received several WhatsApp calls from Bangladesh. They abused and insulted my family and me and threatened that my country would be destroyed and broken apart.'
The Karnataka High Court has refused to quash the POCSO Act case filed against former Chief Minister B S Yediyurappa, upholding the trial court's order to proceed with the case.
'It requires tail layering and customising, and you can't just sprinkle your organisation with co-pilots and be done with it.'
'This personal incident has no connection whatsoever with his employer or professional duties. Attempts to associate the company's name are unwarranted and appear aimed solely at gaining social media attention on an otherwise settled personal issue'
The Supreme Court declined to expedite a hearing regarding the widespread IndiGo flight cancellations, acknowledging the government's intervention in the matter.
'Perhaps unlike any previous era of software, this one requires a rethink in even the lifecycle of how we build.'
Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.
The ED has accused Congress leaders Sonia Gandhi and Rahul Gandhi, as well as late party leaders Motilal Vora and Oscar Fernandes, along with Suman Dubey, Sam Pitroda, and a private company, Young Indian, of conspiracy and money laundering.
Players' complaints on 'outdated and dictatorial' coaching style led to Harendra's resignation
'4 lakh to 5 lakh people graduating in computer science getting jobs in software companies will not happen.'
The Election Commission has defended its Special Intensive Revision of electoral rolls in West Bengal and Tamil Nadu in the Supreme Court, refuting allegations of mass deletion of genuine voters as exaggerated and politically motivated.
Tata Consultancy Services (TCS), Cognizant and eight other major corporations have been questioned by US Senators for filing thousands of H-1B skilled labour visa petitions after conducting "mass layoffs" of American employees.
Cognizant has said it aims to be back among India's top four IT services companies by 2027 by improving revenue, market share, bagging large deals, and gradual margin expansion. The Nasdaq-listed company does a major part of its business in India, but has trailed peers such as Tata Consultancy Services and Accenture over the last few years as growth tapered, margins squeezed, and attrition soared.
The 15-year agreement will see Infosys develop a next-generation, data-driven workforce management platform to replace the existing electronic staff record (ESR) system, which annually manages a 55 billion payroll for 1.9 million NHS employees.
Information Technology (IT) major Infosys escalated the legal tussle with Cognizant by filing a countersuit in a US court, accusing the Nasdaq-listed firm and its Chief Executive Officer (CEO) Ravi Kumar of anticompetitive practices by maintaining its monopoly. Infosys has also alleged that Kumar misused sensitive information that slowed the launch of the company's health care platform Helix.
The fee hike for the US H-1B visa by the Donald Trump administration has no short-term impact on Tata Technologies Ltd, although it will change resourcing plans for the future, according to its CEO and managing director, Warren Harris.
The doctor, hailing from Beed district and posted at a government hospital, was found hanging in a hotel room in Phaltan of Satara district on Thursday night.
2025 has seen a sharp rise in lawsuits targeting IT services and consulting companies, which now increasingly offer proprietary digital platforms and cloud services.
Bengaluru is at a critical juncture, where its economic model, reliant on attracting and retaining skilled professionals, is directly threatened by a measurable decline in urban quality of life, point out Shishir Gupta and Rishita Sachdeva.
Nasdaq-listed IT services major Cognizant on Tuesday said the firm's Chief Financial Officer (CFO) Jatin Dalal (pictured) had reached a settlement in the "non-compete" lawsuit filed by Wipro. The terms of the settlement, which was reached without any admission of liability by either party, are confidential. The settlement resolves all pending disputes between Dalal and Wipro, said the company in a statement. Cognizant has paid $505,087 (around Rs 4.1 crore) in connection with Dalal's settlement.
Nasscom on Monday said the US clarification that the H-1B visa fee hike will not affect current visa holders and will apply as a one-time fee only to fresh petitions has helped address the immediate ambiguity surrounding eligibility and timelines.
Female students alleged that Saraswati used abusive language, sent obscene messages, and made unwanted physical advances.
The magnitude of the new H-1B visa application fee for fresh petitions - math of which works out to USD 500 million in case of 5,000 filings - may nudge IT companies to expand offshore delivery or increase local hiring, according to Motilal Oswal Financial Services.
IT major Cognizant's subsidiary TriZetto has slapped a lawsuit on Infosys in a US federal court, accusing the Bengaluru-headquartered company of stealing trade secrets and information related to healthcare insurance software. Infosys, in a statement, denied all allegations. The company asserted it is aware of the lawsuit and will defend its position in the court.
More than 7,700 senior professionals with over 15 years of experience have exited India's IT services firms -- TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Cognizant, and LTIMindtree -- over the past 12 months.
People with no knowledge of coding or computer languages can use vibe coding using plain English command with AI-assisted software development.
'People are taking effort to train and adapt to current skills.' 'If that is not there, they are not useful to us.' 'They have to adapt to new technology, and what is important is learnability.'
The incident occurred on Saturday when the woman, who works as a saleswoman at a jewellery shop in Jayanagar, was en route to her workplace, they said.
The Indian government has introduced a bill in the Lok Sabha to ban online games played with money, aiming to curb addiction, money laundering, and financial fraud. The bill also targets advertisements and financial transactions related to such games.
Nasdaq-listed Cognizant Technology Solutions has signed a definitive agreement to acquire global engineering company Belcan for about $1.3 billion (Rs 10,853.7 crore) in cash and stock. The transaction is expected to close in the September quarter. The total consideration includes $1.19 billion (Rs 9,935.31 crore) in cash and 1.47 million Cognizant shares, valued at $97 million (Rs 809.53 crore) based on the information technology services provider's closing share price on June 7, 2024.
The lawmakers slammed opposition leaders over their remarks on the development, alleging that they were "happy" with the US government's move when "everyone" should be standing together in such a situation.
China has called Tibet-related issues a 'thorn' in India-China bilateral relations and a 'burden' for New Delhi, ahead of External Affairs Minister S Jaishankar's visit to China.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances