Rajeev Mehta, chief executive for IT services, believes this is due to a few client-specific issues, saying the overall business environment continues to look good.
The acquisition would help Cognizant significantly expand its ability to provide industry-focused SAP consulting and software solutions to major retailers enabling them to streamline operations and enhance customer satisfaction, Cognizant said in a statement.
Cadient clients are spread across pharmaceutical, biotechnology, consumer health and medical device industries.
Indian IT services companies have seen several CEO changes that have, over the past few months, led to some crucial exits at the mid-senior level in a trend that is likely to continue. According to a recent Motilal Oswal report, "Movement of mid-to-senior leadership at IT services firms is a reality, partially on account of multiple CEO-level changes.
The allegations of DDT evasion is connected to some transactions the Indian entity has made while buying shares of the company from the Mauritius and US companies of Cognizant.
Deal to bolster firm's position in healthcare IT.
The digital opportunity is not just tech opportunity, but an opportunity to reinvent client business model.
In another senior-level exit from Infosys, Humberto Andrade had quit as head of the company's Latin America business process outsourcing (BPO) operations to join rival Capgemini.
As many as 11 people, including members from the influential Nilekani, Bajaj and Godrej families, were honoured for their outstanding contribution towards the good of the society at Forbes India Philanthropy Awards.
Delays in promised service delivery were earlier settled between client and service provider. More organisations now opt for a legal settlement to save cost and protect investor sentiment, say analysts.
Other developers that have sought additional time include Alstom Bharat Forge Power, Sesa Sterlite Ltd and Cognizant Technology Solutions. Vedanta Aluminium has asked for extension of the validity of the approval granted by the board for setting up an SEZ in Odisha beyond May 22.
'We continue to invest in digital capabilities'.
The appraisals being done by most companies this year are harsher than past ones with higher threshold in many metrics. Reduction in headcount has been done across most tier-I and tier-II IT firms along with global technology firms in the country.
Infosys CEO Salil Parekh has got a massive 88 per cent jump in annual remuneration to Rs 79.75 crore, making him one of the highest-paid executives in the country. The software services firm has sought shareholders' approval for the reappointment of Parekh as chief executive officer and managing director for a second five-year term beginning July 1. According to the company's annual report released on Thursday, Parekh, 58, took home a salary of Rs 71.02 crore in the fiscal year ended March 31, 2022.
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
The local markets are expected to react to global triggers until the government announces the Union Budget.
Infosys is looking for acquisitions but for innovative reasons instead of revenue priorities.
"There was not a single decision that I took during my second tenure without discussing it with Ranga and getting valuable input from him," says Narayana Murthy.
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
The year saw 30 QIP deals raising over $5 billion and 35 IPOs.
It's debatable whether going back in time -- twice in a span of four years -- by bringing back a once-proven leader at the top is the correct thing to do when Infosys desperately needs to be made future-ready.
He urged the force to "ensure proactive pre-emptive measures to ensure safety and security at all levels" in view of the forthcoming G-20 Summit.
At the end of June, 2016, TCS had a total headcount of 3.62 lakh.
Infosys, Wipro may follow suit as investors eye a piece of the large cash kitty as growth slows.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
Infosys, Facebook, Genpact, and Cognizant, among others, have reached out to employees and offered support in different ways as the second wave of Covid cases sees an exponential rise. Companies are asking employees to stay indoors and prioritise the health and safety of their families. This is of significance as several information technology firms were going to take a call on work-from-home from June and had plans to allow some employees to come back to work.
W12 Studios will be part of TCS Interactive, further strengthening the already impressive array of creative and experience services it offers
Firm offers this work option to 80% of its staff, saves $196mn on opex and garners $294 mn via building sales
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Banking and IT lead; see September hiring rise 52%, 34% y-o-y, respectively.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
Sohini Deb who cracked CAT 2013 with 98.11 percentile and secured admission at IIM Kozhikode shares her study secrets.
Experts say only three per cent individuals pay taxes.
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