'We expect market consolidation and recommend buying during market dips.'
US software major Cognizant Technology Solutions will invest $ 35 million in India to expand its infrastructure and development centres.
This global workforce reshapes how companies around the world operate, innovate and compete, informs Shankar Srinivasan, Chief People Officer, Cognizant
The move will strengthen its revenues by about $100 million.
Last year in the same quarter, Cognizant had toppled Wipro as the third largest software exporter in India.
BoA has given formal approval to 15 special economic zones, including those of TCS and Cognizant, and in-principle nod to five, Commerce Secretary and BoA Chairman G K Pillai told reporters after the meeting in New Delhi.
Chennai-based Cognizant Technology Solutions is to invest about Rs 185 crore (Rs 1.85 billion) on expansion of its facilities in the country this year, a top executive of the company said on Monday.
Rajeev Mehta, chief executive officer for IT services, explains to Business Standard that the company was faced with some client-specific issues, which led to this.
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.
Relative to its competitors such as Infosys, Wipro and TCS, Cognizant's spending on sales and marketing is 50% higher, says an expert.
As the job markets open up, top IT services firms may look at a tiered strategy in which they hire entry-level talents at higher salaries, amid a major technological shift, say HR analysts.
Such gaming zones and recreational facilities have come up without the necessary approvals from competent authorities, the bench of Justices Biren Vaishnav and Devan Desai observed.
Nasdaq-listed Cognizant Technology Solutions on Monday announced Rs 115 crore investments in Chennai for setting up a training academy and two software development blocks, which can accommodate 3,500 employees.
IT services major Cognizant has said it expects to hire over 10,000 IT professionals in the US over the next three years, expanding its workforce in the North American nation to more than 39,000.
People had also started gathering at Mukhtar Ansari's residence in Ghazipur and there was a large deployment of security personnel around the house.
According to the officials, the three-storey coaching institute, surrounded by residential and commercial establishments, had permission to use the basement as a store room, but it was being used as library in violation of the rules.
Software firm Cognizant Technology Solutions will be recruiting about 18,000 IT professionals before the year end in addition to the present 38,000 workforce, a top company official said on Saturday.
'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.'
On Friday, Union Minister Rajeev Chandrasekhar had warned that Google's AI tool Gemini's response to a question around the Prime Minister is in direct violation of IT rules as well as several provisions of the criminal code.
Cognizant will set up its second IT and business process outsourcing services infrastructure in Kolkata with an investment of close to Rs 188 crore (Rs 1.88 billion) by end of 2008 on land acquisition, facilities construction and furnishing.
Information technology services company Cognizant Technology Solutions on Monday met its revenue guidance given for the quarter ended March 30 and projected its April-June revenues to cross those of Infosys, something long anticipated in industry circles.
Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.
Eighteen American information technology professionals have filed a civil lawsuit against its former employer, Cognizant, for replacing them with people from India who were hired by the IT major on H-1B visas.
Cognizant Technology Solutions Corporation has posted a 57 per cent increase in revenue at $285.50 million in the first quarter of 2006, as against $181.70 million during the corresponding period last year.
Fortune 1000 comprises a list of thousand largest American companies in terms of revenues compiled by the US business magazine.
The Andhra Pradesh government on Wednesday ratified the allotment of 40 acres of land to Cognizant Technology Solutions India Pvt Ltd and 75 acres to Tata Consultancy Services at Adibatla on the outskirts of Hyderabad
Under the exception given in Section 375 of the IPC, sexual intercourse or sexual acts by a man with his wife, the wife not being minor, is not rape.
Cognizant said on Tuesday it will invest $200 million by the end of 2008 to set up centres across the country. "We will spend $200 million (about Rs 800 crore) to build techno-complexes in Chennai, Coimbatore, Hyderabad and Kolkata," Cognizant chief.
Indian IT firm Cognizant Technologies Corporation started trading at the Nasdaq exchange in New York on March 5.
The board of directors of Cognizant Technology Solutions Corporation, a leading provider of information technology services, has declared a two-for-one stock split on its capital stock in the form of a stock dividend.
The companies will design, build and manage IT infrastructure in a deal estimated at 350 million pounds.
Banda chief judicial magistrate Bhagwan Das Gupta appointed Garima Singh, additional chief judicial magistrate (MP-MLA Court Banda) as the investigating officer in the case, the official said.
IT services major Cognizant Technology Solutions Corporation is strengthening its capabilities in the life sciences segment by acquiring New Jersey-based marketRx, provider of analytics and software services to global life sciences companies, for $135 million.
The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said. Delaporte, Wipro's seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020. Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue.
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