'We continue to invest in digital capabilities'.
IT stocks on Wednesday rose by as much as 3.4 per cent after Cognizant posted 15.4 per cent jump in net profit for the third quarter ended September 30, 2013 and revised its full year revenue target.
Information technology (IT) companies have been on the road to revival in the past one year. From being the worst-hit sector in 2022 with a loss of 26 per cent, the Nifty IT index closed 2023 with gains of 24 per cent. So far in 2024, the index is up around 7 per cent against the nearly flat Nifty 50 benchmark index. The IT index has been on a continuous decline in the last three sessions.
Indian IT major Wipro on Saturday announced the resignation of its CEO Thierry Delaporte and named Srinivas Pallia as the new chief executive officer effective immediately. Wipro's Board noted the resignation of Delaporte with effect from April 6, 2024, the company said in a BSE filing, and added he will be relieved from the employment of the company with effect from the close of business hours on May 31, 2024.
Who owns a recipe, and should one fight over its origins?
Analysts said the transition period at Infosys and Wipro have given an opportunity to TCS and Cognizant to increase their lead.
The Cairo World Cup will be held in all three disciplines -- pistol, rifle and shotgun -- and will conclude on February 1.
In the last two years we have been growing faster than the rest of the industry. That's why our appetite for more people to serve our customers is very high now, says Cognizant CEO Lakshmi Narayanan.
Congress leader Jairam Ramesh cited the prime minister's speech made in Barmer on Wednesday and said the people of the state will surely respond to such "arrogance" of the prime minister.
West Bengal Chief Minister Mamata Banerjee on Saturday accused NIA officials of attacking villagers in Purba Medinipur district, the BJP hit back at her saying that the attack on the NIA officials is Sandeshkhalli 2.0 orchestrated by the state.
Members of the Congress and AIUDF, protesting against a Cabinet decision to repeal the Assam Muslim Marriages and Divorces Registration Act, 1935, staged walkouts later.
The Aam Aadmi Party has told the Supreme Court that it has not 'encroached' the land of the Delhi high court at Rouse Avenue in New Delhi and that the space was allotted to it in 2015.
The teacher, identified as Trapti Tyagi, can be seen asking the students of class 2 of a private school in Khubbapur village under Mansurpur police station area in Muzaffarnagar to hit the hapless child.
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 government on Wednesday directed online travel aggregators to process pending refunds related to air ticket bookings during the coronavirus lockdown period by the third week of November. In the wake of the coronavirus pandemic, there was a nationwide lockdown for varying periods starting from March 25, 2020, and scheduled commercial flight services were also suspended for a certain period. On Wednesday, the consumer affairs ministry held a meeting with online travel aggregators to discuss issues prejudicial to consumer interest in the travel sector.
The National Commission for Protection of Child Rights demanded Sony Pictures Networks take down an episode of the dance reality show Super Dancer Chapter 3 where judges were allegedly seen asking a minor 'vulgar and sexually explicit' questions regarding his parents on stage.
Vinesh Phogat returned her Khel Ratna and Arjuna Award to the government protesting against the election of Brij Bhushan Sharan Singh-loyalist Sanjay Singh.
A Delhi court on Friday dismissed the bail application of Aam Aadmi Party leader Sanjay Singh in a money laundering case related to the alleged Delhi excise policy scam.
Rajeev Mehta says the slow beginning in North America was primarily on account of some health care clients, evaluating the impact of the Affordable Care Act before deciding on their technology spending.
Hearing Gandhi's petition on Tuesday, Justice S V Kotwal of the high court noted that it raises some "important questions of law."
Even though Bharat Forge's performance in the July-September quarter broadly met Street estimates and defence orders are on the rise, the subdued outlook for its global business has prompted some brokerages to adopt a cautious stance on the company. Analysts have reduced the company's earnings per share (EPS) estimates to account for the slow recovery of its overseas subsidiaries. Valuations are also trading at long-term averages, which could limit potential upsides.
The company's decision may impact new projects, which are likely to get delayed, said sources in the know. Among the IT players that work with Macy's are Accenture, Cognizant, Tata Consultancy Services (TCS), and Infosys. Macy's is among the top 5-10 clients of these companies.
The PM treaded sensitive ground by asking first-time voters to dedicate their first vote to those who carried out air strike in Balakot.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
Commanding wins in their two opening games have elevated South Africa as favourites in the World Cup but pace spearhead Kagiso Rabada insisted there is still a long way to go and the team is focused on taking one match at a time.
Sub-divisional magistrate of Meerganj tehsil in Bareilly has been removed from his post after a video surfaced in which he is purportedly seen to have asked a man to squat in his office as a punishment.
The complaint has been filed by Vineet Jindal, a Supreme Court advocate.
In an embarrassment to the Enforcement Directorate (ED), a Delhi court on Thursday termed the arrest of an accused in a money laundering case linked to a UPA-era defence deal with aircraft manufacturer Embraer "illegal" and ordered his release.
Taking cognizance of the matter, action against the medical officer in-charge of the emergency medical room, the doctor and other medical personnel posted there has been initiated by serving notices seeking their immediate clarification, the CMS said.
Ali also said he was hopeful that action would be taken by Lok Sabha Speaker Om Birla against Bidhuri in line with the traditions of the Lower House and the Constitution.
A video purportedly of the incident had gone viral on social media, they said, adding that the accused has been "terminated from the service".
The Haryana government on Friday rejected in the high court the suggestion that a demolition drive in violence-hit Nuh did not follow procedure and was an exercise in 'ethnic cleansing', as the bench hearing the case referred it to the chief justice's court.
The agency submitted the sanction before a special court on Friday, they said.
The man who threw the petrol bomb was immediately overpowered, they said
An acid attack, the high court said, was "among the most grievous crimes in contemporary society" and the accused's agony of long incarceration has to be appreciated on the similar lines as the victim's wait for justice.
The Lucknow bench of Allahabad high court on Tuesday refused to quash criminal proceedings against a journalist for allegedly sharing incorrect facts as information on social media.
'Their role model is Iran: high control of the citizens by the State.' In Iran it is Islamic control; in India, it will be Hindutva control.'
The Central Bureau of Investigation on Monday told a special court here that former ICICI Bank CEO and MD Chanda Kochhar misappropriated the lender's funds for personal use. The probe agency, represented by special public prosecutor A Limosin, made this argument while urging the special court to take cognizance of the chargesheet filed against Chanda Kochhar, her husband Deepak Kochhar and others in a case pertaining to cheating and irregularities in sanctioning of loans to Videocon Group firms. Chanda Kochhar was MD and CEO of ICICI Bank between May 2009 and January 2019 in which capacity she was entrusted with the Bank's funds, the CBI told court.
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