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.
'Perhaps unlike any previous era of software, this one requires a rethink in even the lifecycle of how we build.'
Players' complaints on 'outdated and dictatorial' coaching style led to Harendra's resignation
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.
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.
Nasdaq-listed IT services company Cognizant has reported a 5.8 per cent year-on-year decline in consolidated net profit for the March quarter to $546 million. The company in a release said its revenue guidance for the full year 2024 is "unchanged" in the band of 2 per cent decline to a 2 per cent growth in constant currency.
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.
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.
'4 lakh to 5 lakh people graduating in computer science getting jobs in software companies will not happen.'
Cognizant Technology Solutions has restructured its global growth markets (GGM) by appointing two internal leaders who will now share the responsibility. The move follows the exit of former GGM leader Rob Walker last month and is among the slew of leadership changes the company has seen in the recent past. GGM refers to the company's emerging markets outside of North America.
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.
Cognizant Technology Solutions is infusing generative artificial intelligence (GenAI) into all its core offerings, chief executive Ravi Kumar S wrote in an internal note to its employees. Cognizant has 351,500 employees, a majority of whom are in India. Kumar cited the example of a GenAI-enabled conversational virtual assistant (VA) that Cognizant has introduced to help clients reimagine experiences beyond chatbots.
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.
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.
'Winning a deal is one aspect, making sure that we are able to execute it profitably is also important' says Rajesh Nambiar.
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.
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.
'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 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.
Female students alleged that Saraswati used abusive language, sent obscene messages, and made unwanted physical advances.
People with no knowledge of coding or computer languages can use vibe coding using plain English command with AI-assisted software development.
Slowing growth and execution challenges for Cognizant (CTSH) may well allow Infosys to overtake the former after a decade. Cognizant had marched ahead of Infosys in terms of revenue in the first quarter of financial year 2012-13. The Nasdaq-listed IT services firm's performance in Q3 and the guidance for Q4 and full-year 2022 suggest that it could take time for Cognizant to see the expected improvement in performance from its decision to restructure.
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.
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.
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.
Seven engineers including two chief engineers were suspended with immediate effect while a departmental inquiry will be conducted against a retired superintendent engineer, he added.
Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant will eliminate 80,000 seats, or 11 million square feet of real estate in large cities in India.
Steely-nerved Billy Horschel grabbed his 60-degree wedge to chase an alligator off the course at the Cognizant Classic on Thursday, sending the scaly predator scampering into the water at the PGA National course in Palm Beach Gardens, Florida.
China has protested to India over Prime Minister Narendra Modi's greetings to the Dalai Lama on his 90th birthday and the attendance of Indian officials at the celebrations, stressing New Delhi should appreciate Beijing's sensitivities on Tibet-related issues.
A chargesheet filed by Andhra Pradesh police in connection with the Rs 3,500 crore alleged liquor scam mentions former chief minister YS Jagan Mohan Reddy as one of the recipients of kickbacks. The chargesheet alleges a complex scheme involving shell companies, policy manipulation, and extortion to generate funds that were ultimately routed to Jagan Mohan Reddy.
IT services major Cognizant on Thursday said it is offering bonuses that are "substantially higher than 2019" and has promoted more than 24,000 employees across levels. The step, aimed at helping the company stem attrition, will also see Cognizant moving to a quarterly promotion cycle for billable employees at the senior associate level and below, starting in the June quarter of 2021.
A Meerut woman, married to a Pakistani national, was denied entry to Pakistan at the Wagah border after she presented her Indian passport. She was accompanied by her two children who hold Pakistani citizenship. The authorities permitted the children to cross but Sana refused to separate from them, resulting in her return to India.
Nicholas Pooran, who announced his retirement from all international formats on Tuesday, has been appointed as the captain of MI New York in the Major League Cricket
The Maharashtra legislative assembly passed the 'Maharashtra Special Public Security Bill' aimed at preventing unlawful activities of Left Wing Extremist organizations, focusing on urban Naxalism and passive militancy.
'Keeping a bench increases cost. If you keep a bench, the skills may not remain relevant.' 'In the future, bench strength will literally be zero.'
State-owned banks have received guidance from the government to close Jan Dhan accounts whose beneficiaries are unwilling to keep them active, amid rising instances of such accounts being misused by fraudsters as mule accounts to defraud people, people aware of the development said.
The company owns 12 of 45 facilities it has in India and around 75 per cent of its global headcount of 2,44,300 is based in the country
A case has been registered against Maharashtra BJP minister Radhakrishna Vikhe Patil and 53 others, including directors of a sugar mill, for allegedly obtaining loans of nearly Rs 9 crore in the names of farmers using forged documents. The complaint was filed by a sugarcane cultivator and member of the cooperative sugar mill, alleging that the loan amounts were never credited to the farmers' accounts and were instead siphoned off by sugar mill officials and bank staff. The case was registered based on a court directive following a complaint alleging irregularities that occurred in 2004.
Chief Justice of India B R Gavai has said the 'trivial issue' of the protocol lapse during his visit to Mumbai on May 18 should not be blown out of proportion and the matter should be given 'quietus'.
