India CMD Ramkumar Ramamoorthy clarified Cognizant would continue hiring, and that the earlier job-cut announcement was but a small one, considering the company had around 290,000 employees globally.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The company had posted a net income of $7.3 billion in the April-June quarter of 2011.
It is a well-known fact that he was brought into Patni with an intention to bridge the revenue gap between the company and its peers as well as to try and extract a better valuation for the company for a possible sale.
The Nasdaq-listed company has announced increasing Murthy's annual basic salary from the present $530,000 million to $1 million, which along with the annual performance-based bonus opportunity of $500,000 million makes the total annual package to $1.5 million (about Rs 7 crore).
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
NASDAQ-listed Rediff.com India Limited on Tuesday launched new service, group deals, named Rediff Deal Ho Jaye!
The common Indian is already under pressure from rising inflation, investments giving poor returns and lower salary hikes too!
Markets will remain closed today on account of voting for the general elections in Mumbai constituencies.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nasdaq-listed Infosys has said it was the failure of the state government in fulfilling the agreed conditions that led to the delay in executing its 448-acre IT Special Economic Zone project in Hyderabad.
Refining its inorganic growth strategy further after carrying out acquisitions in consulting and analytics areas down the years, Cognizant Technology Solutions is understood to be scouting for business process outsourcing firms specialising in insurance in the US and Europe.
The combined assets of the top five - Tata Consultancy Services (TCS), Infosys Technologies, Wipro, HCL Technologies and Tech Mahindra were down one per cent to Rs 27,7400 crore at the end of 2017-18, from Rs 28,0100 crore a year before.
An insider said that over the past decade or so Cipla has become immune to the exits of leaders. There have been no directional change in the long-term strategies.
Infosys Technologies Limited, a world leader in consulting and information technology services, will announce results for its third quarter ended December 31, 2005, on January 11
A stake sale deal between Patni Computer Systems and iGate is on course, but has been delayed due to procedural issues.Sources involved in the deal said they include tax-related developments and offshore transaction fees.
However, the Carlyle-Advent consortium could revise its bid upwards, said two independent sources tracking the deal.
Online services major Rediff.com India Ltd has won a cybersquatting dispute against a Pakistani person, who was using an identical domain name and illegally incorporating the Indian firm's trademark.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
"I think the Fed is out of control. I think what they're doing is wrong. Under the Obama administration, you had a lot of help because they had very little interest," Trump told reporters at the White House Thursday while responding to questions on the down sliding of the stock market for a second consecutive day.
While iGate leaps into the $1-billion club, the combined entity will have a larger offering, better pricing power and scope to improve margins. Nasdaq-listed software firm iGate's acquisition of Patni Computer Systems was received positively by the market. On a day when the Sensex was down 2.4 per cent, the Patni scrip closed 0.8 per cent higher at Rs 463.85.
Nasdaq-listed IT company Cognizant Technology Solutions Corp on Tuesday announced the acquisition of Pepperweed Advisors, the IT consulting services division of US-based Pepperweed Consulting, for an undisclosed sum.
A R Rahman will be the second Indian artiste to perform at the UN General Assembly after M S Subbulakshmi.
US markets jumped on Monday, taking the S&P 500 to its highest in four months. The Dow added 1.3% to 10,754. Nasdaq jumped 1.7% to 2,356.
Tidbits from the actor, who along with Kajol, are in the US to promote My Name is Khan.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Industry sources peg the IPO figure at $50-80 million (Rs 230-370 crore).
IT services followed by telecom are expected to lead the virtualisation wave considering their need for technology savings, Krishnan Thyagarajan managing director, India sub-continent, Quest Software, a NASDAQ-listed enterprise system management vendor, said. Quest's clients in India include Infosys, Wipro, Ranbaxy and Cummins.
Catch the latest updates from the awards function, real-time, as rediff.com reporters post them online from the venue. Follow the action and drama as they happen, only on Rediff.com's MyPage.
If the deal goes through this will be second deal for Ebix in seven months, having bought Centrum group's forex and travel business Centrum Direct for a reported Rs 1,2000 crore valuation last August.
While the number of international MF schemes is increasing, so is the confusion for investors.
The NSE Nifty gained 25 points at 5259. The market breadth was strong. Out of 2974 stocks traded on the BSE, there were 1920 advancing stocks as against 982 declines.
Though domestic IT majors like Infosys Technologies, Tata Consultancy Services and HCL Technologies painted a gloomy picture of the IT sector in the coming quarters, technology bellwether Cognizant Technology Solutions and Genpact, India's largest Business Process Outsourcing firm, not only posted better results but have also given decent guidance to the markets.
Post-bribery disclosure, Cognizant is not pursuing greenfield expansion in the country and relying on leased facilities for new demands. The incident, which came to light in 2016, is also said to have claimed 200-300 jobs so far mainly in areas like administration, legal, and procurement.
The markets opened on bright note on Thursday morning after a holiday on Wednesday, however the joys were shortlived as the markets came tumbling down towards the close.
Nasdaq-listed Cognizant Technology Solutions, which did not complete the due diligence process for Satyam Computer Services, is understood to be back in the race to acquire the troubled software company.
McKinsey, RBS postpone placements by three to six months
The Sensex ended at 17,098, up 45 points. The broader-based Nifty shut at 5,116, up 15 points.
On the sidelines of 'Samvit 2009 -- The Leaders' Conclave' at IIM-Lucknow recently, Ajit Balakrishan tells Virendra Singh Rawat answered some issues that have dogged IIMs.
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