'There's been a sense of FOMO, fear mongering and that has led to token consumption without linkages to ROI and without linkages to outcomes.'
IT services giant Cognizant is embarking on a significant AI-led restructuring programme, Project Leap, involving an investment of up to $320 million, which will lead to workforce reductions across geographies and a strategic shift towards AI capabilities to boost productivity and margins.
Cognizant has announced the launch of Technoverse Hackathon 2026, a national platform for engineering students to demonstrate AI-powered problem-solving skills in various industries. The hackathon aims to bridge academic learning with real-world applications and promote innovation.
The US Department of Labour's Office of the Inspector General has initiated an investigation into alleged fraud in H-1B and PERM work visa programmes. Indian IT firm Cognizant is among the companies under scrutiny for widespread schemes involving fraudulent applications, exploitation of foreign workers, and undercutting American labour. The probe aims to dismantle networks exploiting the guest worker visa system.
Cognizant CEO Ravi Kumar's annual compensation increased by 28 per cent to $21.5 million in 2025, while CFO Jatin Dalal's compensation dropped by 30 per cent to $7.08 million, according to a recent proxy statement.
Cognizant's research reveals that companies seeking AI adoption favour IT services firms offering custom, full-stack AI solutions, prioritising flexibility and expertise over cost and speed.
Aaron Rai finished tied for 23rd at the Cognizant Classic, while Nico Echavarria secured victory with a strong final round performance.
Aaron Rai maintained his position in the Top-10 while Sudarshan Yellamaraju qualified for the weekend rounds at the Cognizant Classic in The Palm Beaches.
The Congress party has formally appealed to the Election Commission, demanding an immediate reversal of the rejection of Meenakshi Natarajan's nomination for the Rajya Sabha polls, labelling the decision as 'egregious' and a 'subversion of democracy'.
The Nifty IT index has been one of the worst sectoral performers in calendar year 2026, losing nearly 29 per cent till date compared to the 8 per cent dip in the Nifty 50 index.
The brother of Champat Rai, who resigned as the general secretary of the Shri Ram Janmabhoomi Teerth Kshetra Trust, on Monday defended him against allegations of embezzling donations for the Ram temple, saying his brother had sacrificed both his personal life and career for the Ram temple movement and the service of the nation.
The Delhi High Court has upheld the Indian government's decision to temporarily restrict access to Telegram, citing the messaging app's capacity for 'automated dissemination' of large content, which could facilitate misinformation during the crucial NEET-UG retest.
Cognizant reported a significant increase in net income for the December quarter, driven by AI efficiencies and strong performance in the financial services sector. The company also announced a major deal and provided guidance for the upcoming year.
Kunal Shah, founder of CRED, has been appointed global head of WhatsApp, joining a growing list of Indian-origin executives leading major technology companies worldwide. This trend underscores the increasing demand for Indian talent in strategic leadership roles across Silicon Valley.
The Faizabad Bar Association in Ayodhya has resolved that its members will not represent the eight individuals accused of embezzling donations from the Ram Temple, imposing a Rs 5 lakh penalty on any lawyer who violates this decision. The association also demanded that Champat Rai, Anil Mishra, and Gopal Rao, associated with the temple management, leave Ayodhya within three days, threatening a city blockade if they do not comply.
Accenture's revised annual revenue growth forecast and weaker-than-expected fourth-quarter guidance have sent shockwaves through the Indian IT sector, causing major IT stocks and the Nifty IT index to tumble significantly.
The EoI comes at a time when ISRO is working to enhance LVM3's payload capacity to five tonnes in GTO and is also evaluating the procurement of a Russian semi-cryogenic engine for the vehicle's second stage.
An industry-led AI curriculum taskforce has recommended shifting the present lecture-based teaching system for technical education to learning from real industry use cases and enhancing practical exposure of students.
The Allahabad High Court has directed the registration of an FIR against Congress MP Rahul Gandhi concerning allegations of dual citizenship, potentially escalating the legal scrutiny surrounding the opposition leader.
The Indian National Lok Dal (INLD) staged a protest in Panchkula, alleging that the BJP government in Haryana is unfairly recruiting individuals from outside the state for government jobs, thereby depriving local youth of employment opportunities.
The National Commission for Women (NCW) has taken suo motu cognisance of reports alleging that a married woman died by suicide in Greater Noida, Uttar Pradesh, following dowry harassment and mental torture by her in-laws.
Political leaders in Tamil Nadu, including TTV Dhinakaran and Anbumani Ramadoss, have strongly condemned the abduction and murder of a 10-year-old girl in Coimbatore district. Two people have been reportedly arrested in connection with the incident.
The Indian National Lok Dal (INLD) staged a protest in Panchkula, alleging that the BJP government in Haryana is unfairly recruiting individuals from outside the state for government jobs, thereby depriving local youth of employment opportunities.
Aaron Rai carded a 4-under 67 to take a one-shot lead over Brandt Snedeker and Mark Hubbard in the Myrtle Beach Classic.
Cognizant's Chief AI Officer, Babak Hodjat, highlights India's unique position in AI enablement due to its strong technology foundation and large pool of digitally skilled people. He emphasises the continued importance of developers in the age of AI and Cognizant's focus on becoming an 'AI builder' company.
The National Investigation Agency (NIA) has filed a supplementary chargesheet against Areeb Majeed, adding a charge of raising funds for terrorist activities in connection with the 2014 ISIS link case.
Cognizant's Chief AI Officer, Babak Hodjat, discusses India's unique position in AI enablement due to its strong technology foundation and skilled workforce, emphasising the continued importance of developers in the age of AI-generated code.
US-based IT major Cognizant, which has a substantial number of employees in India, on Wednesday reported a better-than-expected growth with its revenue rising 7.3 per cent year-over-year to $5,415 million for the quarter ended September 2025. In the last quarter, the company had guided its third-quarter revenue to be between $5.27-5.35 billion.
The Jharkhand High Court has instituted a public interest litigation (PIL) addressing the critical scarcity of doctors in jails across the state. The court's action followed the death of an appellant in jail due to inadequate medical treatment, highlighting the severe lack of medical facilities and personnel in Jharkhand's prison system.
The Punjab Police has requested the Centre to direct ZEE5 to halt the airing of the docu-series 'Lawrence of Punjab' on gangster Lawrence Bishnoi, citing a significant risk to public order and potential influence on youth towards criminal activities.
The Punjab Police has requested the Centre to direct ZEE5 to halt the airing of the docu-series 'Lawrence of Punjab' on gangster Lawrence Bishnoi, citing a significant risk to public order and potential influence on youth towards criminal activities.
The Wrestling Federation of India (WFI) has addressed Vinesh Phogat's concerns regarding her delayed entry into an upcoming ranking tournament, stating that her registration was processed and there was no attempt to block her participation.
The Jharkhand High Court has reserved its order in the criminal appeal filed by Rahul Verma and Lakhan Verma, who were convicted for the murder of Dhanbad Judge Uttam Anand. The incident occurred on July 28, 2021, when an autorickshaw hit Anand during his morning walk.
The Supreme Court has ruled that no cognisable offence was committed by BJP leaders Anurag Thakur and Parvesh Verma regarding alleged hate speeches during the 2020 anti-CAA protests in Delhi. The court upheld a previous decision by the Delhi High Court, stating that the speeches did not incite violence or target a specific community.
The Supreme Court has granted anticipatory bail to Congress leader Pawan Khera in a case registered against him for alleging that Assam Chief Minister Himanta Biswa Sarma's wife possessed multiple passports and undisclosed properties abroad.
The Haryana Human Rights Commission has taken suo motu cognizance of a media report pertaining to a large number of CCTV cameras installed by the Municipal Corporation, Panchkula being 'non-functional' and called for a report from the concerned officials in the matter.
The BJP's West Bengal unit chief, Samik Bhattacharya, has criticised the Trinamool Congress (TMC) government, accusing it of crushing democracy and creating a lawless environment in the state. He highlighted political violence, rising debt, and a lack of investor confidence as key issues under the TMC's rule.
A Mumbai sessions court has directed a magistrate to issue summonses to former Maharashtra DGP Satish Mathur and other senior officers for allegedly not registering an FIR in a MHADA fraud case.
Maharashtra Chief Minister Devendra Fadnavis has ordered a probe into the call data record (CDR) leak in the Ashok Kharat case and directed the Enforcement Directorate to investigate Kharat's assets.
IT services company Cognizant on Thursday said about 80 per cent of its eligible employees will receive a salary hike, effective November 1, 2025. The company, during its second quarter earnings, had said that it plans to award merit-based salary increases for the vast majority of employees during the second half of 2025.
