The acquisition would help Cognizant significantly expand its ability to provide industry-focused SAP consulting and software solutions to major retailers enabling them to streamline operations and enhance customer satisfaction, Cognizant said in a statement.
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.
Trouble started brewing after Cognizant announced that Ravi Kumar, former Infosys president, would take over as the Nasdaq-listed company's CEO.
The protesting students claimed that the deceased was suffering from health issues and was disturbed mentally after he was marked for failed attendance.
'In India, the impact will be less than 1% of employee headcount.'
Cognizant, a leading provider of IT services on Wednesday opened its Mumbai development centre.
In the ongoing saga of senior management resignations, Wipro announced on Monday that its chief technology officer (CTO) Subha Tatavarti has resigned. Her resignation will be effective from August 16, 2024. In a regulatory filing, the company said: "Subha Tatavarti, CTO, resigned from the services of the company to pursue opportunities outside Wipro."
In a viral video of the court proceedings, the judge was seen reprimanding a woman lawyer on Thursday and reportedly made some objectionable comments.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
Leading global information technology firm Cognizant on Thursday said it has acquired Galileo Performance, a Paris-based provider of IT testing consulting services.
The company has not detailed out the geographies that would be impacted by the reductions. However, given that India accounts for the biggest share of the company's headcount, the impact of these layoffs is expected to be significant.
IT services major HCL Technologies (HCLTech) on Monday reported a 10.51 per cent increase in consolidated net profit to Rs 4,235 crore in July-September quarter of FY25, as the company raised the lower band of its growth guidance on the back of better-than-expected performance. The Noida-headquartered firm had posted a net profit of Rs 3,832 crore in the year-ago period. HCLTech increased the lower band of its revenue growth guidance to 3.5-5 per cent year-on-year in constant currency, against a guidance of 3-5 per cent in the first quarter.
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.
India's GDP is likely to grow at 6.5 to 7 per cent in the current fiscal year amid global challenges which may impact exports, said Economic Survey 2023-24 tabled in Parliament on Monday. The growth projected for 2024-25 is lower than the economic growth rate of 8.2 per cent estimated for the previous financial year. The Reserve Bank has projected the GDP growth for the fiscal year ending March 2025 at 7.2 per cent.
Despite growing rapidly in an adverse business climate, rumours cast doubts about its future.
IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April in recognition of their extraordinary continuity-of-service efforts amid the covid-19 outbreak. The move is expected to benefit over 1,30,000 Cognizant employees in India.
The man steering Cognizant today is boyish-looking, 44-year-old Francisco D'Souza, who could easily pass for an energetic student at a management school, than for the CEO of a top-flight technology company.
Cognizant, an IT service provider,plans to start operations in Hungary and Philippines. The company is also considering expanding to Europe.
Firm to prune domestic costs through initiatives such as voluntary separation
The implementation of this toll collection system, which will eventually eradicate toll booths, necessitates the fitting of an on-board unit (OBU) in every vehicle that can track a vehicle's location in real time.
The report said the gap in revenue growth between Cognizant and TCS had reached to its lowest of four percentage points in the four-quarter period ended September, 'despite TCS's larger revenue base'.
Adding another feather to its cap, IT major Cognizant has joined the prestigious league of Fortune 500 companies.
Elon Musk has announced that a massive DDoS attack hit his livestream with former United States President Donald Trump, forcing X owner to scale down the live audience.
Leading IT service provider, Cognizant Technology Solutions is looking at India as a talent pool for global market, a senior company official said on Wednesday.
The company, which had made voluntary disclosures about the bribery incident to the US authorities, also said with this resolution, there was no pending investigations against Cognizant.
The NCW said it strongly condemns the defamatory remarks and requests strict action against Moitra.
A division bench of Justices Gautam Patel and Kamal Khata took suo motu cognizance of the tragic incident and initiated a public interest litigation on the issue.
Congress spokesperson Supriya Shrinate also shared the video and said the BJP leader is openly threatening to kill the Leader of the Opposition of this country.
The allegations of DDT evasion is connected to some transactions the Indian entity has made while buying shares of the company from the Mauritius and US companies of Cognizant.
With the rush of growth after the pandemic slowing down, many leaders are moving to firms that may be smaller but are growing much faster and have the headroom to grow.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
The mix of direct college hires and experienced professionals in global information technology major Cognizant Technology has witnessed a change in the recent past.
IT major Cognizant Technology Solutions said on Friday that its development centre in China was expected to get legal status by August-end and the operations would be headed by Henry Yang, a Chinese native.
In a chat with Shivani Shinde, Cognizant vice-chairman Lakshmi Narayanan explained the rationale behind the current acquisition and the way ahead.
Cognizant is one of the largest employers in the region.
He heard a firecracker-like sound while being asleep at his residence in Galaxy Apartments in the early hours of April 14, Khan told police.
He said the multi-party committee formed by the Speaker in Himachal Pradesh would discuss all issues about street vending on October 3. Singh's remarks came a day after the Congress top brass chided him over his remarks on mandatory display of names by the street vendors and told him that no one was allowed to go against the party's policies and ideologies.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances