Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.
In a twist in the family feud, Abhishek Lodha-run Macrotech Developers on Wednesday alleged younger brother Abhinandan's firm fabricated documents to misuse the company's brand name to further its business interests.
Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.
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.
Kannada actress Ranya Rao's stepfather, Director General of Police Ramchandra Rao, has been sent on compulsory leave.
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.
The Supreme Court of India has reserved its verdict on a plea by BJP leader and former Karnataka Chief Minister B S Yediyurappa challenging an order reviving a corruption case against him. The case involves allegations of corruption and criminal conspiracy related to the allocation of industrial land. The court has framed several key legal questions, primarily focusing on the interplay between various provisions of the Prevention of Corruption Act and the Criminal Procedure Code regarding prior sanction to prosecute a public servant. The court has asked Yediyurappa's counsel to file written submissions within two weeks.
Indian Overseas Congress chief Sam Pitroda on Thursday said he was invited to speak at an Indian Institute of Technology-Roorkee event via a video link when just minutes after his speech, a hacker infiltrated and began streaming explicit, inappropriate content.
Congress president Mallikarjun Kharge has accused the BJP of rigging the Maharashtra assembly elections and called for a return to ballot paper voting. He also criticized the Modi government for selling off public assets, undermining democratic institutions, and promoting communal polarization. Kharge's remarks come as the Congress prepares for its AICC session in Ahmedabad, where it will present its political and economic views.
The returning officer for the New Delhi assembly segment has directed the police to investigate an incident of Bharatiya Janata Party candidate Parvesh Verma allegedly distributing shoes to electors at a Valmiki temple in violation of the poll code.
Two senior faculty members of Aligarh Muslim University (AMU) exchanged blows in an official meeting, leading to a possible departmental action. A video of the incident, which occurred on Sunday, has since surfaced on social media. The reason for the fight is still unknown, but AMU sources say it stemmed from a long-standing misunderstanding between the two professors.
Social media influencer Ranveer Allahbadia and other individuals associated with a YouTube reality show, "India's Got Latent, " face legal trouble after complaints were filed in Mumbai regarding offensive and vulgar content on the show. Two separate complaints, one with the police and another with a city court, were filed by members of the BJP and Congress, respectively. The complaints allege that the show promotes abusive language, vulgarity, and nudity. The YouTuber, with almost 16 million followers, has since apologized for his distasteful comments on parents and sex, which had sparked widespread outrage. The complaints seek action against Allahbadia, show host Samay Raina, fellow YouTuber Ashish Chanchlani, the show's makers, judges, and participants.
Rahul Gandhi made the statement on January 15, 2025, during the inauguration of the Congress Party's new headquarters at Kotla Road in Delhi.
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.
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.
According to the woman, as she was waiting for a bus for Phaltan in Satara district at one of the platforms around 5.45 am on Tuesday, a man approached her and engaged her in conversation, calling her 'Didi' (sister), and said the bus for Satara had arrived at another platform.
The Supreme Court of India has ruled that it is mandatory to consider the twin conditions laid out in the Prevention of Money Laundering Act (PMLA) when deciding bail applications in money laundering cases. The court emphasized the seriousness of the crime and the need to comply with the rigorous requirements of Section 45 of the PMLA, which includes giving the prosecutor an opportunity to oppose bail and ensuring that the court is satisfied that there are reasonable grounds to believe the accused is not guilty and unlikely to commit another offense on bail. The ruling was made in response to an appeal filed by the Enforcement Directorate against a Patna High Court order granting bail to an accused in a money laundering case. The Supreme Court found that the High Court had granted bail without properly considering the requirements of Section 45 and remanded the case back for a fresh review.
A woman in Uttarakhand was forced to transport her brother's body on the roof of a taxi after ambulance drivers demanded exorbitant fees. The incident sparked outrage, prompting the state's chief minister to order an investigation.
Although the number of resignations came down at Cognizant in April and continued to slow in May, the impact of attrition would play out in the second quarter also because of the longer notice period in India.
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
This time, not only would the job cuts be higher, but they would be even more broad-based, encompassing various levels of employees.
Aam Aadmi Party chief Arvind Kejriwal's car was pelted with stones during campaigning in the New Delhi constituency on Saturday, the party alleged.
'The steel industry expects the government to decide on safeguard measures from dumping post-Budget'
A coaching institute in Jaipur was sealed after several students fainted during a class, prompting calls for action against those responsible and a shift of such institutions to a designated "Coaching Hub". The incident, which saw students experiencing breathing difficulties and headaches, is suspected to have been caused by a gas leak from either a sewer line or the institute's kitchen. The Rajasthan Human Rights Commission has recommended free treatment and compensation for the affected students and an investigation into the matter.
Shubham Lonkar, the mastermind and wanted accused in Nationalist Congress Party leader Baba Siddique's murder had allegedly planned the murder of Aftab Poonawala, the accused arrested in the gruesome Shraddha Walker murder case, sources said.
A Delhi court has refused to take cognisance of a chargesheet against Adhunik Corporation Limited and its two directors in a coal scam case lodged by the Enforcement Directorate (ED), saying an attempt to acquire proceeds of crime or anticipating undue benefits cannot be termed money laundering.
It was alleged that the IT major made "improper payments to obtain permits and building licences in India"
The company expects around $40 million annualised revenue from the acquisition but declines to share financial details of the deal.
A company spokesperson told Business Standard that Amazon was committed to the safety and well-being of its employees. "Disciplinary proceedings have been initiated against the people involved in the incident. "The process is underway and we are looking at a potential case of 'separation' for the people involved within the next week or two," the spokesperson added.
A 23-year-old Dalit woman was found dead in Mainpuri, Uttar Pradesh, with her family alleging she was killed for refusing to vote for the Samajwadi Party in the Karhal assembly bypoll. Two individuals have been arrested in connection with the woman's death. The incident has escalated into a political controversy, with the BJP accusing the SP of creating an atmosphere of terror and the SP alleging that the Election Commission is turning a blind eye to the BJP's alleged misuse of government machinery. The bypoll in Karhal is being contested by the SP's Tej Pratap Singh and his 'fufa' Anujesh Pratap Singh, with the BSP also fielding a candidate.
The Saffron party alleged that the accused was a DMK office-bearer, which was denied by the ruling party.
Company says that the employees should not post disparaging content about Cognizant
Cognizant's consulting practice today has 5,500 consultants, perhaps one of the highest numbers when compared to Indian IT players.
A body representing the 'Khadims' of the Ajmer dargah has condemned a plea in a local court that seeks to declare the shrine of Khawaja Gharib Nawaz as a temple, saying right-wing forces were trying to "isolate" Muslims and "disrupt" communal harmony in the country.
Cognizant's success has come from its ability to learn how to change quickly and adapt rapidly.
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.
Cognizant becomes the second largest offshore-centric IT services player.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
Cadient clients are spread across pharmaceutical, biotechnology, consumer health and medical device industries.
In the quarter, Cognizant's revenue grew one per cent over the past quarter in North America.
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