Nasdaq-listed IT firm Cognizant on Wednesday said it will pay its senior executives 100 per cent performance-linked stock options if the company's revenues touch $8.51 billion in fiscal year 2013.
Beats estimates with 22 per cent increase in net profit.
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.
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Meanwhile, NSE was also ranked first in number of equity trades for the first half of 2013 with a total of 71.18 crore (711.8 million) trades.
The two largest stock exchanges of the world cut salaries of their CEOs.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The changes are effective from April 1, the NASDAQ-listed IT major said in a statement.
Futures for the S&P 500 were down 1.4 per cent, Dow Jones futures were 1.3 per cent lower and Nasdaq 100 futures were down 1.4 per cent at 0939 GMT.
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.
Despite growing rapidly in an adverse business climate, rumours cast doubts about its future.
The 15 Indian entities listed on the New York Stock Exchange and Nasdaq saw their cumulative market value plummet.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
On April 10, the Nifty could have begun a new super cycle which could run to 2025, says Sonali Ranade
Nasdaq-listed Silicon Image Inc, a provider of wireless and wired high-definition connectivity solutions for consumer electronics, mobile and PC markets, has developed GameChanger, a wirelessHD 60-GHz chipset that supports interactive wireless HD video and audio transmission between portable devices and mobile HD link-enabled displays and projectors.
Monday's drop followed an 8.5 per cent slump in Chinese markets.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Analysts worldwide are expecting that Facebook can list at a huge premium as the number of shares on offer is minuscule in comparison to the high level of investor interest. They are also expecting a closing price above $50 mark.
When the founder and CEO of MakeMyTrip.com, Deep Kalra, spoke of his plans to expand the company's offline retail stores, the American board members of the Nasdaq-listed online travel firm found the idea revolutionary.
In 2010, Kraft Foods had acquired British candy maker Cadbury in a deal worth close to $19 billion.
India's largest travel portal, MakeMyTrip, is in a hurry to go places. Seven months after a listing on New York's NASDAQ, the firm now plans to raise additional funds from the market.
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.
Size of targeted firms for M&As increases from $10-20 mn to $80-100 mn.
US stock market indices may be performing better than India's popular benchmark Sensex, but individual Indian stocks have outshined their own American Depositary Receipts by up to 25 per cent in the past one year.
The shares would begin trading on the NASDAQ exchange on Thursday under the symbol 'FB'.
The last few weeks have seen heated exchanges between two important stakeholders in online travel, putting a damper on a fast-growing industry.
Founded in 2004, by Mark Zuckerberg, 28, the technology company, announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share.
Top five India-based IT services providers grew 23.8 per cent last year compared to 7.7 per cent growth logged by the overall global IT services market, research firm Gartner said on Monday.
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.
The Bangalore-based company has said in a filing to Nasdaq 'additional information for 2010-11' that the average age of its employees in 2011 stood at 27 years.
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.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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).
The common Indian is already under pressure from rising inflation, investments giving poor returns and lower salary hikes too!
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.
NASDAQ-listed Rediff.com India Limited on Tuesday launched new service, group deals, named Rediff Deal Ho Jaye!
Markets will remain closed today on account of voting for the general elections in Mumbai constituencies.
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