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Page 2 - Cognizant

Case registered against Cognizant, L&T, unknown govt officials for bribery

The Anti-Corruption Bureau (ACB) of Maharashtra Police has registered an offence against officials of IT major Cognizant Technologies, Larsen & Toubro (L&T) and unknown government officials in an alleged USD 7,70,00 bribery case. On April 19, the sessions court here had directed the ACB to investigate allegations against Cognizant Technologies that it paid a bribe through its construction contractor (L&T) to local government officials to secure necessary permits and environmental clearances for its campus at Hinjawadi on the city's outskirts between 2013 and 2014. The offence was registered against officials of Cognizant Technologies; Manikandan Rammurthy, former vice president (administration and real estate officer, Cognizant, India), then officials of L&T, and unknown government officials who had accepted the bribe under the Prevention of Corruption Act, the ACB said in a release. The court had passed the order on April 19 on a complaint filed by Delhi-based ...

Case registered against Cognizant, L&T, unknown govt officials for bribery
Updated On : 08 May 2024 | 11:55 PM IST

IT giants Cognizant and Capgemini hired 150,000 fewer employees in 2023

Cognizant and Capgemini collectively employ around 400,000 people in India

IT giants Cognizant and Capgemini hired 150,000 fewer employees in 2023
Updated On : 06 May 2024 | 2:33 PM IST

Cognizant Q1 profit declines 6% to $546 million, revenue dips 1.2%

2024 full-year revenue guidance unchanged at -2% to 2%; firm signed 8 large deals during the quarter with TCV of $100 million each

Cognizant Q1 profit declines 6% to $546 million, revenue dips 1.2%
Updated On : 02 May 2024 | 11:54 PM IST

Cognizant partners with Microsoft to boost GenAI, copilot adoption

American IT firm Cognizant on Monday said it has partnered with Microsoft Corporation to expand the reach of the latter's generative AI and copilots, enhance employee experiences, and accelerate cross-industry innovation. The partnership will use Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise customers operationalise generative AI and realise strategic business transformation, a company statement said. The company said it will contribute to the projected USD 1 trillion that AI is expected to inject into the US GDP over the next 10 years. It added that the partnership will also benefit India. "AI is expected to add USD 450-500 billion to India's GDP by 2025, accounting for 10 per cent of the country's USD 5 trillion GDP target," it said. As part of the partnership, Cognizant purchased 25,000 Microsoft 365 Copilot seats for Cognizant associates, along with 500 Sales Copilot seats and 500 Services Copilot seats, and wil

Cognizant partners with Microsoft to boost GenAI, copilot adoption
Updated On : 22 Apr 2024 | 10:36 PM IST

Cognizant, Microsoft announce partnership to expand adoption of GenAI

Cognizant purchased 25,000 Microsoft 365 Copilot seats for Cognizant associates, along with 500 Sales Copilot seats and 500 Services Copilot seats

Cognizant, Microsoft announce partnership to expand adoption of GenAI
Updated On : 22 Apr 2024 | 9:01 PM IST

TCS, Accenture, Cognizant lead LinkedIn's top large companies list

Tata Consultancy Services has topped the LinkedIn's latest list of top companies to work for in India, followed by Accenture and Cognizant in the second and third place respectively. Professional networking platform LinkedIn on Tuesday released the 2024 Top Companies list for India wherein IT companies bagged the top three ranks, while financial services firms dominated the list with 9 out of 25 companies from this sector. The 8th edition has derived insights from LinkedIn data, and lists the top 25 large companies, 15 best mid-size companies, and provides insights on in-demand skills, top locations, and the largest job functions within these companies. Amongst large companies (500+ employees in India), Tata Consultancy Services retained its top spot this year, followed by Accenture and Cognizant. Continuing the trend from last year, financial services dominated the 2024 list with 9 out of 25 companies from this sector including Macquarie Group (4th place), Morgan Stanley (5th), an

TCS, Accenture, Cognizant lead LinkedIn's top large companies list
Updated On : 17 Apr 2024 | 9:05 PM IST

TCS to Cognizant: Who is the highest paid CEO in Indian IT sector?

Cognizant's filing with Nasdaq mentioned the CEO's performance stock units (PSUs) and restricted stock units (RSUs)

TCS to Cognizant: Who is the highest paid CEO in Indian IT sector?
Updated On : 16 Apr 2024 | 10:51 AM IST

Wipro's leadership crisis gets more severe with Thierry Delaporte's exit

While analysts and industry watchers saw Delaporte's exit coming, it was not expected to be this abrupt, this soon

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Updated On : 09 Apr 2024 | 12:46 PM IST

Cognizant defers annual salary hikes to Aug 1, says 'recognises hard work'

Nasdaq-listed information technology company employs some 250,000 people in India

Cognizant defers annual salary hikes to Aug 1, says 'recognises hard work'
Updated On : 06 Apr 2024 | 1:52 PM IST

Cognizant defers salary hikes by four months to August 1, says report

Cognizant said that the majority of its associates have seen four merit increases within 3 years, with the last cycle being April 1, 2023

Cognizant defers salary hikes by four months to August 1, says report
Updated On : 06 Apr 2024 | 1:20 PM IST

Cognizant CEO Ravi Kumar S joins USISPF as member of board of directors

Ravi Kumar S, the CEO of Cognizant, has joined the US-India Strategic and Partnership Forum as a member of its board of directors, it was announced on Tuesday. Ravi is a doyen in the tech industry and is a foremost thought leader who has unparalleled insights on the dynamic and fast-changing nature of the tech sector, USISPF president and CEO Mukesh Aghi said in an announcement. In an era of a digital-first economy and digital trade, Cognizant's work through the years exemplifies the burgeoning collaboration in the US-India technology partnership success story, he said. India's robust tech talent remains pivotal in fortifying and expanding the tech sector within the United States, Aghi said. Congratulating Ravi, USISPF Chairman John Chambers said the Cognizant CEO is an accomplished leader in IT services, and his broad experience in the industry touching digital transformation, engineering services, data analytics, and more puts him in the top calibre of experts supporting ...

Cognizant CEO Ravi Kumar S joins USISPF as member of board of directors
Updated On : 05 Mar 2024 | 6:40 PM IST

Cognizant asks India employees to work from office for three days in a week

Around 254,000 of Cognizant's 347,700 employees are based in India, making it the firm's largest employee base, according to its annual report

Cognizant asks India employees to work from office for three days in a week
Updated On : 29 Feb 2024 | 12:14 AM IST

Cognizant's workforce reduces by 7,600 in 2023; 4,500 cut in India

Total global headcount of Cognizant at the end of 2023 was 347,700, with nearly 250,000 employees in India

Cognizant's workforce reduces by 7,600 in 2023; 4,500 cut in India
Updated On : 16 Feb 2024 | 10:34 AM IST

Cognizant Q4 profit up 7% at $558 mn, 2024 revenue guidance at -2% to 2%

The firm, based in Teaneck, New Jersey, reported a 7 per cent increase in net profit at $558 million for the December quarter

Cognizant Q4 profit up 7% at $558 mn, 2024 revenue guidance at -2% to 2%
Updated On : 07 Feb 2024 | 11:21 PM IST

'It's nothing personal': Wipro on lawsuits against senior executives

Wipro sued Dalal, accusing him of violating the non-compete clause in his employment contract by joining rival Cognizant within 12 months from his last date of work

'It's nothing personal': Wipro on lawsuits against senior executives
Updated On : 13 Jan 2024 | 12:06 AM IST

SC upholds HC order directing Cognizant to pay Rs 2,956 crore to IT dept

Cognizant, in December last year, sought an interim stay on all recovery proceedings against it and offered to pay the base amount of Rs 1,500 crore in cash

SC upholds HC order directing Cognizant to pay Rs 2,956 crore to IT dept
Updated On : 11 Jan 2024 | 6:25 PM IST

It's talent tug of war: Why Cognizant is in the crosshairs of top IT firms

Cognizant pulling top executives from rivals has triggered a legal battle at a time when the pie is shrinking

It's talent tug of war: Why Cognizant is in the crosshairs of top IT firms
Updated On : 04 Jan 2024 | 10:39 PM IST

Court to pass orders on ex-CFO's plea for arbitration with Wipro on Jan 3

A civil court in Bengaluru will pass orders on January 3 on two interlocutory applications (IA) by Wipro Limited's former Chief Financial Officer (CFO) Jatin Pravinchandra Dalal seeking arbitration with his former company. The suit filed by Wipro on November 28 seeks payment of compensation of Rs 25,15,52,875 with interest of 18 per cent for allegedly violating a clause in his employment contract with the company. Dalal resigned from Wipro in September and is set to join rival Cognizant in January. Allegedly, the non-compete clause prevents Dalal from joining a rival within one year of leaving the company, failing which he would be liable to compensate Wipro with the value of the Restricted Stock Units (RSU) allotted to him or the sum of his total remuneration in the previous 12 months. Earlier on November 28, the counsel for Dalal had filed a memo stating that the defendant was hospitalised. In a subsequent hearing, Dalal's counsel filed IA No 4 under Section 8(2) of the Arbitrati

Court to pass orders on ex-CFO's plea for arbitration with Wipro on Jan 3
Updated On : 29 Dec 2023 | 7:28 PM IST

Infosys accuses Cognizant of unfair employee poaching, sends letter to firm

Infosys sent a written communication to Cognizant after a number of its senior executives left to join the firm

Infosys accuses Cognizant of unfair employee poaching, sends letter to firm
Updated On : 27 Dec 2023 | 6:31 PM IST

Wipro files suit against former CFO Jatin Dalal after he joins Cognizant

The IT giant also recently filed a complaint against its former senior executive Mohd Haque, and accused him of violating a non-compete clause embedded within his employment contract

Wipro files suit against former CFO Jatin Dalal after he joins Cognizant
Updated On : 27 Dec 2023 | 12:32 PM IST