Cognizant

Thursday, Dec 07, 2023 | Last Update : 04:16 PM IST

IT shares tumble after Cognizant cuts growth outlook; TCS falls 3.70 pc

A strengthening rupee also weighed on the IT counters.

03 May 2019 5:16 PM

Out of the top three companies with highest H-1B visa denials in FY18, Cognizant was leading with 32 per cent denials followed by two Indian IT majors namely Infosys and TCS with 26 per cent and 18 per cent, Care Ratings said.

H1-B visa restrictions compel Indian tech firms to hire more locals: Report

Infosys led with 2,122 visa denials in fiscal year 2017-18, followed by its larger rival TCS with 1,896 rejections.

06 Apr 2019 10:47 AM

The two former executives have been charged for their roles in facilitating the payment of millions of dollars in bribe to an Indian government official, the SEC had said last week. This settlement appears to arise from an internal investigation by CTS that it first announced on September 30, 2016, L&T said. (Photo: File)

L&T distances itself from Cognizant's Indian bribery case

"We are not aware of any evidence that supports our involvement in making the alleged improper payments":L&T.

19 Feb 2019 10:23 AM

Last week, Cognizant was fined $25 million by the US Department of Justice for paying bribes in India, and two of its former executives were charged on 12 counts.

DMK demands case against Cognizant

As the company came under fire, D'Souza tried to clear the air, in an email to company employees on Monday.

19 Feb 2019 1:42 AM

The complaint alleges that in 2014, a senior Tamil Nadu official demanded a USD 2 million bribe from the construction firm responsible for building Cognizant's 2.7 million square foot campus in Chennai. (Photo: Twitter))

Cognizant to pay USD 25 mn to settle India bribery charges

Cognizant has agreed to pay USD 25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA).

16 Feb 2019 2:40 PM

Tata Motors, on Wednesday said it supplied ten Tigor Electric Vehicles (EVs) to IT major Cognizant which would deploy them in its city campus as part of its commitment to a sustainable environment.

Tata Motors supplies ten electric vehicles to Cognizant

Cognizant would deploy them in its city campus as part of its commitment to a sustainable environment.

18 Jul 2018 4:14 PM

Cognizant will continue to vigorously defend itself and will pursue all available legal remedies.

Paid all applicable taxes, I-T dept's position without merit: Cognizant

Company believes that the positions taken by the Indian Income Tax Department are contrary to law and without merit.

28 Mar 2018 2:41 PM

Cognizant said it had paid all applicable taxes due on the transaction. (Representational Image)

Accounts of Cognizant in Chennai, Mumbai frozen over tax irregularities

Cognizant failed to pay the tax of more than 25 billion rupees in 2016-17, the Hindu reported, citing officials from the tax department.

28 Mar 2018 9:41 AM

Cognizant has a significant chunk of its total 2.56 lakh workforce in India and it is estimated that of the 400 people who opted for the separation, a large number could be from India.

400 accept Cognizant’s quit deal

However, the company did not disclose the number of Indian executives who have accepted the offer.

07 Aug 2017 2:08 AM

About 400 senior executives of Cognizant have accepted the company's voluntary separation package (VSP).

400 Cognizant staffers accept its voluntary separation package

Cognizant has a total of 2.56 lakh workforce in India and it is estimated that a major chunk of these 400 people could be Indians.

06 Aug 2017 1:54 PM

US-based Cognizant posted an overall 86 per cent jump in June quarter's net profit at USD 470 million.

Cognizant posts 86 per cent jump in Q1 net profit

However, Cognizant that has a majority of its workforce in India, saw its headcount reducing by 4,400.

04 Aug 2017 11:45 AM

T V Mohandas Pai is former chief financial officer of Infosys.

IT layoffs, depression reports are exaggerated: Pai

Former CFO of Infosys, T V Mohandas Pai added such 'exaggerated' reports are based on a few events.

18 Jul 2017 3:29 PM

Anand Mahindra is executive chairman of Mahindra & Mahindra group.

I apologise, says Mahindra over pink slip to techie

Tech Mahindra top brass also apologised after staff's quitting interview audio clip went viral.

08 Jul 2017 10:35 AM

The company would communicate the employees about the salary hikes and promotions in the month of June every year.

Cognizant delays hikes till October

According to the email, the associates up to level of VP will be communicated about the promotions soon and it will be effective from October 1.

30 Jun 2017 1:12 AM

Indian IT expected to hire 1.3-1.5 lakh people in FY18

Fears of layoffs in IT sector have led to employees forming India's first tech union.

22 Jun 2017 1:40 PM

TCS' buyback program earns Rs 10,300 cr

The buyback program entailed 5.61 crore shares at a price of Rs 2,850 per equity share.

08 Jun 2017 4:54 PM

IT layoffs: Infosys says reports overhyped; to hire 20K

Infosys COO UB Pravin Rao said technology-driven transformation presents new opportunities for IT companies.

03 Jun 2017 12:20 PM

Tata Sons' chairman Natarajan Chandrasekaran.

Global IT spending will rise to $3.5 trn in 2017: Chandra

Tata Sons chairman says there was no reversal in trend of increased spending on technology.

29 May 2017 11:05 AM

Cognizant to hold talks with employees

Complaint was filed against Cognizant for forced resignation as the company went ahead with a performance-based human resource review.

28 May 2017 11:47 AM

IT industry to create 25-30 lakh jobs by 2025: Prasad

IT Minister Ravi Shankar Prasad refutes there is any downturn in employment in this sector.

24 May 2017 2:47 PM

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Dilip Cherian

cognizant