AI is now performing nearly 37% of entry-level tasks in India, exceeding the global average. HR leaders a ...More

AI is now performing nearly 37% of entry-level tasks in India, exceeding the global average. HR leaders anticipate entry-level roles will evolve to supervising AI systems within five years, with AI also expected to create new job categories. Organizations are increasingly focusing on AI skills for all roles, enabling employees to concentrate on higher-value, strategic responsibilities. ...Less

IT firms are flagging a new AI challenge: 'token maxxing,' where companies prioritize AI usage metrics ov ...More

IT firms are flagging a new AI challenge: 'token maxxing,' where companies prioritize AI usage metrics over actual business results. This trend, akin to past cloud spending issues, sees token consumption treated as value. Experts emphasise tracking AI's impact on workflows and outcomes, not just its input. ...Less

Eight individuals arrested in connection with alleged theft of donations at Ayodhya's Ram temple have bee ...More

Eight individuals arrested in connection with alleged theft of donations at Ayodhya's Ram temple have been remanded to 14 days judicial custody. The Faizabad Bar Association has resolved that none of its members will represent the accused, citing hurt sentiments. Meanwhile, Rajya Sabha MP Kapil Sibal criticized the government, alleging corruption and invoking Lord Ram. ...Less

India expressed cautious optimism regarding the US-Iran understanding and the reopening of the Strait of ...More

India expressed cautious optimism regarding the US-Iran understanding and the reopening of the Strait of Hormuz, according to National Security Adviser Ajit Doval. He highlighted that improved navigation will bolster regional economies and energy security, potentially easing shortages in crucial sectors like fertilizers and chemicals. Doval also addressed the world's current security challenges, including geopolitical uncertainties and evolving threats like cyber warfare and camouflaged terrorism. ...Less

An Indian-origin toddler from Illinois is on a quest to become the youngest person to visit all 63 U.S. n ...More

An Indian-origin toddler from Illinois is on a quest to become the youngest person to visit all 63 U.S. national parks. Little Aarya, accompanied by her parents, has already explored 34 parks and aims to complete the challenge within two years. Their journey, initially to introduce Aarya to nature, gained momentum after a park ranger's suggestion. ...Less

Kunal Shah, CRED founder, is set to lead WhatsApp globally, joining a distinguished line of Indian-origin ...More

Kunal Shah, CRED founder, is set to lead WhatsApp globally, joining a distinguished line of Indian-origin tech leaders. This appointment highlights the increasing influence of Indian talent in steering major global technology firms. Recent moves include Asha Sharma at Microsoft Gaming and Rahul Patil at Anthropic, building on the legacies of Satya Nadella, Sundar Pichai, Shantanu Narayen, and Arvind Krishna who have transformed tech giants. ...Less

India's National Security Advisor Ajit Doval expressed cautious optimism regarding the US-Iran MOU, antic ...More

India's National Security Advisor Ajit Doval expressed cautious optimism regarding the US-Iran MOU, anticipating it will bolster energy security and ease supply chain issues for crucial goods like fertilisers. He highlighted the positive implications for freedom of navigation in the Strait of Hormuz, predicting a significant boost to regional and global economic prosperity. This development is seen as a welcome step towards improved trade and stability. ...Less

India's economic headwinds are easing, with falling crude oil prices and a stabilizing rupee poised to bo ...More

India's economic headwinds are easing, with falling crude oil prices and a stabilizing rupee poised to boost the market. Helios Mutual Fund CEO Dinshaw Irani anticipates oil prices dropping to around $65 per barrel, significantly benefiting India. He favors discretionary consumption, especially digital-first companies targeting younger generations, over FMCG. IT valuations are seen as a trap, while financial sector banks require careful observation. ...Less

Cognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after more than two d ...More

Cognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after more than two decades. The reshuffle sees AI-focused firms like Astera Labs and CoreWeave added, reflecting a market shift towards AI and semiconductor companies. This change follows a significant drop in Cognizant's stock value over the past six months. ...Less

Separately, a plea seeking a time-bound investigation by a CBI-led multi-disciplinary team came before th ...More

Separately, a plea seeking a time-bound investigation by a CBI-led multi-disciplinary team came before the Supreme Court, but the vacation bench questioned the urgency and postponed the hearing until after the summer break, saying "heavens are not going to fall". ...Less

Two prominent food companies, Storia Foods and Mrs. Bectors Food Specialities, have been fined Rs 1 lakh ...More

Two prominent food companies, Storia Foods and Mrs. Bectors Food Specialities, have been fined Rs 1 lakh each by the Central Consumer Protection Authority. The penalty stems from misleading '100%' claims on their product packaging, falsely representing product composition. Both firms are now mandated to immediately remove these deceptive claims from all platforms, including websites and digital media, following action under consumer protection laws. ...Less

Accenture's Q3 FY26 results revealed a slowdown in IT demand, with the company missing revenue estimates ...More

Accenture's Q3 FY26 results revealed a slowdown in IT demand, with the company missing revenue estimates and lowering its full-year guidance. While Middle East conflicts and longer decision cycles impacted revenue, the results serve as a cautionary signal for Indian IT firms, particularly concerning slower growth in the Americas market. ...Less

India's software services industry is finding new growth in data centers and AI. Companies like HCLTech, ...More

India's software services industry is finding new growth in data centers and AI. Companies like HCLTech, TCS, Accenture, and Cognizant are investing heavily in AI platforms and infrastructure. This strategic shift aims to position them as end-to-end partners. ...Less

Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cu ...More

Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cut. Structural fears around AI replacing traditional services and geopolitical headwinds are deepening the sector's pain. Analysts anticipate further moderation and a shift towards M&A and new client acquisition to counter slowing growth. ...Less

A tech professional's swift departure from a major IT firm just two days after onboarding, driven by a lu ...More

A tech professional's swift departure from a major IT firm just two days after onboarding, driven by a lucrative offer exceeding ₹50 lakh annually, has ignited a Reddit debate. The employee's concern about receiving Provident Fund (PF) for their brief tenure sparked discussions on short-term employment and the lucrative nature of high-paying tech jobs in India, with users sharing experiences about PF account creation even for minimal service. ...Less

Accenture's slump signals headwinds for Indian IT, with Sandip Sabharwal viewing them as trading plays ra ...More

Accenture's slump signals headwinds for Indian IT, with Sandip Sabharwal viewing them as trading plays rather than long-term investments due to macro and AI threats. While Bata India sees a management change, Sabharwal urges caution, emphasizing execution over announcements. He also dismisses high valuations in the EMS sector, pointing to autos as a potential opportunity. ...Less

U.S. stock indexes rose Thursday, led by semiconductor shares and easing inflation fears, despite anticip ...More

U.S. stock indexes rose Thursday, led by semiconductor shares and easing inflation fears, despite anticipated Federal Reserve interest rate hikes. Intel surged to a record high after President Trump announced a deal for U.S.-based chip design and manufacturing. Oil prices slid as the U.S. and Iran extended an interim agreement, allowing for continued passage through the Strait of Hormuz. ...Less

Wall Street's major indexes saw gains on Thursday, with technology shares spearheading the advance. Optim ...More

Wall Street's major indexes saw gains on Thursday, with technology shares spearheading the advance. Optimism surrounding a potential Middle East peace deal helped to overshadow concerns about a hawkish Federal Reserve under new Chair Kevin Warsh. The Dow, S&P 500, and Nasdaq all opened higher. ...Less

Happy Friday! Personal care giant L’Oreal has acquired a majority stake in Innovist in India’s biggest D2 ...More

Happy Friday! Personal care giant L’Oreal has acquired a majority stake in Innovist in India’s biggest D2C deal. This and more in today’s ETtech Morning Dispatch. ...Less

Indian businesses are increasingly embedding AI, transforming operations and yielding measurable returns. ...More

Indian businesses are increasingly embedding AI, transforming operations and yielding measurable returns. However, legacy infrastructure, skill gaps, and a need for business model shifts pose challenges. Experts emphasise domain-specific AI applications and developing indigenous language models as India's key opportunity. ...Less

Cognizant has launched the Ace Team Program in India to cultivate engineering talent for client digital t ...More

Cognizant has launched the Ace Team Program in India to cultivate engineering talent for client digital transformations and its AI goals. Selected engineers will develop niche AI offerings, support technology initiatives, and drive innovation as full-stack AI Engineers, working on client engagements and building AI-native capabilities. ...Less

Tata Consultancy Services has launched a new business unit, Global Value & Innovation Centres, to assist ...More

Tata Consultancy Services has launched a new business unit, Global Value & Innovation Centres, to assist enterprises in establishing and managing global capability centres (GCCs). This unit will focus on creating "AI-native GCCs" and transforming existing ones, offering services across the entire lifecycle from strategy to AI-led operations. ...Less

The increasing adoption of AI is driving Indian IT firms and clients towards outcome-based contracts. Whi ...More

The increasing adoption of AI is driving Indian IT firms and clients towards outcome-based contracts. While this shift aims to improve client retention and revenue scaling, it introduces significant risks of revenue fluctuations and increased litigation for IT companies due to the complex attribution of business outcomes. ...Less

Indian semiconductor startup AGNIT Semiconductors has established a new GaN testing laboratory at IISc Be ...More

Indian semiconductor startup AGNIT Semiconductors has established a new GaN testing laboratory at IISc Bengaluru. This facility, built with a Rs 3 crore investment, will accelerate the commercialization of indigenous technologies. AGNIT aims to enhance validation and reliability testing for GaN chips used in defence and telecom. ...Less

India reports a decrease in overall crime, attributed to public investment, digitization, and enhanced su ...More

India reports a decrease in overall crime, attributed to public investment, digitization, and enhanced surveillance. Cybercrime, however, is on the rise. Crime against women has also seen a reduction. Increased CCTV cameras and integrated command centers contribute to higher crime detection rates. Economic growth benefits from reduced crime. ...Less

India's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights ...More

India's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights a shift towards automation and improved productivity. Job openings have decreased, indicating a more selective hiring approach. Companies are focusing on delivering integrated business outcomes rather than expanding teams for individual projects. This strategy allows for more efficient operations and growth. ...Less

Midcap stocks have dominated performance for a decade, but a shift towards small caps is emerging. Flexi- ...More

Midcap stocks have dominated performance for a decade, but a shift towards small caps is emerging. Flexi-cap funds are increasing small-cap allocations, driven by improved fundamentals and regulatory advantages. While small caps offer potential alpha, investors must navigate their inherent volatility and focus on fundamentally strong businesses. ...Less

The Indian government is set to introduce new rules for edible oil packaging. This move aims to standardi ...More

The Indian government is set to introduce new rules for edible oil packaging. This move aims to standardize pack sizes, making it easier for consumers to compare prices. Manufacturers believe this will lead to fairer competition and better transparency. The initiative also focuses on sustainable packaging practices. Consumers will benefit from clearer choices and increased confidence in packaged edible oils. ...Less

The National Investigation Agency has filed chargesheets against 31 individuals. These charges relate to ...More

The National Investigation Agency has filed chargesheets against 31 individuals. These charges relate to road blockades and the illegal detention of judicial officers in Malda. The incidents occurred ahead of the assembly polls. The NIA's investigation established coordinated unlawful assemblies and obstruction of government officials. The accused disrupted law and order through their actions. ...Less

India's consumer watchdog has fined edtech firm PhysicsWallah and cybersecurity company McAfee. They were ...More

India's consumer watchdog has fined edtech firm PhysicsWallah and cybersecurity company McAfee. They were found using deceptive interface designs, known as dark patterns. These tricks manipulated users into unintended actions. PhysicsWallah faces a Rs 5 lakh penalty, while McAfee is fined Rs 1 lakh. Both companies must immediately remove these practices from their platforms. ...Less

Anupinder Singh Grewal, the new chief of NCLT, has openly recognized the long-standing delays in resolvin ...More

Anupinder Singh Grewal, the new chief of NCLT, has openly recognized the long-standing delays in resolving cases, emphasizing that such feedback is vital for reform. He stated that while it's crucial to achieve resolutions within set timeframes, the adjudication process requires a thoughtful approach rather than a robotic one. ...Less

A wife can still seek more maintenance money even after signing a waiver agreement for a lump-sum payment ...More

A wife can still seek more maintenance money even after signing a waiver agreement for a lump-sum payment. The Punjab and Haryana High Court ruled that such agreements go against public policy. The court stated that a Rs 60,000 waiver was insufficient. The wife's inability to maintain herself, despite past work, allows her to claim maintenance. ...Less

Indian corporate earnings are meeting expectations, but market sentiment is subdued due to broader econom ...More

Indian corporate earnings are meeting expectations, but market sentiment is subdued due to broader economic concerns, not company performance. Foreign investors are reducing exposure, particularly in heavily owned sectors like banking. While large-cap indices are weighed down by IT and banking, growth is strong in mid and small-cap segments, driven by themes like EVs, digital, and defence. ...Less

Nippon India Mutual Fund's Rupesh Patel remains constructive on midcaps despite concerns over valuations, ...More

Nippon India Mutual Fund's Rupesh Patel remains constructive on midcaps despite concerns over valuations, citing resilient earnings growth and improved valuation comfort after a prolonged time correction. He favours financials, consumer discretionary and select industrials, while emphasising a bottom-up stock-picking approach to navigate geopolitical and macroeconomic uncertainties. ...Less

The National Investigation Agency has apprehended fifteen individuals in Malda, West Bengal. These arrest ...More

The National Investigation Agency has apprehended fifteen individuals in Malda, West Bengal. These arrests stem from their involvement in blocking roads and illegally detaining judicial officers. The incidents occurred last month during electoral roll revision. The NIA conducted a special operation to apprehend the accused. They were presented before a court. This action follows a Supreme Court directive. ...Less

Senco Gold saw gold volumes decrease by 6% in FY26. However, silver and diamond sales increased significa ...More

Senco Gold saw gold volumes decrease by 6% in FY26. However, silver and diamond sales increased significantly. The company achieved its highest-ever Q4 retail sales, boosted by wedding and gifting demand. Senco Gold anticipates over 20% revenue growth in the current fiscal year, driven by its expanding network and brand strength. ...Less

A software engineer lost his life early Saturday morning. His car collided with a crane allegedly parked ...More

A software engineer lost his life early Saturday morning. His car collided with a crane allegedly parked without warning signs near Sikanderpur Metro Station. The family alleges negligence by the agency installing surveillance cameras. Police have registered a case and are investigating the roles of the crane driver and contractor. ...Less

Cognizant has raised its share buyback programme to $2 billion, signalling strong capital return plans an ...More

Cognizant has raised its share buyback programme to $2 billion, signalling strong capital return plans and confidence in long-term growth. The move triggered a sharp rally in the stock, even as the IT services firm continues to face pressure from a broader multi-year decline and valuation concerns. ...Less

Indian cement companies anticipate strong growth of 7-8 per cent in FY27. Government infrastructure proje ...More

Indian cement companies anticipate strong growth of 7-8 per cent in FY27. Government infrastructure projects and housing demand are key drivers. Companies are increasing capital expenditure to support this expansion. Despite rising fuel costs and geopolitical concerns, the sector remains optimistic about its long-term growth trajectory. ...Less

A 10-year-old girl's brutal murder in Coimbatore has sparked outrage, with Tamil Nadu CM C Joseph Vijay p ...More

A 10-year-old girl's brutal murder in Coimbatore has sparked outrage, with Tamil Nadu CM C Joseph Vijay promising swift action and directing an expeditious investigation. Two individuals have been apprehended as political leaders across the state demand justice and stricter law and order measures. ...Less

Microsoft is building its largest data center in India, scheduled for completion by mid-2026. This expans ...More

Microsoft is building its largest data center in India, scheduled for completion by mid-2026. This expansion is fueled by strong demand for Azure cloud services and the Copilot 365 AI assistant. The company is investing heavily in India's growing AI market, recognizing its potential with over a billion internet users and skilled tech talent. ...Less

India's global capability center landscape is booming, serving as a catalyst for technological and servic ...More

India's global capability center landscape is booming, serving as a catalyst for technological and service-driven growth. While discussions on quantifying its impact persist, it’s notable that multinational exports are anticipated to hit $164 billion by 2025-26. The workforce has expanded to a remarkable 4.2 million, with AI set to revolutionise job roles. ...Less

Indian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins ...More

Indian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins for dollar-earning software exporters. Despite ongoing AI disruption concerns, positive sentiment emerged from AI implementation roles for IT firms and attractive valuations, signaling a potential turnaround for the sector. ...Less

India's food regulator, FSSAI, has summoned quick-commerce platform Blinkit to explain consumer complaint ...More

India's food regulator, FSSAI, has summoned quick-commerce platform Blinkit to explain consumer complaints regarding the sale of poor-quality eggs. Reports indicate issues like foul smells and rubbery textures, prompting FSSAI to hold e-commerce platforms accountable for product quality. The regulator also outlined guidelines for proper egg storage to maintain freshness. ...Less

India's food regulator FSSAI has asked quick-commerce firm Blinkit for an explanation. This follows consu ...More

India's food regulator FSSAI has asked quick-commerce firm Blinkit for an explanation. This follows consumer complaints about poor-quality eggs sold on their platform. FSSAI has taken suo-moto cognisance of these social media complaints. Blinkit has been directed to submit an action taken report within a week. Consumers reported bad odor and rubber-like texture in the eggs. ...Less

US venture capital fund Silicon Road Ventures has partnered with former Bank of America India MD Ajay Mah ...More

US venture capital fund Silicon Road Ventures has partnered with former Bank of America India MD Ajay Mahajan to launch a Rs 150-crore alternative investment fund. This fund will invest in early-stage startups developing Agentic AI solutions for B2B commerce technology, focusing on areas like supply chain and fintech. ...Less

Dollar surged to a two-month high, fueled by rising energy prices and shipping disruptions, intensifying ...More

Dollar surged to a two-month high, fueled by rising energy prices and shipping disruptions, intensifying inflation fears and boosting expectations for a Federal Reserve rate hike. Meanwhile, cautious optimism surrounds U.S.-China talks, with leaders discussing trade and the Strait of Hormuz. The yen and euro weakened against the strong dollar. ...Less

The government is promoting decentralized development through clusters and simplifying business processes ...More

The government is promoting decentralized development through clusters and simplifying business processes. Plans are underway to list 100 Andhra Pradesh companies on the NSE within three months. ...Less

NEET-UG 2026 has been cancelled following paper leak allegations. Gujarat minister Praful Pansheriya assu ...More

NEET-UG 2026 has been cancelled following paper leak allegations. Gujarat minister Praful Pansheriya assured students no new registration or fees are required for the rescheduled exam. The Centre has ordered a CBI probe into the irregularities. This marks the second consecutive year of NEET disruptions. The NTA aims to restore trust in the examination system. ...Less

Amit Chilka retired from corporate life at 45 with a Rs 1 crore corpus, challenging the notion that massi ...More

Amit Chilka retired from corporate life at 45 with a Rs 1 crore corpus, challenging the notion that massive wealth is required for early retirement. He rebuilt his life in Dehradun, focusing on consulting and coaching, significantly reducing expenses by living rent-free and cutting lifestyle spending. ...Less

Global tensions from the West Asia war will impact economies. Union Minister Ashwini Vaishnaw urged citiz ...More

Global tensions from the West Asia war will impact economies. Union Minister Ashwini Vaishnaw urged citizens to support the Centre's efforts. Prime Minister Narendra Modi called for fuel-saving and cost-cutting measures. India remains vulnerable due to energy import dependence. The government's policies have maintained stability so far. ...Less

Recent election losses have prompted regional parties to reassess their political strategies and the INDI ...More

Recent election losses have prompted regional parties to reassess their political strategies and the INDIA bloc's future. Mamata Banerjee and Akhilesh Yadav are pushing for unity. However, the Congress parting ways with the DMK has created friction. Tejashwi Yadav believes regional parties are key to countering the BJP. Uncertainty lingers over opposition unity as upcoming elections approach. ...Less

AI costs are increasing for US models. This signals a need for India to develop its own technology infras ...More

AI costs are increasing for US models. This signals a need for India to develop its own technology infrastructure. Reliance is entering the AI space. India must focus on compute-efficient research and affordable power. This approach will ensure long-term technological independence and avoid future disruptions. ...Less

Software firm Mphasis has filed a lawsuit against rival Coforge in a US court. Mphasis claims Coforge hir ...More

Software firm Mphasis has filed a lawsuit against rival Coforge in a US court. Mphasis claims Coforge hired its former executives in violation of contracts. The suit also alleges Coforge gained access to confidential client information. Mphasis seeks to prevent Coforge from employing former executives on shared client accounts. Coforge denies the allegations and plans to defend itself vigorously. ...Less

Net profit was $663 million in the same period a year earlier. However, sequentially, net profit gained b ...More

Net profit was $663 million in the same period a year earlier. However, sequentially, net profit gained by 2.1%. Despite the flat profit growth, revenue for the quarter grew 5.8% YoY to hit $5.4 billion, beating its own forecast for the quarter. On a constant currency basis, revenue for the quarter grew 3.9%, against its estimates of a growth between 2.7% to 4.2%. ...Less

Cognizant Technology is set to acquire Astreya for approximately $600 million. The deal, expected to conc ...More

Cognizant Technology is set to acquire Astreya for approximately $600 million. The deal, expected to conclude in the second quarter of 2026, will bolster the company's offerings as businesses increasingly invest in AI technologies. ...Less

Cognizant Technology has recently announced an unexpected decline in its quarterly revenue forecast, indi ...More

Cognizant Technology has recently announced an unexpected decline in its quarterly revenue forecast, indicating that clients are exercising restraint in their IT service expenditures due to prevailing economic anxieties. Additionally, the firm has adjusted its annual revenue outlook lower as a result. ...Less

Samajwadi Party chief Akhilesh Yadav has called for Supreme Court intervention in the West Bengal Assembl ...More

Samajwadi Party chief Akhilesh Yadav has called for Supreme Court intervention in the West Bengal Assembly polls. He demanded that video recordings of vote counting be made public. Yadav cited alleged irregularities in past elections and expressed concern that similar tactics could be used in Uttar Pradesh's upcoming assembly elections. He stated his intention to visit West Bengal. ...Less

Pakistan's armed forces have revealed plans to amplify their military capabilities to meet upcoming threa ...More

Pakistan's armed forces have revealed plans to amplify their military capabilities to meet upcoming threats. Reflecting on the anniversary of a notable conflict with India, they marked the occasion as a pivotal moment in their history. The military is focusing on adopting advanced technologies and refining training methods to maintain readiness against any form of aggression. ...Less

Tovino Thomas, gearing up for his film Athiradi, looks back at his challenging beginnings in cinema. He f ...More

Tovino Thomas, gearing up for his film Athiradi, looks back at his challenging beginnings in cinema. He faced insults on sets but found them valuable for his journey. The Malayalam actor transitioned from software engineering to acting, achieving significant recognition with films like Minnal Murali, ARM and Lokah Chapter 1. Read on! ...Less

Care Ratings downgraded Goswami Infratech’s NCDs citing delayed fundraising, extended redemption timeline ...More

Care Ratings downgraded Goswami Infratech’s NCDs citing delayed fundraising, extended redemption timeline, weak cash flows and refinancing risks. The firm’s holding structure and reliance on dividends add pressure, though past refinancing success and strategic stakes provide limited financial flexibility support ...Less

The Bar Council of India has approached the Chief Justice of India. This follows a disturbing incident wh ...More

The Bar Council of India has approached the Chief Justice of India. This follows a disturbing incident where an Andhra Pradesh High Court judge reportedly sent a young advocate to 24-hour judicial custody. The judge's action was reportedly for a procedural lapse during a hearing. The Bar Council has requested immediate intervention and administrative action. ...Less

Quotes of the day by Edgar Allan Poe: This quote questions the boundary between madness and genius, sugge ...More

Quotes of the day by Edgar Allan Poe: This quote questions the boundary between madness and genius, suggesting that extreme intelligence might appear chaotic or irrational to society. His life and works, marked by dark themes and psychological depth, often explored the complexities of the human mind, leading to his own misunderstanding by contemporaries. ...Less

Bengaluru-based Mphasis has sued rival Coforge and former executive Brijesh Khergamker in a US federal co ...More

Bengaluru-based Mphasis has sued rival Coforge and former executive Brijesh Khergamker in a US federal court. Mphasis alleges Coforge hired its executives in violation of contractual restrictions and gained access to confidential client information, seeking damages and injunctive relief. ...Less

AI-skilled professionals are commanding significant pay premiums, earning up to 60% more than their peers ...More

AI-skilled professionals are commanding significant pay premiums, earning up to 60% more than their peers in other tech fields. This widening salary gap is expected to persist and grow over the next two to three years as companies increasingly adopt AI-influenced pay frameworks and automation impacts entry-level roles. ...Less

Adani Cement is prioritizing increased utilization of its current facilities. The company will focus on o ...More

Adani Cement is prioritizing increased utilization of its current facilities. The company will focus on optimizing existing capacities. Capital expenditure plans may be adjusted. The CEO indicated a potential shift in targets to FY30. This strategy aims to leverage existing assets effectively. Adani Cement currently has a production capacity of 109 million tonnes. ...Less

Cognizant is now a global partner of OpenAI. The company will use OpenAI's Codex technology to build soft ...More

Cognizant is now a global partner of OpenAI. The company will use OpenAI's Codex technology to build software for its clients. This integration will speed up development and improve code quality. Cognizant engineers are already using Codex in client projects. The partnership aims to bring advanced AI capabilities to enterprise environments. ...Less

Smaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. ...More

Smaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. This and more in today’s ETtech Top 5. ...Less

Happy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and F ...More

Happy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and FPI selloff. This and more in today’s ETtech Morning Dispatch. ...Less

Quote of the day by Edgar Allan Poe: Edgar Allan Poe's profound insights into sorrow reveal it as a multi ...More

Quote of the day by Edgar Allan Poe: Edgar Allan Poe's profound insights into sorrow reveal it as a multifaceted emotion, often expressed through silence and a sense of detachment rather than tears. This pervasive feeling, stemming from loss or disappointment, reshapes our perception of reality, making everyday moments feel heavier. ...Less

Market expert Dharmesh Kant highlighted strong numbers for Bajaj Finance, though macro headwinds may impa ...More

Market expert Dharmesh Kant highlighted strong numbers for Bajaj Finance, though macro headwinds may impact near-term performance. He expressed a cautious stance on the IT sector, citing sluggish growth and weak discretionary spending. For FMCG, while Q4 benefited from tailwinds, rising input costs pose a concern. ...Less

India's top IT companies are changing how they hire. They are bringing in more fresh graduates and giving ...More

India's top IT companies are changing how they hire. They are bringing in more fresh graduates and giving them AI tools. Middle managers are being reduced. This move aims to control costs and improve efficiency. Companies are focusing on productivity growth. Revenue per employee is increasing. This strategy is shaping the future of the IT sector. ...Less

Cognizant has launched its Technoverse Hackathon 2026, a national platform for over 20,000 engineering st ...More

Cognizant has launched its Technoverse Hackathon 2026, a national platform for over 20,000 engineering students to showcase AI-powered problem-solving skills across various industries. The initiative aims to bridge academic learning with real-world applications, fostering innovation and preparing students for future technology leadership roles. ...Less

Cognizant Technology Solutions chief executive Ravi Kumar S took home $10.7 million in realised compensat ...More

Cognizant Technology Solutions chief executive Ravi Kumar S took home $10.7 million in realised compensation in 2025, a more than 30% increase compared with $8.2 million in 2024, according to the company’s filings with the US Securities and Exchange Commission. ...Less

The Supreme Court has ruled that current laws are adequate to control hate speech nationwide. The court s ...More

The Supreme Court has ruled that current laws are adequate to control hate speech nationwide. The court stated that creating new criminal offenses is the legislature's responsibility, not the judiciary's. It emphasized that existing legal mechanisms under the Bharatiya Nagarik Suraksha Sanhita provide comprehensive ways to address such issues. ...Less

Happy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This ...More

Happy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Morning Dispatch. ...Less

Jensen Huang said Codex is now available to all employees after early access was given to around 10,000 s ...More

Jensen Huang said Codex is now available to all employees after early access was given to around 10,000 staff across functions such as engineering, product, legal, marketing and sales. ...Less

OpenAI's coding assistant Codex now has over 4 million weekly developers, adding 1 million users in just ...More

OpenAI's coding assistant Codex now has over 4 million weekly developers, adding 1 million users in just two weeks. The company is now focusing on making Codex an enterprise-grade engineering platform. Enterprises are increasingly using Codex for various tasks. OpenAI is partnering with systems integrators to help companies adopt Codex for their workflows. ...Less

A husband took Rs 25.6 lakh personal loans in his wife's name, spent the money on a lavish lifestyle, and ...More

A husband took Rs 25.6 lakh personal loans in his wife's name, spent the money on a lavish lifestyle, and fled with her car and jewellery. He later sued her for maintenance. The Allahabad High Court imposed a Rs 15 lakh cost on him for filing false affidavits and exploiting his wife. ...Less

Cognizant is looking to offer jobs about 100,000 experienced professionals in 2021 and train close to 100 ...More

Cognizant is looking to offer jobs about 100,000 experienced professionals in 2021 and train close to 100,000 associates, in order to offset the impact of elevated attrition rate. ...Less

Cognizant is training executives on ProHance, a tool that monitors employee laptop activity. The software ...More

Cognizant is training executives on ProHance, a tool that monitors employee laptop activity. The software tracks mouse and keyboard input to gauge engagement levels. Cognizant denies tracking employees, stating the tool is used with client consent for process improvement. It helps understand client processes and identify inefficiencies. Employee consent is obtained, and performance evaluation is not a purpose. ...Less

Cognizant's headcount stood at about 3,18,400 people at the end of the September 2021 quarter, up from ab ...More

Cognizant's headcount stood at about 3,18,400 people at the end of the September 2021 quarter, up from about 3,01,200 employees at the end of June 2021 quarter. ...Less

Cognizant Technology Services has appointed six women leaders--both through internal promotions and new h ...More

Cognizant Technology Services has appointed six women leaders--both through internal promotions and new hires--to senior vice president (SVP) roles. ...Less

"Cognizant is re-evaluating its entire real estate portfolio and has given up rented properties in some g ...More

"Cognizant is re-evaluating its entire real estate portfolio and has given up rented properties in some geographies. In some cases, the company has renegotiated the rent and downsized the assets too," said multiple people aware of the deal. ...Less

Layoffs at Cognizant follow that of Accenture, which in April announced that 19,000 employees would be le ...More

Layoffs at Cognizant follow that of Accenture, which in April announced that 19,000 employees would be let go globally. ...Less

Cognizant retirement: Cognizant has raised the retirement age for its India employees from 58 to 60 years ...More

Cognizant retirement: Cognizant has raised the retirement age for its India employees from 58 to 60 years to align with market practices and retain experienced talent. The company employs 250,000 people in India and is expanding to smaller cities to tap into new talent pools. Cognizant aims to reinforce its global IT services leadership while leveraging India’s growth as a technology hub. ...Less

Cognizant also announced a two-year rejig aimed at simplifying the operating model and rationalising offi ...More

Cognizant also announced a two-year rejig aimed at simplifying the operating model and rationalising office spaces to the tune of $400 million. The company is set to lay off around 3,500 employees or 1% of its total workforce. ...Less

L&T says it cannot be made a party in an ongoing case against two ex-Cognizant executives over an alleged ...More

L&T says it cannot be made a party in an ongoing case against two ex-Cognizant executives over an alleged $2 million bribe paid to Indian government officials to receive building permits for the IT services provider’s campus in Chennai. ...Less

The New Jersey-headquartered company posted a net profit of $648 million on revenue of $5.3 billion for t ...More

The New Jersey-headquartered company posted a net profit of $648 million on revenue of $5.3 billion for the quarter ended December 31. In constant currency, or excluding the impact of fluctuations in exchange rates, revenue rose 3.8% from a year earlier, Cognizant said Wednesday. ...Less

Experts say ‘people's person’ Ravi Kumar wins back competitiveness on large deals. He is also getting maj ...More

Experts say ‘people's person’ Ravi Kumar wins back competitiveness on large deals. He is also getting major talent back to Cognizant, and has rationalised the company with real estate as well as headcount consolidation. ...Less

For the full year 2023, the global IT major Cognizant posted a 0.4% YoY decline in revenue to $19.4 billi ...More

For the full year 2023, the global IT major Cognizant posted a 0.4% YoY decline in revenue to $19.4 billion. In constant currency terms, it was 0.3% lower. ...Less

Cognizant clocked an attrition rate of 33% in the quarter ended September 30, far exceeding those recorde ...More

Cognizant clocked an attrition rate of 33% in the quarter ended September 30, far exceeding those recorded by TCS (11.9%), HCL Technologies (15.7%), and Infosys, Wipro and Tech Mahindra (20%). ...Less

Cognizant's total headcount stood at 343,800 as on June 30, 2025. The company, which follows the January- ...More

Cognizant's total headcount stood at 343,800 as on June 30, 2025. The company, which follows the January-December as its fiscal year, added 7,500 employees on an aggregate basis in the first two quarters this year. ...Less

Cognizant's net income rose 16% to $278.8 mn, or 92 cents per share, in the fourth quarter, from $240.1 m ...More

Cognizant's net income rose 16% to $278.8 mn, or 92 cents per share, in the fourth quarter, from $240.1 mn, or 78 cents per share, a year earlier. ...Less

For the fourth quarter, ended December, Cognizant reported revenue of $4.8 billion, up 14.2% on a year-on ...More

For the fourth quarter, ended December, Cognizant reported revenue of $4.8 billion, up 14.2% on a year-on-year basis. Digital revenue for the full year was about 19% and represents 44% of total revenue in FY21, up from 42% in the prior year. ...Less

According to sources, Cognizant started sending out emails this week to inform employees about bonus payo ...More

According to sources, Cognizant started sending out emails this week to inform employees about bonus payouts for 2024. Majority of employees are eligible for the bonus payout. The company has also announced that salary hikes will be given, based on merit, starting from August 1, 2025, one year after the last increase. ...Less

Debi Mishra filed the original complaint on August 25, 2017. About a year later, the parties participated ...More

Debi Mishra filed the original complaint on August 25, 2017. About a year later, the parties participated in a full day of private mediation before a retired judge but did not reach a resolution. The latest settlement agreement by the US court requires Cognizant to pay about half of what was estimated as damages by the plaintiffs. ...Less

The New Jersey-headquartered firm will be more employee centric, strengthen on winning larger deals and b ...More

The New Jersey-headquartered firm will be more employee centric, strengthen on winning larger deals and better operational metrics in order to “accelerate growth”, according to Rajesh Nambiar, MD and Chairman of Cognizant India. ...Less

The company's revenue, however, saw an uptick, rising 1.3% on year to $4.84 billion for the three-month p ...More

The company's revenue, however, saw an uptick, rising 1.3% on year to $4.84 billion for the three-month period. It was slightly above street estimates of $4.83 billion. Revenue was flat while the profit declined 20.7% on a sequential basis. ...Less