The Teaneck-headquartered company said in a notification to customers that it has “no reason to believe” ...More

The Teaneck-headquartered company said in a notification to customers that it has “no reason to believe” the information was misused, but has decided to notify affected individuals. It is offering them identity theft protection and up to $1 million in insurance coverage for eligible losses. ET has seen a copy of the notification. ...Less

Cognizant has hired 489 graduates from 58 B-schools across 37 cities, with over 37% coming from non-STEM ...More

Cognizant has hired 489 graduates from 58 B-schools across 37 cities, with over 37% coming from non-STEM backgrounds and more than 42% being women. The new recruits will undergo a two-week Talent Accelerator programme covering business skills, sales, marketing and AI-related work as Cognizant expands its talent pool beyond engineering backgrounds. ...Less

Companies struggle to achieve business outcomes from significant AI investments. Unprecedented AI capabil ...More

Companies struggle to achieve business outcomes from significant AI investments. Unprecedented AI capabilities require a 'harness' to convert potential into measurable value. Enterprise AI integration demands shaping technology around operational realities and existing systems. ...Less

Outsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging bu ...More

Outsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging business models, increasingly tying fees to performance outcomes instead of hours worked, as clients demand steep price cuts and more productivity. ...Less

The Supreme Court panel will prioritize sexual assault complaints from recent student protests. This high ...More

The Supreme Court panel will prioritize sexual assault complaints from recent student protests. This high-powered committee was urged to submit an interim report on these serious allegations. Senior advocate Shobha Gupta requested suo motu cognizance of sexual assault cases. The five-member panel is headed by retired SC judge R Subhash Reddy. Women protesters can submit their complaints directly to a designated district judge. ...Less

Indian technology firms are increasingly leveraging borrowed funds for acquisitions and share buybacks to ...More

Indian technology firms are increasingly leveraging borrowed funds for acquisitions and share buybacks to elevate revenues and align with investor demands. Leaders such as Cognizant, Persistent Systems, and Coforge are exploring external credit options. This aggressive financial strategy signals a commitment to growth while navigating the market's uncertainties. ...Less

Industry executives also say they are losing some work entirely as customers use AI to shift tasks in-hou ...More

Industry executives also say they are losing some work entirely as customers use AI to shift tasks in-house, while all the uncertainty that the new technology has brought is resulting in shorter contracts. ...Less

Indian IT companies are buying client technology units to secure larger partnerships. This strategy aims ...More

Indian IT companies are buying client technology units to secure larger partnerships. This strategy aims to boost contract values as organic growth slows down. TCS, Wipro, and HCLTech have recently made significant acquisitions. These deals involve acquiring intellectual property and engineering talent. This trend revives a past strategy of acquiring captive centers. ...Less

ESDS Software Solution raised Rs 216 crore from anchor investors ahead of its Rs 720 crore IPO, opening A ...More

ESDS Software Solution raised Rs 216 crore from anchor investors ahead of its Rs 720 crore IPO, opening August 28. Priced at Rs 408-429, the fresh issue will fund cloud computing equipment, data centre infrastructure and corporate needs. ...Less

The Delhi High Court quashed criminal defamation proceedings against senior advocate Pinaki Misra. This d ...More

The Delhi High Court quashed criminal defamation proceedings against senior advocate Pinaki Misra. This decision came after finding insufficient material to prove reputational damage. The court noted the complainant did not present evidence from others. Misra had also denied giving the alleged interview to the publication. Therefore, the High Court set aside the summoning order and quashed the case. ...Less

As new operating models, backed by automation, begin to take shape in enterprises and businesses, the wor ...More

As new operating models, backed by automation, begin to take shape in enterprises and businesses, the workforce should prepare itself for a change. Outcomes will be the benchmark for productivity and growth, with AI automating most of the repetitive, time-consuming tasks. ...Less

Shiprocket shares zoomed in a bumper public market debut on Wednesday. This and more in today’s ETtech To ...More

Shiprocket shares zoomed in a bumper public market debut on Wednesday. This and more in today’s ETtech Top 5. ...Less

The Supreme Court expressed concern over slow consumer case resolutions. It stated consumer forums should ...More

The Supreme Court expressed concern over slow consumer case resolutions. It stated consumer forums should not be used for retired officials' rehabilitation. An urgent pan-India performance evaluation of these institutions is now required. The court seeks reports on case pendency and disposal rates. It also inquired about creating regional NCDRC branches for consumer convenience. ...Less

A Delhi court rejected a plea for polygraph and brain-mapping tests for three accused in the NEET-UG 2026 ...More

A Delhi court rejected a plea for polygraph and brain-mapping tests for three accused in the NEET-UG 2026 paper leak case. The Central Bureau of Investigation opposed the application, stating it was not maintainable. The court deferred its order on taking cognizance of the CBI's extensive charge sheet. This charge sheet details alleged irregularities and paper leakage in the examination. ...Less

The BJP accused Rahul Gandhi of disrupting Parliament sessions. They alleged his ego and indiscipline cau ...More

The BJP accused Rahul Gandhi of disrupting Parliament sessions. They alleged his ego and indiscipline caused significant taxpayer money wastage. The opposition repeatedly changed demands, preventing discussions on key issues. Parliament's Monsoon Session concluded amidst opposition protests and government accusations. The BJP stated democracy cannot function under such arrogance and self-importance. ...Less

In a recent development, a parliamentary committee has pressed the revenue department to assess the impac ...More

In a recent development, a parliamentary committee has pressed the revenue department to assess the impact of unauthorized check-posts that obstruct the effective application of the Goods and Services Tax. The committee highlighted the lack of transparency regarding follow-up actions and encourages the revenue department to work closely with state governments to address this challenge, promoting efficient goods movement and successful GST enforcement. ...Less

Cognizant launched its first global Codex Hackathon with OpenAI. Ten thousand associates across six India ...More

Cognizant launched its first global Codex Hackathon with OpenAI. Ten thousand associates across six Indian cities participated in this event. This initiative aims to build practical AI solutions for enterprise customers. The company plans to extend participation to over fifty thousand associates soon. Cognizant previously set a Guinness World Record for a generative AI hackathon. ...Less

Uttar Pradesh Chief Minister Yogi Adityanath led a Tiranga Yatra in Lucknow. He stated that insulting nat ...More

Uttar Pradesh Chief Minister Yogi Adityanath led a Tiranga Yatra in Lucknow. He stated that insulting national symbols and personalities is unacceptable in India. The event marked the 101st anniversary of the Kakori Train Action. Adityanath urged participation in the 'Har Ghar Tiranga' campaign for Independence Day. ...Less

A Delhi court rejected applications by Al Falah University chairman Jawad Ahmad Siddiqui. The court ruled ...More

A Delhi court rejected applications by Al Falah University chairman Jawad Ahmad Siddiqui. The court ruled it only considers complainant material at the cognizance stage. Siddiqui sought to submit documents to expose contradictions in the Enforcement Directorate's case. The agency opposed the pleas, calling them an abuse of process. Siddiqui faces money laundering charges in two separate cases. ...Less

Amid growing concerns highlighted in a BBC Eye report, the NCPCR will begin an inquiry into the contested ...More

Amid growing concerns highlighted in a BBC Eye report, the NCPCR will begin an inquiry into the contested CSEAM ads. Meta responded to the associated allegations last week. Furthermore, the NHRC has ordered the Delhi Police to investigate similar advertisements on Instagram. These inquiries aim to uphold child protection laws across digital platforms. ...Less

Cognizant Technology has revised its third-quarter revenue projections, now falling short of Wall Street' ...More

Cognizant Technology has revised its third-quarter revenue projections, now falling short of Wall Street's expectations. The cautious stance of clients regarding discretionary IT expenditures and significant investments is evident. With AI adoption gaining momentum, enterprises are focusing more on data center infrastructures than software. The company anticipates its annual revenue will land between $22.04 billion and $22.35 billion, after reporting second-quarter earnings of $5.48 billion, aligning with forecasts. ...Less

Cognizant Technology forecasts third-quarter revenue below Wall Street estimates. Clients remain cautious ...More

Cognizant Technology forecasts third-quarter revenue below Wall Street estimates. Clients remain cautious on discretionary IT spending and large investments. The company expects annual revenue between $22.04 billion and $22.35 billion. This comes after reporting second-quarter revenue in line with estimates. Enterprises are prioritizing data center infrastructure over software as AI adoption accelerates. ...Less

Bombay High Court ordered resident doctors to immediately end their strike. The court expressed concern o ...More

Bombay High Court ordered resident doctors to immediately end their strike. The court expressed concern over the protest's impact on numerous hospital patients. Resident doctors subsequently assured the court that their strike would be called off. The court warned of wage stoppage if doctors failed to resume their duties. The matter was posted for further hearing on September 8. ...Less

India is a critical market for Adobe's agentic AI innovations over recent years. The country provides ess ...More

India is a critical market for Adobe's agentic AI innovations over recent years. The country provides essential engineering talent and large-scale solution adoption. Adobe views India as a mature market with unprecedented scale and unique characteristics. Companies and Bollywood projects use Adobe products for content generation at scale. AI complements the creative work being done by skilled professionals in India. ...Less

Siddhivinayak Temple Trust seeks an audit into rising donations following theft allegations. Eight indivi ...More

Siddhivinayak Temple Trust seeks an audit into rising donations following theft allegations. Eight individuals were detained by police and have since been granted bail. Some temple employees faced suspension for accepting bribes for VIP darshan access. Raj Thackeray alleged that 18 crore rupees were stolen from the donation box. This situation arises amidst ongoing scrutiny of temple donation practices. ...Less

The Supreme Court has dismissed criminal proceedings against a woman in a cheque bounce dispute, emphasiz ...More

The Supreme Court has dismissed criminal proceedings against a woman in a cheque bounce dispute, emphasizing that a company, as a juristic person, should be designated as an accused party first. The High Court’s directive to the trial court was deemed incorrect, as the absence of the company as an accused created a critical defect in the case. Thus, the Supreme Court quashed all subsequent proceedings. ...Less

The Nasdaq-listed company revised its full year revenue forecast to $22.04-22.35 billion, implying 4.4-5. ...More

The Nasdaq-listed company revised its full year revenue forecast to $22.04-22.35 billion, implying 4.4-5.9% growth (4.0-5.5% in constant currency). Its previous projection was $22.11-22.64 billion, or an increase of 4.8-7.3% (4.0-6.5% in constant currency). ...Less

Anthropic will offer its Claude AI service to Indian customers through local Amazon Web Services servers. ...More

Anthropic will offer its Claude AI service to Indian customers through local Amazon Web Services servers. This move addresses a key demand from Indian organisations for in-country data processing capabilities. Claude's availability within India marks a significant step for enterprise AI adoption across various sectors. Indian IT leaders are integrating Claude into their global service deliveries and talent development programs. ...Less

This is part of the $200 million annual project that HCLTech managed for Google as part of the applicatio ...More

This is part of the $200 million annual project that HCLTech managed for Google as part of the application development and engineering work that the IT player managed for the last 10 years, two people familiar with the development confirmed to ET. The reduced work will cost HCLTech around 0.3% of its annual revenue which is around $14.7 billion. Incrementally, it is likely to be around 6% of the revenue in FY26. ...Less

The National Human Rights Commission has taken suo motu cognizance of a media report concerning a factory ...More

The National Human Rights Commission has taken suo motu cognizance of a media report concerning a factory explosion. Four workers died and two were injured in the Cachar district metal processing factory incident. The commission issued notices to Assam's Chief Secretary and Cachar's Superintendent of Police. They are required to submit a detailed report on the matter within two weeks. ...Less

The Supreme Court accepted the CBI's decision to close the coal block allocation case. A bench quashed a ...More

The Supreme Court accepted the CBI's decision to close the coal block allocation case. A bench quashed a special court's order summoning former Prime Minister Manmohan Singh. The court found no compelling reason for the trial court to reject the closure report. The bench allowed Singh's appeal challenging the summons issued in 2015. The matter was closed on merits after accepting the CBI's closure reports. ...Less

In an interaction with Kshitij Anand of ETMarkets for Smart Talk series, Seth explains why the steady shi ...More

In an interaction with Kshitij Anand of ETMarkets for Smart Talk series, Seth explains why the steady shift from physical assets to financial investments is transforming India's capital markets, shares his outlook on equities amid geopolitical and macroeconomic risks, outlines his preferred portfolio allocation, and highlights the sectors and themes he believes are best positioned to generate long-term returns. ...Less

Five dedicated fast-track courts have been ordered by the Calcutta High Court. These courts will exclusiv ...More

Five dedicated fast-track courts have been ordered by the Calcutta High Court. These courts will exclusively try NEET paper leak cases to expedite proceedings. The move aims to address one of India's significant education scandal issues. This development follows nationwide student protests and a push for prosecution in exam fraud. The designated courts are expected to conclude trials within three months of charge-sheet filing. ...Less

The enterprise services business they have dominated for decades is beginning to see a new breed of rival ...More

The enterprise services business they have dominated for decades is beginning to see a new breed of rival. OpenAI and Anthropic are no longer just building artificial intelligence models. They are moving into enterprise implementation, consulting and workflow redesign, armed with an army of Forward Deployment Engineers (FDE). And, another set of ‘AI-native services firms’ is adding to the competition. ...Less

The food regulator FSSAI suspended Westend Agro Products' license due to serious violations. Inspection r ...More

The food regulator FSSAI suspended Westend Agro Products' license due to serious violations. Inspection revealed altered manufacturing and expiry dates on many food products. Printing machinery and solvents were found allegedly used for label alteration. Misleading claims, including "organic", were also discovered on packaging materials. ...Less

Infosys said last week that loss of a large European client weighed on its first-quarter revenue growth. ...More

Infosys said last week that loss of a large European client weighed on its first-quarter revenue growth. The Bengaluru-based company, India’s second largest IT services provider, did not name the client or disclose other deal losses. But announcements by its rivals indicated that they won large slices of contracts that Infosys held. ...Less

The FSSAI has penalised Sopan Restaurant for selling sub-standard food. This action followed an analysis ...More

The FSSAI has penalised Sopan Restaurant for selling sub-standard food. This action followed an analysis of milk samples from a train pantry car. The food analyst declared the sample sub-standard under the Food Safety and Standards Act. An adjudication order was passed after proceedings were initiated by the designated officer. This enforcement action was recently posted on social media platforms by the regulator. ...Less

Happy Monday! Zepto's IPO pricing expectation has run into resistance from top mutual funds. This and mor ...More

Happy Monday! Zepto's IPO pricing expectation has run into resistance from top mutual funds. This and more in today's ETtech Morning Dispatch. ...Less

The FSSAI has suspended Rehaan Healthcare's license after finding serious rule violations. The company's ...More

The FSSAI has suspended Rehaan Healthcare's license after finding serious rule violations. The company's manufacturing unit was found in an unhygienic condition, posing health risks. Serious non-compliance was observed during the inspection of its health supplements unit. The regulator pointed out extremely unhygienic and unorganised manufacturing premises. Legal action will be initiated if the company violates this order. ...Less

FSSAI has suspended Rehaan Healthcare’s licence after inspections revealed serious violations at its heal ...More

FSSAI has suspended Rehaan Healthcare’s licence after inspections revealed serious violations at its health supplements and nutraceutical manufacturing facility. The regulator found extremely unhygienic conditions, poor infrastructure, pest infestation, inadequate storage, and major food safety lapses, resulting in a very low compliance score of 12%. The company has been ordered to halt production until all deficiencies are rectified and verified by the competent authority, failing which legal action may follow. ...Less

In its notice, I4C said that the app enables communication even during network restrictions and creates a ...More

In its notice, I4C said that the app enables communication even during network restrictions and creates a substantial risk of misuse by anti-national elements, terrorist organisations, organised criminal groups and cyber criminals seeking to evade lawful detection and continue communication despite legally imposed restrictions. ...Less

In a decisive move, India's cybercrime agency has instructed GitHub to eliminate the Bitchat app. This in ...More

In a decisive move, India's cybercrime agency has instructed GitHub to eliminate the Bitchat app. This innovative Bluetooth messaging service permits offline communication, raising alarms for government officials about possible misuse by anti-national factions and terrorist organizations. The app’s ability to evade monitoring poses a significant threat, prompting references to violations of the IT Act and additional legislation. ...Less

The Union Cabinet has approved a bill proposing stricter punishments for examination paper leaks, with th ...More

The Union Cabinet has approved a bill proposing stricter punishments for examination paper leaks, with the legislation likely to be introduced in Parliament next week. The move follows Prime Minister Narendra Modi's announcement that the government would strengthen laws against exam fraud and is expected to include provisions for faster prosecution through mechanisms such as fast-track courts. ...Less

360 ONE Asset's Mayur Patel believes smallcaps currently offer better risk-reward than expensive midcaps. ...More

360 ONE Asset's Mayur Patel believes smallcaps currently offer better risk-reward than expensive midcaps. The fund has increased smallcap exposure while selectively trimming largecaps, remaining bullish on manufacturing, renewables, defence and AI-linked infrastructure through a disciplined bottom-up investment strategy. ...Less

Man files FIR against people allegedly asking for partnership in 5.5 acre ancestral land or Rs 1.5 crore; ...More

Man files FIR against people allegedly asking for partnership in 5.5 acre ancestral land or Rs 1.5 crore; SC cancels FIR and rules criminal process cannot be used as a weapon of harassment and coercion in property title dispute civil cases. Know how he won the case in Supreme Court ...Less

A local court granted bail to Ashwini Chainani, a TCS POSH committee member, in a sexual harassment case. ...More

A local court granted bail to Ashwini Chainani, a TCS POSH committee member, in a sexual harassment case. The judge noted her failure to act on the victim's complaint contributed to further harassment. Another former TCS employee, Danish Shaikh, also received bail in a related matter. Shaikh is seeking discharge, questioning the applicability of gender-specific laws. A special investigation team is probing nine cases at the TCS Nashik unit. ...Less

11 smallcaps have at least doubled in six months, led by Sterlite Technologies' 451% jump, as FIIs raised ...More

11 smallcaps have at least doubled in six months, led by Sterlite Technologies' 451% jump, as FIIs raised stakes across the March and June 2026 quarters. The parallel rise signals selective conviction, but analysts warn the sharp rerating leaves little room for earnings misses. ...Less

The Supreme Court cautioned against politicizing the Ayodhya Ram Mandir funds embezzlement case. A three- ...More

The Supreme Court cautioned against politicizing the Ayodhya Ram Mandir funds embezzlement case. A three-member bench will ensure a proper investigation into the alleged financial irregularities. The Uttar Pradesh government stated a Special Investigation Team is probing the matter. Petitioners seek accountability and preservation of donation receipts for transparency. The court will examine the investigation aspect and posted the matter for July 27. ...Less

Long Ridge Equity Partners-backed finance, accounting and recruitment KPO leader appoints industry vetera ...More

Long Ridge Equity Partners-backed finance, accounting and recruitment KPO leader appoints industry veteran Vijay Pahuja to lead its next phase of growth and transformation. ...Less

TCS has secured land in Vizag and Pune that could host OpenAI's first data centres in India. This and mor ...More

TCS has secured land in Vizag and Pune that could host OpenAI's first data centres in India. This and more in today's ETtech Top 5. ...Less

Samantha Ruth Prabhu's comeback movie Maa Inti Bangaaram achieved a historic Rs 100 crore box office succ ...More

Samantha Ruth Prabhu's comeback movie Maa Inti Bangaaram achieved a historic Rs 100 crore box office success. This marks the first female-led Telugu movie to enter this exclusive club. The film's co-producer Himank Duvvuru recently discussed with ET the initial industry skepticism about its release. He also talked about the making and marketing strategy behind Samanth Ruth Prabhu's comeback after three years. Read on! ...Less

The US Department of Labor is investigating alleged visa fraud. This probe could affect major Indian outs ...More

The US Department of Labor is investigating alleged visa fraud. This probe could affect major Indian outsourcing companies operating in America. Cognizant is named in the current reported investigation, with others unclear. The department has issued subpoenas to uncover fraudulent application schemes. Employers are accused of exploiting foreign workers and undercutting American jobs. ...Less

Uttar Pradesh police told the Supreme Court that Ajay Mishra and Ashish Mishra were not involved in witne ...More

Uttar Pradesh police told the Supreme Court that Ajay Mishra and Ashish Mishra were not involved in witness intimidation. The investigation revealed that neither of the Mishras were involved in the alleged offense. The trial in the main Lakhimpur Kheri violence case is expected to conclude soon. Charges were framed against Ashish Mishra and twelve others in December 2023. ...Less

The court dismissed Bengaluru-based Atyati’s application seeking to restrain Cognizant from using the log ...More

The court dismissed Bengaluru-based Atyati’s application seeking to restrain Cognizant from using the logo, holding that the complainant had not made a prima facie case of copyright infringement or passing off at this stage. ...Less

The Bombay High Court dismissed Atyati Technologies' plea for an interim injunction against Cognizant. Th ...More

The Bombay High Court dismissed Atyati Technologies' plea for an interim injunction against Cognizant. The court found no prima facie case for copyright infringement or passing off. Atyati had alleged Cognizant copied its hexagonal logo adopted in 2019. Cognizant launched its similar logo in 2022, leading to the legal dispute. This ruling provides Cognizant a reprieve in the ongoing trademark and copyright case. ...Less

While Cognizant has been one of the companies named in the current reported probe, it is unclear if other ...More

While Cognizant has been one of the companies named in the current reported probe, it is unclear if other Indian IT services firms are part of the investigation. ...Less

The Office of the Inspector General (OIG) under the Department of Labour has uncovered widespread schemes ...More

The Office of the Inspector General (OIG) under the Department of Labour has uncovered widespread schemes in which employers and labour brokers submitted fraudulent applications, exploited foreign workers through coercive wage-kickback arrangements, and undercut American workers by flooding the market with below-wage labour, an official statement said. ...Less

An Indian software engineer lost his US visa lawsuit after 18 months. Navdeep Sharma's legal challenge ag ...More

An Indian software engineer lost his US visa lawsuit after 18 months. Navdeep Sharma's legal challenge against government officials was dismissed by a US court. The court found the visa processing delay was not legally unreasonable. Sharma could not sue most named government departments and officials. He remains separated from his family in Texas due to visa issues. ...Less

Mexico will file criminal complaints in the United States regarding citizen deaths. These deaths occurred ...More

Mexico will file criminal complaints in the United States regarding citizen deaths. These deaths occurred in immigration custody and during anti-immigration operations. The Mexican government seeks accountability for alleged homicides and human rights violations. This action follows failed diplomatic attempts to resolve these serious issues. Civil lawsuits will also target private companies operating detention centers. ...Less

Several companies across the mid-tier outsourcing space have hired executives to help navigate the challe ...More

Several companies across the mid-tier outsourcing space have hired executives to help navigate the challenges posed by AI. In March, Persistent Systems hired Ruchi Kulhari as executive vice president - CEO Office to strengthen ‘leadership alignment’. ...Less

Global technology layoffs are resurfacing in 2026, driven by artificial intelligence adoption. Companies ...More

Global technology layoffs are resurfacing in 2026, driven by artificial intelligence adoption. Companies are restructuring teams and automating tasks, even while reporting strong revenues. India's IT sector faces potential job losses as companies redesign their operational strategies. Fresh graduates are experiencing delayed onboarding and withdrawn job offers from major tech firms. ...Less

A sellers' body has filed a complaint against Flipkart, alleging unfair business practices. This and more ...More

A sellers' body has filed a complaint against Flipkart, alleging unfair business practices. This and more in today's ETtech Top 5. ...Less

Supreme Court declared minor victim reports credible under POCSO Act. Recipients must report sexual assau ...More

Supreme Court declared minor victim reports credible under POCSO Act. Recipients must report sexual assault information to authorities immediately. Teachers and headmistress were discharged from POCSO charges by lower courts. The Supreme Court overturned these decisions, citing a broader interpretation of knowledge. Only those receiving direct information from the victim are liable for failure to report. ...Less

Food regulator FSSAI has issued notices to three companies for labelling violations. Lotte India faced ac ...More

Food regulator FSSAI has issued notices to three companies for labelling violations. Lotte India faced action for non-compliant labels and misleading vegetarian claims. Kubera Foods received a notice for false claims on its cream bun product. Ferns N Petals was also cited for misleading claims on its chocolate. These actions aim to protect consumer interests and ensure fair practices. ...Less

Food regulator FSSAI has issued a notice to Heritage Foods Ltd concerning its 'Fresh Paneer' product. The ...More

Food regulator FSSAI has issued a notice to Heritage Foods Ltd concerning its 'Fresh Paneer' product. The authority cited misleading claims, stating the product doesn't meet 'Fresh' criteria and the term 'Healthy' in its trademark is also non-compliant. Heritage Foods has been given seven days to explain why action shouldn't be taken under the FSS Act, 2006, to protect consumers. ...Less

India's Foreign Secretary Vikram Misri clarified that the government has no involvement in retired diplom ...More

India's Foreign Secretary Vikram Misri clarified that the government has no involvement in retired diplomats and military officials attending overseas discussions on India-Pakistan relations. These are private events organized by private parties, and participants speak for themselves, not representing the official Indian government stance. New Delhi does not officially acknowledge or assign value to such deliberations, emphasizing that they cannot represent the government's views. ...Less

Following a Delhi-Dehradun Expressway cave-in, NHAI has suspended key personnel and issued show-cause not ...More

Following a Delhi-Dehradun Expressway cave-in, NHAI has suspended key personnel and issued show-cause notices. The incident, attributed to waterlogging after rains and issues with a drainage system, occurred on July 1, 2026. Local resistance reportedly hindered the permanent drainage setup. Restoration is complete, and an interim drain is being built to prevent future occurrences on this vital corridor. ...Less

Sources familiar with the matter told ET that the client is Mercedes-Benz, with HCLTech beating out Infos ...More

Sources familiar with the matter told ET that the client is Mercedes-Benz, with HCLTech beating out Infosys, which was the incumbent vendor for the account. This comes as enterprises increasingly consolidate vendors, with tech spending budgets tightening amid tough macroeconomic and geopolitical conditions. ...Less

Indian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their ...More

Indian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. This is aimed at bolstering AI capabilities, expanding market reach and accelerating growth. Companies like Persistent Systems are leveraging significant financing for strategic takeovers, reflecting a broader industry trend. ...Less

Nomura expects subdued near-term growth for Indian IT companies as macro uncertainty and weak tech spendi ...More

Nomura expects subdued near-term growth for Indian IT companies as macro uncertainty and weak tech spending weigh on demand ahead of Q1 earnings. However, it sees long-term opportunities emerging from AI-driven changes, with IT firms potentially expanding their addressable market as enterprises increasingly rely on system integrators in hybrid human–digital workflows. ...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

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

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

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

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

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

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

India’s greatest opportunity lies in domain-specific small language models, argued panellists at The Econ ...More

India’s greatest opportunity lies in domain-specific small language models, argued panellists at The Economic Times AI Vantage Roundtable. ...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

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

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

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 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

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

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

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

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

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