The US has barred Microsoft from sponsoring green cards for H-1B visa holders, alleging that the company ...More

The US has barred Microsoft from sponsoring green cards for H-1B visa holders, alleging that the company abused the immigration programme. ...Less

The US Labor Department has claimed it uncovered $22 billion in visa fraud, accusing universities and com ...More

The US Labor Department has claimed it uncovered $22 billion in visa fraud, accusing universities and companies of operating as “visa mints” that enabled foreign workers to secure jobs at the expense of Americans. The department has suspended major technology firms from its permanent labor certification programme amid ongoing federal investigations. ...Less

The Trump administration has suspended major tech companies from applying for permanent residency for for ...More

The Trump administration has suspended major tech companies from applying for permanent residency for foreign workers. Various companies, including Microsoft and Adobe, have been accused of abusing the H-1B visa program. U.S. Vice President JD Vance claimed that Microsoft replaced laid-off American workers with foreign workers. Labor Secretary Keith Sonderling stated that nearly 3 million foreign workers were requested by these companies. ...Less

The US government's recent decision to suspend eight leading IT companies, including Microsoft, from gree ...More

The US government's recent decision to suspend eight leading IT companies, including Microsoft, from green card applications for foreign workers highlights pressing job market challenges. Vice President J D Vance pointed out the negative impact on employment opportunities. The Department of Labour has reported significant misuse of the visa system dating back to 2009. ...Less

Infosys and Wipro ADRs fell nearly 3% in US trading as investors assessed TCS’s quarterly results and fre ...More

Infosys and Wipro ADRs fell nearly 3% in US trading as investors assessed TCS’s quarterly results and fresh US immigration restrictions. Concerns over technology spending, AI disruption and tighter employment-based immigration added pressure to Indian IT stocks. ...Less

The reaction came after the US administration suspended major outsourcing companies, including India's In ...More

The reaction came after the US administration suspended major outsourcing companies, including India's Infosys, Tata, Wipro and HCL, from the permanent labour certification programme. Cognizant and Capgemini were also included in the action. ...Less

The Central Bureau of Investigation provided an update on the NEET-UG paper leak case, seeking additional ...More

The Central Bureau of Investigation provided an update on the NEET-UG paper leak case, seeking additional time for the probe. The Special Fast Track Court at Rouse Avenue adjourned the charge framing hearing until October 14. Sheshrao Bajrang Suryawanshi is the 14th accused awaiting a supplementary charge sheet. Judicial custody for Suryawanshi has been extended to October 14, 2026, while video conferencing will be used for all accused. ...Less

The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST office ...More

The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleged tax evaders and require greater judicial oversight. The proposed changes would shift routine disputes towards recovery, interest and penalties, while reserving criminal prosecution for serious, deliberate fraud. ...Less

Anthropic has introduced in-country inference for its Claude models in India through Amazon Bedrock. This ...More

Anthropic has introduced in-country inference for its Claude models in India through Amazon Bedrock. This service allows sensitive AI workloads to be processed on servers located within the country. Financial institutions and large enterprises in regulated sectors can now use Claude while complying with local data-residency requirements. The introduction of this technology is expected to accelerate enterprise adoption of generative AI in India. ...Less

An independent committee examining Jaypee Infratech homebuyers’ grievances has found most allegations of ...More

An independent committee examining Jaypee Infratech homebuyers’ grievances has found most allegations of construction delays, poor quality, labour shortages and fund diversion to be genuine. The committee said Suraksha Group had failed to meet key resolution-plan obligations, including arranging Rs 3,000 crore in working capital, and urged urgent tribunal intervention. ...Less

Wipro bench policy: Wipro will implement a new bench policy starting October 1 for junior- and mid-level ...More

Wipro bench policy: Wipro will implement a new bench policy starting October 1 for junior- and mid-level employees. Employees in Band 2 and below can remain on the bench for six months after release from projects. This decision aims to provide additional time for redeploying employees without billable project assignments. However, employees who do not secure a project within the stipulated time may face separation. ...Less

Wall Street encountered a downturn as escalating Treasury yields affected investor confidence in high-pri ...More

Wall Street encountered a downturn as escalating Treasury yields affected investor confidence in high-priced stocks. Despite solid performance from the software sector buoyed by favorable earnings, the shadow of rising interest rates looms large. September saw the S&P 500 and Dow post monthly losses, while the Nasdaq thrived on AI optimism. ...Less

India’s obesity drug market is set for a new phase as Novo Nordisk’s oral Wegovy and Eli Lilly’s oral GLP ...More

India’s obesity drug market is set for a new phase as Novo Nordisk’s oral Wegovy and Eli Lilly’s oral GLP-1 orforglipron are expected to launch in the first half of 2027. Industry sources said both have been submitted to Indian regulators, potentially expanding demand beyond injectable treatments. ...Less

ITC Infotech's merger with Happiest Minds highlights the trend of mid-market consolidation in response to ...More

ITC Infotech's merger with Happiest Minds highlights the trend of mid-market consolidation in response to AI advancements. The global IT market faces challenges, requiring companies to adopt AI-centric capabilities for survival. Enterprises are burdened with legacy systems, which present both challenges and opportunities for funding technological transformations. Companies will need to adapt to the evolving landscape by integrating AI into existing frameworks effectively. ...Less

An MBA graduate who paid Rs 84,960 for an online AI product management course after being promised “100 p ...More

An MBA graduate who paid Rs 84,960 for an online AI product management course after being promised “100 percent guaranteed placement” has secured a refund from a Punjab consumer commission. The Gurdaspur District Consumer Commission directed Eduinx Education Services to refund the course fee, pay Rs 10,000 compensation and Rs 5,000 litigation costs, finding the placement commitment was not fulfilled. ...Less

In a shocking turn of events, Ajayveer Singh, aka Jai Singh Rathore, conducted a misleading fundraising c ...More

In a shocking turn of events, Ajayveer Singh, aka Jai Singh Rathore, conducted a misleading fundraising campaign under the pretense that his sister urgently required medical assistance. Utilizing counterfeit medical paperwork, he deceptively garnered around Rs 1.5 lakh through viral social media outreach. The Shroff Eye Centre subsequently alerted the public about Rathore's misuse of their name. ...Less

IT Minister Ashwini Vaishnaw said India’s growing capabilities in semiconductor design and manufacturing ...More

IT Minister Ashwini Vaishnaw said India’s growing capabilities in semiconductor design and manufacturing could face geopolitical risks as the country expands its role in the global chip supply chain. ...Less

India's burgeoning semiconductor sector is viewed as a threat by established global chip industry interes ...More

India's burgeoning semiconductor sector is viewed as a threat by established global chip industry interests, says Minister Ashwini Vaishnaw. He has urged the industry to remain vigilant against potential cyberattacks and disruptions. The government is actively expanding the semiconductor ecosystem beyond assembly and testing. Significant investments are being made to support chip design, fabrication, and talent development. India aims to build a robust domestic supply chain and attract global semiconductor manufacturing. ...Less

The Gandhis' reply say that the words "private complaint" appear nowhere in the PMLA. They call this case ...More

The Gandhis' reply say that the words "private complaint" appear nowhere in the PMLA. They call this case the only instance in India where ED has acted on a private citizen's complaint. That complaint was filed by BJP leader Subramanian Swamy back in 2013. ...Less

A recent collaboration between IIT Kharagpur and upGrad reveals a dramatic increase in demand for AI exec ...More

A recent collaboration between IIT Kharagpur and upGrad reveals a dramatic increase in demand for AI executive programmes aimed at experienced tech professionals. In just a few months, the initiative has broadened its curriculum from four to seven targeted courses. With participants enrolling from diverse locations, the landscape of AI training is shifting towards practical, role-oriented education, underscoring the necessity for ongoing skill development in an AI-driven job market. ...Less

A Delhi court ordered a rehearing of a plea concerning Sonia Gandhi's electoral roll inclusion. The sessi ...More

A Delhi court ordered a rehearing of a plea concerning Sonia Gandhi's electoral roll inclusion. The sessions court set aside a magistrate's order refusing to investigate the allegations. The complaint alleged Gandhi's name was unlawfully entered before she acquired citizenship. The judge found the magistrate's order lacked proper legal reasoning and discussion. The matter was remanded for a speaking order and fresh hearing of arguments. ...Less

Excluding two companies for which comparable data is unavailable, the analysis shows that the number of c ...More

Excluding two companies for which comparable data is unavailable, the analysis shows that the number of complaints has been rising steadily over two years, by 6.3% in FY25 (over FY24) and 5.2% in FY26 (over FY25). ...Less

Cognizant’s US immigration practices are back under scrutiny after authorities suspended its employment-b ...More

Cognizant’s US immigration practices are back under scrutiny after authorities suspended its employment-based green-card filings amid a federal fraud investigation. The action follows years of declining H-1B activity and earlier court scrutiny of the IT major’s visa-related employment policies. ...Less

Cognizant and US enterprise software company Cloudera’s PERM filings have been suspended, labour departme ...More

Cognizant and US enterprise software company Cloudera’s PERM filings have been suspended, labour department inspector general Anthony D’Esposito said in an X post on Tuesday, citing an investigation into possible fraud and misuse of employment visa programmes. ...Less

The new 3,30,000-square-foot facility's inauguration saw the presence of Madhya Pradesh Chief Minister Mo ...More

The new 3,30,000-square-foot facility's inauguration saw the presence of Madhya Pradesh Chief Minister Mohan Yadav and Infosys CFO Jayesh Sanghrajka, alongside other senior state officials and company executives. ...Less

The action came a day after Cognizant announced plans to expand its American workforce. The company said ...More

The action came a day after Cognizant announced plans to expand its American workforce. The company said it planned to hire 1,500 US college graduates and increase its Frontier Certified Engineer and Frontier Business Operator workforce to 15,000 people. ...Less

Cognizant’s US green-card labour certification filings have been suspended amid a federal fraud investiga ...More

Cognizant’s US green-card labour certification filings have been suspended amid a federal fraud investigation, according to Labor Department Inspector General Anthony D’Esposito. The move could delay some employees’ green-card sponsorship, but officials have not disclosed the allegations, number of affected cases or duration of the suspension. ...Less

The Enforcement Directorate aims to expedite money-laundering trials within eight months. Zonal offices w ...More

The Enforcement Directorate aims to expedite money-laundering trials within eight months. Zonal offices will identify key cases for accelerated prosecution and conviction. A new trial monitoring system will track case progress and delays. The agency is also expanding its sanctioned strength by sixty percent. This structural change will enhance the directorate's operational capabilities significantly. ...Less

Indian IT stocks lost around Rs 55,000 crore in market value after the US suspended Cognizant’s PERM labo ...More

Indian IT stocks lost around Rs 55,000 crore in market value after the US suspended Cognizant’s PERM labour certification filings, raising fresh concerns over tighter scrutiny of work visas and alleged visa fraud. ...Less

Analysts said the valuations are getting more realistic with some estimating markdowns of up to 30-40% in ...More

Analysts said the valuations are getting more realistic with some estimating markdowns of up to 30-40% in 2026 over 2025, mirroring the market cap decline of listed IT services providers. The BSE IT index plunged almost 30% since January, recouping around 10% from its July lows. ...Less

Data from Kotak Institutional equities showed Accenture, the global market-cap leader in pureplay IT serv ...More

Data from Kotak Institutional equities showed Accenture, the global market-cap leader in pureplay IT services, posted a 3% revenue growth in local currency, Capgemini 5.1% in organic constant currency and Cognizant about 3% on the same basis in the April-June quarter. By contrast, Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro recorded revenue-weighted constant-currency growth of 2.6% in the same period, including acquisitions, and organic growth of 1.6%, the Kotak report said. ...Less

Indian IT’s H-1B dependence was shrinking well before Donald Trump’s latest immigration crackdown. New H- ...More

Indian IT’s H-1B dependence was shrinking well before Donald Trump’s latest immigration crackdown. New H-1B approvals for seven major Indian IT firms fell 70% from 2015 levels by FY2025 as companies hired locally and moved more work offshore. The new fees and enforcement push could now accelerate that shift. ...Less

The existence of a criminal conspiracy is ordinarily a matter which is required to be inferred from the c ...More

The existence of a criminal conspiracy is ordinarily a matter which is required to be inferred from the conduct of the parties and the circumstances brought on record, the HC said. Direct evidence of an agreement is seldom available, it said, adding that whether the material ultimately establishes a meeting of minds between the accused persons is a matter to be examined upon appreciation of the evidence and cannot ordinarily be conclusively determined in proceedings in the high court. ...Less

The BFSI sector adopts automation cautiously due to strict regulations and its conservative nature. Artif ...More

The BFSI sector adopts automation cautiously due to strict regulations and its conservative nature. Artificial general intelligence adoption will likely be slow, with humans remaining essential. Automation will enhance underwriter efficiency for loan decisions, not replace human oversight entirely. Perfios launched an agentic AI system for credit evaluation using real-world data. ...Less

Happy Tuesday! India’s late-stage funding market is tightening, with investors writing smaller cheques an ...More

Happy Tuesday! India’s late-stage funding market is tightening, with investors writing smaller cheques and pushing for lower valuations. This and more in today’s ETtech Morning Dispatch. ...Less

Maharashtra FDA Commissioner Tukaram Mundhe prioritizes public health over personal popularity. He has ta ...More

Maharashtra FDA Commissioner Tukaram Mundhe prioritizes public health over personal popularity. He has taken action against 12,083 establishments for various food safety violations. Hygiene, raw material quality, and manpower are common restaurant violations identified. Online food platforms are also considered food business operators and have faced action. ...Less

The commission took cognizance of the issue under Section 12 of the Protection of Human Rights Act, 1993, ...More

The commission took cognizance of the issue under Section 12 of the Protection of Human Rights Act, 1993, after considering media reports published by the BBC. According to the NHRC notice, a copy of which ET has seen, the advertisements allegedly used phrases such as “rape video” and “child video” and redirected users to Telegram channels where such material was allegedly offered for sale. ...Less

Adobe has appointed Anil Chakravarthy as its new CEO, succeeding Shantanu Narayen, who will become execut ...More

Adobe has appointed Anil Chakravarthy as its new CEO, succeeding Shantanu Narayen, who will become executive chair after more than 18 years at the helm. Chakravarthy will take over on December 1. ...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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

Cognizant is expected to deliver several key capabilities for Nike over the next five years, including ne ...More

Cognizant is expected to deliver several key capabilities for Nike over the next five years, including new self-service capabilities, improved service productivity, and significant cost savings. ...Less

The development on Friday is a hard-earned relief for the eight employees fearing the axe amid reports of ...More

The development on Friday is a hard-earned relief for the eight employees fearing the axe amid reports of higher-than-expected non-performer exits from the IT firm. ...Less

IT services major Cognizant on Wednesday said it aims to hire about 24,000-25,000 freshers in 2026 as par ...More

IT services major Cognizant on Wednesday said it aims to hire about 24,000-25,000 freshers in 2026 as part of its strategy to expand "bottom of the pyramid" workforce. The hiring target represents an increase of approximately 20 per cent over its 2025 intake, where the company onboarded close to 20,000 graduates. ...Less

For the third-quarter, Cognizant reported revenue of $4.08 billion, up 8.3 per cent from a year ago. ...More

For the third-quarter, Cognizant reported revenue of $4.08 billion, up 8.3 per cent from a year ago. ...Less

Cognizant India Results: Net profit fell 11% year-on-year to Rs 5,455 crore in 2019-20 on the back of rev ...More

Cognizant India Results: Net profit fell 11% year-on-year to Rs 5,455 crore in 2019-20 on the back of revenue that rose 2% over the year ago to Rs 31,050 crore, according to Tofler data. ...Less

Revenue growth in constant currency terms stood at 2.4 per cent. ...More

Revenue growth in constant currency terms stood at 2.4 per cent. ...Less