Growth across its markets geographically and double-digit expansion in financial services as well as comm ...More

Growth across its markets geographically and double-digit expansion in financial services as well as communications, media and technology boosted revenue by 4.6% YoY to $5.66 billion, meeting its own guidance range of $5.60-$5.68 billion. In constant currency, or excluding the impact of exchange rate fluctuations, revenue rose 4.8% from a year earlier and 3.3% sequentially. ...Less

Cognizant said it is scaling OpenAI across its own sales and customer success operations first, so client ...More

Cognizant said it is scaling OpenAI across its own sales and customer success operations first, so clients can benefit from approaches tested at enterprise level. ...Less

While the financial terms were not disclosed, two people privy to the matter told ET that the deal was es ...More

While the financial terms were not disclosed, two people privy to the matter told ET that the deal was estimated to be in the range of $100-150 million, generating annual revenue of $26-40 million for Cognizant. “The deal is a new one,” one of them said. ...Less

Cognizant Technology Solutions has signed an agreement to acquire DyFlex Solutions, enhancing its AI and ...More

Cognizant Technology Solutions has signed an agreement to acquire DyFlex Solutions, enhancing its AI and SAP capabilities. This acquisition is expected to close in the first quarter of 2027, subject to regulatory approvals. DyFlex specializes in SAP transformation and is based in Australia and New Zealand. The deal marks Cognizant’s third acquisition in 2026 as it seeks to expand its services. ...Less

Cognizant’s potential investment in Sarvam comes as advances in agentic AI raise questions about the futu ...More

Cognizant’s potential investment in Sarvam comes as advances in agentic AI raise questions about the future of the IT services industry. AI agents are increasingly capable of automating tasks across software development, application maintenance and back-office operations, potentially disrupting traditional outsourcing models. ...Less

Happy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more i ...More

Happy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more in today’s ETtech Morning Dispatch. ...Less

The group brings together a dedicated global workforce that pairs Google's full-stack, enterprise-ready A ...More

The group brings together a dedicated global workforce that pairs Google's full-stack, enterprise-ready AI platform with Cognizant's domain, industry and engineering expertise as an AI-builder, according to a release. ...Less

Infosys, Tata Consultancy Services (TCS) and Cognizant registered far fewer candidates for the US H-1B vi ...More

Infosys, Tata Consultancy Services (TCS) and Cognizant registered far fewer candidates for the US H-1B visa lottery for fiscal year 2027, according to a report. Cognizant recorded a 100 per cent drop in registrations, while Infosys and TCS saw declines of 91 per cent and 95 per cent, respectively. The fall comes as the Trump administration raises hiring costs, changes the visa selection process and increases scrutiny of employers. ...Less

From HCLTech's $150 million investment in Indian AI startup Sarvam to Accenture's investment in Within, a ...More

From HCLTech's $150 million investment in Indian AI startup Sarvam to Accenture's investment in Within, an enterprise AI company, IT firms are backing AI companies to access new technology and offer it to their clients. ...Less

Federal Bank has appointed Rajesh Varrier as a non-executive independent director on its board. This deci ...More

Federal Bank has appointed Rajesh Varrier as a non-executive independent director on its board. This decision follows the announcement of the bank's impressive financial results for the September quarter. Varrier serves as president of global operations at Cognizant and brings extensive management experience. The bank reported a significant rise in net profit and net interest income in comparison to last year. ...Less

India is seeing a significant shift in its technology workforce towards enterprise AI integration and sol ...More

India is seeing a significant shift in its technology workforce towards enterprise AI integration and solutions. The Build with Gemini initiative has trained over 100,000 developers and architects across several major organizations. This transition emphasizes the need for professionals skilled in engineering AI for production. Global System Integrators are crucial in facilitating this workforce transformation. The evolution aims to position India as a key player in AI architecture and engineering. ...Less

A Gurugram woman accused an Uber driver of demanding an inflated fare after her airport ride. The driver ...More

A Gurugram woman accused an Uber driver of demanding an inflated fare after her airport ride. The driver reportedly locked her luggage in the car until she paid the higher fare he requested. Following the confrontation, the driver allegedly followed her to her home, verbally abusing and threatening her. She raised concerns about Uber's safety support being unavailable during the incident. ...Less

Finding purpose: Former Cognizant HR professional Arpita Sahu has opened up about the fears and financial ...More

Finding purpose: Former Cognizant HR professional Arpita Sahu has opened up about the fears and financial uncertainty she faces after quitting her corporate job in Delhi and moving to Goa in search of purpose. In Instagram videos, she spoke about struggling with self-doubt, pressure to succeed and finding meaningful connections, prompting social media users to share encouragement and their own experiences of starting over. ...Less

India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trad ...More

India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trade and investment. The agreement aims to create new economic opportunities while addressing market access, customs procedures, and trade facilitation. Discussions included organising a Mexican business mission to India in early 2027 to improve commercial ties. India had a trade surplus with Mexico, largely due to exports in autos and pharmaceuticals. ...Less

An MBA from the esteemed Xavier Institute of Management is typically anticipated to create pathways to re ...More

An MBA from the esteemed Xavier Institute of Management is typically anticipated to create pathways to rewarding job prospects. Nonetheless, for a Delhi-based HR expert, the qualification resulted in an unforeseen choice. Instead of seeking another lucrative position, she left her high-salary job in the capital and moved to Goa. Her decision was not prompted by a new job prospect nor meant to be a vacation. ...Less

An American woman living in New Delhi, Kristen Fischer, has sparked an online conversation after sharing ...More

An American woman living in New Delhi, Kristen Fischer, has sparked an online conversation after sharing a video of her visit to a neighbourhood kirana store less than a minute from her home. She is seen buying milk and curd while speaking to the shopkeeper in Hindi. The video prompted social media users to discuss the convenience of India's local grocery shops and the importance of supporting small businesses. ...Less

A video showing a group of men in Bengaluru performing a puja for Tesla CEO Elon Musk has gone viral on s ...More

A video showing a group of men in Bengaluru performing a puja for Tesla CEO Elon Musk has gone viral on social media. Associated with the Save India Family Foundation (SIFF), the participants were seen offering agarbatti to Musk’s photograph and chanting mantras, calling him the “evictor of feminists” and the destroyer of “Wokashura”. The gathering comes amid attention around Musk’s takeover of Twitter and the subsequent workforce cuts. ...Less

In ‘Connecting the Dots’ report, Goldman Sachs highlights how businesses are controlling AI bills by sett ...More

In ‘Connecting the Dots’ report, Goldman Sachs highlights how businesses are controlling AI bills by setting usage limits, removing tools that increase consumption and turning to smaller AI models. ...Less

Ahead of Diwali, the Bombay High Court has extended its firecracker ban to public roads year-round. The c ...More

Ahead of Diwali, the Bombay High Court has extended its firecracker ban to public roads year-round. The court emphasized the harmful effects of toxic pollution on senior citizens and children. Authorities are now required to issue notices prohibiting firecracker use in public areas. The Brihanmumbai Municipal Corporation and Maharashtra Pollution Control Board must also promote awareness about these health risks. ...Less

Arpita Sahu quit her HR job in Delhi after four and a half years and moved to Goa in search of purpose an ...More

Arpita Sahu quit her HR job in Delhi after four and a half years and moved to Goa in search of purpose and a fresh start. Through Instagram videos, she has shared her hopes of finding a sense of belonging alongside concerns about financial security, life without a regular salary and the pressure to succeed. Her decision has prompted mixed reactions online, with users offering advice, encouragement and perspectives on finding fulfilment. ...Less

Akhil Bharatiya Vidyarthi Parishad workers protested by locking the Vice Chancellor’s office after an una ...More

Akhil Bharatiya Vidyarthi Parishad workers protested by locking the Vice Chancellor’s office after an unaddressed strike. The students organized an 18-day indefinite strike to raise various pending issues affecting their interests. Following the strike, significant concerns regarding hostels and student safety remained unresolved by the university administration. Despite multiple communications, the university failed to provide anticipated responses, leading to further dissatisfaction among students. ...Less

The move would mark the next legal step for the lender after the apex court upheld the Bombay High Court ...More

The move would mark the next legal step for the lender after the apex court upheld the Bombay High Court judgment quashing the March 2020 write-down of the AT1 instruments issued by Yes Bank. ...Less

An inquiry has been ordered by the Jammu and Kashmir administration regarding alleged misconduct by IAS o ...More

An inquiry has been ordered by the Jammu and Kashmir administration regarding alleged misconduct by IAS officer Kumar Rajeev Ranjan. This misconduct involved abusive language directed towards a junior JKAS officer during an online review meeting. Ranjan also threatened to suspend the officer and questioned JK Public Service Commission's authority. The incident has had strong reactions from political leaders and the JKAS officers' fraternity. ...Less

HCL America recorded 59 certified cases and TCS only two. Infosys and Wipro had no recorded cases in the ...More

HCL America recorded 59 certified cases and TCS only two. Infosys and Wipro had no recorded cases in the period and neither did US-headquartered Cognizant. ...Less

Indian professionals working at Microsoft and Cognizant may face delays in their green card applications. ...More

Indian professionals working at Microsoft and Cognizant may face delays in their green card applications. The suspension affects various stages of the PERM labour certification process. Workers near the six-year limit of their H-1B status could experience significant complications. Employees with pending applications might wait longer for decisions and subsequent steps in their residency applications. Clarity on the effects of the suspension on approved applications is still awaited. ...Less

The US Labour Department has suspended eight major technology companies from the permanent labour certifi ...More

The US Labour Department has suspended eight major technology companies from the permanent labour certification programme. This decision bars these firms from filing new applications or processing pending applications involving foreign workers. Companies like Tata Consultancy Services and Infosys have been accused of hiring overseas workers at the expense of American jobs. Industry body Nasscom argues that Indian tech companies have reduced dependence on work visas and increased local hiring. ...Less

The Trump administration is moving to permanently end automatic extensions of employment authorisation do ...More

The Trump administration is moving to permanently end automatic extensions of employment authorisation documents for certain immigrants, meaning applicants who filed EAD renewals on or after October 30, 2025 may have to stop working if USCIS does not approve the renewal before the existing permit expires. ...Less

Indian IT companies are experiencing a significant decline in green card applications this year due to a ...More

Indian IT companies are experiencing a significant decline in green card applications this year due to a recent suspension. Major firms like Tata Consultancy Services and HCL have drastically reduced their applications for permanent labor certification. NASSCOM indicates that these companies are relying less on H-1B visas and enhancing local workforce hiring strategies. The total number of PERM applications from Indian firms remains relatively low compared to the overall figures. ...Less

On October 8, the US Department of Labor announced the suspension of green card processing for eight comp ...More

On October 8, the US Department of Labor announced the suspension of green card processing for eight companies, causing significant worry among Indian professionals reliant on employer sponsorship for permanent residency. While current H-1B visas remain valid, individuals are urged to examine their situations closely and explore other immigration options. Families connected to the affected workers should also evaluate their immigration standings in light of these developments. ...Less

US Labour Secretary Keith Sonderling has suspended eight companies from the Permanent Labour Certificatio ...More

US Labour Secretary Keith Sonderling has suspended eight companies from the Permanent Labour Certification Programme, significantly impacting their operations. Companies primarily delivering services from India are affected, hindering their ability to hire foreign workers. This situation is anticipated to push Indian tech talent to consider alternatives, including returning to India. The decision may also disrupt ongoing trade discussions between the US and India regarding skilled labor mobility. ...Less

The US suspension of PERM processing for six major Indian IT companies is unlikely to materially affect t ...More

The US suspension of PERM processing for six major Indian IT companies is unlikely to materially affect their operations or earnings, Kotak Institutional Equities said, citing their reduced dependence on visa-based staffing and increased local hiring in the US. The brokerage said near-term costs could rise if firms rely more on subcontractors, but greater offshoring could help offset the impact, with bigger risks emerging only if restrictions spread to existing work authorisations, client-site deployment or outsourcing. ...Less

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 has suspended Microsoft, Adobe, Infosys, Wipro, TCS, HCL Technologies, Cognizant and Capgemini fro ...More

The US has suspended Microsoft, Adobe, Infosys, Wipro, TCS, HCL Technologies, Cognizant and Capgemini from the PERM green card programme over alleged fraud and replacement of American workers. The freeze blocks new applications and pending cases, potentially delaying permanent residency for skilled foreign workers. ...Less

Tata Consultancy Services has been suspended from the permanent labour certification programme by the US ...More

Tata Consultancy Services has been suspended from the permanent labour certification programme by the US Labour Department. This suspension affects eight major technology companies including TCS, Infosys, and Microsoft. TCS stated that this will not impact its hiring strategy or engagements with clients. The company intends to hire 15,000 workers in the US over the next five years. ...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

Donald Trump government said it is suspending Microsoft and Adobe along with some of the largest IT firms ...More

Donald Trump government said it is suspending Microsoft and Adobe along with some of the largest IT firms in the world, including Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL Technologies and Capgemini. Other companies such as Meta, Amazon or Alphabet's Google remain free to participate in the program. ...Less

Foreign Secretary Vikram Misri has warned that fraud, exploitation and skill mismatches could undermine t ...More

Foreign Secretary Vikram Misri has warned that fraud, exploitation and skill mismatches could undermine the credibility of India’s overseas talent mobility ecosystem, days after the US suspended PERM processing for several major technology companies. He urged recruiters and mobility firms to prioritise ethics, transparency and accountability, while the MEA said the US action could delay green-card processing but does not by itself affect existing H-1B visas or dependents. ...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

US Vice President JD Vance defended the suspension of eight technology firms, including Microsoft, TCS, I ...More

US Vice President JD Vance defended the suspension of eight technology firms, including Microsoft, TCS, Infosys and Wipro, from the PERM green card programme, accusing companies of replacing American workers with cheaper foreign labour. ...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

US Vice President JD Vance defended the Trump administration’s move to suspend major technology companies ...More

US Vice President JD Vance defended the Trump administration’s move to suspend major technology companies, including Microsoft and Adobe, from the employment-based green card programme, accusing corporations of relying on cheap foreign labour at the expense of American workers. ...Less

India has criticized US Vice President JD Vance for labeling foreign workers as indentured servants. The ...More

India has criticized US Vice President JD Vance for labeling foreign workers as indentured servants. The Ministry of External Affairs stated that such terminology overlooks the contributions of Indian professionals. It highlighted the economic value and talent mobility that Indian workers bring to the US. Moreover, the MEA stated that restrictions on talent mobility do not advance shared interests. ...Less

The US Department of Homeland Security has put forth a hefty fee proposal for Optional Practical Training ...More

The US Department of Homeland Security has put forth a hefty fee proposal for Optional Practical Training applications, causing Indian students to reevaluate their plans to study in the US. With rising costs and visa issues at play, many are postponing their postgraduate ambitions and exploring other educational opportunities abroad, leading to a stark drop in applications to US institutions. ...Less

Bharti Airtel's Rahul Vatts stated that satcom players using mobile spectrum should follow telecom regula ...More

Bharti Airtel's Rahul Vatts stated that satcom players using mobile spectrum should follow telecom regulations. Currently, telecom operators acquire spectrum through auctions, while satcom players do not. The Telecommunications Act, 2023 allows administrative allocation of spectrum for satcom. Vatts emphasized compliance with existing legal precedents regarding spectrum allocation methods. This assertion aligns with the Supreme Court's directive on ensuring spectrum auctions for commercial use. ...Less

The US-India Strategic Partnership Forum has backed the Trump administration’s crackdown on alleged PERM ...More

The US-India Strategic Partnership Forum has backed the Trump administration’s crackdown on alleged PERM abuse while warning against overlooking the economic contribution of legal immigrants. USISPF said green card and H-1B pathways have strengthened US growth and innovation, citing $2.1 trillion in household income and nearly $579 billion in federal, state and local taxes generated by legal immigrants. ...Less

Microsoft has emphasized that a significant majority of its US employees are American amidst immigration ...More

Microsoft has emphasized that a significant majority of its US employees are American amidst immigration crackdowns. It submitted H-1B visa applications primarily for current employees, not new hires, reflecting its workforce strategy. This statement coincides with CEO Satya Nadella receiving the National Medal of Technology and Innovation. The Trump administration is investigating multiple tech firms, including Microsoft, for immigration-related issues. ...Less

The move is part of the US government's wider crackdown on immigration and foreign workers. The administr ...More

The move is part of the US government's wider crackdown on immigration and foreign workers. The administration has said it wants companies to hire more Americans and prevent foreign workers from being employed at lower wages at the cost of local jobs. ...Less

Sridhar Vembu, the founder of Zoho, is encouraging Indians working in the United States to return home. H ...More

Sridhar Vembu, the founder of Zoho, is encouraging Indians working in the United States to return home. He highlighted how recent immigration policies have created uncertainty for Indian professionals despite their significant contributions. Vembu emphasized the opportunity for returning professionals to help shape India's technology ecosystem. This call to action follows the suspension of several tech companies from the Permanent Labour Certification program. ...Less

The US Labour Department has launched an investigation into alleged J-1 visa fraud at nine major universi ...More

The US Labour Department has launched an investigation into alleged J-1 visa fraud at nine major universities, including Harvard, Yale, Stanford and MIT. Vice President JD Vance alleged the programme was being used to undercut American workers’ wages. The move follows a proposed $70,000 fee for initial F-1 student OPT. ...Less

Karnataka Minister Priyank Kharge outlined potential challenges for India's IT sector due to the US suspe ...More

Karnataka Minister Priyank Kharge outlined potential challenges for India's IT sector due to the US suspension. This suspension may increase operational costs and reduce flexibility for Indian IT companies in the United States. Kharge suggested that more high-value work might remain in India due to difficulties in relocating engineers. He emphasized the need for India to be prepared for this shifting landscape in technology operations. ...Less

Thousands of Indian technology professionals are facing uncertainty regarding their US permanent residenc ...More

Thousands of Indian technology professionals are facing uncertainty regarding their US permanent residency applications. Major technology companies have been suspended from the permanent labor certification program, impacting green card processing. Employees nearing the H-1B visa limit may encounter immediate difficulties due to these restrictions. Companies are evaluating their immigration strategies to support affected employees and ensure talent retention. ...Less

India's external affairs ministry expressed strong disapproval of JD Vance's remarks about H-1B workers, ...More

India's external affairs ministry expressed strong disapproval of JD Vance's remarks about H-1B workers, labeling them as deeply offensive. They emphasized that current H-1B visas continue to be valid, notwithstanding modifications to the PERM program. Vance's allegations against firms like Microsoft for prioritizing foreign employees over Americans have reignited debates on immigration. ...Less

Pramila Jayapal criticized the Trump administration's decision to suspend Microsoft from a Green Card pro ...More

Pramila Jayapal criticized the Trump administration's decision to suspend Microsoft from a Green Card program. The administration argues this move protects American jobs by limiting foreign employment. Jayapal contended that this undermines legal immigration, adversely affecting many skilled professionals. She emphasized that changes should strengthen immigration pathways rather than restrict them. This decision may hinder America's innovation capabilities by targeting companies that rely on skilled foreign workers. ...Less

Restrictions imposed by the US on major technology companies may prompt a shift in high-value technology ...More

Restrictions imposed by the US on major technology companies may prompt a shift in high-value technology work to India. Vineet Nayar highlighted how this situation may benefit Indian IT firms and enhance technological capabilities. While US companies seek to protect local jobs, Indian firms could focus on architecture and product engineering. The industry might also shift away from traditional models of sending engineers to client locations. ...Less

The US government has suspended eight technology companies, including TCS, Infosys, Wipro and HCLTech, fr ...More

The US government has suspended eight technology companies, including TCS, Infosys, Wipro and HCLTech, from the PERM green-card sponsorship programme, raising concerns over potential restrictions on foreign tech workers. A Global Trade Research Initiative (GTRI) report warns that curbs could extend to H-1B hiring and skilled-worker mobility. The move may push Indian IT firms to diversify markets and expand domestic delivery. ...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

An IIM Lucknow alumnus has drawn a parallel between the US green card restrictions affecting Indian profe ...More

An IIM Lucknow alumnus has drawn a parallel between the US green card restrictions affecting Indian professionals and a career trap that many employees may not even realise they are caught in. From ESOPs waiting to vest to retention bonuses and long-promised promotions, rewards that appear to offer financial security can make people think twice before exploring better opportunities. ...Less

As AI takes over routine assignments, companies face a question that productivity figures cannot answer: ...More

As AI takes over routine assignments, companies face a question that productivity figures cannot answer: how will young professionals develop the judgment that comes from doing the work themselves? ...Less

IT stocks including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Coforge and Persistent Systems rose up t ...More

IT stocks including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Coforge and Persistent Systems rose up to 4% on Friday. The gains came amid a confluence of factors, including second-quarter earnings and the US suspension of a certification programme. TCS and Wipro were among the key gainers, while midcap IT stocks also saw strong buying interest during the session. ...Less

The latest development in the US - the biggest market for the $300 billion Indian IT industry - adds to u ...More

The latest development in the US - the biggest market for the $300 billion Indian IT industry - adds to uncertainty for tech outsourcers that rely on cross-border movement of skilled professionals. In a statement, Nasscom said the decision affects a specific immigration pathway, but it has consistently maintained that the two issues should be kept apart. ...Less

IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US sus ...More

IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while brokerages flagged near-term margin pressures and evolving AI-related risks. ...Less

Indian professionals face uncertainty as eight major technology companies are suspended from the US Green ...More

Indian professionals face uncertainty as eight major technology companies are suspended from the US Green Card programme. The suspension affects both new and pending PERM applications, creating potential delays for employees. H-1B visa holders are not losing their jobs immediately, but their immigration status remains uncertain. Workers near the six-year H-1B limit must evaluate their immigration options carefully. ...Less

President Donald Trump recognized tech leaders including Satya Nadella with National Medals for their ach ...More

President Donald Trump recognized tech leaders including Satya Nadella with National Medals for their achievements during a ceremony. Vice President JD Vance announced the suspension of Microsoft's green card applications due to alleged visa abuse. Vance criticized Microsoft for laying off American workers while hiring foreign employees. The event coincided with ongoing discussions about the implications of AI on the economy. ...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

The US suspension of Microsoft, Adobe and six other IT services companies from the PERM green card proces ...More

The US suspension of Microsoft, Adobe and six other IT services companies from the PERM green card process could leave some H-1B workers stuck longer in temporary status, particularly if their employers have not yet filed PERM or if they are approaching the six-year H-1B limit. The suspension does not cancel existing H-1B visas, but it could delay green card milestones that some workers rely on for visa extensions, job changes and longer-term plans in the US. ...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

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

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

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

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

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

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

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

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

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