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COGNIZANCE 2016
Criticism regarding delays should not be ignored: NCLT ChiefAnupinder Singh Grewal, the new chief of NCLT, has openly recognized the long-standing delays in resolving cases, emphasizing that such fee...- 10 techies who quit jobs at Accenture, TCS, Infosys to become popular South actors: Tovino Thomas to Kalaiyarasan to Srinidhi ShettySeveral South Indian actors, including Srinidhi Shetty, Tovino Thomas, and Nivin Pauly, left well-paying IT jobs at companies like Accentur...
- HC junks cognizant plea challenging Rs 2,912 crore tax claimThe court dismissed a batch of petitions filed by the software services company and directed it to seek redress from appellate courts under...
- Income Tax department again seeks bribery documents from CognizantTax department had sought records relating to the bribe after Cognizant reported it in 2016.
- Cognizant cuts guidance, takes a $28 million hit on bribery issueIn its 2017 annual report, Cognizant said it had identified about $6 million in bribes paid from 2009 to 2016.
- Cognizant records $28 million loss in India bribe talks with US DOJ, SECIn its 2017 annual report, Cognizant said it had identified about $6 million in bribes paid from 2009 to 2016.
- Income tax demand is not justified, Cognizant tells High CourtThe US-based IT firm had earlier said it paid all applicable taxes related to its buyback transaction in 2016 and the Indian I-T Department...
- Madras HC stays I-T department freeze of Cognizant deposits, with riderCourt asks Cognizant to deposit 15% of the disputed amount, or over Rs 400 crore, as security in a suspense account till it decides on the ...
- Where the clashing clauses lie in the Cognizant-taxman disputeA CA with a popular consulting firm said: "This is an additional tax slapped on a company that purchases its own shares from its foreign sh...
- Paid all applicable taxes, I-T dept's position without merit: CognizantCognizant said it will "continue to vigorously defend itself and will pursue all available legal remedies".
- Income Tax Department freezes bank accounts of CognizantAccounts of Cognizant India-- one of the country's largest software firms-- were frozen after it failed to pay DDT of more than Rs 2500 cro...
- Cognizant filing says India bribe investigation costs top $60 millionThe IT company in September 2016 informed the US DoJ and US SEC that it was in violation of the US Foreign Corrupt Practices Act due to pay...
- Has Cognizant's consulting capability withered amid demands from Elliott Management to lower costs?A diminished role of its consulting practice will contribute to better margins — a demand made in November 2016 by its most vocal activist ...
- Cutting costs: Cognizant offers VRS to senior executivesCognizant has been under lens after its breakneck growth over the past two decades started to stutter. It lowered its growth guidance thric...
- Graft probe costs Cognizant $27 millionCognizant also announced that its president Gordon Coburn had resigned and was being replaced by Rajeev Mehta, when it disclosed the bribes.
- US law firm files class action lawsuit against CognizantCognizant, which had a headcount of over 2.44 lakh at the end of June, has a majority of these employees based in India.
- Cognizant faces two more class action lawsuits in USUS law firms Holzer & Holzer, LLC and Glancy Prongay & Murray have filed the cases against Cognizant on behalf of investors.
- Cognizant slashes FY revenue forecast for second consecutive quarter, despite strong Q2 sales growthCognizant is now predicting revenues in the range of $13.47 billion to $13.60 billion, implying growth of only about 8.5%-9.5% -- well belo...
- IIT-Roorkee wants to produce 100 entrepreneurs by next yearIt has got a 'Tinkering Lab' which was inaugurated by Defence Minister Manohar Parrikar on the opening day of the college's technology fest...
- Cognizant forecasts 2016 revenue growth between 10-14%, firm's Q4 profit up 17%Firm's net income rose to $423.4 million, or 69 cents per share, in the fourth quarter from $362.9 million, or 59 cents per share, a year e...
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