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COGNIZANCE 2016
Income Tax department again seeks bribery documents from CognizantTax department had sought records relating to the bribe after Cognizant reported it in 2016.26 Feb, 2019, 08.49 AM IST- 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 2016.31 Oct, 2018, 08.45 AM IST
- 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 2016.30 Oct, 2018, 09.42 PM IST
- 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...05 Jun, 2018, 11.53 PM IST
- 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 ...04 Apr, 2018, 08.20 AM IST
- 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...28 Mar, 2018, 03.50 PM IST
- 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...28 Mar, 2018, 11.57 AM IST
- 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...01 Mar, 2018, 08.06 AM IST
- 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 ...16 Feb, 2018, 02.33 PM IST
- 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...06 May, 2017, 12.39 PM IST
- 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.02 Mar, 2017, 09.07 AM IST
- 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.04 Nov, 2016, 08.15 PM IST
- 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.04 Nov, 2016, 11.48 AM IST
- 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...06 Aug, 2016, 01.23 AM IST
- 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...20 Mar, 2016, 01.43 PM IST
- Banking, financial services segment ahead of company's overall growth: TCSAllaying concerns regarding demand slowdown in BFS vertical, country's largest IT firm TCS said the segment continues to grow well and is "...09 Feb, 2016, 08.57 PM IST
- 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...09 Feb, 2016, 09.46 AM IST
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