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Defence, power and import substitution are emerging as long-term winners: Prateek AgarwalIndian corporate earnings are meeting expectations, but market sentiment is subdued due to broader economic concerns, not company performan...- Senco witnesses 6% drop in gold sales; customers bullish on silver, diamondSenco Gold saw gold volumes decrease by 6% in FY26. However, silver and diamond sales increased significantly. The company achieved its hig...
- IT stocks gain for 3rd day on rupee fall, tempered AI viewIndian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins for dollar-earning software expor...
- Cognizant boosts buyback target to $2 billion amid AI-led growth pushCognizant has raised its share buyback programme to $2 billion, signalling strong capital return plans and confidence in long-term growth. ...
- Dollar poised for largest weekly rise in two months as Fed hike bets increaseDollar surged to a two-month high, fueled by rising energy prices and shipping disruptions, intensifying inflation fears and boosting expec...
- Why AI pricing is becoming a policy questionAI costs are increasing for US models. This signals a need for India to develop its own technology infrastructure. Reliance is entering the...
- Mutual funds buy new-age dip; Infy CEO interviewHappy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and FPI selloff. This and more in today...
- Cognizant's activist investor Mantle Ridge builds over a $1 billion stakeMantle Ridge, led by American founder and CEO Paul Hilal, began purchasing Cognizant shares in the second half of 2022 when the stock was p...
- Activist investor Mantle Ridge builds a more than $1 billion stake in Cognizant: ReportMantle Ridge started buying up shares of the company in the second half of 2022, when the stock was trading in the high $50 to low $60 per-...
- Cognizant to acquire US digital engineering firm Belcan for $1.3 billionCognizant Technologies to acquire Belcan for $1.3 billion, expanding into aerospace, defense, space, and automotive sectors.
- Cognizant Technology March quarter results: Revenue rises nearly 10% to $4.83 billionRevenue rose 9.7% to $4.83 billion from a year ago; analysts expected $4.83 billion.
- Cognizant Beats Estimates, Posts 4% Jump in RevenueNet profit in the quarter was down 39 per cent at $395 million.
- Activist fund Elliott exits Cognizant with big gainsElliott Management was the first activist hedge fund to take aim at an India heritage IT services firm and Cognizant with its US listing an...
- Cognizant reaches agreement with activist hedge fund ElliottThe company will also change the composition of its board. Three existing members of Cognizant’s board will not stand for re-election.
- Hedge fund Elliott takes aim at CognizantThis is the first time an Indian IT firm is facing an onslaught from an activist hedge fund and Elliott has a number of wins under its belt.
- Activist hedge fund Elliott takes aim at CognizantThe letter critiqued Cognizant’s capital management strategy and called its stance shareholder unfriendly due to the lack of a dividend.
- Cognizant asks shareholders to reject mini-tender offer from TRC CapitalIn a filing to stock exchanges, Cognizant said it did not endorse TRC's "unsolicited" mini-tender offer and urged shareholders to reject th...
- Cognizant asks shareholders to reject “mini-tender” offer by TRC Capital for minority stakeTRC Capital has made similar such mini-tender offers to buy out stock in a number of Fortune 500 companies such as Wal-Mart Stores and Lowe...
- IT promoters cash in on stock gainsAs technology stock prices touch new highs, some IT company promoters are selling significant volumes of their shareholding in these compan...
- Cognizant emerges new leader, serious challenger to IBM, AccentureDuring Sept quarter, incremental revenues, at $116 mn, were the highest for Cognizant. Top exporter TCS only managed $113 mn and Wipro adde...
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