Cognizant
SC sets aside Bombay HC order restraining Cognizant from using logo in India
Cognizant on September 5 removed its logo from its website and all social media platforms, including LinkedIn, Facebook, YouTube, and X (formerly Twitter), in India, following a legal dispute with the small Bengaluru-based technology firm in a trademark dispute.
Cognizant drops use of logo in India after Bombay HC order
Cognizant has removed its logo from major social media platforms after the Bombay High Court reinstated a ban in a trademark dispute with Bengaluru-based fintech Atyati. The court ruled that Cognizant cannot use the logo in India until the case concludes. Atyati claims Cognizant copied its 2019 logo design.
Cognizant to deploy 1,000 context engineers to industrialise agentic AI
Cognizant is investing in 'agentic AI' by training 1,000 context engineers and partnering with Workfabric AI. This initiative aims to leverage the ContextFabric platform to transform organizational data into actionable context for AI agents. CEO Ravi Kumar S emphasizes the importance of context in the LLM era, positioning Cognizant to drive scalable AI adoption for clients.
US visa squeeze hits Indians; Kiranas, Q-comm go lean before GST 2.0
US visas will become harder for Indians as the Trump administration shuts down a popular fast-track route. This and more in today’s ETtech Top 5.
Cognizant CEO Ravi Kumar S. added to the 2025 TIME 100 AI List
Cognizant CEO Ravi Kumar S. has been named to the 2025 TIME 100 AI list, recognizing his leadership in enterprise AI. Under his guidance, Cognizant pledged $1 billion to AI acceleration and launched the Synapse skilling initiative. Kumar also initiated a global AI hackathon, earning a GUINNESS WORLD RECORDS™ title and fostering AI literacy among employees.
Lack of functional CCTVs in police stations comes on apex court radar
The Supreme Court has initiated a suo motu public interest litigation addressing the absence of functional CCTV cameras in police stations, prompted by reports of eleven custodial deaths in the past seven to eight months of 2025.
Defamation: Sameer Wankhede's sister files protest petition over police's clean chit to Nawab Malik
Yasmeen Wankhede, sister of IRS officer Sameer Wankhede, alleges biased police investigation into her defamation complaint against NCP leader Nawab Malik. She claims the probe was influenced by Malik, who she accuses of making false allegations after her brother's involvement in a drug case against Malik's son-in-law. Yasmeen has filed a protest petition against the police's clean chit to Malik.
Vibe meets value: AI coding prompts multi-million workflows
India's tech industry is rapidly adopting AI for coding. Major companies like Tata Consultancy Services and Infosys are providing AI tools to their employees. This shift is boosting productivity and changing software development. Experts predict vibe coding will become standard. However, challenges like pricing and compliance need addressing. The rise of AI coding assistants may impact entry-level programming jobs.
Punjab govt to allow flood-hit farmers to mine sand from their fields: Manish Sisodia
Manish Sisodia announced that Punjab farmers will be permitted to extract and sell sand deposited in their fields by recent floods, addressing concerns about the upcoming Rabi crop. He urged Prime Minister Modi to release the "pending" Rs 60,000 crore to aid flood relief efforts during his visit to Punjab.
Indian IT firms' reliance on it fell over years; are less vulnerable: Mohandas Pai on H-1B concerns
Amidst US scrutiny of H-1B visas, Mohandas Pai, former Infosys CFO, has asserted that Indian IT firms' reliance on these visas has significantly decreased. He highlighted data showing major American tech companies are now among the top applicants.
NGT takes suo motu cognizance of IIT-Roorkee study on Ganga's summer flow
The National Green Tribunal has initiated proceedings based on an IIT-Roorkee study revealing groundwater's crucial role in sustaining the Ganga's summer flow, surpassing glacier melt's contribution. The study suggests focusing on groundwater recharge and tributary revival for perennial flow, prompting the NGT to involve key agencies and seek their responses to address potential environmental violations.
TPG beats Advent to emerge frontrunner for Tessolve stake; to invest $140–150 million
TPG Inc. is leading the race to acquire a significant minority stake in Tessolve, a semiconductor design and engineering company primarily owned by Hero Electronix. TPG's growth fund has entered into an exclusivity agreement with Tessolve for final negotiations, surpassing Advent International's bid, valuing Tessolve at $475-500 million.
President Murmu gives assent to Online Gaming Bill
President Murmu has approved The Promotion and Regulation of Online Gaming Bill, 2025, aiming to encourage e-sports and online social games while banning harmful online money gaming. The legislation targets service providers, advertisers, and financial facilitators of such games with penalties, not the players themselves.
Cognizant to roll out wage hikes for 80% of eligible employees effective Nov 1
The company, during its second quarter earnings, had said that it plans to award merit-based salary increases for the vast majority of employees during the second half of 2025.
Online Gaming Bill awaits Presidential assent, followed by quick rollout: Secretary MeitY
Parliament has passed the Promotion and Regulation of Online Gaming Bill, now awaiting presidential approval. Aiming to promote e-sports and social games, the bill outlaws online money gaming, targeting service providers and advertisers with potential penalties of imprisonment and fines.
Cognizant's India M&A team gets consultants to up inorganic growth
Cognizant Technology Solutions is beefing up its mergers and acquisitions team in India. The company has hired at least five executives from consulting firms such as PwC, Deloitte and EY in India as part of the corporate development team to support its M&A efforts.
Muted IT hiring to focus on skill-driven freshers
Software services firms are adopting a cautious hiring approach, prioritizing skill-driven freshers with an anticipated growth of 3-5% in the second half of the year. This strategic shift focuses on junior roles and niche mid-levels, particularly in AI, cloud, and platform domains, driven by cost optimization and the demand for specialized skills.
Swiggy, HDFC Bank, Eternal among stocks bought & sold by SBI Mutual Fund in July
In July, SBI Mutual Fund strategically adjusted its portfolio, increasing its stake in Suzlon Energy and Swiggy significantly. Conversely, the fund house reduced its holdings in HDFC Bank and Eternal. Notably, Vodafone Idea saw a substantial increase in shares, while Ashok Leyland experienced a major offloading. The fund house also made new entries and a complete exit from Raymond Realty.
Bombay HC quashes notice issued to HDFC MD by magistrate's court in defamation complaint
The Bombay High Court overturned a local court's order that had issued a notice to HDFC Bank CEO Sashidhar Jagdishan in response to a defamation complaint. The complaint was filed by a trustee of Lilavati Kirtilal Mehta Medical Trust.
Cognizant announces salary hikes amid uncertainty in IT industry
Cognizant announced merit-based pay hikes for 80% of eligible staff from November, following similar moves by TCS and Infosys amid industry uncertainty. While salary revisions offer relief, TCS is also laying off 12,000 employees. The IT sector remains cautious, with reduced hiring and concerns over large-scale job cuts persisting.
Cognizant raises staff pay; Wipro, Warburg eye Harman's biz
IT major Cognizant announced pay hikes for 80% of its staff. This and more in today's ETtech Top 5.
Odisha man booked for cooking monitor lizard and posting video on social media
Rupa Nayak, a youtuber from Odisha, has been arrested. He allegedly uploaded a video of himself cooking a monitor lizard. Monitor lizards are protected under Indian law. The Forest Department took notice after the video went viral on social media. Nayak admitted to the act during interrogation. He faces charges under the Wildlife Protection Act of 1972.
Oppn walkout in Rajya Sabha on SIR, government says 69 hours of work wasted this session
The Rajya Sabha witnessed disruptions by the Opposition over the SIR issue, leading to adjournments and a walkout. Despite the turmoil, the government successfully passed the Indian Ports Bill, 2025, with support from BJP and allied parties.
Real-money gaming ends, why startups turn to IPOs
The Lok Sabha passed a Bill proposing a sweeping ban on real-money gaming. This and more on today's ETtech Top 5.
How may (A)I help you; Darwinbox bags OTPP funds
Wish you a very Happy Independence Day! Online platforms are trying to perfect the mix of human and AI in customer care. This and more in today’s ETtech Morning Dispatch.
Credit on UPI; Amazon rushes into quick commerce
Banks are finally looking to disburse loans via UPI, with initial trials in progress. This and more in today's ETtech Morning Dispatch.
Delhi-NCR stray dog case: SC shifts case to 3-judge bench, hearing tomorrow
The Supreme Court has moved the suo motu case regarding stray dogs to a larger bench. A three-judge bench will hear the matter tomorrow. Previously, a two-judge bench had ordered the relocation of stray dogs in Delhi-NCR. The court initially took up the case based on a news report.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Uttarakhand Cabinet approval to bill amending anti-conversion law makes it far more stringent
The Uttarakhand cabinet has approved a second amendment to the state's Freedom of Religion Act, increasing penalties for forced religious conversions. The new legislation proposes life imprisonment and fines up to Rs 10 lakh, aiming to deter offenders and preserve the state's identity. This amendment addresses concerns about demographic changes and alleged conversion campaigns, making such offenses cognizable and non-bailable.
How NRI investment is pushing modern amenities in Indian real estate
Driven by Non-Resident Indians, the Indian property market is undergoing a significant transformation. NRIs are actively shaping housing and construction by demanding contemporary amenities and global standards. This influx of NRI capital is pushing developers to incorporate smart technology, wellness areas, and enhanced transparency, ultimately elevating the quality of housing for all buyers.
NPCI shuts UPI pulls; Nykaa Q1 shows growth
Happy Wednesday! To curb rising fraud, NPCI urges banks and fintechs to stop UPI pull transactions. This and more in today’s ETtech Morning Dispatch.
"Some serious pressure in this matter over judiciary to act contrary to law": Michel James' lawyer after court rejects request for release
A Rouse Avenue Court denied Christian Michel James' plea for release. James is an accused in the AgustaWestland scam. His lawyer, Aljo K Joseph, claimed the judiciary faces pressure. Joseph questioned the court's disregard for the Extradition Act. The court stated that previous appeals were already considered by higher courts.
Mark Matthews identifies hospitality sector as a bright spot in India’s growth story
Mark Matthews of Julius Baer shares insights on upcoming US-Russia talks and their potential impact. He believes India's concerns might not be a priority. Emerging markets, excluding India, look attractive due to undervaluation and currency stability. Matthews favors the banking sector in India, citing economic growth and RBI policies.
AI isn't the only culprit: GCCs in the spotlight in India's IT layoff story
Vishal Sikka's early bet on global capability centers (GCCs) is now a reality as more companies insource tech operations in India. This shift challenges Indian IT giants, facing talent and business losses. While offering GCC-as-a-service, they navigate AI challenges and tariff risks under Trump admin, impacting both IT firms and GCCs.
Cognizant says hiring targets for this year progressing on track
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.
TCS layoffs herald AI shakeup of $283 billion outsourcing sector
While TCS pegged the move to shed 2% of its workforce to skill mismatches rather than AI-related productivity gains, experts viewed the largest-ever layoffs by India's top private employer as the beginning of things to come in the labour-intensive sector. Roughly 12,200 TCS middle and senior management jobs will be lost. The industry, which has played a crucial role in creating a middle class in India, is increasingly seeing AI being used for everything from basic coding to manual testing and customer support.
Cognizant posts 14% increase in Q2 profit to beat own estimate, raises full-year guidance
Cognizant exceeded its Q2 2025 revenue expectations, reporting an 8.1% YoY increase to $5.25 billion, alongside a 13.9% profit growth. This growth was fueled by strong performance across geographies and verticals, despite a slight contraction in health sciences. The company has revised its full-year revenue guidance upwards, anticipating contributions from recent acquisitions and a surge in AI-driven projects.
RBI Monetary Policy keeps repo rate unchanged at 5.5% amid Trump tariff threats; reveals GDP, inflation targets for Q1 FY27
RBI Monetary Policy Repo Rate Change: The Reserve Bank of India's MPC, under Governor Sanjay Malhotra, has maintained the repo rate at 5.5% after previous cuts. This decision precedes the festive season, a period of increased credit demand. It reflects a cautious approach to balancing external economic pressures and supporting domestic growth amidst easing inflation and trade concerns.
University degrees are not enough: Experts share 3 easy job skills that AI still can't fake
AI isn’t just reshaping the workplace. It’s gutting the bottom rung of the career ladder. Entry-level jobs are being automated, filtered, and squeezed out before graduates even get a foot in. Internships are now essential. Portfolios speak louder than degrees. Even the job application itself is a battle against machines. While companies insist no jobs are lost, the numbers and stories say otherwise. For young people, this is less a job market and more a maze with no map.
RJD's Tejashwi Yadav seeks booth-wise data on voter deletions
Rashtriya Janata Dal (RJD) expressed worry regarding the removal of over 65 lakh names from Bihar's electoral list. Tejashwi Yadav demanded transparency and questioned the basis for the deletions. He challenged the Election Commission's (EC) criteria, especially concerning migrant voters. Yadav also claimed his name was deleted, a statement refuted by the Patna District Magistrate (DM).
Small-value payments to cost banks; Swiggy’s grim Q1
Happy Friday! Banks are scrambling as the government cut incentive on small-value UPI transactions. This and more in today’s ETtech Morning Dispatch.
IT grappling with cost pressures as pricing shifts from effort to outcomes
With generative AI and Agentic AI boosting productivity by 20-40%, leading to swifter outcomes at lower costs, clients are asking why they are still paying the same per full-time equivalent (FTE).
Prakash Hinduja on reimagining philanthropy for the next generation
The Hinduja Foundation is evolving its philanthropic approach. Prakash Hinduja emphasizes adapting to modern tools and partnerships. The focus is on digital engagement and collaborative networks. The foundation supports leadership development and emergency response. It encourages a shift to community-centric models. The Hinduja family aims to innovate while honoring its legacy. They promote learning and working together for greater impact.
Jammu and Kashmir: Under-construction footbridge collapses in Udhampur amid heavy rains
In Udhampur, Jammu and Kashmir, a Rs 1.58 crore footbridge connecting Swena and Narsoo blocks collapsed due to heavy rainfall during its construction phase. The bridge, which had been under construction for 1.5 years, was in the launching stage when the incident occurred.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
AI will lead to concentration of wealth, power; must use AI for solving social challenges: Nilekani
Infosys co-founder Nandan Nilekani acknowledges AI's potential to concentrate wealth but advocates for its use in improving healthcare and education for a billion people. He suggests India focus on applying AI to solve real-world problems rather than competing in the expensive AI race. Nilekani also expressed reservations about universal basic income, promoting AI's role in amplifying human potential.
West Bengal LoP Suvendu Adhikari accuses CM Mamata Banerjee of threatening BLOs
Suvendu Adhikari has formally complained to the Election Commission against Mamata Banerjee, accusing her of intimidating BLOs and attempting to manipulate voter lists for political advantage. Banerjee asserted BLOs are state employees and cautioned against voter roll deletions. Simultaneously, West Bengal's CEO has made the 2002 voter lists for several districts accessible online.
Delhi Police refutes Mamata Banerjee's assault claim on Bengali-speaking migrants, calls video 'fabricated'
Delhi Police have refuted West Bengal CM Mamata Banerjee's shared video alleging assault on a Bengali-speaking woman and child in Delhi, labeling it "fabricated" and "politically motivated." DCP Abhishek Dhania stated the woman, Sanjanu Parveen, initially claimed extortion by men posing as police.
Boardroom takeover? Indian leaders are calling the shots at global giants
Indian-origin executives are increasingly leading Fortune 500 companies, driven by strong engineering talent and a unique ability to thrive in chaotic environments. Their success stems from rigorous education in India, adaptability, and cultural fluency, making them effective global leaders. A growing "boomerang effect" sees talent building competitive businesses within India, further strengthening the nation's economic ecosystem.
Laxmi India Finance garners over Rs 75 cr from anchor investors. Check key details here
Laxmi India Finance Ltd garnered over Rs 75 crore from anchor investors, including Saint Capital Fund and BNP Paribas Financial Markets, prior to its IPO launch. The IPO, opening July 29, comprises a fresh issue and offer for sale, targeting Rs 254.26 crore. Proceeds will bolster the NBFC's capital for lending.
Mamata Banerjee's migrant assault claim sparks fake video row; Delhi Police, BJP hit back
West Bengal Chief Minister Mamata Banerjee has accused BJP-ruled states of mistreating Bengali-speaking migrant workers, questioning the silence of national commissions on the issue. This comes as Delhi Police refuted Banerjee's claim of assault on Bengali migrants in Delhi, alleging a fabricated video.
ETMarkets Smart Talk| Insurance, private banks, and AI-led IT: George Thomas picks value spots in a volatile market
George Thomas of Quantum AMC suggests that despite market volatility and cautious FIIs, opportunities exist in private sector banks, insurance, and AI-driven IT. He notes IPO valuations are full and advises valuation-consciousness, especially in small and midcaps. Domestic flows and earnings recovery support market performance, with SIPs indicating a shift in retail investor behavior towards long-term orientation.
TCS to freeze senior hiring, pause annual salary hikes
Onboarding delays for those with experience who have been hired exceeds 65 days, according to the people cited. The Tata Group unit has already started phasing out hundreds of benched staff in Hyderabad, Pune, Chennai and Kolkata, in line with its new policy that mandates such employees to find projects in 35 days or leave. TCS did not comment on the development.
Explained: Why TCS firing 12,000 employees may be a canary in the mine and what it means for investors
TCS's decision to lay off 12,000 employees due to macro uncertainties and AI disruptions has triggered investor concerns, contrasting sharply with Meta's layoff experience. This move reflects a weak demand environment and potential execution risks for the IT sector. Analysts warn of margin pressures and rising attrition, signaling a structural shift in India's IT services industry.
Troubles deepen at TCS; Honasa’s beauty-tech plan
Happy Tuesday! After announcing over 12,000 layoffs, TCS now plans to pause senior hiring and annual appraisals. This and more in today’s ETtech Morning Dispatch.
Sensex ends 572 pts lower, Nifty below 24,700. Here are 5 reasons why the Indian stock market fell
Indian equities plummeted on Monday, with the Sensex and Nifty facing significant losses due to disappointing earnings, stalled India-U.S. trade talks, IT sector layoffs, and persistent foreign investor outflows. Kotak Mahindra Bank's poor results and TCS's workforce reduction further dampened market sentiment.
'No need for brains': Harsh Goenka recalls global CEO's insult, says people now prefer to work for Indian cos
Harsh Goenka shared an anecdote about a global CEO who preferred his Indian counterpart to focus on execution rather than strategic thinking, revealing a colonial mindset. This viewpoint is causing many professionals to favor working for Indian companies where their intellect is valued.
US hotels boost background checks as migrant scrutiny grows
Amidst heightened scrutiny of foreign-born workers, U.S. hotels increased background checks by 36% in the first half of 2025 compared to 2024. This surge follows the U.S. Department of Homeland Security's reversal of guidance, potentially leading to immigration raids at hotels.
New Income Tax Bill 2025- Will fewer words mean fewer compliance burdens?
The new Income Tax Bill, 2025, is leaner, better organised, and easier to navigate than the Act it aims to replace. Yet, what most salaried individuals, pensioners, HUFs, and small businesses really want is a system that’s genuinely simpler— fewer hurdles, quicker resolutions, and fairer treatment. In addition to that, there is little clarity on addressing time delays in appeals, refunds
CBI court grants interim stay on proceedings against Mehul Choksi in bank fraud case
A Special CBI court has temporarily halted trial court proceedings against Mehul Choksi and other accused individuals in a Canara Bank fraud case. Advocate Vijal Aggarwal argued that the order summoning the accused was unreasoned and issued mechanically.
Andhra liquor scam: Chargesheet mentions Ex-CM Jagan as kickback recipient, not named as accused
A chargesheet alleges YS Jagan Mohan Reddy received kickbacks in a liquor scam. The Andhra Pradesh police filed it in court. It claims Rs 50-60 crore monthly went to Jagan. Key figures like Kesireddy Rajasekhar Reddy are implicated. He is accused of manipulating excise policies. The SIT arrested YSRCP Lok Sabha member PV Midhun Reddy.
Karnataka HC quashes criminal proceedings against HUL CEO Rohit Jawa
The Karnataka High Court has dismissed a food contamination case against Hindustan Unilever Limited CEO Rohit Jawa. The case involved Horlicks biscuits found with excessive pesticide levels. The court allows a fresh complaint, directing authorities to include HUL as an accused. The judge questioned why the company wasn't initially targeted.
NCW asks Odisha DGP for action take report on college student self immolation case in 3 days
The National Commission for Women (NCW) has taken cognizance of a deeply disturbing self-immolation incident involving a college student in Balasore, Odisha, who allegedly faced sexual harassment. NCW Chairperson Vijaya Rahatkar urged the DGP to ensure a fair and time-bound investigation, strict action against the accused, and comprehensive support for the victim.
Kling AI Redefines Storytelling Rules with Revolutionary Anthology Series 'Loading…'
In an era defined by rapid AI acceleration and creative disruption, Kling AI’s new anthology series ‘Loading…’ stands as a landmark moment. This ambitious project marks the convergence of artificial intelligence and cinematic storytelling, offering a bold preview of the future of content creation. With each episode powered by AI models from conception to execution, ‘Loading…’ pushes the boundaries of what’s possible in digital entertainment, setting a new precedent for AI-generated media.
Industrial & warehousing demand at all-time high, 20mn sq ft in H1 2025
Industrial and warehousing sector witnessed strong demand across top cities. Delhi NCR and Chennai led the leasing activity. About 20 million sq ft of leasing was recorded in H1 2025. 3PL players were the primary drivers of space uptake. Engineering, e-commerce, and automobile sectors also contributed significantly. New supply reached 19 million sq ft, indicating developer confidence.
New Delhi hosts mega meet to celebrate Dalai Lama’s birthday
The International Buddhist Confederation commemorated the 90th birth anniversary of the 14th Dalai Lama in New Delhi, celebrating his contributions to world peace, universal responsibility, and the preservation of Buddhist culture. The event highlighted his dedication to ancient Indian wisdom and his role as a bridge between Eastern and Western thought.
Ahead of Jaishankar's visit, China says Tibet-related issues 'thorn' in ties with India
Ahead of Jaishankar's visit to China for the SCO conclave, the Chinese embassy stated that Tibet-related issues, particularly the Dalai Lama's reincarnation, are a "thorn" in India-China relations and a "burden" for India. China insists the Dalai Lama's reincarnation is an internal matter, rejecting external interference. Jaishankar's visit follows recent efforts to repair bilateral ties after the 2020 border standoff.
K-pop star Jackson Wang makes a confession about his love life to Rhea Chakraborty. She feels sorry for him
Jackson Wang, the K-pop star, revealed on Rhea Chakraborty's podcast that he is currently single and not actively seeking a relationship, prioritizing his career and travel commitments. He expressed openness to dating in the future, particularly after turning 35, but emphasized the need for dedication in a committed relationship.
Infosys vs Cognizant: Why two IT giants are fighting over techies in US
Infosys has accused Cognizant executives of anti-competitive practices in the US healthcare IT market, alleging they undermined Infosys' Helix platform. The legal battle, initiated by Cognizant's lawsuit over data misuse, involves counterclaims of poaching employees and trade secret theft. Infosys further alleges Cognizant abused market power, while Cognizant denies the charges, setting the stage for a significant industry clash.
Infosys names two more Cognizant execs in antitrust case
The joint filing highlighted two similar disputes - the first dispute concerns the production of documents from the Syntel litigation, which Cognizant does not oppose. And the second concerns Cognizant’s refusal to produce documents from two its employees, Surya Gummadi and Kathy Diaz, each of which are responsive to numerous RFPs (request for proposals).
Cognizant seeks list of Infosys employees in trade secrets case
Cognizant has demanded Infosys identify employees who allegedly misused confidential TriZetto software data to develop its Helix platform. Infosys called the request overly broad, involving thousands of staff. The ongoing US lawsuit centers on trade secret theft, with both firms locked in a legal and competitive battle since August 2024.
From soil to sky: How Garuda’s war room is arming India for the drone battles of tomorrow
Operation Sindoor highlighted India's urgent need to bolster its drone capabilities, prompting a shift towards indigenous manufacturing and strategic partnerships. Garuda Aerospace, initially an agri-tech startup, pivoted to address critical gaps in defence, focusing on multi-role drones and ISR systems. Their success underscores the evolving nature of warfare, where preparedness and innovation are paramount for success.
Watch: Man slaps, bites 12-year-old boy inside lift in Maharashtra’s Thane district
A shocking incident occurred in Ambernath East. Kailash Tanwani assaulted a 12-year-old boy inside an elevator. The boy was going to tuition when the attack happened. Tanwani slapped and tried to bite the boy. He fnurther threatened him with a knife. The police have registered a case against Tanwani. The incident has caused public outrage. Authorities are investigating the matter.
Coursera names Ashutosh Gupta as managing director for India and Asia Pacific
He will oversee Coursera's enterprise business operations across the region, working closely with companies, educational institutions, and government bodies to provide students, citizens, and employees with the skills needed for the digital economy, a company statement said.
Court says MCC lacks statutory backing, dismisses violation case against PDP MLA Waheed Parra
A Kashmir court has ruled that the Model Code of Conduct (MCC) lacks statutory backing and cannot be classified as an order under section 188 of the IPC. The court dismissed a challan against PDP legislator Waheed ur Rehman Parra, who was accused of violating the MCC by organizing a rally without permission.
Linda Yaccarino resigns: What drove the X CEO to step down and what’s her net worth?
Linda Yaccarino has announced her departure as CEO of X after two years, expressing gratitude to Elon Musk for the opportunity to lead the company's transformation. Her exit follows a challenging period, including an incident with the 'Grok' AI chatbot. Yaccarino's tenure saw her focusing on attracting advertisers and driving profitability, with her net worth estimated at $40 million.
Coursera appoints Ashutosh Gupta as managing director for India, Asia Pacific
Coursera has appointed Ashutosh Gupta as Managing Director for India and the Asia Pacific region. Gupta will spearhead the company's enterprise business, collaborating with organisations to equip individuals with skills essential for the digital economy. His extensive experience in the region positions him to drive Coursera's growth and prepare communities for an AI-driven future.
Linda Yaccarino's net worth: Her paycheck at Elon Musk's X will leave you speechless
Linda Yaccarino's net worth: Linda Yaccarino has officially stepped down as CEO of X, Elon Musk's social media company, after two turbulent years in charge. Her surprise resignation comes in the wake of a controversial incident involving X's AI chatbot Grok earlier this week. She has a multimillion-dollar fortune that speaks to her decades of influence in media and innovation.
Karnataka to push for two defence corridors in meeting with Defence Minister Rajnath Singh
Karnataka Minister M B Patil announced plans to meet with Defence Minister Rajnath Singh, alongside Chief Minister Siddaramaiah, to advocate for the establishment of two defence corridors in Karnataka, emphasizing the state's significant contribution to the aerospace and defence sector.
These large- and mid-cap stocks can give more than 24% return in 1 year, according to analysts
Given how the market is reacting to numbers, the chances are that it is going to be in stock-specific mode. What is stock-specific mode? A situation where, rather than a broad-based rally, the street rewards stocks which deliver on earnings or where the fundamental operating matrix is improving. And punishes those where earnings are below estimates. This kind of reaction happens when there is a good amount of money sitting on the sidelines, but that money is cognizant of valuations. So, while being bullish, be selective, with the focus on just one thing: Earnings.
Cognizant to create 8,000 jobs with Rs 1,583 crore IT campus in Visakhapatnam
Cognizant is set to invest Rs 1,582.98 crore to establish an IT and ITES campus in Visakhapatnam, creating 8,000 jobs. The Andhra Pradesh government will allot 21.31 acres at Kapulauppada for just 99 paise. Operations are set to begin by March 2029, significantly boosting the state's IT ecosystem.
Cognizant’s former CEO’s investment firm Recognize raises $1.7 billion in second fund
Tech-focused private equity firm Recognize Partners, co-founded by Cognizant’s ex-CEO Francisco D’Souza, has raised over $1.7 billion for its second fund. With this, the company will focus on acquiring controlling stakes in companies valued between roughly $50 million and $500 million, typically at the stage when they require capital to accelerate their growth.
Nasscom to launch US CEO forum to take India-US tech ties from collaboration to co-creation
The forum will be launched at the Consulate General of India in New York on July 9 and will bring together top Indian tech CEOs and influential US stakeholders. It will serve as an engagement platform to reinforce the India-US tech corridor as a foundation for global digital transformation and inclusive economic growth.
NCW team visits Kolkata college, alleges police 'not cooperating'
An NCW team, led by Archana Majumdar, visited a South Kolkata law college following an alleged rape. Majumdar expressed concern over the inability to meet the victim and family, citing police non-cooperation. The NCW had taken suo motu cognizance, but Majumdar criticized the police's "lackadaisical attitude" and claimed the victim was hidden, hindering the investigation.
Tata Digital shores up board; Rapido’s tasty new ride
Happy Tuesday! The Tata Group has appointed two consumer-focused group CEOs to Tata Digital’s board. This and more at today’s Morning Dispatch.
CBI’s supplementary charge sheet names 18 additional accused in Avijit Sarkar's murder case
The CBI's supplementary chargesheet in the Avijit Sarkar murder case names 18 additional accused, including an MLA and two Councillors, linked to post-poll violence. Filed before the ACJM court in Sealdah, it follows a Calcutta High Court order and a prior chargesheet by the State Police.
Kolkata law college gang-rape case: Security guard arrested; total arrests now four
A security guard has been arrested in connection with the rape of a Kolkata Law College student, bringing the total arrests to four. Three men, allegedly associated with the Trinamool Congress's student wing, were previously arrested and remanded to police custody. The incident has sparked protests and political accusations, with the NCW seeking access to the victim and her family.
Minor girl dies in Nadia bomb blast, five arrested; NCW steps in
In West Bengal's Nadia district, five individuals have been apprehended following the death of a 13-year-old girl in a bomb blast during a Trinamool Congress victory procession after the Kaliganj by-poll. The National Commission for Women has taken cognizance of the incident, raising concerns about security arrangements and intelligence failures. The victim's family alleges political motives, claiming allegiance to CPI-M.
Kotak Mahindra Bank branch manager siphoned off Rs 31 crore of public money to gamble; Know how he misused customer’s KYC details
A Kotak Mahindra Bank branch manager in Bihar stole over Rs 31 crore of public funds to fuel his gambling addiction. He forged signatures on government cheques and laundered the money through foreign gaming apps. To avoid detection, he misused customer's KYC details like Aadhaar to open 21 accounts, implicating unwitting individuals. Read below to know how Bihar Police caught him.
5 prominent persons urge CJI BR Gavai to form Supreme Court bench to hear J&K statehood pleas
Five prominent figures, including a former Union home secretary, have appealed to the Chief Justice of India to address the unconstitutionality of Jammu and Kashmir's statehood removal. They urge the Supreme Court to form a bench to hear petitions and set a deadline for restoration, emphasizing the prolonged delay despite government promises. The signatories seek assurance against future statehood abrogations.
Insolvency proceedings cannot sidestep PMLA process: NCLT
The NCLT rejected the dissolution plea of Shakti Bhog Snacks, currently under ED investigation for money laundering, stating it would impede the ED's investigation and recovery of crime proceeds. The tribunal emphasized that allowing dissolution would constitute judicial overreach, especially with a special PMLA Court already cognisant of the matter.
Nitin Gadkari condemns alleged assault on NHAI official by Himachal minister; demands CM action
Union Minister Nitin Gadkari strongly condemned the assault on Achal Jindal, an NHAI project manager in Shimla, calling it a threat to public institutions and the rule of law. Gadkari has spoken with Chief Minister Sukhvinder Singh Sukhu, urging swift and decisive action against those responsible.
Cognizant to hire 100,000 people from rivals to offset attrition pains
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.
Andhra set to generate 8.5 lakh jobs with investment MoUs it signed: CM Naidu
Andhra Pradesh government secured investment deals to create 8.5 lakh jobs. Chief Minister Naidu announced investments from Google, TCS, and LG Electronics. Focus is on growth in backward regions via aerospace and food processing. The state targets 20 lakh rooftop solar connections. 'WhatsApp Governance' will expand to 703 services. India's first Quantum Valley is also planned.
Cognizant Q3 results: Income rises to $544mn, expects to make offers to 45,000 new graduates in India in Q4
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.
Cognizant appoints six women senior vice presidents in diversity push
Cognizant Technology Services has appointed six women leaders--both through internal promotions and new hires--to senior vice president (SVP) roles.
US court asks Infosys, Cognizant to resolve case via informal deal
A US court has directed Infosys and Cognizant to resolve their nine-month-long legal dispute informally, specifically regarding pretrial discovery matters related to Cognizant's TriZetto Software Group. The court encourages both IT giants to engage in meaningful discussions and seek resolution through oral agreements or informal telephone conferences with the court to efficiently address disagreements.
