Digital contributes more than 30% to Cognizant’s revenue and is growing at over 20% year on year. Digital is a key area for Cognizant under CEO Brian Humphries. Since Humphries took over last April, the company has begun a process of cutting thousands of jobs and has removed or let go a significant number of senior level talent as it begins to flatten its hierarchy.
US banks, including Citibank, JP Morgan, Goldman Sachs, Wells Fargo and Bank of America have said they would continue to invest in technology to improve internal efficiencies and towards new products and services. Tech spending has been rising in largest and top regional banks in the US, and this has improved the contribution to incremental revenues and growth across Indian IT.
Infosys had agreed to pay Bansal a severance amount of Rs 17.38 crore or 24 months of salary, but the company suspended payments after he got Rs 5 crore as co-founder N R Narayana Murthy and others objected to the package as excessive. Bansal's severance payout has been one of the contentious issues Infosys founders had raised to allege governance lapses.
He joins Mindtree from Accenture where he was the MD and Director of Delivery for Advanced Technology Centers in India.
As per industry executives, the Budget had hiked import duty of various products both by way of increase in basic custom duty rate and withdrawal of earlier exemption from basic custom duty and social welfare surcharge.
Cognizant has leased the office space for nine years, and the facility would underpin its expansion in India, said multiple people with direct knowledge of the development. Rentals for the lease have been set at Rs 35 per sq ft a month, with the agreement carrying a rental reset clause every three years.
Focused on the Facebook app, a new consumer marketing campaign called 'More Together' shares stories that highlight the power of connections on the platform, the company said. This is the first such campaign launched by Facebook in India.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
