Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22
Nasdaq-listed Cognizant on Friday reported its fourth quarter FY22 net profit at $521 million, down 9.5 per cent year-on-year. Revenue for the quarter increased 1.3 per cent at $4.8 billion in reported terms and it was up 4 per cent in constant currency. The IT services firm, which follows the January-December financial calendar, did not provide the […]
The government of India has began the process of banning and blocking nearly 138 betting apps and 94 lending apps with Chinese links on an ‘urgent’ basis, according to News18.com. The communication was issued to Ministry of Electronics and Information Technology (MeitY) by the Union Home Ministry, according to News18.com. Six months ago, the Union Home Ministry had started the analysis of 28 […]
The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday. Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. “Why would there be any ban if they were genuine? Action has been taken on […]
Uttar Pradesh government delegation led by state Finance Minister Suresh Khanna met with Chairman, of Infinite Computer Solutions Sanjay Govil on Tuesday in New York. “Infinite will be signing an MOU to invest over 500 crores in the near future to build IT campuses in Noida and Lucknow,” UP Investors Summit tweeted. Uttar Pradesh Minister Suresh Khanna […]
Ranjeeth Bellary, Partner, EY Forensic & Integrity Services Ranjeeth Bellary has spent almost 12 years of his two decades of experience at EY, where he started as Senior Manager, making Partner in July 2022. Earlier, he worked for seven years with Deloitte as Manager. He specialises in electronic discovery, computer forensics, litigation support, anti-money […]
The stakeholders of the gaming industry recommended a self-declaration mechanism for registration and a graded approach to KYC in a meeting with the IT ministry on Tuesday, industry sources told Business Standard. “The industry largely stated that powers given to the self-regulatory body will lead to significant delays to the launch of new games,” an official aware of […]
The Editors Guild of India on Wednesday urged the government to expunge the draft amendment to the IT Rules asking social media companies to take down news articles that have been deemed “fake” by the Press Information Bureau (PIB). “The Guild urges the Ministry to expunge this new amendment, and to initiate meaningful consultations with press bodies, media organisations […]
The intent to hire freshers in India has of late improved in India, a new report released on Thursday showed. Sixty-two per cent of companies in India want to hire freshers in the first half of 2023, compared to 59 per cent between July and December last year. This is nearly 4.5 times higher than the global […]
(Reuters) – Generative AI models such as ChatGPT will slow down market share gains and deflate pricing for Indian IT companies in the short term, analysts at J.P.Morgan said on Friday. As generative AI is implemented more broadly, consulting firms like Accenture and Deloitte and will gain market share over Indian IT firms like Infosys Ltd and […]
The Advertising Standards Council of India (ASCI) on Thursday said it has processed 2,767 complaints since coming up with influencer guidelines in May 2021. More than half of the violations have been found on Meta-owned Instagram platform, while Alphabet’s Youtube contributed a third of them, the self-regulatory organisation for the advertising industry said. The body said in […]
