UBS handed over its only IT captive unit in Hyderabaad, India to Cognizant Technology Solutions (CTS) and transferred 2000 plus employees as part of the deal. IT services provider Cognizant Technology Solutions Corp agreed to acquire UBS India Service Centre Private Ltd for about $75 million to strengthen its position in financial services, one of its [...]
Posts Tagged ‘CTS’
10 Sep
Signs of IT business revival. Wipro, TCS, CTS started promotions and salary increment.
In the first visible signs of a turnaround in the Indian IT sector, Wipro, has lifted the freeze on promotions and hikes. TCS and CTS also announces promotions. Apart from this, Cognizant sent a mail to all its employees a couple of months back, stating that it has kicked off an appraisal process to promote [...]
26 Aug
Wipro is slipping to fourth position in Indian IT Game. Cognizant is in close race with Wipro for third position.
It may take only few quarters when Cognizant will be holding third position in Indian IT industry. Cognizant has pipped Wipro in terms of revenue from the North America – a major market for Indian IT companies. The New Jersey-based company, whose major operations are in India, now ranks third after TCS and Infy. Cognizant’s [...]
20 Apr
Cognizant Technology Solutions (CTS) adds tough condition for campus recruits. Will give jobs only if you pass test
Cognizant Technology Solutions has come up with a three-month e-learning programme that its new hires must compulsorily complete before they can join the company. The move comes as a surprise for the engineering graduates who were offered jobs by the company back in 2007, when they were still in college. Had all gone well, they [...]
13 Apr
Tech Mahindra is the new owner of Satyam. Tech Mahindra wins Satyam bid.
Tech Mahindra on Monday outbid L&T and others and won the Satyam bid, TV reports said. According to Times Now sources, Tech Mahindra will pay Rs 1757cr for 31% stake in Satyam. It will pay Rs 58 per share of the company. The face value of Satyam shares is Rs 2 per share. Meanwhile engineering [...]
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