ravi kumar

Cognizant CEO ravi kumar's compensation saw a nearly 14% increase in fiscal year 2024, reaching $8.2 million. This rise reflects an 11% boost in his direct compensation to $16.1 million, driven by performance and alignment with peer group CEOs. However, his realized compensation was lower due to Performance Share Units vesting in future periods based on specific performance criteria.

A Gujarat-cadre IPS officer is under investigation for allegedly slapping a head constable in Delhi. The incident reportedly occurred after a late-night traffic stop involving the officer and a friend, who was allegedly intoxicated while driving.

Infosys is strengthening its capabilities by establishing a comprehensive GCC practice, appointing Deval Shah as its leader. This move aims to capitalize on the rapidly expanding GCC market, offering services like setting up new GCCs and scaling existing ones. Infosys is already witnessing strong momentum with multiple deals, including a recent large win with an airline business.

Cognizant has urged a US court to dismiss Infosys' antitrust counterclaims, asserting a lack of factual evidence supporting allegations of monopolization and anti-competitive practices. Cognizant argues that Infosys' claims regarding inflated prices, restricted market entry, and predatory hiring are unsubstantiated and fail to meet the legal threshold for an antitrust case.

Infosys is establishing a dedicated global capability centre (GCC) practice, led by Deval Shah, to capitalize on the expanding GCC market. The company aims to secure deals for setting up new GCCs and supporting existing ones. Cognizant and Wipro are also actively engaging with GCCs, recognizing their strategic importance and the opportunities for partnership in areas like engineering and operations.

Amidst protests against new Waqf laws and claims of communal violence in Murshidabad, West Bengal minister Firhad Hakim downplayed the situation, stating that people are relocating within the state, not fleeing. BJP leader Suvendu Adhikari alleges that over 400 Hindus were forced to leave their homes due to the violence, blaming Trinamool Congress' appeasement policies.