The suit, filed last month, claims that Cognizant executives had misled shareholders about audits conducted into its anti-corruption practices.
Old economy Inc is trying to capture a share of the digital pie and the timing seems just right.
The compensation increases have come at a time when the company said it was laying off as many as 200 senior executives.
IT company confirms zero-day attack, could be liable for damages if client information found to be compromised.
In 2018, Tyagarajan earned nearly $700,000 in salary, $3.1 million in share awards, $960,000 through the company’s non-equity incentive scheme and a little over $79,000 in other compensation.
Company, which faced most US visa rejections in 2018, saw attrition cross 18% in Q4.
The world is likely to face a second ‘Y2K’ problem in 10 years and the time to act on ‘quantum-safe encryption’ is now, experts say.
TCS as well as those filing the suit have made a joint filing with the court, stating they are in talks for settlement.
IT companies are spending millions of dollars to reskill employees in India, to build their offshore base.
Indian IT firms are facing a challenging environment as the industry pivots its economic model away from labour arbitrage to one based on digital technologies.
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