Brexit, slow growth of banking and financial services sector, weaker discretionary spending prompt industry to cut full-year forecast.
Naidu has set a target of creating 5 lakh jobs in the state by 2020 and plans to target the technology industry to help the create bulk of these jobs.
Some 630 people were working at these offices and their starting salary was around Rs 30,000 a month. The daily turnover of these centres was Rs 1.5 crore.
Google had sounded its intent to go after the enterprise business in India when it cut prices nearly in half to drive adoption in 2013.
Frontica, which offers IT solutions in the oil-and-gas space is owned by Norway-listed oil service investment company Akastor ASA.
Cognizant said the internal investigation is in its early stages and that it is not able to predict what action may be taken by the DOJ, or the SEC.
Coburn’s resignation comes a little over a month after Cognizant said it reorganized its delivery services by service line and appointed three new presidents.
The initial platforms are in the travel segment — Intelenet’s second-biggest vertical — which has over 4,000 employees.
Red Hat-supported software is already being used by the Indian government’s biometric idenitification program — Aadhaar.
The business process outsourcing industry has increasingly been talking of working with startups to boost their strategic value to the customers.
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