Jochelle Mendonca

  • UBS sets sights on fintech startups

    UBS sets sights on fintech startups

    UBS has been boosting its investments in India over the last few years. From initially focusing the country as a market, it is increasingly tapping India as a delivery location for its technology spend.

    Cognizant’s US headcount drops

    Cognizant’s US headcount drops

    . Cognizant is hiring to expand in Europe as it looks to diversify revenue streams. The drop in North America headcount at the US-headquartered company comes at a time when Indian IT firms are increasingly hiring in that market to deal with visa restrictions.

    YONO largest consumer platform after e-commerce companies, says SBI Chief

    YONO largest consumer platform after e-commerce companies, says SBI Chief

    “Today, outside the ecommerce players, we are the largest ecommerce platform,” Kumar said at the Nasscom Technology and Leadership Conference in Mumbai on Friday. “I have more than 100 partners and they are growing. Today, I do a huge number of redirections to Amazon, IRCTC, Flipkart."

    Infosys to pay as much as $250 million for Simplus acquisition

    Infosys to pay as much as $250 million for Simplus acquisition

    “The acquisition reaffirms our continuous endeavor to strengthen our strategy of scaling our Agile Digital and cloud-first digital transformation capabilities. This acquisition is key to staying relevant to the digital priorities of our clients and demonstrates our commitment to the Salesforce ecosystem,” Pravin Rao, COO, Infosys, said in a statement.

    Cognizant spends $49 mn to let go some employees, $29 million to retain others

    Cognizant spends $49 mn to let go some employees, $29 million to retain others

    Under CEO Brian Humphries, Cognizant is taking a slew of steps to invest and boost growth. In October, the Teaneck, New Jersey-headquartered company said it would cut as many as 7000 jobs, and exit content moderation impacting a further 6000 employees, to slash costs and focus on key businesses.

    Cognizant in talks to buy French Salesforce consulting co, to add 345 employees

    Cognizant in talks to buy French Salesforce consulting co, to add 345 employees

    Cognizant said it was entering into exclusive negotiations to buy the French operations of El-Technologies, a digital consulting and Salesforce specialist, for an undisclosed sum. The IT company will add about 345 employees in France. The transaction requires consultation with the relevant works council and would be subject to closing conditions.

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