Cognizant to invest $183 million for new India campus, add 8,000 jobs
Commercial operations will begin in March 2029, an Andhra Pradesh Government press release said.
Cognizant did not immediately respond to a request for comment.
The announcement comes just months after India's top IT firm, Tata Consultancy Services, unveiled plans for ₹13.70 billion campus in the same city, and is expected generate 12,000 jobs.
The move aligns with Cognizant's strategy to optimise real estate costs. In May 2023, Chief Executive Ravi Kumar S. said the company would relinquish 11 million square feet of office space globally, mainly in India's largest cities, while investing in tier-2 Indian cities.
Globally, IT companies, including those in India's $283 billion sector, are taking cost-cutting measures such as monetising real estate assets and delaying wage increases amid demand uncertainty.
Last month, the Teaneck, New Jersey-based company raised its annual revenue forecast and beat first-quarter results driven by increased demand for AI-powered IT services.
Cognizant expects 2025 annual revenue between $20.5 billion and $21.0 billion, compared to previous outlook of the midpoint of $20.30 billion to $20.80 billion.
($1 = 86.5625 Indian rupees)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
21 minutes ago
- News18
Venture Capitalist Alleges Indian-origin Startup Founders Faked Ties With Tech Giants To Lure Investors
Ash Arora's claims of misconduct by two Indian-origin founders have sparked a social media debate on startup ethics. US-based venture capitalist Ash Arora has alleged serious misconduct by two Indian-origin startup founders, claiming they misrepresented their businesses to lure investors. These allegations have sparked both criticism and introspection across the startup community. In a post shared on X (formerly Twitter), Arora, a partner at LocalGlobe and a Forbes 30 Under 30 (Europe Finance) listee, said, 'Have met two founders in SF this month. Both fraud: 1. Is subletting a rented apartment and showing that as revenue for his startup. 2. Is claiming Amazon and Google are clients who have signed LOIs when they have never even heard of them," she wrote. What truly lit the fuse, however, was Arora's follow-up remark, where she wrote, 'What's common among them? Both desi men. Beware of these people!" This characterisation quickly ignited debate online. While the underlying concern about startup ethics struck a chord with many, others took issue with her framing, accusing her of reinforcing stereotypes based on ethnicity. A sample of two. What's the point of including their race ?— bubble boi (@bubblebabyboi) July 8, 2025 Another user wrote, 'The 'desi men' part is a spicy take, but honestly, the patterns of fraud in SF are pretty universal. Desperation or greed, it always comes back to the same stuff." The 'desi men' part is a spicy take, but honestly, the patterns of fraud in SF are pretty universal. Desperation or greed, it always comes back to the same stuff.— Dan (@salinasdanielf) July 8, 2025 'Generalise a race off of a sample set of 2? Why would a brown male founder even want to take your money? Do better," read one of the comments. Generalize a race off of a sample set of 2?Why would a brown male founder even want to take your money? Do better. — Vishal Jain (@vishal_the_jain) July 9, 2025 Arora, though, stood by her words. She clarified that her use of the term 'desi" was intended to subtly point to the individuals without directly naming them. 'It breaks my heart that Indians are doing this and ruining the reputation of my country," she replied to one of the comments. Because it breaks my heart that Indians are doing this and ruining the reputation of my country— Ash Arora (@asharoraa) July 8, 2025 The conversation escalated further when Arora revealed that a few investors reached out to her. '4 VCs have pinged me correctly guessing both these founder names. Is this Soham Parekh 2.0? We need a BS radar community out here," she wrote, referencing the now-infamous case of Soham Parekh, an engineer who was recently accused by Mixpanel co-founder Suhail Doshi of fabricating parts of his resume and misrepresenting his background. 4 VCs have pinged me correctly guessing both these founder namesIs this Soham Parekh 2.0? We need a BS radar community out here. — Ash Arora (@asharoraa) July 8, 2025 The timing of Arora's remarks, coming just days after Suhail Doshi publicly called out Soham Parekh, has further heightened scrutiny over how startup founders portray themselves and their ventures to investors. While the identities of the two founders remain unknown, the post has reignited concerns about ethical standards in startup culture, especially within Silicon Valley's competitive ecosystem. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hindustan Times
24 minutes ago
- Hindustan Times
Sydney man gets 140 applications for job, none from Australia: ‘All from India, Pakistan'
A butcher in Australia is struggling to fill a position paying as much as AUD$130,000 ( ₹73 lakh approximately) per annum, for lack of qualified candidates. According to a report in Clayton Wright has received more than 140 applications for the role, but none of them from Australians. An Australian man says he has received 140 job applications, none from Australians(Shutterstock/ Representative photo) The 66-year-old butcher and businessman has warned that his predicament highlights the growing shortage of trained young tradespeople in Australia. Wright says it indicates a 'perfect storm for businesses' amid rising wages and cost-of-living pressures. The Sydney-based owner of Alexandria's Clover Valley Meat Company and Wrights The Butchers says 'It's not a matter of money'. 'We have [had a decades-long] drain on people that have not picked up the trade, this is what we're suffering now.' No luck finding a candidate Clayton Wright is 'desperate' for more employees, so much so that he is spending $1,100 per month advertising a position on job-hunting website Seek. Despite having received over 140 applications, he is unable to fill the position as all the applications are from overseas. 'We've had 140 applications and not one was from Australia,' he said. 'They were from Bangladesh, India, Pakistan, Nigeria, South America.' Wright says that all the applicants are looking for ways to enter Australia. Some can barely communicate in English, others have no experience in the butchering industry. Aside from some applicants who had experience in halal slaughter, the other applicants 'had virtually no qualifications at all' and 'most were battling to speak English'. 'They all want a sponsorship,' said the Australian businessman. 'This happened years ago in the chef industry, where chef was an easy entry into Australia so all these people came and did a chef's course. The problem is that you have no butchers, so if you bring people in from overseas you have no one to train them.' The business lobby agrees that Australia is facing a skill shortage, and that Wright is not alone in experiencing this. 'We are hearing from business owners across the state who are advertising the same job two, three, even five times and still coming up empty,' said Daniel Hunter, chief executive of Business NSW.
Hindustan Times
27 minutes ago
- Hindustan Times
Auto recap, July 12: Vida VX2 Plus first ride review, VinFast VF6 and VF7 booking, Mercedes-Benz GLS AMG launch & more..
Here is your quick check on the biggest developments in the world of automobiles. Check Offers The automotive sector is undergoing swift transformations, making it challenging to remain updated on all the recent developments. At HT Auto, we are committed to providing the most pertinent and up-to-date information as it emerges. Presented below is a brief summary of the main highlights from Saturday, July 12. Hero MotoCorp's Vida VX2 Plus first ride review: Is it value for money? The Vida VX2 from Hero MotoCorp's EV-only subsidiary Vida comes as a practical commuter scooter equipped with some fun-to-ride features. Availability of the Battery-as-a-Service (BaaS) scheme makes it more lucrative for the consumers. We got to ride the Vida VX2 Plus in Bengaluru and tested it thoroughly to bring you a comprehensive review of the electric scooter. Also Read : Hero MotoCorp's Vida VX2 Plus first ride review: Is it value for money? Tesla releases first teaser ahead of India launch for the first time Tesla has released its first teaser on its social media. The teaser is quite simple, you can see the Tesla's logo and 'India' text, and the caption says 'Coming Soon'. The brand is already prepping to inaugurate its first dealership in India. It will be located in Bandra Kurla Complex (BKC), Mumbai. The first experience centre will open on July 15. The electric cars have already landed in India, and we expect they are already in the experience centre because they were recently spotted being offloaded right outside the building. The second experience centre by Tesla will be opened in New Delhi. The brand already has an office in Bangalore, and Tesla is also looking for warehouses in Karnataka and Gurugram. Also Read : Tesla releases first teaser ahead of India launch for the first time VinFast VF6 & VF7 pre-bookings commence on July 15, to begin India operations with 32 dealerships VinFast Auto India has announced it will officially begin accepting pre-bookings for the VF6 and VF7 electric SUVs from July 15, 2025. The Vietnamese automaker is preparing its arrival in the Indian market and has signed dealer partner agreements with 13 dealer groups. The electric vehicle manufacturer will commence operations in India with 32 dealerships across 27 cities nationwide, and will set up a 3S (sales, service & spares) network. Also Read : VinFast VF6 & VF7 pre-bookings commence on July 15, to begin India operations with 32 dealerships Mercedes-Benz GLS AMG Line launched at ₹ 1.4 crore Mercedes-Benz has officially launched the new GLS 4MATIC AMG Line in India, adding a bold and dynamic dimension to its flagship luxury SUV lineup. Building on the success of the GLS, which has already crossed 16,000 units on Indian roads, the AMG Line brings in a performance-inspired aesthetic along with refined luxury and enhanced sporty attributes. The GLS AMG Line is priced at Rs. 1.4 cr (GLS 450 AMG Line) and Rs. 1.43 cr (GLS 450d AMG Line). Also Read : Mercedes-Benz GLS AMG Line launched at ₹ 1.4 crore Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 13 Jul 2025, 08:00 am IST
