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Morning Brief Podcast: Corner Office Conversation: Cognizant CEO Ravi Kumar S on its AI Playbook

Morning Brief Podcast: Corner Office Conversation: Cognizant CEO Ravi Kumar S on its AI Playbook

Time of India3 days ago
Morning Brief Podcast (ET Online)
Corner Office Conversation: Cognizant CEO Ravi Kumar S on its AI Playbook
Anirban Chowdhury | 25:35 Min | July 11, 2025, 7:25 AM IST
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What happens when 20% of your code is written by machines? In this Corner Office Conversation, host Anirban Chowdhury speaks with Ravi Kumar, CEO at Cognizant, to unpack how the tech major is reimagining IT services through AI, automation, and open innovation. With a strong push toward interdisciplinary talent, Ravi explains how Cognizant is redefining productivity and expanding access to software development beyond traditional STEM fields. From open-sourcing its NEURO platform to preparing for an AI-led future, the company is building a more agile and inclusive tech ecosystem. As India positions itself as a global AI hub, the episode explores whether frugal innovation and a strong digital backbone can help it overcome constraints in computing power and regulation and power the next chapter of global tech transformation.
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Copper traders rush metal to Hawaii to capture mega tariff trade
Copper traders rush metal to Hawaii to capture mega tariff trade

Economic Times

time16 hours ago

  • Economic Times

Copper traders rush metal to Hawaii to capture mega tariff trade

Synopsis Traders are now racing against time, facing potential losses if cargoes arrive after the August 1st deadline. ET Online New York futures spiked to a roughly 25% premium over international benchmark prices in the wake of Trump's initial announcement on Tuesday. Copper traders racing to get cargoes into the US are looking to shift deliveries into Hawaii and Puerto Rico to cut shipment times, as Donald Trump's plan for 50% tariffs threatens to slam the door on a hugely profitable arbitrage trade that has gripped the industry for York futures spiked to a roughly 25% premium over international benchmark prices in the wake of Trump's initial announcement on Tuesday, which means traders who can deliver metal into the US before the new levies stand to capture an even larger profit — or face big losses if the clock runs announcement points to the culmination of a dramatic shift that has played out in the copper market ever since the president first announced plans to put tariffs on copper in February. The resulting surge in US prices prompted an industry-wide dash to deliver metal into the US; stockpiles inside the country have soared, while the rest of the world faced a mounting supply squeeze. The shipments had been reducing in scale in recent weeks, as some traders started to brace for a tariff announcement, according to people familiar with the market. But there are still large volumes of copper on their way to US ports, they said. Copper inventories in the US are likely to hit 500,000 tons in the coming weeks, roughly half of which is in the key US storage hub of New Orleans, according to estimates from participants active in the market. Metal is also being stored in Port Panama City in Florida. Frazzled traders described pulling all-nighters through the turmoil as they responded to Tuesday's news, making decisions over what to do with cargoes already on their way to the US, and whether to try to squeeze in further shipments. While tariffs were eventually expected, 50% was higher than many in the market were betting on. The president confirmed that rate in a social-media post late Wednesday, as well as a plan for it to kick in from Aug. 1. Some traders desperate to get their hands on last-minute metal are willing to pay big premiums — offering close to $400 a ton on top of London Metal Exchange prices — and seeking to divert shipments headed for China toward the US instead, according to people involved in the market, who asked not to be identified discussing commercially sensitive information. Buyers are particularly willing to pay more for brands that are eligible for delivery against Comex contracts, meaning that they could re-sell them on the exchange as a last resort if they cannot find other homes for the copper upon arrival in the from Asia to New Orleans typically take over a month, so any traders sending metal now would risk being caught on the wrong side of the tariffs, which are due to become effective at the start of next the journey to Hawaii is roughly ten days, and at least one trader has already completed a shipment to the Pacific state, according to a person familiar with the matter. For producers in South America, Puerto Rico is a similarly attractive delivery point because it is part of the US customs territory, some of the traders Chile, the key supplier of copper to the US, mining companies have been huddled in meetings to discuss how to prioritize shipments to the US through the end of July under their agreements with existing announcements means that traders now face a race against time — especially those that paid large premiums to get their hands on copper cargoes. They stood to make a huge profit shipping that metal to the US, but now face the risk that the tariffs will be implemented while the metal is on the are also wrestling with a long list of unknowns. Besides the timing, Trump's remarks leave questions over which types of copper will be subject to tariffs. Previous metal tariffs imposed by the administration have also exempted cargoes already on the water when the levies take effect, providing potential wiggle room for traders willing to take that risk. The size of the gap between New York and London prices — far below 50% — also suggests a level of uncertainty about whether a 50% tariff will really be universally applied on refined copper imports.

WEEKLY HOROSCOPE CAPRICORN ♑ (14th July – 20th July 2025): Saturn's Slowdown, Mercury Retrograde & Lunar Shifts Demand Patience and Planning
WEEKLY HOROSCOPE CAPRICORN ♑ (14th July – 20th July 2025): Saturn's Slowdown, Mercury Retrograde & Lunar Shifts Demand Patience and Planning

Economic Times

timea day ago

  • Economic Times

WEEKLY HOROSCOPE CAPRICORN ♑ (14th July – 20th July 2025): Saturn's Slowdown, Mercury Retrograde & Lunar Shifts Demand Patience and Planning

Synopsis ♑ Capricorn Weekly Horoscope (14th July – 20th July 2025): In your Weekly Horoscope. The transits emphasise introspection and practical planning. It can also help in emotional grounding. The Moon will be transiting through the Aquarius sign, the Pisces sign, the Aries sign and the Taurus sign. You need to focus on financial matters and domestic duties. You can gain from a long-term career vision. Mercury will be retrograde from 18th July. This may create communication lags or planning issues, but slow and steady can win. ET Online Weekly Horoscope - Capricorn (14th July – 20th July 2025): You can have a reflective mindset and practical family support ♑ Capricorn Weekly Horoscope (14th July – 20th July 2025): The Capricorn Weekly Horoscope suggests measured action and inner clarity. Saturn, your ruling planet, is retrograde in the Pisces sign. This urges you to review emotional boundaries and relationships. The transit of the Moon during this week brings you closer to your values and personal priorities. You should remain calm, structured, and open to family support. ♑ Capricorn Weekly Horoscope: Career (14th July – 20th July 2025) In your Weekly Horoscope. The Moon is in the Aquarius sign on the 14th of July. Your focus can be on income and material goals as the transit is from the Second House. From the night of 15th July, the Moon will be transiting from the Pisces sign. This enhances networking, but you may get confused with your roles or expectations. You should stay alert to miscommunications. The Moon will be transiting from the Aries sign on 18th July. You may have to focus on your home and family. Home and work may clash, especially when Mercury gets retrograde on 18th July. You should avoid launching new ventures now. The Moon in the Taurus sign on 20th July restores structure. This is ideal for your future planning. It can also help in realigning your work-life balance. Monthly Horoscope Capricorn, July 2025 Monthly Numerology Horoscope, July 2025 Weekly Numerology Horoscope, 14th July – 20th July 2025 ♑ Capricorn Weekly Horoscope: Finance (14th July – 20th July 2025) The early part of the week encourages prudent financial choices as per your Weekly Horoscope. The Moon will be transiting from the Aquarius sign on 14th July. You may review long-term financial planning. Midweek, the Moon will be transiting from the Pisces sign from 15th July to 17th July. This can tempt you into emotional or impulsive spending. You should pause before purchases. Mercury being retrograde in the Seventh House can cause delays in reimbursements or contracts. The Moon will be in the Taurus sign on the 20th of July. The transit is from the Fifth House. This is good for your financial gains. You should focus on savings and conservative investments.♑ Capricorn Weekly Horoscope: Health (14th July – 20th July 2025)The emotional weight may reflect on physical health this week, as per your Weekly Horoscope. The Moon in the Pisces sign midweek from 15th July to 17th July can trigger hypersensitivity or fatigue. You need to stay hydrated and prioritise sleep. Mars in the Leo sign can cause overexertion or blood pressure spikes. You shouldn't skip meals or workouts. The Moon in the Aries sign from 18th July can trigger inflammation or restlessness. You should avoid stimulants. The Moon would be in the Taurus sign on 20th July. Your body will crave stability. It is an ideal time for grounding activities and mindful eating. ♑ Capricorn Weekly Horoscope: Family (14th July – 20th July 2025)In your Weekly Horoscope. The Moon in the Aquarius sign on 14th July highlights domestic responsibilities. Communication around finances or household duties may arise. The Moon in the Pisces sign from 15th July to 17th July can make you more emotionally receptive to your family's needs. You can also be more vulnerable. You shouldn't internalise too much. The Moon in the Aries sign can cause tension at home if stress spills over. However, the Moon from the Taurus sign on 20th July brings peaceful vibes. This is perfect for family bonding or planning a comforting gathering. ♑ Capricorn Weekly Horoscope: Education (14th July – 20th July 2025) Your focus remains firm, especially early in the week, as per your Weekly Horoscope. The Moon in the Aquarius sign on 14th July aids research and technical learning. The Moon in the Pisces sign boosts imagination. It may reduce attention to detail. Mercury retrograde from 18th July can trigger challenges in exams, projects, or communication with mentors. The Moon in the Taurus sign at the weekend is favourable for revision and practical subjects. You should review instead of starting something new. Conclusion: Capricorn Weekly Horoscope (14th July – 20th July 2025) As per your Weekly Horoscope. The week brings a thoughtful blend of reflection and responsibility. You should allow the Mercury retrograde to slow you down for your benefit. The Moon transitions into the Taurus sign on 20th July, which can help you refocus on what matters. This can give you security, patience, and emotional clarity. You need to let go of the rush and build from within. Remedies: a) You should offer water mixed with milk to a Shivling on Monday.b) Donate black sesame seeds or blankets on Saturday.c) Recite 'Om Shanishcharaya Namah' to strengthen Saturn's energy.d) You should avoid lending money this week; focus on stabilising current by: Anand Sagar Pathak of For feedback, write to hello@ Also Read - Devotional Highlights for Sawan Month: Sawan Somwar Vrat 2025 Guide Sawan Month 2025: Spiritual Significance Dreaming of Lord Shiva: Spiritual Meaning Sawan Somwar 2025: Dates, Yogas & Spiritual Benefits of Fasting, Shiva Puja Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

ITR-1, ITR-2, ITR-3 or ITR-4: Which form applies to your income for ITR filing FY 2024-25 (AY 2025-26)?
ITR-1, ITR-2, ITR-3 or ITR-4: Which form applies to your income for ITR filing FY 2024-25 (AY 2025-26)?

Economic Times

timea day ago

  • Economic Times

ITR-1, ITR-2, ITR-3 or ITR-4: Which form applies to your income for ITR filing FY 2024-25 (AY 2025-26)?

ET Online The Income Tax Department has notified the income tax return (ITR) forms for the financial year 2024-25 (assessment year 2025-26). This year's ITR forms have been updated to incorporate the income-tax related changes announced in the Budget 2024. ET Wealth Online tells you which ITR form is applicable to your income while filing ITR this year i.e., for FY 2024-25 (AY 2025-26). Who can file income tax return using ITR-1 form? The Income Tax Department has revised the eligibility criteria for taxpayers who can file their tax return using the ITR-1 form. This change will make it simpler for many taxpayers to file their ITR. In the past, individual taxpayers with capital gains were not eligible to file their ITR usingITR-1 form. The new form allows individual taxpayers to file their ITR using ITR-1 even if they have long-term capital gains but subject to the condition that the gains are long term capital gains from sale of listed equity shares and/or equity mutual fund units and the amount of gain is only up to Rs 1.25 lakh in a financial year. Eligibility to file ITR-1 According to Shalini Jain, Tax Partner, People Advisory Services, EY India, taxpayers are eligible to file ITR- 1 if they satisfy the following conditions:a) Individual being ordinarily resident (ROR).b) Total taxable income does not exceed Rs 50 lakh in FY 2024-25.c) Have income from one or more of these income sources: Salary, one house property, other sources such as interest, dividend, pension, etc., long-term capital gains up to Rs 1.25 lakh from listed equity shares and/or equity mutual fund units and agricultural income up to Rs 5, term capital gains from listed equity shares and equity mutual fund units are taxed under Section 112A of the Income Tax Act. Also Read: Is LTCG exemption on equity shares and equity mutual funds is Rs 1 lakh or 1.25 lakh? Who can file income tax return using ITR-2 form? Taxpayers who are not eligible to file their ITR using ITR-1 can file it using ITR-2. They can use the ITR-2 form, provided they meet the eligibility criteria for the year ITR-2 will include the option to report capital gains incurred on transactions before/after July 23, 2024. This is because the new rules for calculating capital gains kicked in from July 23, 2024. The form also allows taxpayers to claim capital loss on share buybacks starting from October 1, 2024. The Income Tax Department has also provided relief to taxpayers filing ITRs for FY 2024-25 by raising the income limit to Rs 1 crore for reporting assets and liabilities in their ITR. Earlier, taxpayers with income above Rs 50 lakh were required to report their assets and liabilities in their ITR. Eligibility to file ITR-2 Jain explains that individuals who fulfil any one or more of the following eligibility criteria have to file their tax returns using ITR-2:a) Individuals having any one of these residential status for income tax purposes: Resident but ordinarily resident (ROR), Resident but not ordinarily resident (RNOR) and Non-Residentb) Hindu Undivided Familyc) Total taxable income in FY 2024-25 (AY 2025-26) exceeds Rs 50 lakhd) Income from any source except profits and gains from business or profession i.e., income from the following sources is permissible for the purpose of using ITR- 2 - salaries, more than one house property, income from other sources such as interest income, dividend, capital gains (Short term and long term) such as sale of unlisted equity shares, gains from listed equity shares and equity mutual fund units exceeding Rs 1.25 lakh, house, debt mutual funds, other assets etc.e) Taxpayer being a director in a companyf) Taxpayer holding unlisted equity sharesg) Taxpayer having income from sources outside India, such as interest, dividend, rent, capital gains and/ or holding foreign assets such as foreign shares, immovable property, bank accounts, etc h) Income from the sale/transfer of Virtual Digital Assets (VDAs) such as cryptocurrency, NFTs, etc. Also Read: ITR filing changes that NRIs should know Who can file income tax return using ITR-3 form? ITR-3 form is to be used to file ITR by taxpayers who have income and gains from business or profession. This year, ITR-3 has added references to Section 44BBC (Cruise business) for income derived from business and profession. Eligibility to file ITR-3 Jain explains the eligibility requirements for taxpayers for filing ITR using the ITR-3 form. Taxpayers meeting any of the following criteria can file their ITR using ITR-3:a) Individuals/HUF having business income/income from professionb) Partner of a firmc) Individual taxpayers having gains/losses from Futures & Options or Intra-day trading. Who can file income tax return using ITR-4 form? ITR-4 form is to be used by taxpayers who opt for the presumptive taxation scheme under Section 44AD for businesses and Section 44ADA for professionals. Eligibility to file ITR-4 Jain explains which taxpayers are eligible to file ITR-4 for FY 2024-25:a) Resident Individuals, HUFs, and Firms (Other than LLP) with total income up to Rs 50 lakh who are taxed under Sections 44AD, 44ADA or 44AE and having long term capital gains of up to Rs. 1.25 lakhs from listed equity shares and equity mutual fund units. However, the limit of Rs 50 lakh can go up to Rs 75 lakh in case of professionals, provided 95% or more of the income receipts from the profession have been received through recognised banking channels, such as Net banking, UPI, debit cards, etc. Section 44ADA applies to professionals, including doctors, lawyers, engineers, and others.b) ITR-4 can also be filed by small businesses opting for presumptive taxation under Section 44AD and having business income up to Rs 2 crore. The limit increases to Rs 3 crore if 95% or more of the business receipts are received via banking channels. Who can file income tax return using ITR-5 form? ITR-5 is not for individuals and HUF taxpayers. Eligibility to file ITR-5 Jain says, "Any taxpayer not being an individual, HUF or company can file their ITR using ITR-5. This tax form is used by firms, LLPs, Association of Persons, business trusts and investment funds." Who can file income tax return using ITR-6? ITR-6 form is applicable for companies. Eligibility to file ITR-6 Jain says, "ITR-6 is for income tax return filing by companies who cannot file tax return using ITR-7 form." Who can file income tax return using ITR-7? ITR-7 is meant to be used primarily by specified companies. Jain says, "Taxpayers, including companies which are charitable or religious trusts, political parties, research organisations, news agency or those specified in the Income Tax Act are required to furnish income tax return in ITR-7" ITR filing is mandatory even if income is below basic exemption limit ITR filing is mandatory even if the total taxable income is below the basic exemption limit if the following criteria specified in the income tax law is satisfied during the financial year: a) If you have incurred aggregate expenses on foreign travel for yourself or any other person for an amount exceeding Rs 2 lakh b) If you have paid aggregate electricity bills for an amount exceeding Rs 1 lakh c) If you have made aggregate deposits in current account exceeding Rs 1 crored) If you hold any foreign asset or have signing authority in foreign account either in own name or as a beneficiary or as a beneficial ownere) Practically, you may need to file ITR if you are claiming exemptions for capital gains under Section 54, 54B, 54EC, 54F etc. f) If aggregate TDS and/or TCS of Rs 25,000 or more has been deducted or collected during the financial year 2024-25. For senior citizens (individuals who are 60 years or more of age), this limit is Rs 50,000g) For claiming income tax refund Last date for ITR filing for FY 2024-25 (AY 2025-26) The Income Tax Department has extended the last date for filing income tax return for certain taxpayers from July 31, 2025, to September 15, 2025. This deadline extension applies to salaried individual taxpayers, HUFs, and taxpayers whose accounts are not required to be audited. Also Read: ITR filing deadline extended to September 15, 2025 for these taxpayers For other taxpayers, whose books of accounts are required to be audited, the due date for ITR filing has not been extended as yet. For them, the last date is either October 31 or November 30, 2025, for FY 2024-25 (AY 2025-26), depending on whether their business includes international transactions or not. N.R. 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