Infosys hires former Cognizant executive to head its consulting business
Thursday, December 20, 2018, 9:25 AM
A year into his role as chief executive officer of Infosys Ltd, Salil Parekh has made the first big hire at India's second-largest information technology (IT) services firm by naming former Cognizant Technology Solutions Corp. executive Mark Livingston the head of the consulting business. For now, it is not clear if Livingston, who reported to CEO Francisco D'Souza at Cognizant, will report to Parekh.
Income tax demand is not justified, Cognizant tells High Court
Wednesday, June 6, 2018, 8:57 AM
Cognizant Technology Solutions today submitted in the Madras High Court that the tax demand made by the Income Tax department was not justified and without jurisdiction. The court had in April granted interim stay on the Income Tax department's proceedings against Cognizant, subject to the firm depositing 15 percent of Rs 2,800 crore dividend distribution tax demanded by the department.