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Uber not alone in facing US probe for India graft

Tuesday, April 16, 2019, 8:32 PM

Companies based and listed in the US are coming under scrutiny over allegations that they've been paying bribes to officials in India. Cab aggregator Uber disclosed in its IPO prospectus last week that that the US DoJ is investigating the company for "improper payments" made in India. Cognizant is among a dozen firms rapped by SEC since 2016 for alleged corrupt practices in India.
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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.
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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.

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