Home News Cognizant reaches $95 million settlement with US shareholders over India bribery allegations

Cognizant reaches $95 million settlement with US shareholders over India bribery allegations

Cognizant Technology Solutions Corp has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to officials in India.
Cognizant said it expected insurers to cover a substantial majority of the settlement payment.
In February 2019, Cognizant agreed to pay $25 million to settle a related US Securities and Exchange Commission civil probe.

[Via]

Daily.

Google debuts Meet features, including ‘Companion mode’

On the Meet side, Google is rolling out Meet calling on both mobile and desktop devices.
With Companion mode, users can share content or see presentations on their devices without audio reverb, plus access the meeting chat and whiteboard, vote on polls, and post questions in the Q&A. Accompanying Companion mode is a live-translated captions feature, which will be available in Meet by the end of the year.
These devices will be the first to support bidirectional interoperability with Cisco, allowing users to launch a Meet meeting on Webex hardware and a Webex meeting on Meet hardware.

[Via]

Daily.

Shortly after being named as Afghanistan’s education minister, Taliban leader Sheikh Molvi Noorullah Munir questioned the relevance of higher education.
Mullah Yaqoob, the son of the Taliban founder and late supreme leader Mullah Omar, was named the defence minister.
“No PhD degree, Master’s degree is valuable today. You see that the mullahs and Taliban that are in the power, have no PhD, MA or even a high school degree, but are the greatest of all.”, the minister said.

[Via]

Daily.