Teaneck-based IT major Cognizant has reported a decline of 16.78 per cent in net income at $367 million for the quarter ended March 31, 2020, as compared to $441 million in the same period a year ago.

The company is aiming to invest in business and would onboard around 20,000 entry-level executives in 2020.

Reliance Jio Platforms, part of Mukesh Ambani-controlled Reliance Industries group, has sold a 2.32 per cent stake to US-based private equity firm Vista Equity on a fully diluted basis for Rs 11,637 crore. This is a third major equity deal for Jio Platforms in three weeks — it previously sold a 9.9 per cent stake to Facebook for Rs 43,534 crore, and then 1.5 per cent to Silver Lake for Rs 5,655 crore.

Hours after the US Justice Department dropped its prosecution of former National Security Advisor Gen. (retd), Michael Flynn, over the Russian investigation, US President Donald Trump on Thursday slammed newspapers which had won the Pulitzer Prize for their coverage of the alleged Russia collusion in US Presidential elections of 2016.

Trump said that now that the story has been proved untrue, these newspapers who had reported on the Russian investigation and had won the coveted Pulitzer Prize for their coverage of the same should return the highest award in journalism.

In what comes as an alarming move, a housing society in Ghaziabad has now barred the entry of residents who are health practitioners, asking them to stay in Delhi instead, causing major distress for the society's resident doctors and other healthcare personnel. The Neelpadam Kunj Society Apartment Owners Association in Ghaziabad has asked its residents who are doctors working in Delhi to make temporary arrangements for their stay in the national capital out of fears that they may spread coronavirus back home.

Indian Navy ship Jalashwa entered Male port in the Maldives on Thursday to evacuate Indian citizens stranded in the country as part of India's national effort to repatriate its citizens from abroad.

Indian Naval Ships Jalashwa and Magar are part of the first phase of evacuation operations from May 8, 2020. The navy has named its evacuation operation as Samudra Setu (Sea Bridge).

As COVID-19 cases in Mumbai continue to spike, civic body BMC on Thursday constituted a committee to investigate a viral video that showed COVID-19 patients lying next to dead bodies at the city's Sion Hospital.

The video was shared by BJP leader Nitesh Rane among others.

The Ministry of Railways on Thursday said that it has no plans to shift IRIMEE from Jamalpur in Bihar to Uttar Pradesh's Lucknow and any assertions to this effect are incorrect and misleading.

The clarification by the ministry came after senior Bihar minister Sanjay Kumar Jha urged Railway Minister Piyush Goyal to rescind the outrageous order of shifting the Indian Railways Institute for Mechanical and Electrical Engineering (IRIMEE) from Jamalpur to Lucknow.

In another attack on China, US President Donald Trump on Wednesday called coronavirus the worst-attack ever on the country, adding that it is even worse than Pearl Harbour and 9/11 terror attacks.

Trump blamed China for the pandemic and said that Beijing could have stopped it from spreading across the world.

The Delhi High Court has allowed Bharti Airtel to claim a refund of Rs 923 crore by rectifying goods and services tax (GST) returns filed between July and September 2017.

The case pertains to underreporting of input tax credit in the GST summary return form, GSTR 3B, during those three months in 2017 due to absence of the purchase-related return form during the transition period.

Food delivery firm Zomato aims to branch out into delivering alcohol, according to a document seen by Reuters, as it seeks to cash in on high demand for booze during the coronavirus lockdown.

Zomato has already diversified into grocery as the restrictions on movement shuttered some restaurants and people hesitated to order outside food.

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