New Delhi: Cognizant Monday said it will acquire US-based TriZetto Corporation for USD 2.7 billion in an all cash deal, a move which will help the IT services firm tap the lucrative healthcare IT software and solutions market.
The acquisition will create an entity with more than USD 3 billion in combined healthcare revenue, serving around 245,000 healthcare providers (hospitals, clinics, etc) and about 350 payers (health insurers).
Privately-held TriZetto is a provider of healthcare IT software and solutions. Founded in 1997, TriZetto has 13 offices in the US and two in India.
New Delhi - Ford India on Monday launched a refreshed version of its compact car Ford Figo priced up to Rs Rs 6.09 lakh (ex-showroom Delhi) ahead of the upcoming festival season.
The refreshed Ford Figo will be available at Rs 3.87 lakh to Rs 5.14 lakh for petrol variant and Rs 4.83 lakh to Rs 6.09 lakh (ex-Showroom Delhi) for the diesel option, the company said in a statement.
"With the refreshed look, we are adding even more style to the Figo, which is highly regarded as a reliable vehicle with an outstanding value-for-money proposition," Ford India Executive Director (Marketing, Sales and Service) Vinay Piparsania said.
New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 percent in August to a nearly five-year low.
The inflation measured on Wholesale Price Index (WPI) was at 5.19 percent in July and 6.99 percent in August 2013.
Inflation in the food segment witnessed a significant decline to 5.15 percent in August as against 8.43 percent in the previous month, according to official data released here today.
The August WPI inflation is the lowest since October 2009 when it stood at 1.8 percent.
Vegetable prices contracted 4.88 percent, the third continuous month of decline.
New Delhi : Continuing to bet on the government's reforms agenda, overseas investors have pumped in a whopping Rs 17,000 crore in the Indian capital market since the beginning of this month.
Net investments by foreign investors in the equity market were Rs. 6,665 crore ($1.1 billion) from September 1 to 12, while they infused a net amount of Rs 10,432 crore ($1.72 billion) in the debt market during the period, taking the total to Rs 17,098 crore ($2.8 billion), as per the latest official data.
New Delhi - To check large-scale foreign exchange violations and generation of slush funds, a Special Investigation Team (SIT) on black money has asked RBI and Enforcement Directorate (ED) to jointly take on cases of huge exports outstanding.
The SIT, for the first time, has authorised the ED to obtain regular information on export outstanding amount of more than Rs 100 crore, a data till now shared only by the banking regulator with investigative and enforcement agencies like DRI and Customs.
New Delhi: A high-intensity training for last three weeks has boosted his confidence and Commonwealth Games gold medallist Parupalli Kashyap says he is looking to maintain the rhythm as he sets out to achieve his dream of winning an Asian Games medal in Incheon, South Korea.
After a historic gold medal at Glasgow, Scotland, Kashyap had a disappointing outing at World Championship as he crashed out in the first round, losing to Dieter Domke of Germany but the Indian said he has got back his top game again after slogging it out at the court.
New Delhi - The market valuation of top five Sensex companies fell by Rs 36,971.61 crore last week, with ONGC and Sun Pharma being the worst hit.
While ONGC, RIL, CIL, Infosys and Sun Pharma saw losses in their market capitalisation (m-cap), TCS, ITC, HDFC Bank, SBI and ICICI Bank witnessed gains.
The m-cap of ONGC plunged Rs 11,421.58 crore to Rs 3,67,158.86 crore, while Sun Pharma lost Rs 10,749.03 crore to Rs 1,66,910.28 crore from its valuation.
New Delhi - Social media has emerged as a major background-check tool for employers and nearly 68 percent of them decide against hiring a person after finding negative details about the candidates, a survey has found.
According to a survey by job site CareerBuilder India, as many as 59 percent employers are currently using social media to research on job candidates, while another 33 percent are planning to access the platform soon.
Interestingly, the survey said that 68 percent employers who research job candidates on social media have found 'content' that caused them not to hire the individual.
New Delhi, Sept 13 : Salman Khan recently unveiled the eighth edition of reality TV show 'Bigg Boss', at an event in Mumbai.
Speaking at the event, Khan said, "The show got better with better contestants. "Bigg Boss" does not depend upon me. The show depends on Endemol, Colors and also the contestants that they choose to get into the house. Better the contestants, the funnier the contestants, the more emotional, the angrier the contestants the better the show and the better me."
However, the 'Kick' actor said he was reluctant to host the show this year as it was too tiring but later on stated that he chose to be a part of the season eight as he liked the format.
New Delhi: Decline in manufacturing output and lower offtake of consumer durables pulled down industrial production growth to 4-month low of 0.5 percent in July, dashing hopes of recovery.
The factory output, as measured by the Index of Industrial Production (IIP), had grown by 2.6 percent in July, 2013.
IIP for June has been revised upwards to 3.9 percent from the provisional estimates of 3.4 percent released last month, according to data released by the Central Statistics Office.
During the April-July period of the 2014-15 fiscal, IIP has recorded 3.3 percent growth, as against contraction of 0.1 percent in the same period of 2013-14.
New Delhi: Easing prices of vegetables, cereals and petroleum products brought down retail inflation marginally to 7.8 percent in August.
Consumer Price Index (CPI) based or retail inflation stood at 7.96 percent in July. In August 2013, retail inflation was at 9.52 percent.
However, food inflation during the month under review rose to 9.42 percent over 9.36 percent in July, an official release said on Friday.
The rate of price rise in vegetables stood at 15.15 percent in August as against 16.88 percent in the previous month.
New Delhi, Sept 12 : Hours after the Election Commission announced the dates for Haryana Assembly polls; Chief Minister Bhupinder Singh Hooda on Friday expressed confidence and said that the Congress will form the government in the state for the third time.
"We are ready for elections; the Congress will form its Government for the third time in Haryana. The party is fully prepared, and the atmosphere of the state is also our favor as we are getting a lot of support from the people. There has been immense development in past 10 years," he said.
New Delhi: Indirect tax mop up inched up by 4.6 percent in the April-August period of this fiscal, while customs duty and excise duty collections rose marginally.
Indirect tax collections comprising excise, customs and service tax stood at Rs 1,94,492 crore in the first five months of 2014-15 fiscal as against Rs 1,85,881 crore in the corresponding period a year ago, the finance ministry said in a statement.
The growth at 4.6 percent is far less than 25 percent annual increase envisaged in the Budget for the full 2014-15 fiscal.
Excise collection rose marginally 0.5 percent during the quarter to over Rs 61,415 crore.
New Delhi, Sept 12 : Tennis player and winner of the recent US Open Mixed Doubles Sania Mirza on Friday called on Prime Minister Narendra Modi .
Last week, Prime Minister Modi had congratulated the tennis ace for winning the Grand Slam title. "Congratulations to Sania Mirza for the victory in the US Open Mixed Doubles Finals. We are very proud of the achievement," the Prime Minister had said.
Mirza and her Brazilian teammate Bruno Soares had lifted the US Open title on September 5. The duo defeated the American-Mexican side of Abigail Spears and Santiago Gonzalez, 6-1, 2-6, 11-9.(ANI)
New Delhi, Sept 12 : There was a protest against actor Salman Khan outside the Kotla Mosque in the capital today for hurting religious sentiments.
Khan's NGO, Being Human, had recently organised a fashion show in Mumbai where a model walked down the ramp wearing a T-shirt on which a word was inscribed in Arabic.
This has hurt the religious sentiment of the Muslim community, according to the complainant Mohammad Asim Mohammad Arif, a resident of Mumbai.
The actor has been booked under IPC Section 295A which is for deliberate and malicious acts, intended to outrage religious feelings of any class by insulting its religion or religious beliefs. (ANI)
New Delhi: Country's largest car maker Maruti Suzuki India plans to roll out its light commercial vehicles (LCV) project on a limited scale, a top company executive said on Friday.
"We will begin the LCV project on a very limited scale and take the initiative forward by understanding the marketing and sales experience. We will slowly roll out it as we do not want to rush into it. The commercial vehicle sector is a new sector for us," Maruti Suzuki India (MSI) Chairman R C Bhargava said on the sidelines of SIAM Annual Convention.
New Delhi - Reliance Industries' USD 10 billion investment in new fields off the east coast depends on the government approving acceptable gas price, its junior partner Niko Resources said.
RIL has an array of natural gas discoveries in the Krishna Godavari basin KG-D6 block as well as NEC-25 area off the Odisha coast and it along with its partners BP plc of UK and Niko has detailed plans to bring them to production in the next few years.
Canadian Niko Resources in its annual general meeting (AGM) presentation yesterday stated that "planned development projects in India (are) dependent on acceptable gas pricing."
New Delhi : Upset with the "manipulative" Asian Games singles draw, India's top squash player Dipika Pallikal is "seriously considering" pulling out of the upcoming Incheon Games and possibly handing another setback to the country's medals tally.
Pallikal and her longtime teammate Joshana Chinappa are drawn to meet in the quarterfinals a month after winning India's first ever squash medal at the Commonwealth Games, where they bagged the gold in the women's doubles. According to the competition rules, two players belonging to the same country cannot be in the same half of the draw.
New Delhi, Sept 11 : Former Comptroller and Auditor General of India (CAG) Vinod Rai has claimed that former Union Minister of Civil Aviation Praful Patel had pressurized the Air India board to buy an extra 40 planes.
Rai said that Patel put pressure on the Air India board during his tenure at the Civil Aviation Ministry, which caused the flag carrier to purchase 68 planes instead of the 28 that it was originally to be bought. These extra planes, said Rai, were bought at a cost of Rs 38,000 crore.
New Delhi, Sept 11 : Priyanka Chopra, who attended an event organized by Usha International in Mumbai, said that she was very good in arts and craft.
Speaking at the event, the 32-year old actress said: "I used to come first in arts and craft. I am also very fond of it. I can't stitch so well but I definitely know how to do it. I can't stitch clothes. I have studied in a convent school, so it was compulsory for them to teach us. I was very good in arts and craft."
Chopra, was recently seen in the movie 'Mary Kom'. (ANI)
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