{"id":831185,"date":"2024-07-10T10:04:05","date_gmt":"2024-07-10T04:34:05","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=831185"},"modified":"2024-07-10T10:04:05","modified_gmt":"2024-07-10T04:34:05","slug":"cognizant-approves-rs-4-cr-payment-to-settle-cfos-lawsuit-with-wipro","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/10\/cognizant-approves-rs-4-cr-payment-to-settle-cfos-lawsuit-with-wipro\/","title":{"rendered":"Cognizant approves Rs 4 cr payment to settle CFO&#8217;s lawsuit with Wipro"},"content":{"rendered":"<p>New Delhi: Global IT services firm Cognizant on Tuesday said its Chief Financial Officer (CFO) Jatin Dalal has arrived at a settlement over the non-compete lawsuit filed by Wipro Ltd, and that the compensation and human capital committee has approved payment of about Rs 4 crore for the same. The settlement resolves all pending disputes between Dalal and Wipro, Cognizant said in a statement.<\/p>\n<p>In an SEC filing, Cognizant said on July 2, 2024, the compensation and human capital committee of Board of Directors of Cognizant Technology Solutions Corporation approved the company&#8217;s payment of USD 505,087 (about Rs 4 crore) to CFO Jatin Dalal in connection with his settlement of lawsuit and related arbitration brought by his former employer, Wipro, over purported breach of non-compete and confidentiality obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Global IT services firm Cognizant on Tuesday said its Chief Financial Officer (CFO) Jatin Dalal has arrived at a settlement over the non-compete lawsuit filed by Wipro Ltd, and that the compensation and human capital committee has approved payment of about Rs 4 crore for the same. The settlement resolves all pending disputes between Dalal and Wipro, Cognizant said in a statement. In an SEC filing, Cognizant said on July 2, 2024, the compensation and human capital committee of Board of Directors of Cognizant Technology Solutions Corporation approved the company&#8217;s payment of USD 505,087 (about Rs 4 crore) [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-831185","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/831185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=831185"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/831185\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=831185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=831185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=831185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}