New Delhi: Offshore-centric IT services major Cognizant has paid its India-origin CEO Francisco D'Souza a pay package of USD 10.61 million in cash, stocks and other benefits.
The US-listed company, which has a large portion of its 1.63 lakh workforce in India, paid Frank a base salary of USD 590,000, stock awards worth USD 9.59 million and a non-equity incentive plan compensation of USD 405,780 for the last year.
However, his USD 10.61 million package for 2012 was lower than USD 11.76 million paid to him in 2011 when 44-year old Frank had got stock awards of over ten million dollars....
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11:55 AM, May 12, 2013
The honeymoon that Pope Francis has enjoyed since his remarkable election hit a bump on Friday, with the Vatican lashing out at what it called a defamatory and "anti-clerical left-wing" media campaign questioning his actions during Argentina's murderous military dictatorship. ...
06:58 AM, Mar 16, 2013
Washignton: Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy. Cisco said the acquisition of Meraki, which was founded in 2006 by members of MIT's Laboratory for Computer Science, is expected to close in the second quarter of Cisco's 2013 fiscal year and is subject to regulatory approval. Cisco's second...
09:52 AM, Nov 19, 2012
Madrid: Malaga fell to a 2-1 home loss to Rayo Vallecano in the Spanish league on Saturday as Francisco "Piti" Medina scored once in each half for the visitors. It was third-place Malaga's second defeat in 16 games in all competitions this season. Rayo started strong and Piti opened the scoring 11 minutes in after Leonardo Carrilho crossed for him to tap home. Malaga surged forward and Rayo was lucky...
09:38 PM, Nov 03, 2012
Bilbao: World Champion Viswanathan Anand played out his sixth draw on the trot, signing peace with Francisco Vallejo Pons of Spain in round six of fifth Final Masters chess championship here. The second leg of the championship, which got underway after a week's break, was not expected to be very promising for Anand as he plays three black games out of five here and the trend continued as Vallejo Pons...
11:11 AM, Oct 09, 2012
California: Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers. The cuts announced Monday represent about 2 per cent of Cisco System Inc.'s payroll of 65,000 workers. The upcoming layoffs represent the company's latest austerity measure. Last year, Cisco shed about...
11:50 AM, Jul 24, 2012
Santantder (Spain): An agile India put up a decent performance to held hosts Spain to an exciting 3-3 draw in the first hockey Test at the new facility in La Albericia in the capital city of the Cantabria province here. Ranked 10th in the world, India trailed twice in the match but bounced back well and with a bit more luck and pluck, they could have won against the ranked...
06:38 PM, Jul 06, 2012
New Delhi: With increasing popularity of high-speed internet services and proliferation of tablets and smart phones, the number of networked devices would double to around 2 billion in the country by 2016, networking company Cisco has said. "In India, there will be two billion networked devices in 2016, up from one billion in 2011," Cisco Visual Networking Index (VNI) Forecast said. Globally, the forecast projects there will be nearly 18.9...
08:54 AM, Jun 04, 2012
San Francisco: San Francisco's sheriff has been sentenced to three years' probation and must undergo a domestic violence programme for a New Year's Eve dispute with his Venezuelan actress wife. Sheriff Ross Mirkarimi's sentence today was part of a deal struck with prosecutors over allegations that he bruised his wife's arm. Mirkarimi initially faced multiple misdemeanour charges, including domestic violence battery. That could've landed him in prison for up to...
12:28 AM, Mar 20, 2012
San Francisco: The name Jaya in Hindi means victorious. And little Jaya Maharaj was just that, when she became one of the smallest recipients of a pacemaker when she was just 15 minutes old. A team of doctors at Stanford University's Lucile Packard Children's Hospital determined the girl born nine weeks premature had only hours to live if they did not perform the surgery. Jaya, who was diagnosed in the...
07:49 AM, Feb 18, 2012
Panaji: Goa Congress on Friday clarified that in case the party falls short of the majority in the upcoming Assembly polls, it will not depend on the independent candidates to form the government. Working president of Goa Pradesh Congress Committee Francisco Sardinha told reporters that the party had initiated dialogues with the independents, asking them to withdraw. "Some heeded to our request and withdrew, while many have refused," Sardinha said....
09:35 PM, Feb 17, 2012
New York: Between 2011 and 2016 the amount of mobile data traffic will grow at a compound annual rate of 78 per cent as the number of mobile devices connected to the Internet exceeds the number of people on Earth in four years' time, according to a study by Cisco Systems Inc. The United Nations projects that world population will reach 7.3 billion by 2016. By that time, according to...
08:19 PM, Feb 14, 2012
Cisco Systems Inc is stepping up its push to sell its Cius tablet computers to corporate customers, defying sceptics who say the product is short of the sex appeal and brand recognition it would need to win over the workforce. In a sign of its confidence, Cisco says it will soon introduce a 4G version of the Cius, an upgrade to the 7-inch tablet computer that it began shipping to...
01:24 PM, Dec 03, 2011
Panaji: The Church in Goa Thursday accused the Congress-led governments in New Delhi and Goa of being insensitive to local sentiments and 'foisting' a film festival on a state heading to the biggest event in its socio-religious calendar, the feast of Spanish saint Francis Xavier. The Church was 'appalled' by the 'evasive' responses by union Information and Broadcasting Minister Ambika Soni and Chief Minister Digambar Kamat on the rescheduling of...
06:24 PM, Nov 24, 2011
Mexico City: Thick fog likely caused the helicopter crash on Friday that killed Mexican Interior Minister Francisco Blake and all seven others on board, the country's transportation minister said on Saturday. An exhaustive investigation is under way, but the initial results indicate the crash was an accident, Communications and Transport Minister Dionisio Perez-Jacome told a news conference. "At this time we have no indications, no evidence ... that would make...
07:53 AM, Nov 13, 2011
Panaji: Nationalist Congress Party (NCP) leader and former Goa tourism minister Francisco Pacheco alias Mickky Pacheco has been sentenced to six months in jail for assaulting a government engineer. The District and Sessions Court at Margao upheld the conviction by a judicial magistrate in the case and refused him bail, following which the MLA was arrested and transferred to the Sada sub jail. Pacheco moved the Bombay High Court challenging ...
04:08 PM, Oct 05, 2011
Panaji: Nationalist Congress Party (NCP) leader and former Goa tourism minister Francisco Pacheco alias Mickky Pacheco has been sentenced to six months in jail for assaulting a government engineer. The District and Sessions Court at Margao upheld the conviction by a judicial magistrate in the case and refused him bail, following which the MLA was arrested and transferred to the Sada sub jail. Pacheco moved the Bombay High Court challenging...
04:08 PM, Oct 05, 2011
New York: Cisco Systems plans to cut 15 per cent of its staff and sell a set-top box factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes. The company said on Monday that it will cut 11,500 jobs, compared with the several thousand that analysts had predicted. The cuts come after Cisco's chief executive John Chambers...
12:16 PM, Jul 19, 2011
San Francisco: Police are on the hunt for a man who walked into a San Francisco art gallery, grabbed a valuable pencil drawing by Pablo Picasso off the wall and fled in a waiting taxicab. Police on Tuesday said the drawing, worth hundreds of thousands of dollars, was taken from the Weinstein Gallery near Union Square. The gallery says Picasso created the one-of-a-kind drawing titled "Tete de Femme" in 1965....
12:07 PM, Jul 06, 2011
Wim Elfrink Age: 59 Designation: EVP, Emerging Solutions and Chief Globalisation Officer, Cisco Education: BA Engineering and Business Administration, Netherlands Career: Digital Equipment Corp, Hewlett Packard, Rank Xerox and Olivetti before Cisco in 1997 Hobbies: Running. Has run 42 marathons After four and a half years, how does your globalisation initiative look like? I would call it an evolution. I came here as a corporate entrepreneur with the objective to...
11:52 AM, Jun 18, 2011
