Tag: Cognizant Technology Solutions

CommercialLatest Stories

US Bancorp Discusses 650K Sq Ft Lease in Chennai for GCC

BENGALURU: US Bancorp is negotiating to lease over 650,000 sq ft of office space in Chennai as it establishes its first global capability center (GCC) in India, marking a significant entry into the country’s flourishing offshore operations sector. The proposed office will be located at Embassy Tech Splendid, a commercial campus owned by Embassy Office Parks REIT, using a build-operate-transfer service model with Cognizant Technology Solutions, according to sources involved in the discussion. Under this arrangement, Cognizant will initially manage the center before transferring full operations to the bank. The estimated monthly rental is between Rs 4.5-5 crore, indicating a…

CommercialLatest Stories

Cognizant to Invest $183M in New Vishakhapatnam Campus

BENGALURU: Cognizant Technology Solutions will invest ₹15.82 billion (approximately $182.76 million) to establish a new campus in Visakhapatnam, Andhra Pradesh, creating around 8,000 jobs, as announced by the state government on Friday. Operations are set to begin in March 2029, according to a press release from the Andhra Pradesh government. Cognizant has yet to respond to requests for comments. This announcement follows Tata Consultancy Services’ recent plans to develop a ₹13.70 billion campus in the same city, which is expected to generate 12,000 jobs. Such moves are part of Cognizant’s strategy to optimize real estate costs. In May 2023, CEO…