Cognizant has leased the office space for nine years, and the facility would underpin its expansion in India, said multiple people with direct knowledge of the development. Rentals for the lease have been set at Rs 35 per sq ft a month, with the agreement carrying a rental reset clause every three years.
Focused on the Facebook app, a new consumer marketing campaign called 'More Together' shares stories that highlight the power of connections on the platform, the company said. This is the first such campaign launched by Facebook in India.
Chinese smartphone maker Oppo expects the Covid-19 supply chain disruption to end in a week or two. It is also planning to open a 5G lab in Hyderabad.
Industry watchers say wholesalers are holding back stocks of popular phone models in anticipation of a price rise by the month-end as production in China slows; brands as yet unaware of complaints.