October 10, 2022

Cognizant GenC Off Campus Drive 2022 | Freshers | BE/ B.Tech/ ME/ M.Tech/ M.Sc/ MCA | 2020 – 2022 Batch | Software Engineer | PAN India | Apply Online ASAP

About Company :- Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world’s leading companies build stronger businesses. Head-quartered in Teaneck, New Jersey (U.S.)

Over two thirds of its employees are based in India. Cognizant is listed in the NASDAQ-100 and the S&P 500 indices. Originally founded as an in-house technology unit of Dun & Bradstreet in 1994, Cognizant started serving external clients in 1996.

Positions: GENC – Software Engineer

Salary: INR 4.01 LPA

Experience: Freshers/ Experienced

Job Location: Across India

Eligibility Criteria :

BE/ B.Tech – Computers/ Electronics Engineering
2020, 2021 & 2022 batch of BE/ B.Tech/ ME/ M.Tech/ MCA/ M.Sc (CS/ IT) & MS Software Engineering (five-year integrated course degree) students only
Consistent academic record of a minimum of 60% in X, XII, Diploma, UG & PG (all subjects will be taken into consideration) calculated as below
No standing arrears in current education
Maximum of 2 year’s gap in education
At the time of joining, all recruits need to have a minimum 60% aggregate (all subjects will be taken into consideration) in the pursuing degree with no standing arrears
Students applied for re-evaluation and waiting for the results would be considered with the initial results score declared
Appropriate CGPA to % conversion to be considered as per university norms
Strong written and communication skills
Opportunities are open to Indian nationals / OCIs / PIOs who are currently residing in India
Flexible to relocate to anywhere in India, work in any shift / technology / domain, including work from office location basis business requirements
Candidates must upload their resume with photograph embedded, all academic documents including school certificates and college semester mark sheets, Govt. ID proof scanned as ONE file in PDF format, during test registration (mandatory process to appear for the test)
Students should have soft copies of the below mentioned documents ready to be shared during online interview
- Resume (maximum of 2 pages) with high resolution passport size photographs embedded (both ears must be visible, with light background)
- All academic mark sheets and certificates for verification
- Aadhar card, PAN Card , Passport (if available)

Job Description:

Understand business requirements, raise clarifications, create understanding documents. Ensures complete understanding of the requirement by asking clarifying questions and aligns oneself to it
Understand the Agile application development environment, deliverables due and follow the cycle
Provide inputs to create low level design for multiple components
Develop, maintain, test, debug and deploy code as per the requirement specifications
Understand the data requirements and develop test scenarios
Identify and prioritize tasks to meet deadlines. Proactively address issues & mitigate failure points
Take ownership to deliver on own goals in a timely and efficient manner
Participate as a member of project team in meetings and technical sessions to develop reliable, cost effective and high-quality solutions
Continuously upskill/reskill and cross skill to scale up to new technologies
Possess excellent written and communication skills
Ability to work coherently in a team

Please note: If selected,

Candidate will be onboarded as a fresher and no prior work experience will be considered
Candidate will be expected to go through 3-4 months of mandatory training program and assessment prior to joining Cognizant as FTE (full time employee). FTE onboarding will be based on successful completion of the training program. FTE onboarding date would be between 4-6 months (including training program duration) from the date of selection and would be eligible for a one-time skilling bonus of INR 25,000

Important:

Candidates are requested to not change their Superset registered email ID at any stage, from interview process completion till onboarding
At any point in time, if the self-profile declared by candidate during the registration process is found to be false or if the candidate is found to have indulged in any sort of malpractice at any stage of hiring till onboarding, then their candidature will become ineligible

A Look Into Ron Baron Holdings

A Clear Look From a Billionaire Investor, Ron Stephen Baron

Success in investment is a great way to bid farewell to a financial crisis and gain eternal freedom. And it’s not so difficult. It only requires investing in the right stock at the right time and knowing when to release your holdings. A great way to understand this is by observing how the lions of the game are carrying out their hunting. In today’s blog, we want to have a clear look at what a billionaire investor, Ron Stephen Baron, is buying and the possible logic behind his interest in those stocks. This is an amazing opportunity to learn from the best, so relax and ensure you don’t miss the point.

A Clear Look From a Billionaire Investor, Ron Stephen Baron

Ron Baron is a renowned investor and founder of Baron Capital Management, an equity research company. Founded in 1982, the company provides growth equity investment solutions based on detailed research.

His success as an investor is not the only thing that made him a model in the investment league; he also has 50 years of research and experience backing his personality in the investment game.

He has invested in different companies under his company which includes Figs, a California-based healthcare brand that sells hospital scrubs to health practitioners. In an interview with CNBC, he referred to the company as the “lululemon of healthcare”, and at the time, he bought Figs’ stock for around a hundred million dollars.

Barron is also expecting a good turnout in the travel sector as he mentioned his buy into Hyatt, Red rock resorts, and Veil resorts, all of which are American-based resort companies. He expects a bullish season ahead for those companies in the travel industry.

Baron capital still has Tesla as its largest holding. His first investment in the company was in 2014, when he bought stocks worth 380 million dollars. He explained in the interview that he has made above 6 billion dollars from the stock of the electric vehicle company. He’s also looking up to around a decade for increased return on the growth stock.

Before investing in Tesla, Baron Capital’s largest acquisition was arch-capital stocks which at the time represented 10.02 per cent of its portfolio.

After making ten times his original investment in Tesla, Baron still looks forward to making 3 to 5 times his money by 2030. He stated that he’s not thinking of releasing his holding in Tesla, at least for the next eight years.

“In the next ten years, I think that Tesla is going to be the largest company in the world, and in ten years after that, I think it will be challenged by space X”, he stated in the session with CNBC. His decision comes from its anticipation that Tesla will produce around 20 million vehicles in the next ten years.

This tells us another company Baron is holding. It appears that he so much believes and remains bullish on the space company. He has even previously contributed to the company’s fundraising round. In his appearance at the squawk box, he noted that space X has a chance to become as large as Tesla in the future.

Warren buffet has a popular saying that “someone is sitting in the shade today because someone planted a tree a long time ago”. This is what the billionaire investor Ron Baron has done and is still doing to get the best out of his investment.

On average, he holds a typical growth stock for more than five years before thinking of releasing it. This shows that he’s a long-term visioned investor and doesn’t care about what happens in the short term, provided that the underlying reason for buying in the first place remains unchanged.

According to him, it’s quite easy for everyone to understand a growth company. However, figuring out the company’s competitive advantage is where most people got it wrong. This is very important and cannot be gotten from algorithms. It takes a proper understanding of a business, its operation, and what makes it stand ahead of others in its industry.

Baron gave Tesla an example of a company with a competitive advantage that relies on its consistent research and innovation. They have kept the top bar in making good batteries and software for their electric cars. As a result, the EV Company has transformed the automobile industry and still has a huge market ahead of them.

The billionaire investor looks at what a company would be worth in the next five to ten years compared to its present value. He said that the baron capital management had gained three to five terms in its investment in companies with a competitive advantage and outstanding management. He wasn’t concerned about the stock market movement. His target is the business he’s trying to own.

We want to leave you with one of Buffet’s advice that says, “do not take yearly results too seriously. Instead, focus on four- or five-year averages. The stock market is a device for transferring money from the impatient to the patient.”

If you love this blog, appreciate us by giving it a thumbs up and sharing it with other investors. Don’t forget to signup to our newsletter so that you will always get firsthand access to our financial and lifestyle improvement blogs. What do you think of Baron’s holdings in the next decade? We’ll love to know your answers in the comment section.

Ebooks:

https://lifestyletipsbyantoaneta.com/ebooks/

Seminar:

https://lifestyletipsbyantoaneta.com/business-online-masterclasses/

Pillow wants to make crypto saving and investing easy for new users • TechCrunch

Pillow aspires to be an all-in-one platform that helps even newbie users save, spend and invest in crypto currency. The Singapore-based startup announced it has raised $18 million in Series A financing co-led by Accel and Quona Capital, with participation from Elevation Capital and Jump Capital.

The app currently has more than 75,000 users in over 60 countries. It supports 10 digital assets, including Bitcoin, Ethereum, Solana, Polygon, Axie Infinity and USD-backed stablecoins USDC and USDT, and plans to expand to over 50 assets in the coming months.

Founded in 2021 by Arindam Roy, Rajath KM and Kartik Mishra, Pillow is focused on emerging markets like Africa and Southeast Asia. It founders say that since the beginning of the year, it has grown its user base by 300%, with assets under management growing 5x. It also recently expanded into Nigeria, Ghana and Vietnam, among other markets.

Before founding Pillow, Roy and KM explored web3 while working at identity verification and AML software provider HyperVerge, while also holding jobs in the traditional finance industry. During this time, the two started a Discord server on the side to onboard people onto web3, which eventually grew to more than 15,000 people.

“We saw a pattern of problems repeating,” the two told TechCrunch. “People do not know how to pay gas fees, do not know how to bridge across various blockchains, people do not know what transaction they are approving and end up losing funds.”
Around this time, the two met Mishra, who was head of business for Indian delivery startup Dunzo, and started talking about how to solve the onboarding problem at scale.

“Eventually, we realized that the challenge is that crypto transactions today do not fit the mental model of how retail users perceive transactions. You would need a strong technical background to transact seamlessly in crypto,” they said.

As a result, Pillow was born to make crypto usage understandable.

To do this, the Pillow team has to tackle a couple big issues. The first is awareness, since the majority of people still think crypto is just buying and selling Bitcoin, without understanding other use cases. The second is complexity, since using crypto in its entirety means understanding gas fees, blockchain technology and bridging. “A person who just wants to transact is not going to scale this learning curve,” they said.

Pillow solves these problems by simplifying crypto investments and transactions to one click, instant swaps and savings using single-click daily interest savings. It plans to do the same for other crypto services like payments.

To use Pillow for the first time, people sign up using their email accounts, and then provide KYC information, such as live selfie photos and national identity cards. Afterward, they get a short lesson on the potential risks of investing in digital assets before choosing which ones they want to deposit or invest in. Before their initial investment, they are taken through another lesson about that asset’s potential risks.

After that, they can deposit cryptocurrency from their own wallets or another crypto platform by making a transfer to the displayed crypto wallet address on Pillow. In some countries where Pillow has partnered with local, compliant on-ramp service providers, users can also buy crypto with their local fiat currency. Pillow supports deposits and withdrawals with fiat currency through local partnerships in Nigeria, the Philippines and Vietnam, with plans to add more across Southeast Asia, Africa and Latin America with its new funding.

The startup’s largest user base is in Nigeria, and it also has a major presences in India, Ghana and Vietnam, and growing user bases in Brazil, the Philippines and Sri Lanka. It focuses on retail investors, enabling them to start with investments as small as $5.

Since Pillow’s users are from different geographies, its closest competitors also come from around the world. They include crypto exchange Luno in Africa, multi-asset exchange Pluang (another Accel investment) in Southeast Asia and global crypto savings app Nexo. Pillow’s founders says it differentiates with its goal of becoming a holistic home for digital asset-driven financial services that allows even first time crypto users users to earn, save, spend and invest from the same platform.

Pillow is currently in growth phase and plans on introducing transaction fees as new products, including swaps and tokenized real world assets are introduced. It currently makes profits on returns generated on top of the 5% to 10.42% returns made accessible to users. Pillow keeps a small percentage of the spread generated, and another portion also goes into its yield reserves.

Exclusive-India’s RBI asks banks to stop building positions in offshore market – bankers

MUMBAI (Reuters) – The Reserve Bank of India, seeking to arrest the rupee's slide, is asking local banks to not build additional positions in the non-deliverable forward market, a move that could lead to offshore volatility spilling into local markets, bankers and traders said.

The build-up of positions in this segment of the market is forcing the RBI to spend more reserves to defend the rupee, one of the bankers said.

The RBI's informal communication to local bankers is a step back from the directions it issued in June 2020, when it allowed banks operating from the International Financial Services Centre Banking Units to trade in the NDF segment.

The central bank's move in 2020 came after studies showed that the foreign bank-dominated NDF market, over which the RBI had little influence, fuelled volatility and often led the spot rupee lower in times of stress. Letting Indian banks trade in the segment would give RBI more control.

However, increased trading in the segment has created higher demand for dollars at a time when the spot rupee is already under pressure, forcing the RBI to intervene through dollar sales.

The RBI had probably assessed that the NDF was "nullifying the impact of their intervention," and was increasing liquidity in the forward market, both of which it does not want. Anindya Banerjee, head of research -forex and interest rates at Kotak Securities, said.

Meanwhile, the rupee's swift decline in recent days had led to arbitrage opportunities between the onshore and offshore rates. The arbitrage increases demand for dollars onshore while providing more liquidity offshore.

For instance, the USD/INR NDF 1-month rate is currently 7 paisa higher than the corresponding onshore rate and the 3-month forward rate is about 25 paisa higher.

About two weeks back, this difference was at near 2 paisa and 8 paisa, respectively.

To take advantage of this arbitrage, eligible banks could buy spot dollars onshore and pay 1-month premium while selling USD/INR 1-month in the NDF market.

"When you arbitrage, you use dollar leverage and that, we think, has become a concern for the RBI," said Abheek Barua, an economist at HDFC Bank.

"Now that banks are not being allowed, the NDF will start having more of an influence (on the rupee exchange rate)," he said, adding the extent of the influence would depend on the overall RBI intervention.

Bankers argue that the RBI's curbs on the activity of banks on NDF will not ease pressure on the rupee. Instead, it would lead to offshore rates once again having more influence on the rupee exchange rate.

"The problem is that with banks now told to step aside, the difference between NDF and onshore will persist," a trader at a foreign bank said.

Bankers told Reuters that the RBI had clamped down on outright activity on the NDF. Trading forward basis points, or the difference between two maturities, is still allowed.

The RBI did not reply to an email seeking comment.

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Day: October 10, 2022