Latest news with #NaveenSharma
Associated Press
4 days ago
- Business
- Associated Press
Cognizant Named Snowflake's Global Data Cloud Services Implementation Partner of the Year for Driving AI-Ready Transformation at Scale
Award recognizes high-impact collaboration helping global clients navigate complex data landscapes and accelerate AI readiness at scale TEANECK, N.J., June 4, 2025 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has been named Global Data Cloud Services Implementation Partner of the Year by Snowflake, the AI Data Cloud company, at Snowflake's annual user conference, Snowflake Summit 2025. The recognition celebrates Cognizant's consistent excellence in delivering global-scale implementations on the Snowflake AI Data Cloud, including its contributions to influencing revenue, modernization strategy, and client business outcomes. This award marks a new milestone in the five-plus year strategic relationship between Cognizant and Snowflake, which includes joint innovations, client delivery, and platform co-development. Cognizant is also a launch partner for Snowflake Openflow, a managed, open, multi-modal data integration service that supports batch, streaming, structured, and unstructured data movement. Snowflake Openflow is designed to simplify enterprise data flows and accelerate outcomes across increasingly complex ecosystems. 'This recognition underscores the power of a long-term, innovation-driven partnership,' said Naveen Sharma, global head of AI and Analytics, Cognizant. 'Together with Snowflake, we're helping enterprises move beyond migration into meaningful transformation, accelerating time-to-value, operational resilience, and readiness for AI at scale.' At the core of the partnership's success is Data Estate Migration to Snowflake (X to Snowflake). The offering aims to help clients reduce complexity, speed time-to-value, and activate business use cases with confidence. Data Estate Migration to Snowflake is backed by Cognizant IgnitionTM, a comprehensive platform designed to enable enterprises to transform data assets into business value and chart a path from legacy systems to modern, cloud-based data architectures. By leveraging Cognizant Ignition, and through a combination of deep industry expertise and cutting-edge Agentic AI technology, Cognizant and Snowflake were able to deliver significant automation efficiency benefits for an American manufacturing industry client, including 80 percent migration process automation, 75 percent conversion automation and 60 percent development automation, ultimately resulting in a 50 percent cost savings. 'Cognizant has consistently demonstrated what it means to be a Snowflake partner,' said Amy Kodl, Interim, Alliances & Channels Leader, Snowflake. 'From global execution to co-innovation, they've helped define what's possible when leveraging the AI Data Cloud. Their commitment to transformation, backed by deep expertise in data and AI achieving real-world results, makes them a key part of how we deliver value to customers around the world.' Xerox, a services-led, software-enabled organization and global leader in office and production print technology, highlighted the tangible business value of its collaboration with Cognizant and Snowflake. 'Modernization is about building a foundation that's agile, secure, and intelligence-ready,' said Stephen Miller, Xerox Chief Digital Officer. 'Cognizant and Snowflake brought deep expertise, a clear roadmap, and the right tools to help us simplify complexity, accelerate compliance, and unlock real-time insights across our data estate. Their partnership is a powerful model for how transformation can be done in this industry.' For more information, contact: View original content to download multimedia: SOURCE Cognizant Technology Solutions
New Indian Express
03-05-2025
- General
- New Indian Express
Former Basara temple priest Ganesh Sharma Dravid appointed 71st pontiff of Kanchi Kamakoti Peetam
NIZAMABAD: The appointment of Ganesh Sharma Dravid as the 71st pontiff (Sri Guru Sathya Chandrasekhara Saraswathi) of the Kanchi Kamakoti Peetam has drawn attention in Basara, Nirmal district. Vedic priest Kandikota Naveen Sharma from the Sri Gyana Saraswathi Devi temple welcomed the appointment and recalled his past association with the new pontiff. Ganesh Sharma, originally from Annavaram in Andhra Pradesh, served at the Basara temple between 2022 and 2024. He was appointed by the state Endowments department after Vedic training and spent much of his life in Hyderabad. Social media posts recently highlighted his earlier role as Rigveda Asthana Vidwan at Basara. Naveen Sharma said Ganesh Sharma had strong knowledge of the Rugveda and maintained good relations with temple staff. 'We were close colleagues. None of us expected him to become the successor of Kanchi Kamakoti Peetam,' he said. The Basara temple, about 36 km from Nizamabad, regularly attracts devotees from across the Telugu states, especially during Vasantha Panchami and examination season. Many bring their children for the Aksharabhyasam ritual. Some also observe 41-day deekshas at the temple. There is a belief that the idol of Saraswathi was installed by Vedavyasa Maharshi and that Lord Nrusimha Saraswathi once visited the temple. With Sharma's connection to Basara now public, temple authorities expect increased footfall.
Gulf Insider
09-04-2025
- Business
- Gulf Insider
Saudi Arabia's Real Estate Transaction Tax is A Game-Changer
Saudi Arabia's new tax rules on real estate transactions have taken effect, offering a significant boost to property ownership among its citizens. At the same time, the full benefits of the update Real Estate Transaction Tax will extend across all layers of deal-making in the sector, according to industry sources. The RETT brings in a flat 5% tax on most real estate transactions, 'including sales, transfers, and other property-related dealings, regardless of whether the parties are individuals or businesses'. The updated RETT came into effect Wednesday (April 9). When it comes to individual investors, there are specific exemptions, according to Naveen Sharma, Chairman of the Taxation Society. Family-related transfers: Transactions such as gifts between close relatives (up to the third degree), inheritance divisions, and spousal transfers are exempt from the 5% tax obligation. First-time homebuyers: Saudi citizens purchasing their first residential property are exempt from tax on properties valued up to SR1 million, with the government covering the tax for qualifying transactions2. Other exemptions: Transfers to charitable organizations, endowments, or under certain governmental housing initiatives are also RETT-exempt. 'While individuals are subject to the RETT on property transactions, these exemptions significantly reduce the tax burden for specific scenarios, particularly for Saudi nationals and family-related transfers,' said Sharma. Saudi Arabia has brought in a wave of reforms across its property market, the latest being measures taken to speed up availability of land for development and stabilize rentals in Riyadh. Then, there has also been the opening of freehold rights to foreign investors, the gains from which are starting to show up. These moves to open up the property market are backed by newly updated and transparent tax laws, which is what the RETT is all about. 'The new RETT marks a transformative step in Saudi Arabia's real estate market,' said Sharma.
