Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August.

In the past couple of years, the city achieved labor peace by agreeing to salary raises for most of ... to ask for some of the pay raises to be delayed. Get top local stories in Southern ...

Cognizant CEO Ravi Kumar S addressed employee concerns in a townhall, confirming that delayed salary hikes now set for August will be honored, attributing the delay to strategic financial alignment.