Tag: fast
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US Supreme Court rejects Tata challenge to $168 million award in trade secrets case
WASHINGTON, June 15 : The U.S. Supreme Court turned away on Monday a bid by India-based Tata Consultancy Services to overturn a $168 million award won against it by DXC Technology for allegedly stealing trade secrets related to life-insurance software.Tata had appealed after a lower court upheld a judge’s dec
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India’s HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
June 15 : India’s HCLTech said on Monday it will acquire a 10.5 per cent stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm’s Series B round as a strategic investor.Sarvam was valued at $1.5 billion in the round, which raised $234 million in i
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Apple supplier Jabil, Adani partner to build AI data center infra platform in India
June 15 : Electronics manufacturer Jabil and India’s Adani Enterprises on Monday announced a partnership to build an integrated AI and data center infrastructure manufacturing platform in the country.• The platform will serve the infrastructure needs of global hyperscalers, co-location facilities and enterp
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Spanish striker Rafa Mir sentenced to 8 1/2 years in jail for sexual assault
MADRID, June 15 : Spanish footballer Rafa Mir has been sentenced to eight-and-a-half years in prison after being found guilty of committing sexual assault and assault causing injury, a court in the eastern Valencia region ruled on Monday.Women’s rights have become a highly sensitive national topic in Spain, e
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Airborne gravel blamed for Hulkenberg’s Barcelona retirement
June 15 : Audi have blamed airborne gravel for Formula One driver Nico Hulkenberg’s Barcelona-Catalunya Grand Prix retirement.The German veteran coasted into the pit lane and retired from Sunday’s race when his car suddenly lost power.The team later revealed it had nothing to do with reliability, with
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Canada’s Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
June 15 : Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, as the Canadian fintech aims to expand globally.Nuvei will buy all shares of Payoneer for $7.40 apiece, a premium of about 44 per cent to their last close on June 8. Payoneer has a…
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ASX admits to misleading on CHESS software upgrade, agrees to $14.5 million penalty
June 15 : Australia’s ASX admitted to making misleading statements regarding the progress of a troubled software upgrade on Monday, while agreeing to pay a penalty of A$20.5 million ($14.50 million), subject to the Federal Court’s approval.The Australian Securities & Investments Commission (ASIC), the country
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Mercedes seek right of review on Gasly penalty U-turn
BARCELONA, June 15 : Mercedes have requested a right of review after Formula One stewards carried out a penalty U-turn and reinstated Alpine’s Pierre Gasly to third place at this month’s Monaco Grand Prix.The Frenchman had finished third on the road, moving up after others were penalised, but two post-race fi
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Ghana coach enters record books at his fifth World Cup in row
ATLANTA, June 15 : Carlos Queiroz is still one tournament short of matching the record for coaching at the World Cup, but the 73-year-old will still enter the record books this week.Queiroz takes charge of Ghana as they begin their Group L campaign against Panama in Toronto on Wednesday and continues a run th
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Salesforce to buy AI agent platform Fin for about $3.6 billion
June 15 : Salesforce said on Monday it had signed an agreement to buy autonomous AI agent platform Fin for about $3.6 billion.The deal strengthens Salesforce’s Agentforce platform, as technology firms compete to roll out usage-based autonomous digital workers across enterprises.Following completion, Sa
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