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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
Zetwerk Manufacturing Businesses Pvt. Ltd, which is gearing up for an initial public offering later this year, has landed in legal trouble. The Bengaluru-based contract manufacturer has been hit with a US International Trade Commission (ITC) complaint and counterclaims in the Texas Business Court seeking a whopping $1 billion in damages.
The complaint was filed by Ayr Energy, a California-headquartered transformer startup that makes custom power equipment for data centre developers and utilities. The company alleges that Zetwerk planted an operative to gather trade secrets. The ITC filing also names Zetwerk Manufacturing USA Inc., (the San Francisco-based arm), Unimacts Global …
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
