IT firms' focus on building IP and platforms may trigger more lawsuits
Business Standard|October 11, 2024
Recently there has been a spurt in litigation by information-technology (IT) services players as the industry's business model transitions towards platform and intellectual property-led deals.
SHIVANI SHINDE
IT firms' focus on building IP and platforms may trigger more lawsuits

Unlike earlier litigation, which were related more to contract breaches and disputes on project-implementation timelines, this time it is about misappropriating trade secrets and infringing intellectual property (IP).

Industry players and analysts say such cases are only going to increase as companies start deploying technologies such as artificial intelligence (AI) and Generative AI (GenAI) for coding and creating tools.

In August this year, Nasdaq-listed Cognizant's subsidiary TriZetto sued India's second-largest IT services player, Infosys, in a Texas federal court for alleged misappropriation of trade secrets related to health care software.

According to the lawsuit filed, Infosys allegedly misused TriZetto's software to create a competing product. Cognizant is seeking monetary compensation and also an injunction against Infosys from further using its proprietary information.

هذه القصة مأخوذة من طبعة October 11, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 11, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Loser takes all
Business Standard

Loser takes all

This book was published in September, three months ahead of the US presidential polls, presumably to reveal to voters the dangers of returning Donald Trump to the White House.

time-read
5 mins  |
November 30, 2024
Business Standard

J&K HC asks Army to pay 46 years' rent to landowner

The High Court of Jammu and Kashmir and Ladakh recently held that the right to property now falls within the realm of human rights.

time-read
1 min  |
November 30, 2024
Business Standard

India, UK navies to develop electric propulsion for next-gen warships

The ministries of defence of India and the UK have signed a statement of intent (SoI) to cooperate in designing and developing Electric Propulsion Systems for the Indian Navy.

time-read
2 mins  |
November 30, 2024
India backs Iskcon, tells Bangladesh to protect minorities
Business Standard

India backs Iskcon, tells Bangladesh to protect minorities

New Delhi hopes arrested monk will get fair trial

time-read
1 min  |
November 30, 2024
HAVING A BALL
Business Standard

HAVING A BALL

Indian bowlers are winning matches and setting IPL auction records. But brands are not yet bowled over. Will Bumrah get bowlers their due?

time-read
5 mins  |
November 30, 2024
Business Standard

Link UPI app to bank account with limited funds, set daily limits

Indians have lost ₹485 crore to frauds on the Unified Payments Interface (UPI) across 632,000 incidents reported until September of the current financial year, according to data from the Ministry of Finance.

time-read
2 mins  |
November 30, 2024
Arpu gains, lower capex augur well for Airtel
Business Standard

Arpu gains, lower capex augur well for Airtel

Brokerages positive on stock; earnings flows may rise over next 24 mths

time-read
2 mins  |
November 30, 2024
NIFTY LOGS BACK-TO-BACK MONTHLY LOSS
Business Standard

NIFTY LOGS BACK-TO-BACK MONTHLY LOSS

Benchmark Nifty 50 index shed 0.3 per cent in November, logging its first back-to-back monthly loss since February 2023.

time-read
1 min  |
November 30, 2024
Lock-up on ₹1.2 trn pre-IPO shares to lift in two months
Business Standard

Lock-up on ₹1.2 trn pre-IPO shares to lift in two months

Lock-up on shares worth nearly ₹1.2 trillion ($14 billion) belonging to 50 companies will end between now and January 31, said Nuvama Institutional Equities in a note.

time-read
1 min  |
November 30, 2024
Margin moderation may cap upsides for Colgate
Business Standard

Margin moderation may cap upsides for Colgate

After gaining over 15 per cent in the first half of the week, the stock of oral care major Colgate-Palmolive (India) has shed about a third of those gains.

time-read
2 mins  |
November 30, 2024