The order comes amidst arbitration proceedings between IncentX and Ahmedabad-based IT company Silver Touch Technologies Limited. The deposit is to be held pending the outcome of arbitration.Silver Touch offers a range of services, including enterprise software, digital transformation, and ERP solutions. IncentX, based in New Jersey, provides cloud-based incentive management applications.The dispute stems from an Offshore Development Centre Contract signed between the two companies on December 31, 2019. The three-year contract stipulated that IncentX and its affiliates could not hire Silver Touch employees for a period of five years following the contract's termination or expiry.Upon expiry of the initial term, the contract automatically got renewed on January 1, 2023. However, IncentX allegedly offered employment to Silver Touch employees working on the IncentX project, with salary increases of over 30%. This move prompted Silver Touch to approach the HC.

Violation of contract: US IT firm told to deposit $427k

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.