business

BENGALURU: American tech firm Natsoft and its subsidiary Updraft have sued Mumbai-based Hexaware Technologies in the US for $500 million for patent infringement.The plaintiffs allege that Hexaware’s flagship modernization platforms — RapidX, Amaze, and Tensai/ATOP — illegally incorporate Natsoft’s patented technologies covering automated code testing, business-rule extraction, code generation, and legacy modernisation.Plaintiffs alleged that Hexaware…

MUMBAI: Abu Dhabi’s ruling family-owned International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore. At about $1 billion, this is the largest foreign investment in India’s NBFC space.The investment will be made through preferential allotment of equity and warrants at Rs 139 per share, below…

The Delhi High Court has summoned SpiceJet to respond to a recovery petition filed by Tata Consultancy Services (TCS), which is seeking the attachment of the airline’s property at Terminal 1D of Indira Gandhi International Airport.TCS is claiming Rs 2.34 crore, along with interest, for services provided to the airline between July 2019 and September…

Armoured Vehicles Nigam (AVANI), India’s leading producer of armoured platforms, is looking to expand internationally and is scouting for partners to market its products overseas. The company is targeting Africa, West Asia, Central Asia, and Southeast Asia for potential channel partnerships to export its vehicles, spare parts, and maintenance support.AVANI manufactures key defence platforms, including…

The Unique Identification Authority of India (UIDAI) has announced a revised fee structure for Aadhaar-related services, effective October 1, 2025, and applicable until September 30, 2028. Subsequent adjustments are scheduled from October 1, 2028, to September 30, 2031.Under the new rates, standard service fees will rise: services previously costing Rs 50 will increase to Rs…