3 months ago
Absolutdata significantly enhances Infogain’s ability to engineer superior business outcomes for its clients through cutting-edge AI and Analytics
LOS GATOS, Calif.–(BUSINESS WIRE)–#acquisition–Infogain, a Silicon Valley-based leader in human-centered digital platform and software engineering services, today announced its acquisition of Absolutdata, a San Francisco Bay Area-based AI and Advanced Analytics company serving Global 500 clients. Absolutdata’s award-winning NAVIK AI platform and 300 world-class data scientists will significantly enhance Infogain’s ability to engineer superior business outcomes for its clients through the use of cutting-edge AI and Analytics.
Absolutdata has been a leader in utilizing AI and Advanced Analytics to create scalable business impact for enterprise clients across the globe. Using a combination of its proprietary NAVIK AI platform and AI & Advanced Analytics services, Absolutdata enables
An international arbitration tribunal has directed the Indian government to pay $1.2 billion in damages to UK’s Cairn Energy the second such embarrassing loss for the Modi government following the one to Vodafone in another arbitration matter just three months back. Both the cases were against a controversial 2012 retrospective tax legislation that gave the Indian government the power to go after M&A deals all the way back to 1962 if the underlying asset was in India.
The international arbitration tribunal ruled unanimously that India had breached its obligations to Cairn under the UK-India Bilateral Investment Treaty and awarded Cairn damages of $1.2 billion plus interest and costs, Cairn Energy said in its statement.
Will govt appeal against Cairn order? Response to Vodafone tangle holds clue
Supreme Court lawyer Arvind Datar, who has represented Cairn in this case, says that the government has the right to appeal but he does not know whether they will appeal or not
Dipak Mondal | December 27, 2020 | Updated 12:53 IST
In yet another setback to the government, an international arbitral tribunal has ruled unanimously that India has breached its obligations to Cairn under the UK-India Bilateral Investment Treaty and has awarded to Cairn damages of $1.2 billion plus interest and costs. It has now become payable. This is the second such defeat for the government after a similar order was passed by an international tribunal against the retrospective taxation on Vodafone in September this year.
FDI growth story to go well in 2021 too
SECTIONS
Last Updated: Dec 23, 2020, 01:33 PM IST
Share
Synopsis
Irrespective of the global slowdown and the COVID-19 pandemic, FDI into India recorded a significant jump, according to Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra.
Experts opined that the government would continue to ease FDI norms and investments into the country would record growth rates in 2021 too.
NEW DELHI: The high
growth
story of foreign direct investments into India will go well in the new year too as there is a growing interest among overseas investors about the country amid the government s continuing reform measures to further improve the business climate.
The high growth story of foreign direct investments into India will go well in the new year too as there is a growing interest among overseas investors about the country amid the government s continuing reform measures to further improve the business climate. With relaxed FDI norms, defence production will be among the areas that will be looked at for fresh overseas investments in the months ahead while easing compliance burden of businesses will be a priority area. Irrespective of the global slowdown and the COVID-19 pandemic, FDI into India recorded a significant jump, according to Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra.