Prøve GULL - Gratis
Hexaware faces $500 million patent lawsuit
Mint Bangalore
|October 03, 2025
relating to Hexaware’s application modernization services,” read Natsoft’s complaint.
-
Natsoft has charged Hexaware on 13 counts.
Natsoft has charged Hexaware on 13 counts, including breach of contract and patent infringement.
Apart from seeking damages, it also requested the court to disallow Hexaware from using and marketing any of the patents currently under investigation.
“An award of damages under 35 U.S.C. § 284 of $500 million or an amount to be proven sufficient to compensate Plaintiffs for Defendants’ infringement, including but not limited to, damages for lost profits and in no event less than a reasonable royalty, together with interests and costs, including an enhancement of damages of up to three times for Defendants’ willful infringement,” read the complaint.
However, Hexaware claims not to have received any complaint.
“At present, the company has not received any notice or formal communication from the US court or from the Plaintiffs in relation to the aforesaid proceedings,” said Hexaware in a filing to the stock exchanges on Thursday.
Emails sent to Hexaware and Natsoft went unanswered.
Natsoft stated that Hexaware advertised these software products on its website without seeking permission and without providing compensation for the same.
Natsoft stated that its affiliate had invested $100 million in developing these tools, which were now allegedly being marketed and sold by Hexaware.
Denne historien er fra October 03, 2025-utgaven av Mint Bangalore.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Bangalore
Mint Bangalore
China used to be a cash cow for western companies. Now it’s a test lab.
For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer.
1 mins
December 01, 2025
Mint Bangalore
Why MF distributors haven't grown as fast as MF assets
may not be substantial. More than banning upfront, what possibly was more damaging to the product was the lowering of TERs. Asa country, our financial footprint isstill at the foothills given our potential. ‘Thismove wasmuch ahead of itstime.”
2 mins
December 01, 2025
Mint Bangalore
India mulls food equipment QCO as China imports soar
China accounts for 41% of India's $843 million worth food-processing equipment imports
2 mins
December 01, 2025
Mint Bangalore
No, our election booth level officers aren't dying of stress
A dangerous thing the Indian news media does is attribute reasons for suicide.
4 mins
December 01, 2025
Mint Bangalore
Let's be a bit more selective in using the word 'reforms'
Everybody should take a beat and think before uttering the word ‘reforms’ the next time. Glib usage, frequently in the wrong context, threatens to rob the word of its import.
3 mins
December 01, 2025
Mint Bangalore
Smart GDP growth casts shadow over December rate cut
The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.
1 min
December 01, 2025
Mint Bangalore
BEHIND THE GLOSSY REPORT: THE MAKE BELIEVE ESG WORLD
Recently, the Sebi chairperson made a distinction that should make every company board squirm, Speaking at the “Gatekeepers of Governance’ summit, Tuhin Kanta Pandey separated “compliance” from “governance” in a way that was both elegant and damning.
2 mins
December 01, 2025
Mint Bangalore
Selling home to repay loan? Know the tax hit
I had availed an education loan against my residential property. If I now happen to sell the property and use the proceeds to clear the loan, what will be the tax implications I should be mindful about before going ahead with the transaction? The outstanding loan amount is ₹1.5 crore and the likely sale price of the property is also around ₹1.5 crore. I had purchased said the property in 2003 for ₹20 lakh.
2 mins
December 01, 2025
Mint Bangalore
EC extends electoral roll revision by a week to II Dec; final list on 14 Feb
The Election Commission on Sunday extended by one week the entire schedule of the ongoing special intensive revision (SIR) of electoral rolls in nine states and three Union territories amid allegations by opposition parties that the “tight timelines” were creating problems for people and ground-level poll officials.
2 mins
December 01, 2025
Mint Bangalore
GDP growth of 8% plus: How to sustain this pace
Last quarter's economic expansion has cheered India but the challenge is to sustain a brisk rate for years to come. For private investment to chip in, revive infrastructure partnerships
2 mins
December 01, 2025
Listen
Translate
Change font size

