TCS' UK Legal Troubles, Boeing's India Plans, WeWork India Buyback And Other Weekend Stories You Can't Miss

TCS Faces UK Court Case

Tata Consultancy Services (TCS) is embroiled in a legal battle with the UK’s Disclosure and Barring Service (DBS) over a project delay. TCS has raised a claim for 125 million punds for costs incurred due to the delay, while DBS has counterclaimed for 150 million pounds, citing serious defects in the system delivered by TCS. The dispute centers on a failed modernization project, with TCS alleging that DBS mismanaged its IT hosting provider and abandoned part of the modernization, causing hindrance. DBS blames TCS for the delay, arguing that the software was not ready for deployment. The trial is ongoing, with a judgment expected in 2024.

Boeing’s Looks To Expand in India

Boeing is set to increase its investments in India’s commercial and defense sectors, leveraging economic reforms by the Indian government, the National reported. Brendan Nelson, vice president of Boeing, highlighted the company’s plans to build a supply and distribution center and collaborate with Indian companies on defense and commercial products. Boeing employs 5,500 people in India and has a joint venture with Tata Group. The company is also planning a $200 million engineering center in Bangalore. Despite supply chain challenges, Boeing is committed to quality and safety without overburdening suppliers. The aerospace giant expects to deliver over 3,000 commercial jets to the Middle East by 2042, with a significant percentage being wide-body aircraft.

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WeWork India Stake Buyback

The Virwanis of the Embassy group are in talks to repurchase the 27% stake held by WeWork Global in WeWork India following WeWork Inc’s filing for bankruptcy protection under Chapter 11 in the US. The Virwanis, who currently own a majority 73% stake, manage WeWork India’s operations independently from their base in Bangalore. The partnership with WeWork Inc grants them the rights to the WeWork brand name for their co-working spaces, a valuable asset as they navigate the post-bankruptcy landscape.

Whatfix Faces Legal Battle with WalkMe in US Court

WalkMe, an Israeli-origin software-as-a-service (SaaS) company listed on Nasdaq, has taken legal action against Bengaluru and San Jose-based SaaS startup Whatfix. The lawsuit alleges that Whatfix gained unauthorized access to WalkMe’s systems, interfered with customer relationships, made false advertising claims, and used WalkMe’s design mark without permission. The United States District Court for the Northern District of California has ordered WalkMe to amend its complaint, following the court’s previous denial of a temporary restraining order against Whatfix. The amended complaint is expected by November 22. WalkMe’s allegations include Whatfix’s interference with multiple customer relationships, inducing breaches of subscription agreements, and sharing misleading comparative advertising.

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