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Nayara Energy lawsuit against SAP over software service halt in Delhi HC next week
Nayara Energy is taking SAP India to the Delhi High Court. SAP suspended critical software services for Nayara, citing European Union sanctions. Nayara argues its contract is with SAP India, an Indian company, and not subject to foreign sanctions. The court will hear the case next week. This dispute highlights foreign law impacting Indian operations and energy security.
Tata Elxsi launches DevStudio.ai to speed up automotive software engineering
Tata Elxsi launched DevStudio.ai, an AI platform for automotive software. It aligns with ASPICE standards and integrates with OEM and tier-1 toolchains. It addresses the challenge of accelerating software development 'at China speed' while maintaining safety and regulatory standards. Shares of Tata Elxsi ended nearly 1% higher at ₹4,400 ahead of the announcement on Thursday, March 5.
AI to replace half of Mistral AI's software? Here's what CEO Arthur Mensch said as tech stocks face headwinds
Mistral AI CEO Arthur Mensch said over half of current SaaS software could shift to AI, amid investor fears of disruption. As tech stocks fall globally, Mensch called “replatforming” a major opportunity. Mistral plans its India debut, targeting public and private sector clients.
TCS shares rise 2% after Tata Group and OpenAI announce strategic partnership
Tata Consultancy Services (TCS) shares surged after announcing a strategic partnership with OpenAI to build AI infrastructure in India and offer joint market solutions. This collaboration aims to boost productivity, enhance software engineering, and position India as a global AI hub by developing AI-ready, green-energy-powered data centers.
KPIT Tech stock rating: Goldman Sachs cuts target price, sees flat FY27 revenue growth amid weak demand
Goldman Sachs cut its FY26-FY28 earnings per share estimates for KPIT Technologies by up to 15 percent, reflecting expectations of a slower recovery in spending on electric vehicle software and engineering programmes.