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    • Sterlite Tech shares lower after US court affirms $96.5 million order in non-compete breach, company plans to appeal

      Sterlite Tech has denied these allegations, and said the company is 'not a party to this dispute and no claims have been made against STL'.

    • Why Puma India is unlikely to sue outgoing MD Abhishek Ganguly as he starts his own sports firm

      Though Ganguly’s startup Agilitas Sports is a business in related field, Puma India may not invoke the non-compete clause against him. Historically, most non-competes have favoured employees. In fact, the chances of Puma India tying up with Agilitas later also cannot be ruled out.

    • Infosys, Labour Ministry to meet on May 16 to discuss non-compete agreement

      The company was absent from the first round of discussion that was scheduled on April 28. In the next meeting, representatives from the ministry and Infosys are expected to be present along with the union that filed the complaint seeking removal of the agreement from offer letters.

    • Non-compete clause standard, won’t limit career growth: Infosys

      While these provisions are not new and are common among companies, they have gained prominence against the backdrop of increased attrition. Infosys reported 27.7 percent attrition for the quarter ended March 31, 2022.

    • IT employees union files complaint against Infosys, seeks removal of non-compete clause

      This comes in the backdrop of IT major’s Q4 earnings that showed the attrition continues to spike amid a robust demand environment. The company hired 85,000 freshers in the year ended March 31, 2022, while the attrition stood at 27.7 percent.

    • Max Life shareholders approve non-compete fee to promoters: Srcs

      The minority shareholders including KKR, Goldman Sach and Kotak, which has over 25 percent stake in the company, has given a green signal to pay the non-compete fee.

    • Sony deal to keep Zee from competing in sports for 4 yrs: Goenka

      Zee Entertainment‘s deal for sale of Ten Sports to Sony comprises a non-compete clause which restricts Zee from entering the sports business for up to 4 years, says Chief Executive Officer Punit Goenka in an interview to CNBC-TV18.

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