The surprise announcement of the termination comes after the deal was approved recently by the antitrust regulator after a year since it was first announced. On August 31, 2021, Prosus had announced that it would acquire BillDesk for $4.7 billion in an all-cash deal to expand its footprint in the country’s booming fintech sector under the umbrella of its payment gateway PayU.
The scam surfaced during an internal audit of the company at its Lucknow-based office when bookings of electronic gadgets on fake addresses were found to be stolen between September 23 and September 26.
Sources said the number of people forced to resign across both companies — EPAM Systems and EPAM Anywhere —could be at least 100 employees. ET couldn’t independently verify the number.
Russia has battled big tech companies to control the flow of information after it sent troops to Ukraine on Feb. 24, slowing Twitter's service and banning Meta's Facebook and Instagram.
Chip maker MediaTek and Aglobal leader in IoT platforms and cloud computing solutions on Sunday announced a strategic collaboration to roll out 5G and Wi-Fi router solutions.
Tech giant Apple has added the iPhone 6, launched in 2014, to its list of vintage products.