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Home > Articles
Former Samsung Executive Indicted for Alleged Trade Secret Theft in Connection with Foxconn-thumnail

Former Samsung Executive Indicted for Alleged Trade Secret Theft in Connection with Foxconn

South Korean prosecutors have filed a sealed indictment against former Samsung executive Choi Jinseog, alleging his involvement in stealing trade secrets to benefit Taiwan’s Foxconn. The indictment, reviewed by Reuters, reveals details of the case, including Choi’s alleged actions and the damages incurred by Samsung Electronics. While Choi denies all charges, the indictment sheds light on his consultancy firm, Jin Semiconductor, and its acquisition of confidential information from Samsung’s suppliers. This article explores the key developments and legal proceedings surrounding the case.

Business

Jun 27, 2023

Oben, an electric vehicle company, has raised Rs 40 crore in an expanded pre-Series A round-thumnail

Oben, an electric vehicle company, has raised Rs 40 crore in an expanded pre-Series A round

According to the company, the cash infusion will assist it in increasing its production capacity at the Bengaluru facility to 100,000 units per year as well as meeting the working

Investment & Funding

Jun 27, 2023

BillionElectric receives $10 million in seed funding and debuts its e-MaaS platform-thumnail

BillionElectric receives $10 million in seed funding and debuts its e-MaaS platform

The cash infusion would be strategically directed for the deployment of electric tarmac buses at Bengaluru International Airport, as well as the creation of a mid-mile heavy EV truck platform.

News

Jun 27, 2023

1800 CNG stations will be built by Adani Total Gas in seven to ten years-thumnail

1800 CNG stations will be built by Adani Total Gas in seven to ten years

According to Suresh P. Manglani, CEO of Adani Total Gas Ltd (ATGL), a joint venture between Adani Group and TotalEnergies, more than 1,800 CNG stations would be built in the

Industry

Jun 27, 2023

Gautam Adani dismisses the Hindenburg report as “targeted misinformation,” claiming that a US short-seller profited from Adani’s share price decline-thumnail

Gautam Adani dismisses the Hindenburg report as “targeted misinformation,” claiming that a US short-seller profited from Adani’s share price decline

Gautam Adani stated in his shareholder statement that Hindenburg gained money by deliberately driving down Adani group stock prices. Gautam Adani, Chairman of the Adani Group, stated that the report

News

Jun 27, 2023

The market capitalization of InterGlobe Aviation nears Rs 1 trillion; surges 26% in 2 months-thumnail

The market capitalization of InterGlobe Aviation nears Rs 1 trillion; surges 26% in 2 months

In intraday trade on Tuesday, shares of InterGlobe Aviation, which operates the largest airline in the nation, IndiGo, rose 3% on the BSE and reached a record high of Rs

Business

Jun 27, 2023

Baskit, a supply chain startup, assists Indonesian middlemen-thumnail

Baskit, a supply chain startup, assists Indonesian middlemen

Large brand distributors dominate the top of the supply chain, but thousands of middlemen, including wholesalers, form partnerships with retailers at the bottom. Baskit, which was founded last year, seeks to give them tools to digitize the management of their goods and services in order to assist them acquire better rates. The Indonesian firm revealed today that it has raised $3.3 million in seed funding from Betatron, Forge, 1982, Investible, DS/X, Orvel, and Michael Sampoerna. This comes three months after a $1.5 million seed round.

Business

Jun 27, 2023

Amazon will host Prime Day in India later next month despite poor online retail sales-thumnail

Amazon will host Prime Day in India later next month despite poor online retail sales

Amazon is preparing for its signature sale event Prime Day in India around the end of July after a comparatively slower-than-expected first quarter for retailers in this country, according to

E-Commerce

Jun 27, 2023

ASK group planning to raise $122 million for private equity fund-thumnail

ASK group planning to raise $122 million for private equity fund

ASK Group is reportedly planning to raise a substantial sum of 10 billion rupees ($122 million) for its inaugural private credit fund, as revealed by individuals familiar with the matter.

Finance

Jun 27, 2023

CreditAccess Grameen signs a $200 million commercial loan facility-thumnail

CreditAccess Grameen signs a $200 million commercial loan facility

The largest NBFC-MFI in India, CreditAccess Grameen, has agreed to a $200 million external commercial borrowing agreement with foreign banks and Indian bank overseas branches. Twelve banks have already made

Finance

Jun 27, 2023

Cyient DLM IPO opens for public subscription today; price range Rs. 250-265-thumnail

Cyient DLM IPO opens for public subscription today; price range Rs. 250-265

Cyient DLM operates as an integrated electronic manufacturing service (EMS) and solutions provider, catering to the complete life cycle of products, including design, build, and maintenance.

Business

Jun 27, 2023

Bengaluru-Hubbali-Dharwad Vande Bharat will be inaugurated by PM Modi-thumnail

Bengaluru-Hubbali-Dharwad Vande Bharat will be inaugurated by PM Modi

According to South Western Railway (SWR), Prime Minister Narendra Modi will virtually inaugurate Karnataka’s second Vande Bharat Express, which runs between Bengaluru and Dharwad, today. On June 19, the fast train successfully conducted a trial run from KSR Bengaluru station to Dharwad and returned. 

Indian Govt

Jun 27, 2023


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