A United States court has ordered Sterlite Technologies' foreign arm to pay ₹810 crore in damages to US-based Prysmian for violating trade secret norms, PTI reported on August 16. Further, a $2,00,000 penalty has also been levied on Stephen Szymanski, Executive Vice President for Americas Region at Sterlite Technologies Incorporated for "misappropriation" of Prysmian's trade secrets, the report said. "The …
Biden has taken more action on climate than any president. “There was a need to really jump-start the ability for people to feel hopeful and excited again about the future.” Sponsor Message Focusing on climate as a jobs strategy accomplished another Biden goal of boosting the country’s manufacturing sector and the economy, McCarthy says. Almost four years later, Biden has …
London CNN Business — Germany is bracing itself for a rough winter as soaring energy prices threaten to leave permanent scars on its manufacturing sector, a key engine of its economy. Frederick Persson, chief executive for central and eastern European at Prysmian Group, an Italian-owned cables manufacturer, told CNN Business that energy costs were “on a scale that never seen …
The site of a former coal-fired power plant in Somerset will be transformed into the first offshore wind manufacturing facility in Massachusetts, the governor announced Thursday. An Italian cable manufacturing company, Prysmian Group, finalized an agreement to acquire a 47-acre parcel at the site to make subsea transmission cables that will bring power generated by offshore wind to the electrical …
