{"id":844800,"date":"2024-08-16T09:40:00","date_gmt":"2024-08-16T04:10:00","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=844800"},"modified":"2024-08-16T09:40:00","modified_gmt":"2024-08-16T04:10:00","slug":"us-court-fines-sterlite-technologies-96-mn-in-trade-secrets-case","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/16\/us-court-fines-sterlite-technologies-96-mn-in-trade-secrets-case\/","title":{"rendered":"US court fines Sterlite Technologies $96 mn in trade secrets case"},"content":{"rendered":"<p>Mumbai: A US court has slapped Vedanta Group-backed optic fibre manufacturer Sterlite Technologies (STL) with damages of $96 million (around Rs 806 crore) for trade-related rights infringements involving Italian rival Prysmian.<\/p>\n<p>STL, in a statement, said it will &#8220;aggressively&#8221; challenge the verdict. The company, in which mining group Vedanta led by Anil Agarwal holds a 25% stake posted a loss of Rs 82 crore in the first quarter of fiscal 2025, on revenue of Rs 1,140 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: A US court has slapped Vedanta Group-backed optic fibre manufacturer Sterlite Technologies (STL) with damages of $96 million (around Rs 806 crore) for trade-related rights infringements involving Italian rival Prysmian. STL, in a statement, said it will &#8220;aggressively&#8221; challenge the verdict. The company, in which mining group Vedanta led by Anil Agarwal holds a 25% stake posted a loss of Rs 82 crore in the first quarter of fiscal 2025, on revenue of Rs 1,140 crore.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-844800","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/844800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=844800"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/844800\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=844800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=844800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=844800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}