Legal 60

Workday hits over five-year low as slow sales forecast triggers AI disruption fears The stock fell 8.3% in early trading and was on track to widen losses of about 40% this year, sparked by concerns that the growing use of artificial-intelligence (AI) tools launched by companies such as Anthropic would corrode demand for traditional software

TCS urging staff to use AI despite risk to revenue TCS’ stance mirrors that of smaller rival Wipro, which expects rapid AI adoption to boost rather than shrink demand for software service providers Tata Consultancy Services (TCS) is urging employees to use artificial intelligence tools to deliver work faster and cheaper, even if it eats

Khaitan & Co advised Ambuja Housing and Urban Infrastructure Company Limited on The Park Unizen Development Project The leading Indian law firm, Khaitan & Co acted as legal advisor to Ambuja Housing and Urban Infrastructure Company Limited in relation to the regulatory and RERA-compliant structuring of its real estate development project, The Park Unizen. The

Israeli AI-cyber firm Gambit Security raises $61 million The company, which developed an AI-based cyber resilience platform designed to keep businesses running during cyberattacks, critical system failures or technical disruptions, said some customers were already using the system. Tel Aviv-based cybersecurity firm Gambit Security said that it had raised $61 million in an early funding

Khaitan & Co advised The Magnum Ice Cream Company Limited and Kwality Walls (India) Limited on demerger of HUL’s ice cream business and proposed listing of KWIL The leading Indian law firm, Khaitan & Co advised The Magnum Ice Cream Company Limited and Kwality Walls (India) Limited (KWIL) on the demerger of the ice cream

Curtis advised GFH Partners Ltd. on investment in Stake’s $31 million Series B funding round The international law firm, Curtis advised GFH Partners Ltd. on its investment in Stake as part of Stake’s US$31 million Series B funding round. GFH’s investment comprised both a primary investment for Series B shares and the acquisition of secondary

Zul Rafique & Partners advised VentureTECH on RM28 million strategic investments in IX Telecom and Delta Spike The prominent Malaysian full-service law firm, Zul Rafique & Partners advised VentureTECH Sdn Bhd on its combined RM28 million investment in IX Telecom Sdn Bhd and Delta Spike Asia Sdn Bhd. The investments are aimed at reinforcing Malaysia’s

Meysan advised Alamar Foods Company on acquisition of 29 Domino’s Pizza branches in Saudi Arabia The international law firm, Meysan acted as legal counsel to Alamar Foods Company in connection with its acquisition of 29 Domino’s Pizza branches in Makkah and Taif, Kingdom of Saudi Arabia. The transaction involved the transfer of the operating assets

AZB & Partners advised Stonepeak on joint venture with CMA CGM Group for port terminal acquisitions The leading Indian law firm, AZB & Partners advised Stonepeak on its joint venture with CMA CGM Group for the acquisition of stakes in port terminals from CMA CGM, including its stake in the Nhava Sheva Freeport Terminal, which

Taylor Wessing advised Stake on $31 Million Series B Funding Round The global law firm, Taylor Wessing advised Stake on its $31 million Series B funding round, bringing the company’s total funding to $58 million. The capital raise will support Stake’s expansion across the UAE and Saudi Arabia, furthering its mission to enable global investors