🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Innovation-killing non-compete agreements are finally dying

Wired · 1y ago

Innovation-killing non-compete agreements are finally dying

In the wake of the OpenAI crisis, where employees threatened to quit and follow CEO Sam Altman to Microsoft, it was revealed that California's ban on noncompete agreements (NCAs) played a crucial role. California, alongside Oklahoma and North Dakota, had prohibited NCA enforcement. Now, spurred by research on NCAs' negative effects, 38 states have introduced 81 bills to ban or restrict NCA enforcement in 2023. A federal push is also evident, with the National Labor Relations Board and the Federal Trade Commission taking steps against NCAs at the national level.

Related News

Will no-poach agreements hold in India?

Livemint

Livemint · 1y ago

Will no-poach agreements hold in India?

Indian IT services companies like Wipro and Infosys have raised concerns about breach of non-compete clauses when their senior employees joined rival company Cognizant. While such clauses are common in employment contracts, they are not legally enforceable in India according to Section 27 of the Indian Contract Act. Globally, no-poach agreements are prevalent but are facing scrutiny from regulators as they can restrict competition. In the future, companies may explicitly state rival firms to be avoided, although such provisions would still not be legally enforceable.

Google offers to loosen search deals in US antitrust case remedy

Economic Times

Economic Times · 7m ago

Google offers to loosen search deals in US antitrust case remedy

Google has proposed loosening its agreements with Apple and other companies to address allegations of unlawfully dominating the online search market. The proposal aims to restore competition but is narrower than the government's push to make Google sell its Chrome browser. Google argues that antitrust remedies should not stifle innovation, especially in an era of AI advancements. The focus should be on distribution agreements, such as those with browser developers and mobile device manufacturers. The proposal suggests making agreements non-exclusive and unbundling the Play Store from Chrome and search for Android manufacturers. Revenue-sharing agreements, which are crucial to independent browser developers, would remain intact. The proposal will be evaluated in a trial set for April, where further remedies may be considered, including the potential divestment of Chrome and Android.

Chip startup Rivos says Apple intimidates workers who ‘dare to leave’

Economic Times

Economic Times · 1y ago

Chip startup Rivos says Apple intimidates workers who ‘dare to leave’

Chip startup Rivos is counter-suing Apple, alleging that the tech giant enforces restrictive agreements preventing employees from working elsewhere, stifling emerging companies that hire its staff. Rivos and six ex-Apple employees are asking the court to rule Apple's non-disclosure and non-solicit agreements as "overbroad" and unenforceable. Apple had previously sued Rivos and former employees for allegedly luring away engineers and stealing proprietary information. The dispute revolves around "system-on-chip" technology. Rivos argues that Apple's agreements discourage employee mobility and competition. The case highlights concerns over trade secrets, employee mobility, and competition in the tech industry.

Apple accused of ‘trying to thwart emerging startups’

Livemint

Livemint · 1y ago

Apple accused of ‘trying to thwart emerging startups’

Chip startup Rivos Inc. has filed a countersuit against Apple, accusing the tech giant of illegally restricting employee mobility and stifling competition in the market. Apple had previously sued Rivos and six of its former employees for alleged theft of company secrets. Rivos argues that Apple's employment agreements are overly broad and unenforceable. The dispute revolves around system-on-chip technology, with Rivos claiming that Apple is using non-disclosure and non-solicit agreements to unjustly retain knowledge and staff. The case could have broader implications for the tech industry and labor mobility. Source: Livemint

Telangana Boosts Focus On AI With Global Summit, Inks 26 Pacts

Inc42 · 11m ago

Telangana Boosts Focus On AI With Global Summit, Inks 26 Pacts

The government has signed 26 agreements with various private players to support the development of artificial intelligence (AI) in the country. These agreements cover areas such as infrastructure, skills development, innovation, research, and data annotation. The government is also exploring a new approach to AI policy-making by crowd-sourcing input from experts and the public.

Europe's Hintco offers to solve India's billion-dollar green hydrogen quandary

Livemint

Livemint · 12m ago

Europe's Hintco offers to solve India's billion-dollar green hydrogen quandary

A European non-profit organization called Hintco, a unit of H2Global, has offered to address the problem faced by Indian manufacturers of green hydrogen - the lack of long-term buyers. The Indian green hydrogen industry has the necessary technology and investment but the absence of contracts is holding them back. Hintco suggested acting as an intermediary by signing long-term agreements with Indian manufacturers and short-term agreements with European companies, while funding the viability gap jointly with the concerned governments. The Indian government officials are open to discussing this solution, but no agreement has been reached yet.

Germany to ban Chinese giants from 5G network

Economic Times

Economic Times · 1y ago

Germany to ban Chinese giants from 5G network

Germany has announced plans to phase out the use of components from Huawei and ZTE in its 5G networks due to national security concerns. This move is aimed at reducing economic reliance on China, following warnings from the European Union. German officials are concerned about cyberattacks and have reached agreements with 5G network operators in the country. In another development, Apple has settled a European Union antitrust investigation by allowing rival tap-and-go payment services to use the technology behind Apple Pay. Finally, the US Federal Trade Commission has punished anonymous messaging app NGL for violating child privacy and consumer protection laws, imposing a $4.5 million settlement.

Byju's transfers $533 million to non-US subsidiary, Camshaft no longer in charge

Livemint

Livemint · 1y ago

Byju's transfers $533 million to non-US subsidiary, Camshaft no longer in charge

Edtech company Byju's announced that the $533 million it raised is in a 100% non-US subsidiary, and Florida-based Camshaft Capital Fund is no longer managing the funds. This follows disputes and allegations of concealment surrounding the funds, with potential legal consequences for Camshaft founder William Morton. Byju's clarified that the funds were transferred from the US subsidiary to another US subsidiary and finally to a non-US fund, denying any suggestion of funds being siphoned off. Byju's lenders are pursuing legal action to recover the money, while Byju's is confident in its ability to contest the acceleration of repayments.

Apple accused by US labor board of imposing illegal workplace rules

Economic Times

Economic Times · 10m ago

Apple accused by US labor board of imposing illegal workplace rules

- The National Labor Relations Board (NLRB) has filed a complaint against Apple for violating employees' rights to organize and advocate for better working conditions. - The complaint alleges that Apple maintained unlawful workplace rules, including requiring employees to sign illegal confidentiality and non-compete agreements, as well as imposing overly broad misconduct and social media policies. - Apple denies these claims and asserts that it has always respected its employees' rights to discuss wages, hours, and working conditions. - If the case is not settled, it will be heard by an administrative judge in January, and the NLRB is seeking to rescind the allegedly unlawful rules and notify Apple's entire U.S. workforce of their legal rights. - This complaint originated from charges filed by a former senior engineering manager, Ashley Gjovik, who also filed a separate lawsuit against Apple for alleged retaliation. - Several other NLRB cases against Apple are pending, including claims of firing an employee for criticism and interference with a union campaign at a retail store in Atlanta.

Delighted to seal historic India-UK trade deal with UK PM Starmer: PM Modi

Business Today

Business Today · 3m ago

Delighted to seal historic India-UK trade deal with UK PM Starmer: PM Modi

PM Modi expressed his delight in concluding a historic Free Trade Agreement with UK PM Keir Starmer. Along with a Double Contribution Convention, these agreements aim to enhance the Comprehensive Strategic Partnership between India and the UK. The deals are expected to boost trade, investment, growth, job creation, and innovation, further strengthening the economic ties between the two nations. PM Modi looks forward to welcoming PM Starmer to India soon.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.