National Australia Bank embroiled in legal battle: ASIC accuses bank of customer hardships mishandling

By on    General business news  

National Australia Bank embroiled in legal battle: ASIC accuses bank of customer hardships mishandling

National Australia Bank Limited (NAB) has confirmed that the Australian Securities and Investments Commission (ASIC) has initiated civil penalty proceedings against the bank and its subsidiary, AFSH Nominees Pty Ltd (Advantedge), for alleged breaches of the National Credit Code. The proceedings, filed in the Federal Court on 15 November, involve hardship notices submitted by 345 […]

Cyient acquires stake in Azimuth AI to strengthen semiconductor capabilities in ASIC chip development

By on    Technology Industry News  

Cyient acquires stake in Azimuth AI to strengthen semiconductor capabilities in ASIC chip development

Cyient, a prominent global provider of Intelligent Engineering services, has announced a 27.3% stake acquisition in Azimuth AI, a fabless ASIC (Application-Specific Integrated Circuit) company celebrated for its innovative energy and power solutions. This investment underscores Cyient’s ambitious growth strategy within the semiconductor industry, as it aims to solidify its capabilities in creating advanced, India-designed […]