In a recent exchange filing, IT firm Coforge revealed that it has received a second supplementary notice from a North American client, demanding indemnification for an amount potentially exceeding $11 million. The notice pertains to claims related to an alleged data breach involving the company.
Details of the Claim
According to the filing, the client has sought indemnity for two main components.
In a surprising turn of events, the chief executives of Indian midcap IT firms Coforge and Persistent Systems have earned more than their counterparts at industry giants TCS and Infosys in the past financial year. This trend highlights a growing willingness among midcap IT companies to offer competitive compensation packages to their top executives as they navigate through a challenging business…
