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The Delhi High Court will next week hear Nayara Energy's lawsuit against German software company SAP's India unit suspending software services critical to its operations. Nayara had approached the Delhi High Court in September last year after SAP India Pvt Ltd suspended services citing European Union sanctions. The Court, which had denied urgent relief, is scheduled to hear the petition on March 16, people aware of the matter said. The European Union (EU) had last year imposed sanctions on Nayara for its ties to Russia and for refining Russian oil. Nayara Energy argued before the Court that its agreement is with SAP India, an Indian entity, and therefore, not subject to the EU sanctions. However, SAP India contended that its parent company is based in Germany and it cannot provide its services without their support. This, it argued, is an "extraterritorial application of law" threatening Indian energy security, as they produce a significant portion of India's petroleum. Such a mov
SAP labs India, the biggest R&D hub for German software maker SAP outside its headquarters, is sharply focused on driving global AI innovations from here, managing director Sindhu Gangadharan said adding that plans for opening a new, sprawling campus in Bengaluru are on track. SAP Labs India is on an expansion drive and the construction of the first of the three phases of a new campus in Bengaluru is already underway, another company official said adding the first phase entailing a capex of Euro 80 million is expected to be completed by Q2 of 2025. Gangadharan said that AI and GenAI (generative AI) have triggered an "incredible" business transformation, enabling companies to leverage the new-age technologies to reimagine customer experiences and processes, she said asserting that India with its talent and skillset has the power to lead AI innovations. SAP Labs India is focusing on Custom AI and multi-agent AI technology to drive the next wave of business transformation for its ...
India is among the fastest-growing markets for SAP globally and Europe's largest software maker is upbeat about the demand pick-up from small and medium businesses that are keen on adopting technology and AI for driving scale and efficiency needs. The German firm - whose software is used by some of the largest and well-known companies across the globe to streamline business processes from inventory management to supply chains - is scripting a "phenomenal story" in India, Manish Prasad, President and MD of SAP Indian Subcontinent told PTI in an interview, describing the market as a "melting pot of innovation, scale and execution". The Indian market is growing at a faster rate than expected, Prasad said adding small and medium businesses (SMBs), which are an important cog in that, are prioritising AI in a big way. A tech veteran and seasoned business leader, Prasad is leading the charge on SAP's growth and innovation strategies in the Indian subcontinent. "We are extremely bullish ab