Capgemini to sell U.S. unit linked to ICE
The Hindu
CapGemini said the process of divestment would be "initiated immediately" but did not say whether the sale was due to CGS' contract with ICE.
French IT company Capgemini will sell its U.S. subsidiary Capgemini Government Solutions, it said on Sunday, after coming under pressure to explain a contract the latter signed with U.S immigration enforcement agency ICE.
Also read: Trump set to expand immigration crackdown in 2026 despite brewing backlash
French lawmakers, including Finance Minister Roland Lescure, had asked the company to shed light on the contract amid concern over the tactics used by ICE agents following the fatal shooting of two U.S. citizens in Minnesota last month.
"Capgemini considered that the usual legal constraints imposed in the United States on contracting with federal entities conducting classified activities did not allow the Group to exercise appropriate control over certain aspects of this subsidiary's operations in order to ensure alignment with the Group's objectives," it said in a statement.
CapGemini said the process of divestment would be "initiated immediately" but did not say whether the sale was due to CGS' contract with ICE.
CGS accounts for 0.4% of the CapGemini's estimated revenue in 2025 and less than 2% of its revenue in the United States, the group said.
Indian-flagged vessels in the Strait of Hormuz carry 2 lakh MT LNG and 16.7 lakh MT crude, amidst geopolitical tensions.
Stock markets continue to rise for the third day as Sensex and Nifty gain nearly 1%, fueled by IT stocks.
Rising oil prices and LPG shortages are driving India's shift to electric cooking, offering cost-effective and energy-efficient alternatives.
The rupee fell to a record low of 92.63 against the dollar, while equities surged with Sensex up 633.29 points.
Alibaba is sharpening its artificial intelligence strategy by focusing on agents that connect the many businesses under its sprawling corporate umbrella.
India's semiconductor market is set to reach $300 billion by 2035, driven by local production and growing technology demands.
Iran continues to export millions of barrels of oil amid war, with 90 ships crossing the Strait of Hormuz despite sanctions.
Amazon CEO Andy Jassy said during an internal all-hands meeting he expects artificial intelligence could help cloud computing unit Amazon Web Services achieve $600 billion in annual sales, double his own prior estimate.
Government mandates airlines to allocate 60% of seats free, enhancing passenger rights and convenience across Indian aviation.
Microsoft is weighing legal action against Amazon and OpenAI over a $50 billion deal, the Financial Times reported
Stock markets rally with Sensex and Nifty gaining, despite HDFC Bank and others lagging behind amid falling crude prices.
OpenAI has signed a new deal to sell access to its AI models to U.S. defence and government agencies through Amazon’s cloud unit for classified and unclassified work, the ChatGPT maker said
Samsung Electronics said on Wednesday that it expects to start volume production of Tesla’s chips