The influence of the U.S. judicial system on Indian markets continues to be a source of debate, as demonstrated by two recent high-profile decisions. In one case, a Delaware bankruptcy court issued a $1.07 billion default judgment against Byju Raveendran, the founder of the edtech company Byju's,
but enforcing this in India faces major obstacles
because of non-reciprocating territory provisions in the Civil Procedure Code. The court's decision, which followed Raveendran's noncompliance with discovery orders in a dispute over Alpha-GLAS Trust financing, highlights the challenges of recovering debts across borders. Legal specialists point out that India's stringent Section 13 criteria for accepting foreign judgments—especially those made without a comprehensive trial—will likely require creditors to file a fresh civil case, where the foreign judgment is treated as supporting evidence rather than a final order. This procedural challenge, along with Raveendran's intention to appeal, could postpone any substantial asset recovery for an extended period.
Elsewhere, Tata Consultancy Services (TCS)
has been ordered to pay $194 million in damages
by the U.S. Fifth Circuit Court of Appeals in its ongoing legal battle over trade secrets with
DXC Technology
. Although the appellate court maintained the damages verdict, it overturned an injunction and sent it back for further review. TCS, which has previously defended the case as crucial to its reputation, now faces a lengthy legal journey. This outcome draws attention to the increasing focus on intellectual property conflicts in the international IT industry, where cross-border lawsuits frequently challenge the boundaries of legal cooperation.
In another update, Binance's Alpha platform
issued a complete reimbursement
of Alpha Points to users impacted by a technical glitch during the Kyuzo's Friends (KO) airdrop. The error, which mistakenly flagged tokens as already claimed, highlights the operational vulnerabilities of blockchain-based reward programs. Binance responded promptly by refunding users in full, aiming to reinforce confidence in its decentralized finance (DeFi) offerings.
Amber International Holding Limited posted strong results for the third quarter of 2025, with assets managed on its platform
jumping 69.8% year-over-year to $1.84 billion
. The company credited its performance to profitable wealth management services and increased trading activity. Nevertheless, its $300 million share buyback program, approved through 2026, indicates a shift toward optimizing capital in response to heightened competition in the fintech arena.
The U.S. defense sector also made headlines, as Boeing landed a $4.7 billion deal to supply 96 AH-64E Apache helicopters to Poland
signaling rising interest
in advanced defense technology in Eastern Europe. Deliveries, scheduled to start in 2028, will involve close cooperation with Polish industry partners under an offset arrangement, emphasizing the geopolitical factors at play in defense contracts.