Zenith Infotech Launches Low-Cost Private Cloud
Embattled Zenith Infotech launches a new cloud infrastructure and backup service built on Intel and Microsoft technology that reportedly costs 70 percent less than comparable offerings. The new service...
View ArticleZenith Infotech Barred from Selling Cloud Assets
An India court issued an injunction against the cloud and backup company after determining a previously submitted assessment of its asset value is incomplete. The ruling comes amid speculation that...
View ArticleCourt Orders Zenith Infotech to Reassess Value
In the ongoing dispute over its defaulted debt, Zenith Infotech was ordered by an India court to reassess its value. At issue is whether the company can pay its $85 million debt to U.S. leaders – or...
View ArticleZenith Infotech’s Value Plummets in New Review
A new court-ordered revaluation of embattled Zenith Infotech finds the cloud and backup vendor is now worth roughly one-quarter of its previously assessed value, giving creditors of its defaulted bonds...
View ArticleZenith Infotech Hit With Another Lawsuit
Details are emerging that embattled cloud computing provider Zenith Infotech is facing another legal challenge, this time brought by a supplier of technology used in the company’s popular backup...
View ArticleZenith Infotech Debt Crisis: One Year Later
A year has passed since Zenith Infotech defaulted on nearly $85 million in bonds. The dispute between the cloud provider and its creditors remains unresolved. Despite an ongoing legal battle, there...
View ArticleZenith Infotech Stock Value Plummets
Shares of embattled Zenith Infotech fall to new lows after India exchange authorities barred the company’s principals from engaging in stock trades amid allegations it improperly diverted funds away...
View ArticleZenith Wins Short Repreive From Regulators
Zenith Infotech has a little more time to come up with the money it needs to satisfy India regulators. The Securities Appellate Tribunal, the stock market regulatory equivalent to an appeals court,...
View ArticleZenith Infotech Confident in Appeal Chances
Zenith Infotech is scheduled to go before India regulators to appeal the barring of its officers from trading in the public stock markets. The company’s chairman, Rajkumar Saraf, says the Securities...
View ArticleZenith Infotech Wins Stock Market Appeal
The India Securities Appellate Tribunal overturned an order that would have compelled debt-ridden Zenith Infotech to post a multimillion-dollar security bond to continue trading on the Mumbai exchange....
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