US Agency Probes Workers' Bias Claims Against India's TCS
The US Equal Employment Opportunity Commission is investigating dozens of American workers' allegations that India's biggest IT outsourcer, Tata Consultancy Services Ltd., discriminated against them based on their race, age and national origin.
The former employees are largely professionals from non-South Asian ethnic backgrounds over the age of 40, who say the company targeted them for layoffs but spared Indian colleagues, some of whom were working on H-1B skilled worker visas. They began filing complaints against TCS in late 2023.
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Yahoo
38 minutes ago
- Yahoo
TALON METALS ANNOUNCES UPSIZED $39 MILLION FINANCING COMPRISED OF $25 MILLION BROKERED PRIVATE PLACEMENT AND CONCURRENT $14 MILLION NON-BROKERED PRIVATE PLACEMENT
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ ROAD TOWN, Tortola, British Virgin Islands, June 9, 2025 /CNW/ - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) ("Talon" or the "Company") is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with Canaccord Genuity Corp. ("Canaccord Genuity") on behalf of a syndicate of underwriters (the "Underwriters") to increase the size of its previously announced "bought deal" private placement of units of the Company (the "LIFE Units") to raise gross proceeds of $25,300,000 (the "LIFE Offering"), consisting of 115,000,000 LIFE Units at a price of $0.22 per LIFE Unit (the "Offering Price"). Concurrent with the LIFE Offering, the Company plans to complete a non-brokered private placement of up to 62,227,274 units of the Company (the "Non-LIFE Units" and, together with the LIFE Units, the "Units") at the Offering Price per Non-LIFE Unit for aggregate gross proceeds of up to approximately $13,690,000 (the "Non-LIFE Offering" and, together with the LIFE Offering, the "Offerings"). The Non-LIFE Units will be issued on the same terms as the LIFE Units. The Non-LIFE Units may be offered to purchasers resident in Canada pursuant to applicable prospectus exemptions, other than the Listed Issuer Financing Exemption (as defined below), in accordance with applicable laws, and may also be offered in other qualifying jurisdictions outside of Canada on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. Any securities issued under the Non-LIFE Offering to purchasers resident in Canada will be subject to a hold period in accordance with applicable Canadian securities laws, expiring four months and one day following the issue date of the Non-LIFE Units. The Non-LIFE Offering will be completed with certain directors, officers and affiliates of Pallinghurst Nickel International Ltd. Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") at a price of $0.28 per Warrant Share for a period of 36 months from the closing of the LIFE Offering or Non-LIFE Offering, as applicable. In the event that the closing price of the Common Shares on the Toronto Stock Exchange (the "TSX") (or such other Canadian stock exchange on which the Common Shares are then listed) for twenty (20) consecutive trading days exceeds $0.56, the Company may, within 10 business days of the occurrence of such event, deliver a notice (including by way of a news release) to the holders of Warrants accelerating the expiry date of the Warrants to the date that is 30 days following the date of such notice. The LIFE Units will be offered pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"), to purchasers resident in Canada (other than the province of Québec), and in other qualifying jurisdictions outside of Canada that are mutually agreed to by the Company and the Underwriters on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. The securities issued under the LIFE Offering to Canadian subscribers will not be subject to a hold period in Canada. There is an amended and restated offering document related to the LIFE Offering (the "Offering Document") that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read the Offering Document before making an investment decision. The Company intends to use the net proceeds from the Offerings to advance the Tamarack Nickel Project and for general and administrative expenses and working capital purposes, as further described in the Offering Document. The Offerings are expected to close on or about June 19, 2025, or such other date as the Company and Canaccord Genuity may agree (the "Closing Date"). The Non-LIFE Offering may close on a date subsequent to or prior to the closing date of the LIFE Offering at the discretion of the Company. The Offerings are subject to the Company receiving all necessary regulatory approvals, including the approvals of the TSX. The closing of the LIFE Offering is not conditional upon closing of the Non-LIFE Offering, and the closing of the Non-LIFE Offering is not conditional upon closing of the LIFE Offering. The Units (and the underlying securities) to be offered pursuant to the Offerings have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Talon Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Beulah Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams. Forward-Looking Statements This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the Offerings, including the completion and anticipated timing for completion of the Offerings, the potential size of the Offerings, the Company's intended use of the net proceeds of the Offerings, the receipt of all necessary regulatory approvals, including the approvals of the TSX, and the Company's exploration and development plans. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. SOURCE Talon Metals Corp. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
42 minutes ago
- Hamilton Spectator
Why some Canadians are alarmed by Mark Carney's pledge to act with urgency
Canadians elected Prime Minister Mark Carney's Liberal government based on its pledge to act with urgency and fix things — the country's economy, its security and its standing on the world stage. But with the unveiling of a bill to supercharge the economy and early efforts to improve the country's adversarial relations with India and China, there's growing concern that Carney's plans to boost Canada could involve unsavoury trade offs. Ask Indigenous leaders who were left out of 'nation-building' meetings or were given just a week to comment on legislation that will fast track infrastructure projects reasonably expected to pass through their treaty-protected territories. Ask Sikh-Canadian leaders who have seen their members targeted for death or violence, allegedly on orders from Indian government agents. Last Friday, they listened as Carney defended his G7 invitation to Indian Prime Minister Narendra Modi as one that 'makes sense' based on India's economic power, population and key role in international 'supply chains.' Ask foreign aid organizations, perhaps, if Canada commits to radically increasing defence spending along with NATO allies at a leaders' summit planned for later this month. Carney is not alone in his apparent willingness to step on toes if it means he can move further and faster in responding to the sense of emergency at hand. It's part of a global movement with governments invoking looming threats and emerging risks to push through all sorts of questionable — and sometimes contestable — priorities. The most blatant example is the one that has sparked the economic emergency in Canada. U.S. President Donald Trump's tariffs on imports have been pushed through not with legislation that can be studied, debated and voted upon, but through presidential executive orders invoking real or imagined national emergencies at the Canada-U. S. border. They are premised upon risks from America-bound migrants, fentanyl, steel and cars and, despite initial court rulings that tranches of the tariffs are illegal under U.S. law, they remain in effect. Likewise, the generalized panic that Russia's three-years-and-counting war against Ukraine has instilled in Europe. There is legitimate reason to worry about the longer-term intentions of Russian President Vladimir Putin, a leader who has been unwilling to agree to a ceasefire despite sanctions, despite diplomatic isolation, despite the more recent appeals, threats and exhortations of the Trump administration. But preparations for a potentially wider conflict on the European continent now have German officials talking about rehabilitating long-abandoned bunkers, Poland vowing to build up 'the strongest army in the region,' and Swedish households receiving an alarming 32-page pamphlet from their government entitled: 'In case of crisis or war.' 'To all residents of Sweden: we live in uncertain times,' the booklet begins ominously. It goes on to cover everything from securing one's home to digital safety to instructions on how to stop bleeding to advice about handling pets and talking to children. This is the political and emotional backdrop against which Canada and other NATO member states later this month are expected to back an agreement to steeply increase in their national defence budgets, moving to five per cent of GDP from two per cent. If agreed to, it will result in many billions of dollars going to weapons, tanks, planes and soldiers' salaries. But before those purchases can go ahead, there will be many difficult choices made about how to come up with the funds. Governments always talk about finding budget efficiencies for unexpected priorities, though saving is not a specialty for which politicians are well suited. Even Donald Trump and Elon Musk came up spectacularly short of their savings pledges through the Department of Government Efficiency. More frequently, governments end up robbing Peter in order to pay Paul, as the saying goes — cutting spending in on domain to increase it in another. That is exactly what the United Kingdom did with blunt effect when it announced earlier this year that it would slash foreign aid spending drastically in order to increase the defence budget. 'Few countries have articulated such a direct, one-to-one trade off before between those two areas of public spending,' noted a report from ODI Global , a think tank, that criticized the British government for thinking of defence and foreign-aid spending as an either-or choice. Similar potential trade offs are cause for concern in Canada. Will the urgency to build oil pipelines and assert the country as an 'energy superpower' in new markets come at the cost of Canada's fight against global warming? Carney's reputation as a climate-change warrior is well-established, but his use of the oil-and-gas industry's ' marketing speak ' at a recent meeting first ministers' meeting with provincial premiers has some worried about the economy taking priority over the environment. Inuit Tapiriit Kanatami, the national association representing Canadian Inuit, wasn't even invited to the first ministers' meeting, which concluded with a statement about the need to 'unlock the North's economic potential.' 'It is troubling that in 2025, the Government of Canada is so comfortable with empty rhetoric in place of rightful participation,' the Inuit association said in a news release . The legislation to get Carney's economic fast-track transformation under way — one that the Liberal government wants to pass into law by Canada Day — was decried by the Assembly of First Nations, which had just seven days to provide any concerns about the bill, APTN News reported . There are those who will defend a go-fast approach to governing in extraordinary times. They will warn that there is a greater risk in being sunk by the status quo — the never-ending consultations, the delays, red-tape entanglements. 'The advantage of a wartime mentality lies in the sense of urgency it introduces, and the readiness it encourages to push aside unnecessary bureaucratic barriers,' wrote Lawrence Freedman, an emeritus professor of War Studies at King's College London, in a piece about Russia, Ukraine and Europe. It's a line that can be applied as equally to Ottawa as to Moscow, Kyiv, Paris, Brussels or London. But one person's bureaucratic barrier is the next person's guard rail — a measure ensuring confidence, protecting against damaging errors, saving lives. Moving at high speeds, it can be difficult to spot the difference.
New York Post
an hour ago
- New York Post
How a female Ukrainian hacker exposed a botched SEC case against day traders
A Ukrainian hacker who was held at gunpoint by a gang of cocaine-sniffing cybercriminals helped the Securities and Exchange Commission blow the lid of of a high-profile breach case that had wrongly accused American day traders, according to a report. Olga Kuprina, known by her online persona 'Ghost in the Shell,' became a whistleblower for the federal agency in the shocking cyberattack that infiltrated the SEC's Edgar filing system in 2016, Bloomberg News reported on Monday. Surrounded by cocaine, laptops and armed men, Kuprina was trapped by a local crime boss, Artem Radchenko, in her Kyiv apartment and ordered to hack perhaps the world's biggest repository of corporate filings, according to the outlet. Advertisement Radchenko allegedly hoped to sell unpublished filings for $200,000 apiece. 4 Kuprina was known by her online persona 'Ghost in the Shell.' Instagram/sky31337 But as the doped-up Radchenko barked commands at Kuprina, she plotted her escape — desperate to return to her 7-year-old daughter and expose the cybercrime, according to Bloomberg News. Advertisement When she demanded payment for the hack, Radchenko allegedly broke her nose and refused to allow her to leave, according to Bloomberg News. Kuprina, 34, later fled, contacted US authorities, and turned over hard drives and handwritten notes proving how she had accessed the SEC data. 'There were so many vulnerabilities there you cannot f–king imagine,' she told investigators. Edgar, she said, was an outdated, patched-together system that hadn't been properly secured in years. Kuprina, who had also hacked Citigroup, Nasdaq, Dow Jones and NASA, signed a plea deal with the feds and fled to the US in 2018, leaving her mother and daughter behind. Advertisement 4 Olga Kuprina is a Ukrainian hacker who turned whistleblower. Instagram/sky31337 In 2019, the SEC wrongfully scapegoated American day traders who were accused of pocketing $4.1 million from insider trades linked to the massive cyberattack that breached the Edgar filing system. It turns out those Americans may have simply been guilty of making smart, lucky bets. 'Today's action shows the SEC's commitment and ability to unravel these schemes and identify the perpetrators even when they operate from outside our borders,' the agency's head of enforcement said in a press release. Advertisement Sungjin Cho, a Los Angeles-based day trader, was startled to find federal agents banging on his door before dawn. They confiscated his devices, grilled him about foreign hackers, and accused him of profiting off stolen data. 'I don't know what we were expecting to find, but he didn't seem like a high-rolling criminal at all,' one FBI agent told Bloomberg News. Kuprina's cooperation with US authorities would reveal a months-long breach of the SEC's core system — and upend the agency's narrative. What the SEC didn't say in its official version of events was that the breach of Edgar had lasted far longer than publicly acknowledged — and had been exposed not by agency sleuthing but by Kuprina. Despite her central role in exposing the breach — and continuing to download documents as late as March 2017 — Kuprina wasn't mentioned in the SEC's complaint. 4 In 2019, the SEC brought charges against US traders over a hack that was perpetrated by Ukrainian cybercriminals, according to a report. Christopher Sadowski Instead, the commission zeroed in on Cho and his associates: David Kwon, a friend who traded through Cho's accounts, and Ivan Olefir, a Ukrainian client connected to Cho's trading firm. While the three made trades that aligned with earnings announcements, investigators found no direct evidence they had been in contact with the hackers, nor that they ever knowingly received stolen documents. Advertisement Still, the SEC charged them, citing high win rates on earnings trades and circumstantial connections. The Department of Justice, which was conducting a parallel criminal probe, ultimately declined to prosecute the traders — a move that signaled doubts about the strength of the case, Bloomberg News reported. Cho maintained that he and his colleagues were simply tracking unusual trading activity — looking for signs that others had inside information, then piggybacking on their bets. 'Any earnings or any market-moving announcement…there will always be some leak,' Cho told investigators. Advertisement 4 Gorodenkoff – 'And if you could detect that movement, that's the strategy.' Critics say the SEC needed a win — and chose easy targets. The agency faced pressure to respond after being hacked itself, and rather than focus on the Ukrainian masterminds still at large, it trained its firepower on traders who were within reach. In the end, Cho settled for $175,000 — a fraction of what the SEC claimed he made. He did not admit wrongdoing, but under SEC rules, he is not allowed to publicly say he's innocent either. Advertisement 'I'm not allowed to say I'm innocent, but I'll give you all the facts and people can decide for themselves,' he later said. In 2020, Kuprina pleaded guilty to federal charges related to Edgar and five other hacks, according to Bloomberg. She served a short jail stint before being released as she cooperated with investigators. A judge sentenced her to time served in 2023 in recognition of her cooperation, according to Bloomberg. Advertisement The skilled hacker now works for cybersecurity company Recorded Future Inc. — and was reunited with her mother and daughter, who were flown out of war-torn Ukraine by the US government. Meanwhile, hackers like Radchenko are still at large. And the SEC's Edgar system, though updated in parts, remains vulnerable according to cybersecurity experts. The Post has sought comment from the SEC, Kuprina, Cho and Kwon.
