Parekh, CEO of Infosys, settles insider trading allegations with SEBI for ₹25 Lakh.

Overview of Settlement Indian IT giant Infosys and CEO Salil Parekh settled insider trading accusations with SEBI by paying ₹25 lakh. A major commercial agreement was not classified as unpublished price-sensitive information (UPSI) as required by SEBI. Background of the Case Infosys’ July 2020 cooperation with Vanguard to deliver a Cloud-based record-keeping technology sparked the…

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Nokia’s CEO makes the world’s first call with “immersive audio and video” technology.

In a significant technical achievement, Nokia CEO Pekka Lundmark made the world’s first phone conversation utilizing a new “immersive audio and video” technology. This device aims to improve the quality of phone calls by adding three-dimensional sound, making interactions more lifelike. “We have demonstrated the future of voice calls,” Lundmark stated, highlighting the revolutionary power…

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Infosys CEO Confirms No Job Cuts Amid AI Integration

Infosys CEO Salil Parekh has assured that the company has no intentions of implementing job cuts, including rightsizing or downsizing, due to the adoption of generative AI (GenAI). In a recent interview with CNBC-TV18, Parekh stated, “Infosys is not looking at rightsizing, downsizing, or any kind of job cuts as has happened with others in…

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