Infosys Settles Insider Trading Charges with Indian Regulator (SEBI)

Jun 27, 2024 7:29 AM - Parth Sanghvi

Image credit: m.

Infosys, a major Indian IT services company, has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding insider trading charges. Here's a quick breakdown:

Settlement Reached: Infosys agreed to settle the charges with SEBI without admitting or denying any wrongdoing.
CEO Salil Parekh Involved: The charges stemmed from alleged inadequate controls to prevent insider trading, with CEO Salil Parekh agreeing to pay a fine of ₹25 lakh (around $30,000 USD).
SEBI Investigation: The details of the specific insider trading activity that triggered the investigation haven't been made public.

Impact on Infosys:

The financial penalty is relatively minor for Infosys.
However, this settlement could potentially damage Infosys' reputation and lead to increased scrutiny from regulators and investors.

Investor Takeaway:

Investors in Infosys (INFY) should consider this news as part of their overall analysis of the company.
Evaluate Infosys' corporate governance practices and risk management controls before making investment decisions.

Stay Informed with FMP's Standard Deviation API!

The space industry is inherently dynamic. The FMP Standard Deviation API can be a valuable tool to measure volatility in the stocks of public companies associated with the space sector. This data can inform your investment decisions.

Learn more about the FMP Standard Deviation API: link to FMP Standard Deviation API documentation.

Other Blogs

Nov 22, 2024 5:08 AM - Parth Sanghvi

Fundamental Analysis: Principles, Types, and How to Use It

Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...

Dec 17, 2024 8:58 AM - Sanzhi Kobzhan

Examining Tesla’s Financial Health Using FinancialModelingPrep’s Ratios API

Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...

Dec 22, 2024 7:59 AM - Sanzhi Kobzhan

Two great Software Platform Stocks Similar to Palantir (PLTR)

When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...