Infosys' Parekh settles insider trading case with Sebi

Salil Parekh, CEO of Infosys, has agreed to pay Rs 25 lakh to settle charges related to inadequate internal controls for preventing insider trading, as per Sebi's rules. Despite this, Infosys clarified that the settlement order has no impact on its financial or operational activities. The case centers on Infosys's 2020 deal with Vanguard, where Infosys took over operational support for Vanguard's DC record-keeping business, involving the transition of 1,300 roles.