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News on Medial
All About Apple’s Indian-Origin CFO Designate Kevan Parekh
Inc42
·
10m ago
Medial
Kevan Parekh has been announced as the next CFO of Apple, replacing Luca Maestri on January 1, 2025. Currently serving as the vice president of financial planning and analysis, Parekh joined the company in 2013 and has gradually advanced his career. This appointment adds to the list of Indian-origin top executives in major US tech companies, including Sundar Pichai of Google and Satya Nadella of Microsoft.
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Related News
Who is Kevan Parekh? First-gen Indian-origin American who became Apple CFO, check his 8-figure salary | Company Business News
Livemint
·
6m ago
Medial
Kevan Parekh, a first-generation Indian American, became Apple's Chief Financial Officer on January 1, 2025, succeeding Luca Maestri. Prior to his appointment, he was Apple’s VP of Financial Planning and Analysis, having overseen planning, investor relations, and market research since joining in 2013. Parekh's salary as CFO is reportedly $1 million per year, with additional incentives. Apple CEO Tim Cook praised Parekh's intellect and financial acumen, deeming him ideal for the CFO role.
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Apple taps insider Kevan Parekh as CFO, replacing Luca Maestri
Economic Times
·
10m ago
Medial
Apple has announced the appointment of Kevan Parekh as its new chief financial officer, replacing Luca Maestri. Parekh, an insider who has been with Apple for over a decade, will officially take on the role on January 1, 2025. The move comes in anticipation of Apple's upcoming product launch, which includes significant software upgrades and artificial intelligence features aimed at boosting sales and competitiveness. Maestri will remain with the company, overseeing corporate services teams. Analysts have noted the importance of a smooth transition and the potential for Parekh to explore new acquisitions.
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Tesla CFO Vaibhav Taneja makes it to top minus tech heft, beats Pichai, Nadella in pay package
Economic Times
·
1m ago
Medial
Tesla's CFO, Vaibhav Taneja, made headlines with his $139 million pay package, surpassing tech leaders like Satya Nadella and Sundar Pichai. His compensation includes stock options and equity rather than cash. Taneja joined Tesla in 2017, became CFO in 2023, and played a crucial role in the company’s operations. His rise highlights the success of Indian-origin executives in diverse industries, emphasizing impact beyond monetary success, according to Indiaspora's Sanjeev Joshipura.
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Why Infosys and HCLTech have the longest running CEOs
Livemint
·
10m ago
Medial
C. Vijayakumar of HCL Technologies and Salil Parekh of Infosys have become the second-longest running CEOs among the top five Indian IT services companies. TCS, Wipro, and Tech Mahindra have all seen leadership changes in the last two years, while Parekh and Vijayakumar have held their positions for over six and eight years, respectively. Both CEOs have brought stability and growth to their companies, with HCLTech experiencing higher growth rates compared to its peers. However, both face challenges in declining profitability.
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Ather CFO Deepak Jain steps down, Sohil Parekh named successor
Economic Times
·
1y ago
Medial
Electric vehicle maker Ather Energy's CFO, Deepak Jain, is set to leave the company, with Sohil Parekh taking over the position. Ather CEO Tarun Mehta announced the change in an internal communication. Jain had been with Ather for over four years and played a crucial role in the company's financial growth. Parekh, who has been with Ather for over a year, will work closely with Jain during the transition. Ather recently unveiled a new line of scooters called the Rizta. In FY23, the company's losses increased significantly while operating revenue grew.
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Everyone in tech has an opinion about Soham Parekh | TechCrunch
TechCrunch
·
14d ago
Medial
Soham Parekh, an Indian software engineer, was publicly accused of simultaneously working at multiple startups, preying on Y Combinator companies. Former Mixpanel CEO Suhail Doshi exposed Parekh on social media, leading to a widespread industry conversation. Responses varied, with some viewing Parekh as a deceptive figure, while others saw him as a folk hero. Soham claimed desperation drove his actions, and there's a mix of fascination and critique within the tech community regarding his tactics.
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Paytm denies government deferred approval of investment in payment services arm
Money Control
·
1y ago
Medial
The Indian government has reportedly deferred the approval of Paytm's investment in its payment services arm due to concerns about Chinese shareholding in the parent company. The Ministry of Home Affairs approved the investment in January, but the Foreign Ministry rejected it on political grounds. Paytm has clarified that it has not received any communication regarding the deferral. The company highlighted that all key personnel and board members are of Indian origin, with no special rights given to Antfin. The approval is crucial for empowering Indian companies, driving technological advancements, and preserving trust in payment services.
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Cert-In flags multiple vulnerabilities in Apple’s iPhone, iPad operating systems
Economic Times
·
1y ago
Medial
The Indian Computer Emergency Response Team (CERT-In) has identified vulnerabilities in Apple's iPhone and iPad operating systems that could be exploited to trigger denial of service attacks, execute arbitrary code, or bypass security restrictions. The advisory notes that all operating software versions for devices such as iPhone 8, iPhone X, and iPad 5th generation are affected. Apple has released a patch for these vulnerabilities and users are advised to update their devices. This follows CERT-In's previous warning about vulnerabilities in Samsung phones that could compromise security and access sensitive information.
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Aditya Birla Group Chairman Kumar Mangalam’s children Ananya, Aryaman join Hindalco board | Mint
Livemint
·
11m ago
Medial
Hindalco Industries, a subsidiary of the Aditya Birla Group, has appointed Ananya Birla and Aryaman Vikram Birla, the children of Kumar Mangalam Birla, to its board of directors. Ananya Birla is known for her entrepreneurship and music career, while Aryaman Vikram Birla has experience in entrepreneurship and venture capital investing. The board has also welcomed Anjani Kumar Agrawal and Sukanya Kripalu as independent directors, and Bharat Goenka as the CFO (Designate). The move follows the siblings' appointment to other key positions within the Aditya Birla Group in 2023. Hindalco Industries aims to focus on sustainability and a low-carbon future.
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Silicon Valley fumes as Indian techie Soham Parekh works multiple founders - The Economic Times
Economic Times
·
14d ago
Medial
Soham Parekh, an Indian techie, has faced criticism from Silicon Valley leaders for allegedly working simultaneously for multiple startups, exploiting the shift to remote work. Suhail Doshi, founder of several AI companies, warned others about Parekh’s actions, highlighting that he targeted Y Combinator companies. Despite Parekh's talent and efficiency, many startups discovered his overlapping commitments. The "Overemployed" subreddit suggests such practices may be more common, with 400,000 subscribers sharing similar strategies.
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