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<br /> Tata Consultancy Services (<keyword id="6357150" type="CITY" weightage="100" keywordseo="TCS">TCS</keyword>) today announced <keyword id="1422411" type="UNKNOWN" weightage="20" keywordseo="Rajesh-Gopinathan">Rajesh Gopinathan</keyword> as the new CEO of the company. <keyword id="221979" type="PERSON" weightage="20" keywordseo="Gopinathan">Gopinathan</keyword> is currently the Chief Financial Officer (CFO) and vice president of TCS and will succeed the current CEO <keyword id="292865" type="PERSON" weightage="20" keywordseo="Natarajan-Chandrasekaran">Natarajan Chandrasekaran</keyword> as <keyword id="56148" type="PERSON" weightage="20" keywordseo="Chandrasekaran">Chandrasekaran</keyword> has been named as chairman of <keyword id="46894" type="PERSON" weightage="20" keywordseo="Tata-Sons">Tata Sons</keyword>.<br />
<br /> Gopinathan joined TCS in 2001 and was appointed as CFO of the company in February 2013. Prior to this, <keyword id="6372038" type="PERSON" weightage="20" keywordseo="Rajesh">Rajesh</keyword> was the Vice President - Business Finance. He was responsible for the financial management of the company's individual operating units.<br />
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<a href="http://www.businessinsider.in/breaking-news-n-chandrasekaran-is-the-new-tata-sons-chairman/articleshow/56500469.cms">Also read: N Chandrasekaran is the new Tata Sons Chairman</a><br />
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Born in 1971, Gopinathan, is an MBA from the Indian Institute of Management, Ahmedabad, and has handled various finance functions over the last several years and at present heads business finance and is responsible for financial management of the company's operating units.<br />
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Meet the new TCS CEO: Rajesh Gopinathan

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span><a href="https://www.flickr.com/photos/27063400@N03/6811326456">Qualys</a></span></p><p class="caption">The SEC charged Qualys executive Amer Deeba with insider trading on Thursday.</p></div><p></p></div></div></p><ul><li><strong>The SEC charged a former cloud security executive with insider trading on Thursday.</strong></li><li><strong>Amer Deeba, chief commercial officer at Qualys, allegedly gave his two brothers advanced warning of poor financial results in Q1 2015 and encouraged them to sell all of their shares in the company. </strong></li><li><strong>The financial results ultimately tanked the company's stock 25% the day after earnings, and saved the brothers a total of $581,170, according to the SEC complaint.</strong></li></ul><p>A longtime <keyword id="6356323" type="UNKNOWN" weightage="100" keywordseo="enterprise">enterprise</keyword> tech executive <a href="https://www.sec.gov/litigation/litreleases/2018/lr24251.htm">was charged with insider trading</a> on Thursday by the Securities and Exchange Commission which alleged that he tipped off his two of his brothers and helped them dump shares in his company ahead of an ugly quarterly earnings report.</p><p>Amer Deeba, the defendant, worked at Qualys for 17 years, most recently as chief commercial officer of the cloud security and services company. He had special access to Qualys CEO <span>Philippe Courtot, according to the complaint, and was the only senior executive to sit near Courtot in the office. </span></p><p>The SEC alleges that Deeba was privy to a significant miss on revenue in the company's Q1 2015 quarter, and encouraged his brothers to sell of their shares on that information before the company announced its results.</p><p>Deeba, who has settled the case without admitting or denying the allegations, will be barred for two years from serving as an executive or director at any SEC-reporting company and will pay a penalty of $581,170 - the amount of losses his tip allegedly saved his brothers.</p><p>Courtot called Deeba on April 7 and informed him of the low sales figures, according to the complaint. Deeba, who was in Lebanon with his family at the time of the phone call, allegedly passed this information along to his two brothers. Each held shares in the company thanks to gifts Deeba had issued them in 2005, long before the company's 2012 IPO.</p><p>Qualys's stock price dropped 25% the day following its May 4 earnings announcement, according to the SEC complaint.</p><p>Because they sold their stock ahead of the news, Deeba's two brothers avoided losing a total of $581,170, according to the complaint. Deeba and Qualys could not immediately be reached for comment.</p>  <p class="tagline">Visit  <a href="http://markets.businessinsider.com/">Markets Insider</a> for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. <a href="http://markets.businessinsider.com/">Go Now!</a></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/worlds-most-dangerous-venomous-animals-2018-7">The world's most dangerous venomous animals are all in Australia</a></h3>        <div>                    </div>    </div>

The SEC charged a cloud executive with insider trading after he allegedly saved his brothers from $600,000 in losses

Election 2019: Candidate list and party symbol for Chandni Chowk

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Alex Wong / Getty Images</span></p><p class="caption">Warren Buffett.</p></div><p></p></div></div></p><p>Good morning! This is the tech news you need to know this Friday.</p><p><strong>1. <a href="https://www.businessinsider.com/new-iphone-photos-appear-to-leak-to-famous-apple-blog-2018-8">The 9to5Mac blog published photos purportedly showing some of this year's iPhones, called the iPhone XS</a>. </strong>The blog claims it has got hold of a marketing image for two phones.</p><p><strong>2. <a href="https://www.businessinsider.com/apple-iphone-announcement-date-2018-8">Apple has officially sent out the press invitations to its iPhone event on September 12</a>.</strong> The firm is expected to reveal three new iPhone models to follow up on last year's iPhone X and iPhone 8.</p><p><strong>3. <a href="https://www.businessinsider.com/google-dismantles-donald-trumps-state-of-the-union-video-2018-8">Google dismantled a recent attack from Donald Trump, in which he claimed the company had not shown his State of the Union address</a></strong> The firm said it had promoted his 2018 speech.</p><p><strong>4. <a href="https://www.businessinsider.com/board-member-resigns-moviepass-parent-company-helios-and-matheson-analytics-2018-8">A board member has resigned from MoviePass' parent company, Helios and Matheson Analytics</a>.</strong> In his resignation letter, Carl Schramm raised concerns about the corporate governance of Helios and accused management of withholding material information from the board for months.</p><p><strong>5. <a href="https://www.businessinsider.com/snapchat-map-vandalized-to-label-new-york-city-jewtropolis-mapbox-2018-8">Snapchat and other popular apps with maps were vandalized to label New York City as 'Jewtropolis.'</a> </strong>The cause was vandalism of the mapping software from Mapbox, a third-party company that supplies mapping information to Snapchat, StreetEasy, and Citi Bike.</p><p><strong>6. <a href="https://www.businessinsider.com/dockless-scooters-return-to-san-francisco-2018-8">San Francisco has selected two companies - Scoot and Skip - to launch its dockless scooter-sharing pilot program</a>.</strong> The decision locks Uber and Lyft out of an important new market.</p><p><strong>7. <a href="https://www.businessinsider.com/steve-bannon-elon-musk-tech-ceos-man-childs-2018-8">Former White House Strategist Steve Bannon told CNN that Elon Musk and other tech CEOs are "all man childs."</a></strong> Bannon said Musk had an "emotional breakdown" in an interview with The New York Times, and"flat out lied" about securing funding to take Tesla private.</p><p><strong>8. <a href="https://www.businessinsider.com/warren-buffett-says-apple-shouldnt-buy-tesla-2018-8">Warren Buffett has said it would be a bad idea for Apple to buy Tesla</a>. </strong>He said that building a long-term competitive advantage in the auto industry is much more difficult than in the tech industry, where companies can use speed, scale, and network effects to maintain an edge over competitors.</p><p><strong>9. <a href="https://www.businessinsider.com/uganda-wants-alphabets-loon-to-provide-balloon-borne-internet-service-2018-8">Loon, an Alphabet company that started as a Google project, is in preliminary talks with Uganda about providing 4G LTE internet service to the country's rural areas</a>.</strong> The talks indicate that there might be a market in Africa for Loon's brand of balloon-borne WiFi service.</p><p><strong>10. <a href="https://www.businessinsider.com/sec-charged-former-qualys-executive-insider-trading-allegations-2018-8">The SEC charged a former cloud security executive at Qualys with insider trading on Thursday</a>.</strong> Amer Deeba, chief commercial officer at Qualys, allegedly gave his two brothers advance warning of poor financial results in Q1 2015 and encouraged them to sell all of their shares in the company.</p><p>Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/this-truck-turns-into-a-tent-in-seconds-topperezlift-truck-camping-2018-8">This machine turns a truck into a tent in seconds - here's how it's installed</a></h3>        <div>                    </div>    </div>

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Meet the new TCS CEO: Rajesh Gopinathan

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The SEC charged a cloud executive with insider trading after he allegedly saved his brothers from $600,000 in losses

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