Latest news with #ofConduct
The Hindu
02-07-2025
- The Hindu
Bengaluru Infosys techie arrested for secretly filming female colleagues in washroom
The Electronics City police on Wednesday (July 2, 2025) arrested a 30-year-old software engineer for allegedly filming his female colleagues in the Infosys campus washroom on Monday (June 30). Based on the complaint filed by the victim, the police arrested Swapnil Nagesh, a technical analyst, charging him under section 66e (violation of privacy through the capturing, publishing, or transmitting of images of a private area of a person without their consent) and Section 77 (offense of voyeurism) for further investigation. The incident came to light when the victim, working as a technical test lead at Infosys, went to use the washroom on June 30, 2025. While waiting to use the washroom, she saw a girl coming out of a cubicle and caught a man's reflection in the mirror, filming from the adjacent washroom. She climbed up the commode and allegedly caught him red-handed trying to record her too on his mobile phone. She raised alarm and ran out of the washroom, prompting the staff to come to her rescue. The HR staff caught the man and deleted the videos. The victim went home and narrated her ordeal to her family before approaching the police. Based on the complaint, the police tracked down Swapnil. The accused, according to the police, joined the company three months ago. He had recorded two videos, which the police retrieved from the 'Deleted' folder. The mobile has been sent to FSL for a detailed analysis, a police officer said. This incident has raised serious concerns about workplace safety and privacy, prompting calls for stricter monitoring and enforcement within corporate campuses. Infosys issues statement Following the arrest, Infosys released a statement assuring a zero-tolerance policy and extending full support to the investigation. 'We are aware of this incident and have taken necessary action against the employee, who is now separated from the Company. We also promptly supported the complainant by facilitating a swift complaint with the law enforcement authorities and continue to cooperate as they investigate further. Infosys is committed to providing an environment free of harassment and has a zero-tolerance policy. We take every complaint related to any violation of the Company's Code of Conduct seriously,' the IT firm's spokesperson said.
Business Wire
30-06-2025
- Business
- Business Wire
iolite Files Formal Complaint with Securities Regulatory Authority and Calls for the Immediate Resignation of Chairman Pierre Lépine and CEO & President Jean Martineau
FREIENBACH, Switzerland--(BUSINESS WIRE)--iolite Partners Ltd. ('iolite'), the largest shareholder of Dynacor Group Inc. (TSX: DNG, 'Dynacor'), announces that it has filed a formal complaint with the Quebec Autorité des marches financiers regarding potential disclosure violations by Dynacor. The complaint cites potential disclosure failures including in the lead-up to Dynacor's June 17, 2025 annual general meeting ('AGM') and in subsequent communications. Despite significant use of company resources to secure votes, the narrow margins in the Chairman's (60.98%) and CEO's (73.77%) re-election demonstrate the absence of any true mandate or vote of confidence in Dynacor's leadership. The full complaint calls for investigation into potential: Undisclosed loss of key talent and resulting risks. Large-scale dismissals and forced resignations of longstanding personnel in Peru — without reason, notice, and severance — followed by the hiring of unqualified individuals at inappropriate pay levels, exposing the Company to serious operational, legal, and financial risks. Failure to disclose the material deterioration of Veta Dorada — the subsidiary that generates 100% of the Company's revenue — misleading investors about the true state of the business. Issues regarding the credibility of Dynacor's international expansion narrative given the obvious deterioration of the core business and loss of key talent, used to justify both a contested capital increase in January 2025 and the re-election of directors at the AGM. Failure to revise guidance despite clear evidence of operational decline. iolite has filed this complaint in good faith, in the interest of all shareholders, to accelerate long-overdue leadership change at Dynacor and to ensure transparency and proper disclosure. The scope and severity of management's failures leave no credible reason for Messrs. Lépine and Martineau to remain in office; their continued presence exposes the Company to unacceptable operational, financial, and reputational risk. At the June 17, 2025 AGM – and again in a June 19, 2025 press release – management celebrated past achievements, touted international expansion, and reaffirmed optimistic guidance even as key operating metrics seem to have deteriorated. Barely a week later, on June 27, the Company issued a self-contradictory release announcing a 'restructuring in Peru,' allegedly triggered by 'employee practices contrary to the Corporation's values and Code of Conduct,' yet presented as part of a global growth plan requiring more head-office hiring. Management hired an external firm to review the evidently serious matter, but offered no explanation of what went wrong or why a review was necessary, leaving investors completely in the dark. iolite remains convinced Dynacor has real potential and is undervalued: it is a leading niche player in an attractive market, with nearly half its market cap in cash and positive free cash flow through Q1 2025. But the status quo is untenable. Dynacor urgently needs competent, decisive leadership of unimpeachable integrity – leadership capable of restoring trust, stabilizing operations, and unlocking the Company's full value for every shareholder. To those who understand the issues, the solution is obvious. iolite stands ready to help. About iolite Founded in 2011 iolite Capital is a Switzerland-based investment manager with a focus on hidden champions: good businesses at attractive valuations. iolite serves a select circle of private and institutional clients who share the same entrepreneurial mindset, are willing to invest for the long term, and who would like to have first-hand access to a dedicated portfolio manager with substantial and meaningful skin in the game. Using a private equity approach, iolite conducts deep fundamental research, constructively engages with management, and adopts a long-term investment horizon. For more information on iolite, please visit
Ottawa Citizen
25-06-2025
- Politics
- Ottawa Citizen
Justine Bell the third OCDSB trustee to resign in less than a year
Justine Bell has become the third trustee to resign from Ottawa's largest school board in less than a year. Article content In a letter to residents in Zone 10 (Somerset), Bell said the Ottawa-Carleton District School Board table 'was often a difficult space, and at times, a toxic one.' Article content Article content Her resignation is effective June 30. Article content 'There are a number of reasons why I'm resigning,' Bell, who has been a trustee for five years, said in an interview. 'The most important is my family.' Article content Article content Bell recently adopted a three-year-old girl from her husband's hometown in Mexico and for the past year and a half has been dividing her time between Ottawa and Mexico, sometimes attending school board meetings via Zoom. Article content Article content Bell said when she's in Ottawa, she spends time visiting schools in the city and remaining in contact with principals and superintendents, and has always answered questions by email immediately. Article content 'I went above and beyond some trustees who were present,' said Bell. Article content Being a trustee is not supposed to be a full-time job. But during a controversial elementary program review that started in the spring of 2024 and continued into this year, being a trustee became more than a full-time gig, she said. Article content 'There are so many ways a trustee can make a difference. For that, I'm really sad that I'm stepping down,' she said. 'The demands on a trustee are full-time. If you want to do it right and do it with heart, it can be a challenge.' Article content Article content The OCDSB's Code of Conduct complaints process has been weaponized and has taken up a lot of time and energy, said Bell who said she has worked hard to improve the environment at the board table, including advocating for respectful dialogue and pushing for a conflict resolution practitioner. Article content Article content 'Let's remember that we're here for the students and not the petty fighting. The entire board allows this to continue. We have to focus on the kids.' Article content Meanwhile, Bell said she's concerned about the next round of reviews, set to begin this fall, which may include changes to continuing education and adult education. Adult high school is one of the few avenues of real integration for newcomers to Ottawa, helping them make social connections get help finding a job, she said.
Yahoo
31-05-2025
- Politics
- Yahoo
Has Big Brother arrived? Inside the secretive Trump effort to centralize government data on millions of Americans
The Trump administration is reportedly leaning on an Elon Musk-allied tech company to build wide-ranging data tools pooling government information on millions of Americans and immigrants alike. The campaign has raised alarms from critics that the company could be furthering Musk's DOGE effort to vacuum up and potentially weaponize – or sell – mass amounts of sensitive personal data, particularly against vulnerable groups like immigrants and political dissidents. In March, the president signed an executive order dedicated to 'stopping waste, fraud, and abuse by eliminating information silos,' a euphemism for pooling vast stores of data on Americans under the federal government. To carry out the data effort, the administration has deepened the federal government's longstanding partnership with Palantir, a tech firm specializing in building big data applications, which was co-founded by Silicon Valley investor, GOP donor, and JD Vance mentor Peter Thiel. Since Trump took office, the administration has reportedly spent more than $113 million with Palantir through new and existing contracts, while the company is slated to begin work on a new $795 million deal with the Defense Department. Palantir is reportedly working with the administration in the Pentagon, the Department of Homeland Security, Immigration and Customs Enforcement, and the Internal Revenue Service, according to The New York Times. Within these agencies, the firm is reportedly building tools to track the movement of migrants in real time and streamline all tax data. The company is also reportedly in talks about deploying its technology at the Social Security Administration and the Department of Education, both of which have been targets of DOGE, and which store sensitive information about Americans' identities and finances. 'We act as a data processor, not a data controller,' the company insisted in response to the Times report. 'Our software and services are used under direction from the organizations that license our products. These organizations define what can and cannot be done with their data; they control the Palantir accounts in which analysis is conducted.' The Trump administration has reportedly pursued a variety of efforts to use big data to support its priorities, including social media surveillance of immigrants to detect alleged pro-terror views, and American activists who disagree wit Donal Trump's views.. Earlier this month, a group of former Palantir employees warned in an open letter that the company was 'normalizing authoritarianism under the guise of a 'revolution' led by oligarchs.' 'By supporting Trump's administration, Elon Musk's DOGE initiative, and dangerous expansions of executive power, they have abandoned their responsibility and are in violation of Palantir's Code of Conduct,' the employees wrote. Previous reporting from CNN and WIRED has described efforts at the Department of Homeland Security to build mass data tools to support tracking and surveilling undocumented immigrants, a key priority for the White House as deportations still aren't reaching levels necessary to meet Trump's promise of rapidly removing millions of people from the country. The effort has involved merging data from outside agencies like Social Security and the IRS, according to WIRED. 'They are trying to amass a huge amount of data,' a senior DHS official told the magazine. 'It has nothing to do with finding fraud or wasteful spending … They are already cross-referencing immigration with SSA and IRS, as well as voter data.' Since Trump took office, DOGE operatives, many of whom are unknown to the public nor have been vetted, have rapidly sought access to data at key agencies, including the Departments of Education and the Treasury, as well as the Social Security Administration, often over the objections of senior staff. The efforts have prompted scores of lawsuits against DOGE. At Social Security, the administration also moved thousands of living, mostly Latino undocumented immigrants into the agency's 'Death Master File' in an attempt to pressure them to leave the country. DOGE itself is reportedly under audit for its action by the Government Accountability Office, a federal watchdog. An April letter from Democrats on the House Oversight Committee warned of DOGE's 'extreme negligence and an alarmingly cavalier attitude' toward sensitive data. It claimed a whistleblower had described how 'DOGE engineers have tried to create specialized computers for themselves that simultaneously give full access to networks and databases across different agencies.' The 'whistleblower information obtained by the Committee, combined with public reporting, paints a picture of chaos at SSA [Social Security Administration] as DOGE is rapidly, haphazardly, and unlawfully working to implement changes that could disrupt Social Security payments and expose Americans' sensitive data,' the letter reads.'
Mint
21-05-2025
- Business
- Mint
Miniratna PSU stock Mishra Dhatu Nigam declares date to announce Q4 results 2025
Miniratna PSU stock Mishra Dhatu Nigam (MIDHANI), a Government of India enterprise under the Ministry of Defence, has announced that its Board of Directors will meet on Wednesday, May 28, 2025, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2025 (Q4 and FY25). The company informed stock exchanges—BSE Limited and the National Stock Exchange of India (NSE)—about the scheduled board meeting in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In the regulatory filing, MIDHANI also noted that in continuation of its earlier communication, the company's trading window closure will remain in effect until 48 hours after the declaration of financial results. This is in line with its internal Code of Conduct to Regulate, Monitor, and Report Trading by Designated Persons. The trading window restrictions aim to prevent insider trading and ensure compliance with SEBI regulations as the company prepares to disclose its financial performance. For the December 2024 quarter (Q3FY25), MIDHANI posted a strong performance with net profit surging 99.38 percent year-on-year (YoY) to ₹ 25.52 crore, driven by improved operational efficiencies. EBITDA grew 46 percent YoY to ₹ 59.72 crore, though revenue from operations dipped 5.13 percent YoY to ₹ 245.24 crore, highlighting the benefits of cost management and higher recycling efficiency. Brokerage firm ICICI Securities noted that MIDHANI's Q3 performance stood out due to cost controls, operational leverage, and a visible pickup in exports. Despite a 13 percent YoY decline in value of production (VoP), the company maintained a robust order book of ₹ 19,400 crore, translating to a book-to-bill ratio of 1.8x on a trailing twelve-month basis. ICICI Securities also sees future growth being driven by the ramp-up of MIDHANI's newly commissioned 500 tonnes per annum Vacuum Arc Remelting (VAR) facility, alongside a continued emphasis on cost rationalisation and inventory efficiency. Factoring in the risks from volatility in currently low imported raw material prices, the brokerage has moderated its valuation multiple to 17x FY27E earnings, arriving at a revised target price of ₹ 375, and upgraded the stock to a 'Buy' rating. In intra-day deals today, the PSU stock advanced 2 percent to its day's high of ₹ 405. Currently, the defense stock is 25 percent away from its 52-week high of ₹ 541.00, hit in July 2024. Meanwhile, it has jumped 86.5 percent from its 52-week low of ₹ 217.05, hit in April 2025. In the last 1 year, the scrip has shed almost 17 percent. Moreover, just in May, it had rallied 30 percent following a 13 percent surge in April and 12 percent gain in March. Before that, it lost 26 percent in February and almost 3 percent in January. Hyderabad-based Mishra Dhatu Nigam Limited (MIDHANI), incorporated in 1973, is a Mini-Ratna public sector enterprise under the Ministry of Defence. The company specialises in manufacturing high-performance materials such as special steels, superalloys, and titanium alloys. These critical products cater to high-value, strategic sectors including defence, space, and power. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
