Apple may not release an iPhone SE in 2024; Infosys Prize for 2022 announced; US FTC proposes non-competes ban

Apple may not be releasing a new iPhone SE in 2024, according to analyst Ming-Chi Kuo, who bases his predictions on sources in the supply chain, The Verge reported on Jan. 7. The Infosys Prize for 2022 was announced on Jan. 7, by Infosys Science Foundation. The Prize carries a pure gold medal, a citation, and a cash purse of $100,000 each in categories including science, engineering and humanities. Also in this brief, the US Federal Trade Commission is seeking to eliminate non-compete clauses, which it termed as exploitative. Notes: Google has gone to the Supreme Court after its appeal at the National Company Law Appellate Tribunal was rejected over an order from the Competition Commission of India that fined the internet search giant for its market practices in the android ecosystem. The Competition Commission, in October, fined Google $161 million for exploiting its dominant position in the market for Android, which runs 97 percent of smartphones in India, Economic Times reported on Jan. 7. Apple may not be releasing a new iPhone SE in 2024, according to analyst Ming-Chi Kuo, who bases his predictions on sources in the supply chain, The Verge reported on Jan. 7. On Friday, last week, Kuo wrote in a blog post that Apple had cancelled production and shipment plans for the phone. The US Federal Trade Commission on Thursday, last week, moved to kill the practice of imposing non-compete agreements by businesses in the country. If the proposal becomes law, it could shift the balance of power from companies to workers, NPR notes in a report on Jan. 5. It could also set a powerful example for countries around the world. The FTC has proposed a new rule that would prohibit employers from imposing noncompete agreements on their workers, a practice it called exploitative and widespread, affecting some 30 million American workers. ChrysCapital, an India-focused private equity company, has acquired Xoriant, a software engineering and digital IT services provider to some of the biggest corporations in the world. The PE firm didn’t provide financial details. KreditBee, a fintech company offering an instant personal loan platform, has raised $100 million from private equity company Advent international. This brings the four-year-old Bengaluru venture’s total funding to $384 million, according to private markets intelligence provider Tracxn. The Infosys Prize for 2022 was announced on Jan. 7, by the Infosys Science Foundation. The Prize carries a pure gold medal, a citation, and a cash purse of $100,000 each in categories including science, engineering and humanities. In Engineering and Computer Science, the prize went to Suman Chakraborty, Professor of Mechanical Engineering at the Indian Institute of Technology, Kharagpur. In Humanities, the prize went to Sudhir Krishnaswamy, Vice Chancellor of the National Law School of India University, Bengaluru. In Life Sciences, the prize went to Vidita Vaidya, Professor and Chairperson, Department of Biological Sciences, Tata Institute of Fundamental Research, Mumbai. In Mathematical Sciences, the prize went to Mahesh Kakde, Professor of Mathematics at the Indian Institute of Science, Bengaluru. In Physical Sciences, the prize went to Nissim Kanekar, Professor, National Centre for Radio Astronomy, Pune. In Social Sciences, the prize went to Rohini Pande, Henry J. Heinz II Professor of Economics and Director, Economic Growth Center, Yale University.