During his time as executive chairman, the company's net revenues grew 17-fold to Rs 42,777 crore and profit after tax nearly 40 times to Rs 10,289 crore. Total shareholder returns grew at a compounded annual rate of around 20%. Besides numbers, his biggest achievement was to transform ITC from a cigarette company to a diversified enterprise.
Mass agitations are not particularly uncommon in India. But a mass agitation led by an environment-related issue that has gone out of hand is not something that can be easily recalled.
Six years ago, the company discovered an incident of embezzlement of about $4 mn by an employee.
Happy Friendship Day, folks!
Co-founder Nilekani could take the role of non-executive chairman, becoming a bridge between the board and Murthy, reports Ayan Pramanik.
'We are only talking about 65,000 H1B visas a year, it is not going to go down drastically.' 'If the number reduces and when you spread that reduction across all the top IT services companies, the impact will be marginal.'
After breaking records at the box office with its super successful run, it was time for team Dangal to celebrate!
In the past five years, the US has seen nearly two dozen Bills on employment visas introduced without success. But this time it is different, industry sources tell Ayan Pramanik.
All the fun they had at the 50th birthday celebrations!
The stunning star appearances at GQ's Fashion Nights in Mumbai.
Check out the star arrivals.
'More than 900 companies believe that the majority of their employees worry about AI's role in potential job losses.' 'It makes employees anxious about working with machines or AI applications and fuels resistance to change,' says a Capgemini report.
'We always say "Beti Bachao" and "Beti Padhao", but there has to be "Beto ko padhao aur na samjhe toh thappad lagao".'
Sukanya Verma presents an appreciation post for the cast of this must-watch movie.
'Even though the film focuses on caste discriminations in rural India, it is first of all a riveting police procedural, and one of the best made in India,' says Aseem Chhabra.
All the action from the grand night.
'I get bored easily. I don't want to do a serious film now but won't mind a biopic, which will be different and have a true story to tell. I want to satisfy my needs, my cravings.' Alia Bhatt tells us what's on her mind.
The latest updates from the Telugu film industry.
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
The US president's stance on immigration could lead to a change in H1B visa rules.
All major Indian IT services providers are keenly watching US President Donald Trump's potential actions on immigration law. Ayan Pramanik reports.
Ranbir is down with typhoid...
A recent McKinsey report warns that unless IT professionals re-train themselves, they could become irrelevant.
A look at the arrivals.
'The absence of cyber security framework for ATMs is like a dream come true for hackers.'
Stars share their throwback pictures and takes us in flashback with them.
'It is not that the H1B visa employees are coming in to displace jobs.'
IT firms are training employees of their clients and even aspiring IT professionals, in order to create fresh revenue streams amid shrinking deal sizes in traditional software maintenance, says Ayan Pramanik.
On his three-day trip, the Microsoft CEO will meet governments and businesses to get them to use the company's platforms.
The UK contributed to nearly $20 billion or 18% of India's $108 billion software exports for 2016.
If you want Ranbir to get the girl, this film isn't for you.
Reluctant to campaign so far, former Bengal CM draws large crowd in first roadshow since poll dates announced.
The latest Bollywood updates.
'In certain sectors we want to become catalysts, in others we want to encourage.' S D Shibulal discusses Axilor Ventures with Ayan Pramanik and Raghu Krishnan.
'There is large-scale sacking, and salaries in smaller companies are lower than the minimum wages of Rs 18,000 a month.'
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
Bhanumurthy B M, president and chief operating officer, Wipro, tells Ayan Pramanik and Raghu Krishnan that service delivery through digital technology-enabled platforms will change the business dynamics for the company.
'We are certainly open to inorganic opportunities to grow.'
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