Only Mukesh Ambani and Gautam Adani are ahead of her.
Last month, a Wall Street Journal report said Nadar planned to sell his stake worth $10 billion (or about Rs 61,000 crore, based on Wednesday's stock price of Rs 1,458.95) and was scouting for potential buyers.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. The Forbes 2019 list of 'The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
Vineet Nayar, chief executive of HCL Technologies till January this year, has decided to step down from the board of the company.
A new generation is being groomed to take over some of the top companies in India.
Roshni Nadar, daughter of Shiv Nadar, founder of HCL Coproration, has become the Executive Director and CEO, taking charge from her father, who remains Chairman.
Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice chairperson. Shiv Nadar would continue to be MD of the company with designation as chief strategy officer.
The amount donated by Nadar is by far bigger than the standards set by larger firms.
The last sale of shares in HCL Technologies by the foundation was in February 2012.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
HCL's president & CEO Anant Gupta talked to Business Standard about the demand environment, its in the European market and Roshni Nadar's induction into the company's board of directors.
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