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Google Chief Executive Officer Indian-American Sundar Pichai, 47, will be assuming the role of Alphabet CEO, making him one of the most powerful corporate leaders of the world.
Popular Internet search engine Google's chief executive Eric Schmidt and founders Larry Page and Sergey Brin were offered a raise in their salaries, which they declined to accept saying they would continue taking the token amount of $1 annually.
The net worth of India's richest man, Mukesh Ambani, dropped 28 per cent, or USD 300 million a day for two months to USD 48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday. The chairman and managing director of the diversified Reliance Industries saw his wealth decline by USD 19 billion (app Rs 144,400 crores) in the February-March period, taking his global ranking down eight places to 17th, the Hurun Global Rich List said.
The scheduled meeting of Internet search engine Google's founders and promoters with Prime Minister Manmohan Singh was called off late on Monday.
With his elevation as the CEO of Twitter, Parag Agrawal, in whom co-founder of the microblogging giant Jack Dorsey has "bone-deep" trust, joins the growing power club of Indian-origin executives helming US-based global multinationals. Twitter's outgoing CEO Dorsey announced on Monday that 37-year old Agrawal, an Indian Institute of Technology, Bombay and Stanford University alumnus, will be the company's new chief executive as he stepped down after 16 years at the company that he co-founded and helmed. A report in The New York Times said Agrawal will receive an annual salary of $1 million, in addition to bonuses, restricted stock units and performance-based stock units.
Larry Page on Tuesday named Pichai as Google's new head.
'Congratulations @sundarpichai. My best wishes for the new role at @google, Modi had tweeted.
The letter was in response to a New York Times report that Android creator Andy Rubin received a whopping $90 million exit package despite facing misconduct allegations.
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These include Microsoft's Satya Nadella, Mastercard CEO Ajay Banga, and Harman International Chairman Dinesh Paliwal.
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"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th.
Asteroid 2011 UW-158, an asteroid with 90 million tons of platinum core worth over five trillion dollars, hurtled past earth early Monday morning.
Prime Minister Narendra Modi, tennis star Sania Mirza and actor Priyanka Chopra are among the probable contenders named by the Time magazine for its annual list of the most influential people in the world.
Reliance chairman Mukesh Ambani has moved 2 ranks ahead this year on the most powerful list.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
When Zuckerberg and his wife pledged last year to give away the majority of their Facebook shares to a new foundation they had formed, questions arose about how that might happen without him losing his grip on the company.
None of the Big Tech companies or tycoons appears to be playing a meaningful role in the testing, spread, cure, or eradication of the virus or even in contact tracing so far, says Prosenjit Datta.
Google Chief Executive Officer Larry Page also praised Gundotra in his own Plus post.
Google has a lot of experience with legal troubles over intellectual property.
Facebook's Mark Zuckerberg is at the second place.
The reason for digital and IT interventions increasingly being adopted is not just the change in ways commuters move but also the mode on which this transport moves, says Jyoti Mukul.
Ajit Balakrishnan offers a recipe for creating 100,000 plus angel investors in India.
Prime Minister Narendra Modi has been ranked as the world's ninth most powerful person by Forbes magazine in a 2015 list which is topped by Russian President Vladimir Putin.
The PM has been named second year running; other contenders include Google's Sundar Pichai, US President Barack Obama, Islamic State leader Abu Bakr Baghdadi.
'Sergey and I have been super excited about his progress and dedication to the company. And it is clear to us and our board that it is time for Sundar to be CEO of Google,' Lary Page said.
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
The Chinese President dethroned Russian President Vladimir Putin as the most influential person on the planet.
'Sundar Pichai is not only a great engineer but a good leader too'
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