Biocon chief Kiran Mazumdar-Shaw met with Karnataka's Chief Minister and Deputy Chief Minister on Diwali, amidst ongoing concerns about Bengaluru's infrastructure.
Karnataka Deputy Chief Minister D K Shivakumar responds to criticism regarding Bengaluru's infrastructure, while industry leaders and opposition members voice their concerns.
Information technology industry veteran T V Mohandas Pai has said the havoc caused in Bengaluru due to heavy rains was a result of multiple factors, including bad governance, high corruption and lack of urban reforms.
Mohandas Pai took part in an hour-long chat on rediff.com
In 17 years, Infosys has lost three generations of leaders, Mohandas Pai said.
'I want to tell big IT companies and others that such things (pothole issue) are everywhere, we are doing our job. It is there across the country, but we have a duty, we will do it'
Activist-turned politician Arvind Kejriwal and Manipal Group chairman Mohandas Pai are two new faces who will address the prestigious Wharton India Economic Forum meeting.
In a major setback to Infosys Technologies, the company announced that Mohandas Pai, the member of board of the company has decided to resign. Meanwhile, Infosys -- India's second largest software services exports firm -- posted a net profit rise of 17.1% y-o-y to Rs 1,818 crore (Rs 18.18 billion) in its net profit for the fourth quarter ended March 31, 2011 as compared to Rs 1,600 crore (Rs 16 billion) in the corresponding quarter a year ago.
Ex-CFO says new incumbent steps in at the right time, will be able meet to meet challenges.
In a surprise move on Thursday, Infosys President and board member B G Srinivas, considered a top contender for the first non-founder chief executive officer post, resigned from the company.
The proposed Bangalore School of Economics would be on the lines of Delhi School of Economics, for which the University is awaiting clearance from the Academic Council and Syndicate.
'We do not need short-term measures but long-term ones. Companies seem to have given up on the infrastructure part. Long delays are fuelling more traffic crisis.'
Human Resources practices in India are 10-15 years behind the curve and it is imperative to remodel them to suit the changing needs, aspirations and behaviour patterns of the skilled workforce, member of the Infosys board T V Mohandas Pai said in Bengaluru on Thursday.
Pai has direct and indirect investments in about a dozen companies.
India is not producing good jobs, but creating a lot of Rs 10,000-Rs 15,000 low-paid jobs which are not fancied by degree holders. Pai suggested that India adopt the Chinese model of opening up labour-intensive industries and building infrastructure near coasts, besides investing heavily in hitech R&D to meet the aspirations of job-seekers.
'Digital India is the biggest experiment that will transform India if Modi gets it right.'
Pai said he was also against 'naming and shaming' willful defaulters of bank loans.
Murthy, said Mohandas Pai, should focus on mentoring the next generation.
'Binary fission will happen -- startups will lead to more startups.'
Experts regretted that it has taken too long to deliver justice
Nandan Nilekani, Gokul Rajaram at top two spots in value terms
i2e1's model is based on innovation at the hardware front.
Kamal has a crisp pen when it comes to writing short and yet powerful film dialogues. But while speaking ex tempore -- and that has been his style -- he looks every bit a confused man, observes N Sathiya Moorthy.
When the government is out to get Mallya, why is it quiet about those people who are responsible for Air India's massive losses is a million dollar question
Chairman of Manipal Global Education Services says that the government often forgets that its prime duty is to serve the people and not some sick public sector units.
'Reservation for the private sector is a bad idea.'
'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'
Leaders who built and manage these incredible global companies cannot be tyrants, slave-drivers, or idiots. Essentially what they are saying falls under the definition of rallying the troops, inspirational talk, like the usual coach-speak with the team before a match, asserts Shekhar Gupta.
A centralised, founder-led model that relies on organic growth is no longer workable.
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state. Infosys employs over 3.15 lakh people at present across the globe. "We are planning to work with all the regulations of the state and central governments.
The escalating tensions between India and Canada have put Indian IT companies in a wait-and-watch mode but industry experts believe that there are no immediate areas of concern at this moment. Apex IT association Nasscom, in a statement, said since this is an evolving situation, it will continue to engage with stakeholders to track any potential areas of impact that may need support.
The stock exchange BSE has called off the merger of its unit at the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC), India International Exchange (India INX), with NSE International Exchange (NSE IX), a similar unit floated by rival National Stock Exchange (NSE), according to sources familiar with the development. BSE and NSE had been in discussions for the merger for over a year, but it has yielded no results, they said.
The Karnataka government on Wednesday put the reservation bill for Kannadigas in private firms on hold amid fierce criticism from business leaders and tech tycoons.
'Such steps would be a barrier and something people do not want.'
Infosys co-founder N R Narayana Murthy stirred a storm on X when he said young people should work 70 hours a week to level up the country's productivity. In a conversation with former Infosys CFO Mohandas Pai in the inaugural episode of 3one4 Capital's podcast 'The Record,' Murthy said that youngsters should put extra hours at work to compete with leading economies. "India's work productivity is one of the lowest in the world. Unless we improve our work productivity...we will not be able to compete with those countries that have made tremendous progress," he said, comparing India with China, Japan and Germany.
The fresh meat and seafood delivery startup Licious plans to set up 500 stores nationwide within the next five years as part of an omnichannel strategy. The aim is to attract new users in the offline channel and encourage them to transact online as well. The move would also help the company in its efforts to achieve profitability and go for an initial public offering (IPO) in the next 24 months, according to the sources.
'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'
Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.
The corporate affairs ministry has ordered an inspection of the books of Byju's, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues. The inspection of Bengaluru-based Think & Learn Pvt Ltd, which operates under the brand Byju's, will be carried out by the ministry, which is implementing the companies law. The ministry decided to carry out the inspection after taking note of the developments, including that the company has been unable to finalise its financial statements and that its auditor has resigned, the official told PTI.
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