Referring to the issue related to Corporate Social Responsibility (CSR), which has been made mandatory by the new laws that govern companies, IT czar Azim Premji on Wednesday said philanthropy cannot be forced and it has to be spontaneous.
An MBA from Harvard Business School, Rishad, 32, joined the company almost two years ago as a business manager in the Banking and Finance division, which was then headed by Girish Paranjpe, the present joint CEO of the company's IT business. During his stint with GE Capital, Rishad was working in the treasury. Industry analysts say that Wipro is adhering to corporate standards, by treating the chairman's son at par with other employees.
Wipro Chairman Azim Premji on Friday said he has already given more than 25 per cent of his personal wealth to charity, but acknowledged it's not easy to use money well in philanthropy.
Premji said he was in Atlanta last week attending a meeting of American chief executive officers where generally the mood was 'surprisingly positive'.
The phase-wise transition of iD Fresh products into organic items has started and will include flagship offerings such as idli and dosa batter and Malabar parotta.
The India information technology industry, including exports and domestic market and semiconductor industry, is gaining traction despite challenges, said Azim H Premji, chairman, Wipro, at the third Freescale Technology Forum in Bangalore on Monday.
Three Indians - Mukesh Ambani, Azim Premji and Dilip Shanghvi - have made it to a global list of 50 wealthiest people that is topped by Bill Gates.
There is no substitute for hard work. I think the smartest people in life don't get ahead. It's the hard working people who do, says Rishad.
A very low rate of savings among mericans is a key reason for the weakening of US dollar, which in turn is hitting the bottomlines of Indian IT firms, feels Azim Premji, the billionaire chief of country's third-largest software exporter Wipro.
Wipro chairman Azim Premji on Friday said a nation cannot be self-sufficient in strategic sectors like defence, nuclear energy and space technologies without domestic capabilities in hardware development
IT major HCL Technologies' Shiv Nadar has retained his position as the 'most generous Indian' in 2023 as well, with a 76 per cent jump in his donations at Rs 2,042 crore. Wipro's Azim Premji's donations zoomed by 267 per cent to Rs 1,774 crore during the same year, according to the Edelgive Hurun India Philanthropy List 2023 released on Thursday. Richest Indian Mukesh Ambani donated Rs 376 crore in the year, which is an 8 per cent decline.
Infotech czar Azim Premji on Thursday expressed concern over various scandals that have surfaced in the country during the last one year and said good leadership in politics, bureaucracy, business and society would help end corruption in India.
Wipro chairman Azim Premji has projected IT software and IT-enabled services exports to touch $19-20 billion this fiscal.
Wipro Ltd Chairman Azim Premji on Friday said there are "absolutely no plans" to list Wipro Enterprises, the demerged non-IT businesses firm of the group, on stock exchanges.
Asserting that information technology cannot be a 'silver bullet' for solving problems, Wipro Chairman Azim Premji on Friday said it should be ensured that customer issues are clearly understood before the solution is proposed.
Wipro is poised for double-digit growth in the coming years as the US market is recovering and consumer spending improving, Chairman Azim Premji said.
Wipro Chairman Azim Premji, who had been second to none in criticising Karnataka government over inadequate infrastructure in the past, on Wednesday said the issue could be sorted out by talking to government.
It is said Rishad had been on the lookout for an opportunity and was quite keen on joining Wipro. Like everyone else, he too had to send in his resume and as luck would have it, he managed to find a placement.
The pace of the progress has been very slow over the last eight years.
Wipro Group chairman Azim Premji, who attended an event organised by an Rashtriya Swayamsevak Sangh body near Delhi on Sunday, said his presence did not mean that he endorsed the view of the forum.
Information technology czar Azim Premji foresaw on Friday emergence of a two-party system in the country, saying the recent Lok Sabha polls verdict was an indication to that effect. Addressing the Confederation of Indian Industry-organised fifth India Innovation Summit 2009 in Bangalore, he said the results of the recent Parliamentary elections suggested that Indian voter wants a two-party system.
Azim Premji, the chairman of Bangalore-based software giant Wipro, is the richest Indian with a wealth worth Rs 31,198 crore (Rs 311.98 billion).
For IT czar Azim Premji, what's happening in the Eurozone facing a two-year debt crisis is something like new Bollywood films hitting silver screens every week in India.
Sound values not only helped individuals and businesses become successful but also made success itself worthwhile, Wipro Chairman Azim Premji said on Saturday.
At the convocation ceremony at ISB Hyderabad, the Wipro founder appealed graduates to aim for hardwork, perseverance and honesty.
He particularly expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services.
Wipro Chairman Azim Premji, Planning Commission Deputy Chairperson Montek Singh Ahluwalia, former diplomat Brajesh Mishra and Telugu thespian A Nageshwara Rao were chosen for country's second highest civilian award--Padma Vibhushan--this year.
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
Markets regulator approves proposal to transfer promoter holding in excess of 75% to irrevocable independent trust.
Wipro has not been able to take similar strides in the health and financial sector as the competition has done, Azim Premji said.
Technology barons Azim Premji and Shiv Nadar are among seven Indians in U S-based business magazine Forbes' latest list of the world's 476 dollar billionaires released this week.
Voicing concern over potential job losses in the United Kingdon, Azim Premji chief of IT major Wipro said a number of large British corporations, including HSBC, Royal and SunAlliance
In 2022-2023, 15.5 per cent of women were unemployed compared to 11.2 per cent in 2017-2018. For every one woman employed, 10 men got a job.
For an annual dividend income of Rs 10 lakh or more, the investor will pay a DDT of 10 per cent
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