Rishad joined the company in June 2007.
Wipro announced a 100 per cent interim dividend (Rs 5 per equity share of face value Rs 5) for the year ending March 31, 2007.
IT major Wipro's promoter Azim Premji is investing Rs 80 crore (Rs 800 million) to acquire a significant minority stake in a company floated by Jagdish Khattar, former managing director of Maruti Suzuki India who has recently turned entrepreneur.
Reacting to media reports of a Karnataka High Court notice to him for allegedly encroaching government land, Azim Premji, chairman of Bangalore-based Wipro, said he had returned the said portion in 2007.
'No nation can be self-sufficient in defence, nuclear and space technologies without domestic capabilities in hardware development and manufacturing,' says the Wipro chief.\n\n\n\n
IT major Wipro on Wednesday ruled out taking over scam-hit Satyam Computer or Maytas Infra.
A group of prominent personalities, including Premji, Keshub Mahindra and HDFC's Deepak Parekh, had in a letter to the national leaders earlier this month had expressed concerns over a series of scams leading to 'governance deficit', but had said that national challenges like fighting corruption cannot be solved by urban protests and posturing.
IT czar Azim Premji on Friday said the government has realised it is slowing down economic growth rate and he expected it to get into policy initiatives action post assembly polls in five States, irrespective of results.
Wipro Chairman Azim Premji is amongst Fortune magazine's list of 25 most powerful business leaders outside the United States.
The modern heroes find themselves in the illustrious company of Bill Gates, Steve Jobs, Henry Ford, Benjamin Franklin, John D Rockefeller, Thomas Edison and Michael Dell.
Reacting to Azim Premji's statement that investment on events like the Commonwealth Games is a waste of money, the Minister of Sports Dr M S Gill said that the government has decided to give awards to those companies which invest in promotion of sports.
Premji said that the country was very innovative with fundamental R&D in the solar energy space, and not just a copycat.
Premji said more than policy initiatives, the government should systematically execute on issues which are part of the existing policy.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
Inspiring excerpts from the address by Azim Premji, founder, Wipro at IIT Delhi's convocation ceremony.
The chairman of Wipro Azim Premji would ring the Closing Bell at the New York Stock Exchange on Friday.
Vivek Paul, the former high profile vice-chairman of IT major Wipro has admitted to differences with chairman Azim Premji, but said that was not the reason why he quit the company.
Premji plans to transfer $1.95-billion worth of shares to a trust that will fund social initiatives.
'Change descends on everyone equally; it is just that some realise it faster.'
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
Wipro founder and chairman Azim Premji said on Friday that he was 'not hanging up his shoes in a hurry'. He was speaking to the doyens of Indian IT industry and entrepreneurs in New Delhi after receiving the Dataquest Lifetime Achievement Award 2009.
I think the United States must realise that today 60 to 70 per cent of the growth of the revenues of large American companies comes from India and China.
The IPO boom in 2023 added four new promoters to the billionaires' list.
Philanthropic contributions made by India's ultra high networth individuals (net wealth of over Rs 1,000 crore), also known as UHNIs, have fallen sharply to Rs 4,230 crore in FY22, from Rs 11,821 crore the previous financial year, according to the India Philanthropy Report 2023 by Dasra and Bain & Co, which was released on Wednesday. The report says that the dramatic fall, almost by a third, was due to the fact that contributions by the Azim Premji Foundation dropped by Rs 9,000 crore due to a share buyback of Wipro, which helped the foundation to access liquidity directly. However, the report laments that even excluding the Premji Foundation's contribution, "Indian UHNI contribution has not kept pace with wealth creation" and is "below par, with a 5 per cent contraction in FY2022".
This will cost the government Rs 3.1 trillion, about 10 per cent of its annual expenditure, and higher than any other spending item in its Budget.
India's second largest IT services company Infosys on Thursday made it clear that the company does not support moonlighting and said it has fired employees who were into dual employment over the last 12 months. Infosys, however, did not divulge the exact number of people who were "let go" on account of moonlighting. Last month, Wipro chairman Rishad Premji revealed that some 300 employees were fired as the IT services company had no place for any employee who chose to work directly with rivals while being on Wipro payrolls.
Shahrukh Khan, J N Dixit, R K Laxman, Azim Premji are among the 96 people who have been conferred with this year's Padma awards.
The state's joblessness is three times higher than the national average of 7.8 per cent.
Additional levy to eat into Rs 6,000-crore income of top promoters
Mukesh Ambani, the patriarch of Reliance Industries (RIL), and Gautam Adani, the chairman of Adani Group of companies, have secured the top positions on the Fortune India Rich List, created in partnership with Waterfield Advisors, with respective wealth of $99.7 billion and $63.71 billion. With a wealth of $34.6 billion, the Mistry family of Shapoorji Pallonji Group holds the third position on the list, while the Poonawalla family, owners of vaccine maker Serum Institute, with a wealth of $32.9 billion, stands fourth. Stockbroker and founder of D-Mart-branded grocery stores, Radhakishan Damani, claims the fifth spot on the India Rich List with a wealth of $23.4 billion
'Usually, we are always worried that we are missing out something in life.' 'We are very keen for the audience to have this as a cinema experience in theatres.' 'You get the rare chance to be patient.'
'Wealthy Indians don't give as much as Americans because they believe they must leave their wealth to their children.'
In one of the biggest donations by a business family in India, the family of Adani Group chairman Gautam Adani on Thursday committed to donating Rs 60,000 crore (around $7.7 billion) to various charities related to health care, education, and skill development. The commitment has been made to mark Gautam Adani's 60th birthday on Friday as well as the birth centenary year of his father Shantilal Adani. The corpus will be administered by the Adani Foundation. "At a very fundamental level, [programmes] related to all these three areas should be seen holistically and they collectively form the drivers to build an equitable and future-ready India.
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