Recently, IT czar Azim Premji bought a 10 per cent stake in Subhiksha through his personal investment arm for nearly Rs 230 crore, valuing the retailer at Rs 2,300 crore. Premji's firm purchased this stake from ICICI Venture. However, this time around, Subhiksha promoters are expected to issue fresh equity to investors and expect the valuation to be around Rs 3,800 crore, sources said.
The Goa police on Friday arrested four employees of the store.
On Friday (April 18), Premji in a clear signal of giving more powers to the management, elevated Girish Paranjape and Suresh Vaswani as joint CEOs of Wipro Technologies, which reported a topline of $4.3 billion. Read excerpts of an interview with Girish Paranjape and Suresh Vaswani, joint CEOs of Wipro.
IT majr Wipro needs stability at the top deck, say industry watchers.
'I realised I didn't have to wait for a spectacular event or a character to emerge. All stories of ordinary people, of your family, are extraordinary,' novelist Yasmeen Premji tells Aseem Chhabra/Rediff.com
Wipro Ltd, the country's third biggest software services firm, on Thursday said it was looking for acquisitions in Germany and Canada to take advantage of the growing markets there.
Nearly 45 per cent of this value is likely to be delivered by 3 sectors - consumer goods and retail, agriculture and banking and insurance, the Nasscom report said.
Less than a week after closing an acquisition, Premji tells investors firm will continue to look at buyouts.
Pharmaceuticals, along with software and services, also added the most new entrants on the rich list 2018.
However, demand was still much higher compared to the previous years, underlining the scheme's vital role in providing employment to the rural poor, a vast majority of whom are migrants.
Joining the likes of N R Narayana Murthy and Azim Premji to blame the Indian government for policy inaction, UK-based NRI billionaire L N Mittal said the country is potentially condemning millions to remain in poverty by not helping industrialisation.
Total income of Wipro was almost flat at Rs 15,571.4 crore at the end of the first quarter of 2020-21 compared to Rs 15,566.6 crore in the corresponding quarter of the fiscal year 2019-20.
'The cost of the lockdown so far is the loss of about 11 million jobs.' 'It is important that a fresh lockdown does not make this worse,' asserts Mahesh Vyas.
Forbes said this year's 1,226 billionaires are a record high, up one per cent from last year's total.
Tata Group Chairman Ratan Tata, Infosys Technologies CEO Nandan Nilekani, Wipro Chairman Azim Premji and Reliance Industries Chairman Mukesh Ambani are the four Indians in Asia's 25 most powerful business leaders list by the Fortune magazine.
The initiative deepens N/Core's multi-year partnership with tech giant Cisco, which has participated in the fund along with Ford Foundation and IRB Infrastructure.
Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
Here's a look at how the new corporate governance norms will affect India Inc boardrooms.
The plan could mature into either an umbrella programme for urban youths similar to the Garib Kalyan Rozgaar Abhiyaan or a modified urban-focused version of MGNREGS.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
This refreshingly hilarious film should not be missed, says S Saraswathi.
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
Lakshmi Mittal tops the list, Azim Premji ranks second while third are the Ambani brothers. The 40 richest people in India have a total net worth of over $60 billion.
Donald Trump, accompanied by US First Lady Melania Trump, was received by Kovind at the forecourt of majestic Rashtrapati Bhavan along with his wife Savita.
IBM writes to US Congress; Premji meets Biden
Wipro chairman Azim Premji on Wednesday said the company would explore the Pakistan market for its range of products including consumer products and information technology.
Software major Wipro Ltd has decided to take up its second project, a technology centre, in West Bengal with a total investment of Rs 75 crore earmarked for the state.
"The blaze started on the 10th floor of the building, Sargam Society (G+16), located near Ganesh Garden in Tilak Nagar.
Snapdeal has a number of shareholders including Ontario Teachers' Pension Plan, PremjiInvest, Ratan Tata, Foxconn, Temasek and BlackRock, among others.
Fascinating stories of how 30 famous companies got their names.
Plans to enter the Southeast Asian market through acquisition.
Wipro on Monday said its shareholders have approved the company's plans to hive off non-IT business into unlisted arm.
India's third-largest software services exporter, Wipro said quarterly profit rose 11 per cent from a year earlier, in line with analysts' estimates, after an increase in orders boosted earnings.
We bring you inspirational excerpts from some of the most powerful and inspiring graduation speeches by the likes of Larry Page, Steve Jobs, Azim Premji and Shah Rukh Khan.
MGNREGA scheme: A significant Rs 17,370.58 crore has been carried forward over to the next financial year as unpaid dues as demand for work continued unabated for the scheme in rural areas.
Karthi and Hansika Motwani play the lead roles in the film.
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