The Allahabad high court has quashed criminal proceedings against Wipro Chairman Azim Premji and other senior officials in a case related to alleged labour law violations.
A stake sale by Tata Trusts will help it to have a larger corpus that could be used to balance the unequal dividends that flow from Tata Sons on an ongoing basis.
Azim Premji's private investment firm, Premji Invest, has quietly built a formidable portfolio of 11 AI startups, primarily in the US, with a combined valuation of $43 billion. The firm has participated in 19 funding rounds since 2021, with a notable focus on US-based companies, many of which were founded by Indian entrepreneurs.
'... to see that young people are gainfully employed. After that, it will become very difficult as we will start ageing much more rapidly.' 'We have a huge proportion of Gen Z. After 2030, every year, we will start seeing a gradual shift towards a slightly older society.'
Education sector experts agree that using the "best technology" was essential to ensure students did not have to sit for an examination all over again because of a question paper leak.
'It could be in IT, it could be in administration, it could be in legal, it could be in technical services, but entry level jobs are rapidly disappearing because AI is taking them over.' 'So, the big question what would happen if the bottom rung of the ladder is removed?'
Under this programme, selected students will receive an annual scholarship of Rs 30,000 for the full duration of their undergraduate course.
Three separate trademark applications have been filed seeking rights over the name Cockroach Janata Party, official records showed.
Former Samajwadi Party MLA Irfan Solanki and his associates have been booked on charges of assault and intimidation following a clash at a goat market in Kanpur. The incident has sparked tension in the area, with traders demanding police action.
'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'
One consortium is led by Manipal Hospitals' Dr Ranjan Pai along with US private equity firm KKR and Singapore investment major Temasek. The other is a combine of Swedish private equity firm EQT and Premji Invest, the investment office backed by Wipro founder Azim Premji.
India's new manufacturing project announcements more than halved in the fourth quarter of FY26, falling 60 per cent sequentially and 78 per cent year-on-year to approximately 1.7 trillion, driven by global uncertainties, geopolitical conflicts in West Asia, and existing unutilised manufacturing capacity.
A consortium led by the Aditya Birla Group emerged the lead bidder to acquire IPL franchise Royal Challengers Bengaluru for a whopping Aditya Birla Group-Led Consortium Acquire IPL Champions RCB for Rs Rs 16,660 crore.
Less than half of all graduates were employed, with 48.8 per cent reporting some form of work.
The 2025 contraction marks the steepest decline in both the number of billionaire promoters and their aggregate wealth since 2012.
In a row that has rocked Bangladesh women's cricket, captain Nigar Sultana Joty has denied claims that she beat junior players, responding with a fiery defence that included a dig at India skipper Harmanpreet Kaur.
The Voter Adhikar Yatra, led by Rahul Gandhi and Tejashwi Yadav before the Bihar Assembly polls, failed to deliver electoral gains for the Mahagathbandhan, with the NDA winning across its route.
Even as the Bharatiya Janata Party made a spectacular show in the Bihar assembly elections with almost all of its 101 candidates registering massive wins, 12 of the nominees missed the bus.
'While I was bowling, he came up and placed his hand on my shoulder.' 'He had a habit of pulling girls close, pressing them to his chest, and talking near their ears.' 'We used to avoid him.'
Eight of the top 10 employers showed a double-digit growth in fixed capital. Only one out of 10 showed a double-digit addition in employment.
'The possibility of Nitish Babu continuing at least for some time is very much there, but don't rule out the artistic possibility of a leadership change executed very elegantly.'
'This election was won because of Nitish Kumar's face and his policies.'
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a "frivolous"and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was "mischievous" in nature.
The Supreme Court Tuesday extended the stay on criminal proceedings against former Wipro chairman Azim Premji, his wife and others on their plea seeking quashing of summons issued by a Bengaluru court on a "frivolous" and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three companies with a Premji group firm. A bench of justices S K Kaul and M M Sundresh was hearing an appeal filed by Premji challenging the Karnataka high court order of May 15 which had rejected their pleas for quashing of the January 27 summons issued by the trial court.
Tech tycoon Azim Premji's global investment arm, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation. "The proposed transaction involves the acquisition of certain shareholding by each of PIOF, Claypond and 360 Fund (through its various schemes and affiliates) in Akasa Air," said a notice filed with the Competition Commission of India (CCI) on Wednesday.
Premji, 70, who founded the Azim Premji Foundation, is among the nine philanthropists named recipients of the 2017 Carnegie Medal of Philanthropy in "recognition of their outstanding and innovative leadership in philanthropy."
'Azim Premji has given away about one-and-a-half lakh crore rupees of his wealth.' 'Most of us will not even know what that sum actually means.' 'To put it into context, it can fund India's health budget and education budget,' points out Aakar Patel.
With the latest action, the value of the philanthropic endowment corpus contributed by Premji is about $21 billion, which includes 67 per cent of the economic ownership of Wipro.
When it comes to philanthropy, Indians don't share the table with the likes of Bill Gates but still there are a few who do really donate and the latest list is topped by Azim Premji of Wipro.
Veteran Bangladeshi MP Anwarul Azim Anar, who went missing in India, was found murdered in Kolkata and three people have been arrested, Home Minister Asaduzzaman Khan announced in Dhaka on Wednesday.
India now has 284 billionaires, 13 more than last year, maintaining its position as the third-largest dollar-billionaire hub globally, after the US and China.
Life has many challenges. You win some and lose some. You must enjoy winning. But do not let it go to the head.
IT major Wipro's Azim Premji donated Rs 22 crore a day or Rs 7,904 crore in a year to emerge as the most generous Indian in FY20 and top a list of philanthropy. Premji pipped HCL Technologies' Shiv Nadar, who had earlier topped the list collated by Hurun Report India and Edelgive Foundation, by a wide margin.
Wipro chief executive Abidali Z Neemuchwala saw his pay package grow 41 per cent to $ 3.9 million during 2018-19.
Wipro founder Azim Premji has transferred 1.02 crore equity shares of Wipro held by him to his two sons --Rishad Premji and Tariq Premji-- as 'gift', according to exchange filing. The Wipro scrip is currently valued at Rs 472.9 per share, and at roughly this value, the transferred shares will amount to a whopping Rs 483 crore.
The honorary doctor of humane letters degree was conferred on Premji in recognition of his achievements as a 'renowned entrepreneur, global business leader and extraordinary humanitarian who has demonstrated a commitment to education and the well being of fellow citizens,' Wipro said. Premji is the second Indian recipient of this award. Nobel Prize winner Amartya Kumar Sen was awarded an honorary doctorate in 1995.
'All of us have a duty to contribute to society. 'The practice of moral leadership will help us in this; it will also help us in business. 'We need to work together to develop the India that we have envisioned in our Constitution - an idea that is equitable, humane and sustainable.'
This is the largest philanthropic transfer by any individual in the country.
Wipro chairman Azim Premji on Thursday called on Prime Minister Narendra Modi.
