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.
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.
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.
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.
Sound values not only helped individuals and businesses become successful but also made success itself worthwhile, Wipro Chairman Azim Premji said on Saturday.
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.
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 has projected IT software and IT-enabled services exports to touch $19-20 billion this fiscal.
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.
Markets regulator approves proposal to transfer promoter holding in excess of 75% to irrevocable independent trust.
Rishad, who joined the company in July 2007, is currently chief strategy officer of the Bengaluru-based company.
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.
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).
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.
'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
Wipro has not been able to take similar strides in the health and financial sector as the competition has done, Azim Premji said.
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.
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.
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.
Wipro Chairman Azim Premji is amongst Fortune magazine's list of 25 most powerful business leaders outside the United States.
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
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.
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.
The chairman of Wipro Azim Premji would ring the Closing Bell at the New York Stock Exchange on Friday.
Premji said that the country was very innovative with fundamental R&D in the solar energy space, and not just a copycat.
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.
Premji said more than policy initiatives, the government should systematically execute on issues which are part of the existing policy.
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.
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 combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
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