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.
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.
Aim is to drive accountability and bring the organisation closer to the client.
A group of prominent personalities, including industrialists Azim Premji, Keshub Mahindra and Deepak Parekh, have expressed concern over a series of scams leading to 'governance deficit', but said that national challenges like fighting corruption cannot be solved by urban protests and posturing.
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.
T K has been an integral part of the organisation's leadership for years, says Azim Premji.
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.
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.
"I cannot agree with any statement which says that there is lack of governance. I cannot agree with that perception at all," Information and Broadcasting Minister Ambika Soni told reporters.
Fascinating stories of how 30 famous companies got their names.
"The group expressed belief that philanthropy and social service are integral to the development of any society. The meeting was focused on sharing ideas on philanthropy and not about any pledges. It discussed social work in areas like education, health, water and agriculture," stated the Azim Premji Foundation, the not-for-profit organisation run by Premji.
"...Chief Executive Officer and Managing Director Abidali Z Neemuchwala has decided to step down due to family commitments," the BSE filing said. The board of directors has also initiated a search to identify the next chief executive officer, it added.
The committee is considering 1,300 names for this year's awards from which it is likely to select 120.
A group of prominent personalities, including industrialists Azim Premji, Keshub Mahindra and Deepak Parekh, have expressed concern over a series of scams leading to 'governance deficit'.
The growth target of 9 per cent is, in fact, not sustainable in the long run, Stiglitz said during a public lecture on 'Globalisation, Development and Inequality' organised by the Azim Premji University and Institute for New Economic Thinking in Bengaluru.
Sources in the company said the company had already started appraisals to give the hike from October. The Azim Premji-owned company -- which also has interests in consumer care, lighting and engineering equipment -- usually gives salary hikes to its offshore employees in October and onsite employees in January.
To start with, the foundation is coming up with two schools in Noida and Gurgaon.
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.
Cognizant derived 41 per cent of its revenues from financial services.
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.
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.
Total number of billionaires, this year, has increased to a record 1,210 from 1,011 last year. Though America has the 33 per cent of the mega-rich, Asia-Pacific region has surged forward and overtook Europe for the first time.
Incidentally, the shareholders' approval for Shravin Mittal's appointment with an annual salary of up to Euro 250,000 (nearly Rs 1.50 crore), came on the same day (September one) when Wipro promoted chairman Azim Premji's son Rishad as chief strategy officer. Shravin would be a staff member in Bharti Airtel International (Netherlands) BV, or BAIN.
The recovery now under way is likely to be broad-based, stretching across geographies, businesses and verticals, according to Wipro chairman Azim Premji, who is the industry doyen.
At Rs 20,000 crore (Rs 200 billion), e-commerce has seen one of the fastest rates of growth in investment activity this year.
Reliance Industries' Mukesh Ambani, IT honchos Azim Premji and S Ramadorai and Chairmen of oil PSUs will accompany Prime Minister Manmohan Singh on his maiden visit to Saudi Arabia from February 27 when the two countries will ink nine pacts.
The company plans to set up a new IT park near Kolkata and recently the company's Chairman, Azim Premji, had signed an agreement with the state government to acquire additional land.
PGDIE, NITIE, Mumbai, invites students and working professionals for Lakshya, a corporate and B-school students' event.
In a step towards complying with the new shareholding norms on promoter holdings, the Azim Premji Foundation said it would sell 35 million shares of Wipro through an auction route, opening on Wednesday.
Leading industrialists met with Prime Minister Manmohan Singh (not in picture) in New Delhi on Thursday to discuss the general state of the Indian economy and other industry-related matters.
In April 2008, Wipro's technology business saw one of its biggest churns in the wake of the appointment of Girish Paranjpe and Suresh Vaswani as joint CEOs under an experimental management structure devised by Chairman Azim Premji.
Among Indian IT outsourcing companies, Wipro is the first company to give a flat to 2 per cent growth expectation for the July-September 2009 (third) quarter. Joint CEOs Girish Paranjpe and Suresh Vaswani spoke to Bibhu Ranjan Mishra on the company's growth path.
Radhakishan S Damani, investor and promoter of the D-Mart supermarket chain, has broken into the elite club of the top 100 global billionaires. Damani, who grew up in a single-room apartment in Mumbai, is now ranked 98th on the Bloomberg Billionaires Index with $19.2 billion as his net worth. The index is a daily ranking of the world's richest people. The other Indians on the top 100 rich list ahead of Damani are Mukesh Ambani, Gautam Adani, Azim Premji, Shiv Nadar, and Lakshmi Mittal.
The investors, which include ICICI Venture, Azim Premji and ICICI Prudential, say that they do not hold more than 38 per cent in the retail company and do not have the requisite shareholding to amend the articles. ICICI Venture, which alone holds 23 per cent stake in Subhiksha, had earlier rubbished claims made by Subramanian that the private equity company 'controls' Subhiksha by virtue of its right to appoint a majority of the directors in the company.
Wipro, the software to vanaspati maker, has effected key management changes to drive the company in the next phase of growth.
Software major Infosys on Thursday committed Rs 1,250 crore (Rs 12.5 billion) to expand operations in Chennai.
It is understood that the company is hiring more local people in overseas markets for front-end sales and support roles. It is having more locals as client managers in key areas like the US and Europe.
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