Azim Premji, chairman of IT major Wipro, was conferred the highest French civilian honour for his outstanding contribution to developing the information technology industry in India, his economic outreach in France, and his laudable contribution to society as a philanthropist through the Azim Premji Foundation and Azim Premji University
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.
In what is seen by many as a succession plan, Rishad Premji, eldest son of Wipro Ltd chairman Azim Premji, has joined the IT and FMCG major as a business development manager in a low-profile entry.
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.
'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.'
Digital, cloud, engineering services, and cybersecurity will drive Wipro's growth. 'Based on approval from the board, we have decided to step up our investments significantly in these four big bets,' Premji said in his last address as executive chairman.
The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers.
The Azim Premji Foundation, a not-for-profit organisation under whose aegis it is being set up, said on Wednesday the university would launch three courses in the first year of operation, to begin this July.
IT czar Azim Premji has given away almost half of his stakeholding in Wipro, India's third largest exporter of software services, to philanthropy.
To have at least one demonstration school in every district.
Premji met Chief Minister Prithviraj Chavan and expressed his intentions to work with the state government in this regard.
'This election was won because of Nitish Kumar's face and his policies.'
Wipro said on Thursday that Azim Premji's son Rishad, chief strategy officer and member of the board, will take over as the executive chairman. Azim Premji, however, will continue to serve on the board as non-executive director and founder chairman.
Wipro founder chairman Azim Premji on Monday said the pandemic has been a "magnifying glass" for structural inequities and injustices that exclude millions of citizens from a life of basic dignity, and has made clear the fundamental role of public systems.
The business tycoon, who is also the Chairman of Azim Premji Foundation, has donated 8.7 per cent of the total stock of Wipro from his personal stock-holding for philanthropy in 2010.
The Azim Premji Foundation has emerged as a major player in school education across the country.
Azim Premji that the company is looking at fiscal 2009 with cautious optimism, given the rapidly changing market situation which has a bearing on its immediate business dynamics. Wipro is also bullish on its India and Middle East geographies to deliver turbocharged growth riding on the investments in these markets. Girish Paranjpe said most of its clients are expected to spend more on IT in the second half of the current calendar year compared to the first one.
Wipro Limited Chairman Azim Premji on Wednesday made a veiled criticism on the Karnataka government's failure to develop the state's infrastructure but sought to steer clear of making any controversial statement.
He is understood to have been promoted as a vice president,while he would continue in his present role as chief strategy officer.
The Day in Politics: Featuring Dr Singh, Messrs Kejriwal and Sisodia and Mamatadi.
PremjiInvest has invested close to $20 million in the hospital chain in the last three years.
Wipro chairman Azim Premji on Thursday stressed that organisations focused on quality should tune their systems and processes towards achieving the objective as any inconsistency could result in failure.
Wipro chief Azim Premji has asked the Karnataka government to raise professional tax levied on employees in the sector and review the move to hike the tax on IT products and services.
Family office basically caters to the investment - financial and non-financial - needs of a family and its members.
Wipro Chairman Azim Premji on Wednesday defended the United States' moves to fingerprint and photograph foreign nationals entering the country.
In the second half of July this year, when Rishad Premji, the eldest son of Wipro Chairman Azim Premji, joins the company as a business manager, Pratik Kumar, executive vice president-HR will have a tough time.
An analyst who participated in the call, on the condition of anonymity, quoted Premji as saying, "The government has to act now; there is a need for regulatory changes.
Azim Premji, Wipro chairman-cum-managing director, has been conferred with Sir Jehangir Ghandy medal for his outstanding contribution to industrial and social peace.
Wipro chairman Azim Premzi' son will soon join the country's third largest software exporter.
Bengaluru-headquartered Wipro has decided to elevate Chairman Azim Premji's elder son Rishad as the chief strategy officer (CSO) of its information technology (IT) business from January 1, 2011.
According to lawyers familiar with the development, Premji is yet to reply to the notice. Subramanian neither responded to phone calls nor messages sent to him.
Clearly part of the grooming of Harvard-educated Rishad Premji, the group appointed the elder son of chairman Azim Premji as chief strategy officer for its flagship IT business.
The turmoil in the financial market is likely to spell good news for the Indian outsourcing companies, as the downturn will compel multinationals to seek further economies for sustenance in these tough times, Wipro Technologies founder Azim Premji has said.
Wipro Corporation Chairman Azim Premji on Monday warned the business community to be prepared to face more shocks similar to the September 11 terrorist attacks in the US.
HealthCare Global, an oncology care hospital chain, has received a funding of $20 million from PremjiInvest, a private equity fund sponsored by Azim Premji. With this funding, PremjiInvest has bought a "significant minority stake" in HCG. This is the third round of funding the hospital has received after it initially received Rs 50 crore from IDFC Private Equity and the second funding of Rs 10 crore from Evolvence.
Despite challenges from China, the Philippines and Eastern Europe, India still has an overwhelming advantage in IT offshoring, according to Wipro chairman Azim Premji.
An MBA from Harvard Business School with work experiences in global firms like Bain Consulting and GE, Rishad joined Wipro in July 2007 as a business manager in the banking and finance division.
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