The Microsoft chief's comments come in the wake of Bill Gates' call for levying taxes on robots that take away jobs from people.
Nadella said he is surprised by the number of government bodies that have adopted Microsoft's cloud services
Microsoft started discussing the deal in February, Satya Nadella said, adding that the acquisition is about the next phase of growth for the company.
With the emergence of cloud computing, Microsoft has a real opportunity in India.
World Bank president Ajay Banga is among the Indians who have made it to the prestigious Times's list of 100 most influential people in the world released on Wednesday. Time's profile of the former Mastercard CEO, written by US Treasury Secretary Janet Yellen, said, "It's not easy to find a leader with the skill and drive to take on the monumental task of transforming an essential institution, but since becoming World Bank president last June, Ajay Banga has done just that." She said Banga comes to the World Bank after leading a global organisation through which he brought millions of unbanked people into the digital economy.
Parents, relatives and friends of Hyderabad-born Satya Nadella are elated after the news of his elevation as Microsoft's CEO broke on Tuesday evening, even as neighbours gathered at Nadella's posh Banjara Hills residence in Hyderabad to congratulate his parents.
This next phase of globalisation needs to deliver economic growth so that it is equitable: Nadella.
'We are looking at the next target which is to be a $1 billion ARR firm in the next 4-5 years.'
As Satya Nadella takes over as CEO of technology giant Microsoft, it is a thrilling moment for people of Indian origin in America.
If Nadella wins the day, as expected, it will be for his innovative work on Microsoft's growing server and tools business, which provides online computing and storage for companies, said a source briefed on the search process.
His appointment has helped spur Microsoft shares to $40-plus levels.
Microsoft would announce availability of its cloud services operating out of India's data centers.
"We can celebrate technology, but if it doesn't truly empower every Indian and every Indian organisation to achieve more...we would have achieved nothing," the Microsoft CEO said in Mumbai.
He advised the youth that they should fall in love with what they do. "Then it doesn't feel like work!"
Institute recalls them as fairly average in their batch of 1989 while students attribute success stories to the environment here.
"Satya Nadella is a perfect example of how appropriate, thoughtful immigration reform can benefit both our free-market democracies, says Ron Somers, president of the US-India Business Council.
Microsoft chief Satya Nadella said the tech giant will fund hundreds of new generation entrepreneurs in India's 'smart cities' space and is overwhelmed by the start-up culture in the country, especially in e-commerce.
Cricket-loving Satya Nadella will get a base annual salary of $1.2 million as new CEO of Microsoft, but his overall package after taking into account bonus and stock awards may reach $ 18 million (Rs 112 crore) a year besides various other perks.
Microsoft Corp is betting a mix of old and young blood will revive the aging technology pioneer, but new Chief Executive Officer Satya Nadella may find it tough to push change with co-founder Bill Gates and former CEO Steve Ballmer breathing down his neck.
Chandrababu Naidu's victory comes barely eight months after his political career seemingly crashed in September 2023 when the YSRCP government arrested him in an alleged corruption case.
'On the ground, Jai would never swipe or slog or do anything ugly with a cricket bat.' A Joseph Antony salutes the memory of M L Jaisimha, one of the most stylish batsmen to play cricket for India.
Microsoft on Tuesday said it will offer commercial cloud services from local data centres in India by 2015 as the tech giant gears for competition for the estimated $2 trillion domestic market opportunity from rival firms like Google and IBM.
Wall Street might have been lukewarm to Satya Nadella's appointment as the chief executive officer of Microsoft but in India the development has revived the fortunes of Manipal University, his alma mater.
Altman said he was "looking forward" to returning to his previous role at the AI firm.
Bukkapuram Nadella Yugandhar's 'formidable legacy will survive through a generation of civil servants whom he trained, nurtured, mentored and inspired with a rare combination of energy, enthusiasm and passion,' says former RBI govenor Dr Duvvuri Subbarao.
In the US and elsewhere, Microsoft employees view their new CEO as 'a performer, a doer' who will change things for the better. Ritu Jha and P Rajendran report.
Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th.
The list was topped by Oracle's Larry Ellison last year.
Technology giant Microsoft is likely to name Indian-American top executive Satya Nadella to replace longtime chief Steve Ballmer as the new Chief Executive Officer, capping a five-month search for the only third CEO in the company's history.
Microsoft will lay off 10,000 workers, about five per cent of its total workforce, its CEO Satya Nadella announced on Wednesday, terming it a hard choice that the tech giant had to make to remain a "consequential company" amid global economic uncertainties. Microsoft is the latest company after Facebook and Amazon to cut jobs as the bloodbath continues in the technology sector in 2023. Describing the current times as "significant change", Indian-origin Nadella said customers who accelerated their digital spend during the Covid-19 pandemic, are now optimising their digital spend to do more with less.
In the biggest management reshuffle at Microsoft Corp since Satya Nadella took over as its chief executive, two top executives, Tony Bates and Tami Reller, will leave the company while a former Clinton family aide will become its chief strategy officer, according to media reports.
It was a common perception in the US that Indians didn't know how to lead a company or delegate authority.
America Inc tells Aziz Haniffa that Microsoft's new CEO validates what business leaders have long known - 'We need more Satyas travelling to the US'.
Microsoft Corp's new Chief Executive Officer, Satya Nadella, finally unveiled Office for Apple Inc's iPad in a polished debut.
Vicky Nanjappa speaks to the new Microsoft CEO's classmates in Manipal and Hyderabad to discover an inquisitive student who still attends the school reunion.
'The leadership values I learnt while playing cricket in India helped me compete vigorously in the face of uncertainty -- putting the team first and bringing out the best in everybody.'
'That an Indian can lead the world's top software company is an important milestone for Indian Americans and for America. But the larger message is for India itself: Imagine what Indians can achieve at home if they put their differences aside and start helping one another,' says Vivek Wadhwa.
Sramana Mitra, the founder of One Million by One Million, a virtual incubator that aims to help one million entrepreneurs globally cross $1 million in revenue, has seen many companies go through the early growth phase.
Executive Satya Nadella appears most likely to be named Microsoft's new CEO but the name of another India-born technology executive is doing the rounds as a candidate for the top job, a report said.
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