Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was quoted as saying on Friday. "Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
He also said automation, machine-learning, artificial intelligence and bots are happening, both in the software and business process outsourcing sector
Nilekani noted that India is hardly doing USD 10-15 billion worth of e-commerce transactions a year and that's going to grow in 4-5 years to anywhere between USD 60 and 100 billion.
Nandan M Nilekani, who was appointed as head of Unique Identification Authority of India (UIAI), on Monday said the government would take steps to end ID card duplication leading to fraud and create a network of verification and authentication.
The gap between operation and inspiration created by the premature exit of Infosys Technologies' key founder, Nandan Mohan Nilekani, is being filled by his colleagues.
At least 2,00,000 traders encountered difficulties in August, September, and October since there was no editing facility in summary return filing.
Leander Paes made a return while Yuki Bhambri was left out of a five-member Indian squad picked for the Davis Cup World Group first round tie against Russia in Moscow from March 5-7.
Nandan Nilekani is stepping down to take up a bigger cause -- heading a government project to provide a unique identity to each of India's citizens. S Gopalakrishnan, the CEO and MD of Infosys and a co-founder of the company, tells Bibhu Ranjan Mishra what Nilekani's exit means for the company.
Speaking to reporters after signing up with Sistema Shyam Teleservices (which offers phone services under the 'MTS' brand) to offer e-recharge services at 50 post offices here, Chennai City Region post master general M S Ramanujan said DoP has over 1,50,000 points of presence and about 25,000 offices across the country, a majority of which are located in the rural parts of the country.
At least 60 crore people would get their Unique Identification Numbers (UIDs), a much-touted initiative of the government, in the next 4-5 years, its project chief Nandan Nilekani said.
The department of telecom will meet UIDAI chairman Nandan Nilekani on Sept 24 to discuss how the database of nearly 500 million telephone subscribers can be used for issuing the unique identification number.
Nearly two months into his new job as the head of the Unique Identification Authority of India, Nandan Nilekani says the real beneficiary of the project will be the poor who have no identity at present.He is in a hurry because "the next 12-18 months are very critical in getting this project off the ground," by when the first set of identity numbers will be issued. If all goes well, five years from now the UID data base will cover a few hundred million people.
The Unique ID card project, headed by Nandan Nilekani, is drawing interest from across the world because of the sheer scale of the project.
As the demand and costs for computing power soar, a core team at Infosys is undertaking a series of green IT initiatives that could help in raising the bar for green IT practices in the country.
IITians need to play a larger role in nation building and contribute to society. This could vary from mentorship, creation of jobs and broader wealth creation, said Nandan Nilekani, co-chairman and co-founder of Infosys Technologies Ltd, during the weekend.
Speaking after inaugurating a three-day annual convention and conference of Indian Institute of Architects in Bangalore, Nilekani said the new method would help reduce corruption, and enable drawing up of digital database of cities. He stressed the need for energy-efficient and sustainable buildings, and 'climate adaptation' in design.
highlights of the Supreme Court judgment in which it unanimously granted the entire 2.77 acre of the disputed Ram Janambhoomi-Babri masjid land in Ayodhya to deity Ram Lalla.
Infosys CEO S Kris Gopalakrishnan on Wednesday said that the IT major was looking at acquisitions in various geographies and has earmarked $450-500 million for the purpose.
He sports a French-cut beard, perhaps to look older than he is. But Kini is all of 22 years and has worked with Dan Reed on Terror in Mumbai the much-talked-about documentary on the 26/11 attacks in Mumbai.
The first set of unique identification numbers will be issued to the citizens within 12-18 months, high-profile IT expert Nandan Nilekani said soon after taking over as the head of the newly-created Unique Identification Database Authority of India (IDAI) on Thursday.
The event took off with an introductory speech by Dr Ajit Ranade appreciating the achievements of IIT Bombay. Among the other speakers were Dr Anil Kakodkar, chairman of the board of governors, IIT-B, Infosys chief Nandan Nilekani and Prof. R K Shevgaonkar, deputy director of finance and external affairs and the co-chairman of the IITBAA.
Air India has deployed a B787 Dreamliner aircraft for the Delhi-Moscow-Delhi sector and offered attractive promotional fares.
"India's GDP is likely to grow at (an) average 12 per cent in nominal terms. Hence, India will be a $2-trillion economy by 2014-15," Enam Securities head-research, Nandan Chakraborty, and economist Sachchidanand Shukla said in a report titled 'India Strategy' released on Monday.
Nilekani, who has been appointed by Prime Minister Manmohan Singh to head the National Authority for Unique Identity, has been in the news for providing a unique identification number to all Indians.
Indian telecom czar Sunil Mittal and NRI businessman Anil Agarwal are among the four Indians featuring in the list of '48 Heroes of Philanthropy' compiled by business publication Forbes.
This time also, Dr Singh will thank Japan for keeping silent and going along with the consensus at the Nuclear Suppliers Group meeting that relaxed its guidelines to allow India to enter the global nuclear energy trade. In recent years, Japan and India's relations have been either cordial or warm except for two years, from 1998 to 2000, after India tested its nuclear weapons
Leading the ambitious Unique Identification Database project, Nandan Nilekani, former Infosys co-chairman, is keen to take the "best people" from the government and outside in his core team.
Nandan Nilekani, who has been appointed as head of the Unique Identification Authority, said he would ensure there is no conflict between his present role and the interests of Infosys Technologies.
Nandan Nilekani will have the responsibility to lay down plans and policies to implement the Unique Identity card scheme and shall own and operate the UID database. The authority was notified on January 28 this year as an attached office under the aegis of the Planning Commission with an initial core team of 115 officials and staff. The scheme will be implemented in three years.
ShopX offers a wide range of products like clothes, electronics, furniture and services such as direct-to-home and mobile recharges.
The first batch of the Unique Identification number is expected to be ready by 2010 end, chairman of the national project Nandan Nilekani said.
'Firms such as Infosys, were started by people without instantly recognisable surnames. Our success motivated numerous new entrepreneurs,' writes Nandan Nilekani in his book Imagining India.
With the Rs 7,800-crore (Rs 78 billion) fraud at Satyam Computer leaving India's IT sector gasping for breath, Infosys chairman Nandan Nilekani sees the fiasco as a blessing in disguise, as it will make authorities enforce better regulations and auditing mechanisms for the industry.
I think instead of waiting for leaders, each of us can resolve to be a leader in his or her own right, in whatever area we chose to do.
Nandan Nilekani, chairman of the Unique Identification Authority of India, is the latest to join a host of politicians taking to austerity and is likely to shift to the modest Karnataka Bhavan here from a 5-star hotel.
Nilekani said the issue has been blown out of proportion as Aadhaar have built far too many security layers and it is not possible to randomly pore it.
Rajat Sharma beat Madan Lal by 517 votes to become the new president of Delhi and Districts Cricket Association.
IT major Infosys' top brass, including its directors and senior-most management personnel, got a hefty collective hike of over Rs 10 crore (Rs 100 million) in their pay packets during the last fiscal, with chief financial officer V Balakrishnan leading the tally with a hike of Rs 1.73 crore (Rs 17.3 million).
The UID will be used just for verifying someone's identity. It would be a 'yes', 'no' kind of an exercise. If someone's identity needs to be verified, only then these numbers will come in handy, says the UIDAI boss.
But the regulator has dropped the proposal of asking flyers to maintain 30 seconds of silence.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances