Azim Premji and his family gave away Rs 7,904 crore (Rs 79.04 billion) in philanthropy, up 1,645 per cent!!! over the previous year.
Stating that GST council meetings have become "almost toxic" with the erosion of trust between the Centre and states, West Bengal minister Amit Mitra on Wednesday urged Union Finance Minister Nirmala Sitharaman to consider a "course correction" to rebuild faith. In a letter to Sitharaman, the state's finance minister also claimed that the central government comes to GST council meetings with a "predetermined conclusion". Mitra on June 13 alleged that his voice was "muzzled" during the GST Council meeting on that day and his opposition to levy taxes on Covid essentials like vaccines, masks, PPE kits and anti-viral drug Remdesivir, was not heard.
The Microsoft chief's comments come in the wake of Bill Gates' call for levying taxes on robots that take away jobs from people.
Infy to cast wide net in CEO search, may go back to 'alumni'
The founders, who hold 12.75 per cent stake in Infosys, together with a dozen leading institutional investors with a cumulative stake of about 10 per cent forced the Infosys board to bring back Nilekani.
The protocol aims to "democratise" lending, reduce costs of credit, and ensure accessibility of credit to small companies and street vendors, according to Nandan Nilekani.
The I-T department issued a circular allowing manual filing of Form 15CA/15CB (required for foreign remittances) with banks till June 30, so that business transactions may go on. The forms will be uploaded online on the e-filing portal later, it added.
Their investments in start-ups exceed Rs 1,000 crore at present.
Nilekani said new-age technology markets work on a winner-takes-all basis.
I would prefer a government that is stable and progressive, a government that takes quick decisions, a government that is much more oriented towards creating jobs, and one that attracts a lot of foreign investments, says N R Narayana Murthy.
Terming the Satyam debacle as a 'black-eye',co-chairman of the country's second largest software firm, Infosys, Nandan Nilekani said on Thursday that is a setback to India's flagship IT sector. Talking about the fallout of the incident, Nilekani said, "Investors who have been shocked by this episode will obviously look for company numbers. We believe that the more data you share with the investors the better it is."
Going by the current pace, UIDAI seems unlikely to meet the target of issuing a million Aadhaar numbers a day to cover half the country by 2013.
'No matter the deep polarisation as evidenced in different media, there is a deeply ingrained culture of tolerance and openness. This is exactly the idea of India we are fighting for in this election.' Rohini Nilekani, whose husband Nandan Nilekani -- co-founder, Infosys, and former Chairman, Unique Identity Authority of India -- is contesting the Lok Sabha election from the Bangalore South constituency on a Congress Party ticket, on her experiences on the campaign trail.
The annual meet also saw some shareholders of the country's second largest IT services company raising concerns over falling operating margins. But many congratulated the management for delivering good FY20 performance despite the tough economic conditions.
IT company Infosys on Monday said it will prefer a flexible "hybrid" work model going ahead in view of uncertainty around the pandemic situation and allow employees work from home or office depending on the condition. At a conference held virtually, Infosys CEO and managing director Salil Parekh said the company has built a flexible model to facilitate work from home but it is now time to start working on building "social capital". Parekh said that going forward the company will focus on putting in place a hybrid work model as it will depend on how the situation evolves.
Nandan Nilekani's wife Rohini and Ananth Kumar's wife Tejaswini add a new dimension to the tough race for South Bangalore. Rediff.com's Vicky Nanjappa joins the two on the campaign trail.
Infosys Ltd co-founder Nandan Nilekani has joined the Congress party and will contest Lok Sabha polls from Bangalore South.
Will Nandan Nilekani actually fight the elections? While the I-T czar says the question is speculative, here's our list of 10 eminent business leaders who should get on the stump.
Infosys said it is also "aware of a securities class action lawsuit" that has been filed against the company in a federal court in the US, based on the generalised allegations in the anonymous complaints. The company intends to defend itself vigorously in such a lawsuit.
In Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution.
From filing 37 returns a year when the Goods and Sales Tax was first introduced in July last year, the process has undergone major changes as the GST Council considered and implemented various models to ease the pain for assessees. Here's a recap of how the process has changed in 10 months.
The company said the committee, headed by independent director D Sundaram and assisted by independent legal counsel Shardul Amarchand Mangaldas & Co, and PricewaterhouseCoopers, found that the "allegations are substantially without merit".
It is widely believed that Nandan Nilekani's meeting with Prime Minister Narendra Modi saved the ambitious Aadhaar project from oblivion or a takeover by the home ministry.
He also made an appeal not to 'overblow' the issue of data breach.
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
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.
The government must be the initial driver.
Noting that Aadhaar was an 'irreversible process', Unique Identification Authority of India Chairman Nandan Nilekani said on Friday they have targeted to enroll 60 crore (600 million) people by 2014.
Nandan Nilekani, Gokul Rajaram at top two spots in value terms
According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.
Infosys' first non-founder CEO had been granted 232,329 RSUs at Rs 5 a unit.
The book, 'India Can', has received praises from top business leaders including Deepak Parekh and Nandan Nilekani.
The tax portal problem is a goof-up by both sides, and making Infosys the only villain in the story is quite unfair, argues Shyamal Majumdar.
The UIDAI chairman said people have started relaising the benefits of aadhaar numbers and how it could help them in multiple ways -- from opening a bank account to avail the benefits of various social welfare schemes.
Nandan Nilekani, the chairperson of Unique Identification Authority of India and former Infosys CEO, has said that activist Anna Hazare's protest was unjustified when the Lokpal Bill was before Parliament for consideration.
The time is ripe to accede to the founders' plea to declassify them as promoters.
Infosys and its CEO Nandan Nilekani are both working towards becoming global brands.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
The settlement with Sebi was seen as Infosys admitting guilt of the lapse, clearing out any legal or regulatory challenges and preparing ground for new chief executive officer Salil Parekh.
The Unique Identification Authority of India (UIDAI) set up recently by the government, will establish an online data base with identity and biometric details of Indian residence and provide enrolment and verification services across the country.
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