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.
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 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.
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.
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.
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
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.
The government must be the initial driver.
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, Gokul Rajaram at top two spots in value terms
He also made an appeal not to 'overblow' the issue of data breach.
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".
The book, 'India Can', has received praises from top business leaders including Deepak Parekh and Nandan Nilekani.
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.
Infosys and its CEO Nandan Nilekani are both working towards becoming global brands.
Infosys' first non-founder CEO had been granted 232,329 RSUs at Rs 5 a unit.
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.
It is now looking at a solution from the Unique Identification Authority of India for ensuring accurate identification of the beneficiaries of its low-cost services.
The time is ripe to accede to the founders' plea to declassify them as promoters.
With the first phase of Unique Identification Authority of India aiming to enrol 600 million residents of the country into its database in next four years and its possible use in improving the Public Distribution System, UIDAI chairman Nandan Nilekani on Friday said the journey will be 'long' and 'tough'.
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.
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.
Speaking at a function to release 'Annual Status of Education Report' of NGO Pratham, Nilekani said that UIDAI wants to use technology for better delivery in education.
Infosys co-founders N R Narayana Murthy and Nandan Nilekani along with their family members on Monday sold shares worth Rs 6,484 crore in the country's second largest software services firm.
The recently established Unique Identification Authority of India has got its official address and is likely to move in soon from its temporary office in the Planning Commission.
Registrars would be appointed who would see the preparations and the implementation of the scheme for the cards at State level.
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
At least 2,00,000 traders encountered difficulties in August, September, and October since there was no editing facility in summary return filing.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
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."
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.
Aadhaar is something that had never been done by any government before, not even in a rich country
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
Nandan Nilekani exits for a high-profile govt job, but two low-profile founders have built successful careers after quitting.
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.
S D Shibulal, former chief executive and managing director of Infosys, has joined the ranks of the company's other founders in nurturing start-ups.
Stating that India has some brands that have already well established, Nadella said there was stunning cross section of starts ups in the country.
