United States Secretary of State Hillary Clinton on Saturday had a breakfast meeting with top honchos of India Inc at the iconic, sea-facing Taj Hotel in Mumbai. Amongst those from India Inc who were present at the meeting included Ratan Tata, chairman of Tata Group and Reliance Industries' Mukesh Ambani. Others present were the chiefs of India's two largest banks, O P Bhatt of State Bank and Chanda Kochhar of ICICI Bank, Swati Piramal and Sudha Murthy.
Nandan Nilekani exits for a high-profile govt job, but two low-profile founders have built successful careers after quitting.
Within days of his appointment as International Advisor on Information Technology to Sri Lankan President Mahinda Rajapaksa, IT czar N R Narayana Murthy on Wednesday quit from the post citing personal reasons.
"Change in Indian sport will only happen if mandated. A law is necessary in India. A good step by @IndiaSports & @vijaygoelbjp to suspend IOA," he further tweeted.
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In the past one week alone, Rajasthan, Madhya Pradesh, Chhattisgarh, and Andhra Pradesh have issued orders to take over private hospitals in some districts. Sohini Das, Vinay Umarji and Gireesh Babu report.
While some are raising questions over the company's ability to regain its position as the sector bellwether, others believe problems at the company may be "much bigger than anticipated".
Amidst the outrage among certain Satyam employees to Infosys Co-Chairman and Chief Mentor N R Narayana Murthy's statement last week that Infosys would not recruit employees from the disgraced IT firm based in Hyderabad, top Infosys executives on Tuesday stood by their stand. They also couched their views on the Satyam scam in decidedly softer terms. Infosys said that the accounting scandal at Satyam did not call into question the competence of its (Satyam) employees.
Infosys made this position clear, a day after its chairman and chief mentor N R Narayana Murthy reiterated that his company would not act on any CVs received from Satyam employees to ensure that nothing is done that would adversely impact the Hyderabad-based firm's future.
Providing an opportunity for the students to be with the country's renowned business personalities, the Hyderabad-based ISB has come up with the 'Shadow the CEO' programme, where one can bid for a person of their choice.
ISB has introduced this concept, christened "Shadow a CEO", to mobilise funds for charity and allow its students to work with the Who's Who of India Inc for a day. Some 16 CEOs have agreed to participate. "We not only want to put the money generated for benefit of the society, but also let our students experience the joy of operating with a CEO for a day," said Ajit Rangnekar, Dean of ISB.
'Our government's claim that there are no undetected cases of infection that happened within our bustling cities because of exposure to infected international travellers are not credible,' notes Rahul Jacob.
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).
Pavin Rao, a 28-year company veteran, to be second-in-command at Infosys.
Rahul is fascinated by history and ancient texts
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
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World Health Day is just round the corner. On this occasion renowned cardiac surgeon and Chairman of Narayana Hrudayalaya Dr. Devi Prasad Shetty spoke to rediff.com's Vicky Nanjappa and said that the biggest concerns in the health care sector in India is still the affordability factor and lawareness.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
Within the IT industry, reactions to Barack Obama's historic victory have not been as pessimistic as expected. IT firms have been worried because Obama, as Senator, introduced the Patriot Employer Act of 2007 that gave tax credits for companies that maintain or increase the number of full-time workers in America relative to those outside the US.
The then disqualified Congress-JDS MLAs who had shifted loyalty to the BJP and won the December by-elections, were sworn-in at a simple ceremony at Raj Bhavan with Governor Vajubhai Vala admistering oath of office and secrecy.
Rahul Gandhi on Tuesday launched a scathing attack on the government on the issue of intolerance telling it not to learn the "wrong lessons" from the Pakistan.
Other noted personalities to be bestowed with the Padma Vibhushan include noted playback singer Asha Bhosle, chess wizard Vishwanathan Anand, mountainer Edmund Hillary and industrialists Ratan Naval Tata, Infosys mentor N R Narayana Murthy, steel tycoon Lakshmi Narayan Mittal and hotelier P R S Oberoi.
Nilekani, 54, is already credited with repainting India's image globally and will now head an authority that will create a unique electronic database of the country's citizens -- a project that many see as key to plugging loopholes in implementation of welfare schemes. As chairperson of the country's Unique Identification Authority, Nilekani would enjoy the rank of Cabinet minister.
Infosys Chairman Narayan Murthy equated the present economic crisis in the US to the Great Depression. "The present crisis in the US reminds me of the 1929 depression. More signals are emanating of the 1929 depression than the 70s' one. I have a suspicion that it (the present crisis) could be a longer one," he said. A recovery from the present crisis may take longer than 18 months, he said.
Infosys was the worst performer among the bluechips on both the key indices.
Murthy said he was anguished by the allegations, tone and tenor of statements made by the Infosys board.
This time an anonymous whistleblower made an appeal to market regulator Sebi to probe an agreement made by the tech giant with some of its ex-directors.
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.
Nilekani is an organised person and his strength is simplification of complex ideas, said Murthy.
The Communist Party of India announced alliance with main opposition Telugu Desam Party for assembly elections in Andhra Pradesh scheduled to be held early next year saying the main objective of such a tie-up is to defeat ruling Congress.
The weatherman has predicted rainfall throughout the day with the mercury settling at 19C.
On the second day of the summit, Indian vendors discussed ways to tackle the financial crisis head-on with innovation being the focal point. Most believed that there is enough opportunity within the country for the industry.
Wage hikes and rupee depreciation may affect the business.
A look at star arrivals.
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Our readers from across India have shared their mesmerizing travel pics.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
Lok Sabha proceedings were adjourned on Monday amid protests by Opposition members, over the issue of Kerala CM Chandy being reportedly asked not to attend a function.
