In addition to committing $2 billion to his own foundation, the Azim Premji Foundation, the billionaire has become the first Indian to sign up for the Giving Pledge run by Warren Buffet and Bill Gates.
India's third-largest software services exporter, Wipro said quarterly profit rose 11 per cent from a year earlier, in line with analysts' estimates, after an increase in orders boosted earnings.
Wipro is poised for double-digit growth in the coming years as the US market is recovering and consumer spending improving, Chairman Azim Premji said.
Mamata Banerjee government was principally opposed to granting SEZ status to any such units willing to come to the state
We bring you inspirational excerpts from some of the most powerful and inspiring graduation speeches by the likes of Larry Page, Steve Jobs, Azim Premji and Shah Rukh Khan.
The growth target of 9 per cent is, in fact, not sustainable in the long run, Stiglitz said during a public lecture on 'Globalisation, Development and Inequality' organised by the Azim Premji University and Institute for New Economic Thinking in Bengaluru.
An analyst who participated in the call, on the condition of anonymity, quoted Premji as saying, "The government has to act now; there is a need for regulatory changes.
"The group expressed belief that philanthropy and social service are integral to the development of any society. The meeting was focused on sharing ideas on philanthropy and not about any pledges. It discussed social work in areas like education, health, water and agriculture," stated the Azim Premji Foundation, the not-for-profit organisation run by Premji.
Demerger to cut Premji holding by 2.7 per cent, investors to get 12 per cent more for their shares.
"I cannot agree with any statement which says that there is lack of governance. I cannot agree with that perception at all," Information and Broadcasting Minister Ambika Soni told reporters.
US hedge fund Tiger Global and Japanese investment giant SoftBank have trimmed their investments in Indian start-ups by over a third - from $3.8 billion in the second half of 2021 to a mere $1.08 billion in H1 2022, according to data from Venture Intelligence. While SoftBank's investments in India dropped from $1.9 billion in H2 2021 by more than a fifth to only $0.33 billion in H1 2022, that of Tiger Global fell from $1.92 to $0.74 billion in the same period. Private equity (PE) fund trackers point out that this year most of the deals that Tiger Global has invested in are in the early stage (up to series D), and only a few are in the series E and above.
Indian businessmen and philanthropy have never walked hand in hand. But change is in the air...
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
Wipro Chairman Azim Premji, Planning Commission Deputy Chairperson Montek Singh Ahluwalia, former diplomat Brajesh Mishra and Telugu thespian A Nageshwara Rao were chosen for country's second highest civilian award--Padma Vibhushan--this year.
Azim Premji, chairman of Wipro, feels that IT demand in US is strong and will pick up further irrespective of poll results.
The veteran leader is also expected to use his good offices in unifying the faction-ridden party in the state, ahead of assembly elections just six months away.
Premji said he was in Atlanta last week attending a meeting of American chief executive officers where generally the mood was 'surprisingly positive'.
A group of prominent personalities, including Premji, Keshub Mahindra and HDFC's Deepak Parekh, had in a letter to the national leaders earlier this month had expressed concerns over a series of scams leading to 'governance deficit', but had said that national challenges like fighting corruption cannot be solved by urban protests and posturing.
Wipro Chairman Azim Premji on Thursday came out strongly against the idea of formulating laws on mandatory spending by industry on corporate social responsibility.
To start with, the foundation is coming up with two schools in Noida and Gurgaon.
During his visit to Oman, Premji said it is potentially a very important market.
Rishad, who joined the company in July 2007, is currently chief strategy officer of the Bengaluru-based company.
The committee is considering 1,300 names for this year's awards from which it is likely to select 120.
A group of prominent personalities, including industrialists Azim Premji, Keshub Mahindra and Deepak Parekh, have expressed concern over a series of scams leading to 'governance deficit'.
Cognizant derived 41 per cent of its revenues from financial services.
Premji said more than policy initiatives, the government should systematically execute on issues which are part of the existing policy.
India's third largest service provider Wipro Technologies, is set to begin construction on Rajarhat campus, the second in the city, 'as quickly as possible', said state information technology minister, Debesh Das.
Wipro chief Azim Premji on Tuesday said the company is looking at acquisition of $50-100 million companies abroad.
Infotech czar Azim Premji on Thursday expressed concern over various scandals that have surfaced in the country during the last one year and said good leadership in politics, bureaucracy, business and society would help end corruption in India.
Several loyal party old guards were unhappy and had expressed their displeasure openly about "migrants" scuttling the chances of them becoming ministers.
The list has been compiled by the Shanghai-based The Hurun Research Institute, the second year it has done this ranking, of an 'India philanthropy list'.
Bengaluru-headquartered Wipro has decided to elevate Chairman Azim Premji's elder son Rishad as the chief strategy officer (CSO) of its information technology (IT) business from January 1, 2011.
PremjiInvest has invested close to $20 million in the hospital chain in the last three years.
Sources in the company said the company had already started appraisals to give the hike from October. The Azim Premji-owned company -- which also has interests in consumer care, lighting and engineering equipment -- usually gives salary hikes to its offshore employees in October and onsite employees in January.
Total number of billionaires, this year, has increased to a record 1,210 from 1,011 last year. Though America has the 33 per cent of the mega-rich, Asia-Pacific region has surged forward and overtook Europe for the first time.
A report by the Azim Premji University showed that during the pandemic 270 million Indians were pushed into poverty. Meaning that they were not poor according to the government poverty line before, but have become now. Aakar Patel mulls on the state of the nation as the Modi government enters its eighth year.
In a step towards complying with the new shareholding norms on promoter holdings, the Azim Premji Foundation said it would sell 35 million shares of Wipro through an auction route, opening on Wednesday.
He particularly expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services.
Noted industrialist Azim Premji, who was named for the coveted Padma Vibhushan this year, has said he is 'extremely disappointed' with the performance of the government at the Centre.
Wipro has not been able to take similar strides in the health and financial sector as the competition has done, Azim Premji said.
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