India's billionaires are pledging a decent amount of their wealth for the welfare of society.
Azim Premji-led Wipro Ltd on Friday said it will acquire 100 per cent stake in Singapore-based Unza Holdings Ltd in an all cash deal worth Rs 1,010.2 crore (Rs 10.102 billion or $246 million).
In the second half of July this year, when Rishad Premji, the eldest son of Wipro Chairman Azim Premji, joins the company as a business manager, Pratik Kumar, executive vice president-HR will have a tough time.
On the prowl for more buyouts, software major Wipro would pursue the strategy of acquisitions more aggressively in future along with other initiatives.
'When the film was over, Bhai gave me a look, expressing what he felt.' 'That look said it all, and meant the world to me.'
A court in Kanpur has issued a notice to Wipro chairman Azim Premji after the wife of one of the company's employees alleged her husband had left her because the firm paid him a 'dating allowance.'
Wipro chairman Azim Premji on Friday became the first Indian to receive the prestigious Faraday Medal from Institution of Electrical Engineers, the largest professional engineering society in Europe.
It will require a political and tactical genius to, first, assuage the hurt feelings of the locals over the denial of their state's privileged status, and then to accommodate the national objectives of integration and development as spelt out by New Delhi, points out Amulya Ganguli.
The company is unlikely to continue with the CEO-COO model
Wipro Limited Chairman Azim Premji on Wednesday made a veiled criticism on the Karnataka government's failure to develop the state's infrastructure but sought to steer clear of making any controversial statement.
On the back of growing clout of the Indian IT sector, domestic giants Tata Consultancy Services, Infosys and Wipro may soon join the league of top 10 most valued firms globally in terms of market capitalisation in the next 2-3 years.
Abidali Neemuchwala, who had joined Wipro in 2015 as group president and chief operating officer, was also given 200,000 in stock options in the financial year ended March 2016.
Wipro Chairman Azim Premji, who had been second to none in criticising Karnataka government over inadequate infrastructure in the past, on Wednesday said the issue could be sorted out by talking to government.
Wipro is contemplating vast expansion in Andhra Pradesh with proposed investment of Rs 950 crore (Rs 9.5 billion) that could generate employment for nearly 29,000 people.
Despite challenges from China, the Philippines and Eastern Europe, India still has an overwhelming advantage in IT offshoring, according to Wipro chairman Azim Premji.
Wipro announced a 100 per cent interim dividend (Rs 5 per equity share of face value Rs 5) for the year ending March 31, 2007.
Software giant Wipro Ltd is planning to invest in another software development complex in West Bengal if it gets the special economic zone status from the central government.
Anil Ambani, vice chairman and managing director of Reliance Industries Ltd, has been adjudged the most admired chief executive in India, while his elder brother Mukesh Ambani occupied the fifth slot.
According to NSSO, more than half of India's working-age population is out of labour force. In 2017-18, the youth unemployment rate was in the range 13.6-27.2 per cent.
The Congress vice president, who began his three-day visit to Jammu and Kashmir, spoke to the families of six civilians including a headman and a teacher who were killed in ceasefire violations by Pakistan in Balakote on Independence day.
The chairman of Wipro Azim Premji would ring the Closing Bell at the New York Stock Exchange on Friday.
Shahrukh Khan, J N Dixit, R K Laxman, Azim Premji are among the 96 people who have been conferred with this year's Padma awards.
Optimism about the Indian economy makes it all the more necessary for the country to be prepared to face competition from nations like China and the United States, Wipro Chairman Azim Premji said on Friday.
