Modi has accelerated efforts to make India the next driver in innovation, Sunder Pichai said.
While the first wave of moving work to India was driven by cost considerations, increasingly companies are banking on local talent to add value to their business by jointly developing products and solutions.
"In a year dominated by political chaos and bluster, it was a rare brand of steady -- even quiet -- leadership that won the day in the business world. And no one epitomises that brand of obsessively results-driven, team-based leadership more than our new No. 1 Businessperson of the Year," Fortune said.
Amazon Web Services (AWS) on Friday announced setting up of its second data centre region in India in Telangana that will be operational by mid-2022, and will see the tech giant investing about Rs 20,761 crore. While AWS did not comment on the investment detail, Telangana IT and Industries Minister KT Rama Rao tweeted that AWS will invest Rs 20,761 crore ($2.77 billion) to set up multiple data centres in the state.
Indian start-ups and software product companies are trying to attract engineers and programmers who are either stranded in India because of the lockdown or H-1B visa holders who have been laid off.
He advised the youth that they should fall in love with what they do. "Then it doesn't feel like work!"
'That an Indian can lead the world's top software company is an important milestone for Indian Americans and for America. But the larger message is for India itself: Imagine what Indians can achieve at home if they put their differences aside and start helping one another,' says Vivek Wadhwa.
In a filing with the US Securities and Exchange Commission on Monday, Microsoft said Nadella will get a total compensation of $84.30 million for the fiscal year ended June 2014, significantly up from the $7.66 million he received in 2013.
Foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation.
"We can celebrate technology, but if it doesn't truly empower every Indian and every Indian organisation to achieve more...we would have achieved nothing," the Microsoft CEO said in Mumbai.
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
In the last couple of months, top Indian IT services providers, including TCS, Infosys, Wipro and HCL Tech have announced setting up cyber threat management centres in the US and Europe.
The US president's stance on immigration could lead to a change in H1B visa rules.
Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th.
The Hyderabad-born Nadella says it's not the AI engine, but the teams that build it as well as the algorithms to make it intelligent have to be diverse and inclusive, so that the solutions they build do not show up any sort of 'unconscious bias' that they may have.
If automation is the future, these jobs will surge in 2018.
In the US and elsewhere, Microsoft employees view their new CEO as 'a performer, a doer' who will change things for the better. Ritu Jha and P Rajendran report.
This was because his wife Anu was not able to join him in Seattle, due to the existing US law that said if a green card holder marries, his/her spouse's visa is rejected.
Sanjeev Goel, business head, Manipal ProLearn, lists 10 courses that are currently most suitable for working professionals to upskill or reskill to ensure they remain of value in the job market and in future-ready organisations.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
The footprints of Indian-origin corporate executives at multinationals is expanding, with Sandeep Kataria taking over the reins of footwear major Bata as its global chief executive officer. From FMCG majors to IT titans, Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporate across diverse sectors globally. From Nooyi to Pichai to Nadella, the list of such people at the helm of multi-billion dollar enterprises is long.
Nadella showcased improvements to Cortana and announced previews of new cloud services.
With his elevation as the CEO of Twitter, Parag Agrawal, in whom co-founder of the microblogging giant Jack Dorsey has "bone-deep" trust, joins the growing power club of Indian-origin executives helming US-based global multinationals. Twitter's outgoing CEO Dorsey announced on Monday that 37-year old Agrawal, an Indian Institute of Technology, Bombay and Stanford University alumnus, will be the company's new chief executive as he stepped down after 16 years at the company that he co-founded and helmed. A report in The New York Times said Agrawal will receive an annual salary of $1 million, in addition to bonuses, restricted stock units and performance-based stock units.
'There is definitely a skill war, or a talent war going on.'
Prime Minister Narendra Modi, tennis star Sania Mirza and actor Priyanka Chopra are among the probable contenders named by the Time magazine for its annual list of the most influential people in the world.
Most Indian IT firms work as system integrators for Huawei and though the exposure is very less as of now, the potential is more due to 5G roll out. As pressure to keep the Chinese firm out of the 5G network grows, other global firms, including Japan's NEC, South Korea's Samsung, Finland's Nokia and Sweden's Ericssion are increasing their investments to grab more market share in the telecom sector.
'My simple instruction to every IBM salesperson is, "When you go to the customer, use less of this (he points to his mouth) and more of this (ear)".' 'Talk less, listen more",' Karan Bajwa tells Raghu Krishnan.
Besides, the company has sought nod from shareholders for issuing bonus in the ratio of 1:1
Few top honchos of India Inc did very well in 2014.
GenNext Innovation Hub is also pursuing a new global partnership program to collaborate with organizations in US, Europe and Asia.
'You cannot take success for granted.' 'That's the most important lesson that you learn being an entrepreneur.'
VMUnify, incubated from staffers' idea, to be spun off into an independent company.
America Inc tells Aziz Haniffa that Microsoft's new CEO validates what business leaders have long known - 'We need more Satyas travelling to the US'.
It was a common perception in the US that Indians didn't know how to lead a company or delegate authority.
Google will be able to co-relate data from the first click to the final delivery of product. This kind of knowledge is invaluable, something which even Amazon does not have.
Amazon, Google, Apple and Facebook are both a boon and a bane for angel investors, VCs as well as start-ups. If the Big Tech companies get broken up and their powers to acquire get significantly curbed therefore, the whole ecosystem will need to change, says Prosenjit Datta.
TIME said a record 45 people on this list are under 40 -- including the youngest designer ever, 14-year-old actor Millie Bobby Brown -- and a common theme in the tributes is how much people can learn from them.
Modi ranks 9th on the Forbes list of 74 of the World's Most Powerful People.
'Artificial intelligence works best on unstructured data. And no other country has the amount of unstructured data like India has.'
Nokia is one of the leading telecom equipment manufacturing companies in India
