Uber Chief Executive Officer (CEO) Dara Khosrowshahi sees India as one of the toughest markets and a standard to succeed in any other part of the world. One of the biggest challenges for the ride-hailing firm, according to Khosrowshahi, is the expectation of Indian consumers for more services at lower spending. "India is one of the toughest markets out there.
Linking businesses with account aggregator (AA) network -- a financial data sharing platform -- will help small entrepreneurs get easy access to credit and create millions of jobs, Infosys Technologies co-founder and chairman Nandan Nilekani said on Tuesday. He made the remarks during a session at the 'GSV + Emeritus India Summit' event in Gurugram. In the Budget for FY24, the government said that the GST system could join the account aggregator network, which means that every company in the GST system can ask for its data back which includes their tax filings and invoices, Nilekani said.
An expert committee, set up by the Supreme Court to probe allegations against the Adani group following a bombshell report from a US short seller, has members with potential conflict of interest, a fresh petition filed in the apex court on Monday said.
Nilekani says life has come a full circle for him, as he heads back to the company he co-founded over three decades ago.
'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
The Congress has huge hopes from the billionaire technocrat-turned-politician, and even the UIDAI chairman -- billed as an 'ordinary Congress worker' -- is making all the right noises in the prestigious and highly-educated Bangalore South constituency. However, experts are unsure whether he will be able to counter the massive 'Modi wave' in this BJP bastion. Vicky Nanjappa reports.
Nandan Nilekani's wife Rohini and Ananth Kumar's wife Tejaswini add a new dimension to the tough race for South Bangalore. Rediff.com's Vicky Nanjappa joins the two on the campaign trail.
Their investments in start-ups exceed Rs 1,000 crore at present.
Nilekani faces an uphill task in his bid to counter the massive anti-Congress wave, but that doesn't mean it will be a cake walk for BJP's Anath Kumar. Vicky Nanjappa discusses both the advantages and disadvantages of Nilekani, and also lists BJP's woes.
The Congress has proposed the name of billionaire Nandan Nilekani, the co-founder of software giant Infosys, to contest the Lok Sabha elections from Bengaluru's south constituency. But will his capabilities stand to the popularity of BJP's prime ministerial candidate Narendra Modi? Vicky Nanjappa finds out
Will Nandan Nilekani actually fight the elections? While the I-T czar says the question is speculative, here's our list of 10 eminent business leaders who should get on the stump.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
'Think of the poorest retail investor before you decide to go for an IPO'
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
After agonizing over this for weeks, he made a decision. When they met after work one evening, he startled her by blurting out, 'I think we should break up.' A moving excerpt from Chitra Banerjee Divakaruni's An Uncommon Love: The Early Life of Sudha and Narayana Murthy.
The announcement was made by Finance Minister Pranab Mukherjee in his Budget speech.
The statement by Nandan Nilekani that the ambitious Unique Identification card will be for all residents of India including non-citizens on Friday triggered a controversy with the Bharatiya Janata Party demanding a statement from the government.
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Securities and Exchange Board of India (SEBI) has 'drawn a blank' in its probe into alleged violations in money flows from offshore entities into the conglomerate.
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. But the six-member panel said there was an evidence of a build-up in short positions on Adani Group stocks ahead of the report of US-based short seller Hindenburg Research, and profiting from squaring off positions after prices crashed post-publication of the damning allegations. "At this stage, taking into account the explanations provided by Sebi, supported by empirical data, prima facie, it would not be possible for the committee to conclude that there has been a regulatory failure around the allegation of price manipulation," the panel said in the report submitted to the Supreme Court.
Strong macroeconomic headwinds causing turbulence in the $245-billion Indian IT industry are yet to calm down. Top Indian IT services companies are likely to post a decline or just marginal growth in sequential revenue in Q1FY24 because of a soft discretionary spending environment. Though the first quarter is seasonally strong for IT firms, "June 2023 will be an exception", according to analysts at Kotak Institutional Equities.
Ending speculation about his foray into politics, billionaire Infosys co-founder and head of Aadhar programme Nandan Nilekani on Friday said he would join the Congress and was ready to contest the Lok Sabha polls.
Strong Q3 brings Infosys comfort amid macro risks.
During a session titled 'Sustaining Democracy; Nurturing Democracy', he claimed that tightening the already stringent Unlawful Activities (Prevention) Act (UAPA) in a way that kept people like Siddique Kappan in jail for two years without bail is one of the many ways the current dispensation has 'managed to depart from the democratic spirit of the Constitution'.
Nandan Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled 'Disturbing unethical practices' and an undated note with the title, 'Whistleblower Complaint'.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
Finance Minister Nirmala Sitharaman on Monday said technical glitches in the new income tax e-filing portal will be largely fixed in the next few days and that she has been constantly reminding Infosys about the issue. "I have been reminding Infosys (the vendor which developed the new portal) constantly, and (Infosys head) Nandan Nilekani has been messaging me with assurances that next couple of days they will sort out majority of problems," she said. To a large extent, the system is far better than what it was in June but still some issues are there, she said.
Infosys and its CEO Nandan Nilekani are both working towards becoming global brands.
Tata Group Chairman Ratan Tata, Infosys Technologies CEO Nandan Nilekani, Wipro Chairman Azim Premji and Reliance Industries Chairman Mukesh Ambani are the four Indians in Asia's 25 most powerful business leaders list by the Fortune magazine.
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
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.
It was meant to be a healthy debate ahead of the Lok Sabha elections but had to be called off due to a major verbal duel.
The grouping, which is called Co-Impact, has been set up with an initial corpus of $500 million and will focus providing healthcare, education, and economic opportunity to the underserved populus in developing countries.
This will be done across five cities - Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong. Thereafter, it will be scaled up and launched in 100 cities over a period of six months, said a senior government official.
IT services major Infosys has said wife of one of its co-founder Nandan Nilekani, Rohini Nilekani has raised about Rs 163.58 crore by selling 5.77 lakh of her shares of the company for philanthropic work.
Nilekani has been maintaining silence on reports about his political plans, which has gained more currency after the KPCC reportedly shortlisted his name among the three probable candidates for Bangalore south recently.
Azim Premji and his family gave away Rs 7,904 crore (Rs 79.04 billion) in philanthropy, up 1,645 per cent!!! over the previous year.
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
The protocol aims to "democratise" lending, reduce costs of credit, and ensure accessibility of credit to small companies and street vendors, according to Nandan Nilekani.
Of the, four are co-founders of Infosys.
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