Wipro chairman Azim Premji became the first Indian to donate 50 per cent of his wealth after he signed up for the 'Giving Pledge' an undertaking led by Warren Buffett and Bill Gates, among others. The pledge makes it mandatory for CEOs to donate a majority of their wealth.
The Wipro founder and chairman, who has already committed nearly 9,000 crore to the cause of education, will now give more to charity. Premji is the third non-American after Richard Branson and David Sainsbury to join the philanthropy club.
Premji had donated 8.7 per cent of the total stock of Wipro from his personal stock-holding for philanthropy in 2010. In a note to the 'Giving Pledge' organisation, the 67-year-old technology business tycoon wrote, "I was deeply influenced by Gandhi's notion of holding one's wealth in trusteeship, to be used for the betterment of society and not as if one owned it".
Coca Cola, the world's largest soft drink maker, today said it won't slow down its USD 5 billion investment plans in India.
The resilient Indian IT industry is building next generation enterprises to leverage the emerging opportunities in cloud computing and mobility space worldwide.
Nissan unveiled a revamped version of its sports utility vehicle- Terrano in Mumbai on Tuesday.
Maruti has launched an upmarket looking Wagon R, called the Stingray (no relevance to Corvette Stingray or any other legendary car with that name plate) in India at Rs 4.09 lakh, ex-Delhi.
Luxury automobile makers Rolls Royce launched their latest offering - the Rolls Royce Wraith - in India on Monday
To summarise the collective commentary on why the rupee is falling, the immediate triggers are the imposition of capital controls and the hike in import duties on 'non-essentials' like gold and flat screen TVs.
Reserve Bank of India (RBI) on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy.