Clients are looking to spend in technology as it is becoming a major differentiator in all businesses, Premji said at Wipro's AGM.
Singh who has a penchant for consumer brands quit Helion in 2014 when the Gurgaon based fund decided to focus mostly on technology startup investments.
A news website had yesterday quoting banking sources reported that the promoters of the India's third-largest IT services company are in the early stages of evaluating the sale of the company or some of its units, and have even approached investment banks.
Founder and chairman Azim Premji and his family are considering an exit in part or full, either to a strategic buyer – a multinational IT services company – or a private equity player.
Wipro expects revenues from IT services business to be in the range of $1,915 million to $1,955 million for Q1FY18.
Generosity in India seems to be on a decline as each year the number of philanthropists are going down as well as the donation amount.
The minister told Premji that India has taken up this issue at senior level in the US administration, the source added.
It was a great challenge to start the issue right before the Budget and open after it, Ashish Chauhan, MD and CEO of BSE says. Luckily for BSE, he says the Budget turned out positive and the stock exchange got immense feedback from investors.
Lenskart, which gets a significant portion of its revenues from offline channel, also aims to ramp up sales from tier III and IV towns with the launch of 'Lenskart Lite' app.
Kurien is Wipro's Executive Vice-Chairman and is set to retire from that post at the end of this month.
Country's third largest software services firm Wipro today said its Executive Vice Chairman and Board member T K Kurien will retire on January 31.
If 2016 was bad for IT, 2017 is likely to outdo it. There are enough telltale signs that the sector will be going through a bad patch
In a letter to Wipro employees, Premji urged them to increase their commitment to others and find common ground rather than focussing on conflicts.
Emerald Media has acquired a "significant minority stake" in Amagi Media Labs, Emerald Media said in a statement.
Gupta, whose departure from HCL Technologies was announced today, has founded a new investment firm 'Techcelx' that will focus on developing next-gen digital technology products and platforms.
Similarly, Wipro's Azim Premji, the 4th richest Indian on the Forbes list, has a networth of USD 15 billion -- more than Mozambique's GDP of USD 14.7 billion.
India's largest private sector life insurer ICICI Prudential Life Insurance Company will list its equity shares on September 29. It has fixed issue price at higher end of price band of Rs 300-334 per share.
Forbes India has released the annual India rich list and Reliance Industries' Chairman Mukesh Ambani has topped the Forbes' '100 Richest Indians' list with a net worth of USD 22.7 billion.
The Rs 6,057-crore IPO of ICICI Prudential Life Insurance Company has oversubscribed 10.48 times on Wednesday, the last day of subscription.
Incorporated at Mumbai in July 2000, ICICI Prudential Life already raised Rs 1,635 crore through anchor investors' portion on Friday, the day before issue opening.
The move will help the online eyewear retailer gain from Premji Invest's extensive experience across retail brands, Lenskart CEO and Founder Peyush Bansal told PTI.
The turning point came 13 years after Premji took charge, in 1979, US giant IBM was forced out of India and Premji saw an opening, he took the bold step of diversifying what was till then a commodity company into a computer company.
The '100 Richest Tech Billionaires In The World 2016' list has been topped by Microsoft founder Bill Gates with an estimated fortune of USD 78 billion.
The IT czar stated this in his speech at the Wipro Limited's Annual General Meeting here while giving a short overview on the overall environment.
On global events, Wipro Chairman Azim Premji says Brexit verdict has been shocking for the market and that China growth has slowed down, making a shift from manufacturing to services economy.