The promoters collectively hold 13.05 per cent of the company's equity as on the buyback announcement date.
Wipro chairman Rishad Premji, Cred’s Kunal Shah, Meesho’s Vidit Aatrey, Ather’s Tarun Mehta, Rapido’s Aravind Sanka and several other top tech executives attended the dinner
“Next year, we will have live examples of Finternet in multiple sectors, in multiple countries, actually delivering value, and the business models and commercial models will emerge," Nilekani said.
Infosys cofounder Nandan Nilekani told a Shell executive that companies should not bet on today’s hottest AI tools but instead design flexible systems that can absorb future models.
Amid Trump’s tariff wars, American firms have stepped up hiring in India, underscoring the country’s importance as a talent hub. Nandan Nilekani tells Moneycontrol that AI won’t kill Indian IT, “such obituaries have been written before”. Also find an exclusive interview with Naveen Jindal as he addresses wide ranging topics. Also inside: India’s consumer credit story, trade moves, and our data story of the day.
Nilekani brushed off concerns about keeping up with rapid shifts in technology, underlining that that human interaction, human collaboration, human relations will become even more important.
It's not every day that you get the doyens of Infosys together on one platform. A few weeks ago, Moneycontrol’s Chandra R Srikanth was in conversation with Infosys veterans Nandan Nilekani, NRN Murthy and Salil Parekh where they spoke about why the Indian IT industry cannot be written off, winning in the AI era and the skills that will help techies thrive. "I think there are many times in the past when such obituaries have been written. So, whenever there's a major technology shift or a major business model shift, people say that. But I'm very, very confident that in the current environment with the advent of AI, not only certainly at Infosys we can say that not only will we master this technology capability, but we’ll also actually use it to our advantage to again move forward and become even more critical to the world's technology needs" Nilekani said.
Nilekani also said that IIT Madras’ AI4Bharat lab is developing the largest Indian language capability AI open-source stack that anybody could use.
Nilekani's pitch is based on a simple premise: nearly half of all household wealth in India is held in land, but much of it remains economically inactive. Tokenisation, he says, could be the next big 'unlock' worth over $3 trillion
The firm plans to deploy to set up physical logistics and service fulfillment hubs in temple towns, and develop AI-led features for users on the app.
In 2022, the first grant was instrumental in establishing the Nilekani Centre at AI4Bharat, supported by his EkStep Foundation
Among the third-generation, Ekagrah Rohan Murty is the youngest shareholder and earned Rs 6.5 crore in dividends
Sridhar Vembu said that Nandan Nilekani's idea of 'tokenisation of land' would lead to companies offering 'instant cash out' of tokens on farm land and homes. 'I am afraid where this path would lead,' he added.
India has 150,000 startups but Nilekani expects the number to grow at a remarkable 20% annually over the next 10 years, outpacing the country's overall economic growth
"Energy is the next UPI! Millions of small producers will join the Digital Energy Grid (DEG)," Nilekani shared in a social media post on platform X on March 28.
He said the government plans to launch the Open Agri Network, an AI-driven initiative to provide farmers with real-time agricultural insights, within two months.
Nilekani noted the emergence of digital arrests, a scam where victims are tricked into believing that they have been detained virtually
Nandan Nilekani shared his views on a range of issues from AI taking jobs to AI enhancing tax fraud detection in India.
Nilekani was speaking in a fireside chat with Nalin Mehta, the Managing Editor of Moneycontrol, at the 69th Foundation Day of AIMA on February 21.
Nilekani said that he spends 30-40 per cent of his time on working on his digital public infrastructure, AI initiatives
AI4Bharat, built by Khapra, is a research lab at IIT-Madras that works on developing open-source datasets, tools, models, and applications for Indian languages
Nilekani stressed on anonymisation of data earmarked for usage for training AI models for safeguarding privacy of a person.
Rather than training for specific AI-related skills, Infosys co-founder and chairman advocated a shift toward adaptability.
Government has been employing AI to analyse vast data sets, detect anomalies, and flag potential cases of tax evasion. AI-driven systems have been used to scrutinise GST registrations and prevent fraudulent claims for input tax credits.