Azim Premji

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 '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.

ICICI Pru Life is a joint venture between India's ICICI Bank Ltd, which owns nearly 68 percent, and Britain's Prudential PLC, with nearly 26 percent. The remainder is held by billionaire Azim Premji's Premji Invest and Singapore state investor Temasek.

Wipro chairman Azim Premji on June 28 said he will donate more to philanthropic causes than the 39 percent of wealth he has already donated as he exhorted business leaders to play a more important role in society's development

S. 'Kris' Gopalakrishnan, co-founder Infosys, announced the launch of 

Infosys cofounder S Gopalakrishnan today launched a new app 'itihaasa' that chronicles the "fascinating journey" of the Indian IT industry since the 1950s. He added that 'itihaasa' is one of the largest chronicles of its kind with 600 videos featuring 44 technology stalwarts.

Wipro Ltd. (NYSE: WIT, BSE: 507685, NSE: WIPRO) a leading global information technology, consulting and business process services company, today ...

Wipro Ltd. (NYSE: WIT, BSE: 507685, NSE: WIPRO) a leading global information technology, consulting and business process services company, today ...

"In our information technology business we are in the midst of a major expansion which will add 25,000 people to Karnataka and to Bengaluru," Wipro Chairman Azim Premji said.

Hasham Investment and Trading Company Pvt Ltd, owned by Azim Premji Trustee Company, had sought exemption from making an open offer with respect to proposed acquisition of shares of Wipro Ltd through a scheme of arrangement involving certain promoter group companies of the IT firm.

In an e-mail to employees, Abidali Neemuchwala, who took over as Wipro's chief executive officer on Monday said the company must begin to think like a start-up and also create a workplace that is a 'melting pot' of diverse ideas.

According to a new list by Wealth-X in collaboration with Business Insider, Mukesh Ambani was ranked at the 27th place on the list with a net worth of USD 24.8 billion, while Azim Premji and Dilip Shanghvi were ranked at the 43rd and 44th place with assets worth USD 16.5 billion and USD 16.4 billion respectively.

Coal India's productivity is estimated at just one-eighth of its technologically advanced rivals in the United States, and as much as a fifth of its annual output is stolen, costing the company up to USD1 billion each year.

As per the Hurun India Philanthropy List, which is a ranking of the most generous individuals from India, 70 years old Azim Hashim Premji was named as the most generous Indian as he donated Rs 27,514 crore for education.

"For a successful start-up ecosystem there is need for enough angel investors who can support the budding entrepreneurs from early stage. But this is not happening in India and there is a serious lack of it," Nasscom Vice-President Rajat Tandon told PTI.

A statement from the Mumbai-based institute however did not share the investment details such as the quantum of stake being sold to Premji Invest and the price at which the sale has been concluded.

Sachin Bansal and Binny Bansal, the co-founders of India's largest e-commerce firm Flipkart debuted on Forbes billionaire list on Wednesday, each boasting a personal fortune of USD 1.3 billion.