Azim Premji

Azim Premji, who is the Chancellor of the University, gave away degrees to students. Asking them to "dream, work hard and be self-confident", Premji said vision without action is "hallucination".

India is likely to produce at least a dozen more billionaires and several new millionaires by 2020 as the country's start-ups scene hots up, fuelled by sectors like e-commerce, financial services and other technology-driven fields, an Assocham study has projected.

What does a Chief Minister do when he runs out of ideas on how to boost investments in the state? He turns to the corporate big wigs who live in the state capital.

In an annual report, Wipro group chairman Azim Premji says the global IT spends has inched up only modestly in the last few months.

Wipro Group Chairman Premji, who has been at the helm of the company since the 1960s, has been instrumental in turning what was then a USD 2 million cooking fat company into a USD 7 billion IT/BPO and R&D services organisation with a presence in 60 countries.

As per a 'real time' update from business magazine Forbes, known for its annual rich lists, Sun Pharma Group's Shanghvi was ranked richest Indian, followed by Mukesh Ambani and tech czar Azim Premji at second and third positions, respectively, among Indians.

Among the 90 Indians on the Forbes Rich List 2015, published on Monday, Ambani (39th globally) is closely followed by pharmaceuticals business tycoon Dilip Shanghvi (44th rank with networth of USD 20 billion) and Azim Premji (48th with USD 19.1 billion).

The company, which was demerged from the flagship firm Wipro in 2012, had called the EGM to reduce its share capital to Rs 476.14 crore from Rs 492.32 crore

Stocks in the US closed modestly lower, after a near 300-point rally on the Dow evaporated amid falling commodity prices

HDFC was the stock of the day after the company agreed to sell 0.95 percent stake in HDFC Standard Life Insurance Company to the Azim Premji Trust at a price of Rs 105 per share. Post this deal, HDFC will hold 71.42 percent stake in the insurance company. The stock gained 2.8 percent.

From April 2000 to June 2014, Switzerland invested approximately USD 2.85 billion in India, thus becoming the tenth largest investor

Wipro underperformed its peers in dollar revenue growth. TCS had reported 6.4 percent, Infosys 3.19 percent and HCL Technologies 1.9 percent growth in dollar revenue on sequential basis.

According China-based research firm Hurun's 2014 global rich list, Mukesh Ambani was ranked 41st in the list that was topped by Bill Gates, whose personal networth stood at a whopping USD 68 billion

Since its launch in 2007, Myntra has raised close to USD 75 million from investors, including Accel Partners and Tiger Global. Myntra said: "...raised USD 50 million (about Rs 300 crore) in a financing round led by Premji Invest along with new and existing investors."

Depending on market scenario and consumer preferences, the country's third largest software services player decided to make an exit from the hardware manufacturing business. It will discontinue manufacturing Wipro branded desktops, laptops and servers.

Premji, Chairman and founder of leading IT firm Wipro, currently holds 2.9 percent stake as part of his individual investment portfolio in Nimesh Kampani-led JM Financial, one of the 25 aspirants eyeing banking foray.

Premji, chairman and founder of leading IT firm Wipro, currently holds 2.9 percent stake as part of his individual investment portfolio in Nimesh Kampani-led JM Financial, one of the 25 aspirants eyeing banking foray.

Having built an IT behemoth, Shiv Nadar is now focussed on creating an education empire as part of his philanthropic vision

Close on the heels of releasing the second edition of Hurun India Rich List, China-based Hurun Report Inc launched the inaugural Hurun India Philanthropy List 2013, with IT tycoon Azim Hashim Premji emerging as the most generous Indian with a donation of Rs 8,000 crore in the past year.

The Forbes India rich list shows modest gains for India's richest due to a stumbling economy. Steel magnate Lakshmi Mittal also retains his No.2 position on the rich list with a wealth of USD 16 billion.