Markets regulator Sebi today exempted a company controlled by Azim Premji from the obligation of an open offer for public investors of Wipro Ltd in connection with share transfer between certain promoter group entities.
Azim Premji, who donated Rs 27,514 crore for education is the "Most Generous Indian" for the third year running followed by Nandan Nilekani and Narayana Murthy in the second and third place, respectively.
ICICI Bank, India's biggest private sector lender by assets, said on Monday it agreed to sell a 6 percent stake in its life insurance joint venture in two separate deals to billionaire Azim Premji and Singapore state investor
India's third largest IT services exporter Wipro will continue to scout for acquisitions, given its strong liquidity position on the balance sheet, chairman Azim Premji said at the company's 69th AGM on Wednesday.
Billionaire industrialist and India's richest Mukesh Ambani has not taken a pay hike for seven years, but his salary is over 205-times that of the median employee remuneration at Reliance Industries Ltd".