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Strong demand for IT services, effect of falling oil prices still to be felt: Azim Premji

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By NewsGram Staff Writer

There was a strong demand for IT services in Europe and the US where the economy gained a lot of strength, Wipro chairman and IT czar Azim Premji said on Wednesday.

“With the US economy gaining lot of strength, we are seeing strong demand for IT services globally, particularly in continental Europe,” Premji told reporters on the margins of the software major’s 69th annual general meeting here.

Noting that digital technology has emerged as a major trend in IT services, Premji said the company was investing substantially in digital domain in a big way to capitalise on the opportunities unfolding in the sector worldwide.

“We have a venture fund to invest in early stage tech start-ups. We also have enough strength (funds) in the balance sheet for strategic acquisitions,” Premji said.

Admitting that sharp fall in crude oil prices helped the country in reducing its import bill and the trade deficit, the Wipro chairman said the growth was still not felt on the ground.

“Fall in oil prices has helped country but the jury is still out on the growth of the GDP (gross domestic product). We need to, however, give the government more time,” Premji said.

Earlier, in his address at the AGM, Premji told the shareholders that he gave away nearly 40 percent of his equity holding in the company to philanthropy in two transactions, including 21 percent earlier to the Azim Premji Foundation and Azim Premji Philanthropic Initiative.

“I have given up an additional 18 percent of my equity stake in the company for charity to earmark 39 percent of my holding (valued at Rs.53,284 crore) to the charitable trust,” Premji said, drawing applause from the investors.

The 69-year-old IT czar is the first Indian to sign the Giving Pledge, sponsored by billionaires Warren Buffet and Microsoft co-founder Bill Gates to invite the world’s richest to donate majority of their wealth to charity.

“Over the last 15 years, I have tried to put this belief into action through my personal philanthropic work,” Premji told the shareholders.

(With inputs from IANS)

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Forbes Rich List 2017: Acharya Balkrishna of Patanjali Named as 19th Richest Indian

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Acharya Balkrishna
Acharya Balkrishna. Wikimedia

Oct 05, 2017: Patanjali Ayurveda’s Acharya Balkrishna, the partner of yoga acharya Ramdev, has bagged the nineteenth position this year in the Forbes magazine’s Annual India Rich List 2017 with total assets of $6.55 billion (Rs. 43,000 crores).

Reliance Industries Ltd. foreman Mukesh Ambani managed India’s wealthiest position for the tenth straight year as his total assets swelled to $38 billion (Rs. 2.5 trillion), while Anil Ambani was positioned much lower at the 45th place with $3.15 billion.

Sun Pharma’s Dilip Shanghvi moved down from his previous second place to the ninth.

Also Read: British-Indian Actor Kunal Nayyar Ranks Fourth on Forbes Magazines List of World’s Highest-Paid TV Actors 

Wipro’s Azim Premji held the second position with total assets of $19 billion, climbing two spots from a year ago.

The Hinduja brothers are at the third position with $18.4 billion, while Lakshmi Mittal is presently positioned fourth ($16.5 billion) and Pallonji Mistry fifth ($16 billion).

Forbes said the rundown was arranged utilizing shareholding and budgetary data secured from the families and people, stock trades, investigators and administrative offices.

 

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Nearly 500 Blind Teachers in Kerala to be trained in various facets of Information and Communication Technology

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Hi-Tech School programme in Kerala, Wikimedia.

Kerala, May 29, 2017: Close to 500 blind teachers in Kerala would be trained in the various facets of Information and Communication Technology, to help them to handle their subjects effectively using technology, in a month’s time said a official of the state’s IT@School Project.

This will be done under the project as part of implementing the Hi-Tech School programme in the state, said project chief K. Anvar Sadath.

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By now more than a lakh teachers in the state-run schools have been trained under it.

Earlier in 2011, IT@School had imparted basic IT training for all blind teachers in the state, and received special appreciation from Union Human Resource Development Ministry.

With the completion of the current training, Kerala would become the first state in the country to have trained all visually challenged teachers in ICT, which focuses on the possibilities of ICT in education, rather than a mere training on computers.

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“The training for the regular teachers emphasise on specific subject wise content, developed entirely on free and open source software platform. The accessibility gaps of the software used for such training are assessed and then new customised packages are being incorporated, for the benefit of the visually challenged teachers,” said Sadath.

The specific training includes activities such as preparation of documents and presentations which would assist in classroom teaching of every teacher, language computing, digital content collection from internet and their legal aspects, audio recording and video editing. The educational applications which are used for the regular training are customised for the benefit of the visually challenged teachers.

“The joy goes up to its peak now as we are learning to apply it in our class rooms. It’s like we are getting our eyes back,” said thrilled learner Sebastian, who is almost fully blind and works as a teacher in a state-run school in Ernakulam district. (IANS)

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Infosys employee missing in Brussels attack

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Policemen stand guard near a security perimeter set in the Rue de la Loi near the Maalbeek subway station, in Brussels on March 22, 2016.

Brussels: Indian national who went missing in Belgium’s attack in capital Brussels on Tuesday is an employee of Infosys, IT company.

Raghuvendran Ganesh has been missing since the attack hails from Bengaluru and is an employee of Infosys, the external affairs ministry confirmed.

“We are doing our best to locate Raghavendran Ganesh,” External Affairs Minister Sushma Swaraj tweeted.

She also said that two other Indians, both employees of Jet Airways, who were injured were “recovering well”.

At least 34 people were killed on Tuesday. Two deadly explosions rocked the Zaventem airport and a more powerful blast ripped through a train coach at a Metro station in the heart of Brussels. It is the worst terror attack in Europe in four months. (IANS) (Image Source: fortunedotcom.files.wordpress.com)