Azim Premji gets Carnegie Medal for efforts to reform public school system

Azim Premji

Latest News – Wipro Chairman Azim Premji is among the honourees of this year’s Carnegie Medal, considered the most prestigious prize in Philanthropy, for his efforts to reform India’s public school system.

Premji, 70, who founded the Azim Premji Foundation, is among the nine philanthropists named recipients of the 2017 Carnegie Medal of Philanthropy in “recognition of their outstanding and innovative leadership in philanthropy.”

Carnegie Corporation said after transforming Wipro into a leading international corporation, Premji turned his attention toward the inequities in Indian society through efforts to improve (Read More)

Modi, Portuguese PM, discuss ways to boost bilateral ties, may sign pacts

Lisbon : India's Prime Minister Narendra Modi, left and Portuguese Prime Minister Antonio Costa speak during a meeting at the Necessidades Palace, the Portuguese Foreign Ministry in Lisbon, Portugal. (Photo: PTI)

Latest News – Prime Minister Narendra Modi on Saturday held talks with his Portuguese counterpart Antonio Costa and discussed ways to further intensify bilateral relations.

Modi, who arrived here on the first leg of his three- nation tour, said his brief visit will further strengthen relations between India and Portugal.

“Advancing bilateral engagements. PM @narendramodi & PM @antoniocostapm discuss ways to further intensify bilateral relations,” External Affairs Ministry spokesperson Gopal Baglay tweeted along with some photographs.
Advancing bilateral engagements. PM @narendramodi & PM @antoniocostapm discuss ways to further intensify bilateral relations pic.twitter.com/zGaBkYNUq8

— Gopal Baglay (@MEAIndia) June 24, 2017
The two sides are (Read More)

Cloth merchants plan three-day nationwide strike against GST

khadi, clothes, garment

Latest News – Cloth merchants plan to go on a three-day nationwide strike beginning June 27 in protest of 5 per cent GST (Goods and Services Tax) levied on the services (job work) rendered by them for the textile industry.

Thousands of cloth merchants across Ahmedabad, Surat and Jaipur have decided to shut shop between June 27 and 29, in a mpve likely to bring the entire textile value chain to a grinding halt. The protest is also expected to envelop Mumbai, Kolkata and other major cloth manufacturing and trading centres. Wholesalers, traders, angadiyas, transporters, courier companies exclusively working for cloth deliveries etc are also expected to join the protest.

These cloth merchants are demanding a one-year exemption from GST, in addition to proper training about tax levies and a help desk number with adequate guidance about the levy.

“Apart from yarn (Read More)

‘Nobody is perfect’: Some Uber employees balk at Travis Kalanick’s exit

Inside Travis Kalanick's resignation as Uber CEO

Latest News – Uber and its investors are facing a backlash over Travis Kalanick’s departure as chief executive — particularly from employees.

Starting late Wednesday, Uber employees circulated a petition asking the company’s board of directors to bring back Kalanick in an active role. More than 1,000 employees clicked to support Kalanick’s return in that capacity. In addition, Uber workers took to social media to express their dismay at the departure of Kalanick, who helped found Uber and made it a transportation behemoth.

“He worked day and night in creating this company to what it is today,” the petition said.

The reaction followed a tumultuous few days at Uber. Late Tuesday, Kalanick, 40, said he would step down as Uber’s chief executive after a coterie of investors — including Benchmark, one of the company’s biggest shareholders — pushed for him to resign. They acted after months of controversy at (Read More)

Infosys to pay $1 mn to settle US visa case

Infosys

Latest News – In a separate statement on Friday, New York Attorney General Eric Schneiderman said that Infosys had paid a $1 million settlement for failing to adequately compensate hundreds of workers, failing to pay applicable taxes and breaking US visa rules.

The settlement resolved whistleblower claims that Infosys, in the course of providing services, routinely brought foreign IT personnel (Read More)