NILEKANI

People+ai partners with 24 tech organisations to enable open cloud compute infra

AMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance the compute ecosystem in India through the creation of a network of providers for accessible and tailored compute resources.

FM, Murthy and Nilekani among first to vote as Bengaluru goes to polls in soaring temperature

The three LS constituencies of the city, Bengaluru North (54.42%), Bengaluru Central (52.81%) and Bengaluru South (53.15%) recorded a turnout that was lower than the state-average (69.23%) for the 14 constituencies that went to polls in Karnataka on Friday. Long weekend, soaring temperatures and voter apathy may have caused the lower turnout in Bengaluru.

Ajit Isaac buys the most expensive property on Bangalore's Billionaire Lane for ₹67.5 crore

The southern suburb of Koramangala has emerged as a thriving hub for entrepreneurship in the bustling city of Bangalore. With its prime location and strategic proximity to the city's business centers, Koramangala has become a sought-after neighborhood for startups and self-made billionaires alike.

Whale tank: The upscale societies where uber-rich tech and startup czars stay connected and network with one another

In Bengaluru, houses in the Billionaires' Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy's Gaurav Munjal, PhonePe's Sameer Nigam, Meesho's Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. 'India's CTO' Nandan Nilekani, Wipro owners - the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.

Top companies back move to set up open cloud compute network

People+ai, an initiative by EkStep Foundation co-founded by Nandan Nilekani, set out last year to address increasing compute demand in the country, which is increasing with AI.

Mobility platform IntrCity raises Rs 37 crore in funding

The firm had last raised Rs 100 crore in a funding round in February 2020 at an about Rs 700 crore post-money valuation. The latest funding round happened at a higher valuation, cofounder Kapil Raizada told ET in an interaction, without giving exact numbers.

Indians are extremely demanding, but are not willing to pay for anything: Uber CEO Dara Khosrowshahi

During a conversation with Nandan Nilekani, Uber CEO Dara Khosrowshahi highlighted the Indian market's demands and reluctance to pay. He plans to introduce low-cost service segments and bus services to cater to a wider population. Uber made $3 billion in profits and signed an MoU with ONDC to expand its mobility offerings.

The last utopias, rants galore notwithstanding

Winter is the season for literature festivals across the country, offering the opportunity to bask in the warm sun while listening to esteemed speakers like Nobel laureates. However, attendees often find themselves amidst crowds, vying for attention from renowned figures like Sudha Murty and Shashi Tharoor. The festivals feature a blend of literary discussions and startup wisdom, with notable speakers such as Ramachandra Guha providing insightful keynotes.

For IITs, go shake your moneymakers

A steady inflow via alum contributions must not lead to a reduction in state budgetary support. The latter is essential to ensure these institutions remain 'public' in the truest sense of the term, and deserving students get a chance to study in IITs.

'Back to Basics': What's on the agenda at the WEF's 54th Davos meet

WEF 2024: Set to take place in Davos, Switzerland, the WEF will convene over 2800 leaders, including 60 heads of state and numerous CEOs. With a focus on vital global issues like climate change, artificial intelligence, and geopolitical conflicts, the 54th edition aims to revitalize foundational principles. Key discussions include achieving security amid geopolitical tensions, creating a new economic framework, harnessing AI for societal benefit, and developing a long-term strategy for climate and energy. Notable leaders such as Li Qiang, Emmanuel Macron, and Ngozi Okonjo-Iweala will participate.

Macron, Zelenskyy to take part in WEF Davos meet; Smriti Irani, Ashwini Vaishnaw, Puri to represent India

Over 2,800 leaders, including Indian ministers and chief ministers, are gathering in Davos for the 54th World Economic Forum Annual Meeting. The meeting will address various challenges such as climate change, economic slowdown, and geopolitical issues. The theme of the meeting is 'Rebuilding Trust' with key topics of discussion being the Ukraine peace plan, Israel-Gaza conflict, threats from AI-generated deep fakes.

NR Narayana Murthy’s big regret is refusing wife from joining Infosys

Calling himself “wrongly idealistic”, NR Narayana Murthy said in a TV interview that his wife was “more qualified than all seven” engineers including himself who established Infosys together.

Byju’s struggle to find cash continues; IAMAI drops some gaming firms for IT MoS meet

Desperate times call for desperate remedies. Cash-starved Byju’s is now likely to use part of the proceeds from the Epic sale to keep its parent Think & Learn running.

Countries feeling acute need for digital public infrastructure: Nandan Nilekani

He added that the kind of alliance India managed to forge among government, technologists, economists, lawyers etc. in its DPI journey would also have to be recreated in the countries that are now adopting DPIs.

Focus on low-cost AI models, says Nandan Nilekani

Speaking at the Carnegie Tech Summit 2023, Nilekani said that all AI should be use-case-led which can be amplified to make the lives of common people better.

Three Indians in Forbes Asia's Heroes of Philanthropy List

India's most generous women, who donated Rs 261 crore in a year

Infosys cofounder Shibulal's son, daughter-in-law offload shares worth Rs 435 crore

​​Cumulatively, Shreyas and Bhairavi Shibulal sold 0.06% and 0.02% of their respective shareholding in Infosys, cofounded by Shibulal along with six others including Narayan Murthy and current chairman Nandan Nilekani.

Strong corporate governance crucial for sustainable success of startups: Nandan Nilekani

Nilekani, who had served as the chairman of the Unique Identification Authority of India (UIDAI), emphasised the relevance of governance for startup founders, highlighting that it should be a top priority.

Wealthy have a social responsibility amid rising inequality: Rohini Nilekani

If wealth remains concentrated in the hands of a few, the government may have reason to look to other means such as higher taxation to distribute wealth more fairly, Nilekani said.

India's digital public infrastructure to reach 50 countries in next 5 years: Nandan Nilekani

The DPIs will also play a critical role in climate adaptation and mitigation to facilitate the increasing need for cash transfers to fortify vulnerable areas and people, and emergency funding after extreme climate events like floods.

Give or give back and tell, or don't

Anonymous charity has both supporters and critics, with some viewing it as philanthropy on a large scale and others seeing it as a way to avoid public scrutiny. While there are valid reasons for donors to remain undisclosed, studies have found that anonymous donations tend to be less generous. However, the aim of anonymous giving is to involve a larger group of small givers who may not benefit beyond personal satisfaction. On the flip side, if the act of giving is celebrated, it should be socially recognized. Ultimately, giving benefits both the recipient and the donor.

'A special day for me.' Nandan Nilekani back to IIT-Bombay after 50 years, institute's main building named after him

The Indian Institute of Technology (IIT) Bombay has renamed its main building to the 'Nandan Nilekani Main Building' in recognition of the chairman of Infosys' philanthropic support of the institute, which included a donation of Rs315 crore ($38.5m) last month.