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Wipro culture could potentially destroy young startups: Rishad Premji Wipro has not had the courage to acquire startups in their infancy as the IT major could potentially destroy them due to its process oriented culture, Chairman Rishad Premji said, on the company’s strategy to take small stakes in startups and harness their disruptive work. “Very honestly, I worry as a large company we’re quite structured and process oriented, I am worried that we would destroy what makes a young company tick,” Premji said at an interaction at IIT Bombay on Sunday. “The speed and efficiency with which a young startup can pivot and...

I would not start a new company in Silicon Valley today: Facebook CEO Mark Zuckerberg Facebook Chief Executive Officer Mark Zuckerberg said in an interview that the tech behemoth wouldn’t be based in Silicon Valley if it were launching today. Zuckerberg made these comments at the Silicon Slopes Tech Summit in Utah on Friday. Zuckerberg said when first moved to Silicon Valley, he was 19-years old and “didn’t know anything about building a company,” and that “at the time a lot of tools for building a company weren’t as built out as they are now.” “Back then it was a lot...

Safest place to hide a dead body is the second page of Google search results, says Elon Musk Tesla CEO Elon Musk has slammed Twitter and Google for the rise in trolling networks and scams via fake bots on both the platforms. In a series of tweets, Musk said that desperate times call for desperate measures. “The crypto scam level on Twitter is reaching new levels. This is not cool,”Musk reacted to a follower’s tweet. Source: Gadgets Now

Replace hamburgers with samosas, Anand Mahindra suggests White House Mahindra Group CEO Anand Mahindra thinks that the White House may soon have to replace hamburgers with samosas at the conclaves it hosts after the appointment of Arvind Krishna as the new IBM CEO. Soon after the announcement of Krishna’s appointment as the new IBM CEO, Mahindra sent out a tweet calling it a ‘stunning endorsement of the managerial capabilitiesof Indian-origin managers.’ Mahindra also hailed Microsoft CEO Satya Nadella, Alphabet and Google CEO Sundar Pichai, and Adobe Systems’ CEO Shantanu Narayen. “This places a responsibility on Indian managers to demonstrate that...

Sandeep Mathrani to head WeWork: World’s top tech companies now run by Indian-origin CEOs Indian-American real estate veteran Sandeep Mathrani is set to replace Artie Minson and Sebastian Gunningham as the chief executive officer (CEO) of WeWork even as the company attempts to stabilise its business after a failed attempt to go public. Minson and Gunningham are co-CEOs of the company and Mathrani will take over on February 18. Mathrani, who most recently served as CEO of the retail group of Brookfield Properties, will also be a member of the company’s board, WeWork said. “I am honoured to be joining...

Facing a leadership crunch, Indian IT sector on the lookout for overseas talent BENGALURU : Indian information technology (IT) companies seem to be facing a leadership crunch, as they increasingly look to replace the top management with external candidates. Wipro Ltd was the latest to join this trend following the resignation of its chief executive officer (CEO) and managing director (MD), Abidali Z. Neemuchwala. Neemuchwala, the former CEO of the BPO division of Tata Consultancy Services (TCS) Ltd, was named Wipro CEO four years ago.  Source: Livemint

AirAsia CEO Tony Fernandes and chairman step aside as Airbus bribery allegations probed KUALA LUMPUR : AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun will step aside for at least two months while the airline and authorities investigate allegations Airbus paid a bribe of $50 million to win plane orders from the company. A committee comprising the non-executive members of AirAsia’s board will review the allegations and take any necessary action, Asia’s biggest budget airline said on Monday. Source: Livemint

Manoj Bajpayee Shares Pics of Renovated Ancestral Home in Bihar, Says ‘Missing My Village Already’ Manoj Bajpayee shared pictures of his ancestral home in Belwa, Bihar saying that his father had got it renovated and it was shining as a result. Manoj seemed proud as he claimed that he was delighted to be born in this particular part of the world. Sharing pics of his newly renovated village home, Manoj wrote on Instagram, “My village house in Belwa, Bihar. Babuji got it renovated and it’s shining now. Always feel lucky to have been born in this part of the world....

Alia Bhatt believes in living within a budget, owns houses in Mumbai and London and fancies buying a private jet Actor Alia Bhatt saw success rather early in life but comes across as a sensible person. Her financial planning too reflects that attitude. In a new interview with Economic Times’ Panache magazine, she said how she knows how to live within a budget and invests in bonds and mutual funds. She said that she believed in the merits of living within a budget. She said, “I can live within a budget. I don’t spend that much. My chartered accountant often tells me ‘Why don’t...

Homeless, empty stomach, century against Pakistan: Yashasvi Jaiswal hits big at ICC U19 World Cup From a prodigy in domestic cricket to making it big on the U-19 international scene, Yashasvi Jaiswal has come a long way as he slammed a majestic century against Pakistan to fire India into final of the ICC Under-19 Cricket World Cup in South Africa. He is also the current top-scorer of the tournament and is waving the Indian flag high. Jaiswal, however, became the talk of the town after his heroics in the Vijay Hazare trophy late last year where he became the youngest to...