Azim Premji and Shiv Nadar in Forbes list of 100 richest tech tycoons

Azim Premji and Shiv Nadar in Forbes list of 100 richest tech tycoons

Wipro chairman Azim Premji and HCL co-founder Shiv Nadar are the only two billionaires from India in Forbes' list of the world's 100 richest people in technology, ranking in the top 20 ahead of Google boss Eric Schmidt and Uber chief executive officer (CEO) Travis Kalanick.

The '100 Richest Tech Billionaires In The World 2016' list has been topped by Microsoft founder Bill Gates with an estimated fortune of $78 billion. Premji ranks 13th on the list, with a net worth of $16 billion and Nadar comes on the 17th spot, with $11.6 billion of net worth. Indian-American technology czars — Symphony Technology Group CEO Romesh Wadhwani and founders of IT (information technology) consulting and outsourcing company Syntel Bharat Desai and his wife Neerja Sethi — are also on the list. Forbes said Premji, who heads India's third-largest outsourcer, Wipro, has been on a buying spree in the past year to boost growth. Premji's son Rishad, who heads strategy and sits on the board, also oversees Wipro's $100-million venture capital fund. Nadar co-founded HCL, which is reportedly mulling a US listing, Forbes said, adding Nadar also owns HCL TalentCare, a skills-development firm. His latest venture is a $500-million fund to invest in startups and US health care technology firms.(more)

'Modi's visit gave opportunity to assess Indo-US partnership': Obama administration

'Modi's visit gave opportunity to assess Indo-US partnership': Obama administration

Prime Minister Narendra Modi's visit to the US provided an "important opportunity" to assess how the Indo-US partnership can help address global challenges and unleash opportunity in the economic and trade space, a topObama administration official said.

"There was a tremendous amount of support and goodwill and his words resonated in many many different audiences around town," Assistant Secretary of State for South and Central Asian Affairs Nisha Desai Biswal toldPTI on the sidelines of an event here on Tuesday.

Following Modi's visit to Washington from June 6-8, Biswal had described the vision laid out by the Indian leader during his address to the US Congress as the 'Modi Doctrine'.

Biswal, in the city to speak at the launch of the Sri Lanka Policy Forum, saidModi doctrine was "a way of framing what I thought was an important vision" that the Prime Minister put forward in his speech to the US Congress.

"It's a recognition that both President (Barack) Obama and Prime Minister Modi said that we are each other's best partners in an important defining relationship, not only because of what wecan do for our own peoples through our partnership but because of the way we can really advance global concerns, address challenges and create betterment around the world."

She said Modi's visit was an "important opportunity" to talk about that kind of partnership and to best look at the "challenges that we see", including the challenges across the Indo-Pacific, climate change and "how we can move together to address them as well as unleash opportunity on the economic and trade space and in many other endeavors between our two countries."

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