Word: wipro
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Dates: during 2000-2009
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...educated sons, Mukesh, 44, and Anil, 42, as joint chief executives. So far, they show little of the fraternal rivalries that have split many older Indian business houses. But without the entrepreneurial founder, Reliance may settle into comfortable middle age, eclipsed by India's globally wired I.T. giants like Wipro and Infosys as exemplars of India's economic future. Still, Ambani seems destined to be remembered as a folk hero?an example of what a man from one of India's poor villages can accomplish with non-shrink ambition...
...America's stock-option business culture. As a result, more than 200 Infosys workers have become U.S.-dollar millionaires. "The IT industry has created more millionaires in the past five years than all of India's industries put together in the past 50 years," says Azim Premji, chairman of Wipro, another big software house with headquarters in Bangalore...
...software billionaires have become national heroes. For a brief period this year, Wipro's Premji was the second richest man in the world, after Bill Gates. (Wipro's stock price subsided in April, though Premji's net worth is still estimated at more than $11 billion.) The techno-tycoons are admired because they have earned fortunes in one of the world's most competitive industries without any under-the-counter help from Indian bureaucrats. In the early 1990s, in fact, the software lobby got the government to remove import duties intended to protect local firms from software products sold...
...America's stock-option business culture. As a result, more than 200 Infosys workers have become U.S.-dollar millionaires. "The IT industry has created more millionaires in the past five years than all of India's industries put together in the past 50 years," says Azim Premji, chairman of Wipro, another big software house with headquarters in Bangalore...
...software billionaires have become national heroes. For a brief period this year, Wipro's Premji was the second richest man in the world, after Bill Gates. (Wipro's stock price subsided in April, though Premji's net worth is still estimated at more than $11 billion.) The techno-tycoons are admired because they have earned fortunes in one of the world's most competitive industries without any under-the-counter help from Indian bureaucrats. In the early 1990s, in fact, the software lobby got the government to remove import duties intended to protect local firms from software products sold...