The tech industry mourns the loss of Vineet Nayyar, former Vice-Chairman of Tech Mahindra, who passed away at the age of 85. Known for his crucial role in Tech Mahindra's growth and revival of Satyam Computer Services, Nayyar was a respected tech evangelist with over 40 years of experience in both private and public sectors. His contributions to the industry and his exemplary leadership will be remembered fondly.
Vineet Nayyar, Former Tech Mahindra Vice-Chairman, Passes Away at 85
The tech industry is mourning the loss of Vineet Nayyar, former Vice-Chairman of Tech Mahindra, who passed away at the age of 85. Nayyar was a respected tech evangelist with over 40 years of experience in both private and public sectors. He played a pivotal role in the growth of Tech Mahindra and the revival of Satyam Computer Services.
Background
Vineet Nayyar was born in 1937 in New Delhi, India. He graduated from the University of Delhi with a degree in Economics and later joined the Indian Administrative Service (IAS). In 1974, he was appointed as the Chairman of the Electronics Commission, where he played a key role in India's IT revolution. He then joined the private sector, where he held various leadership positions in companies such as NIIT, HCL Technologies, and Satyam Computer Services.
Contributions
Nayyar joined Tech Mahindra in 2012 as Vice-Chairman. Under his leadership, the company grew to become a leading global IT services provider. He also played a key role in the acquisition of Satyam Computer Services in 2009, which was one of the largest mergers in the Indian IT industry.
Nayyar was known for his visionary leadership and his ability to identify and nurture talent. He was a strong advocate for digital transformation and believed that technology could play a transformative role in society.
Legacy
Vineet Nayyar's contributions to the Indian tech industry will be remembered for generations to come. He helped to build a strong foundation for the country's IT sector and mentored countless young professionals. His passion for innovation and his commitment to excellence will continue to inspire others.
Top 5 FAQs and Answers
1. What was Vineet Nayyar's role in Tech Mahindra's growth? Answer: Nayyar joined Tech Mahindra in 2012 as Vice-Chairman and played a pivotal role in the company's growth. Under his leadership, Tech Mahindra became a leading global IT services provider.
2. How did Nayyar contribute to the revival of Satyam Computer Services? Answer: Nayyar played a key role in the acquisition and revival of Satyam Computer Services in 2009. He helped to stabilize the company and rebuild its reputation after it was hit by a corporate scandal.
3. What was Nayyar's vision for the Indian tech industry? Answer: Nayyar was a strong advocate for digital transformation and believed that technology could play a transformative role in society. He encouraged the development of new technologies and the adoption of cutting-edge solutions.
4. What was Nayyar's leadership style? Answer: Nayyar was known for his visionary leadership and his ability to identify and nurture talent. He believed in empowering his team and giving them the freedom to innovate.
5. What was Nayyar's impact on the Indian tech industry? Answer: Nayyar's contributions to the Indian tech industry are significant. He helped to build a strong foundation for the country's IT sector and mentored countless young professionals.
At the Startup Maha Kumbh, Union Commerce Minister Piyush Goyal expressed disappointment with India's startup ecosystem for prioritizing food delivery, betting, and fantasy sports apps. He urged Indian startups to follow the lead of Chinese startups, which are excelling in areas such as electric vehicles, battery technology, semiconductors, and artificial intelligence. Goyal questioned whether India should settle for low-wage gig jobs or strive for technological progress. Despite having over 100 unicorns, India's third-largest startup hub, Goyal's remarks raise concerns about the country's focus on certain industries and its potential for innovation and development in other areas.
Union Commerce Minister Piyush Goyal's criticism of India's startup ecosystem has faced resistance from industry leaders, who argue for the importance of government support in fostering local champions in the technology sector. Zepto CEO Aadit Palicha and former Infosys executive Mohandas Pai were among those who pushed back against Goyal's assertions at the Startup Maha Kumbh event, emphasizing the need for long-term growth and support for startups rather than just quick exits. Business leaders push back against Union Commerce Minister Piyush Goyal's criticism of India's startup ecosystem at the Startup Maha Kumbh event. They argue for the importance of fostering local champions in the technology sector and urge for government support to help achieve this goal. Goyal had questioned whether the country's startups were truly driving progress, citing a heavy focus on food delivery and low-wage gig jobs.
Jhankar Mahila Mandal and Gamini Driving School celebrated the successful completion of their E-Rickshaw training program, aiming to empower women from marginalized communities. The event, attended by esteemed guests and held under the guidance of Smt Abha Dwivedi, provided not just driving skills but also self-defense, financial planning, and computer and communication skills. This initiative not only bridges gender gaps but also opens up employment opportunities, reinforcing the commitment of the organizers to continue empowering women through driving education.
The US-India trade war has taken a toll on Indian stock markets as they continue to decline. President Trump's 27% tariff on Indian imports, although lower than tariffs on other Asian countries, has caused major dips in the BSE Sensex and Nifty. The impact of this trade war has also been felt in Asian markets, with Nikkei 225 and Kospi experiencing drops in the aftermath of Wall Street's shock. Stay updated on the latest developments in this trade dispute by following Screen Digital on YouTube.
The three-day Startup Mahakumbh, inaugurated by Commerce and Industry Minister Piyush Goyal, is set to bring together 3,000 startups, over 1,000 investors, and 10,000 delegates from 50 countries. With a focus on fostering collaboration and innovation, this event will lay the groundwork for the future success of entrepreneurs. The second edition, set to take place in 2025, will feature participation from tribal entrepreneurs and showcase the growth of the Indian startup ecosystem.
In a surprise move, billionaire entrepreneur Elon Musk's artificial intelligence company xAI has acquired the popular social media platform, X, in a multi-billion dollar deal. With X's massive reach and data spanning two decades, xAI's advanced AI capabilities are set to get a big boost. However, the acquisition raises concerns about potential layoffs and the company's lack of accountability as a private entity. Only time will tell how this strategic move will impact the future of both xAI and X.
President Trump announced new tariffs on major trading partners, including India and China, during a speech at the White House on April 2. These "reciprocal tariffs" match the duties these countries have imposed on US goods, with India set to face a 26% tariff and China set at 34%. The tariffs will go into effect on April 9 at 12:01 am local time, sparking concerns for industries such as automobiles, with companies like Volkswagen already taking action to mitigate the impact.
Enter this month's competition for a chance to win one of two fantastic Motorola Edge 50 Pro handsets worth £600 each. With its sleek design, impressive camera system and fast charging capabilities, this phone is not to be missed. Plus, each winner will receive a limited-edition F1 engraved case to complete the package. All you have to do is answer a simple question on motorola.co.uk.
According to the Comptroller and Auditor General of India's report, state-owned telecom company BSNL incurred a loss of Rs 1,757.76 crore due to financial lapses in its Master Service Agreement with Reliance Jio Infocomm Ltd (RJIL). These lapses include BSNL's failure to enforce contractual terms, leading to revenue shortages and loss of potential interest. The report also highlights additional losses incurred by BSNL due to inefficient planning and procurement, resulting in unnecessary expenditure and non-realization of tax credits.
The National Company Law Tribunal has intervened in the ongoing dispute between Aakash Education Services Limited and Byju's, directing a status quo on the former's shareholding. This move came after the Resolution Professional of Byju's filed a plea in court. As one of India's leading ed-tech companies, Byju's has been aggressive in its acquisition of competitors such as Aakash Institute, and this development adds to the ongoing legal battles in the business world.