Azim Premji, the billionaire chairman of Indian conglomerate Wipro Ltd., will give a further 34 percent of shares in the company worth $7.5 billion to support philanthropic activities, the most generous donation in Indian history.
The shares held by entities controlled by Premji have been irrevocably renounced and earmarked to the Azim Premji Foundation, the foundation said in a statement on Wednesday.
“With this action, the total value of the philanthropic endowment corpus contributed by Mr. Premji is $21 billion, which includes 67% of economic ownership of Wipro.”
His foundation works directly in education and supports over 150 other non-profits serving under-privileged and marginalized Indians through multi-year financial grants. The foundation set up the Azim Premji University to develop professionals in education and related human development domains, offer degree and education programs, and conduct research.
The foundation will scale up significantly in the coming years, it said in the statement. The team working in education will scale from the current 1,600 people and grant-making activities will triple. The Bengaluru-based university will expand to 5,000 students with over 400 faculty members. The foundation intends to set up another university in northern India.
Ultra-rich Indians, those with a net worth of over $50 million, are less charitable than they were five years ago, the Mint newspaper reported last week, with Premji being the exception. The 73-year-old Bengaluru-based billionaire is India’s second-richest man and ranks 51 in Bloomberg’s list of global billionaires.
4 arrested for sexual assault of spa employee
Delhi Police captured four individuals after a worker of a spa center in Delhi’s Pitampura claimed she was molested and sexually exploited by its manager and a client.
A 22-year-old woman complained of rape in a spa center at Delhi’s Pitampura on Thursday.
Authorities from Maurya Enclave police station hurried to the spot and started the examination.
“On August 4, a PCR call was gotten at PS Maurya Enclave in regards to rape with a lady at a Spa Center, Pitampura Delhi. The police promptly arrived at the spot (the ocean spa center) where a victim aged 22 years along with her husband were present external the spa center and complained in regards to rape on her by the manager of the spa center and client,” said police.
She was sent to the hospital for her clinical assessment. A counselor from DCW visited her.
“She expressed that on June 30 she joined the spa on August 4 at around 6 p.m. one client came there along with the manager Rahul and requested sexual favors. Rahul offered her a soft drink, after drinking it she felt tipsy and both raped her,” said police.
A case under Sections 354A/328/376 D of IPC was registered and both the accused persons were arrested.
Gold medalist boxer became a robber in Delhi, arrested with two companions
A burglary group has been busted in Delhi. A boxer was likewise remembered for this posse, who has additionally won gold decorations in certain contests. This posse of three individuals used to complete stealing from Baba Haridas Nagar of Delhi.
The group had looted a lady’s mobile phone in Baba Haridas Nagar on August 1. when the lady was getting back from work. The lady had let in her protest know that three unidentified individuals who had come on the motorcycle grabbed her mobile phone and took off. The police began the examination of the matter. Some CCTVs were additionally checked and individuals around were likewise addressed.
Then, at that point, on August 4, two individuals wandering in a similar region were gotten by the police. The first gave his name as Ankit (age 19 years) who hails from Jhajjar, Haryana. The other’s name is Shivam Kumar who lives in Sainik Enclave. He is additionally 19 years of age. The third is being told as a minor. The person who is there Ankit is a boxer. During interrogation, a stolen cell phone was also recovered from them.
Unclaimed Bag, Tiffin Box in Delhi’s Rohini Spark Alarm But Nothing Suspicious Found
An unclaimed bag was found in Rohini region in delhi on Thursday, sending the security organizations like the special cell and bomb detection team soon to reach the spot and launched an investigation, police said.
After a careful review of the area, nothing suspicious was tracked down.
As per authorities, An unclaimed bag was tracked down in the parking lot close to DC Chowk, Rohini Sector-9.
A bomb identification and removal crew and sniffer canines had looked through the area, but it turned out to be a false alarm.
Delhi | Suspicious object found in Rohini, police personnel on the spot. Further details awaited pic.twitter.com/FmNQqEKcPE
— ANI (@ANI) August 4, 2022
Enter your email address to get latest updates