| Updated daily at 1200 hrs (IST) |
Saturday,
24 March 2001
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Chairman and Chief Executive Officer of i2 Technologies, Sanjiv Sidhu, has been rated by Forbes ASAP magazine as the "wealthiest Indian immigrant" in the United States of America. Sanjiv Sidhu, 43, ranked seventh on the magazine's list that includes a total of 33 billionaires (compared to 30 the previous year) in the hi-tech world. There were 12 new billionaires on the list. Worth $ 6.8 billion, Sanjiv Sidhu is up 583 per cent from less than a billion dollars last year. Microsoft CEO Bill Gates retained his position at the top of the list in spite of $ 38.3 billion being chipped away from his $ 97.2 billion fortune. His lead over Oracle's founder Larry Ellison, placed second on the list, however dipped from $ 80.3 other Microsoft billionaires were among the top four - co-founder Paul Allen, ranked third with $ 24.4 billion and CEO Steve Ballmer ranked fourth with $ 15.3 billion. Intel co-founder Gordon Moore ranked fifth on the list and Dell Computer Chief Michael Dell came in at sixth place. Co-founder and Chairman of Massachusetts-based Sycamore Networks, Gururaj Deshpande, was the second of three Indian-Americans to make it to the ranks of the tech world's billionaires. Ranked 20th with a fortune of $ 1.81 billion, Deshpande's 20.8 per cent stake in the company made him the magazine's "richest rookie". "Sycamore's success didn't take me by surprise", a soft-spoken Deshpande had told The Asian Age in an earlier interview. "When you build something that doesn't surprise you. It might others who are not aware of the effort put in behind the scene". Juniper Networks founder Pradeep Sindhu, described by venture capitalist Vinod Khosla as "tech's biggest unsung hero", came in at 27th place with a total fortune of $ 1.56 billion.The rest of the list, all the way up to a hundred, was peppered with a few Indian-American names. Hassan Ahmed, President and CEO of Massachusetts based voice-over-packet technology provider Sonus Networks, ranked 57th with a fortune of $ 427.5 million. Naveen Jain, founder, Chairman and CEO of InfoSpace and worth $ 369.2 million came in at 67th place. Naveen Jain made his fortune supplying content such as Yellow as White Pages, third party weather reports, and stock quotes to more than 3,200 websites. 
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Fiji will hold democratic elections over two weeks later this year to restore democracy after a nationalist coup toppled the country's first ethnic Indian-led Government, the Governmental said on Friday. Caretaker Prime Minister Laisenia Qarase announced that the country's President, Ratu Josefa Iloilo, set the elections to run from 25 August to 7 September. The polls will take nearly two weeks to allow people across Fiji's far-flung Pacific islands to vote. |
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Due
to technical reasons the news sections of Bharat
Samachar could not be updated on Friday, 23 March 2001. For the
benefit of our viewers we are carrying the same today.
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| Updated daily at 1200 hrs (IST) |
Friday,
23 March 2001
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German software industry gets the largest chunk of information technology experts from India, accounting for 20 per cent of over 5,600 specialists, who have availed of Green Card scheme introduced August last. The Green Card regulation governs the employment and residence of non-EU computer specialists in Germany. Under the scheme upto 20,000 foreign computer specialists are allowed to work in German IT sector for a five-year period. The Indo-German chamber of commerce, quoting the Nuremberg based federal labour office, said India is followed by Russia, Ukraine and citizens of Baltic States with a total of 818 cards. Of the 1,105 Green Card holders from India, 93 were women. The chamber's Regional Director Ajay Singha said that Germany alone would require 70,000 to one lakh persons in the Information Technology sector. Besides, there is severe shortage of computer specialists in Europe. The European Commission estimates that there would be 1.6 million IT specialists in the EU by 2002.
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