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PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools.

India’s fourth-largest technology services company has also agreed to pay $4.33 million to former CEO Thierry Delaporte

Investment firms worldwide, including BlackRock Inc. and SoftBank Group Corp, are relying on AI to analyze data streams in real-time to glean market intelligence and are looking to invest further in the sector.

Data from ACE Equity shows that Pawan Munjal, Chairman of Hero MotoCorp received an annual remuneration of Rs. 99.55 crore in FY23. He is India’s highest paid business leader.

AI helps Premji Invest to scour over 10,000 companies globally to identify investment opportunities. Read more at straitstimes.com.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

In recent years, severance payments to departing CEOs at companies like Tata Consultancy Services (TCS), Cognizant, and Wipro have varied between Rs 48 crore and Rs 92 crore.

ICICI Bank climbed nearly 5 pc, followed by IndusInd Bank, UltraTech Cement, SBI

The 30-share BSE Sensex jumped 941.12 points or 1.28 per cent to settle at 74,671.28. During the day, it zoomed 990.99 points or 1.34 per cent to 74,721.15.

Get latest articles and stories on Latest News at LatestLY. The market capitalisation of BSE-listed companies soared to an all-time high of Rs 406.52 lakh crore on Monday thanks to a rally in equities where the BSE Sensex climbed over 1 per cent. Latest News | Mcap of BSE-listed Companies Soar to All-time High of Rs 406.52 Lakh Cr.