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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“If you want the secondary greatness of recognized talent,
focus first on primary greatness of character.”
Law Updates:
 The ICSI jointly with MCA has taken initiative for resolving
various queries/ issues in implementation of Companies Act 2013 in
respect of MCA-21 e-Governance project. Members can send their
issues / problems / difficulties pertaining to MCA-21 e-governance
project, filling and filing of eforms, and related services provided by
RDs and ROCs etc at nishita.singhal@icsi.edu latest by 15th April,
2016.
PROFESSIONALS INPUTS:
 CBDT vide Notification No. 21/2016 dated 23rd
March, 2016 has
notified the Income-tax (8th Amendment) Rules, 2016 considering
Investment in Gold bonds as valid mode of investment by a trust
under sec. 11(5).
 CBEC vide Notification No. 24 /2016-Customs dated 28th
March,
2016 seeks to further amend notification No. 12/2012-Customs,
dated the 17th March, 2012 so as to (i) continue BCD @ 25% on
import of wheat beyond 31.03.2016 upto 30.06. 2016 (ii) retain
BCD @ 40% on import of Ghee Butter and Butteroil, beyond
31.03.2016 for a period upto 30.09.2016.
 CBEC vide Notification No. 1/2016-Customs (SG) dated 29th
March, 2016 seeks to levy safeguard duty on imports of Hot-rolled
flat products of non-alloy and other alloy Steel in coils of a width of
600 mm or more for a period of two years and six months.
 CBEC vide Notification No. 10/2016-Customs (ADD) dated 29th
March, 2016 seeks to levy definitive anti-dumping duty on 2-Ethyl
Hexanol, originating in, or exported from the European Union,
Indonesia, Korea RP, Malaysia, Chinese Taipei and USA for a
period of five years.
MARKET WATCH:
SENSEX: 25147.15 245.00 NIFTY: 7672.50 75.30
SILVER: 36665 .00 105.00 GOLD (MCX): 28699.00 -44.00
USD/INR: 66.54 -0.03 CRUDE OIL: 2575.00 13.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
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Date: 30th
March, 2016
www.csrajivbajaj.com
Ashok Vemuri
Group Management Board Member at Capgemini, and
the former President and CEO of IGATE Corporation
Ashok Vemuri (born April 22, 1968) is the current Group Management
Board Member at Capgemini, and the former President and CEO of IGATE
Corporation and was also a member of its board. On April 27 2015 French IT
services group Capgemini unveiled a deal to acquire IGATE in a $4bn deal.
Vemuri was previously a member of the board at Infosys Limited, Head of
Americas and Global Head of Manufacturing and Engineering Services.
Early life and Education
After graduating with a degree in physics from St. Stephen's College, Delhi, Vemuri completed his master’s
degree in business management from the Indian Institute of Management, Ahmedabad, in 1992 before joining
Deutsche Bank.
Career
Prior to joining Infosys, he worked in investment banking at Deutsche Bank AG. He later moved to Bank of
America, in 1995 before joining Infosys in 1999, where he worked for Narayana Murthy, the co-founder and
then-CEO of Infosys, where he was head of Infosys Americas and global head of manufacturing and
engineering services.
In his role as a board member and head of Infosys’s Americas business, Vemuri was chairman of the company’s
China operations and helped to set up its now largest business division, banking and financial services, which at
the time was the company's largest region in terms of clients and revenues.
Capgemini
Cap Gemini S.A. is a French multinational management consulting corporation headquartered in Paris, France.
It is one of the world's largest consulting, technology and outsourcing companies with 180,000 employees in
over 40 countries. It was founded in 1967 by Serge Kampf in Grenoble, France. Paul Hermelin chairman and
CEO of the Capgemini group has led the company since his appointment in December 2001.
Capgemini's regional operations are North and South America, Northern Europe & Asia Pacific and Central &
Southern Europe. Services are delivered through four disciplines; Consulting, Technology, Outsourcing and
Local Professional Services. The latter is delivered through Sogeti, a wholly owned subsidiary.
Awards and Honors
 Vemuri received the "CEO of the year" award in 2014 from IAIR in Honk Kong in March, 2015.
 Outstanding Entrepreneurship Award - 2015 by Enterprise Asia, a non-governmental organization that
promotes entrepreneurship in the Asia Pacific region.
 In 2014, Vemuri was elected to the Board of IT Governors at the World Economic Forum (WEF),
Davos.
 In 2013, he was included in the "50 Outstanding Asian Americans in Business" by the Asian American
Business Center.
 In 2009, he was elected to the Forum of Young Global Leaders (YGL) by the WEF.
 In 2008, he was selected by leading Indian magazine, Business Today, as one of India's 25 Hottest
Young Executives. He has appeared on CNBC, and NDTV.
 He is on the Board of Visitors of the Fuqua School of Business at Duke University.

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Newsletter dated 30th March, 2016

  • 1. www.csrajivbajaj.com THOUGHT OF THE DAY THOUGHT OF THE DAY “If you want the secondary greatness of recognized talent, focus first on primary greatness of character.” Law Updates:  The ICSI jointly with MCA has taken initiative for resolving various queries/ issues in implementation of Companies Act 2013 in respect of MCA-21 e-Governance project. Members can send their issues / problems / difficulties pertaining to MCA-21 e-governance project, filling and filing of eforms, and related services provided by RDs and ROCs etc at nishita.singhal@icsi.edu latest by 15th April, 2016. PROFESSIONALS INPUTS:  CBDT vide Notification No. 21/2016 dated 23rd March, 2016 has notified the Income-tax (8th Amendment) Rules, 2016 considering Investment in Gold bonds as valid mode of investment by a trust under sec. 11(5).  CBEC vide Notification No. 24 /2016-Customs dated 28th March, 2016 seeks to further amend notification No. 12/2012-Customs, dated the 17th March, 2012 so as to (i) continue BCD @ 25% on import of wheat beyond 31.03.2016 upto 30.06. 2016 (ii) retain BCD @ 40% on import of Ghee Butter and Butteroil, beyond 31.03.2016 for a period upto 30.09.2016.  CBEC vide Notification No. 1/2016-Customs (SG) dated 29th March, 2016 seeks to levy safeguard duty on imports of Hot-rolled flat products of non-alloy and other alloy Steel in coils of a width of 600 mm or more for a period of two years and six months.  CBEC vide Notification No. 10/2016-Customs (ADD) dated 29th March, 2016 seeks to levy definitive anti-dumping duty on 2-Ethyl Hexanol, originating in, or exported from the European Union, Indonesia, Korea RP, Malaysia, Chinese Taipei and USA for a period of five years. MARKET WATCH: SENSEX: 25147.15 245.00 NIFTY: 7672.50 75.30 SILVER: 36665 .00 105.00 GOLD (MCX): 28699.00 -44.00 USD/INR: 66.54 -0.03 CRUDE OIL: 2575.00 13.00 CS Rajiv Bajaj 9811453353 Bajajr66@gmail.com youtube.com/csrajivbajaj https://www.facebook.com/Rajiv 1Bajaj http://www.csrajivbajaj.com Date: 30th March, 2016
  • 2. www.csrajivbajaj.com Ashok Vemuri Group Management Board Member at Capgemini, and the former President and CEO of IGATE Corporation Ashok Vemuri (born April 22, 1968) is the current Group Management Board Member at Capgemini, and the former President and CEO of IGATE Corporation and was also a member of its board. On April 27 2015 French IT services group Capgemini unveiled a deal to acquire IGATE in a $4bn deal. Vemuri was previously a member of the board at Infosys Limited, Head of Americas and Global Head of Manufacturing and Engineering Services. Early life and Education After graduating with a degree in physics from St. Stephen's College, Delhi, Vemuri completed his master’s degree in business management from the Indian Institute of Management, Ahmedabad, in 1992 before joining Deutsche Bank. Career Prior to joining Infosys, he worked in investment banking at Deutsche Bank AG. He later moved to Bank of America, in 1995 before joining Infosys in 1999, where he worked for Narayana Murthy, the co-founder and then-CEO of Infosys, where he was head of Infosys Americas and global head of manufacturing and engineering services. In his role as a board member and head of Infosys’s Americas business, Vemuri was chairman of the company’s China operations and helped to set up its now largest business division, banking and financial services, which at the time was the company's largest region in terms of clients and revenues. Capgemini Cap Gemini S.A. is a French multinational management consulting corporation headquartered in Paris, France. It is one of the world's largest consulting, technology and outsourcing companies with 180,000 employees in over 40 countries. It was founded in 1967 by Serge Kampf in Grenoble, France. Paul Hermelin chairman and CEO of the Capgemini group has led the company since his appointment in December 2001. Capgemini's regional operations are North and South America, Northern Europe & Asia Pacific and Central & Southern Europe. Services are delivered through four disciplines; Consulting, Technology, Outsourcing and Local Professional Services. The latter is delivered through Sogeti, a wholly owned subsidiary. Awards and Honors  Vemuri received the "CEO of the year" award in 2014 from IAIR in Honk Kong in March, 2015.  Outstanding Entrepreneurship Award - 2015 by Enterprise Asia, a non-governmental organization that promotes entrepreneurship in the Asia Pacific region.  In 2014, Vemuri was elected to the Board of IT Governors at the World Economic Forum (WEF), Davos.  In 2013, he was included in the "50 Outstanding Asian Americans in Business" by the Asian American Business Center.  In 2009, he was elected to the Forum of Young Global Leaders (YGL) by the WEF.  In 2008, he was selected by leading Indian magazine, Business Today, as one of India's 25 Hottest Young Executives. He has appeared on CNBC, and NDTV.  He is on the Board of Visitors of the Fuqua School of Business at Duke University.