The document discusses Satya Nadella, the current CEO of Microsoft. It provides details about his background, including being born in India and obtaining various technical degrees. It outlines his career path at Microsoft, rising to senior leadership roles in research and development and business divisions. It describes how as CEO since 2014, he is leading the company's transition to cloud computing and services.

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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“You must be the change you wish to see in the world…”
Law Updates:
 The Companies Act, 2013 is likely to be implemented fully by March
2016, president of the Institute of Company Secretaries of India (ICSI)
Atul H Mehta has said. The Act is being implemented partially and the
unimplemented sections of the National Company Law Tribunal
(NCLT) are being fully executed.
 IT department has decided to launch a new system of issuing email
notices to which an assessee can respond electronically, obviating the
need for a physical interface with the taxman which often led to
complaints about harassment.
 Check genuineness of certificates issued by CAs: CVC to ICAI. The
Central Vigilance Commission has recently written to the Institute of
Chartered Accountants of India (ICAI) asking it to ensure genuineness
of certificates issued by CAs to curb the fraudulent activities of loan
seekers from public sector banks.
PROFESSIONALS INPUTS:
 Vide Notification Institute of Cost Accountants of India Request for
Suggestions for Union Budget 2016-17 on statutory provisions related
to Direct Taxation, Indirect Taxation to strengthen the cost
competitiveness of Indian industry.
 To ensure greater transparency, market regulator SEBI has asked all
listed companies to update their website within two working days for
any change in the information provided on this platform. The
information to be updated include details of agreements with the media
companies and their associates.
 The Securities and Exchange Board of India is planning to put in place a
mechanism to ensure prompt and proper disclosure of changes in credit
ratings of listed firms, especially those with bad debt. It is also looking
to revamp norms for credit rating agencies, including the possibility of
asking them to disclose their rating actions directly through the stock
exchange platform for the benefit of investors.
MARKET WATCH:
SENSEX: 26137.73 -81.18 NIFTY: 7958.10 -23.80
SILVER: 36060.10 -17.00 GOLD (MCX): 26530.00 61.00
USD/INR: 65.08 0.12 CRUDE OIL: 3018.00 5.00
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Date: 21st September, 2015

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SATYA NADELLA
CEO of Microsoft Corporation
Satya Narayana Nadella (born 19 August 1967) is an Indian-American
business executive. He is the current chief executive officer (CEO) of
Microsoft. He was appointed as CEO on 4 February 2014, succeeding Steve
Ballmer. Before becoming CEO of Microsoft, he was Executive Vice President
of Microsoft's Cloud and Enterprise group, responsible for building and
running the company's Computing Platforms, Developer Tools and Cloud
Computing Services.
Early life
Nadella was born into a Telugu speaking family in Hyderabad, Telangana, India. His father, Bukkapuram
Nadella Yugandher, was a civil servant of the Indian Administrative Service. Nadella attended the
Hyderabad Public School, Begumpet before attaining a bachelor's degree in electrical engineering from the
Manipal Institute of Technology in 1988 (then affiliated with Mangalore University), Manipal, Karnataka.
Nadella subsequently traveled to the U.S. to study for an M.S. degree in Computer Science at the
University of Wisconsin–Milwaukee, receiving his degree in 1990. Later he received an MBA from the
University of Chicago Booth School of Business. In 1992 Nadella married Anupama, daughter of his
father's Indian Administrative Service (IAS) batchmate, K.R. Venugopal. They have three children, a son
and two daughters, and live in Bellevue, Washington.
Nadella said he "always wanted to build things". He knew that computer science was what he wanted to
pursue, but that emphasis was not available at Manipal University. "And so it [electrical engineering] was a
great way for me to go discover what turned out to become a passion," he says.
Career
Nadella worked with Sun Microsystems as a member of its technology staff prior to joining Microsoft in
1992. At Microsoft Nadella has led major projects including the company's move to cloud computing and
the development of one of the largest cloud infrastructures in the world. Nadella worked as the senior vice-
president of Research and Development (R&D) for the Online Services Division and vice-president of the
Microsoft Business Division. Later, he was made the president of Microsoft's $19 billion Server and Tools
Business and led a transformation of the company's business and technology culture from client services to
cloud infrastructure and services. He has been credited for helping bring Microsoft's database, Windows
Server and developer tools to its Azure cloud. The revenue from Cloud Services grew to $20.3 billion in
June 2013 from $16.6 billion when he took over in 2011. Nadella's 2013 base salary was nearly $700,000,
for a total compensation, with stock bonuses, of $7.6 million.
Previous positions held by Nadella include:
 President of the Server & Tools Division (9 February 2011 – February 2014).
 Senior Vice-President of Research and Development for the Online Services Division (March 2007
– February 2011).
 Vice-President of the Business Division.
 Corporate Vice-President of Business Solutions and Search & Advertising Platform Group.
 Executive Vice-President of Cloud and Enterprise group.
On 4 February 2014, Nadella was announced as the new CEO of Microsoft, the third chief executive in the
company's history.
Nadella is an avid reader of American and Indian poetry. He is also interested in cricket, his passion
growing up, having played on his school team. He mentioned having learned leadership and teamwork
from cricket.