Don’t miss the latest developments in business and finance.

Narayana Murthy

Infosys co-founder Narayana Murthy said that without a strong work ethic, the country would 'struggle to compete globally'

Updated On: 15 Nov 2024 | 12:46 PM IST

Infosys co-founder NR Narayana Murthy on Sunday called rising population a major challenge for the country, saying Indians had not paid attention to population control since the Emergency period. Murthy made the remark during the convocation ceremony of Motilal Nehru National Institute of Technology in Prayagraj, where he was the chief guest. "India faces significant challenges related to population, per capita land availability, and healthcare facilities," he said. "Since the Emergency period, we Indians have not paid enough attention to population control. This poses a risk of making our country unsustainable. In comparison, countries such as the US, Brazil and China have far higher per capita land availability," he said. Murthy also emphasised that a true professional's responsibility was to contribute to the nation's progress. "This contribution depends on having high aspirations, dreaming big and working hard to turn those dreams into reality," the Infosys co-founder said. "

Updated On: 18 Aug 2024 | 10:17 PM IST

Working for 55 or more hours per week is associated with a 35% higher risk of a stroke, 17% higher risk of dying from ischemic heart disease

Updated On: 12 Jul 2024 | 4:52 PM IST

IT industry veteran N R Narayana Murthy, his wife and member of Rajya Sabha Sudha Murty, cricketing legend Rahul Dravid, who were among the early voters on Friday urged people, especially the youth to come out and vote in large numbers. Voting was underway on Friday in the first phase of Lok Sabha polls in Karnataka, in 14 constituencies. "We get this right to vote once every five years. We have to exercise this right responsibly with a lot of thinking. No one should let go of this opportunity," Narayana Murthy told reporters here. His wife Sudha Murty said the 77-year-old Infosys founder came to vote, despite ill health. "Narayana Murthy was unwell and he was in the hospital. We got him discharged, and after voting, we are taking him home," she added. Noting that she had travel plans, but wanted to come and vote before that, Sudha Murty said, "Matadana Shreshta Daana (voting is nobel). Rather than sitting and talking, come out, vote and express your opinion. More and more people

Updated On: 26 Apr 2024 | 10:09 PM IST

Updated On: 20 Mar 2024 | 3:44 PM IST

4-month-old Ekagrah Rohan Murty, born to Rohan Murty and Aparna Krishnan, may be India's youngest millionaire

Updated On: 18 Mar 2024 | 2:00 PM IST

Sudha Murty, who was on Friday nominated to the Rajya Sabha by the President, holds a 0.83 per cent stake in IT bellwether Infosys which at current prices is worth close to Rs 5,600 crore. The 73-year-old philanthropist is the wife of Infosys co-founder Narayana Murthy. She is the chairperson of the Murty Trust and has authored several books. According to the latest shareholding filed by Infosys with the BSE, she holds 3.45 crore shares of the company. At the last closing price of Rs 1,616.95 on the BSE, Murty's holding in Infosys is currently worth Rs 5,586.66 crore. Her husband Narayana Murthy owns 1.66 crore equity shares that are worth Rs 2,691 crore. Sudha Murty, who was awarded the Padma Shri in 2006 and Padma Bhushan in January this year, is also the mother-in-law of UK Prime Minister Rishi Sunak. While Padma Shri is the country's fourth-highest civilian award, Padma Bhushan is the second-highest civilian honour. Prime Minister Narendra Modi on Friday morning took to the

Updated On: 08 Mar 2024 | 11:33 PM IST

Murthy added that entrepreneurs can garner respect via good corporate governance practices, adhering to fairness, transparency and accountability with every stakeholder

Updated On: 18 Jan 2024 | 10:26 PM IST

When Narayana Murthy once visited the US for client work during the initial days of Infosys, a temperamental American businessman made him sleep on a large box in a windowless storeroom surrounded by cartons though his own home had four bedrooms. Indian-American author Chitra Banerjee Divakaruni has come out with a biography covering the early years of Sudha Murty's and Narayana Murthy's lives that is replete with many such nuggets about the iconic couple. Published by Juggernaut Books, "An Uncommon Love: The Early Life of Sudha and Narayana Murthy" is the story of the Murthys' early years - from their courtship to Infosys' founding years and from their marriage to parenthood. Donn Liles, who headed the New York-based company Data Basics Corporation, was a temperamental client and was especially unpleasant to Murthy at times. "He would often delay payments when he could, and Murthy would then be the target of his ire because he would hold his ground, refusing to budge on timely ...

Updated On: 07 Jan 2024 | 10:45 PM IST

The videos have a deep fake voice of Murthy endorsing an investment platform Quantum AI that claimed to partner with Elon Musk

Updated On: 15 Dec 2023 | 11:20 AM IST

Infosys founder Narayana Murthy's venture capital firm Catamaran plans to expand its portfolio by investing in precision manufacturing startups, which can export and make components in deep tech, and automobiles, a senior company official has said. While speaking to PTI on the sidelines of the Digital Acceleration and Transformation Expo (DATE), Catamaran Chairman MD Ranganath on Friday said the valuation expectation in startups have come down in India compared to 2022, but good ideas with good business models will continue to attract investments. "Our current focus, in addition to services, is on precision manufacturing. Now, India is attracting a lot of manufacturing investments. We are trying to invest in those companies which can export and make components in deep tech, and automobiles," Ranganath said. Catamaran has invested in companies like SpaceX, deep-tech energy startup Log 9, B2B e-commerce firm udaan, edtech firm udemy, and fintech firm Acko, among others. "Overall, in

Updated On: 25 Nov 2023 | 11:22 AM IST

Software icon N R Narayana Murthy on Wednesday advocated accelerating the National Education Policy's outcome by inviting 10,000 retired, highly accomplished teachers from the developed world and from India in STEM (Science, Technology, Engineering and Mathematics) areas to create 2,500 "Train the Teacher" colleges in the country's 28 states and eight union territories. This course alone is not sufficient, Murthy said. "We must show much respect and pay better salaries to our teachers and researchers. We must also provide better facilities to our researchers. We must honour them. They are role models for our youngsters. That is why we instituted the Infosys Prize in 2009. It is our small contribution to further the cause of research in India," he added. The "Train the Teacher" programme should be year-long, he said at a press conference here, where the Infosys Science Foundation announced the Infosys Prize 2023 in six categories. "Experts tell me that each set of four trainers can

Updated On: 15 Nov 2023 | 1:03 PM IST

But Indians work less than smaller countries with small populations such as Bhutan, the Congo, Lesotho, and Gambia

Updated On: 05 Nov 2023 | 11:16 PM IST

A 70-hour work week could raise compliance issues as it violates labour laws, a senior official of staffing company TeamLease said on Friday. "If somebody is spending 70 hours (in office), they are going beyond 9 hours. There is a fundamental disconnect, when you are an employee labour law allows you to work 9 hours," Vice President and Business Head for TeamLease Degree Apprenticeship Dhriti Prasanna Mahanta said. Former Infosys CEO N R Narayana Murthy had recently advocated for a 70-hour work week, drawing reactions from across the spectrum. The cost of employment, if a 70-hour work week is made possible, will also increase, and in a lot of places you are not allowed to pay overtime, he said. He pointed that this works for entrepreneurs and self-motivated individuals but cannot be accepted due to labour law compliance norms in place. Speaking to PTI on hiring trends, Mahanta said around 65 per cent of the demand is coming from non-tech sectors for job roles in AI, machine learni

Updated On: 03 Nov 2023 | 10:57 PM IST

The insight that the more you work, the less you produce in your extra hours on the job has a long history

Updated On: 03 Nov 2023 | 6:50 AM IST

Leading office furniture brand Godrej Interio has "never" been approached by any corporate client asking for solutions to help an employee put in elongated work hours, a top official said on Tuesday. Corporate clients are more focused on making employees more productive, ensuring that they work as a team and also aspects like sustainability, its parent firm Godrej & Boyce chief executive Anil Verma said. "The short answer is... I never got a customer saying 'I want my people to work so many hours'," Verma told PTI, replying to a specific question if the company has seen corporates seeking such help. Infosys co-founder N R Narayana Murthy recently triggered a flutter by suggesting a 70-hour work week to help in faster growth of the economy. As companies get employees back to work ending the pandemic period practice of work from home, there is a sharp decline of over 70 per cent in the revenues from individuals, Godrej Interio's business head Swapneel Nagarkar said. However, the ...

Updated On: 31 Oct 2023 | 8:35 PM IST

Aequs, which operates a precision manufacturing platform in aerospace and other verticals, will use the growth capital to launch a new Advanced Technology Products (ATP) vertical

Updated On: 30 Oct 2023 | 4:08 PM IST

While some corporate leaders endorsed Murthy's "sane advice" at a time when "we are in a nation-building stage", others said productivity was not linked to hours employees put in

Updated On: 28 Oct 2023 | 12:21 AM IST

'We need to be disciplined and improve our work productivity. I think unless we do that, what can poor government do?' Murthy said in a podcast

Updated On: 27 Oct 2023 | 1:49 PM IST

Business Standard brings you the latest headlines at this hour

Updated On: 02 Sep 2023 | 8:55 AM IST