Narayan Murthy

Narayana Murthy bats for tech, cautions against 'unsupervised learning'

While addressing the Chamber, Murthy also urged entrepreneurs to embrace "compassionate capitalism"

DGGI gives partial relief to Infosys, closes Rs 3,898 cr FY18 GST tax case

Earlier this week, the IT services company received a Rs 32,403 crore GST notice from authorities

UK PM Rishi Sunak, wife Akshata Murty's fortunes rise in 2024 Rich List

British Prime Minister Rishi Sunak and wife Akshata Murty, who made their debut in the annual Sunday Times Rich List' two years ago, have moved up the ranks in the 2024 edition released on Friday thanks to the Murty's lucrative Infosys shareholding. The couple, both 44, have risen from 275th last year to 245th with an estimated wealth of GBP 651 million, making them the wealthiest people to call 10 Downing Street home. Murty's earnings are said to far exceed that of her husband as financial statements published in February are quoted to say Sunak made GBP 2.2 million in 2022-23 compared to Murty's estimated GBP 13 million in dividends over the past year. The couple's most valued asset is Murty's shareholding in Infosys, a Bangalore-based IT company co-founded by Murty's father [Narayan Murthy], reads the newspaper's analysis. Over the past year, the shares have grown in value by GBP 108.8 million to nearly GBP 590 million. The latest annual report suggests that Murty received about

5-month-old Ekagrah Murty to earn Rs 4.2 cr with Infosys' bumper dividend

Ekagrah Rohan Murty, NR Narayana Murthy's five-month-old grandson who was gifted a whopping 15 lakh shares by the Infosys founder recently, is set to earn Rs 4.20 crore, thanks to the Bengaluru-IT company declaring a bumper final and special dividend totalling Rs 28 per share. Murthy had gifted 15 lakh shares to Ekagrah valued at a staggering Rs 240 crore at that time, making the five-month-old the youngest millionaire shareholder of India's second-largest IT company. On Thursday, the Infosys board recommended a final dividend of Rs 20 per share and additionally a special dividend of Rs 8 per share for the financial year 2024. "With this, the total payout over FY20-FY24 will be 85 per cent of free cash flow, in line with our capital allocation policy announced earlier," Infosys said in its Q4 earnings release. The record date for the purpose of the annual general meeting and payment of final dividend and special dividend is May 31, 2024. The dividend will be paid on July 1, 2024, .

Capitalism based on free market only solution to alleviate poverty: Murthy

Murthy said that over the years, he has transformed from a 'confused leftist' to a 'determined compassionate capitalist'

Murthy's Catamaran plans to invest in precision manufacturing companies

Infosys founder Narayana Murthy's venture capital firm Catamaran plans to expand its portfolio by investing in precision manufacturing startups and companies exporting their products, 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 said the valuation expectation in startups have come down in India compared to the phase in 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 automobile," 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 a market compared to 2022,

Is Narayana Murthy right?

The founder of Infosys' comment about working 70-hour weeks says productivity should be at the heart of a national debate

The super power of longer work hours

'More hours' does different things at the level of individual, firm or country

Infosys asks some staff back in office 10 days a month, bucks global trend

Since the pandemic, they had been allowed to work remotely full-time, and the company's other employees are still permitted to do so

TMS Ep554: 70-hr work week, Delhi choking, Mamaearth, whole-time directors

Is Narayana Murthy's 70-hour work week a fair ask? Why is Delhi choking? Should you subscribe to the Mamaearth IPO? Who are whole-time directors? All answers here

Reach to Teach Foundation to receive Rs 5 cr grant from Murty Trust

Reach to Teach Foundation has been given a five-year grant of Rs 5 crore by the Murty Trust -- the family foundation of Narayana Murthy and Sudha Murty. The grant is to support the Comprehensive School Transformation Programme that Reach to Teach is rolling out in the Northeast. Murty Trust has pledged support to Reach to Teach Foundation, a statement said, adding that the grant will provide seed support and strengthen Reach to Teach's ability to deliver a credible and sustainable programme. Reach to Teach primarily partnered with the education department of state governments and works closely with other stakeholders, such as parents and the larger community. The organisation also focuses significantly on strengthening the agency of teachers. At present, Reach to Teach Foundation is working in Arunachal Pradesh through a tripartite agreement with Niti Aayog and the Arunachal Pradesh government and looking to expand this work in Meghalaya and Tripura, the statement added.

Billionaire Infosys founder Murthy to double private firm's investments

Catamaran Ventures, based in Bangalore, employs about 15 staff in India overseeing holdings spanning e-sports, insurance and Elon Musk's Space Exploration Technologies Corp

If we don't vote, we have no right to criticise, says Narayana Murthy

Co-founder of IT major Infosys N R Narayana Murthy and his author wife Sudha Murty cast their ballot for the Karnataka Assembly elections on Wednesday and exhorted people to vote. "First, we vote and then we say this is good and this is not good. But if we don't do that, then we have no rights to criticise," 76-year-old Narayana Murthy said after exercising his franchise in the morning here. Regarding his "expectations" while voting, the software icon said: "My hope is that for my grandchildren this place will be one of the best places in the world to live, to pursue their career, education and to add value to the society. That's how I hope." "We all hope that the poorest guy in the remotest village in India have access to the basic education, decent healthcare, decent nutrition, and hope that that child's grandchildren will have a better future than that child," Murthy added. His wife Sudha Murty said the younger generation should learn from them and exercise their franchise. "I w

Narayana Murthy asks youngsters to ditch WFH, moonlighting; attend office

Murthy said the whole idea of working from the office three days a week and working from home is not the way young Indians should behave at this point in time

India lacks quality market research firms, says NR Narayana Murthy

Infosys co-founder NR Narayana Murthy on Thursday said India lacks quality market research firms, which leads to over-estimation of the opportunity by unicorns and eventually reporting of huge losses. "One of the lacunae in India at this point in time is that we do not have a company that specialises in quality market research," Murthy said. This leads to the entrepreneurs who have created unicorns to overestimate the market opportunity and investments in venture capital funds as well, he added. Companies spend much more than what they should because of this and then wake up to reverses in the business, Murthy said while speaking at an event organised by Symbiosis International here. "...the reality sinks in at the end of the year. Your revenues have not gone up, but the expenses have gone up, with the result you make huge losses," he noted. Murthy made the point while underscoring the importance of market research during an interaction with students and said he had to shut his fi

Nation needs to embrace compassionate capitalism: Narayana Murthy

Touching upon the issue of layoffs, Murthy said that it seems to have become a worldwide phenomenon as several companies are indulging in it

Infosys admits appeal against UK tax assessment, says report

There is no suggestion of wrongdoing by Infosys, the newspaper highlights

Young minds should put nation's interest above self: Narayan Murthy

The Infosys founder was addressing students and researchers at the GMR Institute of Technology in Andhra Pradesh, which was observing its Silver Jubilee Year

Rohan Murty wants to use data to make white-collar workers more efficient

The startup, based both in Boston and Bangalore, gets a real-time view of how people in teams get work done by using machine learning

Infy declares interim dividend; UK PM's wife Akshata to get Rs 64.27 cr

Software giant Infosys declared an interim dividend of Rs 16.50 per equity share for shareholders for 2022-23, while Akshata Murthy, wife of UK PM Rishi Sunak, will get a dividend of Rs 64.27 crore.