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Page 2 - Narayana Murthy

70-hr work raises compliance issues, violates labour laws: TeamLease VP

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

70-hr work raises compliance issues, violates labour laws: TeamLease VP
Updated On : 03 Nov 2023 | 10:57 PM IST

70-hour workweek: Here's why Murthy's suggestion won't help India grow

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

70-hour workweek: Here's why Murthy's suggestion won't help India grow
Updated On : 03 Nov 2023 | 6:50 AM IST

No corporate has sought furniture to help employees in work: Godrej Interio

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 ...

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

Aequs raises Rs 448 cr in funding round led by Singapore's Amansa Capital

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

Aequs raises Rs 448 cr in funding round led by Singapore's Amansa Capital
Updated On : 30 Oct 2023 | 4:08 PM IST

India Inc divided on Narayana Murthy's call for 70-hour work week to youth

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

India Inc divided on Narayana Murthy's call for 70-hour work week to youth
Updated On : 28 Oct 2023 | 12:21 AM IST

Infosys founder Narayana Murthy wants Indian youth to work 70 hours a week

'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

Infosys founder Narayana Murthy wants Indian youth to work 70 hours a week
Updated On : 27 Oct 2023 | 1:49 PM IST

Top headlines: Car sales zoom to new high in Aug, India set for Aditya-L1

Business Standard brings you the latest headlines at this hour

Top headlines: Car sales zoom to new high in Aug, India set for Aditya-L1
Updated On : 02 Sep 2023 | 8:55 AM IST

Narayana Murthy, Azim Premji to set up family investment fund at GIFT City

However, a source close to the development said that the application is still in the regulatory stage.

Narayana Murthy, Azim Premji to set up family investment fund at GIFT City
Updated On : 01 Sep 2023 | 11:14 PM IST

Narayana Murthy's Catamaran aims to double AUM to $2 billion in 5 yrs

It has shifted focus from early-stage investments to growth and late-stage bets

Narayana Murthy's Catamaran aims to double AUM to $2 billion in 5 yrs
Updated On : 23 Jul 2023 | 7:08 PM IST

My daughter made her husband a PM: Rishi Sunak's mother-in-law Sudha Murty

Akshata Murty married UK Prime Minister Rishi Sunak in 2009 and the latter made a quick rise to power in the years that followed

My daughter made her husband a PM: Rishi Sunak's mother-in-law Sudha Murty
Updated On : 28 Apr 2023 | 4:30 PM IST

India needs a culture of honesty and no favouritism, says Narayana Murthy

India needs a culture of honesty, no favouritism, quicker decision making and hassle less transactions to prosper as a country, Infosys co-founder N R Narayana Murthy said on Thursday. Speaking at the Asia Economic Dialogue organised by the Ministry of External Affairs here, Murthy said only a small section works hard in the country and a majority of people have not imbibed the culture which is essential to fulfil the aspirations of Prime Minister Narendra Modi. "We need to build a culture of quick decision making, quick implementation, hassle less transactions, honesty in transactions, no favouritism," Murthy said, adding that the only common aspect joining all the developed countries are such cultural attributes. He said both India and China were of the same size in the late 1940s, but the northern neighbour has grown to be six times the size of India courtesy the culture it has imbibed. "There is a small section of India which works hard, which is honest, which has good work eth

India needs a culture of honesty and no favouritism, says Narayana Murthy
Updated On : 23 Feb 2023 | 11:35 PM IST

I'm last of the jokers left; no plan B after I leave Infosys: Nilekani

'I was completely wrong,' Murthy rues not allowing founders' children to join the company

I'm last of the jokers left; no plan B after I leave Infosys: Nilekani
Updated On : 15 Dec 2022 | 12:11 AM IST

UK PM Sunak: Tharoor stirs Twitter storm after 'visible minority' remark

With many in India expressing their happiness, including Sunak's father-in-law and founder of Infosys Narayana Murthy, Congress leader Shashi Tharoor has stirred up a storm on Twitter

UK PM Sunak: Tharoor stirs Twitter storm after 'visible minority' remark
Updated On : 25 Oct 2022 | 3:00 PM IST

'Proud of him', says Infosys founder Narayana Murthy on Rishi Sunak

"We are proud of him and wish him success," Infosys co-founder Narayana Murthy said in his first comments on the elevation of his son-in-law Rishi Sunak as Britain's prime minister. Sunak, 42, on Sunday won the race to lead the Conservative Party and is now set to become Britain's first prime minister of Indian origin. "Congratulations to Rishi. We are proud of him and we wish him success," Murthy said in first first reaction emailed to PTI. "We are confident he will do his best for the people of the United Kingdom." The son of a pharmacist mother and doctor father, Sunak was educated at one of England's most renowned schools, Winchester, and then Oxford. He spent three years at Goldman Sachs Group Inc. and later gained an MBA from Stanford in California, where he met his wife Akshata Murthy, daughter of Infosys co-founder Narayana Murthy. He married Akshata in 2009 and the couple has two daughters, Krishna and Anoushka.

'Proud of him', says Infosys founder Narayana Murthy on Rishi Sunak
Updated On : 25 Oct 2022 | 9:20 AM IST

Murthy advises start-ups not to see IPOs as 'surrogate' for a funding round

Says that isn't a good thing as an IPO comes with great responsibilities; points to pressure from VCs as a reason for IPO move by companies

Murthy advises start-ups not to see IPOs as 'surrogate' for a funding round
Updated On : 05 Jun 2022 | 11:05 PM IST

UK ministerial ethics advisor clears Sunak on wife Akshata's tax status

The probe also covered further revelations around Sunak having a Green Card two years after being appointed Chancellor of the Exchequer in the UK Cabinet

UK ministerial ethics advisor clears Sunak on wife Akshata's tax status
Updated On : 27 Apr 2022 | 11:43 PM IST

Infy should have listened to Mr Murthy

There is no denying that Infosys must take a major part of the blame for the problem

Infy should have listened to Mr Murthy
Updated On : 15 Sep 2021 | 10:55 PM IST

From zero to Rs 11,400 cr: How Murthy's retail business got a 'scrap' boost

As Bezos and Narayana Murthy end their joint venture, their prolific growth cannot be discounted

From zero to Rs 11,400 cr: How Murthy's retail business got a 'scrap' boost
Updated On : 14 Aug 2021 | 10:44 AM IST

IT firms must focus on problem recognition and solution mindset: Murthy

Murthy said Indian IT companies will continue to grow anywhere between 7 to 10 per cent with operating margins being between 15 and 20 per cent

IT firms must focus on problem recognition and solution mindset: Murthy
Updated On : 21 Sep 2020 | 5:43 PM IST

Sebi must blacklist officials found guilty of governance deficit: Murthy

Murthy also asserted that shareholders must also be provided access to full details of the investigation carried out after any whistleblower complaint

Sebi must blacklist officials found guilty of governance deficit: Murthy
Updated On : 21 Sep 2020 | 4:51 PM IST