If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.
Retention of Murthy within the promoter group was crucial for Infosys as the company believed the promoters' relationship would help the company in difficult times.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
One needs to bring differentiation to succeed: Murthy
Infosys co-founder N R Narayana Murthy stirred a storm on X when he said young people should work 70 hours a week to level up the country's productivity. In a conversation with former Infosys CFO Mohandas Pai in the inaugural episode of 3one4 Capital's podcast 'The Record,' Murthy said that youngsters should put extra hours at work to compete with leading economies. "India's work productivity is one of the lowest in the world. Unless we improve our work productivity...we will not be able to compete with those countries that have made tremendous progress," he said, comparing India with China, Japan and Germany.
Rishi Sunak, Sailesh Vara and Suella Fernandes were the three new Indian-origin MPs to be inducted into the Theresa May govt.
'When I told Mr Narayan Murthy, he said it was great that I was following my dream.'
Three Indian nationals, including a woman, have drowned after they fell through the ice while walking on a frozen lake in the US state of Arizona.
'I tell those in their 20s that age is on their side and they should start exercising early.' 'Just like investing in good stocks, if they start early, they will get the multiplier effects of being healthy, fit and strong later in life.'
The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.
The home ministry on Thursday announced the Padma awards which included five Padma Bhushan, 17 Padma Bhushan and 110 Padma Shri.
Dismissing reports that he might step down from office to take up a diplomatic assignment, Infosys Chairman and Chief Mentor N R Narayana Murthy on Saturday said he would continue to be at the helm of affairs till he is 60 in August 2006.\n\n
According to the EIC, Telangana officials are allegedly not allowing Andhra Pradesh officials to even enter the dam to conduct inspections.
Infosys co-founder NR Narayana Murthy on Thursday called out "fake news items", which claimed he endorsed automated trading applications and warned the public not to fall for such fraudulent claims. He also slammed "fake interviews" that used "deepfake pictures and videos" of him. In a series of posts on X, Murthy drew the attention of the public to false content being put out by malicious sites and products or services being sold fraudulently using his name and urged people to report any such instances to the concerned regulatory authorities.
Rishi Sunak arrived in India for the first time after he took charge as the United Kingdom's prime minister on Friday, September 8, 2023.
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
The family office category was up 38 per cent, led by names such as Ratan Tata, Ronnie Screwvala and various Infosys co-founders.
'We need good teachers at the primary, secondary and higher education levels.'
The Congress' victory in the Karnataka assembly polls is likely to help the party get its candidates elected in three of the four Rajya Sabha seats from the state falling vacant next year.
'He should not come to Kerala and fight against the CPI which is an integral part of the INDIA alliance'
Murthy's letter comes even as Sikka celebrates the completion of three years at the helm of India's second largest software exporter.
Akshata Murty delivers a four-minute speech introducing her husband Rishi Sunak to the Conservative party conference in Manchester.
But Indians work less than smaller countries with small populations like Bhutan, the Congo, Lesotho and Gambia.
As many as 13 Congress and three Janata Dal-Secular MLAs had resigned from the Karnataka Assembly in 2019 thus bringing down the 14-month-old coalition government of the Congress and the JD-S led by H D Kumaraswamy.
'By design or default, the BJP's election strategy militated against the very essence of Karnataka politics and the idea of Karnataka.'
Akshata Murty, the wife of Britain's Prime Minister Rishi Sunak, stands to earn Rs 68.17 crore in dividend income from her shareholding in India's second-largest IT firm Infosys. Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares of Infosys at the end of December, according to company filings with the stock exchanges. Infosys declared a final dividend of Rs 17.50 per share for FY23 (April 2022 to March 2023).
The British and Irish prime ministers assemble with a former American president at an event in Belfast marking the 25th anniversary of the Good Friday Agreement.
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
Britain's Prime Minister Rishi Sunak on Sunday visited the Akshardham temple here with his wife Akshata Murty and said it is not only a place of worship but also a landmark that portrays India's values.
Sunak is in India along with his wife Akshata Murthy to attend the two-day G20 Summit.
'The BJP's defining character is Hindutva. The party's political strategy is based on a combination of Hindutva+Development.'
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
With Mirabai not in medal contention, weightlifting Worlds set to be an underwhelming affair for India
In a purported video which surfaced on social media, the accused man, reportedly a Tamil Nadu native, could be seen sitting on a platform atop the Ponnambalamedu Hills, located about four km from the Sabarimala temple, and chanting mantras and doing some rituals.
In 1930, John Maynard Keynes predicted that by 2030 technology would be so advanced that three hours of work per day would suffice. Has AI brought about the transformation that Keynes predicted, asks Atanu Biswas.
Doctors warn that overwork is leading to lifestyle diseases like diabetes and spondylitis.
With 29 gold, 31 silver and 51 bronze in their kitty, the Indian para athletes won four medals more than the record tally of 107 won by the able-bodied athletes in the Hangzhou Asian Games, held from September 23 to October 8.
The 42-year-old British Hindu leader read from the Epistle to the Colossians from the New Testament reflecting the theme of service to others, in keeping with the recent tradition of UK Prime Ministers giving readings at State occasions.
