The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.
The take by the Economic Survey 2024-25 on work hour week had come weeks after Larsen & Toubro Ltd Chairman and Managing Director SN Subrahmanyan sparked off a raging debate on social media when he said employees should work 90-hour a week, including on Sundays rather than sit at home.
A video post on Reddit, which has since gone viral, shows the L&T chief saying, 'I regret that I am not able to make you work on Sundays, to be honest. If I can make you work on Sundays, I will be more happy because I work on Sundays also.'
His village didn't have a school so he went to school in a neighbouring village and often studied by kerosene light.
Catamaran, the family office of Infosys founder Narayana Murthy, is targeting 15 per cent returns on its portfolio investments per annum as it shifts focus from early-stage investments to growth and late-stage bets. This would double the firm's assets under management (AUM) from the current $1 billion to $2 billion over the next five years. "For direct investments, we are focusing on growth-stage investments and very selectively on early stage," Deepak Padaki, president, Catamaran, told Business Standard. "(This is) primarily because the early-stage space in India, in the last three-four years, has completely changed. "There has been a huge influx of capital in the last two years. It has become a very crowded space for early-stage investment," he said.
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
Weighing in on the 90-hour workweek controversy, ITC Ltd chairman Sanjiv Puri said that it is more important for the workers to be aligned to the grander vision of the company rather than the number of hours put in. Giving an analogy of many workers building a castle, he said, "If you ask a mason what he is doing, he might say he is laying a brick, another might say he is building a wall but some might say he is building a castle.
The dramatic moves of Donald Trump, which have shaken up the global order, dominated the discussion. A sense of bewilderment prevailed, but there was also expectation that President Trump would settle down to a more traditional style of governance after a time of shock and awe, observes Ambassador T P Sreenivasan, an attendee at literary festivals in Calicut, Jaipur, Kochi, Sharjah and Thiruvanathapuram.
'If people want to work 90 hours, we should let them work.' 'If people want to work 30 hours, you should let them work 30 hours.' 'But they should not expect the same level of success and attention.'
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.
Actor Madhavan recounts his interview with the mentor of Infosys Technologies, Narayana Murthy.
Chennai-born Indian-American businesswoman and musician Chandrika Tandon, 71, won a Grammy in the Best New Age, Ambient or Chant Album category for her album Triveni, a blend of ancient chants and world music, at the 2025 Grammys.
'They sell such ideas in the name of 'national interest'.' 'What national interest are they talking about?' 'There is no national interest in this. The only interest that is there is their profit.'
Jeetendra remembers one of his favourite directors.
Unless Murthy launches an aggressive search for a significant infusion of new blood, he will find it difficult to implement the dramatic changes to Infosys' fortunes that everyone expects him to, says P R Ganapathy.
Chaitanya Sagar Bethu (ISB Class of 2010) shares his experience of spending the day with Narayana Murthy, Infosys chief mentor.
Andhra Pradesh Deputy Chief Minister Pawan Kalyan on Monday expressed concern over the law and order situation in the state and said if he was the state home minister, 'things would be different', remarks seen as direct criticism of Vangalapudi Anitha, who is holding the department currently.
Two women pilgrims from Punjab and Uttar Pradesh died while a five-year-old girl was grievously injured in a landslide on the new track to the Vaishno Devi shrine in Jammu and Kashmir's Reasi district on Monday, officials said.
Check out India schedule on Sunday, Day 4 of competition at the Paris Paralympics 2024 where Nitesh Kumar and Sukant Kadam are one step away from Paralympic glory.
Telugu actor-director MS Narayana passes away at 63.
State-owned Life Insurance Corporation (LIC) is not keen on a composite license but it is looking to buy less than 50 per cent stake in a standalone health insurance company to enter the health insurance segment such that they have a say in the management of the company, without having to run the company, sources in the know said. "LIC doesn't need a composite licence. "Even if it is introduced, they will not opt for it.
'In his demise, the world of Telugu language and literature has lost a bright star. The void caused by his loss can never be filled.'
Infosys chief mentor, N R Narayana Murthy is likely to become the non-executive chairman of the National Payment Corporation of India (NPCI) being set up to handle the retail payment operations of the Reserve Bank of India.
Indian contingent led out by Sumit, Bhagyashri at Paralympic opening ceremony
Rao was a Congress MP from Andhra Pradesh and served as the Union minister of state for coal.
'The race is now on for Indian IT firms to develop their AI prowess and focus on a software-first approach to services as the people element becomes more complicated with Trump's expected new regulations.'
Prime Minister Narendra Modi on Tuesday visited the Sivagiri Mutt, a revered spiritual centre established in Varkala, Kerala by the renowned 20th century saint-social reformer Sree Narayana Guru, and paid respects at his samadhi.
Squarely blaming the bureaucracy for India's slow progress, Infosys mentor Narayana Murthy said in order to bring accountability, the government needs to start performance-linked incentives.
Narayana Murthy requested the government to make commuting easier and provide healthcare facilities.
Infosys Ltd co-founder N.R. Narayana Murthy is close to entering into an e-commerce joint venture in India with Amazon.com Inc through his investment firm, Catamaran Ventures.
NR Narayana Murthy came out of retirement in June to run a floundering Infosys.
Infosys Technologies Chairman N R Narayana Murthy on Wednesday said corruption has become pervasive in institutions in the country and there is a strong incentive for politicians to keep people ignorant and illiterate.
Describing Murthy as a business icon, T V Mohandas Pai, former CFO of Infosys, said he is more than eminently suited to hold the position of Chairman Emeritus.
Software major Infosys Technologies Chief Mentor N R Narayana Murthy has, for the fifth year running, emerged the most admired business leader of India amongst B-schools across the country.
Infosys Chairman N R Narayana Murthy has cautioned that any protectionism that prevents free flow of capital, human talent and technological expertise, would 'set the clock back by decades' in terms of growth in productivity.
N R Narayana Murthy, who stepped down as executive chairman of Infosys last month, says he is keen to take up a professorship so that he could be with younger people.
Deve Gowda had said that the Infosys boss had made no contribution in the last five years to bring the Bangalore International Airport Limited to fruition.
Prime Minister Narendra Modi, his cabinet colleagues Amit Shah, Nitin Gadkari, J P Nadda and several other leaders and prominent personalities were present at the ceremony.
Infosys chairman N R Narayana Murthy may still be smarting from a spat with a politician, but he was on Saturday asked by Singapore's Prime Minister Lee Kuan Yew
We are Indians but it is not necessary to be Indian in every one of our aspirations.
