Murthy joins the league of top corporate honchos who have launched private equity funds to assist budding entrepreneurs and upcoming ventures across various sectors in India.
N R Narayana Murthy, chairman and chief mentor of India's second-largest IT services firm Infosys Technologies, has christened his to-be-launched venture capital fund the 'Catamaran Venture Fund'.
Come August 2011, N R Narayana Murthy -- the chairman and chief mentor of India's second-largest IT services firm Infosys Technologies -- will sport the designation of chairman emeritus. It is a position which Infoscions and the senior management team have decided to confer on the person who co-founded the company with six others almost 29 years ago.
Padma Vibhushan awardee Murthy has stepped down as Infosys CEO but continues as its chief mentor and board chairman.
The latest entrant into Kannada films is author and Infosys mentor Narayana Murthy's wife, who will be a part of Prarthane.
Youngsters looking to settle abroad, especially the US, by working in the IT industry should opt for career growth within India, which offers larger growth opportunities than anywhere else in the world, Infosys mentor N R Narayana Murthy said.
Software giant Infosys on Friday came under the security blanket of Central Industrial Security Force (CISF), becoming the first private firm to be protected by the force which usually guards government installations.
With corporate establishments coming under terror radar, software giant Infosys Technologies in Bangalore on Friday became the first private setup to get the cover of the Central Industrial Security Force (CISF) which usually guards only government installations.
Software giant Infosys Technologies will become the first private sector company in India to get security cover from the Central Industrial Security Force, with over 100 personnel to be formally inducted on Friday at its facility in Bangalore.
Here is a list those great men and women who, in the past 20 years, have shaped the course of India Inc.
Nandan Nilekani is stepping down to take up a bigger cause -- heading a government project to provide a unique identity to each of India's citizens. S Gopalakrishnan, the CEO and MD of Infosys and a co-founder of the company, tells Bibhu Ranjan Mishra what Nilekani's exit means for the company.
"I have always believed that innovation has an important role, not only in software but in any business."
Other noted personalities to be bestowed with the Padma Vibhushan include noted playback singer Asha Bhosle, chess wizard Vishwanathan Anand, mountainer Edmund Hillary and industrialists Ratan Naval Tata, Infosys mentor N R Narayana Murthy, steel tycoon Lakshmi Narayan Mittal and hotelier P R S Oberoi.
The fee of Rs 6 lakh consists Rs 1.5 lakh in respect of each application for each alleged offence by the company and Rs 25,000 by each of the current and former key managerial personnel for each alleged offence.
It's debatable whether going back in time -- twice in a span of four years -- by bringing back a once-proven leader at the top is the correct thing to do when Infosys desperately needs to be made future-ready.
Narayana Murthy, chairman and chief mentor of India's second-largest information technology services provider Infosys Technologies, has asserted that he has set up the Catamaran Venture Fund to occupy himself once he retires from Infosys in 2011.
If the Indian son-in-law can become prime minister in another country, could the daughter-in-law have not become one here, especially considering that the Indian culture and tradition is for the bahu to live, think and act like her in-laws, asks N Sathiya Moorthy.
Within days of his appointment as International Advisor on Information Technology to Sri Lankan President Mahinda Rajapaksa, IT czar N R Narayana Murthy on Wednesday quit from the post citing personal reasons.
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Amidst the outrage among certain Satyam employees to Infosys Co-Chairman and Chief Mentor N R Narayana Murthy's statement last week that Infosys would not recruit employees from the disgraced IT firm based in Hyderabad, top Infosys executives on Tuesday stood by their stand. They also couched their views on the Satyam scam in decidedly softer terms. Infosys said that the accounting scandal at Satyam did not call into question the competence of its (Satyam) employees.
Infosys made this position clear, a day after its chairman and chief mentor N R Narayana Murthy reiterated that his company would not act on any CVs received from Satyam employees to ensure that nothing is done that would adversely impact the Hyderabad-based firm's future.
Murthy's fund, which has invested through Catamaran Management Services, will hold 1.3 per cent in the company after the IPO.
Nandan Nilekani exits for a high-profile govt job, but two low-profile founders have built successful careers after quitting.
Within the IT industry, reactions to Barack Obama's historic victory have not been as pessimistic as expected. IT firms have been worried because Obama, as Senator, introduced the Patriot Employer Act of 2007 that gave tax credits for companies that maintain or increase the number of full-time workers in America relative to those outside the US.
Murthy shared his opinion on who will take over as the next chief after his retirement, saying that Infosys has a lot of talented people and indirectly hinted out that somebody loyal to the organisation will take the charge, selected mainly on the basis of merit and competence.
The way to succeed for any new start-up company in the IT services field is to focus on niche areas or small verticals and doing some unusual things, N R Narayana Murthy, chief mentor of Infosys told reporters.
IT major Infosys' top brass, including its directors and senior-most management personnel, got a hefty collective hike of over Rs 10 crore (Rs 100 million) in their pay packets during the last fiscal, with chief financial officer V Balakrishnan leading the tally with a hike of Rs 1.73 crore (Rs 17.3 million).
Parekh in a video address to employees expressed delight on leading the iconic company
Infosys Chairman Narayan Murthy equated the present economic crisis in the US to the Great Depression. "The present crisis in the US reminds me of the 1929 depression. More signals are emanating of the 1929 depression than the 70s' one. I have a suspicion that it (the present crisis) could be a longer one," he said. A recovery from the present crisis may take longer than 18 months, he said.
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Providing an opportunity for the students to be with the country's renowned business personalities, the Hyderabad-based ISB has come up with the 'Shadow the CEO' programme, where one can bid for a person of their choice.
ISB has introduced this concept, christened "Shadow a CEO", to mobilise funds for charity and allow its students to work with the Who's Who of India Inc for a day. Some 16 CEOs have agreed to participate. "We not only want to put the money generated for benefit of the society, but also let our students experience the joy of operating with a CEO for a day," said Ajit Rangnekar, Dean of ISB.
Even as the human resource development ministry downplays allegations of interference in the selection of IIM directors, IIM insiders say a democratic selection procedure will depend on the chairpersons of the IIM boards.
Nilekani, 54, is already credited with repainting India's image globally and will now head an authority that will create a unique electronic database of the country's citizens -- a project that many see as key to plugging loopholes in implementation of welfare schemes. As chairperson of the country's Unique Identification Authority, Nilekani would enjoy the rank of Cabinet minister.
On the second day of the summit, Indian vendors discussed ways to tackle the financial crisis head-on with innovation being the focal point. Most believed that there is enough opportunity within the country for the industry.
Terming payment systems as the backbone of a nation's financial infrastructure, N R Narayana Murthy, chief mentor of Infosys, on Wednesday called for widening the reach of the electronic payment system to rural areas.
In a long e-mail interview, Infosys Co-Chairman Nandan Nilekani speaks about his new post, his company's future, his dreams and aspirations.
"The fact that there may be a slowdown in the US means people will become much more concerned over better value for money. . . we could look at it as an opportunity," Infosys chief mentor N R Narayana Murthy said.
Industry greats like Ratan Tata, Lakshmi Mittal, Narayana Murthy and P R S Oberoi have been nominated for this years Padma Vibhushan.
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