Cricket back in Olympics after 100 years because of India: Former UK PM Sunak
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.
Sudha Murty, who was on Friday nominated to the Rajya Sabha by the President, holds a 0.83 per cent stake in IT bellwether Infosys which at current prices is worth close to Rs 5,600 crore. The 73-year-old philanthropist is the wife of Infosys co-founder NR Narayana Murthy. She is the chairperson of the Murty Trust and has authored several books.
One possible way of accelerating National Education Policy's outcome is to invite 10,000 retired highly accomplished teachers from the developed world and from India in STEM areas to create 2,500 "Train the Teacher" colleges in the country's 28 states and eight union territories, Murthy said.
NR Narayana Murthy came out of retirement in June to run a floundering Infosys.
Narayana Murthy said reality is 'what you make.'
Domestic traders body CAIT on Thursday claimed that e-commerce major Amazon's plan to acquire Prione Business Services - its joint venture firm with Catamaran - will be a violation of foreign direct investment policy. Amazon has said it will acquire Prione Business Services, subject to requisite regulatory approvals. In August, Amazon and NR Narayana Murthy's Catamaran had announced that they will not continue their joint venture Prione Business Services beyond May 2022.
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.
Grandchildren and books will take up most of NR Narayana Murthy's time after he retires for the second time from the company he co-founded with six friends over three decades ago.
An Oxford, and Stanford University alumnae, Sunak is famously married to Akshata Murty, the daughter of billionaire Narayana Murthy.
The company is reaping the benefits of change as focus shifts back to traditionally-profitable businesses and deal volumes.
Rohan Murty, Infosys co-founder NR Narayana Murthy's son, is working as an executive assistant to his father, CEO and Managing Director SD Shibulal said on Friday, addressing concerns about his role.
Murthy created today's situation by pushing into leadership positions people who should not have been there.
Expressing hope that new Finance Minister P Chidambaram will "set right" things at the earliest, business leader NR Narayana Murthy on Friday said the government and the opposition should declare that they would never do anything on "retrospective basis".
A brilliant academic record, a self-effacing demeanour and a willingness to work hard - plus the famous Murthy DNA, even if he spells his surname differently. But do these justify Rohan Murty's entry into Infosys?
Asks India Inc for a list of concerns in 4 weeks, to coordinate policy response within 60 days; FM says prevailing cynicism based on perception, not facts.
Infosys Chairman NR Narayana Murthy in conversation with Maheshwer Peri of Careers360.
Indian companies can help Pakistan strengthen its IT-BPO industry by sharing expertise and best practices with their Pakistani counterparts, Infosys Chief Mentor NR Narayana Murthy said.
A dedicated team makes sure the information technology brand grows from strength to strength. Here's how
Kriti Mehra (ISB Class of 2010) shares her experience of meeting Kiran Mazumdar Shaw, CEO of Biocon.
Ajay Lakhotia, an ISB student, shares his experience of spending the day with former managing director and CEO of ICICI Bank KV Kamath and the management lessons that this young MBA grad has learnt from the banking veteran.
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.
"I have always believed that innovation has an important role, not only in software but in any business."
Murthy's fund, which has invested through Catamaran Management Services, will hold 1.3 per cent in the company after the IPO.
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.
Infosys chairman NR Narayana Murthy has been appointed to the board of trustees of Asia Business Council, a non-profit consortium of 43 CEO-level business leaders, mainly from Asia.
E-commerce major Amazon on Wednesday said it will acquire Prione Business Services - its joint venture firm with Catamaran, subject to requisite regulatory approvals. Prione Business Services was formed in 2014 and was coming up for renewal on May 19, 2022. In August this year, Amazon and NR Narayana Murthy's Catamaran announced that they will not continue their JV beyond May 2022. The two parties had not disclosed the reason behind the decision.
IT services major Infosys has said wife of one of its co-founder Nandan Nilekani, Rohini Nilekani has raised about Rs 163.58 crore by selling 5.77 lakh of her shares of the company for philanthropic work.
'Think of the poorest retail investor before you decide to go for an IPO'
Infosys CEO Salil Parekh, has praised the company's founders for building an "incredible organisation", and exuded confidence that the firm which "has always been solid" will "continue with that stability." Parekh - who steered the firm to stability after a bitter spat between founders and then-management a few years back - believes that Infosys is "well positioned" to leverage tech-led growth opportunities over the next several years. Parekh took over at the helm in January 2018, after a standoff between board and founders, including NR Narayana Murthy, over issues such as governance, led to the exit of then-CEO Vishal Sikka.
Indian Sellers Collective (ISC), a trade association of micro and small enterprises and family businesses, on Wednesday urged IT veteran NR Narayana Murthy to cooperate in the Competition Commission of India's antitrust probe against Amazon for alleged anti-competitive practices. In 2014, Murthy's Catamaran and Amazon had formed a joint venture, Prione Business Services. On Monday, the partners announced that they have mutually decided not to continue the JV beyond May 2022. ISC thanked Murthy for deciding to end the joint venture with Amazon.
Murthy, 68, will cease to be the non-executive Chairman with effect from Oct 10.
Weeks after NR Narayana Murthy returned to Infosys, the country's second largest software exporter on Tuesday saw its global sales and marketing head Basab Pradhan quitting the company.
Vishal Sikka talks about his chemistry with N R Narayana Murthy and about his plans to strengthen the leadership team.
Pratt, who joined the firm in 2004, has left the company to start his own entrepreneurial venture.
As per the award, Infosys is required to pay Bansal the outstanding severance amount of Rs 12.17 crore, with interest
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
The matter pertains to the Rs 173.8 million severance offer given to former CFO Rajiv Bansal in October 2015 when he was allegedly forced to step down due to differences with then chief executive Vishal Sikka over the acquisition of Israeli technology firm Panaya for $200 million.
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