Friday, March 29

Search Results for: narayan murthy

Narayana Murthy’s Son-in-law in UK Govt

Rishi Sunak, the son-in-law of Infosys chief Narayana Murthy, is among two new Indian-origin MPs to be inducted into the UK government by British Prime Minister Theresa May following the recent reshuffle of her team of ministers. Sunak, 37, a Conservative party MP for Richmond (Yorkshire), has been appointed the new parliamentary under- secretary of state […]

Sad over recent IT layoffs: Narayana Murthy

Founder Chairman of Infosys N R Narayana Murthy today expressed sadness over the IT companies laying off their employees as part of their cost cutting strategy. “…It is sad…,” Murthy told in an email reply to a Pixr8 query about recent IT layoffs. Murthy, however, did not elaborate on the matter. Infosys had announced that […]

Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy

To transform India’s economy, there is a need to reduce “friction” in businesses and create an “environment” wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said. For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that […]

Mohandas Pai Backs Narayana Murthy; Says COO Payment is Huge But Not Performance

Backing Infosys co-founder N R Narayana Murthy’s view on pay hike to COO U B Pravin Rao being “not proper,” company’s ex-director T V Mohandas Pai today said the salary in this case is “spectacular” but performance is not. Alleging that Infosys’ board was “misguided”, Pai said the “”fundamental problem” was the pay hike given […]

Move to Withdraw Rs 500, 1,000 Notes Master Stroke: Narayana Murthy

Terming the decision to demonetise Rs 500 and Rs 1,000 currency notes as a “master stroke”, IT czar N R Narayana Murthy today said the move will address issues like black money and corruption and also help the economy become more digital. “Prime Minister is working hard to reduce corruption. Black money is a scourge […]

We Are Far, Far Away From Smart Cities: Narayana Murthy

Infosys co-founder NR Narayana Murthy today said the country was “far, far away” from realising the ambition of developing smart cities, a flagship programme of the Narendra Modi government. “Since we are far, far away from smart cities, I did not talk about it,” Murthy said, when asked why he did not mention the smart […]

Start Up India to boost entrepreneurship, jobs: Narayana Murthy

NEW DELHI: Appreciating Prime Minister Narendra Modi’s Start Up India initiative, Infosys co-founder Narayana Murthy today said it will encourage entrepreneurship and generate jobs. “At the end of the day… it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create […]

Insurance-Tech Startup Coverfox raises $22 Mn in Series C Funding

India’s online insurance platform, Coverfox has managed to secure $22 million in a series C fundraising exercise led by IFC, a World Bank off-shoot, and Transamerica. Some of the company’s existing investors also participated in the round. Company’s former fundraising round that combined Series A and B together had received $17 million from leading investors such […]

Raghuram Rajan Leaving Not a Good Sign For Indian Economy: ASSOCHAM

The ASSOCHAM has said at a time when a tumultuous global economy posed several risks to India along with the banks grappling with an unprecedented challenge of mounting non-performing assets, the decision of Reserve Bank of India (RBI) Governor Raghuram Rajan to not continue with his current post after the end of his tenure was […]