Narayan Murthy

Murthy said the whole idea of working from the office three days a week and working from home is not the way young Indians should behave at this point in time

Infosys co-founder NR Narayana Murthy on Thursday said India lacks quality market research firms, which leads to over-estimation of the opportunity by unicorns and eventually reporting of huge losses. "One of the lacunae in India at this point in time is that we do not have a company that specialises in quality market research," Murthy said. This leads to the entrepreneurs who have created unicorns to overestimate the market opportunity and investments in venture capital funds as well, he added. Companies spend much more than what they should because of this and then wake up to reverses in the business, Murthy said while speaking at an event organised by Symbiosis International here. "...the reality sinks in at the end of the year. Your revenues have not gone up, but the expenses have gone up, with the result you make huge losses," he noted. Murthy made the point while underscoring the importance of market research during an interaction with students and said he had to shut his fi

Touching upon the issue of layoffs, Murthy said that it seems to have become a worldwide phenomenon as several companies are indulging in it

There is no suggestion of wrongdoing by Infosys, the newspaper highlights

The Infosys founder was addressing students and researchers at the GMR Institute of Technology in Andhra Pradesh, which was observing its Silver Jubilee Year

The startup, based both in Boston and Bangalore, gets a real-time view of how people in teams get work done by using machine learning

Software giant Infosys declared an interim dividend of Rs 16.50 per equity share for shareholders for 2022-23, while Akshata Murthy, wife of UK PM Rishi Sunak, will get a dividend of Rs 64.27 crore.

According to The Sunday Times', Sunak's team believes an Opposition Labour Party supporting government official dubbed "red throat" is responsible for the leak

Murthy is the daughter of Indian billionaire, Infosys Ltd. co-founder Narayana Murthy, and she owns 0.93% of the company's shares, according to Bloomberg data.

Sunak who is married to Murthy's daughter Akshata, was speaking in reference to recent attacks on his wife and her family over the continued presence of Infosys in Moscow amid Russia-Ukraine conflict

Sunak's wife, Akshata Murthy, has a stake worth hundreds of millions in Infosys, founded by her billionaire father Narayana Murthy

The company has committed $1 million towards relief efforts for war victims from Ukraine

The UK Chancellor said he had "nothing to do" with Infosys, in which his wife Akshata Murthy holds shares

The Indian-origin finance minister who is the son-in-law of Infosys co-founder Narayana Murthy was asked on air if his advice to businesses was not being followed within his own home

Murthy was speaking at the awards ceremony of Infosys Prize 2021

The Infosys co-founder said on Tuesday that being a good citizen is about treating the society as one's own.

Panchajanya attack makes Infosys first big corporate to fall victim to RSS and its affiliates hit-and-run tactics

Aon had acquired a 49 percent stake from former Infosys Chairman N R N Murthy's Catamaran Ventures in 2020

The relationship between Murthy and Bezos dates to 2014, when Prione, a 49:51 joint venture (JV) between Amazon and Murthy's venture capital company Catamaran, was formed

Business Standard brings to you top headlines on Tuesday