Narayana Murthy

India needs a culture of honesty, no favouritism, quicker decision making and hassle less transactions to prosper as a country, Infosys co-founder N R Narayana Murthy said on Thursday. Speaking at the Asia Economic Dialogue organised by the Ministry of External Affairs here, Murthy said only a small section works hard in the country and a majority of people have not imbibed the culture which is essential to fulfil the aspirations of Prime Minister Narendra Modi. "We need to build a culture of quick decision making, quick implementation, hassle less transactions, honesty in transactions, no favouritism," Murthy said, adding that the only common aspect joining all the developed countries are such cultural attributes. He said both India and China were of the same size in the late 1940s, but the northern neighbour has grown to be six times the size of India courtesy the culture it has imbibed. "There is a small section of India which works hard, which is honest, which has good work eth

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With many in India expressing their happiness, including Sunak's father-in-law and founder of Infosys Narayana Murthy, Congress leader Shashi Tharoor has stirred up a storm on Twitter

"We are proud of him and wish him success," Infosys co-founder Narayana Murthy said in his first comments on the elevation of his son-in-law Rishi Sunak as Britain's prime minister. Sunak, 42, on Sunday won the race to lead the Conservative Party and is now set to become Britain's first prime minister of Indian origin. "Congratulations to Rishi. We are proud of him and we wish him success," Murthy said in first first reaction emailed to PTI. "We are confident he will do his best for the people of the United Kingdom." The son of a pharmacist mother and doctor father, Sunak was educated at one of England's most renowned schools, Winchester, and then Oxford. He spent three years at Goldman Sachs Group Inc. and later gained an MBA from Stanford in California, where he met his wife Akshata Murthy, daughter of Infosys co-founder Narayana Murthy. He married Akshata in 2009 and the couple has two daughters, Krishna and Anoushka.

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The probe also covered further revelations around Sunak having a Green Card two years after being appointed Chancellor of the Exchequer in the UK Cabinet

There is no denying that Infosys must take a major part of the blame for the problem

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Murthy said Indian IT companies will continue to grow anywhere between 7 to 10 per cent with operating margins being between 15 and 20 per cent

Murthy also asserted that shareholders must also be provided access to full details of the investigation carried out after any whistleblower complaint

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Rishi Sunak, who went to Oxford and Stanford, became MP just five years ago

Sunak, the son-in-law of Infosys Co-founder Narayana Murthy, will join Home secretary Priti Patel on the top government bench as UK Chancellor of the Exchequer

Murthy, whose Catamaran Ventures is Amazon's partner in India, was speaking at the e-tailer's SMB event in presence of CEO Jeff Bezos

Infosys co-founders Nandan Nilekani, Krish Gopalakrishnan, S.D. Shibulal and K. Dinesh attended the reception along with their spouses

While Murthy was relentless in his criticism of the erstwhile company board and its CEO for not disclosing information to shareholders, his silence this time has been deafening

Murthy said patriotism implies working for the country, putting its interests ahead of one's personal interests

Sikka quit in 2017 after almost a year of public dispute with Murthy and other promoter shareholders

According to Murthy, independent directors and chairmen of companies cannot be a party to any selective disclosure to just any group of shareholders including the founders