Latest news with #NRNarayanaMurthy
Mint
07-07-2025
- Business
- Mint
Infosys sends warning emails to staff clocking extra hours, prioritises well-being
Infosys is now sending warning emails to employees logging extra work hours, marking a clear shift from founder N R Narayana Murthy's recent call for a 70-hour workweek. According to a report by The Economic Times, the company has rolled out an automated system that tracks how long employees work each day, particularly while working remotely. Anyone consistently crossing the 9-hour 15-minute threshold receives a formal caution from HR. An Infosys employee told ET, 'If we overshoot the daily limit while working remotely, the system triggers a notification.' The alerts, sent monthly, include a detailed breakdown of remote working days, total hours worked, and daily averages. While Infosys says it appreciates commitment, the company also stresses the need for balance. 'Maintaining a healthy work-life balance is crucial for both your well-being and long-term professional success,' the HR email reportedly states. "We understand that work demands and deadlines can sometimes lead to longer hours. However, it is important to maintain a balanced work-life schedule to enhance productivity and overall happiness," the email added. "Take regular breaks during your workday; Let your manager know if you are feeling overwhelmed or need support with reviewing priorities. Speak to your manager about delegating tasks or redistributing some responsibilities as appropriate; Take time to recharge during off hours, minimising work-related interactions whenever possible," the email further read. The monitoring system comes after Infosys shifted to a hybrid model, requiring staff to work from the office at least 10 days a month. It also reflects a growing focus on employee well-being in India's IT sector, where mental health and sustainable productivity are being prioritised over long work hours. The move is being seen as a quiet rebuke to Narayana Murthy's widely debated suggestion that Indian youth should commit to 70-hour workweeks to boost national productivity. Infosys, however, appears to be taking a different path, one that puts health and balance ahead of hustle culture.
India.com
03-07-2025
- Business
- India.com
Narayana Murthy, Sudha Murthy plans BIG, eye joint ventures in…, aim to replicate success like…
Catamaran is the family office of Infosys founder NR Narayana Murthy and his wife Sudha Murthy. It is looking out for joint ventures (JVs), which can give the success they achieved with global giants like Amazon and Aon as reported by Moneycontrol . Success Of Past JVs In 2014, Catamaran and Amazon had jointly set up Cloudtail as a 51:49 platform had trained sellers to sell on Amazon, and became one of the top sellers on the e-commerce platform. As this JV was successful, in 2021, both announced exiting Cloudtail due to changing landscape and e-commerce rules. Within this short period, the Murthys earned over $110 million (Rs 915 crore) in profits in eight years. The investment was of Rs $50 million (Rs 417 crore) from the JV, as per media reports. After this success, the family office started looking out for similar ventures. Catamaran's New Plan In 2025, precision manufacturing is a big theme for Catamaran because they think that partnership with new edge technology can create jobs and value. 'Think about…the Amazon JV — bringing a global platform, building locally, and creating jobs. We want to do the same in precision manufacturing. But we don't want to play just in original equipment manufacturers (OEMs) or high-volume, low-margin businesses. We want to build the supply chain,' Ranganath MD, Chairman at Catamaran told Moneycontrol in an interview. Catamaran is also planning to focus on precision manufacturing in Electric vehicle (EV) supply chains, electronics, aerospace and more. 'But we're clear: we don't claim to know manufacturing better than domain experts. If we do a JV in this space, it'll probably be a three-way partnership,' Ranganath MD added. While talking about three-way partnership in the same interview, he said: 'Catamaran will bring the capital and India know-how, the Indian promoter brings local expertise and a third partner will bring global manufacturing tech and process knowledge.'
Indian Express
27-06-2025
- Business
- Indian Express
Infosys founder Narayana Murthy visits GIFT City; interacts with students, officials at offshore campuses of Australian universities, school
Infosys founder N R Narayana Murthy visited Gujarat International Finance Tec-City (GIFT City) on Friday and met officials and students of Australian universities and a school, which have opened offshore campuses there. Murthy's visit comes a day after Union Finance Minister Nirmala Sitharaman visited the International Financial Services Centre (IFSCA) at GIFT City on Thursday where she held review meetings with union secretaries, RBI officials and also met representatives of 21 institutions, including insurance, banking, funds, finance companies, capital markets, ship and aircraft leasing firms. As Murthy interacted with students of Jamnabai Narsee School, Deakin University, and the University of Wollongong, he encouraged them to dream big, work hard, and strive for excellence in all their pursuits, inspiring the next generation of leaders and innovators. Murthy also held a detailed meeting with GIFT City chairman Dr Hasmukh Adhia; Managing Director and Group CEO of GIFT City, Tapan Ray; and Chairman of IFSCA, K Rajaraman. As per the statement, Murthy emphasised the need to create an environment that 'fosters innovation, and deepening collaboration between academia and industry to support GIFT City's long-term growth as a fintech powerhouse'. Infosys inaugurated a development centre in GIFT City earlier this month that will offer a state-of-the-art hybrid working environment for over 1,000 employees, a statement said. It will function as a key techfin hub, delivering advanced digital solutions for global BFSI (Banking, Financial Service and Insurance) clients. Its services will span critical domains, including digital banking, regulatory affairs, trade finance, capital markets, cards and payments, as well as risk and compliance management.
Time of India
21-06-2025
- Business
- Time of India
Infosys founder Narayana Murthy on why he sees no difference between management and technology graduates
Infosys co-founder NR Narayana Murthy has emphasized that management and technology graduates are equally valuable in an AI-driven world, arguing that both disciplines tackle problems at different but complementary levels rather than competing with each other. In his conversation with MoneyControl, the tech veteran dismissed any hierarchy between the two fields, stating that artificial intelligence creates opportunities for both streams of professionals. "I do not see any difference between a management graduate and a technology graduate because they attack the problem at different levels," Murthy explained. Different approaches, shared goals in problem-solving The 78-year-old industry pioneer outlined the distinct yet interconnected roles each group plays in organizational success. "One asks 'what,' while the other focuses on 'how.' Technical people look at 'how,' and the management graduates look at 'what,'" he clarified, highlighting how both perspectives are essential for comprehensive problem-solving. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Murthy positioned AI as the great equalizer that enhances capabilities across disciplines rather than favoring one over another. "AI is primarily a technological marvel. It is all about improving productivity. It is all about solving problems that are beyond human effort," he noted, suggesting that both management and technical professionals can leverage AI to amplify their respective strengths. Optimistic outlook for India's brightest minds The Infosys founder expressed strong confidence in India's educational output, regardless of specialization. "So, both are needed. And given that these are some of the brightest people that we have in the country, I am very, very positive," Murthy stated, reflecting his belief that the country's talent pool spans across multiple disciplines. His comments come at a time when debates about the relative value of different educational backgrounds intensify amid rapid technological advancement, with Murthy's perspective offering a more inclusive view of professional competencies in the modern workplace. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
03-06-2025
- Business
- Time of India
Aequs files IPO papers via confidential filing route; seeks to raise up to $200 million
Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, has filed draft papers with the markets regulator Sebi through a confidential pre-filing route , with an aim to raise around USD 200 million. The offer will comprise both a fresh issue of equity shares and an Offer For Sale (OFS) component. In a pubic announcement on Tuesday, Aequs said it has pre-filed a Draft Red Herring Prospectus (DRHP) for an IPO on a confidential basis with the stock markets regulator Sebi and stock exchanges. Accordingly to people familiar with the development, the company is planning to launch an IPO worth USD 200 million. To manage the offering, the company has appointed Kotak Mahindra Capital, JM Financial and IIFL Capital. Live Events The board of directors of Aequs recently passed a resolution for approval to change its status from a private entity to a public company. Aequs had received significant equity infusion over the years from its promoters to scale up operations. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N R Narayana Murthy), Sparta Group and the investment office of Desh Deshpande. Aequs provides a fully vertically integrated, precision manufacturing ecosystem for the aerospace and consumer sectors. It runs manufacturing operations across three countries, India, France, and the USA, to provide supply chain efficiencies to its global customer base in multiple industry verticals. Further, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in Karnataka. Founder and CEO Aravind Melligeri has decades of experience in the aerospace segment and has been the co-founder of Quest Global Engineering. On the financial front, the company's total income was around Rs 988 crore in FY24, and the total operating income was Rs 970 crore. Aequs has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans. Earlier this month, Groww filed its IPO papers through the same route. In recent months, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, also chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar filings. Online hotel aggregator OYO had used this route in 2023 but did not proceed with its IPO. Tata Play, formerly Tata Sky, was the first Indian company to utilise the confidential filing option in December 2022 and received Sebi's observation letter in April 2023, though it later withdrew from the public issue. Market experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage. PTI
