Latest news with #NarayanaMurthy
Time of India
3 hours ago
- Business
- Time of India
Infosys promoters get Rs 2,330 crore as dividend
Bengaluru/Mumbai: Infosys promoters hold an impressive 54.2 crore shares, a stake so significant that the company's latest dividend payout at Rs 43 per share translated into a staggering Rs 2,330 crore, shared among them. Infosys announced a total dividend of Rs 43 per share, including an interim dividend of Rs 21 per share for the 2024-25 financial year. The total payout is a 52% jump compared to the Rs 1,527 crore dividend payout in the 2023-24 financial year. Its chairman, Nandan Nilekani, owns 4 crore shares, earning him Rs 175 crore in dividends. Infosys co-founder NR Narayana Murthy holds 1.5 crore shares, reaping Rs 65 crore in dividends. The other promoters include Kris Gopalakrishnan with nearly 3.2 crore shares and dividends of Rs 137 crore. Sudha Gopalakrishnan maintains the highest individual shareholding of 9.5 crore shares, resulting in dividend earnings of Rs 410 crore. Additionally, other promoters Asha Dinesh and Dinesh Krishnaswamy possess nearly 4 crore and 3.2 crore shares, receiving Rs 165.9 crore and Rs 139.7 crore respectively in dividends. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Blaina: If You Were Born Between 1945-1974 You Could Be Eligible For This British Seniors Read More Undo The next generation maintains substantial holdings. Narayana Murthy's son, Rohan Murty, owns 6 crore shares, yielding Rs 261.5 crore in dividends, while Akshata Murty's 3.8 crore shares earned Rs 167 crore. Effective 2024-25 financial year, the company continues its policy of returning approximately 85% of the free cash flow cumulatively over a five-year period through a combination of semi-annual dividends, buybacks, and special dividends. During the year ended March, on account of the final and special dividend for fiscal 2024 and interim dividend for fiscal 2025, the company incurred a net cash outflow of Rs 20,345 crore. The company returned approximately Rs 88,400 crore, which is 85% of the cumulative free cash flow for fiscals 2023-2024 through dividends and buybacks, in line with the capital allocation policy. Affluent heirs: High-net worth grandchildren The next generation maintains substantial holdings. Narayana Murthy's son, Rohan Murty, owns 6 crore shares, yielding Rs 261.5 crore in dividends, while Akshata Murty's 3.8 crore shares earned Rs 167 crore. The third generation of Infosys promoters is now emerging into the spotlight, with some of the grandchildren holding significant stakes. Among them, Nikita and Milan Shibulal Manchanda each earned Rs 26.3 crore in dividends, holding 61 lakh shares apiece. Tanush Nilekani Chandra received Rs 14 crore for his 33.5 lakh shares, while the youngest shareholder, Ekagrah Rohan Murty, earned Rs 6.5 crore in dividends from his 15 lakh shares.
India.com
3 days ago
- Business
- India.com
Bad news for employees of this company as it sacked many employees due to…, not Narayana Murthy's Infosys, Google, Microsoft, IBM, Ratan Tata's TCS, name is…
Bad news for employees of this company as it sacked many employees due to..., not Narayana Murthy's Infosys, Google, Microsoft, IBM, Ratan Tata's TCS, name is... Photo: istock Recent months have been bad for tech employees as several big companies such as Google, Microsoft, and IBM have laid off hundreds of employees. In the same row, employment-oriented social network LinkedIn is going to lay off as many as 281 employees across California. The decision is going to impact the company, reports claimed. The Microsoft-owned professional networking platform has already notified affected employees about the job cuts. The layoffs include 159 roles in Mountain View, 60 in San Francisco, 23 in Sunnyvale, 11 in Carpinteria, and 28 remote workers in California. Larger Wave Of Job Reductions This major decision appears to be part of a broader round of job cuts at the parent company, Microsoft. It is worth noting that 122 Microsoft employees in the Bay Area were terminated earlier this month, as part of the company's plan to reduce its workforce by approximately 6,000 jobs overall. In April, Microsoft CEO Satya Nadella said that AI is writing up to 30 percent of the company's code, a major reason behind job cuts. As per WARN filing, seen by SF Gate, LinkedIn has laid off hundreds of software engineers. in Mountain View alone the company has fired as many as 71 crucial positions across the categories of software engineers, including staff and senior titles. Notably, this layoff does not include additional specialists working in machine learning, DevOps, and systems infrastructure. However, some of them are also affected. The filing further mentions designations such as desk strategists, product managers, designers among others are impacted. No Details About The Full Extent Of Layoffs The report doesn't have details about the full extent of the layoffs by LinkedIn, which is headquartered in Sunnyvale and Mountain View with several other offices across the world. Neither LinkedIn nor its parent company Microsoft have commented on the reasons for the job cuts, severance packages, or the possibility of future layoffs. This contrasts with 2023, when CEO Ryan Roslansky publicly explained a round of 716 job cuts via email. No such public statement has accompanied these latest reductions. LinkedIn's website currently lists its full-time employee count as between 18,400 and 18,500.
India.com
5 days ago
- Business
- India.com
Mass firing in this company as 8000 employees sacked due to...,not Narayana Murthy's Infosys, Ratan Tata's TCS, Wipro, name is...
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) IBM layoff update: In a significant news update for employees of the IT sector, famous tech company IBM has reportedly laid off about 8,000 employees. In the recent development, the global IT giant has fired employees most of whom were associated with the HR section. Here are all the developments you need to know about the recent layoff at IBM. It is widely known that IBM CEO Indian-origin Arvind Krishna is very supportive of company's increasing reliance on automation and the recent layoff could be in line with the objective of the company, a report carried by Business Today said. Also, readers should note that IMB's move aimed at reducing the HR workforce is not new and rarlier this month, IBM had replaced about 200 HR positions relating to answering frequently asked questions with with Artificial Intelligence, in a step to reduce paperwork and managing HR data. India, IBM to explore potential collaborations in quantum, AI In another significant development on IBM, the Indian government and IBM are exploring opportunities to collaborate on quantum computing, artificial intelligence (AI), and geospatial AI solutions, the Ministry of Science and Technology announced as per a report by news agency IANS. IBM's Global Head, Arvind Krishna, met Union Minister Dr Jitendra Singh to discuss how the two sides can work together in these advanced technology fields. The meeting took place as India pushes forward with its National Quantum Mission, an initiative aimed at making the country a global leader in quantum technology. Both sides recognised India's rapid transformation under Prime Minister Narendra Modi, which has placed the country at the forefront of AI and next-generation innovations. (With inputs from agencies)
India.com
6 days ago
- Business
- India.com
Ratan Tata's TCS CEO earned Rs 260000000 salary, Azim Premji's Wipro, Narayana Murthy's Infosys CEO earns…, India's highest paid IT CEO is…
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) CEO and MD of TCS, K Krithivasan, earned Rs 26.52 crores in salary in FY25. It's hiked by around 4.6 percent from FY24, according to the company's annual report. This included a base salary of Rs 1.39 crore, Rs 2.12 crores in benefits, perquisites, and allowances, and Rs 23 crores in commissions. However in FY24, HCLTech's CEO, C. Vijayakumar, was the highest-paid Indian IT CEO who was earning Rs 84.16 crore. Infosys CEO Salil Parekh earned Rs. 66.25 crores in FY24. Wipro's newly appointed CEO Srini Pallia got a package of around Rs. 50 crores. TCS COO Salary In Q4FY25, TCS appointed Aarthi Subramanian as the chief operating officer (COO) after the retirement of NG Subramaniam (NGS). Subramanian will earn a basic salary of Rs. 10,80,000 per month, from May 1, 2025, with a maximum of Rs. 15,00,000 per month. NGS earlier earned Rs 11.55 crores in FY25, as compared to Rs 26.18 crores in full year FY24, which was also higher than Krithivasan's package. TCS Employee Hike The percentage increase in the median remuneration of employees in FY25 was 6.3 percent. 'The average annual increase was in the range of 4.5-7 percent, with top performers receiving double digit increment in India. However, during the course of the year, the total increase is in the range of 5.5-7.5 percent, after accounting for promotions and other event based compensation revisions,' the report stated, adding, 'Employees outside India received a wage increase varying from 1.5-6 percent.' 'The increase in remuneration is in line with the market trends in the respective countries. In order to ensure that remuneration reflects the Company's performance, the performance pay is also linked to organization performance and individual utilization in addition to individual performance,' the report explained.
India.com
6 days ago
- Business
- India.com
Narayana Murthy BIG move, Infosys Founder donates Rs 12 crore to IIMA for…, Merit Scholarship to…, students to…
More bad news for Infosys employees as Narayana Murthy's company sacks 370 employees due to... New Delhi: Narayana Murthy has signed a Memorandum of Understanding (MoU) with Indian Institute of Management Ahmedabad (IIMA) to establish an inflation-adjusted, full-fee scholarship. The MoU will cover the recipient's annual tuition fee, hostel expenses, course material and mess charges for the two-year Post Graduate Programme (PGP) at IIMA. According to the reports, the scholarship, named 'Professor Jaswant G Krishnayya Merit Scholarship,' will be awarded annually to an eligible student who achieves the highest CGPA in the first year of the PGP program. The Infosys founder has committed to funding the scholarship for a period of 20 years. The aggregate payout for the scholarship over 20 years is estimated at Rs 12 crores. Pankaj Patel, Chairperson, IIMA Board of Governors and Chairman, Zydus Lifesciences, said, 'Narayana Murthy's bond with IIMA began in 1969 as Chief Systems Programmer and deepened further when he served as Chairman of the Institute from 2002 to 2007. This scholarship reflects his continued commitment to IIMA's mission and to the transformative power of education. We are honoured by his gesture, which pays tribute to a respected faculty member and supports future generations of leaders.' Prof. Bharat Bhasker, Director, IIMA, remarked, 'This generous scholarship is a celebration of excellence, mentorship and impact. We are deeply grateful to Murthy for honouring Professor Krishnayya's legacy in such a meaningful way. It reflects IIMA's vision of enabling merit- based access to management education while paying tribute to those who helped build this Institute into what it is today.' Murthy stated, 'I am pleased to establish this scholarship at IIMA in honour of Professor Jaswant G Krishnayya's enduring legacy and significant contributions to IIMA. This scholarship also serves as a testament to Professor Krishnayya's pivotal role in shaping my early life and career. It is my hope that this scholarship will inspire students to strive for excellence and make a positive impact on the world.'
