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August 2019
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I find nets claustrophobic, prefer centre wicket for match simulation: Kohli        Rahane's 81 only saving grace in India 203 for 6 on day 1        No more dessert names, Google to officially call new OS 'Android 10'        Sensex, Nifty rebound on hopes of FPI tax rollback        Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi        Two Govt hospitals in Pak deny specialised ambulance facility to Sharif        UN, France raise concern over Amazon wildfires 'crisis'        INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter        Always said demonising Modi wrong: Singhvi        Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion        FM proposes measures to enhance fund flows for infra, housing projs        FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials        Vivek Oberoi to star in film on Balakot air strikes        It's better to get hit early and hard: Kohli on bouncers        Messi 'made me better player', says Ronaldo        Nirav Modi to appear via videolink for remand hearing in UK        Rupee slips 17 paise to 71.72 vs USD in early trade        US seeking balancing act in South Asia over Kashmir: Report        Pro-growth RBI minutes to cap yields; revives expectations for further policy easing        N Korea dismisses nuclear talks if US 'hostile military moves' continue        
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Business News
Blunt talk needed in country today, Murthy says, cites his spat with Sikka
 
Mumbai: Infosys co-founder Narayana Murthy said Saturday that looking at "what is happening in different parts of the country today", the youth need to state bluntly that this was not the country for which our forefathers got freedom.

Talking about his spat with Vishal Sikka, Infosys' first non-promoter chief executive who quit in 2017, he said he had to speak up when he saw core values of the IT giant being thrown into the "dustbin".

Speaking at a panel discussion at St Xavier's College here, Murthy referred to Sikka's confrontation with him and other promoters, without naming him, when asked about the concerns he had expressed about the way Infosys was being led after his retirement.

"There was not a single word in public that I have spoken about the business strategy or the actions of the executive," Murthy said.

"However, when the question of value systems we had built for over 33 years making huge sacrifices (came up), when you see those value systems being thrown to dustbin, then automatically the leaders in our society and country have to stand up and express their anguish and disappointment," he said.

"Otherwise we would have allowed those mistakes to continue. (In) 2014 CEO (Sikka) was given 55 per cent hike on (salary of) 7 million USD....COO (then Chief Operating Officer Pravin Rao) was given 30 per cent hike. No middle-level fellow was given any salary increase," he said.

"Security guards (were) told to work an extra day without increase in salary or overtime. I think that is a serious violation of values," he added.

"Therefore, if somebody like me who built the company from scratch with the help of six junior colleagues, if I don't stand up for the erosion of the value systems, then I would have failed in our duty singularly," Murthy added.

If the core values of Infosys such as "leadership by example, fairness, transparency, accountability" were "thrown to the dust, then you have to stand up and voice your anguish and disappointment", he stated.

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

Murthy further made the point that Indians generally tend not to "displease" anybody even when it is needed.

"If you look at what is happening in different parts of the country today, it is time that we, especially the youth, stood up and say this is not the kind of the country our forefathers had got the freedom for.

"But how many of us are doing it? Nobody is doing it, sadly. That's the reason why this country is in this state that it is. Nobody wants to displease anybody by saying what is wrong," he added.


No more dessert names, Google to officially call new OS 'Android 10'
Sensex, Nifty rebound on hopes of FPI tax rollback
Nirav Modi to appear via videolink for remand hearing in UK
Rupee slips 17 paise to 71.72 vs USD in early trade
SBI plans to establish nearly 10 lakh YONO Cash Points
Sensex tumbles 268 pts; Tata Motors tanks 9 pc
Huawei dismisses new suspension of 'unjust' US ban
Rupee hits fresh 6-mth low of 71.71; dives 28 paise
China lost 20 lakhs jobs in short period of time: Trump
Rupee plunges to over 6-mth low of 71.43; skids 29 paise
Ready to help J&K hold investment summit in Mumbai: Fadnavis
Credit demand subdued, economy needs stimulus: SBI Chairman
Trump says Apple will spend 'vast sums' in US
Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park
Sensex, Nifty edge higher on stimulus talks; post weekly loss
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Airtel shareholders approve waiver in recovery of excess pay to Mittal
Rupee slips 12 paise to 70.93 vs USD in early trade
Gaana looking to break-even in next 4-5 years
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
KERALA NEWS
Malayalam actor, film crew stranded in Himachal village
 Thiruvananthapuram: A 30-member film crew from Kerala, including award-winning actress Manju Warrier  
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INTERNATIONAL NEWS
Despite tensions, Pak stands ready to open Kartarpur Corridor: Qureshi
 Islamabad: Pakistan on Friday said that despite tensions with India, it stands ready to open the Kar
Two Govt hospitals in Pak deny specialised ambulance facility to Sharif
UN, France raise concern over Amazon wildfires 'crisis'
US seeking balancing act in South Asia over Kashmir: Report
NATIONAL NEWS
INX Media: SC grants interim protection to Chidambaram in ED case; no relief in CBI matter
 New Delhi: Congress leader and former union finance minister P Chidambaram was on Friday granted pro
Always said demonising Modi wrong: Singhvi
Alert in Tamil Nadu after intel of Lashkar terrorists' intrusion
FATF Asia-Pacific Group puts Pakistan in terror 'blacklist': Officials
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