Start Up India to boost entrepreneurship, jobs: Murthy

At the end of the day... it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create even more jobs, he said while commenting on the Start Up India initiative
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Jan 14, 2016, 11.07 AM | Source: PTI

Start Up India to boost entrepreneurship, jobs: Murthy

"At the end of the day... it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create even more jobs," he said while commenting on the Start Up India initiative

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Start Up India to boost entrepreneurship, jobs: Murthy

"At the end of the day... it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create even more jobs," he said while commenting on the Start Up India initiative

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Appreciating Prime Minister Narendra Modi's Start-Up India initiative, Infosys co-founder Narayana Murthy today said it will encourage entrepreneurship and generate jobs.

"At the end of the day... it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create even more jobs," he said while commenting on the Start Up India initiative.

The Prime Minister during his Independence Day speech had announced that government would launch Start Up India programme to encourage innovation and young entrepreneurs. Modi is slated to unveil the action plan under the initiative on January 16. Recalling that Infosys itself was a start-up company, Murthy said it has generated 1.70 lakh "good jobs" for youngsters in the country.

He further said start-ups attract a lot of finance and can create 3-4 times more jobs than listed companies. By encouraging start-ups, Murthy told reporters that the country can "create more and more jobs with more and more income, more and more disposable income".

Infosys stock price

On May 25, 2016, at 12:40 hrs Infosys was quoting at Rs 1205.05, up Rs 16.85, or 1.42 percent. The 52-week high of the share was Rs 1267.90 and the 52-week low was Rs 932.55.


The company's trailing 12-month (TTM) EPS was at Rs 68.72 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 17.54. The latest book value of the company is Rs 209.27 per share. At current value, the price-to-book value of the company is 5.76.

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Start Up India to boost entrepreneurship, jobs: Murthy

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