Murthy was responding to a query on the changing pattern in Indian electoral system here. Murthy had come along with his wife Sudha Murthy to excercise his franchise in Jayanagar area falling under Bengaluru South parliamentary constituency.
"The biggest challenge we have is to train our youth in being prepared for IoT, machine learning, deep learning, automation etc...youngsters will have to be trained if we want to create a larger and larger number of jobs," Murthy told PTI.
The Bengaluru-headquartered company, he said, created the middle class aspiration in the country and made them think global. Balakrishnan saw it as an extraordinary story of how a few people with little background came together, built a global company and ran it in a legal and ethical manner, still creating enormous amount of wealth and share it with all stakeholders.
Murthy was speaking on the government's demonetisation of high value banknotes in November 2016 at a session with students of Presidency University here.
Rishi Sunak (37), a Conservative party MP for Richmond (Yorkshire), has been appointed the new parliamentary under- secretary of state in the Ministry of Housing, Communities and Local Government as part of a reshuffle.
Terming the trend of no hikes for juniors and freshers as "worrisome," Murthy rued that the senior level people have been taking handsome hikes
In a statement late on Tuesday, Infosys co-founder Narayana Murthy said he stands by the questions he had raised on corporate governance at the company.
The iconic co-founder of infosys also said that he has seen the impact of not having clean cookstoves. "I come from a family of lower middle class. My father was a high school teacher. We were 8 children. My siblings and I have watched our mother cooking breakfast, lunch and dinner using woodstove and the poor lady had to work very hard.
"...children have to be encouraged and equipped to become contributors to solving huge problems that confront us everyday. India probably has more problems facing its citizens than any other country in the world," Murthy said while delivering the first Professor MGK Menon Memorial Lecture last evening.
In his first press conference since returning to Infosys, the newly-appointed Chairman said he represents 100% of the shareholders.
Narayana Murthy postponed his conference call with investors citing health issues, according to Investec.
Narayana Murthy’s shareholding may be minuscule but his influence has been large and so has the damage he has caused
In every corporate spat, the biggest price is usually paid by the minority shareholders and Infosys is unlikely to be any different.
"We have reached a situation that is not tenable," Infosys co-chairman Ravi Venkatesan said, adding that the Board's decisions have not gone down well with the founders.
Whether this is a particularly unpleasant hiccup for the Infy stock or the beginning of the end will depend on how well the company’s board has understood the Sikka mantra and the kind of individual they get as a replacement.
The Board has, over the course of the past year, tried to resolve the concerns raised by the founders but has been unsuccessful, the Infosys board said in a letter.
Over the last many months and quarters, we have all been besieged by false, baseless, malicious and increasingly personal attacks. Allegations that have been repeatedly proven false and baseless by multiple, independent investigations. But despite this, the attacks continue, and worse still, amplified by the very people from whom we all expected the most steadfast support in this great transformation.”
Infosys co-chairman Ravi Venkatesan opens up on all issues that have dogged the company recently.
Venkatesan was responding to a query whether the company would prefer to see Murthy, who has been flagging falling corporate governance standards, as shareholder activist or a well-wisher.
Over the past few months, the Bengaluru-based tech giant has been receiving flak from some of the founders and former employees over alleged governance lapses and high compensation doled out to key executives.
Over the last 5 years, TCS has outperformed the Infosys stock by 42 percent.
Murthy has denied it, Sikka told CNBC-TV18 in an exclusive interview. “I have deep trust for them (founders) and respect them,” he said.
People privy to the development told ET that the promoters group, led by NR Narayana Murthy and Nandan Nilekani might sell their entire 12.72 percent stake in Infosys, which is worth around Rs 28,000 crore.
The Times of India newspaper on Friday had reported the Infosys founders were exploring such a sale, citing people familiar with the developments, although it carried a denial of such a move by one of the firm's founders, Narayana Murthy.
NR Narayana Murthy, the father of Indian IT industry and founder of Infosys, has a prescription for the industry in these tough times.