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Entrepreneurs must use that money carefully: Murthy on IPO boom

Inshorts · 8m ago

Entrepreneurs must use that money carefully: Murthy on IPO boom

Infosys Founder NR Narayana Murthy said he is sceptical about IPOs of businesses with high price-to-earnings (P/E) ratio. "It is good. But I am a very old-fashioned, traditional person. I don't understand high P/E businesses," he told Economic Times. "Entrepreneurs must learn to use that money very carefully, control costs, focus on market, grow revenue faster and faster," he added.

Related News

Narayana Murthy regrets not being able to reward Infosys employees better

Livemint

Livemint · 1y ago

Narayana Murthy regrets not being able to reward Infosys employees better

Narayana Murthy, the founder of Infosys, expressed regret for not adequately rewarding early employees who made significant contributions to the company's success. He acknowledged that their contribution was equal to or greater than his own and wished he had thought more carefully about their recognition. Murthy made these remarks during the launch of his book, where he also discussed cleaning his own toilets as a way to teach his children about respect and equality.

Infosys cofounder Narayana Murthy cautions entrepreneurs against AI hype

Economic Times

Economic Times · 4m ago

Infosys cofounder Narayana Murthy cautions entrepreneurs against AI hype

Infosys cofounder N R Narayana Murthy addressed the exaggerated hype around AI in India, noting many systems touted as AI are merely old programming. Speaking at TiECon Mumbai, he emphasized true AI involves machine learning and deep learning. While acknowledging AI can eliminate jobs, Murthy sees potential for economic growth if used appropriately. He urged entrepreneurs to focus on job creation to tackle poverty, arguing that economic growth, not freebies, solves poverty issues.

M&A is back. Expect losers to outnumber winners

Money Control

Money Control · 1y ago

M&A is back. Expect losers to outnumber winners

The M&A market is poised for a boom, with many publicly traded companies having substantial cash reserves and borrowing costs remaining stable. Buyout funds are also eager to invest, and loss-making "unicorns" are looking for buyers. However, there is concern that the urge to acquire may lead to ill-disciplined acquisitions, as history shows that most megadeals struggle to be successful. Notable successes in recent years include the merger of industrial-gas giants Linde Plc, while failures include Bayer's acquisition of Monsanto and AT&T's takeover of Time Warner. Acquirers must consider their acquisition opportunities carefully, even with the current favorable market conditions.

‘Gen AI is a friend, not a foe’...is Infosys founder NR Narayana Murthy’s message to critics of the modern technology

Economic Times

Economic Times · 1y ago

‘Gen AI is a friend, not a foe’...is Infosys founder NR Narayana Murthy’s message to critics of the modern technology

Infosys founder NR Narayana Murthy and co-founder S 'Kris' Gopalakrishnan discuss the potential of generative artificial intelligence (Gen AI) in improving productivity and solving problems. They believe that technology, when used appropriately, can be a friend rather than a foe. They highlight the benefits of technology adoption in various sectors, but also acknowledge the rise of criminal activities associated with it. Murthy emphasizes the need for an open environment of meritocracy and the inclusion of youth in decision making. He also discusses the importance of fair leadership and learning from competitors. Murthy believes that India can compete with China by providing a hassle-free business environment for entrepreneurs and promoting economic growth.

Narayana Murthy's untold story: When Wipro rejected his job application

Livemint

Livemint · 1y ago

Narayana Murthy's untold story: When Wipro rejected his job application

Infosys founder N.R. Narayana Murthy revealed that Wipro, headed by Azim Premji, had rejected his job application, which eventually led to the creation of Infosys. Premji later admitted that not hiring Murthy was a major mistake. Murthy went on to establish Infosys, which is now valued at ₹6.65 lakh crore, while Wipro stands at ₹2.43 lakh crore. This anecdote is featured in the biography of Narayana Murthy and his wife Sudha Murty. Other notable leaders who experienced rejection include Steve Jobs, Walt Disney, and Arianna Huffington.

'Get a Narayana Murthy, Anand Mahindra to head DOGE in India': CIO urges corporate-style accountability in govt

Business Today

Business Today · 5m ago

'Get a Narayana Murthy, Anand Mahindra to head DOGE in India': CIO urges corporate-style accountability in govt

In the US, federal employees must now list weekly accomplishments or risk being considered resigned, a controversial policy supported by Elon Musk and the Trump administration. This demand for accountability mirrors calls in India for corporate-style accountability in government, suggesting that leaders like Narayana Murthy and Anand Mahindra could influence a shift towards a more performance-oriented approach in governance, potentially improving efficiency and transparency in public administration.

'If free electricity of up to 200 units a month…': Narayana Murthy calls for checks on freebies

Business Today

Business Today · 4m ago

'If free electricity of up to 200 units a month…': Narayana Murthy calls for checks on freebies

Narayana Murthy advocated for accountability in state aid, suggesting that recipients should show measurable improvements, like increased educational engagement due to free electricity. He emphasized that poverty eradication requires fostering innovative enterprises instead of depending on handouts. Additionally, Murthy criticized the overuse of AI terminology, arguing that many proclaimed AI solutions are just outdated programs labeled as advanced technology, rather than genuine innovations.

Flipkart IPO remains a long-term ambition: Walmart

BQ Prime

BQ Prime · 2y ago

Flipkart IPO remains a long-term ambition: Walmart

Walmart has expressed its long-term ambition to launch an IPO for Flipkart, the Bengaluru-based e-commerce company, after acquiring Tiger Global's stake for $1.4 billion. A spokesperson stated that the timing for the IPO will be chosen carefully, and they remain confident in Flipkart's future. Additionally, the spokesperson emphasized their increased optimism about the potential of the Indian market since their initial investment.

Almost 45% with seed funding are second-time founders: Report

Economic Times

Economic Times · 8m ago

Almost 45% with seed funding are second-time founders: Report

Nearly 45% of entrepreneurs who receive seed-stage funding for their startups are second-time founders, according to a report by Jungle Ventures. These founders raise significantly more funding than first-time entrepreneurs, with a median funding amount of $1.2 million, three times higher than the overall median. The report also highlights that second-time founders focus on top-funded sectors like fintech, retail, enterprise, and healthtech. Despite previous challenges, these entrepreneurs are still pursuing their ventures and successfully raising money. The seed-stage investment landscape is stabilizing, indicating the long-term sustainability of the startup ecosystem.

AI Models Seeking Govt Funding Must Address Sector Specific Problems: MeitY's Abhishek Singh

OutlookIndia

OutlookIndia · 5m ago

AI Models Seeking Govt Funding Must Address Sector Specific Problems: MeitY's Abhishek Singh

The Indian government's IndiaAI Mission is inviting AI model proposals from startups, researchers, and entrepreneurs that tackle cross-sectoral problems. Abhishek Singh, Additional Secretary at the Ministry of Electronics & Information Technology, emphasized that models should be based on datasets trained in the Indian context. Proposals will be evaluated based on problem-solving approaches, sustainability, and must consolidate teams for final submissions. Intellectual property rights will remain with model developers, fostering an India-centric foundational AI model.

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