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Cold, angry 21 hours in goods compartment…: Narayana Murthy’s take on stark inequity in India

Cold, angry 21 hours in goods compartment…: Narayana Murthy's take on stark inequity in India

"I have had some success in demonstrating the power of entrepreneurship in solving the problem of poverty through my experiment of creating Infosys,” he said

Staff Writer

Narayana Murthy, co-founder of Infosys, took the stage at the Kalichand Memorial Lecture in Mumbai to share a personal journey and his vision for "Compassionate Capitalism." 

Reflecting on his life, Murthy recounted a pivotal moment in 1974—a lonely, hungry, and cold 21-hour journey in a freight train from Nis (now Serbia) to Istanbul during his hitchhiking trip back to India after working in Paris.

“The question of stark poverty and inequity in our country has been troubling me right from that day when I spent lonely, hungry, cold, angry, and introspective 21 hours in the goods compartment on a freight train from Nis in now Serbia to Istanbul, way back in 1974 on my hitchhiking trip, returning back to India after my job in Paris,” said Narayan Murthy in his speech. 

Murthy pointed to his own life and work as proof of how entrepreneurship can address poverty. "I have had some success in demonstrating the power of entrepreneurship in solving the problem of poverty through my experiment of creating Infosys,” he said. 

However, his optimism is tempered by the challenges that remain. “There is not a single day when I do not feel confused, helpless, agitated, and motivated that our leaders will find a solution to this problem."

Murthy has long been vocal about the role of discipline and hard work in driving societal change. “My parents told me the only way I could escape the orbit of poverty was through honesty, discipline, and good work ethic,” he shared. 

He stressed that putting the community’s interests above personal gains ultimately leads to personal betterment.

Murthy recently stirred controversy by suggesting that Indian youth commit to longer working hours, drawing inspiration from post-war Japan and Germany. “With a per-capita income of $2,300, India is a poor country. To become a middle-income country, it will take 16 to 18 years even with an 8% growth rate,” he said, advocating for a return to a six-day workweek to enhance productivity.

Born in 1946 in Sidlaghatta, Karnataka, Murthy’s rise began with degrees in Electrical Engineering from NIE Mysore and IIT Kanpur. Rejecting lucrative jobs, he became Chief Systems Programmer at IIM Ahmedabad, working on India’s first time-sharing computing system under Professor J. Krishnayya. In 1981, he co-founded Infosys, a company that would revolutionize India’s tech industry and contribute significantly to its economic growth.

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Satya Nadella, Sundar Pichai, Neal Mohan top most influential global Indians list of 2024

Satya Nadella, Sundar Pichai, Neal Mohan top most influential global Indians list of 2024

In addition to the tech giants, Neha Narkhede of Confluent, Anjali Sud of Tubi, Yamini Rangan of HubSpot, and Leena Nair of Chanel are among the women leaders who made it to the debut list

Staff Writer

Satya Nadella, Chairman and CEO of Microsoft, has emerged as the top leader on the inaugural HSBC Hurun Global Indians List 2024, showcasing his exceptional leadership in propelling the company's global success and technological advancements. Nadella secured the top position with Microsoft's valuation reaching US$3.146 billion. Following closely are Sundar Pichai, CEO of Alphabet (Google), and Neal Mohan, CEO of YouTube, with their companies valued at US$2.107 billion and US$455 billion respectively. The top 10 executives collectively hold an impressive 73% of the total value on the list, underscoring their significant impact.

The debut of the HSBC Hurun Global Indians List 2024 illuminates the remarkable achievements of Indian-origin leaders steering the world's most valuable corporations. It highlights the crucial role of the Indian diaspora in influencing the global economic landscape. Featuring 226 individuals from 200 companies with a combined valuation of $10 trillion, this list underscores their exceptional influence across various industries.

Top 10 influential global Indians

  • Satya Nadella (Microsoft) – US$3,146 billion
  • Sundar Pichai (Alphabet) – US$2,107 billion
  • Neal Mohan (YouTube) – US$455 billion
  • Thomas Kurian (Google Cloud) – US$353 billion
  • Shantanu Narayen (Adobe) – US$231 billion
  • Sanjiv Lamba (Linde) – US$222 billion
  • Vasant Narasimhan (Novartis) – US$216 billion
  • Arvind Krishna (IBM) – US$208 billion
  • Vimal Kapur (Honeywell International) – US$152 billion
  • Kevin Lobo (Stryker) – US$149 billion

Some of the prominent individuals featured on the list are Thomas Kurian, CEO of Google Cloud; Shantanu Narayen, Chairman and CEO of Adobe; and Vasant Narasimhan, CEO of Novartis. These leaders have been at the forefront of driving innovation in technology and healthcare within their respective companies. In an increasingly digital world, it is noteworthy that 93 companies specializing in artificial intelligence are spearheaded by leaders of Indian descent.

 

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Room to build…: Nikhil Kamath’s new obsession could spark a multi-billion-dollar industry

Room to build…: Nikhil Kamath’s new obsession could spark a multi-billion-dollar industry

The industry has expanded significantly, with production tripling in the last decade. However, challenges persist, including labor-intensive harvesting methods and stringent export standards, with only 2% of seeds meeting global quality benchmarks

Staff Writer

Makhana, also known as fox nut, is emerging as a high-potential global superfood. Rooted in Indian traditions and grown predominantly in Bihar, which produces 90% of the world’s supply, Makhana is moving beyond its cultural origins to become a lucrative industry. 

“Maybe room here to build a really large brand, an Indian brand that sells to the world. Personally, I’m hooked on Makhana,” wrote Zerodha co-founder Nikhil Kamath in X.

Bihar’s flood-prone areas have turned into a strength for Makhana cultivation, generating three times the income compared to rice. The crop thrives naturally in water bodies, and recent innovations like the ‘Sabour Makhana-1’ variety have doubled yields and improved the edible seed ratio from 40% to 60%. 

This transformation has positioned Makhana as a critical income source for thousands of farmers.

Packed with carbohydrates, protein, and essential minerals like phosphorus and calcium, Makhana is low in fat and calories, appealing to health-conscious consumers. Its ability to support heart health, diabetes management, and weight control has driven a surge in global demand, pushing prices as high as ₹13,000/kg in international markets.

The industry has expanded significantly, with production tripling in the last decade. However, challenges persist, including labor-intensive harvesting methods and stringent export standards, with only 2% of seeds meeting global quality benchmarks. Despite this, government subsidies and technological advancements have mitigated many risks, encouraging further growth.

Kamath shared data along with his post on startups capitalizing on the momentum. Mr. Makhana generates ₹50-60 lakh monthly, Farmley secured $6.7 million in funding, and Shakti Sudha Makhana is on track to grow from ₹50 crore to ₹1000 crore by 2024. 

These companies are redefining Makhana as more than a snack, showcasing its potential as a global product.

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L&T’s HR head breaks silence on 90-hour workweek row

L&T’s HR head breaks silence on 90-hour workweek row

"Remarks were casual in nature…He treats every employee as part of an extended family, fostering a sense of unity and belonging that’s rare in today’s corporate world," she writes

Staff Writer

Larsen & Toubro’s Head of HR, Sonica Muraleedharan, has come forward to defend the company’s Chairman, SN Subrahmanyan, after his remarks about employees working a 90-hour week sparked widespread criticism. 

The controversy, which quickly escalated with responses from celebrities and business leaders, has been described by Muraleedharan as a misunderstanding rooted in misinterpretation.

n a LinkedIn post addressing the uproar, Muraleedharan expressed disappointment at the backlash. “It’s truly disheartening to see how the words of our MD & Chairman, SN Subrahmanyan (SNS), have been taken out of context, leading to misunderstandings and unnecessary criticism,” she wrote. Muraleedharan, who was present during the internal address, clarified that Subrahmanyan’s remarks were “casual in nature” and never intended as a directive or policy.

The backlash stems from a purported video in which Subrahmanyan suggested employees should work 90 hours a week to stay competitive. His comments included remarks like, “How long can you stare at your wife?” and, “I regret I am not able to make you work on Sundays. If I can make you work on Sundays, I will be more happy, because I work on Sundays also.”

Muraleedharan sought to provide context, emphasizing the Chairman’s commitment to fostering a supportive work environment. “He treats every employee as part of an extended family, fostering a sense of unity and belonging that’s rare in today’s corporate world,” she wrote. She described working under Subrahmanyan as “a transformative experience” and credited his leadership with imparting valuable lessons through every interaction.

The remarks triggered sharp reactions across social media. Actor Deepika Padukone labeled them “shocking,” while industry figures like Anand Mahindra and Harsh Goenka ridiculed the idea of such a demanding workweek. Comparisons were also drawn to Infosys founder Narayana Murthy, who last year called for a 70-hour workweek.

Despite the criticism, Muraleedharan urged people to focus on the bigger picture. “Leaders like SNS inspire positive change and growth, and it’s vital to recognize their efforts rather than misinterpret them,” she said. She called for a nuanced understanding of the Chairman’s intent, emphasizing his track record of empowering and motivating his team.

 

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Sanjeev Bikhchandani recalls ‘unexpected’ meeting with L&T boss amid 90-hour workweek row

Sanjeev Bikhchandani recalls 'unexpected' meeting with L&T boss amid 90-hour workweek row

Industry leaders such as Harsh Goenka and Harsh Mariwala have criticised the 90-hour workweek idea, emphasizsng the importance of quality work over sheer hours

Staff Writer

The debate over work-life balance is back after Larsen & Toubro (L&T) Chairman SN Subrahmanyan kicked up a row with his remarks advocating for a 90-hour workweek. 

His comment, “how long can you stare at your wife,” faced widespread criticism, drawing sharp reactions from corporate leaders and the public alike. 

Amid this storm, Info Edge founder Sanjeev Bikhchandani shared a surprising and personal encounter with Subrahmanyan, shedding light on a different side of the L&T Chairman.

“A couple of months ago, I received an email out of the blue. I had never met Mr. Subrahmanyan, but it’s not every day that the chairman of a giant like L&T asks to meet. So I went,” Bikhchandani wrote in a post on X.

For an hour, Subrahmanyan discussed entrepreneurship, startups, and digital transformation. “There was no agenda except that he wanted to learn,” said Bikhchandani. “He struck me as humble and amiable, sharing stories about his career and family.”

Toward the end of their meeting, Bikhchandani asked Subrahmanyan about L&T’s cash reserves. “He gave me a wild number—₹50,000 crore, I think. I advised him to invest some of it judiciously in startups. India needs domestic venture capital, and a company with L&T’s balance sheet could lead the way.”

Bikhchandani explained how investments in companies like Zomato and PolicyBazaar had generated significant returns for Info Edge. “We agreed to meet again to discuss ideas. I walked away impressed. He even walked me to my car.”

While Bikhchandani’s account paints Subrahmanyan as approachable and eager to learn, his workweek comments have sparked outrage. Industry leaders like Harsh Goenka and Harsh Mariwala criticized the idea, emphasizing the importance of quality work over sheer hours. “Work-life balance isn’t optional; it’s essential,” said Goenka.

Billionaire Gautam Adani recently offered a more balanced take, suggesting that individuals define their own work-life priorities. “If you and your family are happy, that’s what matters,” Adani noted.

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Why is Navil Noronha leaving DMart? Who will fill his shoes?

Why is Navil Noronha leaving DMart? Who will fill his shoes?

Noronha, one of India’s richest CEOs, is set to step down from Avenue Supermarts, the parent company of DMart, after over two decades at the helm

Staff Writer

Navil Noronha, one of India’s richest CEOs, is set to step down from Avenue Supermarts, the parent company of DMart, after over two decades at the helm. Noronha has decided not to renew his contract, which ends in January 2026, marking the close of a transformative era for the company he joined in 2004. During his tenure, DMart expanded from just five stores to over 380, achieving milestones like surpassing ₹50,000 crore in annual turnover.

Avenue Supermarts announced, “After more than two decades of exceptional leadership and a glorious tenure at the helm of the business, Neville has chosen not to extend his contract. The Board of Directors honors his decision and expresses profound gratitude for his extraordinary contribution to the company.”

The leadership transition has already been charted. Starting March 15, 2025, Anshul Asawa, a seasoned leader from Unilever, will serve as CEO Designate. An IIT Roorkee and IIM Lucknow alumnus, Asawa is currently Unilever’s Country Head in Thailand and General Manager for the Home Care business unit in Greater Asia. He will officially take over as MD and CEO on February 1, 2026.

Noronha, who owns a 1.95% stake in DMart worth approximately ₹4,700 crore, shepherded the company’s growth with a philosophy of simplicity, efficiency, and customer value. Under his leadership, DMart became one of India’s largest supermarket chains, earning him accolades for combining big-picture vision with meticulous execution. “Growth and profits were never ends in themselves but byproducts of efficiency, fairness, and customer value,” said Avenue Supermarts Chairman CB Bhave.

Reflecting on his tenure, Noronha shared, “If we stay the course of simplicity, efficient costs, happy employees, deep value to customers, and not doing anything else, we will remain relevant for decades to come.” He also assured a smooth leadership transition and offered continued counsel beyond his tenure.

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90-hour work week: Elon Musk, Aadit Palicha, Shantanu Deshpande all wanted more hours on job

90-hour work week: Elon Musk, Aadit Palicha, Shantanu Deshpande all wanted more hours on job

In India, a 48-hour work week is a norm and any additional hours are classified as overtime as per the country's labour regulations.

Staff Writer

In less than 48 hours, SN Subrahmanyan, Chairman of L&T, received strong criticism for his recent comments regarding working hours. A video of him discussing the need for employees to work 90 hours per week, even on Sundays, in order to maintain competitiveness, has gone viral. This video, in which Subrahmanyan addresses a query about mandatory Saturday work, has sparked controversy among viewers regarding the impact of such a work culture on the mental health of employees.

In the video, Subrahmanyan had responded to an employee's question about mandated working on Saturdays by saying: “I regret I am not able to make you work on Sundays, to be honest. If I can make you work on Sundays, I will be more happy because I work on Sundays also… What do you do sitting at home? How long can you stare at your wife? Come on, get to the office and start working.”

Unfortunately, Subrahmanyan is not the first industry leader to propose extended work hours in India, where a 48-hour work week is a norm and any additional hours are classified as overtime as per the country's labour regulations. Earlier, Infosys co-founder Narayana Murthy had suggested a 70-hour work week for Indians. But here are more names who wanted the workers to slog it out.

Tesla CEO Elon Musk promoted the idea of long working hours and eliminated remote work across all his companies last year. According to Musk, putting in 80 to 100-hour weeks consistently can increase the chances of success. 

Musk emphasized that working more than the standard 40-hour week can lead to achieving greater results. In a tweet, he stated that significant changes and world-altering innovations are not made by working just 40 hours a week.

"There are way easier places to work, but nobody ever changed the world on 40 hours a week," Musk first said in 2018. 

In a 2023 interview, NR Narayana Murthy, the founder of Infosys, suggested that in order for India to be competitive with economies that have seen significant growth in the past few decades, young people should commit to working 70 hours a week. 

He emphasized the need to enhance work productivity in India, calling it one of the lowest in the world. Addressing issues such as government corruption, bureaucratic delays, and decision-making inefficiencies, he underscored the importance of overcoming these obstacles to succeed globally. 

Drawing from his own experience of working 85-90 hours a week until retirement, the 78-year-old entrepreneur urged the younger generation to prioritize their commitment to the country by dedicating themselves to long hours of work.

“India’s work productivity is one of the lowest in the world. Unless we improve our work productivity, unless we reduce corruption in the government at some level, because we have been reading I don’t know the truth of it, unless we reduce the delays in our bureaucracy in taking this decision, we will not be able to compete with those countries that have made tremendous progress,” he said.

Jack Ma, the co-founder of Alibaba, expressed support for China's "996" work schedule, which consists of working from 9 a.m. to 9 p.m. six days a week. In 2019, Ma referred to this schedule as a "tremendous opportunity," suggesting that individuals who are passionate about their careers view the ability to work extended hours as a privilege.

Despite facing criticism for advocating for excessive work hours, Ma contended that those who are truly dedicated to their work would not view the "996" schedule as a burden. According to him, achieving success requires unwavering commitment and a willingness to endure temporary discomfort in pursuit of long-term objectives

Ola CEO Bhavish Aggawal also expressed his support for NR Narayana Murthy's proposal of a 70-hour work week, dismissing the concept of work-life balance as a Western idea. Despite facing backlash on social media for endorsing Murthy's views, Aggarwal remained steadfast in his belief that hard work and sacrifice are necessary in order to propel India towards becoming the top country in the world. 

In a podcast discussion, he said: "I received criticism for publicly supporting Mr. Murthy's statement, but I remain undeterred in my conviction that dedication and perseverance are essential for achieving our goal of becoming the leading economy."

Aadit Palicha, the 22-year-old co-founder and CEO of Zepto, acknowledged in a statement last year that his team dedicates a significant amount of time to their work, putting in 80-100 hours per week. He noted that, in hindsight, they could have achieved the same results with less stress by working half the hours. Palicha emphasized that beyond a certain point, the pursuit of money becomes less important. He attributed his team's willingness to work long hours to their passion for building Zepto and the thrill of the challenge. 

Candidly, working 80-100 hours a week, we could have probably worked half of that with a lot less stress… At a certain point, money becomes inconsequential,” he said.

In a recent LinkedIn post, Shantanu Deshpande, CEO of Bombay Shaving Company, emphasized the importance of dedicating oneself to work during the initial years of one's career. Deshpande advised young professionals to prioritize their work over leisure activities, putting in long hours and focusing on their professional development. 

Deshpande wrote: “When you are 22 and new in your job, throw yourself into it. Eat well and stay fit, but put in the 18 hour days for at least 4-5 years. I see a LOT of youngsters who watch random content all over and convince themselves that ‘work life balance, spending time with family, rejuvenation bla bla’ is important. It is, but not that early. That early, worship your work… Don’t do random rona-dhona. Take it on the chin and be relentless. You will be way better for it.”

Later, he apologised: “To those who were hurt by my post – apologies for the same. I recognise the need for nuance and context.”

The idea that longer working hours directly correlate with higher productivity and economic growth is challenged by recent research. Narayan Murthy said that India should emulate China, known for its average annual working hours of 2,169 and a GDP per capita of $14,129. However, data from Our World In Data suggests that factors such as development levels and industry play a more significant role in a country's economic output.

Countries like India and Bangladesh, where people work longer hours than in Western countries, have lower GDP per capita figures. For instance, Indians work an average of 2,123 hours annually but have a GDP per capita of $6,711, indicating that simply working longer hours does not necessarily lead to economic prosperity.

Furthermore, alternative research, such as a study from Stanford University, contradicts the notion that longer working hours contribute to greater economic prosperity and productivity. In fact, the study shows that working more than 49 hours a week can actually lead to a decrease in workforce productivity.

 

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Noel Tata’s daughters take over key roles in Sir Ratan Tata Industrial Institute board: Report

Noel Tata's daughters take over key roles in Sir Ratan Tata Industrial Institute board: Report

Outgoing trustee Arnaz Kotwal expresses dissatisfaction with the process in a letter to her fellow trustees. She feels blindsided by the request to resign, according to the report 

Staff Writer

Maya and Leah Tata, daughters of Tata Trusts chairman Noel Tata, have been inducted into the board of trustees of the Sir Ratan Tata Industrial Institute (SRTII), a key subset of the Sir Ratan Tata Trust, according to a report by the Economic Times. This trust is one of the two principal shareholders of Tata Sons, the group holding company.

The sisters have replaced outgoing trustees Arnaz Kotwal and Freddy Talati, who stepped down to make way for the new appointments. With this move, all three of Noel Tata's children are now represented on the boards of the smaller Tata Trusts, though they have not yet been inducted into the two main trusts—Sir Ratan Tata Trust and Allied Trusts, and Sir Dorabji Tata Trust and Allied Trusts.

The transition has not been without controversy. Outgoing trustee Arnaz Kotwal expressed dissatisfaction with the process in a letter to her fellow trustees, stating that she felt blindsided by the request to resign. Kotwal, currently based in Dubai and working with VFS Global, wrote, “I was saddened that none of you reached out to speak with me directly about this matter,” the report quoted.

Freddy Talati, the other outgoing trustee, is now the Chief Operating Officer of the National Centre for the Performing Arts (NCPA).

According to an official familiar with the matter, the appointments of Leah and Maya Tata were made to align with SRTII’s ongoing renovation and upgradation plans. The Sir Ratan Tata Trust (SRTT), which has the authority to nominate three of the six SRTII board members, emphasized the need for trustees with prior experience in managing SRTII’s affairs and who are based locally in Mumbai.

The board of SRTT, which unanimously approved the appointments, includes Noel Tata, Vijay Singh, Venu Srinivasan, Darius Khambata, Jehangir H. Jehangir, and Mehli Mistry.

The involvement of Maya and Leah Tata, both millennials, is seen as a strategic move to prepare the next generation for larger roles within the Tata Group.

Maya Tata, who began her career at Tata Capital, is currently part of the team managing the Tata Neu app under Tata Digital. Leah Tata, a vice president at Indian Hotels, holds a master’s degree in marketing from IE Business School.

 

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‘Biwi bhaag jayegi’: Gautam Adani repartee to Narayana Murthy’s 70-hour work week debate

‘Biwi bhaag jayegi’: Gautam Adani repartee to Narayana Murthy’s 70-hour work week debate

The Adani Group chairman joins the issue after Infosys co-founder pitches for a 70-hour week in a bid for India to compete with advanced economies

Staff Writer

Adani Group chairman Gautam Adani has weighed in on the ongoing work-life balance and 70-hour work week debate, according to media reports. The industrialist said that one feels balanced when they do things that they like doing. His take on the raging debate: life becomes simple when one accepts the fact they are mortal 

“Your work-life balance should not be imposed on me, and my work-life balance shouldn't be imposed on you. Say, someone spends four hours with family and finds joy in it, or if someone else spends eight hours and enjoys it, that's their balance. Notwithstanding that if you spend eight hours, biwi bhaag jayegi [wife will run away],” the industrialist observed.

He added that children also notice that one does not have a world out of their family and work and take note of the same. 

“Your work-life is balanced when you do things which you like doing… For us either it is family or work, we don't have a world out of this… Our children also notice that only and take note of it… No one has come here permanently. When one understands this, life becomes simple,” Adani said.