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...Since then, two auditors of Satyam's accounting firm, PricewaterhouseCoopers (PwC), have been sitting in an Indian jail, accused of abetting the scheme. Narayana, the CBI deputy director general, said there was evidence indicating their involvement but declined to elaborate. Following the release of the CBI report, a PwC spokeswoman declined comment; the accounting firms top India executive in March denied any of its employees were involved in wrongdoing...

Author: /time Magazine | Title: Satyam Computer Fraud Grows to $2.5 Billion | 11/27/2009 | See Source »

...that culture from the ground up. "We said, If we're going to make it a success, there have to be some rules, some common values, some structure to the whole thing." That included a strict ban on nepotism and a compulsory retirement age of 60. Founding CEO N.R. Narayana Murthy, who still flies coach despite a net worth estimated at $1 billion, says the break with the past was deliberate: "We had to aspire to global standards, especially if we wanted to attract investors from abroad." When he turned 60 in 2002, Murthy stood down as CEO and moved...

Author: /time Magazine | Title: Meritocracy Is the Model | 12/13/2007 | See Source »

...Hong Kong. Although no suspects have been named, Ho, a member of the Legislative Council and one of the city's best-known public figures, said the assault was likely related to his recent legal work involving land disputes, loan-sharking and debt collection. STEPPING DOWN. N.R. Narayana Murthy, 60, Chairman of Infosys Technologies, after 25 years at the helm of the company he helped found; in Bangalore. In 1981, Murthy and six other software engineers borrowed $250 from family members to start Infosys, today a $23 billion outsourcing giant and India's second-largest software company. Murthy, whose personal...

Author: /time Magazine | Title: Milestones | 8/28/2006 | See Source »

...NARAYANA MURTHY USED TO THINK OF HIMSELF as a committed socialist, but three days in a Yugoslav lockup changed his mind. Back in the early 1970s, while traveling through Europe by train, Murthy was seized by police in a town near the Yugoslav-Bulgarian border. He had been chatting up a fellow passenger in French, and he believes that her boyfriend complained to a cop. Murthy was kept in a room in the train station for 72 hours and shipped out on a freight car. "There was no going back to communism after that," he says...

Author: /time Magazine | Title: The Tech Specialists | 8/23/2004 | See Source »

...keeps growing at its current rate, for instance, its revenues are projected to grow to $25 billion by 2008. But if India fails to improve its infrastructure soon, competitors like China could start to steal business from its technology and outsourcing companies. "We still have five years' lead," says Narayana Murthy, chairman of Infosys, a Bangalore-based software giant. "If in five years we've done nothing, there will be an issue." Perhaps the country's biggest hope is the fighting spirit of its new generation of entrepreneurs, who are determined to succeed regardless of the obstacles. "When...

Author: /time Magazine | Title: Shaky Footing | 1/4/2004 | See Source »

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