Skip to content
Search

Latest Stories

Infosys plays down Russia ties

Infosys plays down Russia ties

INDIA's Infosys played down its business ties in Russia after British chancellor Rishi Sunak came under fire over his wife's stake in the IT giant.

Infosys, with a market value of some $100 billion, was co-founded by Sunak's father-in-law NR Narayana Murthy. His daughter Akshata Murty, Sunak's wife, owns a stake worth around $1 billion.


With Britain and others seeking to isolate Russia economically over its invasion of Ukraine, Sunak was grilled in an interview with Sky News on Thursday (24) about Infosys and his wife's share.

Asked if Infosys was also reducing its presence in Russia, Sunak said: "I have absolutely no idea because I have nothing to do with that company."

"I am an elected politician and I'm here to talk to you about what I am responsible for, my wife is not," he said.

Infosys also issued a statement saying that it had committed $1 million towards relief efforts for victims of the war.

"Infosys has a small team of employees based out of Russia, that services some of our global clients, locally. We do not have any active business relationships with local Russian enterprises," it said.

New Delhi and Moscow have had close ties since the Cold War, with the Indian military still heavily dependent on Russian equipment.

India has stopped short of condemning Russia's invasion, abstaining several times in votes at the United Nations and continuing to buy Russian oil.

President Vladimir Putin has been a regular visitor to India, most recently in December in a rare overseas trip when he called India "a great power, a friendly nation and a time-tested friend".

Putin also visited the corporate headquarters of Infosys in Bangalore in 2004 and was welcomed by co-founder Murthy, who has since retired.

(AFP)

More For You

UK financial watchdog opens first offices in US and Asia

The international expansion forms part of the FCA's new strategy (Photo: Reuters)

UK financial watchdog opens first offices in US and Asia

BRITAIN's Financial Conduct Authority (FCA) has established its first-ever international presence with new offices in the US and Asia-Pacific region, the watchdog announced on Tuesday (15).

Former investment banker Tash Miah began working at the British Embassy in Washington DC in April. In her role, Miah will collaborate with the Department for Business and Trade to improve UK-US financial services policy and help American firms navigate British regulations.

Keep ReadingShow less
UK Inflation

The Consumer Prices Index (CPI) stood at 2.6 per cent in March, down from 2.8 per cent in February, the Office for National Statistics (ONS) said.

Getty

UK inflation eases to 2.6 per cent ahead of US tariff impact

THE UK’s annual inflation rate dropped more than expected in March, according to official figures released on Wednesday. The latest numbers come as US president Donald Trump’s new tariffs add to global economic uncertainty.

The Consumer Prices Index (CPI) stood at 2.6 per cent in March, down from 2.8 per cent in February, the Office for National Statistics (ONS) said. Analysts had expected a decline to 2.7 per cent. The rate was 3.0 per cent in January.

Keep ReadingShow less
Bestway-wholesale

Bestway launches Easter campaign with 200 deals and new product reveals

BESTWAY Wholesale has launched a four-week Easter campaign offering nearly 200 promotional deals across categories both in depots and online.

The campaign includes branded displays with spring-themed packaging and features new product launches from Red Bull’s Peach Summer Edition and Pepsi’s Strawberry and Cream flavour, which Bestway says will be seen first at its outlets.

Keep ReadingShow less
What UK TV licence changes could mean for Netflix and Prime Video users

The current funding structure relies heavily on the TV Licence fee, but this model is under review

iStock

What UK TV licence changes could mean for Netflix and Prime Video users

The TV Licence fee in the UK has recently increased, and future changes to the system may also affect people who watch content solely through streaming platforms like Netflix, Amazon Prime Video, or Disney+.

As of now, UK residents are required to pay the TV Licence fee if they watch live television or use BBC iPlayer. The fee rose by £5 on 1 April 2025, increasing from £169.50 to £174.50 per year. This equates to approximately £14.54 per month. Those who watch only on-demand content via streaming services remain exempt from paying the fee under current rules.

Keep ReadingShow less
joy-saini

Dr Joy Saini, according to the website of Boston Pelvic Health & Wellness, a centre founded by Saini, she was a 'highly experienced and respected urogynecologist and reconstructive pelvic surgeon'.

getty image

Asian doctor, family die in New York plane crash

AN INDIA-BORN doctor and her family were killed in a plane crash in upstate New York while they were on their way to the Catskills Mountains for a birthday celebration.

Dr Joy Saini, a urogynecologist, her husband Dr Michael Groff, a neuroscientist, their daughter Karenna Groff, a former MIT soccer player and 2022 NCAA woman of the year, and their son Jared Groff, a paralegal, were among those killed when the twin-engine plane crashed, according to media reports.

Keep ReadingShow less