From importance of learning English to retaining 'best' talent, Narayana Murthy shares advice for Indian startups

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Narayana Murthy's untold story: When Wipro rejected his job application The other challenge faced by startups and budding entrepreneurs is attracting the best talent of early adopters due to negligible brand value and financial constraints, according to Murthy. He encouraged early-stage entrepreneurs to earn the respect of the government and society by ensuring good corporate governance practices, adhering to transparency and accountability with every stakeholder, and respect from customers to flourish their businesses. Sudha Murty backs Narayana Murthy's 70 hours work idea: ‘Work is a holiday…' "Respect from customers enhances repeat business.

Respect from employees enhances retention. Respect from investors attracts more long-term investors. Respect from the government gives confidence to the government to create business-friendly policies and regulations," the billionaire said in a report by the English daily.

The veteran businessman also advised startup founders to follow a set of golden rules to ensure proper governance. Infosys cofounder Narayana Murthy once slept on box in storeroom, reveals book "First, do unto others what you want them to do unto you. Second, remember that the softest pillow is a clear conscience.

Third, for an individual is respect from society and not material wealth," he said. Murthy emphasized the importance of the English language in furthering innovation in India. Narayana Murthy's deepfake videos ‘endorsing trading app’ goes viral "It is important to remember that the English language has the largest and fastest growing reservoir of knowledge in science, technology, engineering, and management (STEM).