Skip to content
Search

Latest Stories

Submit Guest Post

Rishi Sunak praises father-in-law Narayana Murthy: 'He came from nothing and just had dream'

UK PM post contender Rishi Sunak addressed the controversy surrounding his family’s wealth in a televised debate on July 18.

Rishi Sunak praises father-in-law Narayana Murthy: 'He came from nothing and just had dream'

The five Conservative contenders still vying to be Britain's next prime minister clashed over tax cuts in a second televised debate on Sunday.

With no clear candidate to succeed Boris Johnson who is stepping down after a series of scandals, the battle to be the next leader remains unpredictable and increasingly fractious, exposing rifts in the ruling Conservative Party.


Ex-finance minister Rishi Sunak has emerged as the favourite among the 358 Conservative lawmakers, who will hold further votes this week to whittle down the field of contenders to a final two.

Rishi addressed the controversy surrounding his family's wealth in a televised debate.

"My father-in-law came from absolutely nothing and just had a dream and a couple of hundred pounds that my mother-in-law’s savings provided him," Sunak said. "And from that, he went to build one of the world’s largest, most-respected companies, that by the way, employs thousands of people here in the United Kingdom."

He added: "It is a story I am really proud of, and as prime minister, I want to ensure that we can create more stories like that at home.”

Akshata Murty, the Indian wife of ex-finance minister Rishi Sunak, is richer than the queen as the daughter of a self-made tech billionaire and a no-less-formidable engineer and philanthropist mother.

Her father, N.R. Narayana Murthy, 75, co-founded tech giant Infosys in 1981, the outsourcing behemoth that helped drive India's remarkable transformation into the "back office of the world".

Borrowing 10,000 rupees ($130) from his wife Sudha to help create it, the firm is now worth around $100 billion and was the first Indian company to list on Wall Street.

One of only two non-Americans in Fortune magazine's 2012 list of the "12 greatest entrepreneurs of our time", the Infosys chief's life-changing moment came in 1974 when he was locked up for four nights in communist eastern Europe.

"That cured me from being a confused leftist to a determined compassionate capitalist," Narayana, now worth more than $4 billion, said afterwards.

Sudha, 71, meanwhile was Tata Motors' first female engineer after famously complaining via a postcard to the chairman about the firm's stipulation that "lady candidates need not apply".

Regarded as "India's favourite granny", she is a prolific author and a powerful force in social work after setting up 60,000 libraries and building 16,000 toilets.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Airbnb

The UK government and Airbnb have joined forces to crack down on illegal social housing rentals.

iStock

How Airbnb is helping the UK catch housing fraudsters

  • Airbnb will share data with the UK government to tackle social housing fraud.
  • More than 470 suspected cases have already been identified during the pilot.
  • Offenders could face eviction, fines and up to two years in prison.

Social housing fraud is set to face closer scrutiny after the UK government and Airbnb launched a new data-sharing partnership aimed at identifying tenants illegally subletting publicly funded homes on short-term rental platforms.

The agreement, led by the Public Sector Fraud Authority within the Cabinet Office, is the first arrangement of its kind between the government and a short-term rental platform. It will allow participating local authorities to compare social housing records with Airbnb listings, helping identify homes being rented out without permission and return them to families waiting for affordable housing.

Keep ReadingShow less