In a recent development that is likely to boost employee morale, Infosys has announced a significant increase in performance bonuses for the first quarter of fiscal year 2024-25. The IT giant has distributed an average bonus of 80%, up from 60% in the previous quarter. This increase comes in the wake of a strong financial performance by the company, which reported a 7.1% rise in net profit.

"We must embrace compassionate capitalism," Murthy said by highlighting the limitations of both socialist and communist systems in delivering satisfactory outcomes in the past.  He stressed the need for a conducive environment where the vast majority of law-abiding entrepreneurs can thrive while advocating stringent penalties for those who violate regulations.