Tag: Sunaks

Rishi Sunak’s wife set to earn huge dividend income from Infosys

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Rishi Sunak’s wife, Akshata Murty, is set to earn a huge dividend income from Infosys, India’s second-largest IT firm. Murty, who is the daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares of Infosys at the end of December, according to company filings with the stock exchanges. The company declared a final dividend of Rs 17.50 per share for FY23, and if Murty retains her shareholding until the record date of June 2, she would receive Rs 68.17 crore.
Together with an interim dividend of Rs 16.50 per share declared in October last year, she would receive a total of Rs 132.4 crore. For the previous fiscal, Infosys paid a total of Rs 31 per share dividend, giving her a total of Rs 120.76 crore. At Thursday’s closing price of Rs 1,388.60 per share on the BSE, her holding is worth just over Rs 5,400 crore.
Nationality of Rishi Sunak’s wife Akshata Murty is a divisive issue in UK
While Rishi Sunak is a British national, his wife Akshata is an Indian citizen, and her non-domiciled status, which allows her to earn money abroad without paying taxes in Britain for up to 15 years, has been a divisive issue in the UK. Her non-domiciled status became an issue of discussion in Britain when Sunak first entered the race to become the prime minister in April last year.

Akshata was born in her mother Sudha Murty’s hometown of Hubballi in northern Karnataka, and did her schooling in Bengaluru, before moving to Claremont McKenna College in California, where she graduated with a dual major in economics and French. She then did a fashion designing diploma from the Fashion Institute of Design and Merchandising in Los Angeles, followed by a short work stint at Deloitte and Unilever. She thereafter pursued her MBA at Stanford where she met Rishi Sunak.
The two married in 2009 and currently live in a 7-million-pound townhouse in Kensington. Rishi Sunak and his wife also own a flat in Kensington, a mansion in Rishi’s Yorkshire constituency, and a penthouse in California.
Infosys dividend
Infosys is among the best dividend-paying companies in India, and according to Infosys filings, the promoters hold 13.11 per cent of the company. Of this, the Murthy family owns 3.6 per cent, with Narayana Murthy holding 0.40 per cent stake, his wife Sudha 0.82 per cent, son Rohan 1.45 per cent, and daughter Akshata 0.93 per cent. Other promoters include co-founder S Gopalakrishnan, Nandan M Nilekani, and S D Shibulal and their families.
On Thursday, the company disclosed that it had closed FY23 with a higher net profit of Rs 24,108 crore, earning a revenue of Rs 146,767 crore for FY23 against Rs 121,641 crore in the previous year and a net profit of Rs 24,108 crore against Rs 22,146 crore in the previous year.
As of March 31, 2023, Infosys had a headcount of 343,234 employees, up from 314,015 employees in the previous year.

With inputs from agencies
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( With inputs from www.siasat.com )

April 14, 2023
Video: Sunaks told by police to put pet dog on leash in Hyde Park

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London: UK Prime Minister Rishi Sunak and his wife Akshata Murty were “reminded of rules” by the police after they were spotted walking their dog in Hyde Park here without a lead – in an area where dogs are not allowed to roam free, officials said.
In a clip posted on TikTok, Sunak’s two-year-old Labrador Retriever, Nova, is seen wandering around near the edge of Serpentine lake on Saturday, in an area where signs clearly state that dogs must be kept on leads to avoid disturbing the local wildlife, the Telegraph newspaper reported.
The 42-year-old Indian-origin prime minister and his family were filmed apparently breaking the rules of Hyde Park in central London.
The police officer involved was one of the prime minister’s close protection team, the BBC reported.
The Metropolitan Police force said: “An officer, who was present at the time, spoke to a woman and reminded her of the rules,” apparently referring to Sunak’s wife Akshata.
The police said the dog was then put back on the lead, adding they would take no further action. It is not clear when the video was filmed.
A Downing Street spokesperson said it would not comment on the video when asked if Sunak would apologise.
This is not the first time a video has got the prime minister in trouble.

It comes less than two months after Sunak was fined by police for failing to wear a seatbelt in a moving car.
Sunak apologised for “an error of judgment” and was handed a fixed-penalty notice by Lancashire police for the offence, which can result in a fine of up to 500 pounds.
The incident came to light after Sunak posted a video of himself to social media while travelling in the back seat of a car.
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( With inputs from www.siasat.com )

March 16, 2023
Boris Johnson fires shot against UK PM Rishi Sunak’s Brexit deal

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London: Britain’s former premier Boris Johnson on Thursday criticised Prime Minister Rishi Sunak’s new Brexit deal with the European Union, saying he will find it “very difficult” to vote for it in Parliament.
Sunak has been riding high on a largely positive wave since the British Prime Minister declared a “decisive breakthrough” with the EU in the form of a Windsor Framework, which replaces his former boss’ controversial Northern Ireland Protocol.
The British Indian leader told the House of Commons that the new pact puts “beyond all doubt that we have now taken back control”.
However, Johnson now a disgruntled backbench Conservative Party MP told a Global Soft Power Summit in London on Thursday that he would find it “very difficult” to vote for the new deal in Parliament.
“I’m conscious I’m not going to be thanked for saying this, but I think it is my job to do so: we must be clear about what is really going on here,” said Johnson.
“This is not about the UK taking back control, and although there are easements this is really a version of the solution that was being offered last year to (former British prime minister) Liz Truss when she was foreign secretary. This is the EU graciously unbending to allow us to do what we want to do in our own country, not by our laws but by theirs,” he said.
“I’m going to find it very difficult to vote for something like this myself because I believe that we should have done something different. No matter how much plaster came off the ceiling in Brussels,” he added.
Johnson said he hopes the new deal works but if it doesn’t, the government should have “the guts” to re-table the Northern Ireland Protocol Bill he had drafted which would allow the UK to unilaterally change parts of the previous Brexit protocol without the EU’s permission. While the EU claims such a move breaches international law, Johnson believes it is the Bill that ultimately “brought the EU to negotiate seriously”.

Sunak had pulled the Bill from Parliament after he agreed a new deal with European Commission President Ursula von der Leyen in Windsor on Monday, following months of intensive talks.
It is hoped the Windsor Framework would break the deadlock over the contentious and unworkable Northern Ireland Protocol, which was designed to prevent a post-Brexit hard border on the island of Ireland between UK territory Northern Ireland and EU member-state Ireland but which effectively created a trade divide.
Now, Sunak is waiting for the response of the Northern Irish Democratic Unionist Party (DUP) and the clear backing of hard Brexiteers within his own Tory party for the new framework. Johnson’s intervention is expected to influence the latter to some extent but there is a general consensus that Sunak is unlikely to face any major rebellion in the ranks over the issue.
After what has been widely seen as a win for his leadership abilities, the Prime Minister has decided to treat his party colleagues to an “away day” in Windsor the site of the new Brexit framework.
According to The Times’ newspaper, Conservative Party MPs have been bussed from London to Windsor on Thursday morning for 24 hours of bonding, teambuilding and strategising.
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( With inputs from www.siasat.com )

March 2, 2023