When Narayana Murthy Took Blessings By Touching The Feet Of Ratan Tata. Internet Is Delighted

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Industrialist Ratan Tata was honored with the Tycon Mumbai 2020 Life Time Achievement Award at the TiECON Award ceremony on Tuesday. He was given this award by Infosys co-founder NR Narayana Murthy, who has his role​​ ​​in the corporate world too. The most interesting thing about this event was that Mr. Murthy took Ratan Tata’s blessing by touching his feet. The Internet is loving it.

Tycon Mumbai 2020 Life Time Achievement Award

Here at the TiECON Award ceremony, industrialist Ratan Tata was awarded the Tycon Mumbai 2020 Life Time Achievement Award. He was presented this award by Infosys founder Narayana Murthy, in the corporate world. Meanwhile, Mr. Murthy took Tata’s blessing by touching his feet.

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A warning to startups losing investors

“We will find startups that will attract attention. They will then collect the money and disappear. Such startups will not get a second or third chance. Tata, who has himself invested in e-commerce company Snapdeal, said business should be ethical. They should avoid the way they shine overnight. He said that startups need guidance, advice, networking, and recognition,” Ratan Tata said.

source: theeconomictimes

Ratan Tata’s statement comes at a time when many startups are facing loads of cash burn. The term Cash burn points out to the process that the startups do business in which they continue to acquire losses in the hope of making a profit in the future.

The industrialist further welcomed the role played by TiE, an establishment that seeks to strengthen the start-up ecosystem in India.

source; twitter

Ratan Tata asked TiE to serve as a shadow regulator for ethics and good practices, and ensure that the start-up sector grows in a fashion that it should.

Speaking at the annual Tycon Award ceremony, NR Narayan Murthy said that a positive atmosphere cannot be created for startups only based on select investors. If more extra stocks are to be raised for them, then pension funds and banks will have to come forward to invest.

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