labels: it news, infosys technologies, industry - general
Infosys rings Nasdaq trading bell from Mysore news
31 July 2006

Mumbai: Infosys Technologies Limited has achieved the rare distinction of opening the day's trading at Nasdaq from its campus in Mysore, the first for an Indian company. Infosys was also the first Indian company to be listed on the Nasdaq in 1999.

The event, broadcast live from the Infosys campus in Mysore to NASDAQ's MarketSite tower in Times Square, New York, signalled that India is fast becoming a part of the global economic community.

N R Narayana Murthy, Infosys' chairman and chief mentor; Nandan M. Nilekani, CEO, president and managing director, Infosys; Montek Singh Ahluwalia, deputy chairman of the Planning Commission; and Bob Greifeld, president and CEO of the Nasdaq stock market, rang the bell to mark Infosys' 25th anniversary celebrations.

"Twenty-five years ago, we founded Infosys with a vision of the global delivery model. That vision has been validated as the tide of globalisation has swept across the world and businesses are dramatically changing how they run their organisations," said Murthy. "Opening the NASDAQ market from India is not only a great honor for Infosys, but also illustrative of the emerging new world", he added.

The opening bell is a ceremonial event that represents the essence of Nasdaq's virtual market model. Since Nasdaq's operations are entirely electronic, it can be opened from any location around the world, symbolically bringing together investors and market participants at the beginning of each trading day.

"Though the NASDAQ stock market is US-based, our charter and scope are global. India is increasingly becoming a driving force in the global economy and companies like Infosys are leading the charge. Infosys was the first Indian company to be listed at the Nasdaq and now has a market capitalisation of $22 billion. Infosys has added another milestone today by becoming the first company to remotely ring the Nasdaq opening bell from India," said Bob Greifeld, president & chief executive officer of Nasdaq.

Nasdaq has recently named Infosys in its Global Select Market -- a list of 1,200 select public companies who have met the highest standards in the world for corporate governance, market value and liquidity.

Nasdaq is the largest US electronic stock market. With approximately 3,200 companies, it lists more companies and, on an average, trades more shares per day than any other US market. It is home to companies that are leaders across all areas of business, including technology, retail, communications, financial services, transportation, media and biotechnology.

Infosys, a trusted and transparent business partner, helps clients in business-IT alignment with flexibility, world-class processes and speed of execution that leverages a global delivery model. Infosys has over 58,000 employees in over 35 offices worldwide.

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Infosys rings Nasdaq trading bell from Mysore