the birth of infosys

 clipped from www.moneycontrol.com

Learn entrepreneurship the Infosys way!

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2008-06-06 20:52:22 Source : News Bulletins/CNBC-TV18
                                                (Interview Transcript)

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, from its Nasdaq listing to its USD 1 billion in profits, makes headline news. But the story that still fires the imagination is the genesis and how it all started in a 10x10 room 27 years ago. NR Narayanamurthy is the man who started Infosys.

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Excerpts from CNBC-TV18's exclusive interview with NR Narayanamurthy:

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Q: One of the reasons that compelled you to start Infosys in 1981 was that you wanted to experiment with your version of the enterprise, entrepreneurship, capitalism and it was your rejection of Leftism, socialism and economic system. Take us through why that intellectual premise occurred.

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Secondly, it is not the responsibility of the government to create an environment where there is incentive for more and more people to become entrepreneurs.

Charminar Express

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top job news

 clipped from news.defaultrisk.efinancialcareers.com

eFC Briefing: Dubai, Mumbai, Hong Kong

May 28 2008

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Lehman gears up for Middle East growth, but downsizes elsewhere. Credit Suisse relocates global FIG head to Hong Kong, and launches an onshore wealth management operation in India. Thomson Reuters merger said to cost 1,500 jobs. JPMorgan reportedly let go some 200 investment bankers due to market conditions, not the Bear Stearns takeover.

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Lehman Brothers announced its second top-level Middle East appointment in a month, naming Philip Lynch as chief executive officer for the Middle East and North Africa. Lynch, who co-led Lehman's equities business in Europe and the Middle East, will relocate from London to Dubai. The other equities co-head, Rachid Bouzouba, was named sole head of equities for Europe and the Middle East. Current Middle East chief Jameel Akhrass becomes vice chairman for the Middle East and North Africa, but remains Middle East investment banking chief.

Charminar Express

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conquering tanla

clipped from http://www.financialexpress.com/news/Tanla-Solutions-buys-Openbit-for--18-6-m/319289/

Hyderabad, June 5 Payments through mobile will soon become reality! Tanla Solutions, a provider of telecom infrastructure, announced its acquisition of Finland-based Openbit OY, a leading provider of global ondevice payments for mobile applications, in an all cash deal for $18.60 million.

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Tanla Solutions buys Openbit for $18.6 m

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Corporate Bureau
Posted online: Friday , June 06, 2008 at 0008 hrs IST

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"Openbit gives us an opportunity to serve more customers in the international Markets, and fortifies Tanla as a leading mobile solutions organisation, in line with its vision to become a global end-to-end applications and solutions provider. We hope to integrate our operations at the earliest to benefit from the tremendous synergies available to us," he said.

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simantec's systamatic approach

clipped from sify.com

Symantec to expand research initiatives in India

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V Rishi Kumar

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Saturday, 07 June , 2008, 11:23

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Hyderabad: Symantec Corporation is set to expand its research and development mandate out of India, with a focus on new generation products and customisation requirements for markets in the region.

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The Vice-President of India product Operations, Symantec Corporation, Shantanu Ghosh, told Business Line that the company researchers are working on a host of new products from its development centres based in Pune and Chennai covering both enterprises and individual users.

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"We now have over 2,500 people working on a wide range of products and contributing significantly to intellectual property (IP) creation. Many of them may eventually lead to patents. As a part of this, we have set up a committee that will assist in patent filings," he said.

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Shameless when it comes to power and money

clipped from http://www.telegraphindia.com//1080607/jsp/nation/story_9377594.jsp

BSY trains sights on Gowda flock

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SANJAY K. JHA

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BJP leaders said despite breaching the southern barrier, the party was dogged by a sense of insecurity as it had not won a simple majority on its own.

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New Delhi, June 6: The BJP, buoyed by the trust vote victory in Karnataka today, has decided to play a new game: split H.D. Deve Gowda's flock and beef up its bench strength.

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BS Yedyurappa with HD Kumaraswamy at the former chief minister's residence in Bangalore on Wednesday. (Bangalore News Photo)

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The party had fallen short of three seats in the House of 224 and had to seek the support of six Independents to make the magic number. Five of them have been made ministers but the BJP is not confident about how committed they are.

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The betting menace

clipped from timesofindia.indiatimes.com

Chennai bookies bet Rs 300 cr on final

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2 Jun 2008, 0344 hrs IST,A Selvaraj,TNN

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CHENNAI: Nearly Rs 2,500 crore was up for grabs on Sunday as the IPL final between Chennai Super Kings and Rajasthan Royals kept bookies across the country on their toes.

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"For bookmakers in Delhi, Jaipur, Mumbai, Kolkata, Bangalore and Agra (the major centres for betting), this was a mega event. Nearly Rs 2,500 crore was at stake, with almost Rs 300 crore from Chennai. It is estimated that a total of Rs 20,000 crore was wagered during the 44 days of IPL matches," a cricket broker told The Times Of India.

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Speculation was high for Rajasthan Royals after their 12 victories in the Twenty-20 matches played in the Indian Premier Leagues, but Chennai Super Kings emerged as favourites for bookmakers across India after their stunning victory in the semi-final against Kings Punjab XI.

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