Nifty December futures strike 4,000
Sensex struck new all time high in mid-afternoon trade. Nifty December futures struck 4,000 level and Nifty cash was within striking distance of 4,000 level. FMCG major Hindustan Lever, Satyam Computer and Hero Honda firm up in mid-afternoon trade.
Auto shares rose on decent to strong sales for the month just gone by.At 14:55 IST, Sensex was up 148 points at 13,844. Sensex hit a high of 13,852.77 at 14.48 IST, surpassing its earlier all time high of 13,835.53 struck at 11:41 IST
Nifty was up 42.80 points at 3,997.30. Nifty December futures struck 4,000 level.The market breadth was strong. 1546 shares rose on BSE as compared to 988 shares that declined. 76 shares were unchanged.BSE clocked a turnover of Rs 3730 crore.
Infosys may log onto Nasdaq 100
Leading Indian software firm Infosys Technologies could probably be rubbing shoulders with other corporate giants listed on the coveted Nasdaq 100 as a direct consequence of its secondary offering of 30 million American Depository Shares (ADS).
In fact, in addition to the possibility of a Nasdaq 100 membership, the ADS issue provided a golden opportunity to the company's top executives and Directors who have sold shares worth Rs 863 crore ($191.78 million ) in the secondary ADS offering. The total ADS issue is worth $1.6 billion (Rs 7,139.76 crore) based on the price that had been fixed earlier of $53.5 per ADS.
The group of eight Directors and executive officers had collectively offered over 130 million shares of which a total of 3.5 million shares worth Rs 863 crore have been sold. Non-Executive Chairman and Founder Narayana Murthy sold 4.5 lakh shares, CEO Nandan Nilekani sold 11.81 lakh shares and Chief Operating Officer S Gopalakrishnan sold 8.86 lakh shares, among others, the company said in a filing to the Bombay Stock Exchange.
NILEKANI NAMED FORD BUSINESSMAN OF THE YEAR
Infosys CEO Nandan Nilekani has been named as 'Businessman of the Year' for 2006 by Forbes Asia for his "nimble" stewardship in keeping the company ahead of peers in the global outsourcing phenomenon.
The 51-year old co-founder of the Bangalore-based firm was picked for his track record in keeping Infosys nimble and ahead of its peers in the global outsourcing phenomenon, Forbes Asia said in a statement issued in Beijing.He has been chief executive since 2002 but took sole charge in August when Infosys founder Narayana Murthy retired.Under his tenure, Infosys has achieved sustained profitability - after-tax profit grew by 30 per cent in each of the last three years.
Auto shares rose on decent to strong sales for the month just gone by.At 14:55 IST, Sensex was up 148 points at 13,844. Sensex hit a high of 13,852.77 at 14.48 IST, surpassing its earlier all time high of 13,835.53 struck at 11:41 IST
Nifty was up 42.80 points at 3,997.30. Nifty December futures struck 4,000 level.The market breadth was strong. 1546 shares rose on BSE as compared to 988 shares that declined. 76 shares were unchanged.BSE clocked a turnover of Rs 3730 crore.
Infosys may log onto Nasdaq 100
Leading Indian software firm Infosys Technologies could probably be rubbing shoulders with other corporate giants listed on the coveted Nasdaq 100 as a direct consequence of its secondary offering of 30 million American Depository Shares (ADS).
In fact, in addition to the possibility of a Nasdaq 100 membership, the ADS issue provided a golden opportunity to the company's top executives and Directors who have sold shares worth Rs 863 crore ($191.78 million ) in the secondary ADS offering. The total ADS issue is worth $1.6 billion (Rs 7,139.76 crore) based on the price that had been fixed earlier of $53.5 per ADS.
The group of eight Directors and executive officers had collectively offered over 130 million shares of which a total of 3.5 million shares worth Rs 863 crore have been sold. Non-Executive Chairman and Founder Narayana Murthy sold 4.5 lakh shares, CEO Nandan Nilekani sold 11.81 lakh shares and Chief Operating Officer S Gopalakrishnan sold 8.86 lakh shares, among others, the company said in a filing to the Bombay Stock Exchange.
NILEKANI NAMED FORD BUSINESSMAN OF THE YEAR
Infosys CEO Nandan Nilekani has been named as 'Businessman of the Year' for 2006 by Forbes Asia for his "nimble" stewardship in keeping the company ahead of peers in the global outsourcing phenomenon.
The 51-year old co-founder of the Bangalore-based firm was picked for his track record in keeping Infosys nimble and ahead of its peers in the global outsourcing phenomenon, Forbes Asia said in a statement issued in Beijing.He has been chief executive since 2002 but took sole charge in August when Infosys founder Narayana Murthy retired.Under his tenure, Infosys has achieved sustained profitability - after-tax profit grew by 30 per cent in each of the last three years.
posted by SY at 3:10 PM
0 Comments:
Post a Comment
<< Home