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Infosys opens the NASDAQ from Mysore
By agencies
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Monday, 31 July 2006, 19:30 IST
MYSORE: Infosys Technologies Limited (NASDAQ: INFY) today opened the NASDAQ Stock Market from the Infosys campus in Mysore, India. The event marked the first time that the NASDAQ Stock Market was opened by a company in India. Broadcast live from the Infosys campus in Mysore to NASDAQs MarketSite tower in Times Square, New York City, the opening signaled that the world is increasingly flattening and that India is part of the global economic community. Infosys was the first Indian company to be listed on the NASDAQ in 1999.
To mark Infosys 25th anniversary, the bell was rung by N.R. Narayana Murthy, Chairman of the Board and Chief Mentor; Nandan M. Nilekani, CEO, President and Managing Director, Infosys; Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, Government of India and Bob Greifeld, President and CEO, The NASDAQ Stock Market..
Twenty-five years ago, we founded Infosys with a vision of the global delivery model. That vision has been validated as the tide of globalization has swept across the world and businesses are dramatically changing how they run their organizations, said N. R. Narayana 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 NASDAQs virtual market model. Since NASDAQs 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 capitalization of US$ 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, The NASDAQ Stock Market.
Infosys was recently named to NASDAQs new Global Select Market. Designed for public companies who have met the highest standards in the world for corporate governance, market value and liquidity, Infosys is one of 1,200 companies in this category.