Friday, August 11, 2006

For India the Bell Tolls...

Monday, July 31st will go down in the history of corporate revolutions, the globe over, as the day when the business world celebrated officially the ascension of India Inc. to take a spot of pride and envy in the world's corporate circles. It will marked as the day that the mighty Indian elephant started its cosmic dance that would see Indian companies going global and conquering new frontiers like never before. The day was marked truly by a momentous occasion that heralded all these changes. It was the day that Infosys rang the NASDAQ opening bell remotely from 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, India to NASDAQ's 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.

The Opening Bell is a ceremonial event that represents The NASDAQ Stock Market's virtual market model. As a result, NASDAQ can be opened from any location bringing together investors and market participants from around the world to mark the beginning of the trading day.

The event also marked the 25th anniversary of Infosys. In a news story published in its Technology section, USA Today has described Infosys as India’s most admired and best-known global brand. The news story traces Infosys’ history through seminal moments in the company’s 25-year history and salutes the vision of Infosys’ founders.

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