Inevitable but......

Leaving Infosys like daughter''s marriage: Narayana MurthyOn Wednesday 18 May 2011, 12:01 PM

New Delhi, May 18 (PTI) Leaving Infosys to N R Narayana Murthy was like parents sending away their daughter after her marriage, the founder and outgoing chairman has said in his last letter to the company''s shareholders.
"The best analogy that I can think of for this separation between Infosys and me is that of one''s daughter getting married and leaving her parents'' home," Murthy said in an emotional letter to Infosys'' shareholders.
Having nurtured the country''s leading IT firm for the last 30 years, Murthy would be succeeded by eminent banker K V Kamath as Infosys'' Chairman with effect from August 21 and would thereafter become ''Chairman Emeritus''.
Murthy, in his letter published in the company''s annual report for 2010-11, went on to say that he had to go through tough times explaining to his son and daughter about whom he loved more -- Infosys or the family.
Murthy said that his children do not believe him, even today, that he loved them more than anything else.
"When I was spending 16-hour days in the office and was away from home for as many as 330 days in a year, it was hard for my children to believe in my commitment to the family," he said.
Terming the Infosys journey as an integral part of his life, Murthy said that most of his colleagues tell him that "Infosys is an inseparable part of me and I am an inseparable part of Infosys." "I have been the Number One actor in every major decision taken in the company. I have rejoiced in every significant milestone of the company. I have commiserated in every false step that this company has taken," he asserted.
Giving the analogy of a daughter''s marriage, Murthy said: "Yes, the parents will be there when she needs them and they will be happy that she is starting a new life in an exciting new environment." He went on to explain in his letter the entire journey of the company to become one of the leading technology majors of the country.
Wishing the current management of the company luck for the future, Murthy said that he would be always there, whenever needed by Infosys.

Infy gave away Rs 50,000 crore of stock options to employees

On Wednesday 18 May 2011, 2:36 PM

Bangalore, May 18 (PTI) Infosys Chief Mentor N R Narayana Murthy has said the company has given away Rs 50,000 crore (at current stock prices) of stock options to its employees since inception.
Writing in an article titled "Goodbye, folks. March on with values...", in the NASDAQ-listed firm''s 2010-11 annual report, Murthy said, "I do not know of any Indian company that has given away as much as Rs 50,000 crore (at current stock prices) of stock options to employees".
"Today, every Indian employee at every level who joined us on or before March 2010 is a stockholder of Infosys", he said.
Murthy is stepping down as non-executive Chairman and Chief Mentor on August 20 this year when he turns 65. He has been named Chairman-emeritus for life by the board of the company, which is completing 30 years in 2011.
Murthy said Infosys had demonstrated that businesses can be run legally and ethically; that it was possible for an Indian company to benchmark with the global best; and that any set of youngsters with values, hard work, team work and a little bit of smartness can indeed be successful entrepreneurs.
"This way, we have enthused millions of young men and women in India. This, in my opinion, is Infosys'' greatest contribution", he said.
"The crucial things we have to do in the future are: recognise our weaknesses, be open-minded about learning from people better than us; learn from our mistakes and not repeat them; be humble, honest and courteous; benchmark with the best in every dimension; use innovation to perform at global levels; and create a worthwhile vision and improve every day", Murthy said.
He added: "This is how our mantra of focusing on speed, imagination and excellence in execution will take this company very far

Thanks to PTI and to Yahoo…..

The Policy push???....

The election results are better than expected to Congress than to any body else. Now the challenge how to take the next level of growth wave with out falling the inflation trap based growth. Many might have predicted but I published the Cabinet reshuffle in my previous posts.

The biggest advantage to govt is that they can rely on reforms but not on opportunity for grafting corruption line. The PM stand on the corruption shall become visible rather than keeping himself above. The support and pressure from Mamataji may become crucial and the push and pull be violent with the recent success. The plans to rise diesel price may get stiff resistance from allies may save the market also. The corporate scions are welcoming the change but the change shall take place at the centre on crucial issues like FDI and PF funds to markets.

The major developments are election results and the Wipro buying stake in Brazil company, UID’s 40000 cr plan to outsource services, Arvind joing hand with Tatas for residential and commercial buildings at Ahemedabad. The Suzlon positive results may keep the stock in positive territory.

The rise in dollar index may trigger for the sell of in emerging markets especially country like India which is scarifying growth for controlling inflation. Now the Growth may become a potential element rather than an on going process. The momentum may get disturbed may create crippling effect after wards. The threatening ones are like PMEAC head Rangarajan suggesting for rising further rates and freeing diesel. The US late recovery and need for raising further debt for more spending by Obama may not be a good sign to markets as the fiscal debt of US for now is OK but further rise may have cascading effects.

The Nifty is good above 5550 and the lower level 5460 shall not be pierced in this week as the jubilance of Bulls shall take the index to next level. The biggest hurdle for this movement is RIL, HDFC and Infosys. The positive stocks like HUL, ITC, ONGC and the Pharma lot may turn a drag if the Nifty fails to trade above 5640 level.

The Midcaps are out performing and will continue their journey despite of lack of momentum in Nifty. The metal pack and the IT pack shall turn their Southward journey to upward other wise the weakens will worsen and the Nifty may crumble. To avoid this situation TCS shall trade above 1153, Infosys above 2950 and RIL above 965 level. The better upward momentum HUL shall not trade below 296 level.