Infosys Technologies debut in Nasdaq 100 index Tuesday, December 12, 2006 11:54 [IST]
Mumbai: India's top IT solutions and services provider, Infosys Technologies said it would join Nasdaq 100 index yesterday (Dec 11, 2006), making it the only Indian firm to figure in the prestigious club.
"The move is important as it will make us a global brand improving our profile," Infosys CEO and Managing Director Nandan Nilekani said at a press meet here.
The Nasdaq 100 index comprises the largest non-financial stocks on the exchange.
In November 2006, Infosys went in for issue of 1.65 billion dollars American Depository Receipts.
The company is setting up a development centre in Latin America.
He said that the company is growing at 40 per cent in the European market."We have demonstrated to the world that our organic growth is robust than any other company. Infosys would take the organic growth route in Europe as well," he added.
However, the company is also open to acquisitions in those areas where organic growth is not possible, he said.
Nilekani expressed confidence that Infosys would close financial year 2006-07 with revenues exceeding 3 billion dollars.
However, Infosys shares closed at Rs 2,194.70, down 0.12 per cent today in the Bombay Stock Exchange where the Sensex saw a meltdown of 400 points.
Mumbai: 
