Category Archives: World News

Narayana Murthy’s New Venture Fund

Narayana Murthy’s New view from Infosys: VC Fund

In the last Thursday, Infosys Technologies chairman NR Narayana Murthi sold the company shares worth around 8 lakh of 24 lakh for his new plan ‘Venture capital fund’. As in the company words, VC fund will encourage and support young people having brilliant business ideas. India will be the first country which is going to be applying this VC fund by Narayana Murthy. Only after that it will spread overseas countries through Infosys. As per the company statement 8 lakh of shares had sold for raising around RS.174.3 crore. 8 lakh of share means 0.13% of company financial status. Two months before, in an interview Narayana Murthi shared his ideas which contain his future plans. In the market, people welcomed his idea for VC fund. However, industry observers realized the importance for creating a fund when a person like Mr Murthy starts, as he is still very much a part of Infosys Technologies.
Infosys had informed BSE that the Board of Directors of the Company at its meeting held on October 2009 had declared dividend of Rs 10/- per equity share. After this dividend Narayana Murthi declared the details of VC fund.

ASEAN Meeting Thailand Decisions

ASEAN meet in Thailand on 24th October 2009

ASEAN (Association of Southeast Asian Nations) now plans to fight against the global recession. All the members of Association of Southeast Asian Nations are now happy to work hard for the same. The Indian Prime Minister Mr. Manmohan Singh will discuss with the ASEAN leaders to find out the best solutions to overcome to economic crisis.

Manmohan’s discussion with the members of ASEAN will also deal with agriculture, human resource development, education, science and technology and information and communications technology, etc.

This meeting will be attended with the members of the ASEAN nations India, China, Japan, South Korea, New Zealand and Australia in Thailand. It is given more importance and attention as the same has been postponed two times from last December, i.e. 2008. Thus the ASEAN meet in Thailand may be of great innovations to overcome the financial crisis of the member countries.

The Indian Prime Minister Mr. Manmohan will be having separate discussions with Japan, Singapore, Thailand, Indonesia and Vietnam as well. The prime aim of the meeting of the ASEAN leaders is to discuss and find solutions for global economic slowdown, food security, energy security and climate change. As India and China meet on the ASEAN discussion tomorrow both the nations will be talking about all the issues of mutual interest and profit. The India – China ASEAN Meet in Thailand on 24th October 2009 will be looked forth by all the Indians and Chinese. Thailand is the venue for the Indian P.M. and Chinese P.M.

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