Shift in Infosys management panel…

Infosys

Infosys was founded on 2 July 1981 by seven entrepreneurs, N. R. Narayana Murthy, Nandan Nilekani Krish Gopalakrishnan, S.D. Shibulal , K Dinesh with the present value of $6 billion.

Narayana Murthy who was the founder of company,needs no introduction, he started the company by borrowing Rs.10,000 from wife Sudha Murthy will retire in in august 2011

Nandan Nilekani was of the originator of Infosys became the CEO of Infosys in March 2002, taking over from Murthy. Nilekani served as CEO of the company from March 2002 to April 2007, when he relinquished his position to his colleague Krish Gopalakrishnan, becoming Co-Chairman.He left Infosys on 9 July 2009 to serve as the chairman of the Unique Identification Authority of India.

Krish Gopalakrishnan another founder Infosys Technologies Limited. The initial years of his responsibility at Infosys included management of design, development, implementation and support of information systems for clients in the consumer products industry. But after he took over as CEO and MD his functions included Customer Services, Technology, Investments and Acquisitions.

S.D.Shibulal,was supposed to be the best niche for this place. He’s the co-founder of the company. On June 22, 2007, Shibu took over from S. Gopalakrishnan as Chief Operating Officer. According to the company website, Shibu's focus has been on increasing competitiveness, improving customer experience, enhancing employee engagement and increasing the depth of services.On April 30, 2011, Shibu took over the role of Chief Executive Officer.

This was about the creators of Infosys and the deciding panel for choosing new CEO and MD was laid by Jeffrey Sean Lehman. He stated this thing Narayana Murthy's successor is not his replacement.

But now finally KV Kamath appointed new chairman of Infosys, Shibulal new CEO functioning from 21^st august,2011.

He is the non-Executive Chairman of ICICI Bank, the country's largest private lender. KV Kamath was a natural choice as he was a non-IT person and he has a very acute mind he would have the same kind of keen sense in the business even if he was from the IT industry.

Shibulal as already mentioned is a person who will ensure that his leadership transition is smooth along with making other organisational changes to strengthen our market position and ability to serve our clients better.

While Krish.Gopalakrishnan continued to hold his position as Executive Co-Chairman of the company and will work on enhancing customer, employee and investor connect ensuring that this company moves forward in the strategic direction that it has been set.

According to Mr.Murthy he’s leaving his company in capable hands These three leaders meld an extraordinary range of talents and experiences with a united commitment to drive the company... We could not be in better hands…

Ascending Crude oil Prices

As we all are familiar with rising commodities (like discussed about silver in previous post) and crude oil too…

There are many reasons responsible for the price rise in crude oil in 2010-11.If we focus on some factors then the prime causes are:-

1. 1. BP(British Petroleum) oil spill-It happened on 20 th April,2011 in Gulf of Mexico. It is the largest accidental marine oil spill in the history of the petroleum industry. It is believed that the daily flow rate diminished over time, starting at about 162,000 barrels of oil per day and decreasing the reservoir at a considerate level.At that time crude oil hit the levels of $100.

From then onwards demand for crude oil reached new heights.

2. Unrest in Egypt-Global oil prices could exceed $110 a barrel when political unrest in Egypt continued because of their president Hosni Mubarak, and the other main reason was agitation near Suez Canal or the Suez Mediterranean (SUMED) oil pipeline which passes near Cairo. The canal ships 1.5 million barrels per day (bpd) of crude and the pipeline carries 1 million bpd. Together they account for nearly 3 percent of daily global oil demand.

All this ultimately affected the global oil prices.

3. Libyan turmoil-Growing anti-government movements, military suppression due to Muhammad Gadaffi administration increased more of public chaos and serious political problems. According to OPEC(Oil and Petroleum Exporting Countries) Libya comprises of total 2 % of world’s oil share. It exported 9.7 billion cubic meters to Europe in 2009-10.The actual civil war in Libya was longer than in Egypt, which led Libya to more losses and at the end we could see crude oil trading between $115 - $120.

Other reasons were Dollar-denominated commodities become cheaper with a weak dollar, in turn increasing the price of oil and Heating oil demand from the Northern hemisphere along with debt crisis in euro-zone.

Present situation

Top oil exporter Saudi Arabia is unhappy with high oil prices and concerned about their impact on the global economy. Unrest and violence in North Africa and the Middle East and strong demand growth in Asia have pushed prices to their highest levels since 2008.Rising fuel demand led by growth in China, India and the Middle East has outpaced Riyadh's expectations, and Saudi Arabia now sees medium to long-term oil consumption higher than it had previously anticipated.

If we see further rising demand should push up crude oil prices in 2011 in the near term. At the same point in time ,lack of new significant oil discoveries confirm that there is an impending oil crisis that will hit the global economy. This would further drive up already accelerating oil prices.

That was all…but still if you are more interested in looking for oil prices then following is the link

http://www.oil-price.net/en/articles/oil-price-at-comfortable-level.php

take care..stay blessed..:)

Hey wats up friends..??

Its been long since I posted..so here I go…as we all are aware of rising silver prices..but whats the reason behind it increasing so suddenly and that too so steeply…and why only silver not gold…???????????

In 2007 commodity prices soared when there was actually a slowdown in the global economy. Then there goes a concept of USA Federal Reserve intervention that keeps track for all the currency reserves. For maintaining their own accounts, they keep on printing dollars which ultimately reduced the value of currency and increase the value of commodity in global markets. Silver remains valuable because it is in great enough supply to be useful as money. Silver is not only used as money and for jewelry. It has many industrial uses.. We need it for mirrors, medical devices, as catalysts in chemical reactions, in photovoltaic cells for solar-power technology, in rechargeable silver-zinc batteries, in household appliances and in high tech products such as cell phones and TVs. 45% of the demand for silver comes from the electronics industry alone. Increasingly, silver antimicrobial and antibacterial qualities are being used in many types of medical applications. There are many ongoing research projects on the use of silver based compounds for therapeutic and antibacterial purposes. Increasing industrial demand and application for silver forecast higher prices due to economic growth in China, India, Vietnam, and Brazil. Their growing middle classes are now demanding the quality of life and standard of living enjoyed by many in the West and thus the demand for silver will likely increase.

As gold prices continued to move higher, silver buying increased. People have now even shifted to silver as an investment avenue which earlier was limited to gold. Gold is harder to find and mine. Silver is relatively more abundant and can be consumed in industrial processes. The gold silver ratio has exhibited quite a bit of volatility. A higher ratio shows both gold strength and silver weakness. When the ratio declines – as it appears to be doing right now – it means silver is getting stronger. It should be noted that a declining ratio doesn't mean the gold price is falling. It could mean that both metals are rising, but that silver is rising faster than gold. If we see records for the past five weeks Silver had just soared 33% in five weeks. Gold only went up just 4% over the same period.

Summing up, the short-term signs appear bullish for precious metals market.The rates of silver are likely to drop up to Rs55,000 and again it may go beyond Rs70,000 in near future…

Go and get silver as soon as possible…It’s a very beneficial deal for future..

And I hope I was able to explain you with the relevant points..

Take care…have a great time…