Infosys to shift its ADS from Nasdaq to NYSE Euronext

Indian IT major Infosys will shift its American Depositary Shares (ADS) from the NASDAQ to NYSE Euronext. The step is being taken to provide European investors better access to its stock.
What is ADS?

  • It refers to US dollar denominated share of any foreign company trading on an American stock exchange.

Why Infosys has chosen NYSE Euronext?

  • NYSE Euronext’s equities markets represent nearly 40% of the world’s equities trading and are considered the most liquid of any global exchange group.
  • Its tie-ups with exchanges in Europe will allow Infosys to expand its market base by making its stock more visible and accessible to investors in countries such as Germany and France.

Get these updates on Current Affairs Today Android App

Month:  Categories: Business, Economy & Banking
Tags:

Former PM I.K. Gujral passed away

image

Indra Kumar Gujral, former Pime Minister of India, passed away. He was 92.

  • I.K.Gujral (December 4,1919 – November 30, 2012)
  • Born in Punjab, in British India.
  • Participated in India’s struggle for freedom.
  • Left the Indian National Congress party in the mid-1980s and joined the Janata Dal.
  • Became the 12th Prime Minister of India from April 1997 to March 1998.
  • Second PM to govern exclusively from the Rajya Sabha, first being his immediate predecessor H.D. Deve Gowda.
  • Key contributor to India’s foreign policies.
  • Gave a set of five principles famously known as Gujral Doctrine to guide the conduct of foreign relations with India’s immediate neighbors.

5 Principles of “Gujral Doctrine

Get these updates on Current Affairs Today Android App