1. Infosys is planning to merge its IT and BPO operations as it will help it to ease operational costs. The company is undertaking such activites as it will help the company to provide customers with value added services at the same price. I think that this is a good strategy in these times of recession.
2. Mr NR Narayan Murthy, chairman of Infosys in an outspoken manner stated the same at NDTV profit that SEBI and the government of India should take tough and swift action against Satyam. The need of strict action is to let the FIIs know that these frauds are unacceptable in India. He was further optimistic that this will not have any impact on the IT face of India. He further added that few bad apples are found in every system. However he gave a caution that one will find further scrutiny from clients and they will give more importance to corporate governance. However on the optimistic note he stated that Indians can walk additional extra mile and are not worried for further scrutiny as they have a culture of honesty and transparency.
3. It was no surprise that Infosys along with Wipro was the top most gainer of the day and Satyam fraud led to its fall from the pinnacle of the glory and its fall means major gains for Infosys. Thus I will also be not hesitant in stating that one can pay more for the companies which are better managed like Infosys and that is the reason Infosys was tier I IT company and Satyam was Tier II IT company. Thus after Satyam fiasco one can sa that professionally managed company is better that family run business and thus due deliberation be given to the management.
7 Jan 2009
Mr NR Narayan Murthy, chairman of Infosys| Viewpoint for Satyam fraud and its Future Strategy
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