Narayana Murthy, the billionaire
Bangalore: N.R. Narayana Murthy is now a billionaire. As Infosys Technologies’ share price crossed the Rs 16,910-mark on the Bombay Stock Exchange, his 7.7 per cent holding in the company is valued at Rs 4,306 crore, or just about $1 billion. Mr Narayana Murthy has 25,46,344 shares in his company. The company as a whole can claim to have employee shareholders who are crorepatis, about 10 of them. Nearly 1,800 are lakhpatis.

Mr Narayana Murthy thus joins Azim Premji of Wipro, Shiv Nadar of HCL group, the Ambanis of Reliance, and Subhash Chandra of the Zee group in the Indian billionaires’ club.
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Sukhatme is AERB chief
Mumbai: S.P. Sukhatme, former director of the Indian Institute of Technology, Bombay, has taken over as chairman of the Atomic Energy Regulatory Board. He has been a member of the board since June 1995. An engineering graduate from Benaras Hindu University and a masters and doctorate from the Massachusetts Institute of Technology in the US, he is also on the board of Research in Nuclear Sciences and a member of the Science and Engineering Research Council. He has several contributions in the field of research in areas of heat transfer and solar energy.
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VSNL officer joins Birla AT&T
Mumbai: Vikram Mehmi, general manager and head of finance at Videsh Sanchar Nigam Ltd, has joined Birla AT&T Communications as chief financial officer. Mr Mehmi has been  involved in the $185 million GDR issue of VSNL proposed in February 2000.
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Greenspan gets fourth term
Washington: Alan Greenspan has been renominated as US Federal Reserve Board chairman for the fourth term. President Bill Clinton, in announcing the decision to give a fourth term to Mr Greenspan, acknowledged his "wise leadership" and his role in the US economic boom.

Mr Greenspan, 73, was first nominated to head the US central bank in 1987. He said he had agreed to stay in the job in part because of the unimaginable intellectual interest of putting economic theory to the test in the financial market.
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