Infosys to ring Nasdaq opening bell on July 31 from Mysore
Bangalore: In a unique event, the NASDAQ stock market will be opened for trading from India. As part of its 25th anniversary celebrations, Infosys Technologies plans to recreate Opening Bell, a ceremonial event representing the beginning of the trading day at NASDAQ on July 31 at its Mysore campus.

Infosys will be the first Indian company to ring the Opening Bell from a remote location.

Infosys and NASDAQ are set to duplicate the market-site experience this month-end. With the use of a highly secure, IP-network, the NASDAQ will be remotely opened, bringing together millions of investors and market participants to celebrate the opening of the trading day.

A replica of the NASDAQ electronic sign-in screen will also be set up, following the tradition of CEOs and dignitaries signing the NASDAQ podium. The company's senior management team along with Bob Greifeld, president and CEO, The NASDAQ Stock Market, will be present on the occasion.

The Opening Bell ceremony will be broadcast live at the NASDAQ MarketSite and on its seven-storey tower from NASDAQ's premier broadcast studio in Times Square, New York.
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Spentex to issue shares to Citigroup Ventures
New Delhi: The board of directors of textile firm Spentex Industries has approved the conversion of 17.5 lakh warrants held by Citigroup Venture Capital into equity shares at a price of Rs36.54 each, the company said in a release.

The warrants were allotted to Citigroup Venture Capital on December 8, 2005, with an option to convert into equity shares before the expiry of 18 months from its date of allotment at a price of Rs36.54 a warrant, it said.

The company had received 10 per cent consideration at the time of allotment, it said. With this conversion, the equity capital of Spentex Industries would go up from Rs57.45 crore to Rs59.20 crore.

Spentex Industries is one of the largest yarn manufacturers in the country with a total capacity of 3.50 lakh spindles for natural and man-made yarns. It recently took over Indo Rama Textiles Ltd and Amit Spinning Industries Ltd.
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