Karnataka govt seeks Narayana Murthy's services
Mysore: The Karnataka government, led by HD Kumaraswamy, has expressed its interest in employing the services of NR Narayanamurthy, chairman and chief mentor of IT company Infosys.

Recently Kumaraswamy's father, and former prime minister, Deve Gowda publicly took on Infosys and Murthy stating Infosys did not require around 845 acres of land in Bangalore, which the IT major had sought for expansion. This controversy led to Murthy resigning from the chairmanship of Bangalore International Airport.

The present chief minister of Karnataka, H D Kumaraswamy, said, "All of us know Murthy will step down formally soon. This presents us with an opportunity…surely a talent like this cannot be allowed to remain untapped. He is too precious a commodity whose full potential cannot remain unexploited. We would like to benefit from his vision, enormous experience and sincere desire to work for Karnataka," at the silver jubilee celebrations of the IT major."

"Murthy heads the state's Vision Group on IT, which will meet soon to organise Bangalore IT.com between October 28 and 31. His participation will be a fitting tribute to the celebration of Suvarna Karnataka (golden jubilee of Karnataka formation)," Kumaraswamy stated.
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Munesh Khanna to head I-banking at DSP Merrill
Mumbai: Munesh Khanna, former head of investment banking at Enam, is joining DSP Merrill Lynch as managing director, investment banking business, reporting to chairman Hemendra Kothari.

Amit Chandra, who is also managing director of DSP Merrill Lynch, will look after global markets and proprietary investments, according to sources.

Khanna joined Enam financials in November, 2005, after leaving NM Rothschild where he was the managing director for more than three years since 2002. During his short stint at Enam he oversaw IPOs of Air Deccan, ENIL and Reliance Petroleum.

Khanna was also responsible for closing the mammoth and complex Dabhol deal. Rothschild represented the local lenders, led by IDBI, who had an exposure of almost Rs5,000 crore to the mega project.

Khanna started with Arthur Anderson and was with the orgnisation between 1985 and 2001 heading the corporate finance group. But he left before the firm's collapse. Before he left, Anderson closed one of the largest overseas acquisition by an Indian company-Tata Tea's acquisition of the Tetley group in UK. At the time, it was the biggest foreign acquisition by an Indian company.
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