NRN Calls It a day
NR Narayana Murthy steps down as Infosys chairman on August 20th. [source]
While the wealth creation part of Infosys has been well chronicled, a facet of Murthy’s which has been underrated is that of a marketer. He built the Infosys brand almost single- handedly with a zero budget. He figured very early that if he and his company did interesting things and stayed on the message, the burgeoning print and electronic media, always looking for a good story, would cover Infosys well. Hence all the innovations that Infosys introduced: employee stock option programmes, exhaustive annual reports in some umpteen languages, a fabulous campus that transported you straight to Silicon Valley, cycles for the young employees to zip around, got tremendous play.
Educomp Under I-T Dept Lens
The Income Tax Department searched and surveyed Educomp, the Gurgaon-based e-learning company on Thursday. The action is likely to continue till Friday. The company’s stock tanked to a 52-week low on THE BSE. It is believed that the IT Department had suspicions over some accounting practices and remittances that the company had received. [source]
Bharti Airtel under Enforcement Directorate scanner
Bharti Airtel has come under the scanner of the Enforcement Directorate for alleged violations of Foreign Exchange Management Act.[source]
Govt admits inability to decrypt intercepted communications including BlackBerry
The security agencies are able to access the encrypted data and virtual private network data transfers of multi-national telecom vendors including BlackBerry through lawful interception and monitoring facilities by the telecom operators. However, the security agencies have intimated that they are not able to decrypt the encrypted intercepted communication to readable format [ET].
BCCI’s mobile, Net tender at Rs 3 cr per match
The Board of Control for Cricket in India (BCCI) today invited bids to secure mobile and internet rights to international and domestic series tournaments played from October, 2011, to March, 2014, at a reserve price of Rs 3 crore per match.[source]