Infosys Technologies Selected as a Member of The Global Dow
New Index Instituted to Represent the World's Leading Corporations - Present and Future
Bangalore, India - November 19, 2008: Infosys Technologies Ltd, (NASDAQ: INFY) today announced that it has been selected as an original component member of 'The Global Dow' - an index of the most innovative, vibrant and influential corporations from around the world; chosen by journalists and the Editor in Chief at Dow Jones. 'The Global Dow', which was launched last week, is a new world-wide stock index made up of 150 leading blue-chip stocks.
The Global Dow index includes companies who have had a long history with success and a wide following among investors. The index universe is defined as all publicly traded securities in markets that are open to foreign investment. The membership to the index is based on size and reputation and the promise for the future. In recognition that global wealth is no longer concentrated in a few countries, The Global Dow has also been designed to cover both developed and emerging economies - as well as companies from emerging sectors.
Commenting on Infosys' selection for The Global Dow, S. Gopalakrishnan, Chief Executive Officer and Managing Director, Infosys Technologies said, "We are delighted to be chosen as a member of The Global Dow. Being selected from amongst so many companies in a competitive global environment showcases the increasing importance of emerging economies such as India and is a significant achievement for Infosys. This selection reiterates our leadership, success and recognizes our potential."
The Global Dow is a 150-stock index that measures the world's leading blue-chips which are chosen primarily by size, reputation and importance in the global economy, with an emphasis on:
- Reflecting both developed and emerging markets.
- Achieving representation of new as well as established industries.
- Selecting companies that drive the global economy today and are poised to do so tomorrow.