Another First for Infosys (INFY)
In 1999, software giant Infosys Technologies (INFY: NASDAQ), headquartered in Bangalore, India, became the first Indian firm listed on NASDAQ. Starting today, Infosys joins Ebay, Google, Yahoo, Microsoft, Dell, Intel and Amazon, and becomes the first Indian firm on the NASDAQ-100 Index, as part of an annual revision to the index, based mostly on market capitalization.
Read a Forbes article here. See how it is being reported in India. Notice in the graph above that Infosys' share price has about doubled over the last two years ($30 to $60), generating approximately a 36% annual return using the Rule of 72.