Murthy adieu

New Delhi, June 10: Infosys founder N.R. Narayana Murthy will preside over the firm’s annual general meeting for the last time tomorrow as he retires on August 20 as the chairman. Tomorrow’s meeting is expected to be an emotional affair with Murthy bidding adieu to the company he started with six others with an initial investment of Rs 10,000 in 1981. Infosys has since then grown to become a $6-billion firm with over 1.3 lakh employees.

IMF post

New Delhi, June 10: India remained non-committal on supporting Mexican central bank governor Agustin Carstens’ bid for the top post at the International Monetary Fund. Carstens, who was on a day-long visit here to drum up support for his candidature, met Prime Minister Manmohan Singh and finance minister Pranab Mukherjee.

Drug warning

New Delhi, June 10: The US Food and Drug Administration has issued an advisory on the use of drugs having cholesterol-lowering molecule simvastatin in 80-mg strength, citing risk of muscle injury. The move can have an impact on the revenues of domestic generic drug firms, including Ranbaxy and Dr Reddy’s.