Gururaj’s Rumination

Rumination – The word says it all…

Indian flag @ NYSE

with 2 comments

My apartment is situated on 45th Wall Street, very near or next to New York Stock Exchange (NYSE). I daily walk till WTC Path station to take the PATH train to NJ Office. Today, 23rd June 2008, I saw this unusual siting while walking towards the WTC station. I saw the Indian flag hoisted on NYSE. That’s really some thing which excited me.

Tricolor

Tricolor

Tricolor

Tricolor

I thought I will somehow find out why Indian flag has been hoisted today @ NYSE but I could not find anything. But I’m proud that India is making it’s mark Internationally.

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Written by Gururaj

June 24, 2008 at 9:38 am

Posted in Event, News

Tagged with , , ,

2 Responses

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  1. That’s nice to know, I didn’t know all this.

    Thanks Kiran

    GB

    June 28, 2008 at 4:01 am

  2. An Indian flag will be hoisted/ displayed when an Indian Stock gets a listing on NYSE. If you remember the NASDAQ had displayed Indian flag when NRN rang the NYSE opening bell from Mysore. Similarly in Feb,2006 Azim Premji rang the opening bell and an Indian flag flew in front of NYSE. This can be for a variety of reasons but mostly their company stock was listed on NYSE on that day- to honor these special occassions.

    On June 23, 2008 Satyam became the first Indian Company to cross-market list on NYSE-Euronext. To honor the occassion Satyam’s CEO Ramalingu Raju rang the opening bell and an Indian flag fluttered in front of NYSE.

    Kiran Narayana

    June 25, 2008 at 1:26 pm


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