News makers:

05 September 1999

Mr Raghavan had earlier turned down the offer of  the managing director's post in the company and recommended the name of  present managing director Nandan Nilekani. He says Mr Nilekani's younger age favoured him.

He has made it known that he will initially work with the Infosys Foundation, a charitable trust set up by the company.

Mr N.R. Narayana Murthy, chairman of Infosys Technologies, said it would be difficult to imagine Infosys without Mr Raghavan. "He has been a close and affectionate colleague in this marathon of building Infosys. His desire to spend his post-retirement time on charitable activities deserves our applause," Mr Narayana Murthy said.

Trump to run for US presidency
Washington: Donald Trump, the billionaire New York developer and New Jersey casino owner, says he is planning to run for the US presidency. Mr Trump said his top choice as vice presidential running mate will be television talk-show host Oprah Winfrey

Mr Trump made billions in the New York real estate boom of the 1980s and lost much of it in the bust of the early 1990s. He, however, bounced back and Forbes magazine now puts his fortune at $1.6 billion. He says he will run for the White House only if he is convinced that he can win. A survey of New Yorkers released this week by Quinnipiac College had a blunt message for him: "Forget about it".