Voices

``A further climb in oil prices could bring turbulence to world economies. However, the sense was we could reasonably expect a gradual decline in the oil price after the northern hemisphere winter.'' -- Mr Eddie George, Governor, Bank of England on the views of central bankers.

``Speed, excellence and imagination in execution are the three parameters essential for a company to become a market leader.'' -- Mr N. R. Narayana Murthy, Chairman and CEO, Infosys Technologies.

``The increase in liquidity and money supply following the India Millennium Deposits will not exert any inflationary pressures or affect interest rates in the second half of fiscal 2000-01.'' -- Comment by Crisil.

``The very fact that nearly 84.5 per cent of the revenue came from repeat business ensures the sustainability of business...too much repeat business could inhibit changing brand image and value progression.'' -- Mr Nandan Nilekani, Managing Director, Infosys Technologies.

``By merging resources and innovations, the new company will aim at enhancing the services and benefits of our valued customers.'' -- Mr Subash Chandra, Chairman, Essel Packaging on the acquisition of Propack.

``The move of Zurich India Mutual Fund to use the trading platform of the National Stock Exchange would lead to great convergence in the distribution of mutual funds and financial products.'' -- Mr Ravi Narain, Managing Director, National Stock Exchange (NSE).

``The government will not let Hyundai Engineering collapse as it would have too big an impact on the economy.'' -- Mr Jin Nyum, Finance Minister, South Korea.

``The offering of equity will enable the Singapore Stock Exchange to enjoy the flexibility available to any listed company in terms of capital structure, corporate financing and mergers and acquisitions.'' -- Mr Thomas Kloet, CEO, Singapore Stock Exchange (SGX).

``The proposed three-level disclosure of holdings by an acquirer -- at 5, 10 and 14 per cent of equity -- will make the process more transparent.'' -- Justice P. N. Bhagwati, Chairman, SEBI Takeover Panel, on the proposed changes in takeover regulations.