Skip to main content

Featured Post

How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
Post a Comment

HCL chairman Shiv Nadar resigns, daughter Roshni Nadar will assume responsibility






Shiv Nadar, chairman of tech company  HCL Technology, has resigned from his post. Now Shiv Nadar's daughter Roshni Nadar Malhotra will take over as the chairman of the company. The company has given this information in a regulatory filing on Friday. According to the regulatory filing, the Board of Directors has appointed Roshni Nadar Malhotra as the chairman of the board and the company. Roshni was a non-executive director at the company. The filing states that Shiv Nadar will continue to be the company's Managing Director (MD) and Chief Strategy Officer.



According to the regulatory filing, the company reported a profit of Rs 2925 crore in the first quarter of the current financial year. This is 31.7% higher than Rs 2220 crore in the year-ago period. This year HCL's revenue grew 8.6 per cent to Rs 17,841 crore. The company's revenue was Rs 16,425 crore in the same period a year ago. However, it was 4% lower than the 18,590 crores in the March quarter. HCL Technology President and CEO C. Vijayakumar said that adverse conditions had negatively impacted revenue in the first quarter and recorded a decrease. He said that the flexible operating model has helped us deliver operating margins and cashflows. He said that the company has some good bookings including 11 new deals.


The company has announced a dividend of Rs 2 per share to its shareholders. The company had 1,50,287 employees at the end of the June quarter. It also includes 7005 new employees. The company's attrition has been 14.6 per cent based on the past 12 months.



Labels:

Comments

  1. Rama Shankar mahobiyaJuly 18, 2020 at 8:38 PM

    आपके चरण कहां है, जहां पर भी है मैं सष्टांग प्रणाम करता हूं।

    ReplyDelete

Post a Comment

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...
Post a Comment
Read more

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...
Post a Comment
Read more

SEBI introduces a new category of funds flexi-cap in mutual funds

  Securities and Exchange Board of India (SEBI) has introduced a new fund category, Flexi-cap, in mutual funds. According to the circular, mutual funds in this category need to invest at least 65 per cent of the portfolio in equities. However, there is no restriction in terms of allocation to market capitalization range and they can dynamically shift across large-cap, mid-cap and small-cap. So, effectively, the new category of the fund in a mutual fund is how SEBI used to define the multi-cap category until it changed the category's mandate.   On September 11, 2020, SEBI issued a circular informing about the change in the mandate of the multi-cap fund's category. According to the new guidelines of SEBI, multi-cap funds need to allocate 25 per cent of the portfolio to each-large-cap, mid-cap and small-cap stocks, increasing the minimum equity allocation to 75 per cent. AMC has been given time until January 2021 to make the required changes in the portfolios of their multi-c...
Post a Comment
Read more