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Tata Consultancy Services (TCS) will hand out across-the-board salary increments for 2021-22, becoming the first IT services company to do so. The salary hike roll-out will benefit nearly 4.7 lakh employees of the company. The average increment band for offshore employees is expected to be 6-7 per cent as per norms, sources privy to the development told PTI. This would be the second salary hike within six months by TCS.
Analysts believe that investors should look at stocks that hit 52-week lows only if they have a dividend paying track record, are debt-free and have sound fundamentals.
Get inspired by these celebs and burn your Diwali calories in style.
Silver, which is currently trading at Rs 68,453 per kilogram, has appreciated 21.7 per cent over the past three months. Investors, however, shouldn't get carried away by its recent performance and put their money in it. Instead, they should evaluate its pros and cons and then take a considered decision based on their risk appetite.
Mortgage firm HDFC Ltd on Wednesday announced sale of a 10 per cent stake in its private equity arm HDFC Capital Advisors to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for about Rs 184 crore. ADIA is also the primary investor in the alternative investment funds managed by $3 billion-HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 and 3; and is aligned with the government's goal to increase housing supply and support the Pradhan MantriAwas Yojana - 'Housing for All' initiative, HDFC Ltd said in a statement.
The likelihood is that India will maintain a moderately upbeat economic tempo -- well short of tearaway growth, explains T N Ninan.
The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed. Based on the recommendations of the Monetary Policy Committee (MPC), the RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May. The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.
Investors need to get the timing of entry and exit right to make money in thematic and sector funds, suggests Sarbajeet K Sen.
Viewed as India's most eligible bachelor by some, Congress leader Rahul Gandhi says he'll get married when the right girl comes along and part of the problem is that his parents' "really lovely marriage" has set the bar very high.
Facts on the Commonwealth Games to be held in Australia's Gold Coast:
The mass cycling event is all set to kick off on November 5, but looks like Indian roads, offices are not yet cycle-ready!
Prominent Indian-American politician Nikki Haley launched her presidential campaign on Tuesday, becoming the first Republican to challenge former US President Donald Trump in his 2024 bid for the White House.
Tucked away at a lane in Arehalli Guddadahalli, a small village in Bengaluru Rural district is a nondescript factory of LaundryMate, one of India's first organised technology-led online laundry services firms. The company has built the country's largest laundry facility, which is spread across 53,000 square feet - the size of a football field. Inside the hangar-like building, one can hear the whooshing and humming sound of big hi-tech washing machines being operated by the newly-recruited staff of LaundryMate.
Indian freestyle wrestlers claim Asian team title in U-17 category
As a 75-year-old septuagenarian, Bajaj Auto has adapted itself as a nod to competition, regulations, and changing buyer preference. It will continue to do so, said its managing director Rajiv Bajaj at the launch of the all-new Pulsar 250. This was in response to a question on the company's preparedness for disruption by electric two-wheeler start-ups.
'Valuations are very attractive, and most companies are cash-rich with strong dividend yields.'
'The selling in India may emerge as soon as the RBI reverses its interest rate stance.'
Latest official data shows that investment is, in fact, showing signs of a moderate pick-up.
After a sharp correction over the last few months, analysts seem to be turning cautiously optimistic on the information technology (IT) sector and suggest there could be trading opportunities in select counters despite revenue and growth concerns that still plague the sector. "IT stocks valuations have corrected 17 per cent-49 per cent and stock prices have corrected 9 - 42 per cent since mid-December 2021. Nifty IT index valuation has corrected by 27 per cent and price by 21 per cent. "About two quarters ago, we made a case that valuation drivers have peaked.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent, followed by Sun Pharma, IndusInd Bank, L&T, ITC and HCL Tech.
20 new industrial clusters will be developed in 2014-15.
Quant funds have a very short track record, and have underperformed so far, reveals Sarbajeet K Sen.
One of the most wanted terrorist, Mudasir Pandit, and a Pakistani ultra were among the three terrorist killed in an overnight encounter with security forces in the Sopore area of Jammu and Kashmir's Baramulla district, police said.
Drink enough water, focus on your portion sizes, cut out junk food, start a walking routine, and stay consistent.
'At present Metaverse is a hype cycle.' 'If it succeeds, then I would like to see TCS there, too.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The adverse impact on the margins of auto, consumer staples and consumer durables sectors will be counterbalanced by an earnings uptick in the metals, cement and oil & gas sectors.
Kleon Papadimitriou, a Greek student in Aberdeen, Scotland undertook the adventure when flights to much of Europe were cancelled due to the coronavirus pandemic.
The Center for Responsive Politics said that an 'extraordinary influx' of political donations in the final months -- driven by a Supreme Court battle and closely watched races for the White House and Senate -- pushed total spending in the election past the previously estimated 11 billion dollars figure.
The past appears to have interrupted the future of the New Delhi Railway Station (NDLS). With two protected heritage buildings sitting in the way of the plan to redevelop the railway station, officials in the know say the project may end up back on the drawing board since the National Monuments Authority (NMA), the body tasked with the protection and preservation of monuments and sites, is yet to give its approval. "A nod from NMA is awaited before going into the next phase of bids for the redevelopment of the New Delhi Railway Station," a senior official of the Ministry of Railways told Business Standard. While the Railways ministry is hopeful of getting approvals from the NMA before the end of the current financial year, there is no clarity on this yet.
The pandemic shines the spotlight on unexpected heroes.
Olympic Association is yet to get an official confirmation about shooting being scrapped from the programme of 2022 Commonwealth Games but said it will ask the organisers to reconsider its decision.
At Rediff.com, we would like to salute their undying spirit...
With the Tokyo Olympics set to start on July 23, here is some trivia from the first two editions of the modern Olympics held in 1896 and 1900.
On Wednesday, Swiss business tycoon Hansjoerg Wyss said he was one of three people who had been approached by Abramovich to buy the club.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Surprisingly, the most frequent of the walking squads are the Auntyjis, those you'd hardly credit with such dedication.' 'Yet, they're always present and the sprightliest of the lot in their salwar suits and saris,' says Kishore Singh.
Tarunraj Yadav from Vapi, Gujarat, tells us how he lost 24 kg in five months.
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