Archive For The “Finance & Business” Category

Hexaware dividend announcement , July 2011

Hexaware Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 27, 2011, inter alia, to consider the following:

1. The Un-audited Financial Results of the Company for the quarter ended June 30, 2011

2. declaration of interim dividend on equity shares of the Company.Source : BSE

The Share price jumped to a high of Rs 88.

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What is Phishing?

Beware of Phishing

What is Phishing?

Phishing ( a variant of fishing) means when some fraudulent people “fish” for information.

More often than not , to capture authentication information, that can then be used by them to make illegal transactions.

A phishing attemp is in the form of an e-mail inviting you to click a particular link. The e-mail itself appears in the first glance as initiated by your bank.

All you need to do is to ignore such e-mails and define it as a spam. Dig deeper , you will find the email address of sender is not right.

PLEASE NOTE THAT NO BANK WILL COLLECT INFORMATION, including userid password etc, in a e-mail or over the phone. You are well within your rights to refuse response. Also YOU MUST bring it to the notice of your bank.

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Indians prefer Indian Companies for employment…A Survey

As per a survey, “foreign Jobs” have lost a sheen and Indian Professional are preferring to stay in India.

What I can say is that I have been seeing this phenomena in the IT sector especially among technical and management experts.

In fact some peoples salaries in India are at par with dollar salaries abroad. I am not saying equivalent, I am saying equal or more

A way of looking that the economy is blooming.


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Hexaware Bonus Announcement

Hexaware Technologies Limited has informed the Exchange that the Capital Issue Committee of the Board at its meeting held on March 02, 2011 considered and approved the allotment of bonus shares in the ratio of 1:1 as approved by the shareholders at the Extra-Ordinary General Meeting held on February 15, 2011. The total shares allotted are 14,55,45,781, based on the record date of February 25, 2011. The issued and paid up capital after the allotment of bonus shares stands increased to Rs. 58,21,83,124/- comprising of 29,10,91,562 shares of Rs. 2/- each.

It is expected that the Bonus Shares will be credit on or before 9th March, 2011.

Currently there are around 80000 shareholders and Market Price ex-bonus is hovering between Rs 54 – 55.

This could be good buy and in a year from now it can give you more than 30% return.

Hexaware already has given a 2 interim dividends of 30% and 50% and final dividend will be announced along with their Annual Report.



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India Budget 2011 Income Tax Slabs

India Budget 2011 Highlights

• Personal income tax slabs changed:

o Income upto Rs.1.8 lakhs – nil.

o Income between Rs. 1.8 lakhs and Rs. 5 lakhs – 10%.

o Income between Rs. 5 lakhs and Rs. 8 lakhs – 20%.

o Income above Rs. 8 lakhs – 30%.

o Incomes of senior citizens between 60 and 80 years of age, to be exempted upto Rs. 2.5 lakhs and for those above 80 years, exemption applicable upto Rs. 5 lakhs.• Fiscal deficit pegged at 4.6% of GDP for 2011-12.

• Fiscal deficit projected at 4.1% and 3.5% for 2012-13 and 2013-14, respectively.

• Revenue deficit for 2011-12 pegged at 3.4%.

• Revenue deficit for 2010-11 revised downwards to 3.4% from the budgeted estimate of 4.0%.

• Net market borrowings for 2011-12 is budgeted at Rs. 3,430 billion, 2.3% over 2010-11.

• Total expenditure for 2011-12 to increase by 3.4% over 2010-11.

• 1.4% fall in capital expenditure, while 4.1% increase in revenue expenditure over 2010-11.



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