19
Friday
July 2019
8:28 PM IST
News Headlines
India asks Pak to implement ICJ verdict on Jadhav immediately; Imran says shall proceed as per law        Trust vote; Karna assembly adjourned amid din; Guv directs CM to prove majority by Friday 1.30 pm        IT dept attaches assets of Mayawati''s brother, BSP blames BJP govt        33 dead in suspected arson attack on Japan animation studio        Former Pak PM Abbasi arrested over corruption case        Iran Guards say they have seized a ''foreign tanker''        Bayliss replaces Moody as Sunrisers head coach        Rule Change: Chairman of selectors not secy to convene selection committee meeting        Sindhu enters Indonesia Open quarters, Srikanth ousted        Karnataka crisis: Cong leaders speak in divergent voices on SC verdict        MLAS Karnataka crisis: SC says rebel MLAs not to be compelled to take part in Assembly proceedings        US House votes to condemn Prez Trump over his ''racist'' tweets against four non-white Congresswomen        JuD chief Hafiz Saeed arrested on terror financing charges        Israel inks USD 50 mn deal with India to supply complementary Naval MRSAM systems        ICJ orders Pakistan to review Kulbhushan Jadhav''s death sentence; PM hails verdict        Inzamam-ul-Haq will end his term as the chief selector Pakistan's men side        Anish wins 25m rapid fire pistol gold, silver for Esha at Junior World Cup        Dev-led panel frontrunner to pick coach, but no decision before SC hearing        HC pulls up Kerala govt over Munnar encroachments        189 new rail lines under construction: govt        
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Business News
HCL Tech profit stands at Rs 2,568 cr in Q4
 
Noida:Technology giant HCL Technology''s net profit came down by 1.7 per cent at Rs 2,568 crore quarter-on-quarter in the January-March period of financial year 2018-19. The software technology company has recorded the net income of Rs 2,611 crore in the last previous quarter ended on December 2018. However, the company recorded a growth of 15.3 per cent at Rs 10,123 crore YoY in the quarter ended on March 2019, the company said while announcing its financial results here on Thursday.

Last year in the same quarter of December, the company''s net income was Rs 8,780 crore. HCL president andCEO C Vijaykumar said the company''s Mode 2 delivered a handsome 14.3 per cent QoQ constant currency growth during the quarter on back of strong sequentialgrowth of 13.1 per cent in constant currency in the previous quarter. For the full year, FY 2018-19 Mode 2 grew at solid 28.7 per cent YoY CC. Mode 2 and Mode 3 together constitute 28.4 per cent at the end of FY 2019. The company''s total revenue also jumped marginally by 1.9 per cent at Rs 15,990 crore in the quarter-4 of this fiscal from Rs 15,699 crore in October-December quarter of 2018-19.

The Noida-based company has reported that its EBITDA rose by 22.1 per cent Y-o-Y at Rs 11,820 crore in the fiscal year 2018-19. Mr Vijaykumar said, "HCLites have delivered a truly blockbuster performance with a double-digit constant currency revenue growth of 11.8 per cent that outperformed the high-end of our guidance. With 28.7 per cent YoY growth in constant currency, our new Mode-2 services delivered their strongest growth." He also announced dividend of Rs 2 per share for the 65th consecutive quarter of dividend payout. Payout ratio for the fiscal year 2019 stood at 52.6 per cent.


Air India passengers travelling to UAE can now carry 40 kgs of check-in luggage
Huawei planning major job cuts in US: WSJ
China GDP growth slows to 6.2 pc in second quarter
RBI to come out with mobile app for currency notes identification
Nine of top-10 firms lose Rs 88,609 cr in m-cap
Pak, Afghan resume transit treaty negotiations
Blunt talk needed in country today, Murthy says, cites his spat with Sikka
Gadkari appeals to MSMEs to plant trees
Infosys Q1 net grows 5.2 pc to Rs 3,802 cr; ups revenue guidance to 8.5-10%
Vistara announces international operations; to launch services to Singapore
Zomato partners with TikTok; conducts food drive in 74 cities
Sebi slaps Rs 65 lakh fine on individual for fraudulent trading
HDFC to raise up to Rs 3,000 cr via bonds to augment long-term capital
80 city-centric plans coming soon to make earth green, sky blue again: Javadekar
Parliament passes Aadhaar amendment bill
RBI to discuss with govt issuance of sovereign bonds: Das
Guj CM orders to cancel permissions given to Sterling Port Ltd at Dahej
Govt duty bound to achieve fiscal deficit of 3 pc as per law: FM
Forget about taxman; focus on business: CBDT to start-ups
Petrol price hiked by Rs 2.45, diesel by Rs 2.36 following tax hike in Budget
KERALA NEWS
HC pulls up Kerala govt over Munnar encroachments
 Kochi: The Kerala High Court Wednesday pulled up the state government over the issue of alleged encr  
Student Stabbed at University College: SFI leaders have gone absconding
Ker CM takes a dig at Congress MLAs on quitting spree
Special Additional Sessions court permits Dileep to travel abroad
INTERNATIONAL NEWS
33 dead in suspected arson attack on Japan animation studio
 Tokyo: A suspected arson attack at an animation production company in Japan killed 33 people and inj
Former Pak PM Abbasi arrested over corruption case
Iran Guards say they have seized a ''foreign tanker''
US House votes to condemn Prez Trump over his ''racist'' tweets against four non-white Congresswomen
NATIONAL NEWS
India asks Pak to implement ICJ verdict on Jadhav immediately; Imran says shall proceed as per law
 New Delhi: Maintaining that ICJ verdict on Kulbhushan Jadhav is a complete vindication of its stand,
IT dept attaches assets of Mayawati''s brother, BSP blames BJP govt
Karnataka crisis: Cong leaders speak in divergent voices on SC verdict
MLAS Karnataka crisis: SC says rebel MLAs not to be compelled to take part in Assembly proceedings
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