HCL Technologies wins Asian Human Capital Summit 2011 Award

HCL Technologies has been conferred the prestigious Asian Human Capital Summit 2011 Award in Singapore for its outstanding human resource practices.

HCL won the award for its corporate commitment to human capital. HCL Technologies has an online portal to allow any employee in any country to post any question about the company, a move which has promoted a transparent culture and has helped employees learn from one another.

The award was given by Minister of State for Manpower and National Development, Brigadier-General Tan Chuan-Jin at the Singapore Human Capital Summit.

Separately, HCL Singapore was also given another award by the Singapore Indian Chamber of Commerce and Industry (SICCI) for making a positive impact on Singapore's social economic development.

Singapore's former High Commissioner to Pakistan, Gopinath Pillai was given the SICCI-DBS Singapore-India Business Award for his varied engagement in the public and private sectors.

In the late afternoon, HCL Technologies was trading at around Rs408.50 per share on the Bombay Stock Exchange, 0.38% down from the previous close.

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HDFC Mutual Fund launches new fixed maturity plan

HDFC FMP 24M September 2011 (1) income scheme closes on 10th October

HDFC Mutual Fund has launched HDFC FMP 24M September 2011 (1), a close-ended income scheme.

The investment objective of the scheme is to generate income through investments in debt / money market instruments and government securities maturing on or before the maturity date. The tenure of the scheme is 24 months.

The new issue closes on 10 October 2011. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Bharat Pareek is the fund manager. Miten Lathia is the fund manager for overseas investments.

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DSP BlackRock MF launches DSP BlackRock World Agriculture Fund

DSP BlackRock World Agriculture Fund closes 14th October.

DSP BlackRock Mutual Fund has launched DSP BlackRock World Agriculture Fund, an open-ended fund of funds-overseas scheme.

The investment objective of the scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds World Agriculture Fund (BGF - WAF). The Scheme may, at the discretion of the investment manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus.

The exit load, when the holding period from date of allotment is less than 12 months, is 1%. When the holding period is 12 months and longer, the exit load is nil.

The new issue closes on 14 October 2011.  

The minimum investment amount is Rs5,000 and in multiples of Re1 thereafter.

The benchmark for comparing the performance of the scheme is the DAX Global Agribusiness Index. Mehul Jani (dedicated fund manager for overseas investments) is the fund manager.

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