Rs1,000 notes to be issued non-sequentially: RBI

‘The packets of Rs1,000 banknotes in non-sequential number will have hundred notes:’ RBI

The Reserve Bank said it will soon start issuing banknotes of Rs1,000 denomination in non-sequential numbering.

The packets of banknotes in non-sequential number will have hundred notes, the apex bank said in a statement. In June last year, RBI had started issuing Rs500 denomination notes in non-sequential numbering.

"It has now been decided to issue banknotes of Rs1,000 denomination also on similar lines," the statement said.

The bands of the packets containing the banknotes in non-sequential number will be superscribed with the words 'the packet contains 100 notes not numbered sequentially'.

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Hexaware PAT for the year 2011 stood at Rs267 crore

Hexaware’s annual revenue from operations in the year 2011 increased to Rs1,450.5 crore, up 37.5% from Rs1,054.6 crore in the previous year

Hexaware Technologies Limited, a leading global provider of IT, BPO and consulting services has reported strong performance for the year 2011. Profit after tax increased to Rs267 crore for the year 2011; up 148% from Rs107.6 crore in the year 2010.

Hexaware Board has recommended final dividend of Rs1.50 per share (75%). Total dividend for 2011 is Rs4.00 per share (200%) on double the equity share capital post 1:1 issue of bonus shares in 2011 as against Rs3.00 per share (150%) for 2010.

Hexaware’s annual revenue from operations increased to Rs1,450.5 crore, up 37.5% from Rs1,054.6 crore in previous year.

Hexaware is a zero-debt company as of December 2011, Cash & cash equivalents improved to Rs460 crore.

Global headcount of Hexaware has increased to 8,317 at the end of December 2011. 1,806 employees have been added during the year 2011. Attrition has declined sequentially to 13.9%.

The company has invested Rs63.3 crore towards capital expenditure for physical infrastructure mainly in Chennai SEZ campus and for technical/ IT infrastructure.

In the early afternoon, Hexaware Technologies was trading at around Rs97.55 per share on the Bombay Stock Exchange, 11.04% up from the previous close.

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Ashok Leyland Q3 net up 54%

Ashok Leyland’s net sales went up by 29.30% to Rs2,879.80 crore during the third quarter

Commercial vehicle-maker Ashok Leyland reported a 54.25% rise in net profit to Rs66.90 crore for the third quarter ended December, 2011. The company had posted a net profit of Rs43.37 crore for the corresponding period last financial year.

Net sales went up by 29.30% to Rs2,879.80 crore during the quarter from Rs2,227.25 crore in the year-ago period, Ashok Leyland said in a filing to the BSE.

During the quarter, the company sold 23,175 vehicles, compared to 18,437 units in the same period last financial year, translating into an increase of 25.70%, the statement said.

In the early afternoon, Ashok Leyland was trading at around Rs26.85 per share on the Bombay Stock Exchange, 5.95% down from the previous close.

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