HCL to Explore Technology-Powered Future of Digital Enterprises


HCL to Explore Technology-Powered Future of Digital Enterprises
at the World Economic Forum 2020

HCL and Fast Company hosting dialogues to set the agenda
on critical issues of the next decade

Davos, Switzerland and Hyderabad, India – January 21, 2020

 – HCL Technologies (HCL), a leading global technology company, today announced its participation in the upcoming World Economic Forum’s Annual Meeting in Davos For the second consecutive year, as part of its HCL 2030 platform, the company will host a series of thought leadership discussions, meetings and networking receptions at its pavilion throughout the three-day event.

Building upon their successful partnership at WEF in 2019, HCL and Fast Company will facilitate discussions on the convergence of technology innovation, human ingenuity, and critical thinking. HCL’s Davos Dialogues will see business leaders discuss the future of digital innovations related to the demographic, societal and technological trends shaping today’s interdependent, complex world.

The program schedule includes powerful sessions – including “CEOs: Disrupt Thyself,” “Banking Without Borders: Shaping an Open Financial Ecosystem,” “Defining Moments of Technology by 2030,” and “Building Trust: Reinventing Culture in a Digital World” – that will feature executives from the most innovative global organizations.

The HCL Pavilion will also showcase the engineering, product innovation and technology aspects of Digital Enterprise 4.0, demonstrating how these building blocks shape the future of new age business models, with practical application today. The Tech Showcase Zone will display game-changing solutions in Artificial Intelligence and Machine Learning, Automation, Blockchain, IoT, Quantum Computing and Consumer-Engagement technologies, in sectors such as financial services, retail, healthcare, transportation, and farming.

“As a Strategic Partner of the World Economic Forum, HCL is proud to collaborate with global leaders to develop innovative solutions to help solve emerging challenges for businesses and society at large,” said C. Vijayakumar, President & CEO, HCL Technologies. “HCL’s mission is to power individuals and digital enterprises with breakthrough technology to create a cohesive and sustainable future. We look forward to working with the global ecosystem in Davos to solve some of the world’s most pressing problems, by making tomorrow’s technology a reality today.”

For more information, visit https://www.hcltech.com/world-economic-forum.

About HCL Technologies 

HCL Technologies (HCL) empowers global enterprises with technology for the next decade today. HCL’s Mode 1-2-3 strategy, through its deep-domain industry expertise, customer-centricity and entrepreneurial culture of ideapreneurship™ enables businesses to transform into next-gen enterprises. 

HCL offers its services and products through three business units - IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in areas of Applications, Infrastructure, Digital Process Operations and next generational digital transformation solutions. 

ERS offers engineering services and solutions in all aspects of product development and platform engineering. Under P&P, HCL provides modernized software products to global clients for their technology and industry-specific requirements. 

Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized under Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services. 

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and education initiatives. As of 12 months ended December 31, 2019, HCL has a consolidated revenue of US$ 9.7 billion and its 149,000 ideapreneurs operate out of 45 countries. 

For more information, visit www.hcltech.com

Forward–looking Statements 

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. 

All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. 

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. 


There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. 

All forward-looking statements made herein are based on information presently available to the Management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.


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Edelweiss Finance and Investments NCD 10.25%

Edelweiss Finance and Investments NCD 10.25%  


Edelweiss Finance and Investments is coming up with secured NCDs now in 2020.
Edelweiss Finance and Investments Limited (EFIL) NCD Issue would open for subscription on 23rd January, 2020.
 Edelweiss Finance and Investments NCDs offer up to 10.25% interest rates. 

Issue start date  23-January 2020

Issue end date  31 January 2020



NCD’s are available in 9 different series. 

It offers NCD for 1.5 years, 3 years, 5 years and 10 year tenure.

Interest rates are between 9.7% to 10.25%.

These are secured NCDs.

Interest payable every month, every year and on a 
cumulative basis depending on the series chosen by the 
investor.

The face value of the NCD bond is Rs. 1,000.

Minimum investment is for the 10 bonds. Means, you need to invest for a minimum of Rs. 10,000. 
Beyond this you can invest in multiples of 1 bond.

These NCD bonds would be listed on BSE. 
Hence, these are liquid investments.

NRI’s cannot apply to this NCD subscription.

CARE has rated these NCDs as AA-/Stable and CRISIL 
rated them as AA-/Stable. The ratings of the NCDs by 
CARE, CRISIL and India Ratings indicate that instruments 
with this rating are considered to have a high degree of 
safety regarding timely servicing of financial obligations and 
carry very low credit risk.

The base issue size is Rs. 125 Crores with an option to 
retain over-subscription for another Rs. 125 Crores totaling 
to Rs. 250 Crores.

IDBI Capital and Edelweiss Financial Services are the Lead 
managers to the issue.



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7 Best Steps to Creating a Smart Financial Plan


7 Best Steps to Creating a Smart Financial Plan

We face several hurdles when it comes to creating a smart and workable financial plan. Questions arise about how to start, where to start and what to do, and facing those questions can be scary.

But, if you are focused and disciplined, arriving at the financial plan that 
works for you won’t be a challenge.
So, here are some checks that will help you arrive at a smart financial plan.

Check#1: Track and Budget

To know where exactly your money goes, you need to track every single penny. Budgeting helps you attach a purpose to every single penny you earn and will put you in control. 

Although a budget can seem to be quite a bit of work, it is essential for achieving both long and short-term goals.

Many methods help you in budgeting like:

1.    The envelope method: Where you set aside an amount for your every single expense.

2.    Notebook: Carry a notebook with you and note down the expenses you make for the day. Alternatively, you can also jot the expenditures of the week by attaching the charge slips and bills to the page.

3.    Apps: There are dedicated apps that help you in recording and tracking your spending and monthly bills.

Once you have recorded three month’s expenses, go through it and see where your money actually goes. Be sure to include the costs that don’t recur as well, like insurance renewal, car repairs, and so on.


Check#2: Eradicate your debts

In case you have a lot of debts like loans and credit card bills, then it is a smart move to pay it off. This is crucial to a smart financial plan as it makes no sense to have a one when you are knee-deep in debt. It is possible to get out of your existing financial obligations with a little discipline.

However, if you have a lot of debt (other than your home loan), then you need to cut back drastically on your spending. By curbing your surplus expenses, it will become easier for you to pay back your debts. 

You can also try consolidating all your debts into one single loan and EMI payment. Once you are out of your debts, it is time to set up systems that would prevent you from becoming a borrower again.

Check#3: Set Financial Goals

Once your debts are out of the picture, and you have tracked all your spendings, now is the time to ask yourself some fundamental questions:

1.   Where do I want to be 10 years, 15 years or 20 years from now?

2.   What are my long-term financial goals? (ex. Children's college fund, retirement plan)

3.   What are my short-term goals? (Ex. Car, home, travel)

While answering these questions, be as specific as you can and realistic.  You want to achieve your financial goals, and you can do that only when you have attainable, realistic goals.

Check#4: Set aside for rainy days

Life is always about expecting the unexpected, so having an emergency fund and being well-insured should be part and parcel of your financial plan.

Once you are out of debt and have created a budget, it is time to set aside an emergency fund. You need to have a minimum of six months of savings that can cover your necessary expenditures in case you fall on hard times. 

Additionally, this will also stop you from plundering your investments.
Make sure you and your family are well-covered by insurance. Adequate health insurance, life insurance, automobile insurance, and others should be part of your financial plan.

Check#5: Start Saving:

One of the primary keys to a robust financial plan is not only your income but also your expenditure. Even if you earn more, you would not be able to save, if you don’t control your outflow.

After looking at your budget, find where you might be spending too much. 
Is it entertainment, mortagage, vacations, or food?

Look for loopholes where you can save money; at the same time, don’t restrict yourself too much. 

Your goal is not to curb your guilty pleasures, but to keep them from spiraling out of your hand. This control will help you free some of your income for savings, Eg. fixed deposit.  Put this money aside and don’t use it unless it is a case of a severe emergency.

Check#6: Have an investment portfolio:

More than a savings account, it is the investments that make your life financially comfortable. But make sure the investment you are choosing aligns with your risk appetite, financial goal, and ease of payments.

Also, do thorough research before you invest. Understand the risk and reward role, where the higher the risk, the higher the reward prevails, and vice versa. Diversify your portfolio to balance your risk and rewards. In case you do not have any time for research, you can invest in mutual funds

Check#7: Monitor your plan’s progress:

While setting a smart financial plan is the first step, the next one is to monitor its progress on a regular basis.  Ensure that you can answer the following questions:

1.    Are your goals are on the progress of getting fulfilled?

2.   Check whether there are any changes in your income, debt or familial status

3.   How are your investments performing?

Depending on your current situation, it will make sense to review your investments every six months or every year. If, when doing these reviews, don’t confuse your long-term investment ups and downs with short-term market fluctuation.

Make every decision after carefully considering all the facets of the investment. 

Arriving at a financial plan suitable to your requirements takes some time, but it is well worth the effort. It helps you stay clear of any curveball that life may throw at you. 

No matter the external circumstances, if you have set up a smart financial plan, you have set yourself for financial success.

***





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For sustainable and Long Term Profit : Axis ESG Equity Fund Should Consider..


Axis Mutual Fund launches ‘Axis ESG Equity Fund’

Highlights: -


·       An open ended equity scheme that aims to generate long term capital appreciation by investing in companies demonstrating sustainable practices across Environment, Social, and Governance (ESG) theme
·       Sustainable companies combine traditional quality/growth parameters with strong ESG (environmental, social and governance) characteristics
·       Investing in such a portfolio provides investors with a chance to “make money responsibly*”
·       Fund Manager: Jinesh Gopani
·       NFO date:January 22, 2020 to February 05, 2020


Environmental, socialand regulatory response to them are happening faster than ever and poses sizeable challenges for businesses. However, many businesses remain focused on hard financial cost/benefit analysis while ignoring intangible costs like their carbon footprint or waste emissions. This is becoming untenable and all stakeholders – customers, government and regulators, and the society at large – are pushing for more sustainability in business decision making.

How can investors factor in and benefit from these trends?



For investment managers navigating this backdrop to deliver value is a challenge. The answer is sustainable investing – focus on identifying sustainably managed businesses while understanding the risks and opportunities of environmental and social change.

We expect the companies that adapt or align themselves to these changes to benefit disproportionately going forward, while those which fail to act on these issues are likely to fall behind and open themselves up to regulatory sanctions or getting shunned by the society and consumers.

The ESG framework provides investment managers with a tool to capture these issues in a comprehensive manner. ESG stands for Environmental, Social and Governance factors and the framework is used by investment managers to identify how each company in their coverage is exposed to or are reacting to these factors.
Interest in ESG analysis has been growing rapidly around the world. This surge in interest has been accompanied by the awareness that looking at sustainability does not have to come at the cost of investment performance.  ESG analysis allows investors to assess longer term and harder to measure issues that can have a major impact on stock performance and thus can become an important source of bringing down portfolio risk. 

Axis ESG Equity Fund

Axis AMC has been at the forefront of product innovation and creating a robust investment process that has the potential to deliver long term performance for its investors.Axis ESG Equity Fund takes us forward on both these parameters with an innovative new product that aims to invest in companies that we believe can generate sustainable business performance over the long term.The Axis ESG equity fund will thus offer investors with a solution that allows them to make money responsibly*.

The ESG approach followed by Axis AMC will have the following key characteristics
-         A forward-looking and dynamic view of ESG for each company
-         An ESG process that captures global best practices (with inputs from Schroders)
-         A standardised framework that uses data along with analyst assessments
-         ESG to be adopted into the overall AMC investment process

Mr. Chandresh Kumar Nigam, MD & CEO, Axis AMC said, “We at Axis AMC believe that ESG is a logical extension to our philosophy given our core focus towards quality and sustainable growth. By combining ESG analysis with traditional financial metrics we can come up with a more holistic understanding of each company in our portfolio. We have faith that the Axis ESG Equity Fund by investing in a portfolio of such companies will have strong potential to offer its investors a rich source of alpha.”

The new fund offers (NFO) opens for subscription on January 22, 2020 to February 05, 2020. Mr. Jinesh Gopani, Head Equity, and Mr. Hitesh Das, Fund Manager - Foreign Securities, at Axis Asset Management Company will be managing this fund.

*Make money does not signify any assurance of return / capital appreciation on investment.

Product Labelling



For detailed asset allocation & investment strategy, kindly refer to scheme information document.

About Axis AMC: Axis AMC is one of India`s fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds, portfolio management services and alternative investments.

Mr. Ujjawal Punmiya
AVP – Public Relations & Corporate Communications
M: +91 9619130947

Disclaimer: This press release represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. 

Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. 

Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.  

No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time. 

The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds consultant. 

Any action taken by you on the basis of the information contained herein is your responsibility alone. Axis Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Axis Mutual Fund.

Past performance may or may not be sustained in the future.

Stock(s) / Issuer(s)/ Top stocks mentioned above are for illustration purpose and should not be construed as recommendation.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.


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