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HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 318394.33 Crore) operating in IT Software sector.

"It is quite common to have dispersion in returns across sectors and even within sectors and individual companies. For instance, more recently, IT, metals and pharma sectors have considerably outperformed auto, cement, banks and consumer sectors. Unlike a traditional, diversified fund, a long short fund has the flexibility to sharply position the portfolio towards outperforming/ underperforming companies on the long side/short side."

Bank of Maharashtra will divest its entire stake of 4 per cent in India SME Asset Reconstruction Company for nearly Rs 4 crore. Bank of Maharashtra (BoM) has executed a share purchase agreement dated April 6, 2022 for sale of entire equity stake of 4 per cent in India SME Asset Reconstruction Company Ltd (ISARC), the bank said in a regulatory filing.

Hester said its Board has approved the execution of Grantin-Aid Letter Agreement for grant of Rs 60 crore in a phased manner to the company by BIRAC.

Indian automaker Mahindra, which owned about 75% of SsangYong as of September end, has been looking for a buyer for all or most of its stake, which it bought when the South Korean automaker was on the brink of bankruptcy in 2010.

The dollar extended a squeeze higher on Friday, reaching a new near two-year peak against a basket of peers and a one-month high versus the euro, supported by the prospect of a more aggressive pace of Federal Reserve interest rates hikes.

IT major Infosys and industrial technology firm Rolls-Royce on Thursday launched a joint aerospace engineering research centre in Bengaluru.

Working groups will be formed to relook at current regulations with an aim to lighten them and give more flexibility for companies to launch new product, Debashish Panda, who took charge of the IRDAI less than a month ago, said. He spoke to the media after interacting with industry leaders in Mumbai over the last few days.

According to the guidelines on the establishment of Digital Banking Units (DBUs), the products and services to be provided at a DBU include, opening of accounts, cash withdrawal and deposit, KYC updation, loans and complaint registrations.

Shares of HP closed up $5.15, or 14.8%, at $40.06, after earlier rising to $41.46.