No management rejig on cards, says HCL Tech

HCL Tech BSE | NSE 20/06/12

HCL Technologies on Tuesday denied reports that there was any management rejig on the cards and said Vineet Nayar would remain the vice chairman and chief executive of the company.

A report in Times of India newspaper had claimed on Monday that the Shiv Nadar promoted software services provider was heading for a management reshuffle. Nayar is on his way out and Anant Gupta, currently president of infrastructure services will replace, the report had said citing an unnamed company official. Apart from Nayar the report had also claimed that several other senior officials close to Nayar were also quitting.

However, HCL Tech says

USD INR exchange rate: Major trends in past few years and where is it heading ?

The USD-INR exchange rate is an important indicator of investor sentiment and can significantly impact not only the fortunes of individual firms and sectors, but also the government. The exchange rate of the Indian rupee (or INR) is determined by market conditions. However, in order to maintain effective exchange rates, the RBI actively trades in the USD/INR currency market. The rupee currency is not pegged to any particular foreign currency at a specific exchange rate. The RBI intervenes in the currency markets to maintain low volatility in exchange rates and remove excess liquidity from the economy.

It is believed that there is significant downside risk to USD-INR exchange rate  and here are some risk factors behind this.

Insider trading in India- background and current state- role of SEBI ?

Insider trading is a term subject to many definitions and it encompasses both legal and prohibited activity. Insider trading is the act of buying or selling company stocks and securities based on information not known to public. Insider trading takes place legally every day, when corporate insiders – officers , directors or employees – buy or sell stock in their own companies within the confines of company policy and the regulations governing this trading.

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According to Indian Regulation 3 of SEBI, Regulations