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HCL Tech hit a fresh 52-week high of Rs 910.75 apiece in Wednesday's session, since then the stock has tumbled over 10 per cent. HCL Technologies share price fell 4.4 per cent to Rs 821 apiece on BSE after the IT company announced July-September quarter results. HCL Tech Q2 net profit came at Rs 3,142 crore in July-September quarter, rising 18.5 per cent. The company had posted a net profit of Rs 2,651 crore in the corresponding period of the last year. While, sequentially, net profit rose 7.4 per cent. The revenue of the company stood at Rs 18,594 crore. The company has also declared an interim dividend of Rs 4 per equity share of Rs 2 each for FY21. “HCL Tech result is on the expected line. But the current tech rally has discounted a major chunk of the IT results,” Vishal Wagh, Head of Research, Bonanza Portfolio Ltd, told Financial Express Online. This is the key reason due to which stocks are correcting post declaration of results. “Going forward, Hcl Tech will find suppor...

Srinagar, Oct 15: The Anti Corruption Bureau (ACB) today attached properties worth crores of rupees belonging to Kuldeep Khajuria former Commissioner, Municipal Corporation Jammu, Chairman BOCA and Parvaiz Ahmad Bakshi former Block Manager in J&K State Forest Corporation. The ACB said that based on verification conducted by ACB, FIR No. 03/2020 u/s 13(1) (b) r/w 13 (2) of Prevention of Corruption Act 1988 was registered against Parvaiz Ahmad Bakshi S/o Abdul Majid Bakshi R/o Khankah-i-Moula Sopore presently putting up at Shams Abad Bemina Srinagar (Block Manager in J&K State Forest Corporation). “He accumulated huge immovable properties, highly disproportionate to his known sources of income. The searches were conducted simultaneously in Srinagar and Jammu by the teams of ACB in pursuance to the warrants obtained from the Court of Special Judge Baramulla,” the ACB said. During searches, the ACB said, various incriminating documents were recovered leading to several proper...

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