Hexaware bets on UK, new verticals to lead mid-tier IT growth

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After nine quarters of positive growth, the mid-tier leader is confident of a 20% year-on-year (yoy) growth in dollar revenues for fiscal 2013.

Hexaware Q2 net rises 48% on higher revenues

Software service provider hexaware technologies has reported a 48 per cent increase in net profit at Rs 89.03 crore for the second-quarter ended june 2012 against the same period last year.

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Alert For Clients Service For Mansukh Securities

Introduction
Mansukh Securities has brought Alert for Clients Service for its customers to remain informed and connected with
the stock market while on move.

Jaamoon Alc Features:
1. Conditional Alerts - This feature allows users to set alerts based on price trends.
2. Periodic Alerts - This feature allows users to set time-based alerts.
3. Market Open and Market Close Alerts - This feature allows users to set alerts based on Market Open and
Market Close conditions.

Steps To Register And Use Alc Platform

a.    Click http://www.moneysukh.com.

b.    Click

c.    Click on New user click here and register yourself by entering your mobile number, first name and last name.

d.    SMS having your username and system generated password will be sent to your registered mobile number.

e.    Using the login details you can now enter username and password and click Signin.

f.    Once you login into the application for the first time, you will be asked to change your password. It is recommended to change the password although you may ignore the warning by clicking Ignore.

g.    You can then click “Create alert” link to create your own alerts

h.    You can also view the alerts you have created using “View alerts” link

The Indian Gold Market Still Glitters

The Indian Gold market has reaffirmed its dominance in 2010 and will continue in 2011. Expect China to overtake the sub-continent in demand for gold. The love of gold in India goes far beyond a simple source of future profits. It is an expression of wealth, financial security and family stability. It also carries religious overtones. Gold remains the wealth of the wife -men only inheriting assets. It represents her and her family's financial security. It is difficult to make a distinction between investment and jewelry demand because in India, these two ideas are inseparable. Gold jewelry is usually 24-carat.

Indian Gold Demand18,000 tonnes of gold in India are held by households. Indian gold demand has grown 25% despite a 400% Rupee price rise in the last decade. Gold demand is strong and is expected to increase 30% by 2020. By 2020, cumulative annual demand for gold in India will increase to in excess of 1,200 tonnes or approximately Rs. 2.5 trillion, at current price levels. India's rapid growth, which will have significant impact on income and savings, will lead to more gold being purchased by almost 3% per annum over the next decade. Indian growth is expected to be around 10% GDP in the next decade, which will feed through into gold demand/savings.

India is now experiencing the rapid growth of the Middle class and urbanization. This movement has quickened its pace in the last ten years to the extent that the U.N. believes that 41% of India's total population will be living in towns and cities by 2030--up from the current level of 30%. More importantly, a good proportion of these will join the middle classes.

Gold Price PerformanceConsider the belief that 'gold brings good fortune'. The performance of gold over the last decade appears to have highlighted that belief in a remarkable way. In 2000, the gold price was just under $300. It now stands at $1,525. Imagine you are the mother of the bride and look at your gold holdings and at today's value. Wouldn't you feel this had served your family well and must surely serve your daughters family as well? This belief will continue for generations to come and Indian demand will continue growing.

Tracking equity markets and the path of other investments alongside gold over the same period confirmed the wisdom of gold investing.Indian gold investors are far more advanced than their developed world counterparts who have not yet appreciated gold's value to the same extent.

Conclusion:Because gold is more than just money, its price is irrelevant in light of its demand. This demand is limited by an individual's access to money to purchase it. Indian demand for gold will be driven (like in the last decade) by savings and real income levels, not by price. In local currency terms, Indian jewelry demand more than doubled in 2010 to Rs.1,342 billion compared to Rs. 669 billion in 2009.

Likewise, gold will continue to be purchased in the future Indian wedding seasons. It is all part of the social fabric of India. A wedding is the social highlight of the nation and can last for days. 50% of the population is under 25, and there will be 15 million weddings per annum over the next decade. At present gold prices and exchange rates, this will drive around 500 tonnes per annum with a further 500 tonnes of existing gold being gifted by one family to the next, which is not recorded in recycling.

“Always live within your income, even if you have to borrow money to do so”