logo
HDFC Bank's chief HR officer Razdan quits after 7 years

HDFC Bank's chief HR officer Razdan quits after 7 years

Time of India7 hours ago

MUMBAI:
HDFC Bank
informed stock exchanges that its chief human resource officer Vinay Razdan has resigned, effective June 18. However, the bank did not disclose any reason, which is mandated by Sebi norms.
Razdan joined the bank in 2018 and was CHRO at Idea earlier. In his June 2 resignation letter, Razdan said that he was serving 3 months notice and will proceed on 'gardening leave' during notice period unless communicated otherwise by the bank. Gardening leave refers to an absence where an employee is needed not to report to the workplace during notice period.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Deepak Shenoy's Capitalmind Mutual Fund files its first draft document with Sebi for a flexi cap fund
Deepak Shenoy's Capitalmind Mutual Fund files its first draft document with Sebi for a flexi cap fund

Time of India

time23 minutes ago

  • Time of India

Deepak Shenoy's Capitalmind Mutual Fund files its first draft document with Sebi for a flexi cap fund

Deepak Shenoy 's CapitalMind Mutual Fund has filed its first draft document with Sebi to launch a flexi cap fund - Capitalmind Flexi Cap Fund . The fund will be an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks. The investment objective of the fund will be to generate long-term capital appreciation by investing predominantly in equity & equity related instruments across market capitalization i.e. large-cap, mid-cap and small-cap stocks. Also Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Undo It will be benchmarked against NIFTY 500 TRI and will be managed by Anoop Vijaykumar . The fund will offer regular and direct plans both with growth option only. For each purchase of units through lumpsum / switch-in / Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), exit load on redemption / Systematic Withdrawal Plan (SWP) / Switch-out, will be as: (i) If units redeemed or switched out within 12 months from the date of allotment – 1% of the applicable NAV (ii) If redeemed/switched out after 12 months from the date of allotment, the exit load will be nil. Live Events The minimum application amount for lumpsum investment is Rs 5,000 and in multiples of Re 1 thereafter. For SIP, the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter with a minimum of 6 instalments. The fund will allocate 65-100% in equity and equity related instruments of large cap, mid cap and small cap companies, 0-35% in debt securities & money market instruments (including cash & cash equivalents), 0-10% in units issued by REITs and INVITs, and 0-5% in units of mutual fund scheme. The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalizations. We employ a rule-based active approach using proprietary rule sets developed through an analysis of market, macroeconomic, and fundamental factors. Also Read | Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy? 'Our equity allocation decisions are data-driven, based on objective market variables, including but not limited to macroeconomic variables, current equity market valuations and interest rates. Final investment decisions will be taken by the Fund Manager(s) based on the data referenced above, but may also be based on specific subjective analysis of underlying securities,' the fund house said in the draft document. Stock selection and weighting utilize quantitative factor-based methodologies designed to achieve a balanced mix of attributes that support long-term performance within defined risk parameters. A factor represents any quantifiable attribute that significantly explains the risk and/or return characteristics of a security. The Scheme may employ single factors or combinations to enhance diversification and risk control. According to the draft document, the scheme will be suitable for investors who are seeking - long term wealth creation and investment predominantly in equity and equity related instruments across large cap, mid cap and small cap stocks.

Google has Supercharged Productivity Alongside Gemini: The Entry of Gemini 2.5 Marks the Beginning of a New Era of Efficiency.
Google has Supercharged Productivity Alongside Gemini: The Entry of Gemini 2.5 Marks the Beginning of a New Era of Efficiency.

Time of India

time24 minutes ago

  • Time of India

Google has Supercharged Productivity Alongside Gemini: The Entry of Gemini 2.5 Marks the Beginning of a New Era of Efficiency.

Gemini: Everywhere, whether Chrome, Android, or beyond. Live Events An AI that is Enterprise Ready: At the Google I/O 2025 keynote, CEO Sunder Pichai excitedly spoke of the rapid model progress of Gemini since their first-generation Gemini Pro model. Since then, Gemini 2.5 Pro today delivers 10 times the performance of the previous generation. What makes this stand out more is their infrastructure strength enables them to deliver dramatically faster models, even as the model prices climb down further highlights the numbers wherein, this time last year, Google processed 9.7 trillion tokens a month across products and APIs, whilst today, they are processing 50 times more than that number, over 480 trillion. More than 7 million developers today use Gemini, which is five times more than what was garnered last year. The app Gemini now has over 400 million monthly active users, with a significant growth in engagement with the 2.5 series of numbers are a clear indicator of Gemini 2.5's strength, deeming it as one of the most powerful multimodal models ever released by Google. This brand new version enhances performance across the board, possesses faster reasoning, deeper document understanding, and dramatically improved code generation. Google stands proud on its claims that Gemini 2.5 is capable of working through complex workflows that include summarizing multi-document reports and debugging intricate software projects with model's rollout is closely associated with Google Workspace, bringing in AI-driven 'Co-pilot for your digital life' rather than a mere AI-powered assistant, with its capabilities extending to Gmail, Docs, Sheets, and Slides. Via the 'Help Me Write' and 'Help Me Organize' features driven by Gemini 2.5, users can now curate detailed project briefs, rewrite proposals, extract spreadsheet insights, and much more on the list, making collaborations more efficient than is no longer a mere Workspace upgrade; rather, it now exists in the very core of Android and Chrome OS. It can interpret on-screen content, provide contextual suggestions, and even automate device actions. Whether it's summarizing PDFs or drafting replies on chatting apps, Gemini is readily available to assist at the right moment, for its intelligence is now entangled in the depths of the Android businesses to use AI for internal processes, proprietary data, and domain-specific tasks, Google has also introduced Gemini for Workspace Enterprise and Gemini for Cloud AI. Organizations shall be able to incorporate Gemini into their workflow with optimum-level data privacy and governance controls; this move seemed like an insinuation of a challenge to Microsoft's Copilot in this new-age race of AI-enabled AI grows and develops further into the global workplace, Google's bold push signifies not just a technological advancement but rather a strategic reshaping of how humans and machines shall join hands in the near future.

THESE top performing large cap mutual funds gave over 21% annualised return in the past 5 years
THESE top performing large cap mutual funds gave over 21% annualised return in the past 5 years

Mint

time37 minutes ago

  • Mint

THESE top performing large cap mutual funds gave over 21% annualised return in the past 5 years

If you are planning to invest in a large cap mutual fund, it is vital to evaluate the past few years' returns of that scheme and compare the same with those of other schemes in the same category. How does it help? Well, there is no guarantee that the scheme which has delivered good returns in the recent past will continue to deliver the same returns in the future as well. Nevertheless, it gives an indication of the trajectory of returns which the scheme has been following. And a comparison with its peers (especially in case of active funds) shows its relative performance. Here we list out the top performing large cap mutual funds which have delivered over 21 percent annualised return in the past five years. Those who are not aware, large cap mutual funds refer to the schemes which invest a minimum of 80 percent of their assets in large cap stocks. For instance, if a large scheme has total assets amounting to ₹ 100 crore, at least ₹ 80 crore (or more) should be invested in the large cap stocks, and the remaining ₹ 20 crore (or less) could be invested in other stocks such as mid cap stocks and debt, among others. Large Cap Fund 5-year-return (%) ABSL Frontline Equity Fund 22.46 Tata Large Cap Fund 21.91 Baroda BNP Paribas Large Cap Fund 21.02 DSP Large Cap Fund 21.53 Edelweiss Large Cap Fund 21.39 HDFC Large Cap Fund 23.63 ICICI Prudential Large Cap Fund 24.25 Invesco India Large Cap Fund 21.75 Kotak Bluechip Fund 21.98 Nippon India Large Cap Fund 27.19 SBI Blue Chip Fund 21.81 (Source: AMFI; Returns as on June 17, 2025) As one can see in the table above, ICICI Prudential Large Cap fund delivered 24.25 percent annualised return andHDFC Large Cap fund gave 23.69 percent CAGR. Other schemes which gave over 21 percent return included SBI Blue Chip Fund and Nippon India Large Cap Fund. Meanwhile, it is worth mentioning that investors should not get too smitten by the past returns. The historical returns may, or may not, continue to continue in the future. In other words, just because a scheme has given good performance in the past, it does not mean it will give the same performance in the future as well. Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision. Visit here for all personal finance updates.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store