Tata Consultancy Services : IT major Tata Consultancy Services (TCS) on Tuesday post market hours posted 2.51 per cent quarter on quarter (QoQ) fall in bottomline figures at Rs 6,608 crore for the quarter ended March 31, 2017. It had posted a net profit of Rs 6,778 crore in the sequential quarter ended December 31, 2016. Net profit of the company jumped 4.23 per cent on a year-on-year basis.
Earnings today : IndusInd BSE -0.28 % Bank, Sasken and YES BankBSE 0.07 % will announce their financial results for the quarter ended March 31, 2017 on Wednesday.
Tata Steel: Tata SteelBSE -0.27 % is planning to write a cheque of £520 million ($663 million) to its UK pensioners as a one-time settlement under a rarely used scheme, called the Regulated Apportionment Arrangement (RAA), said multiple sources aware of the development.
NTPC: India’s largest power producer NTPC LtdBSE 0.53 % is considering pooling fixed charges for all its coal and gas based projects in a move that it claims will help maximise output from stations that generate low-cost electricity and reduce consumer tariffs.
ZEEL: Zee Entertainment Enterprises (ZEEL) has completed the acquisition of 80 per cent equity stake in Margo and consequently Margo has become a subsidiary of the company.
NBCC: The state-owned construction firm NBCC India on Tuesday signed an agreement with Poland’s Bolix to import a building solution technology that could save energy consumption by up to 35 per cent for its projects. Bolix, a 100 per cent subsidiary of Berger Paints India, is a leading producer of external thermal insulation and composite systems (ETICS) solutions technology. Its revenue stood at 35 million euros last year.
Indiabulls Real Estate: National Stock Exchange is looking into trading data of Indiabulls Real EstateBSE -1.89 % following reports of alleged manipulation. Shares of the company have seen significant volatility in trading sessions in two days. The scrip plunged little over 10 per cent to close at Rs 133.25 on the NSE on Tuesday while it had a high of Rs 155.20 on Monday. Sources said it is “routine procedure” to check the trading data of a particular scrip when there are reports of alleged manipulative practices.
Nalco: Government will open the first divestment account on Wednesday with up to 10 per cent stake sale in National Aluminium CompanyBSE -6.13 % (Nalco) and may mop up over Rs 600 crore. In an exchange filing Nalco told BSE that the promoters (government owns 74.58 percent and the rest with the public) will sell 5 per cent aggregating 9.67 crore equity shares, through an offer for sale (OFS). Nalco has an option to divest an equal quantity, it added.