Wipro announced a partnership with Xactly Corporation, a leading provider of enterprise-class, SaaS and cloud-based incentive solutions for employee and sales performance management. The partnership will offer sales performance management (SPM) solutions for customer organizations across industry sectors in a software as a service model. The announcement was made after market hours yesterday, 16 May 2016.
TCS said that Siemens, a leading global technology powerhouse and the company will leverage their longstanding partnership to expand and enhance the delivery of product performance intelligence through big data analytics to the global manufacturing industry. The announcement was made after market hours yesterday, 16 May 2016.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus after Indian Oil Corporation (IOCL) yesterday, 16 May 2016, announced an increase in the price of petrol and diesel with effect from the midnight of 16/17 May 2016. Petrol price was hiked by Rs 0.83 per litre and diesel price was raised by Rs 1.26 a litre at Delhi (including state levies) with corresponding price revision in other states. After the latest revision, petrol in Delhi costs Rs 63.02 per litre and diesel costs Rs 51.67 a litre.
NTPC announced that it has entered into an agreement with Coal India for formation of a 50:50 joint venture company to take up the revival of fertilizer plants of Fertilizer Corporation of India (FCIL) at Sindri, Bihar and Gorakhpur, Uttar Pradesh by setting up an ammonia urea plant at each location. The announcement was made after market hours yesterday, 16 May 2016.
ITC announced that the scheme of amalgamation of BFIL Finance with Russell Credit became effective from 16 May 2016. BFIL Finance is a wholly owned subsidiary of Russell Credit, which in turn is a wholly owned subsidiary of ITC. Consequently, BFIL Finance has ceased to be a subsidiary of Russell Credit and that of ITC with effect from 16 May 2016. The announcement was made after market hours yesterday, 16 May 2016.
Petronet LNG's net profit fell 20.43% to Rs 239.27 crore on 15.39% decline in total income to Rs 6107.95 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.
Solar Industries India's consolidated net profit rose 20.24% to Rs 48.21 crore on 10.83% rise in net sales to Rs 428.84 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.
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Solar Industries India said that the board of directors of the company considered and approved 5 for 1 stock split.
Triveni Engineering & Industries reported consolidated net profit of Rs 44.14 crore in Q4 March 2016 compared with consolidated net loss of Rs 85.60 crore in Q4 March 2015. Consolidated net total income from operations rose 4.55% to Rs 468.05 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.
Advani Hotels & Resorts (India)'s net profit rose 79% to Rs 4.23 crore on 18% rise in operational income to Rs 17.14 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.
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