Shares of cement majors ACC and Ambuja Cements will be watched. ACC and Ambuja Cements announced that their respective boards have agreed to start the evaluation of a potential merger between the two companies with a view to combine the strengths of both businesses. A special committee of directors, comprising largely of independent directors, has been constituted to commence the evaluation, ACC and Ambuja Cements said in separate statements after market hours on Friday, 5 May 2017.
No decision to merge has been taken and the board will decide on a merger upon receiving a recommendation from the special committee and the audit committee, the ACC statement said. ACC and Ambuja are both a part of conglomerate LafargeHolcim Group.
TCS announced that it has opened its first Drones Research Lab in the US at its Seven Hills Park Innovation centre located in Cincinnati, Ohio to address the rapidly expanding demand for unmanned aerial vehicles and business solutions across industries. The announcement was made after market hours on Friday, 5 May 2017. Drones Research Lab is an extension of the global TCS Research and Innovation ecosystem bringing the combined expertise of its labs, start ups, academia, and technology partners closer to customers.
Iron ore mining major NMDC produced 2.98 million tonnes and sold 3.56 million tonnes of iron ore during April 2017. The announcement was made on Saturday, 6 May 2017.
Container Corporation of India (Concor) announced signing four memorandum of understanding (MoUs) during the India Integrated Transport & Logistics (IITL) Summit 2017 on 5 May 2017 at Vigyan Bhawan, New Delhi. Concor signed two tripartite MoUs with the state government and the National Highways Authority of India (NHAI) for development of Multimodal Logistics Parks (MMLPs) at Hyderabad and Surat. Further, the company signed one MoU with Paradip Port for development of a MMLP; and one MoU with Chennai Port for the development of an extended gate facility at CONCOR's facility at Tondiarpet to ease the congestion at Chennai Port. The announcement was made after market hours on Friday, 5 May 2017.
Parag Milk Foods announced that it has entered into the beverage market with pure Alphonso drink enhanced with dash of milk. The company diversified into fruit juice drink segment by launching 'Slurp' with an aim to expand its footprint in the beverage category. For starters, Slurp will be available across markets of Mumbai, Delhi, Kanpur and Chennai in 200 ml tetra pack at Rs 20. The announcement was made after market hours on Friday, 5 May 2017.
On a consolidated basis, net profit of BSE rose 258.99% to Rs 72.66 crore on 22.73% rise in net sales to Rs 220.73 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 5 May 2017.
On a consolidated basis, net profit of Eicher Motors rose 33.91% to Rs 459.44 crore on 22.91% rise in net sales to Rs 1876.54 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 5 May 2017.
Net profit of Procter & Gamble Hygiene and Health Care rose 2.65% to Rs 99.63 crore on 5.53% rise in net sales to Rs 573.87 crore in Q3 March 2017 over Q3 March 2016. The board of Procter & Gamble Hygiene and Health Care declared a special interim dividend of Rs 362 per equity share. The result was announced after market hours on Friday, 5 May 2017.
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