Bajaj Auto and Tata Steel are scheduled to announce their Q3 December 2015 results today, 4 February 2016.
TCS announced after market hours yesterday, 3 February 2016 that Investec India, a part of wealth management giant Investec, has gone live on TCS BaNCS to power its front and back office operations in India.
Shares of public sector oil marketing companies (PSU OMCs), oil exploration and production (E&P) firms and aviation stocks will be in focus after sharp rebound in oil prices. Brent for April settlement was currently up 30 cents at $35.34 a barrel. The contract had surged $2.32 a barrel or 7.09% to settle at $35.04 a barrel during previous trading session.
Godrej Consumer Products (GCPL) yesterday, 3 February 2016 announced that its subsidiary has entered into an agreement with Canon Chemicals, for the acquisition of a majority equity stake in its business in Kenya. Canon Chemicals, a Kenya based company, manufactures and distributes products in the personal and home categories. Its major brand is Valon, a petroleum jelly. In 2015, the annualised revenue of the business was KSh 1,146 million. This acquisition helps GCPL in further building its presence in the Sub Saharan Africa market. The announcement was made before market hours today, 4 February 2016.
NMDC in its latest price review has kept prices of lump ore unchanged at Rs 1,800 per tonne. The state-run iron ore miner also kept the prices of iron ore fines unchanged at Rs 1,560 per tonne. The prices are excluding royalty, taxes, DMF, duties, levies etc. The announcement was made after market hours yesterday, 3 February 2016.
Thomas Cook (India) said that the board of directors of the company at its meeting held on 3 February 2016, inter alia, has accorded its in-principle approval for the merger of SITA, the inbound division of Kuoni Travel (India) (a wholly owned subsidiary of the company) with Travel Corporation (India) (also a wholly owned subsidiary of the company) subject to regulatory approvals and compliance. Seperately, Thomas Cook (India) said that Quess Corp (formerly IKYA Human Capital Solutions a subsidiary of Thomas Cook (India)) informed the company on 3 February 2016 about its filing of Draft Red Herring Prospectus with the Securities and Exchange Board of India for raising Rs 400 crore through an Initial Public Offering (IPO) of its equity shares. The announcement was made before market hours today, 4 February 2016.
CCL Products (India)'s consolidated net profit fell 0.47% to Rs 25.98 crore on 11.76% decline in net total income from operations to Rs 212.92 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 3 February 2016.
Hikal's net profit rose 32.44% to Rs 12.41 crore on 6.82% rise in net total income from operations to Rs 240.40 crore in Q3 December 2015 over Q3 December 2014. The result was announced after market hours yesterday, 3 February 2016.
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