Eicher Motors, GAIL (India) and Sun Pharmaceuticals Industries will unveil their Q2 results today, 14 November 2017.
TCS announced that the Mississippi, Rhode Island and Maine (MRM) Consortium now known as ReEmpIoyUSA has gone live on the cloud with the TCS developed Unemployment Insurance (UI) system. Mississippi is now operating on the multi-tenant capable, fully integrated, re-engineered UI Benefits and Tax system hosted in a FedRAMP certified Government Cloud, while the States of Maine and Rhode Island will follow soon, using the same solution. The announcement was made after market hours yesterday, 13 November 2017.
Adani Enterprises reported consolidated net loss of Rs 15.09 crore in Q2 September 2017 as compared to net profit of Rs 36.27 crore in Q2 September 2016. Total income rose 17.99% to Rs 9166.74 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 13 November 2017.
Adani Enterprises continues to consolidate its position as energy and infrastructure player. With favorable policy measures, the company remains committed to create assets of national importance. The company is confident that its businesses will bring significant benefits to the Indian economy and the stakeholders, said Gautam Adani, Chairman Adani Group.
The company's renewable, coal, city gas and agro businesses have delivered broad based, durable and profitable growth through improved operational performance. The structural strength of the company's business model and economic environment augurs well for the new capacities which are coming on stream. The company's performance validates strength of its businesses, right strategy and execution capabilities, said Rajiv Nayar, Group CFO Adani Group.
NMDC's net profit rose 9.54% to Rs 844.30 crore on 25.76% rise in total income to Rs 2531.18 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 13 November 2017.
Procter & Gamble Hygiene and Health Care's net profit rose 10.65% to Rs 115.56 crore on 6.13% rise in total income to Rs 661.13 crore in Q1 September 2017 over Q1 September 2016. The result was announced after market hours yesterday, 13 November 2017.
Shares of Khadim India will debut on the bourses today, 14 November 2017. The company had issued shares at Rs 750 per share in its recently concluded initial public offer (IPO). Khadim India's initial public offering (IPO) received bids for 96.59 lakh shares, compared with 50.73 lakh shares on offer, data on NSE showed. The IPO was subscribed 1.90 times. The price band for the IPO was Rs 745 to Rs 750 per share. The IPO opened for bidding on 2 November 2017 and closed on 6 November 2017.
United Bank of India reported net loss of Rs 344.83 crore in Q2 September 2017 compared with net profit of Rs 43.53 crore in Q2 September 2016. Total income fell 10.66% to Rs 2584.89 in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 13 November 2017.
The bank's gross non-performing assets (NPAs) stood at Rs 12892.67 crore as on 30 September 2017 as against Rs 12164.90 crore as on 30 June 2017 and Rs 11134.47 crore as on 30 September 2016.
The ratio of gross NPAs to gross advances stood at 18.80% as on 30 September 2017 as against 17.17% as on 30 June 2017 and 16.26% as on 30 September 2016. The ratio of net NPAs to net advances stood at 11.63% as on 30 September 2017 as against 11.10% as on 30 June 2017 and 11.19% as on 30 September 2016.
The bank's provisions and contingencies rose 87.79% to Rs 753.09 crore in Q2 September 2017 over Q2 September 2016. Provision coverage ratio of the bank was at 57.41% as on 30 September 2017.
HavellsIndiaand HyundaiElectric&EnergySystemsCo.announcedthe signing of Memorandum of Understanding (MoU) to mutually explore and supply low and mediumvoltageprotectionandswitchingdevices on13 November2017. Undertheagreement,HyundaiElectricwillsupplylowandmediumvoltageprotectionandswitching devices to Havells as Brand labeling. Hyundai Electric will also grant manufacturing license andtechnology transfer for low‐capacity Magnetic Contactors (MC) and Molded Case Circuit Breakers (MCCBs) to Havells. Havells will supply equipment such as Miniature Circuit Breakers (MCBs) &Magnetic Contactors (MC) to Hyundai Electric. Both companies will cooperate for localization and customizationofproducts.The announcement was made after market hours yesterday, 13 November 2017.
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