ICICI Bank's net profit jumped 188.5% to Rs 2024.64 crore on 10.8% decline in total income to Rs 16585.76 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 3 May 2017.
Infosys will be watched. Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys and The Commercial Bank, Qatar's first private bank, along with its subsidiary and associates (Group) announced the successful completion of a pilot on the first ever cloud-based blockchain network to process international remittances. The announcement was made at the fag end of market hours yesterday, 3 May 2017.
Reliance Industries (RIL) will be in focus. Reliance Corporate IT Park (RCITPL) - a subsidiary of RIL announced that it has signed a memorandum of understanding (MoU) with SAP SE to launch 'SARAL GST' solution for taxpayers in the GST regime.
The offering will enable taxpayers to be GST compliant and smoothly access the Government's GST System, once GST is rolled out from 1 July 2017. SARAL GST will leverage the expertise of RCITPL as GST Suvidha Provider (GSP) and SAP as Application Service Provider (ASP). The announcement was made after market hours yesterday, 3 May 2017.
HDFC, Godrej Properties, Emami, Exide Industries, MRF, L&T Finance Holdings, Oberoi Realty and Wockhardt among others will declare their quarterly earnings today, 4 May 2017.
Brigade Enterprises said that the company has raised Rs 500 crore after issuing 2.19 crore shares to qualified institutional buyers at Rs 227.50 per share. The announcement was made after market hours yesterday, 3 May 2017.
Bombay Burmah Trading Corporation announced that it has issued commercial paper for an aggregate amount of Rs 50 crore on 3 May 2017 for 86 days. The announcement was made after market hours yesterday, 3 May 2017.
Time Technoplast launched its highly technical and innovative MOX film (Multi layer Multi axis Oriented Cross Laminated Film) under the brand 'Techpaulin' effective 1 April 2017. The product has taken off and received very well in the market. The company has appointed over 27 distributors/dealers in the state of Kerala, Andhra Pradesh, Karnataka, Telangana and Maharashtra in the initial phase and the process of appointing distributors and dealers in other states is in progress. Civil contractors for government projects are one of the biggest users of this product for variety of applications. The announcement was made after market hours yesterday, 3 May 2017.
Arvind said that company's board meeting will be held on 11 May 2017 to consider fund raising options available to the company by way of issue of non-convertible debentures upto Rs 500 crore on a private placement basis subject to approval of shareholders. The announcement was made after market hours yesterday, 3 May 2017.
V-Mart Retail's net profit jumped 941.67% to Rs 5 crore on 40.72% rise in total income to Rs 252.58 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 3 May 2017.
IG Petrochemicals' net profit rose 134.31% to Rs 28.07 crore on 34.19% rise in total income to Rs 289.90 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 3 May 2017.
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