Infosys announces its Q3 December 2014 results at 12:30 noon today, 9 January 2015. Due to cross currency headwinds, analysts expects Infosys' management to prune the company's revenue growth guidance in dollar terms for the year ending 31 March 2015 (FY 2015). The IT major is widely expected to prune its FY 2015 dollar revenue growth to 7%-8%, from 7%-9%. At the time of announcement of Q2 September 2014 results, Infosys had on 10 October 2014 retained its earlier guidance of 7% to 9% growth in revenue in dollar terms for FY 2015. At that time, the company had raised its revenue growth guidance in rupee terms due to rupee depreciation. The company had raised the revenue growth guidance for FY 2015 in rupee terms to 6.7%-8.7% from earlier 5.6%-7.6% at that time. The revised guidance was based on rupee dollar conversion rate of 61.
NHPC will be watched. With respect to media reports titled "Three NHPC power stations shut in a blow to disinvestment plans", NHPC after market hours yesterday, 8 January 2015 replied that the status of preliminary report on fire in GSU Transformer at URI II power station was intimated on 20 November 2014. Further, as regard of Parbati-III & Teesta Low Dam-III, the matter is being taken up with concerned departments and shall be intimated to your office immediately on receipt of information, if any, the company said.
SJVN said that the company has signed a Joint Venture Agreement on 7 January 2015 with six state power generating companies belonging to West Bengal, Bihar, Uttar Pradesh, Punjab, Karnataka and Tamilnadu for formation of a JV Company for mining coal from Deocha Pachami-Dewanganj Horisingha Coal Block located in Birbhum district of West Bengal State. The coal mined from the block would feed to the 1320 megawatt (MW) (2*660MW) supercritical thermal power project of SJVN Thermal at Buxar, Bihar.
National Buildings Construction Corporation (NBCC) has been entrusted PMGSY works valued at Rs 1236.88 crore in certain IAP districts of Odisha. A tripartite agreement in this regard will be signed on 12 January 2015 between Ministry of Rural Development, Govt. of India; Department of Rural Development, Govt. of Odisha and the company, NBCC said.
Wipro will be watched. With respect to news article titled Wipro wins $400m IT Infra Deal from swiss Giant ABB, Wipro after market hours yesterday, 8 January 2015 clarified that the company does not comment on market rumours.
Also Read
Subex said that the company has allotted 65.67 lakh equity shares pursuant to the conversion of $2,670,000 out of the company's $127,721,000 5.70% secured convertible bonds due 2017 on 8 January 2015. Post the conversion, FCCBs aggregating to $82.18 million are outstanding under the said Bonds. Subject to the listing & trading approval of the stock exchanges the paid up share capital of the company has increased from Rs 174.75 crore to Rs 181.32 crore.
Educomp Solutions said that meeting of the Board of Directors of the company will be held on 13 January 2015, to consider and approve to issue equity shares of the company, as per CDR Scheme of the company, in accordance with SEBI (ICDR) Regulations, 2009 and to consider restructuring options pursuant to the CDR Scheme.
On a consolidated basis, 8K Miles Software Services reported 29.95% rise in net profit to Rs 5.38 crore on 27.28% rise in total income to Rs 34.47 crore in Q3 December 2014 over Q2 September 2014.
Powered by Capital Market - Live News