Pharma major Lupin is set to announce its Q4 March 2016 earnings today, 19 May 2016.
TCS announced five-year partnership with Lidingoloppet, the legendary Swedish sports event, widely regarded as the world's largest cross-country race. Under the terms of the agreement, TCS will become the title sponsor and official technology partner for the event. The announcement was made after market hours yesterday, 18 May 2016.
Wipro announced that Vestas Wind Systems selected the company as its strategic IT partner to provide workplace services. The announcement was made after market hours yesterday, 18 May 2016. Headquartered in Aarhus, Denmark, Vestas is a global energy company that delivers best in class wind energy solutions in over 75 countries.
Axis Bank announced that its board of directors at a meeting held yesterday, 18 May 2016, passed a resolution approving the allotment of two senior notes aggregating to $10 million each, under the MTN programme through its Dubai International Financial Centre (DIFC) branch. The announcement was made after market hours yesterday, 18 May 2016.
Coal India (CIL) said that on 17 May 2016, the Competition Appellate Tribunal (Compat) allowed CIL's appeal setting aside the orders of the Competition Commission of India (CCI) imposing penalty of Rs 1773 crore in relation to complaints filed by various power and non-power companies on 9 December 2013 against Coal India and three of its subsidiaries alleging misuse of their monopoly to supply poor quality coal and fixing prices. The case has been remitted back to CCl for it to hear the matter again on merits and pass fresh orders. The CCI has been directed to pass this order within two months. The announcement was made after market hours yesterday, 18 May 2016.
The CCI in December 2013 had found Coal India and its three subsidiaries viz. Mahanadi Coalfields, Western Coalfields and South Eastern Coalfields guilty of abusing their dominant position for supplying non-coking coal and having unfair fuel supply contracts.
Shares of Parag Milk Foods debuts on the stock exchanges today, 19 May 2016. The initial public offer (IPO) price for the issue was fixed at Rs 215 per share. The IPO of Parag Milk Foods was subscribed 1.83 times. Parag Milk Foods manufactures a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands.
Unitech may edge lower after the National Stock Exchange (NSE) after trading hours yesterday, 18 May 2016, announced the removal of the stock from its futures & options (F&O) segment. F&O contracts for new expiry months in Unitech will not be issued, NSE said in a circular. The existing unexpired contracts of expiry months May 2016, June 2016 and July 2016 would continue to be available for trading till their respective expiry.
Kirloskar Electric Company announced that the board of directors of the company approved to raise funds by issuing equity shares through qualified institutions placement route for an amount upto Rs 75 crore. The board also approved to increase the limit of holding by foreign entities in the company from 24% to 49%; The announcement was made after market hours yesterday, 18 May 2016.
Dalmia Bharat's consolidated net profit jumped 142.93% to Rs 114.86 crore on 47.83% growth in net total income from operations to Rs 1913.26 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 18 May 2016.
PTC India's net profit declined 29.67% to Rs 39.69 crore on 29.47% growth in total income to Rs 3057.66 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 18 May 2016.
IFB Industries' net profit jumped 325.42% to Rs 5.02 crore on 12.72% rise in net total income from operations to Rs 368.51 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 18 May 2016.
JK Lakshmi Cement's net profit spurted 699.66% to Rs 48.38 crore on 29.09% rise in total income to Rs 769.35 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 18 May 2016.
JK Lakshmi Cement said that company's steep growth in production and sales along with its relentless efforts to improve efficiency and cutting its operating cost has enabled the company to post profitability of Rs 30.51 crore at profit before tax (PBT) level in Q4 March 2016 after witnessing losses in the previous three quarters. The net profit spurted with the recognition of deferred tax asset in Q4 March 2016. However, the company said that its profitability was affected due to the additional burden of interest and depreciation with the commissioning of the first phase of the greenfield plant at Durg, besides lower prices.
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