TCS' consolidated net profit fell 0.03% to Rs 6083 crore on 0.7% rise in revenue to Rs 27364 crore in Q3 December 2015 over Q2 September 2015. TCS' consolidated net profit as per the International Financial Reporting Standards (IFRS) rose 0.9% to Rs 6110 crore on 0.7% rise in revenue to Rs 27364 crore in Q3 December 2015 over Q2 September 2015. TCS has declared a third interim dividend of Rs. 5.50 per share. The result was announced after market hours yesterday, 12 January 2016. Commenting on the Q3 performance, Chief Executive Officer and Managing Director, N Chandrasekaran said that all its industry segments have exhibited growth in a traditionally weak quarter additionally accentuated by the impact of the Chennai floods. The company's international business has grown smartly in CC terms with North America and Europe leading the way among major markets and Latin America among growth markets.
Tata Power Company announced after market hours yesterday, 12 January 2016, that the company has successfully issued and allotted 5,000 unsecured, non-cumulative, redeemable, taxable, listed, rated Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each aggregating Rs 500 crore on a private placement basis. These NCDs carry a floating interest rate linked to base rate of State Bank of India and have been rated CARE AA by CARE.
HDFC said that as at 31 December 2015, the total amount invested by mutual funds in non convertible debentures and commercial paper issued by HDFC is 3.9% of the total debt asset under management. The single issue limit stipulated by the Securities Exchange Board of India (Sebi) for mutual funds is 10% of the net asset value of the scheme. The company replied after market hours yesterday, 12 January 2016, with regards to press release issued by Sebi on 11 January 2016, post its board meeting on investments by mutual funds in Housing Finance Companies (HFCs).
Canara Bank announced before market hours today, 13 January 2016, that the board of the bank in its meeting held on 12 January 2016 permitted the bank to move to 4 tier system ie., Head Office, Circle Offices, Regional Offices & Branches from the existing system of 3 tier system ie., Head office, Circle Offices and Branches in the next financial year ending 31 March 2017 (FY 2017) in a phased manner in order to enhance the connect between the branches and controlling offices, strengthen the control mechanism and to improve business & profitability by improving the operational efficiency.
GMR Infrastructure announced after market hours yesterday, 12 January 2016, that GMR Hyderabad International Airport (GHIAL) has commissioned a 5 megawatts (MW) solar power plant for its captive consumption at Rajiv Gandhi International Airport (RGIA), Hyderabad. Situated close to the airport access road, the solar power plant has started generating around 25000 units/day of pollution free energy and meeting the airport's peak power demand during day-time.
Vijaya Bank announced after market hours yesterday, 12 January 2016, as per the powers delegated by the board, the bank has decided to raise Basel III compliant tier -II bonds amounting to Rs 500 crore by way of private placement. The bank has received ratings of "ICRA AA+ (hyb)" with stable outlook by ICRA and "CARE AA+" by CARE for the proposed issue of the bonds.
Deep Industries announced after market hours yesterday, 12 January 2016, that the company has received notification of award for hiring of natural gas compression services at CTF Ankleshwar for a capacity of 1 LSCMD and period of one year. The total value of the award is Rs 7.26 crore.
Dalmia Bharat announced after market hours yesterday, 12 January 2016, that a meeting of the board of directors of the company will be held on 15 January 2016, to consider and approve preferential allotment of certain equity securities (and certain related matters), subject to execution of definitive agreements in compliance with all applicable laws, and on such terms and conditions as may be agreed.
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