Here are stocks that are in news today:
Results today: Infosys, Goa Carbon, Gruh Finance, IL&FS Transportation
TCS Q3-Net profit up 2.9 percent at Rs 6,778 crore versus Rs 6,586 crore (QoQ)-Rupee revenue up 1.5 percent at Rs 29,735 crore versus Rs 29,284 crore (QoQ)-Dollar revenue Up 0.3 percent at USD 4,387 million versus USD 4,374 million (QoQ)-EBIT up 1.5 percent at Rs 7,733 crore versus Rs 7,617 crore (QoQ)-EBIT margin at 26 percent versus 26.01 percent (QOQ)-BFSI revenue up 1.7 percent at Rs 12,021 crore versus Rs 11,821 crore (QoQ)-Manufacturing revenue up 0.7 percent at Rs 3,155 crore versus Rs 3,133 crore (QoQ)-Retail & consumer business revenue up 1.2 percent at Rs 5,143 crore versus Rs 5,080 crore (QoQ)-Communication, media & tech revenue down 2.9 percent at Rs 4,751 crore versus Rs 4,893 crore (QoQ)-BFSI EBIT down 1.2 percent at Rs 3,309 crore versus Rs 3,350 crore (QoQ)-Manufacturing EBIT up 11.3 percent at Rs 963 crore versus Rs 865 crore (QoQ)-Retail & consumer business EBIT down 1.3 percent at Rs 1,468 crore versus Rs 1,488 crore (QoQ)-Communication, media & tech EBIT down 8.7 percent at Rs 1,315 crore versus Rs 1,440 crore (QoQ)-BFSI EBIT margin at 27.5 percent versus 28.3 percent (QoQ)-Manufacturing EBIT margin at 30.5 percent versus 27.6 percent (QoQ)-Retail & consumer business EBIT margin at 28.5 percent versus 29.3 percent (QoQ)-Communication, media & tech EBIT margin at 27.7 percent versus 29.4 percent (QoQ)-Dividend at Rs 6.50/share-Digital revenue at 16.8 percent; up 30.2 percent (YoY)-Attrition at 11.3 percent (LTM) in IT services-Added 2 clients in USD 50 million band & 5 clients USD 10 million band
Tata Sons appoints N Chandrasekaran as chairmanTata Sons says-Chandrasekaran to take charge from February 21, 2017-Selection panel unanimously recommended N Chandrasekaran-Chandrasekaran has demonstrated exemplary leadership as TCS CEO & MD-Believe Chandrasekaran will inspire group to realise its potential-Rajesh Gopinathan appointed TCS CEO-NG Subramaniam appointed TCS COO
Reliance Industrial Infrastructure Q3-Net profit down 32.5 percent at Rs 2.7 crore versus Rs 4 crore (YoY)-Total income up 4.1 percent at Rs 23 crore versus Rs 22.1 crore (YoY)-EBITDA down 10.9 percent at Rs 4.9 crore versus Rs 5.5 crore (YoY)-EBITDA margin at 21.3 percent versus 24.9 percent (YoY)
Hero Motocorp-Forays into Argentinian market, ties up with Marwen SA for assembly, distribution-Launches 5 new products, to locally assemble them in Argentina initially-To launch latest product 'Glamour 125' globally, in ArgentinaPawan Munjal says-Glamour 125 to be available across global markets post launch in Argentina
Mahindra & Mahindra-M&M launches Carkwozy – multi brand digital car-Company looking to sell 100,000 in CY17
Bank of Baroda-Declares 200 borrowers as wilful defaulters-Names include Surya Vinayak, Sai InfoSystem etc
ONGC-Government to offload 51 percent in Pawan Hans-ONGC holds 49 percent in this company
Hathway-Approved withdrawal of demerger of broadband business-To revoke merger of 3 subsidiaries with itself-To spin off cable TV business into subsidiary-Provided approval to 5 subsidiaries to spin off their cable TV business
Vivimed Labs-Approved withdrawal of warrants to promoter and Kitara Piin-Seeks shareholder approval for issue of 125 lakh warrants and raise capital up to Rs 500 crore
Other stocks and sectors that are in news today:-Maruti Suzuki to launch Ignis today-Bharti Airtel & Kotak Mahindra Bank will spend Rs 3,000 crore to develop pan-India digital payment ecosystem-SpiceJet inks order for 75-125 Boeing 737 Max planes, costing USD 8.25-USD 13.75 billion-Mahindra Lifespace to invest Rs 3,000 crore to build an industrial park near Ahmedabad-PepsiCo sells its defunct Duke’s plant in Mumbai to Wadhwa group (5 million square feet)-Bharti Airtel, Vodafone & Idea: Attorney general clears levy of Rs 3,050 crore of penalty on these 3 companies (due to breaking of license conditions over carious circles)-Rajasthan government has agreed to transfer its 1,000 MW Chhabra thermal power plant to NTPC-Idea Cellular is looking to raise Rs 500 crore via non-convertible debentures (NCDs)-CCL International: ICRA reaffirms rating of BB and short term rating of A4+-Deep Industries: CARE upgrades long term rating from A- to A and short term rating from A2+ to A1-Shriram Transport: S&P assigns rating of BB+ to rupee denominated bonds-India Cements: CARE upgrades long term rating to A- and short term rating to A1-Force Motors issued commercial papers worth Rs 200 crore-Mercator: QIP committee meeting on January 17 to consider closure of QIP and approval of issue price-Bharat Financial Inclusion assigns a pool of receivables worth Rs 313.78 crore to one of the largest public sector banks-REC incorporated 3 project SPVs as wholly owned subsidiaries-KCP Sugar December production of sugar at 1.04 lakh quintals and sales at 7.43 lakh quintals-Future Consumer approved issue of NCDs-Electrosteel Castings: Government of India grants mining lease of 192.5 hectare in Jharkhand-Shree Digvijay Cement says Gujarat HC asks government to to issue grant orders & execute mining leases post environment nod-Tree House Education board approves conversion of Pre-schools into franchise
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