Stocks in news: Wipro, Kotak Mahindra, Persistent, VST Ind

Wipro Q4-IT services revenue at Rs 11,242 crore versus Rs 11,344 crore (QoQ)-Dollar revenue at USD 1,774.5 million versus USD 1,795.4 million (QoQ)-EBIT at Rs 2,478 crore versus Rs 2,470 crore (QoQ)-EBIT margin at 22 percent versus 21.77 percent (QoQ)Wipro Guidance Q1FY16-Expect IT services revenues in the range of USD 1,765-1,793 million-IT services sales growth seen between -0.5 percent to 1 percentWipro says-Rishad Azim Premji appointed whole-time director with effect from May 1-Continue to maintain on operational improvements, productivity enhancements-See momentum picking up in infra & product engineeringWipro in press conference says-Focussed on driving innovation, continue to invest in talent development-Witnessed slowdown in BFSI spending-Healthcare & manufacturing continue to see robust growth-Added 65 new customers; higher than normal run rate-Azim Premji will remain executive chairman-Overall growth in FY16 will be better than FY15-Have had some client-specific issues in BFSI business-See retail rebounding very well this year-Client specific issues in BFSI sector may continue for another quarterBoardroom: Wipro says-Lost USD 100 million in oil & gas in last 2 quarters-Many oil & gas deals in the pipeline-Expanded margins in Q4 despite croreoss currency headwinds-Not making any large strategic shifts that we need to share with investors-Impact of salary hikes will be seen in Q1FY16-Salary hikes not finalised, but will be according to industry standards

Persistent Systems Q4 (QoQ)-Rupee revenue at Rs 497.4 crore versus Rs 494.6 crore-Dollar revenue at USD 80 million versus USD 79.52 million-Net profit at Rs 76 crore versus Rs 74.4 crore-EBITDA at Rs 100.5 crore versus Rs 99.53 crore-EBITDA margin at 20.2 percent versus 20 percent

VST Industries Q4-Net profit at Rs 40.7 crore versus Rs 52 crore (YoY)-Total income at Rs 219.2 crore versus Rs 189.1 crore (YoY)

Wendt Q4-Consolidated net profit at Rs 4.4 crore versus Rs 2 crore (YoY)-Consolidated net sales at Rs 32.7 crore versus Rs 29.2 crore (YoY)

CCI looking into allocation of three coal blocks: PTI-CCI looks into possible cartelisation in bidding for 3 coal block allocations

FIPB to meet on April 30 to consider 41 FDI proposals-FIPB to consider FDI proposals of IIFL Holdings, Kotak Mahindra Bank and Blue Dart

Teva Pharma proposes to acquire Mylan for USD 82/share in cash & stockTeva Pharma says-Mylan deal to be significantly accretive to company's non-GAAP EPS-Combined company's revenue will be over USD 30 billion and EBITDA over USD 10 billion-Expect Mylan deal to be completed by year-end-Mylan deal to be composed of approximately 50 percent cash and 50 percent stock

Other stocks and sectors that are in news today:-Telecom Commission to meet today on spectrum sharing, trading norms: PTI   -Marico Kaya says Bombay High Court approves scheme of arrangement between Kaya and company-CCI looking into possible abuse of dominance by telecom & internet companies w.r.t net neutrality: PTI-Lok Sabha passes FY16 Rail Budget-Supreme Court directs SIT to submit status report on black money case by May 12-Mining compensation: Prior allottees file plea in Delhi High Court, seek quashing of government’s compensation order-Century Textiles set to cement ties with UltraTech Cement; Century Textiles may spinoff cement asssets and merge with UltraTech: ET-Cimmco gets licence for manufacturing defence equipment-Gitanjali Gems board approves merger of arm Gitanjali Exports with company-MakeMyTrip to acquire mygola.com & its assets