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TCS may gain after announcing good Q2 results
Oct 14,2016

IT major TCS reported a 4.3% growth in its consolidated net profit at Rs 6586 crore on 0.1% decline in revenue to Rs 29284 crore in Q2 September 2016 over Q1 June 2016. The result was announced after market hours yesterday, 13 October 2016.

Commenting on the companys Q2 performance, CEO and MD, N Chandrasekaran said it has been an unusual Q2 for TCS. Growing uncertainties in the environment is creating caution among customers and resulted in holdbacks in discretionary spending this quarter, he said. In addition, volatility in markets like India and Latin America also muted revenue growth, he said. It has been a good quarter from a profitability perspective where despite multiple headwinds the companys disciplined approach and focus on operations has helped it deliver a strong margin performance, Chandrasekaran said.

Rajesh Gopinathan, Chief Financial Officer of TCS said that Q2 September 2016 has been a quarter of good financial performance with sequential improvement in profitability and strong cash generation despite multiple headwinds including global currency and market volatility through the quarter.

Infosys announces Q2 results today, 14 October 2016.

Wipro announced the launch of Treasury DNA Decisions and Analytics platform that will digitally enable global treasuries using cloud technologies. Treasury DNA is powered by BELLINs tm5, a leading treasury management systems provider. The announcement was made yesterday, 13 October 2016.

Yes Bank announced that a meeting of the board of directors of the bank will be held on 20 October 2016, to consider Q2 results and to update on QIP and fund raising by way of QIP and debt issues, under the current shareholders approval which is valid till 6 June 2017. The announcement was made yesterday, 13 October 2016.

PSU OMCs will be in focus. The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies (OMCs) to carry out the Ethanol Blended Petrol (EBP) Programme.For the next sugar season 2016-17 during ethanol supply period from 1st December, 2016 to 30th November, 2017, the administered price of ethanol for the EBP Programme will be Rs 39 per litre. Additionally, charges will be paid to the ethanol suppliers as per actuals in case of Excise Duty and VAT/GST and transportation charges as decided by OMCs. If the need arises to increase/reduce the retail selling price of petrol by PSU OMCs, then such increase/reduction would proportionately factor in the requirement of maintaining the fixed cost of purchase of ethanol during the ethanol supply year.

The prices of ethanol will be reviewed and suitably revised by Government at any time during the ethanol supply period that is from 1st December, 2016 to 30th November, 2017 depending upon the prevailing economic situation and other relevant factors. The revision in ethanol prices will facilitate the continued policy of the Government in providing price stability and remunerative prices for ethanol suppliers.

Lux Industries said that the companys rating for Long Term Bank Facilities have been revised by CARE from CARE A (Single A) to CARE A+ (Single A plus). The rating for Short Term Bank Facilities have been revised by CARE from CARE A1 (A One) to CARE A1 + (A One plus). The announcement was made after market hours yesterday, 13 October 2016.

Shreyas Shipping & Logistics said that the companys wholly owned subsidiary Shreyas Relay Systems has decided to sell its stake of 51% in SRS Freight Management to BSL Freight Solutions. The announcement was made after market hours yesterday, 13 October 2016.

Future Enterprises announced that the committee of directors of the company at a meeting held on 13 October 2016, considered, approved & allotted of 250, 9.75% secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each (NCD Series XV - A) and 250, 9.8% secured redeemable NCDs of Rs 10 lakh each, (NCD Series XV - B) aggregating to Rs 50 crore, on private placement basis. The announcement was made yesterday, 13 October 2016.

Reliance Industrial Infrastructures net profit fell 19.33% to Rs 3.38 crore on 7.72% rise in total revenue to Rs 26.10 crore in Q2 September 2016 over Q2 September 2015. The result was announced yesterday, 13 October 2016.

Karnataka Bank has fixed 25 October 2016 as record date for issue of shares on rights basis. The announcement was made after market hours yesterday, 13 October 2016.

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Lux Industries gets revision in credit ratings
Oct 13,2016

Lux Industries announced that the Companys rating for Long Term Bank Facilities have been revised by CARE from CARE A (Single A) to CARE A+ (Single A plus). The rating for Short Term Bank Facilities have been revised by CARE from CARE A1 (A One) to CARE A1 + (A One plus).

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CPI inflation dips to 13-month low of 4.3% in September 2016
Oct 13,2016

The all-India general CPI inflation dipped to 13-months low of 4.31% in September 2016 (new base 2012=100), compared with 5.05% in August 2016. The corresponding provisional inflation rate for rural area was 4.96% and urban area 3.64% in September 2016 as against 5.87% and 4.22% in August 2016. The core CPI inflation moved up to 4.77% in September 2016 from 4.59% in August 2016. The cumulative CPI inflation rose to 5.40% in April-September 2016 compared with 4.51% in April-September 2015.

Among the CPI components, inflation of food and beverages declined to 4.12% in September 2016 from 5.83% in August 2016 contributing to the fall in CPI inflation. Within the food items, the inflation eased for vegetables to (-) 7.21%, pulses and products 14.33%, spices 8.10%, meat and fish 5.83%, oils and fats 4.65% and milk and products 4.27%. On the other hand, inflation moved up for fruits to 6.07%, prepared meals, snacks, sweets etc. 5.81%, sugar and confectionery 25.77% and cereals and products 4.17% in September 2016.

The inflation for housing eased to 5.18%, while that for miscellaneous items inched up to 4.51% in September 2016. Within the miscellaneous items, the inflation for transport and communication rose to 2.70% and Health 4.67%, while eased for personal care and effects to 7.67%, household goods and services 4.32% and recreation and amusement 3.97% in September 2016.

The inflation for clothing and footwear was flat at 5.19% in September 2016, while the CPI inflation of fuel and light increased 3.07% in September 2016.

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Tata Consultancy Services consolidated net profit rises 8.37% in the September 2016 quarter
Oct 13,2016

Net profit of Tata Consultancy Services rose 8.37% to Rs 6603.00 crore in the quarter ended September 2016 as against Rs 6093.00 crore during the previous quarter ended September 2015. Sales rose 7.80% to Rs 29284.00 crore in the quarter ended September 2016 as against Rs 27165.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales29284.0027165.00 8 OPM %27.7028.79 - PBDT9165.008497.00 8 PBT8669.008028.00 8 NP6603.006093.00 8

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Cyient consolidated net profit declines 2.19% in the September 2016 quarter
Oct 13,2016

Net profit of Cyient declined 2.19% to Rs 97.25 crore in the quarter ended September 2016 as against Rs 99.43 crore during the previous quarter ended September 2015. Sales rose 18.27% to Rs 913.64 crore in the quarter ended September 2016 as against Rs 772.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales913.64772.48 18 OPM %13.9214.95 - PBDT141.49138.68 2 PBT118.28119.45 -1 NP97.2599.43 -2

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Cyient standalone net profit declines 17.68% in the September 2016 quarter
Oct 13,2016

Net profit of Cyient declined 17.68% to Rs 63.42 crore in the quarter ended September 2016 as against Rs 77.04 crore during the previous quarter ended September 2015. Sales rose 2.23% to Rs 328.74 crore in the quarter ended September 2016 as against Rs 321.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales328.74321.56 2 OPM %21.7923.19 - PBDT89.60112.32 -20 PBT75.9796.89 -22 NP63.4277.04 -18

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Tata Consultancy Services standalone net profit rises 4.11% in the September 2016 quarter
Oct 13,2016

Net profit of Tata Consultancy Services rose 4.11% to Rs 5958.00 crore in the quarter ended September 2016 as against Rs 5723.00 crore during the previous quarter ended September 2015. Sales rose 6.38% to Rs 23016.00 crore in the quarter ended September 2016 as against Rs 21636.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales23016.0021636.00 6 OPM %29.6332.68 - PBDT7991.007747.00 3 PBT7595.007385.00 3 NP5958.005723.00 4

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Shreyas Shipping & Logistics provides update on subsidiary
Oct 13,2016

Shreyas Shipping & Logistics announced that Shreyas Relay Systems, the wholly owned subsidiary of the Company has decided to sell its stake of 51% in M/s SRS Freight Management to M/s BSL Freight Solutions.

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Karnataka Bank fixes record date for rights issue
Oct 13,2016

Karnataka Bank has fixed 25 October 2016 as Record Date for the purpose of determining the Shareholders eligible to apply for Rights Equity Shares in the Issue.

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Tata Consultancy Services fixes record date for 2nd interim dividend
Oct 13,2016

Tata Consultancy Services has fixed 25 October 2016, as the Record Date for the purpose of Payment of Second Interim Dividend.

Further, the Second Interim Dividend will be paid to the equity shareholders of the Company on 02 November 2016.

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Outcome of board meeting of Kreon Finnancial Services
Oct 13,2016

Kreon Finnancial Services announced that the Board of Directors of the Company at its meeting held on 13 October 2016 approved the appointment of K Venkateshwaran as Company Secretary and Compliance Officer of the Company with effect from 01 October 2016.

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Outcome of board meeting of Tilak Ventures
Oct 13,2016

Tilak Ventures announced that the Board of Directors of the Company at its meeting held on 13 October 2016 have approved the following -

Resignation of Swati Shinde as Director of the Company.

Appointment of Tanu Agrawal as Additional Director of the Company.

Resignation of Shruti Shah as Company Secretary of the Company.

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Firstsource Solutions to hold board meeting
Oct 13,2016

Firstsource Solutions will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider the Audited Standalone and Consolidated Financial Results for the quarter ended September 30, 2016 (Q2).

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Paramount Printpackaging to hold board meeting
Oct 13,2016

Paramount Printpackaging will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider and approve, the Unaudited Financial Results of the Company for the quarter and half year ended on September 30, 2016.

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Enkei Wheels India to hold board meeting
Oct 13,2016

Enkei Wheels India will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider & approve Unaudited financial results of the Company for the Quarter and Half Year ended on September 30, 2016.

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