TCS may see action

News Flash

DELL LOST 10% ON FRIDAY AFTER MISSING REVENUES & EARNINGS TARGET FOR Q3
GOLDMAN SACHS DOWN 1.6%, GE DOWN 1.1%, CISCO DOWN 1%, MERCK UP 3.2%
DELL LOST 10% ON FRIDAY AFTER MISSING REVENUES & EARNINGS TARGET FOR Q2
DOW JONES FALLS FOR 3RD STRAIGHT DAY TO END LOWER BY 0.1% ON FRIDAY
NASDAQ DOWN 0.5%, S&P 500 INDEX LOWER BY 0.3% AT CLOSE ON FRIDAY
U.S MARKETS ENDED LOWER ON FRIDAY AS TECH STOCKS TOOK THE BIGGEST HIT
FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
GTL FRONTRUNNER IN RACE FOR AIRCEL'S TOWER BIZ: SOURCES
UNDERWEIGHT ON THE TELECOM SPACE; BULLISH ON I.T., BANKING STOCKS
PROMOTERS PLEDGE 1.8% ADDL STAKE; TOTAL PLEDGED SHARES AT 28.28%: NW
RUPEE CLOSES AT 46.62/$ VS 46.68/$ ON NOVEMBER 19
LONG ONLY HEDGE FUNDS LIKELY TO RAISE EQUITY EXPOSURE IN COMING MONTHS
SUGAR MILLS TO PAY FRP, SAP DIFFERENCE
CONSENSUS DECISION OF THE UPA GOVT TO SCRAP CLAUSE 3B FROM THE SUGAR POLICY

Updated: 20/07/2009 | 12:00 AM IST

Stock alert

TCS may see action

Capital Market

Monday, July 20, 2009 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

India's largest software outsourcer by sales TCS reported a 15.27%% increase in net profit to Rs 1276.44 on a 0.12% decline in sales to Rs 5609.60 crore in Q1 June 2009 over Q4 March 2008. The better than expected first quarter result was fueled by improved offshoring, lower costs and lower losses on account of foreign exchange hedging.

Apart from the broad-based growth in markets like North America and aided by a semblance of stability in the banking, financial services and insurance (BFSI) verticals, the company said strong operational execution also helped it. The company incurred a foreign exchange loss of Rs 85 crore. TCS, unlike its peers, does not provide guidance.

An international expert will reportedly examine the pricing formula proposed by Reliance Industries for the crude oil produced from its D-6 block in the Krishna-Godavari basin, an oil ministry official said.

Gaz de France (GDF) Suez and renewable energy group Akuo Energy have reportedly completed due diligence of realtor DLF's wind energy business. DLF hopes to raise at least Rs 900 crore from the sale.

Seperately, DLF reportedly wants to get out of the Rs 1500 crore IT special economic zone project in Tamil Nadu and has asked state government to either call for a re-tender or refund the Rs 725 crore it had paid last year.

Cinemax India reportedly plans to invest Rs 30 crore to digitise all its 74 screens and an additional 50 screens that it plans to open by the end of the year.

Agro-chemicals firm Gharda Chemicals is reportedly likely to be sold within a few months. Private equity funds like Carlyle, Kotak and Blackstone and agrochemicals maker United Phosphorous were interested.

Maytas Infrastructure, linked to the promoters of fraud-tainted Satyam Computer has reportedly decided to sell part of its shareholding in Cyberabad Expressway and Hyderabad Expressway to Terra Projects.

The Godrej group will reportedly buy out the US-based Sara Lee Corp's entire controlling stake of 51% in their India joint venture, Godrej Sara Lee, for Rs 880 crore.

Powered by Capital Market - Live News