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TCS in spotlight ahead of Q4 results

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IT major is scheduled to release Q4 March 2017 today, 18 April 2017.

Among other companies, Hindustan Oil Exploration Company, Omax Autos, Muthoot Capital Services and VST Industries are scheduleD to release March 2017 quarter earnings today, 18 April 2017.

Axis Bank announced that it has retained the marginal cost of funds based lending rates (MCLR) at the same levels across tenors. The bank's MCLR for overnight loans will be 7.9%, for one month will be 7.9% and for three months will be 8.05%.

The MCLR on 6-month loans will be 8.15% and for one-year loans the rate would be 8.25%, the bank said. MCLR for two-year loans would be at 8.3% and loans with three-year maturity would carry an MCLR of 8.35%, the bank said. The new loans will be priced at the published interntal benchmark MCLRs as mentioned above with effect from 18 April 2017. The announcement was made after market hours yesterday, 17 April 2017.

Gruh Finance's net profit rose 25.76% to Rs 110.45 crore on 13.4% rise in total income from operations to Rs 416.11 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 17 April 2017.

APL Apollo Tubes announced the launch of its new brand 'Apollo Coastguard', thus marking a revolutionary change in the world of galvanized steel pipes. The Apollo Coastguard pipes are made of special galvanized steel to provide excellent corrosion resistance against wind, water and road salts, making them 100% rust proof pipes to last for generations. The announcement was made after market hours yesterday, 17 April 2017.

National Fertilizers (NFL) said that it has received letter of intent (LOI) from SDSC-SHAR (Satish Dhawan Space Centre, Sriharikota) for establishing Di-Nitrogen Tetroxide (N2O4) production plant (NPP) on build, Own, operate & supply model. The project is to be set-up on build, own, operate & supply (BOOS) model at NFL Vijaipur, Guna, Madhya Pradesh. The plant capacity shall be around 1,095 metric tonnes (MT) N2O4 per annum.

The product (N2O4) shall be exclusively supplied to SDSC-SHAR under long term agreement for 25 years period. The project activities (zero date) shall start around July 2017 with a gestation period of 18 months. The estimated capex requirement shall be around Rs 350 crore. The announcement was made after market hours yesterday, 17 April 2017.

CMI said that its board of directors on 17 April 2017 approved the allotment of 2.5 lakh equity shares having face value Rs 10 each at a premium of Rs 290 per share to promoter/promoter group. The announcement was made after market hours yesterday, 17 April 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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