Britannia Industries may gain after reporting good Q4 results

Britannia Industries' consolidated net profit rose 13.73% to Rs 190.23 crore on 6.87% rise in total income to Rs 2235.68 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016. The revenue growth was impacted due to phasing out of excise duty incentives available to the company.

Reliance Communications (Rcom) announced on Saturday, 21 May 2016 that, based on the substantial further progress made, RCcom, Maxis Communications Berhad (MCB) and Sindya Securities and Investments (Sindya) have mutually extended the exclusivity period between RCom and MCB and Sindya, with the shareholders of Aircel (Aircel), by 30 days to 22 June 2016, to consider the potential combination of the Indian wireless business of RCcom and Aircel and mutually derive the expected substantial benefits of in-country consolidation, including opex and capex synergies and revenue enhancement.

The discussions, though at advanced stage, are non-binding in nature. Any transaction is subject to completion of due diligence, definitive documentation and regulatory, shareholders' and other third party approvals. Hence, there is no certainty that any transaction will result.

Tata Power Company will announce Q4 results today, 23 May 2016.

Balrampur Chini Mills' net profit rose 30.28% to Rs 98.78 crore on 17.08% rise in total income to Rs 777.19 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016.

Kothari Products' net profit fell 9.92% to Rs 8.17 crore on 0.92% decline in net total income from operations to Rs 1402.09 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016.

CESC announced that the company has won the bids floated by Jaipur Vidyut Vitaran Nigam (JVVNL) and have been appointed by JVVNL as distribution franchisees for the cities of Kota and Bharatpur in the state of Rajasthan for distribution and supply of electricity for a term of twenty years each. The announcement was made after market hours on Friday, 20 May 2016.

Shares of Multi Commodity Exchange of India (MCX) may edge higher after the Reserve Bank of India (RBI) removed the restrictions placed on purchase of the company's shares by foreign institutional investors (FIIs) with immediate effect. The RBI after trading hours on Friday, 20 May 2016, said that the aggregate shareholding of FIIs in MCX has gone below the prescribed threshold caution limit stipulated as per the current FDI policy.

Ruchi Soya Industries said on Sunday, 22 May 2016 that the company has disposed off its entire stake in the joint venture company namely, Ruchi Kagome Foods India at a consideration of Rs 63 crore and has entered into termination agreement and share purchase agreement with Kagome Co. and others, on 20 May 2016, resulting into termination of joint venture arrangement with the parties thereto.

Country Club Hospitality & Holidays announced on Saturday, 21 May 2016 that the company has started a new venture as Country Club Wellness World at Delhi. Country Club's massive network includes over 25 fitness centres in India, Middle East, Malaysia and over 50 clubs, resorts and hotels in India, Middle East, Malaysia, Singapore, Bangkok and Sri Lanka.

Just Dial's net profit fell 25.08% to Rs 35.33 crore on 6.34% rise in total income to Rs 195.15 crore in Q4 March 2016 over Q4 March 2015. The result was announced on Saturday, 21 May 2016.

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