HCL Technologies in focus after Q1 results

On a consolidated basis, HCL Technologies' net profit rose 1.84% to Rs 2050.78 crore on 5.96% increase in total income from operations to Rs 11336.32 crore in Q1 June 2016 over Q4 March 2016. The result was announced before trading hours today, 3 August 2016.

DLF announced that credit ratings agency ICRA has upgraded its outlook on the company's non-convertible debentures (NCD) and bank facilities to stable from negative. The rating agency has also re-affirmed its long term rating of ICRA A assigned to the company's NCD programme and bank facilities. The announcement was made after market hours yesterday, 2 August 2016.

NHPC announced that the Unit 4 of Teesta Low Dam Project-IV (160 MW) project has been successfully spun at its full RPM on 1 August 2016. The announcement hit the market at the fag end of trading session yesterday, 2 August 2016.

Larsen & Toubro Infotech (L&T Infotech) announced a strategic alliance with Pegasystems. With this partnership, L&T Infotech becomes a Pega Registered Business Partner, enabling it to provide Pega software expertise and implementation services to its clients. L&T Infotech will deliver advanced Business Process Management (BPM) and Business Process Automation (BPA) solutions that optimize efficiencies and accelerate digital transformation programs. The announcement was made after market hours yesterday, 2 August 2016.

BASF India turns ex-dividend today, 3 August 2016, for dividend of Rs 1 per share for the year ended 31 March 2016.

Glenmark Pharmaceuticals turns ex-dividend today, 3 August 2016, for dividend of Rs 2 per share for the year ended 31 March 2016.

MRF turns ex-dividend today, 3 August 2016, for final dividend of Rs 94 per share for the year ended 31 March 2016.

Page Industries turns ex-dividend today, 3 August 2016, for final dividend of Rs 24 per share for the year ended 31 March 2016.

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