Infosys, TCS, ACC in focus

Infosys said its consolidated net profit (after minority interest) fell 3.1% to Rs 4,321 crore on 0.8% rise in revenues to Rs 23,267 crore in Q4 March 2020 over Q3 December 2019. The result was announced after trading hours on Monday, 20 April 2020.

On a consolidated basis, operating profit fell 2.7% to 4,927 crore in Q4 March 2020 over Q3 December 2019. Operating margin stood at 21.2% in Q4 March 2020 lower than 21.9% in Q3 December 2019.

Tata Consultancy Services (TCS) and Amway, a global leader in direct selling, have entered into a strategic partnership to transform the latter's global technology operations. Amway was looking to transform its IT infrastructure and operations and its global service desk in order to improve agility, accelerate speed to market, and enhance customer experience.

ACC, CRISIL, Den Networks, ICICI Prudential Life Insurance Company and GTPL Hathway among others are the companies that will release their March quarter earnings today, 21 April 2020.

Infibeam Avenues signed a binding agreement for acquisition of 100% Shareholding of AI Fintech, Inc, a company formed and registered in USA to expand digital payments business in United States. Accordingly, AI Fintech, Inc will become a Wholly owned subsidiary of the company.

Excel Industries informed that the Government Authorities including Government of Maharashtra has permitted manufacturers of essential goods to commence its operations from 20 April 2020. Accordingly, the company's manufacturing operations have restarted, and will be ramped up gradually based on customer requirements, availability of raw materials, manpower and allied services, in compliance with social distancing and safety norms and all other Government directives.

HeidelbergCement India said the company has resumed partial operations in some of its manufacturing units and is in the process of doing so for the other units. The company will gradually step up its operations depending upon the directions being issued by the government from time to time and the market demand.

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