Tata Power in spotlight after Q4 results

Tata Power Company's (Tata Power) consolidated net profit rose 126% to Rs 360 crore on 17% growth in revenue to Rs 9626 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 23 May 2016.

Tata Power said that the company aims to increase the share of non-fossil fuel based power generation output to 30-40% by 2025, up from its earlier target of 20%.

Cipla and Tech Mahindra are scheduled to announce their Q4 March 2016 results today, 24 May 2016.

TCS announced the release of a new module for its Digital Software & Solutions (DS&S) Group's Customer Insights & Intelligence (CI&I) Solution for retail banks. The new software release features an operational analytics module that enables retail banks to understand in real-time how the product fulfillment process for consumer banking operations impacts multiple departmental touch points, and provides recommendations on operational processes to better serve their customers, TCS said in a statement. The company's CI&I Solution for retail banks features a unified set of data models and out-of-the-box KPIs that address key business issues relevant to the banking industry, TCS said in a statement. The announcement was made after market hours yesterday, 23 May 2016.

Novartis India said that the company's board of directors will also consider a proposal for buyback of the company's equity shares, constitution of buyback committee, and appointment of intermediaries in accordance with all applicable provisions of laws along with the Q4 March 2016 result on 26 May 2016. The announcement was made after market hours yesterday, 23 May 2016.

Chennai Petroleum Corporation's net profit dropped 27.14% to Rs 265.59 crore on 33.48% growth in total income from operations (net) to Rs 5869.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 23 May 2016.

National Fertilizers reported net profit of Rs 31.44 crore in Q4 March 2016 compared with net loss of Rs 100.57 crore in Q4 March 2015. The company's total income from operations rose 5.48% to Rs 1641.68 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 23 May 2016.

Kewal Kiran Clothing's net profit rose 1.77% to Rs 21.79 crore on 20.91% growth in total income from operations to Rs 126.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 23 May 2016.

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