TCS in focus after collaboration with Qualcomm

TCS announced that it collaborated with Qualcomm incorporated through its Qualcomm Wireless Reach initiative and FHI 360 to implement a digital solution that enriches lives of the fishing community in Senegal, leveraging the transformative power of wireless technologies. The announcement was made after market hours yesterday, 18 May 2017.

Strides Shasun anounced that it inked a pact with Vivimed Labs to set up two joint venture (JV) firms. The first JV -- a 50:50 joint venture company in India will own a US Food and Drug Administration (USFDA) approved formulation facility in Alathur, Chennai, Strides Shasun said in a regulatory filing. The second JV firm would come up in Singapore and will own various approved abbreviated new drug applications (ANDAs) and product pipeline, it added. The exercise provides additional capacity and de-risks manufacturing infrastructure, the company said. The transaction is expected to close on 31 May 2017. The announcement was made after market hours yesterday, 18 May 2017.

TD Power Systems' consolidated net profit spurted 24323.17% to Rs 8.01 crore on 8.41% rise in net total income from operations to Rs 128.63 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 18 May 2017.

Coral India Finance & Housing announced that the meeting of board of directors of the company is scheduled to be held on 5 June 2017 to consider stock split. The announcement was made after market hours yesterday, 18 May 2017.

TeamLease Services' consolidated net profit spurted 320% to Rs 38.4 crore on 23% rise in total revenue to Rs 822.5 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 18 May 2017. Net profit was positively impacted by the tax benefits availed under section 80JJAA of the Income Tax Act, 1961 and deferred tax benefits availed from the recently acquired subsidiaries.

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 77% to Rs 14.7 crore in Q4 March 2017 over Q4 March 2016. This was achieved by way of margin expansion in general staffing and contribution from IT staffing during FY 2017.

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