TCS in focus after Q2 result

TCS' consolidated net profit rose 7.67% to Rs 7927 crore on 5.91% rise in total income to Rs 37584 crore in Q2 September 2018 over Q1 June 2018. The announcement was made after market hours yesterday, 11 October 2018.

Commenting on the Q2 performance, Rajesh Goplnathan, CEO and MD, said revenue growth was driven by expanding demand for digital transformation across verticals, and continued acceleration in BFSI and Retail.

Sundaram-Clayton inaugurated its new foundry at Oragadam, near Chennai, in Tamil Nadu. The Oragadam plant has been set up with an investment of over Rs 150 crore. This major capacity expansion aims to meet the rapidly growing demand for its products from the automotive industry and will primarily serve Hyundai Motor India. With a capacity of 8000 tonne, the plant will produce machined castings ranging from 1.9 kgs to 7.2 kgs. The announcement was made after market hours yesterday, 11 October 2018.

Castrol India has entered into a strategic agreement with Mahindra & Mahindra. Under this agreement, Mahindra and Mahindra will endorse a range of Castrol products which include aftermarket engine oils and transmission fluids for Mahindra tractors under the brand, 'Mileage Ka Master'. The announcement was made after market hours yesterday, 11 October 2018.

OnMobile Global said that OnMobile Europe BV, subsidiary of OnMobile Global has entered into an agreement for acquisition of 100% shares of Appland AB. The announcement was made after market hours yesterday, 11 October 2018.

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