TCS, M&M, JK Lakshmi Cement at centrestage

On a consolidated basis, TCS reported 0.85% fall in net profit to Rs 8,049 crore on 0.03% rise in total income to Rs 40,684 crore in Q4 March 2020 over Q3 December 2019.

Mahindra & Mahindra (M&M) said that its step-down wholly owned subsidiary Mahindra Renewables (MRPL) has sold 1,20,80,000 equity shares of Rs. 10 each held by MRPL in Divine Solren (DSPL) aggregating to 100% of the paid-up Equity Share Capital of DSPL to CLP India, for a consideration of Rs 124.47 crore.

JK Lakshmi Cement said that on the basis of permission received from the Government of Gujarat, the company's grinding units at Kalol and Surat have become partially operational.

Sudarshan Chemical Industries said that that the necessary permissions have been received to restart production at manufacturing facility located at Mahad. The company is undertaking all safety measures and guidelines including Standard Operating Procedure for Social Distancing at the site, as issued by the Government of India.

CoSara Diagnostics, a Joint Venture of a subsidiary of Ambalal Sarabhai Enterprises has started the import and marketing of Test kits of COVID -19 in India based upon license granted by CDSCO.

Grindwell Norton informed that pursuant to the directives from the authorities, few of the company's plants are partially operational and the operations at other plants remain suspended (except essential services) till May 3, 2020.

Graphite India said it has started partial manufacturing operations at its graphite electrode plant in Satpur, Nashik , Maharashtra engaging minimum labour/manpower, after obtaining requisite permission from the Government authorities.

Powered by Capital Market - Live News