TCS to be watched after Q2 result

Tata Consultancy Services (TCS) reported 1.09% fall in consolidated net profit to Rs 8042 crore on 1.23% rise in total income to Rs 40338 crore in Q2 September 2019 over Q1 June 2019. The result was announced after market hours yesterday, 10 October 2019.

IT major Infosys will announce its Q2 result today, 11 October 2019.

Biocon and Evotec SE announced that Biocon Biologics, a wholly owned subsidiary of Biocon, and Just - Evotec Biologics, wholly owned by Evotec, have entered into a strategic licensing agreement for an early-stage, pre-clinical biosimilar asset. The announcement was made after market hours yesterday, 10 October 2019.

Tata Steel said that Tata Steel India's Q2 sales volume increased by 5% QoQ on provisional basis primarily with better volumes at Tata Steel BSL. During the quarter, lower volumes to Automotive segment were compensated by higher exports while deliveries in Branded Products & Retail segment and Industrial Product & Projects segment were maintained. Tata Steel India's Crude Steel production was flat on QoQ basis. The announcement was made after market hours yesterday, 10 October 2019.

Vakrangee announced its partnership with Aadhar Housing Finance for offering distribution of Home Loan & Loan against Property through its Nextgen Vakrangee Kendras. The announcement was made after market hours yesterday, 10 October 2019.

Eveready Industries India said that the company has completed the sale of the company's land situated at Triuvottiyur Road, in Chennai, Tamil Nadu, with the execution of a Sale Deed in favour of M/s. Insight Retail Private Limited, a subsidiary of Alwarpet as nominated by Alwarpet, in terms of the agreement for sale for a consideration of Rs 100 crore. The announcement was made after market hours yesterday, 10 October 2019.

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