TCS to be watched ahead of Q1 earnings

IT major TCS is slated to announce Q1 June 2017 results today, 13 July 2017.

Chambal Fertilisers and Chemicals said that it has delivered the ship - Ratna Shalini to the buyer on 11 July 2017. Earlier in May 2017, the company announced that it executed a memorandum of agreement with Rialto Navigation S.A., Liberia for sale of the ship - Ratna Shalini for a consideration of $24.5 million. The announcement was made after market hours yesterday, 12 July 2017.

Tata Global Beverages will be watched. The stock exchanges sought clarification from the company with respect to news item titled, "Tata Global Beverages to divest stake in group's firms to parent." Tata Global Beverages clarified after market hours yesterday, 12 July 2017, that it has not taken any decision on the matters mentioned in the media report and the news item is therefore speculative in nature.

Speciality Restaurants said it has entered into a franchise agreement on 11 July 2017 with Resolute Restaurant Management LLC (the 'franchisee'), granting the latter right to open three franchise restaurants under brand 'Mainland China Asia Kitchen' in United Arab Emirates within the time stipulated in the franchise agreement. First franchise restaurant will be opened at BurJuman Mall, New Wing, in Dubai, United Arab Emirates.

The company will manage the day-to-day operations of restaurant and charge franchise fees and management fees, in accordance with the terms of the franchise agreement. The announcement was made after market hours yesterday, 12 July 2017.

Bharti Airtel turns ex-dividend today, 13 July 2017, for dividend of Rs 1 per share for the year ended March 2017.

Mahindra & Mahindra turns ex-dividend today, 13 July 2017, for dividend of Rs 13 per share for the year ended March 2017.

Reliance Industries turns ex-dividend today, 13 July 2017, for dividend of Rs 11 per share for the year ended March 2017.

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