Here are stocks that are in news today:
Tata Steel-Company fails to crack a deal with UK staff: ET-Unions refuse deal on pension changes
Power companies in focus-Developers of new power plants may have to set up renewable power units: FE-10 percent renewable power of the total capacity
Hitachi Automotive Systems-Company setting up a plant in Chennai for valve timing control systems: FE-Plant to cost Rs 313 crore
MRF-Company to expand Medak plant, Hyderabad: BS-To invest Rs 980 crore
S Kumars Nationwide-Company plans to move court to stall shareholders EGM: BS-EGM called by a group of shareholders to remove the entire board-Company has failed repayments worth Rs 4500 crore
TCS Q4-IFRS rupee revenue down 1.1 percent at Rs 24,220 crore (QoQ)-IFRS net profit up 8.5 percent at Rs 5,906 crore (QoQ)-Dollar revenue down 0.8 percent at USD 3,900 million (QoQ)-EBIT at Rs 6,591 crore versus Rs 6,624.1 crore (QoQ)-EBIT margin at 27.2 percent versus 27.04 percent (QoQ)-Volume growth at 1.42 percent, attrition rate at 14.9 percent-TCS declares final dividend of Rs 24/shareTCS says-Croreoss-currency had negative impact of 270 bps-Deal pipeline continues to be strong-Q4 gross employee addition at 14,395-Will come above NASSCOM estimate for revenue growth-Have added five USD 100 million clients in Q4-Overall pricing environment on a like-to-like basis will be stable-Average hike in India to be around 8 percent & overseas to be 2-4 percent-Telecom & energy sectors saw negative growthTCS-Announces one-time bonus for employees worth Rs 2,628 croreAlert: Bonus to commemorate 10 years of listing-To give one week of salary for every year of service-TCS says employees who have completed at least one year eligible for one-time bonus
Mindtree Q4-Consolidated net profit at Rs 129 crore versus Rs 140.8 crore (QoQ)-Consolidated rupee revenue at Rs 918 crore versus Rs 911.7 crore (QoQ)-Consolidated dollar revenue at USD 147.8 million versus USD 147.7 million (QoQ)-Consolidated forex loss at Rs 13 crore versus gain of Rs 7 crore (QoQ)-Consolidated EBITDA at Rs 179 crore versus Rs 189 crore (QoQ)-Consolidated EBITDA margin at 19.5 percent versus 20.7 percent (QoQ)-Mindtree says board recommends dividend of Rs 10/share
Delhi High Court-Asks Coal India not to take over Jindal Power's coal washeries-Allows Jindal Power to retain coal washeries in Gare Palma IV/2 & IV/3 blocksAlert: Jindal Power moved HC alleging Coal India cannot take over coal washeries
RBI says-Interest subvention scheme on short-term crop loan for FY16 extended till June 30-Examining alternative approaches for improving efficacy of interest subvention scheme-Finalisation of interest subvention scheme for crop loans may take some time
RBI issues Rs 10 coins to commemorate occasion of ‘Centenary commemoration of Mahatma Gandhi's return from South Africa’-RBI says Rs 10 coins to be put into circulation soon by RBI
Delhi High Court to hear Nokia's plea to lift freeze on Chennai plant todayNokia to Delhi High Court-Have potential buyers for Chennai plant-Can't close transaction with prospective buyers with freeze in effect
SpiceJet wants 3-year breather on airport dues, writes to aviation ministry: Sources-SpiceJet wants 3-year moratorium on Rs 211 crore dues to Airports Authority Of India-SpiceJet also wants interest on dues to be waived entirely
Other stocks and sectors that are in news today:-M&M in final stages to buy auto designer Pininfarina: ET-Government to divest 15 percent stake in MMTC: BS-Eros International ties up with Asianet for movie streaming: BL-Shareholders of Jindal Saw approve a Rs 10,000 crore raw material purchase contract with JSW Steel: BL-Microsoft & Yahoo agree to amend search partnership-Delhi government to discoms: Provide information about former DERC/power department officials working for them-Punjab National Bank cuts fixed deposit rate by 25 bps on select maturities: PTI-S&P affirms Bharti Airtel’s 'BBB-' rating with stable outlook-Pidilite Industries says arm acquired waterproofing business of Nina Concrete Systems on a slump sale basis-LIC raises stake in Hindalco to 11.3 percent-VRL Logistics IPO subscribed 1.94 times till day 2; QIB subscription at 1.27 times, HNI at 1.82 times and retail at 2.37 times
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