Company Overview and News

 
IT sector this week: Biggies report Q4 earnings, signal a turnaround in the sector

23h moneycontrol
While IT bellwether Infosys kick started the fourth quarter earnings season last week, India's top software exporter Tata Consultancy Services reported a better than expected Q4 revenue on Thursday, signalling that a turnaround in the sector may be in the offing.
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TCS set to be first Indian co with $100-bn market cap

2018-04-21 freepressjournal.in
Mumbai : Information technology bellwether Tata Consultancy Services (TCS) is closed to hitting the $100-billion mark in terms of market capitalisation as its share price surged nearly 7 per cent on Friday, adding about $6.2 billion to its valuation.
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Weak rupee, TCS mood-upper lift Nifty IT index to new high

2018-04-20 thehindubusinessline
Our Bureau The Nifty IT index on Friday registered a lifetime high on weak rupee against the US dollar and a robust growth guidance by Tata Consultancy Services.
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Upcoming results: CDSL, HDFC Bank, LIC Housing

2018-04-20 thehindubusinessline
The results season will kick off in earnest from this weekend with big companies declaring their quarter and full-year 2018 numbers. HDFC Bank, CDSL and Aro Granite will declare their numbers on Saturday, while 3i Infotech, Bharti Infratel, Bharat Financial Inclusion, Cholamandalam Investment, Delta Corp, Foseco India, GNFC, Indiabulls Ventures, Kewal Kiran, LIC Housing Finance, Reliance Infra, Reliance Naval & Engineering and Swaraj Engines will announce their results on Monday.
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Unichem Labs: No observation from USFDA

2018-04-20 thehindubusinessline
Drug firm Unichem Laboratories on Friday said it has not received any observations from the US health regulator following completion of inspection of the company’s facility in Ghaziabad, Uttar Pradesh. The facility was inspected by the United States Food and Drug Administration from April 16 to April 20, Unichem Laboratories said, and added that this inspection also covered one of the ‘first to file’ molecules.
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Broker's call: NMDC

2018-04-20 thehindubusinessline
NMDC is engaged in mining of iron ore. The company’s segments include iron ore and other minerals & services. It is also engaged in the production and sale of diamond, sponge iron and wind power.
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TCS Q4 results: Company all set to hit $100 billion market capitalisation mark

2018-04-20 freepressjournal.in
Mumbai: Shares of IT bellwether Tata Consultancy Services (TCS) on Friday rose over 7 percent to touch a new high of Rs 3,419.80 per share, taking its market capitalisation (m-cap) to over Rs 6.50 lakh crore or around $98 billion. With this, the IT major emerges as the first Indian company with a market capitalisation of close to $100 billion. On closing (at 3.30 p.m.), the m-cap of the company stood at Rs 6,53,154.
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India's Set to Get its First $100 Billion Company in a Decade - Bloomberg

2018-04-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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TCS at record closing high, just 1.5% shy of hitting $100bn market cap

2018-04-20 moneycontrol
Tata Consultancy Services share has rallied 6.62 percent to end at record closing high of Rs 3,402.45 on Friday after reporting healthy performance for the March quarter as well as FY18.
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TCS hits new record high, eyes $100 bn market capitalisation post Q4 FY18 result

2018-04-20 moneycontrol
Tata Consultancy Services share has rallied 6.5 percent intraday to hit a fresh record high of Rs 3,399.90 on Friday after reporting healthy performance for the March quarter as well as FY18. At 11:39 hours IST, the share price was quoting at Rs 3,383.00, up Rs 191.85, or 6.01 percent.
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Nifty IT index jumps 5% after rupee hits 13-month low, TCS adds Rs 40K cr to market cap post Q4 results

2018-04-20 moneycontrol
Not only TCS but also all other technology stocks rallied sharply on Friday, after the Tata Group firm reported highest ever dollar revenue growth in last 14 quarters in Q4 and the rupee hit 13-month low of 66.08 against the US dollar.
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Market Update: IT stocks rally with TCS gaining over 6%; Welspun India zooms 9%; Yes Bank top loser

2018-04-20 moneycontrol
The Indian equity market was trading on a flat to negative note on Friday afternoon with the Nifty shedding 13 points was trading at 10,551 while the Sensex was down 27 points or 0.08 percent.
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Mahindra CIE Automotive gains on strong Q4 profit

2018-04-20 thehindubusinessline
Shares of Mahindra CIE Automotive gained on strong Q4 profit. The stock rose as much as 7.6 per cent to Rs 249.8, highest since January 16.
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Nifty IT index jumps 4% after rupee hits 13-month low, TCS adds Rs 40K cr to market cap post Q4 results.

2018-04-20 moneycontrol
Not only TCS but also all other technology stocks rallied sharply on Friday, after the Tata Group firm reported highest ever dollar revenue growth in last 14 quarters in Q4 and the rupee hit 13-month low of 66.08 against the US dollar.
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Market Update: IT stocks rally led by TCS; PSU banks drag as PNB, BOI fall 2-5%; Indigo hits new 52-week high

2018-04-20 moneycontrol
The Indian equity market was trading on a negative note on Friday afternoon with the Nifty shedding 21 points was trading at 10,543 while the Sensex was down 58 points or 0.17 percent.
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