TCS

Consolidated Q4 YoY

  • Net profit of Tata Consultancy Services (TCS) up 14.9% to Rs 9,246 crores.
  • Net revenue rose 9.4% to Rs 43,705 crores.
  • Board has also recommended a final dividend of Rs 15 per share subject to shareholders’ approval as of now.

Adani Ports

  • S&P Dow Jones Indices removed Adani Ports from its sustainability index due to the company’s relationship with Myanmar’s military and their alleged human rights abuses.
  • In another news, Flipkart will be setting up a data centre at Adaniconnex Pvt Ltd in Chennai while Adani Logistics will construct a 5.34 lakh sq ft fulfilment centre at its upcoming logistics hub in Mumbai. This is a part of a partnership.

Prabhat Dairy

  • Prabhat Dairy will be delisted from the BSE and the NSE on April 30.
  • Trading in its equity shares will be discontinued from April 23.

Yes Bank

  • Securities and Exchange Board of India (Sebi) imposed a penalty of Rs 25 crores on Yes Bank.
  • This is with respect to the additional tier 1 bonds (AT1) misselling case.

Dr Reddy's

  • India today approved the 3rd vaccine for emergency use – the Sputnik V.
  • Dr Reddy’s is the only company licensed to sell the vaccine in India.

Airline Stocks

Meal services on flights that have a duration of less than 2 hours has been cancelled.

Listed airline stocks:

ONGC

ONGC started inviting bids yesterday for the sale of initial 2 million standard cubic metres per day of gas from its KG Basin fields.
This has been done at a minimum price of $6.6 per mmBtu.

Banking Stocks

  • According to a report by the RBI, bank deposits rose 11.4% to Rs 151.13 lakh crores during April 2020 to March 2021. Creditrpse 5.56% to Rs 109.51 lakh crores.
  • During 2019-20, credit had grown 6.1% and deposits rose 7.9%.

Bharti Airtel

  • OneWeb will provide satellite connectivity services in Kazakhstan.
  • This arrangement will also commemorate the 60th anniversary of the first human spaceflight.
    OneWeb is backed by Bharti Airtel.

CreditAccess Grameen

  • CreditAccess Grameen‘s collection efficiency improved to 94% during the January to March 2021 quarter from 91% during the October to December quarter.
  • The consolidated loan disbursement stood at Rs 4,726 crores in the January to March quarter. This is an increase of 42% year on year and 3% quarter on quarter.

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