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Infosys’ Q1 profit fell 4.5% sequentially to Rs 3,436 crore and revenue increased 1.4% to Rs 16,782 crore. Dollar revenue was up 0.5 percent to USD 2,501 m/n QoQ.
TCS – Net profit for the quarter at Rs 6,318 crore was up 10.6% from Rs 5,708 crore in the corresponding quarter last financial year.
NTPC, the state-owned largest power producer in the country, has plans to build new units at existing plant sites and phase out the old ones.
Reliance Industries & LIC Housing Finance result to be declared today. Berger Paints becomes ex bonus 2:5 , HDFC today ex- date for dividend- Rs 15/share – Tata Elxsi ex-date for dividend Rs 14/share.
Government / Regulatory News:
Wholesale Price Index (WPI)-based to 1.62% in June, which was double the rate recorded (0.79%) in each of the previous two months.
IIP grew 1.2% in May as against a contraction of 1.3% in April.Retail inflation was at a 22-month high in June, remained stable at 5.77 %. It was 5.76% in May.
BSE is all set to introduce ‘Paperless SIP’ that would allow mutual funds to take transactions in various modes.
Mutual fund industry’s asset base rose 6.5% to an all-time high of Rs 14.41 lakh crore in April-June quarter helped by strong participation from retail investors and robust inflow in equity schemes.
ICICI Prudential Life Insurance is to file for IPO of shares with the regulatory authorities as early as next week. The deal size is likely to be Rs 4,700 crore, biggest since Coal India’s IPO in 2010.
Following the successful IPO of L&T Infotech, L&T Technology Services will file the draft red herring prospectus.
Fund-raising through IPO in June quarter hit at Rs. 5,855 crore, the highest in last 9 years even as listed companies shied away from tapping institutional investors through QIP.
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