Stocks in the news: TCS, ITC, Coal India, NALCO, Dalmia Bharat, Nestle India

Here are stocks that are in news today:

Results today: Yes Bank, IndusInd Bank, Network 18, TV18 Broadcast, Sasken, RS Software, Mold Tek

TCS Q4

- Net profit down 2.5 % at Rs 6,608 crore versus Rs 6,778 crore (QoQ)

- Rupee revenue down 0.3 percent at Rs 29,642 crore versus Rs 29,735 crore (QoQ)

- EBIT down 1.4 % at Rs 7,627 crore versus Rs 7,733 crore (QoQ)

- USD revenue up 1.5 % at USD 4,452 million versus USD 4387 million (QoQ)

HOEC Q4

- Net profit at Rs 9.8 crore versus loss of Rs 1.8 crore (YoY)

- Total income at Rs 8 crore versus Rs 5.8 crore (YoY)

- One-time gain at Rs 6.4 crore versus Rs 2.4 crore (YoY)

Nestle India

- Clarifies on Rajasthan food regulators report on 'substandard' Cerelac

- Strongly disagree with the findings of the food analyst, Udaipur

- Got product from same batch tested at 3 NABL approved labs

Dalmia Bharat

-Subsidiary Calcom Cement gets shut down notice from local authorities in North East India

-We have all approvals in place to run unit, Calcom Cement

-Will pursue legal remedies if authority insists on shutting down unit

Coal India

- Coal controller announced new methodology for grading coal in FY18

- As per new methodology, 40.76% fractions were downgraded

- In most cases, downgrading has been by 1-2 grades

ITC

- General insurance companies sell ITC to hike book value before listing

- LIC, however, increased stake

Other stocks and sectors that are in news today:

- Glenmark gets tentative US FDA nod for Dabigatran Etexilate capsules

- Alembic Pharma gets tentative US FDA nod for anti-depression drug, Vilazodone

- Reliance Capital issues non-convertible debentures (NCD) worth Rs 1500 crore

- Allahabad Bank board meeting on May 17 to mull capital infusion by government

- SEBI to not initiate any action against Bhushan Steel

- Government to sell 10 % stake in NALCO via OFS today and tomorrow

- NBCC secures total business of Rs 1,877 crore in March 2017

- Sumeet Kumar Somani new MD of Sumeet Industries

- SPML Infra completes irrigation project in Gujarat

- Tata Steel UK plans USD 663 million payout to sttle pension dues: ET

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