TCS, Infosys, Wipro, Delta Corp, DLF, Federal Bank


Here are the top ten actions that could make the news today:

Tata Consulting Services: The IT major will announce its results for the December quarter today. Analysts expect TCS to report 3.5% dollar revenue growth sequentially in constant currency. Emkay Global expects Infosys to revise its revenue growth forecast for fiscal year 22 to 17.5-18.0% in constant currency, from 16.5-17.5% currently.

Wipro: The company that will report its December quarter results today is expected to aim for sequential growth of 2-4% in constant currency for the fourth quarter of fiscal 22. Wipro is expected to post revenue growth in dollars in dollars of 3.3% at constant exchange rate.

Infosys: The IT company is expected to experience dollar revenue growth of 3% in constant currency. Edelweiss Securities expects Infosys to show a 60 basis point margin improvement sequentially due to slower supply, higher prices and operating leverage

DLF SA: The real estate company said it recorded sales of around ??1500 crore in the first phase of its newly launched luxury residential project ‘ONE Midtown’ in West Delhi. DLF Home Developers Ltd, a subsidiary of DLF, said last week that together with GIC Pte Ltd of Singapore, it will develop more than 900 apartments in the Moti Nagar locality project in Delhi.

Delta Corp: The company reported consolidated net profit of ??703.8 million for the quarter ended Dec.31, up from just ??12.8 million points recorded in the same period last year.

Federal Bank: The board of directors has approved a public listing project for its subsidiary Fedbank Financial Services. FedFina is the Kerala-based lender’s retail focused non-bank finance company. The IPO will include a new issue and an offer to sell.

Tata Teleservices: The company has opted for the conversion of interest on adjusted gross contributions amounting to ??850 crore in equity, after which the government will own 9.5% in the company.

Global KPI Infrastructure: The company said it has obtained a letter of intent to re-order for the execution of a solar energy project.

Tata consumer products: The consumer products company uniting Tata Group’s interests in the food and beverage industry announced on Tuesday it has appointed Gharry Eccles president of international affairs, effective January 17, 2022.

Ultratech cement: The cement manufacturer has commissioned line II of the Bara grinding unit in Uttar Pradesh, with a capacity of 2 mtpa. This brings its total cement manufacturing capacity in India to 114.55 mtpa.

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