CAPITALSTARS
DAILY CORPORATE NEWS
Team Lease Rs423 cr IPO oversubscribed
The initial public offer ( IPO) of Team Lease Services has been oversubscribed by 1.83 times till afternoon on the last day of the offer today.
The Rs423 crore IPO received bids for 52, 86,555 shares against the total issue size of 28,92,063 shares, as per the NSE data till 1200 hrs.
Bajaj Auto Q3 net profit up by 5% (YoY)
Bajaj Auto has announced the following Q3 Un-Audited Standalone results for the quarter ended December 31, 2015:
Net Profit surged by 4.67% to Rs901.49 crore Vs Rs861.24 crore.
Total Income increased by 0.21% to Rs5764.58 crore Vs Rs5752.44 crore
Arvind Q3 consolidated net profit at Rs103 cr (YoY)
Arvind has announced the following Q3 results for the quarter ended December 31, 2015 (YoY):
Standalone (YoY)
The Company has posted a net profit of Rs86.83 crore Vs Rs99.21 crore.
Total Income is at Rs1365.21 crore Vs Rs1352.88 crore
Union Budget on Feb 29; Railway Budget on Feb 25
Update on upcoming Budget
Union Budget will be presented on February 29, 2016
The Rail Budget will be presented on February 25, 2016
President Mukherjee will address a joint session of Parliament on February 23
First part of budget session Of parliament from February 23 - March 16
Second part of budget session of parliament from April 25 - May 13
Zydus Wellness Q3FY2016 sees muted sales performance
Zydus Wellness Q3FY2016 (consolidated) results – muted sales performance; gross margins improved in y-o-y basis
Zydus Wellness Q3FY16 performance is not comparable on y-o-y basis as net sales and other operating income for corresponding quarter last year includes Rs13.27crore and Rs8.98crore towards additional excise duty related to Sikkim facility.
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