On a consolidated basis, Reliance Industries (RIL) reported 108.36% surge in net profit to Rs 13,227 crore on 9.59% increase in net sales to Rs 149,575 crore in Q4 March 2021 (Q4FY21) over Q4 March 2020 (Q4FY20).
EBITDA rose 1.9% quarter-on-quarter (QoQ) and it advanced 2.77% year-on-year (YoY) to Rs 26,602 crore in Q4FY21 over Q4FY20. The sequantial improvement was primarily due to improvement in O2C and retail businesses.
The company s board also declared a final dividend of Rs 7 per share for the financial year ended March 2021.
IndusInd Bank reported 190.2% surge in standalone net profit to Rs 875.95 crore on 0.45% increase in total income to Rs 9,199.48 crore in Q4 March 2021 (Q4FY21) over Q4 March 2020 (Q4FY20).
Key benchmark indices are trading weak in early trade on selling pressure in index pivotals. Market reacted to election results of the five states which were declared on May 2 and the record high GST revenue for April released on May 1. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 497.24 points or 1.02% at 48,285.12. The Nifty 50 index was down 147.20 points or 1.01% at 14,483.90. The Nifty dropped below the psychological 14,500 mark in opening trade. Shares of auto companies were in focus as investors reacted to the auto sales figures for the month of April.
The S&P BSE Mid-Cap index was down 0.81%. The S&P BSE Small-Cap index was up 0.28%.
Samir Seksaria Takes Over as CFO of TCS Effective May 1 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Tata Consultancy Services (TCS), India s largest IT services firm, named Samir Seksaria as its Chief Financial Officer, effective May 1. He replaces V Ramakrishnan ( Ramki’) who will be retiring from the services of the company today (April 30). The Board of Directors, at its meeting held on April 12, had appointed Samir Seksaria as Chief Financial Officer. Prior to this appointment, he was heading the Business Finance function for TCS. In that role, he was responsible for the financial management of the company’s individual operating units, and also for the corporate financial analytics and planning at the firm. Seksaria started his career in TCS in 1999 and spent his early years in consulting assignments involving regulatory compliance and M&A spin-offs. He moved to Corporate Finance in 2004 and played a key role in the company’s IPO. Prior to being named CFO, he was heading the financial analytics, planning and business finance functions.
Seksaria will replace V Ramakrishnan who will be retiring from the company effective 30 April 2021.The board of TCS at its meeting held on 12 April 2021, had appointed Samir Seksaria as chief financial officer. Prior to being appointed as CFO, he was heading the financial analytics, planning and business finance functions.
Seksaria replaces V Ramakrishnan ( Ramki ) who will be retiring from the services of the company effective today i.e. 30 April 2021.
Samir Seksaria said, I am truly honored to be offered the role of chief financial officer. I am thankful to the Board and the management for giving me this position of responsibility. I look forward to working closely with our clients, partners, business units and associates towards creating value for all our stakeholders as TCS powers ahead in its journey of transformative growth.