Four Companies in Focus today, among others

Tata Steel Ltd has announced consolidated net loss of Rs 1,168.02 crore in Q4 March 2017, versus the net loss of Rs 3,041.88 Cr, in corresponding period last year. Tata Steel’s Net sales rose 29.6% to Rs 33,424.09 crore in Q4 March 2017 y-o- y.

Wipro Ltd announced that the company has developed nine block-chain- based solutions for the banking financial services and insurance, manufacturing, retail and consumer goods industries.

Private lender Kotak Mahindra Bank (KMB) stated that the SIC of the board passed resolution approving the closure of the QIP of 6.20 Cr, equity shares on 16 May 2017. It has approved the issue price of Rs 936 / share against the floor price of Rs 913.24/share.

Shree Cement Limited recommended final dividend of Rs 24.00/ equity share for the year ended 31 March 2017. Shree Cement’s net profit declined 54.07% to Rs 304.51 Cr, on 4.04% rise in total income to Rs 2834.44 Cr, in Q4 March 2017 y-o- y.

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