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TCS Q4 Results Out et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Apr 19, 2018 1:13 PM 1 min read

End of Day Wrap-up (Thursday / April 19, 2018) #Fortis #ICICI #CEO #ChandaKochhar #TCS #AmazonPrime #Netflix #FB #GDPR #Transfin

Editor's comment: Fortis Board to discuss all offers today. IHH Healthcare and Hero-Burman revise offers. Two large portfolio investors - East Bridge Capital Master Fund and Jupiter India fund, demand replacement of existing board. 


Key shareholders of ICICI Bank meet Chairman MK Sharma to discuss potential succession plan post allegations of conflict of interest on current CEO Chanda Kochhar. ICICI Bank is the second most own stock by Mutual Funds in India.   


Govt launches probe into suspected hoarding of INR2,000 notes and spike in cash withdrawals which has resulted in cash crunch across ATMs over last 2 weeks. Finance Ministry adds c.40% of ATMs across the country were non-functional as at April 16. The figure is expected to normalise to 80% by today. 


Q4 FY18 Revenue at INR32,075 crore for TCS; up 8.2% Y-o-Y and 3.8% Q-o-Q. "We're glad to announce we're back to double digit trajectory on dollar revenue growth, UK has been leading with a strong growth of over 10% Y-o-Y," said Rajesh Gopinathan, CEO & MD


Amazon Prime crosses 100m subscribers, vs. 50m subscribers of Costco and 125m 'content-only' subscriptions of Netflix.


Facebook to switch its data controller entity for all non-EU non-US users to Facebook USA from Facebook Ireland, to bypass GDPR for non-EU data