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Tata Consultancy Services: TCS reported 6.3% sequential growth in Q4FY21 consolidated profit at Rs 9,246 crore while revenue grew by 4% QoQ to Rs 43,705 crore. Revenue growth in constant currency stood at 4.2 percent QoQ.
Power Mech Projects: CARE revised credit rating on company's long-term bank facilities to 'A-' from A, while maintaining stable outlook.
Satin Creditcare Network: The company's assets under management (AUM) stood at Rs 7,274 crore as on March 2021, a growth of 5.3% QoQ, indicating that the growth has started kicking in, said Satin, adding for FY21, the company maintained sufficient liquidity of Rs 1,469 crore and raised Rs 4,312 crore including direct assignment transactions of Rs 743 crore. The collection efficiency trend was 98.2% in December 2020, 95.6% in January 2021, 97.3% in February 2021, and 105.0% in March 2021.
Texmaco Infrastructure & Holdings: CARE assigned 'A-' rating (stable outlook) to company's long term bank facilities and 'A1' rating to short term bank facilities, which factored in company's plan to venture into real estate segment.
Hindustan Copper: Hindustan Copper closed its qualified institutional placement issue and approved the issue price of Rs 119.60 per equity share for the issue.#TCS #TEXINFRA