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Market Summary

The markets are expected to open flat, as trends in the SGX Nifty indicate a mildly positive start for the broader index after Nifty closed 90 points higher at 17,812 on Wednesday.

Rail Vikas Nigam: The company has received an order from North Western Railway worth Rs 63.08 crore for provision of automatic block signalling on Madar-Sakhun section of Jaipur Division.

HDFC Bank: The bank signed an agreement with Export Import Bank of Korea for a $300-million credit line to be used for funding Korea-related business, it said in a statement.

NTPC: The company will be issuing non-convertible debentures worth Rs 3,000 crore on April 17 on private placement basis with a coupon of 7.35% for a tenor of three years. These funds will be used towards capital expenditure, financing existing loans and other general purposes.

RITES: The company has received a project worth Rs 72 crore from Kerala Infrastructure Investment Fund Board for project management consultancy work.

HDFC Bank: The bank signed an agreement with Export Import Bank of Korea for a $300-million credit line to be used for funding Korea-related business, it said in a statement.

SRF: On Wednesday April 12, the company commissioned and capitalised a project to create a pharma intermediates plant at Dahej for undertaking precursor processes for production of pharma products at a cost of Rs 223 crore. Q4 Earnings Results: Tata Consultancy Services Q4 FY23 revenue were up by 1.6% at Rs 59,162 crore, EBIT was up by 1.4% at Rs 14,488 crore with EBIT margin of 24.48%. Net profit werre up by 5.08% at Rs 11,436 crore and the board approved a final dividend of Rs 24 per share for the last fiscal. Anand Rathi Wealth

Q4 FY23 revenues were up 27.05% at Rs 142.96 crore, Ebitda were up by 32.83% at Rs 60.85 crore with EBITDA margin of 42.56%. Net profit were up by 23.44% at Rs 42.71 crore. Q4 Results Today: Infosy

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