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Monday, March 9, 2015

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TCS ranked as top employer in Europe for 3rd consecutive year
TCS, the leading IT services, consulting and business solutions organisation, has been certified as top employer in eight European countries - the UK, Belgium, the Netherlands, Germany, Switzerland, Sweden, Denmark and Norway by Top Employers Institute.

Blue Star plans eighth manufacturing unit in India down South
Air-conditioner maker, Blue Star Ltd, is planning to set up a manufacturing facility down South, as its room AC manufacturing unit in Himachal Pradesh is expected to run out of capacity by the year end.
The company plans to invest close to Rs 150 crore to set up a 500,000 units per annum facility in southern India, which currently accounts for nearly 47% of its sales.

Sun Pharma, Ranbaxy hit fresh high on Punjab & Haryana High Court nod for merger
Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories have touched their respective all-time highs after Punjab and Haryana High Court approved the Scheme of Arrangement involving merger of Ranbaxy Laboratories with Sun Pharmaceutical Industries.

Hindustan Unilever hits new high
Shares of Hindustan Unilever (HUL) has moved higher by 4% at Rs 975, also its record high on the National Stock Exchange (NSE), in otherwise weak market on back of heavy volumes.
The stock opened at Rs 936 and touched a low of Rs 931 so far. Till 1326 hours, a combined 2.42 million shares already changed hands as against an average sub 2 million shares that were traded daily in past two weeks on NSE and BSE.

Q4 to be muted says TCS
Tata Consultancy Services has conveyed to brokerages that its revenue growth in the March quarter would be muted, thanks to the impact of cross-currency movement. The company has been leading the sector's growth even as growth of the sector's bellwether slipped to single digits over the last few years. While the revenue growth in constant currency is expected to be in line with corresponding quarter of the previous year (1.9% quarter on quarter growth in December FY14), the company expects cross currency movement to impact revenue growth.

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