TopNews

New Delhi, Feb. 1 : HCL Infosystems, one of India's premier IT Services, Distribution and Digital Solutions Company, has announced its financial results for the third quarter ended December 31, 2016.

Quarter Highlights:

• Overall Revenue of Rs. 765 Crore in Q3

• Enterprise Business continues to grow with revenue of Rs. 490 Crore in Q3 (+5% YoY) on the back of strong order book growth

• Progress made towards project completion and receivables in the System Integration (SI) business with a collection of Rs. 200 Crore from a major Defence Project

• Consolidated Profit / (Loss) before Tax at Rs. (65.8) Cr in Q3

• Consumer Business readies for Multi-Brand Telecom Distribution

New Delhi [India], Feb. 1 : The 2017 Union Budget will be presented today in Parliament by Finance Minister Arun Jaitley and there will be no separate Rail budget from this year, as it has been merged with the General Budget.

The government has advanced the date of budget presentation so as to complete the entire process before the end of financial year.

The first part of the budget session has been kept brief in view of ongoing assembly polls in five states.

Later in the day, the Finance Minister will reply to questions by Twitterati on the budget proposals.

He said that he will be happy to respond to the questions sent directly to him on Twitter. The questions can be asked on Twitter by using hashtag #MyQuestionToFM.

Cotton on MCX settled up by 0.34% at 20390 due to weak demand from domestic mills at the spot market. Though, reports of lower production from major growing regions capped some losses in cotton.

Cardamom on MCX settled up by 2.22% at 1478.6 as supply continued to show a shrinkage following the continued dry spell. Harvesting is nearly complete and hence arrivals are unlikely to pick up.

Maize on NCDEX settled down by -0.27% at 1467 tracking weakness in spot demand and overeas prices.

Jeera on NCDEX settled up by 1.53% at 17900 on account of forecast of fall in jeera production due to lower acreage.