TCS reported Profit After Tax (PAT) of Rs 5,244 crore, up 13.2% YoY & 5.8% QoQ. Its sales for the second quarter stood at Rs 23,816 crore versus Rs 22,111 crore QoQ. TCS will pay a dividend of Rs 5 per share. TCS' board also approved merger of company with CMC. CMC shareholders will get 79 TCS shares for every 100 held.
Ashok Leyland has received an order worth $17 million (around Rs 104 crore) to supply 630 buses to Sri Lankan operators.