'Tata Steel announces 10:1 stock split; dividend of Rs 51'- Business Today Newsletter

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LATEST   Tata Steel announces 10:1 stock split; dividend of Rs 51   For FY22, the company clocked a net profit of Rs 41,749 crore, a more than five-fold jump from the previous fiscal's Rs 8,190 crore.

LATEST   Merchandise exports see 24% rise to $38.19 bn in April: Commerce Ministry   Non-petroleum exports stood at $30.46 billion in April 2022 whereas, in April 2021, they stood at $27.12 billion.

LATEST   India’s coal output tops 662.5 lakh tonnes in April; Coal India makes new record   The Coal Ministry said, “Coal India has achieved the highest production of 534.7 lakh tons during April this year indicating 6.02 per cent growth.”

MARKETS   LIC raises Rs 5,627 crore from anchor investors ahead of IPO   Anchor Investors' (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said.

LATEST   AC sales reach 17.5 lakh units in April, to hit 90 lakh in 2022: CEMA   Already, in April the industry has clocked the sale of around 17.5 lakh units, which is also an all-time high for the month.

LATEST   COVID-19 update: SII drops price of its Covovax vaccine   India's drug regulator had approved Covovax for restricted use in emergency situations in adults on December 28 last year and in the 12-17 age group, subject to certain conditions, on March 9.

LATEST   Kerala-based 'Open Financial Technologies' becomes India's 100th unicorn   The startup, which is supported by the state government's Kerala Startup Mission (KSUM), has raised $50 million from Mumbai-headquartered IIFL Finance in its Series D funding round.

LATEST   PM Modi invites Danish firms, pension funds to invest in India   Modi said that over 200 Danish companies are already present in India and benefiting from the 'ease of doing business' initiative of the government.

LATEST   Experts question India’s coal usage as heat wave sparks power shortage   India recorded its hottest March since 1901, and average temperatures in April in northern and central pockets of the country were the highest in 122 years, the Indian Meteorological Department said.

Personal Finance   Will closing old credit cards affect my credit score?   The credit score is a three digit number between 300 and 900 points, and a good credit score is 750 and above. It is a number which tells about the status of your financial health.

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