Latest News
-
Mandatory Testing for Indian Spices Destined for Singapore, Hong Kong After Ban -
TRAI Advocates for Enhanced Telecom Infrastructure Sharing Among Licensees -
LTIMindtree Reports Slight Q4 Profit Dip, Optimistic About Upcoming Growth -
Axis Bank Announces Q4 Net Profit at Rs 7,599 Crore Amid Deposit Accretion Worries -
hBits Expands to Pune with CyberCity Magarpatta Acquisition, Eyes Investment Opportunities -
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri -
DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared -
RBI Halts New Customer Onboarding at Kotak Mahindra Bank Over IT Compliance -
Macrotech Developers' Annual Profit Triples Despite Q4 Dip -
DoT Engages TRAI for Equitable Satcom Spectrum Allocation Guidelines
For Daily Alerts
Tata Steel Declines 5 Per cent on Poor Q4 Numbers
Shares of the Tata Steel was seen trading lower on Thursday after the company posted poor Q4 numbers due to low demand.
The Indian steel industry witnessed subdued demand across steel-consuming industries.
There was a surge in low priced imports especially from China, Japan and Korea, which led to a sharp correction in steel prices especially during the last few months of the year, the company said in the press release.
The company reported a loss of Rs 5,670 crore against a net profit of Rs 1035 crore, in the same quarter of last fiscal.
The Board of Directors of the Company has recommended an equity dividend of ₹8 per share for FY'15.
Shares were seen trading lower by 5 per cent at Rs 343 on BSE at 11.10 AM IST.
GoodReturns.in
Story first published: Thursday, May 21, 2015, 11:20 [IST]
More From GoodReturns
