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This will amount to a total payout of Rs 4,089 crore. May 25 has been fixed as the record date for payment of dividend. The announcements were made after market hours and the stock had ended at Rs 433.60 on the NSE — down by Rs 3.80 or 0.87% over Wednesday’s closing price. The company board has also approved setting up of a continuous cast copper rod plant in Saudi Arabia.
(Reuters) – U.S. lawmakers Jerry Nadler and Joaquin Castro on Tuesday raised competition concerns over the sports streaming joint venture planned by Walt Disney (NYSE:DIS), Fox and Warner Bros Discovery (NASDAQ:WBD). The congressmen questioned how the new offering would affect access, competition, and choice in the sports streaming market in a letter to the media companies\’ CEOs.
(Reuters) -Ibotta, the digital marketing company backed by Walmart (NYSE:WMT), said on Tuesday it was looking to raise about $551 million in an upsized initial public offering in the United States.