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Tata Steel Ltd.’s fourth-quarter profit rose even as the margin contracted in line with analyst expectations. The steelmaker’s consolidated net profit increased 2.5% over the preceding quarter to Rs 9,835 crore in the three months ended March, according to an exchange filing. That compares with the Rs 9,462-crore consensus estimate of analysts tracked by Bloomberg. … Read more
Tata Steel Ltd. will consider a proposal to split equity shares of the company on May 3.The board of directors will “consider a proposal for sub-division of the equity shares of the company having a face value of Rs 10 each, subject to regulatory / statutory approvals , “according to an exchange filing.The steel major … Read more