Tata Steel Q1 Results: Profit, while up 51% year-on-year to ₹960 crore, fell short of Street forecasts of ₹994 crore. Revenue also took a hit, declining 8% to ₹54,771 crore. In a separate development, the board greenlit a ₹35 crore infusion into Tata Power Renewable Energy’s subsidiary, TP Parivart, acquiring a 26% equity stake.
Sebi mulls allowing only electronic mode for payment of dividend, interest
Markets regulator Sebi on Friday proposed that listed entities should make all payments, such as dividends, interests and redemptions, through electronic mode only. The proposal